Category: Law

Yes, bank customer data sharing is legally permitted in India in certain circumstances, but it is not unrestricted. Banks hold…

Yes, online banking fraud can be a criminal offence in India. Fraudulent activities such as unauthorised access to bank accounts,…

Yes, a joint account holder can be legally responsible for withdrawals in certain circumstances, but responsibility depends on the account’s…

Yes, banks in India can generally levy an account-closure charge, provided the charge is permitted under the applicable terms and…

PAN is generally required when opening a regular bank account in India, but having a PAN card is not the…

No, Aadhaar is not universally mandatory for opening a bank account in India. Banks must complete the applicable KYC requirements,…

No, appointing a nominee for a bank account is not generally a legal requirement for keeping or opening a bank…

Yes, KYC is mandatory for existing bank customers in India, not only for people opening new accounts. Banks are required…

Yes, changing a bank account nominee is legally allowed in India. A bank customer can generally cancel an existing nomination,…

No, operating a joint bank account is not generally legally restricted in India. Two or more people can open and…