ou have to submit all documents that prove you hold an account with the bank under liquidation. The liquidat

You have to submit all documents that prove you hold an account with the bank under liquidation. The liquidator can take time to check your documents and validate your claims. This time is necessary because closure of a bank affects tens of thousands or even millions of customers.
As the above information clearly indicates, you will get only a maximum of Rs.100,000 per account if a bank closes down for any reason.

Fraud Free Bank
If we read news reports from the above links, it will be very clear that all banks in India are prone to fraud. However, there’s one bank which has never been the victim of any fraud.

Guess which bank is that?

However, this doesn’t mean that you should close all your bank accounts and rush to open an account here.

India Post Bank/ India Post Payments Bank
You might not believe this, but India Post Bank or what’s now known as India Post Payments Bank (IPPB) has never been hit by a major fraud or scam.

There’s a simple reason for this: India Post Bank/ IPPB doesn’t lend money or give any loans. The bank offers only deposit services. Meaning, you can open a Savings, Fixed or Recurring Deposit account or get other savings schemes from IPPB. But no loans of any kind.

Interestingly, India Post Bank is the largest non-lender bank in India. It has over 155,000 branches across the country that operate from post offices.

e every account has separaou have mote insura

irstly, you’ll get Rs. 100,000 for Savings, Current, Fixed Deposit and Recurring Deposit only if you have that much amount or more in the account. Meaning, if you have only Rs.10,000 in your account, you will get only Rs.10,000 or so. However, if you have Rs.1 million in a single account, the maximum you’ll get is Rs.100,000 only. You won’t get any interest. And you will lose the remaining Rs.900,000.
If yre than one account at the bank, the DICGC will pay Rs.100,000 or lower for every account. That’s because every account has separaou have mote insurance. For example, if you have one account with Rs.150,000 deposit and another with Rs.10,000, the maximum you’ll get is Rs.100,000 for the first and Rs.10,000 for the second.
Secondly, the bank will not pay you the money directly. Instead, the liquidator or organization that a court appoints will process your claim and pay the money. This money comes from DICGC. Therefore, you will not get money directly from DICGC either.
Thirdly, the amount of Rs.100,000 or lesser will be paid within two months of the closure of the bank. The process to close a bank is pretty long. This m

he business sector is worst hit when a scam or fraud hit bank suspends or stops operations. Companies that hold accoun

When stocks of a bank start spiraling downwards, the value of your ETF and MF investments will also nosedive. Even a highly adept Fund Manager handling an MF from a respectable Asset Management Company (AMC) can do little to prevent this downward slide.

Business Sector
The business sector is worst hit when a scam or fraud hit bank suspends or stops operations. Companies that hold accounts in the scam-hit bank are affected since they might be unable to operate their accounts for regular transactions.

Hence, they’re unable to pay suppliers or receive money from customers unless they have secondary Current Account at some other bank.

As a result, a business might find itself unable to pay salaries or even rent for their offices or other facilities.

If we look at the broad picture, a bank scam or fraud affects the entire Indian society directly or indirectly.

How? Continue reading. I’ll show you with facts and figures how bank scams affect us.

Scams & Frauds Affecting Banks in India
If you think that frauds and scams are rare in India and happen occasionally, think again. Here’s why.

As many as 53,334 frauds hit banks in India from Financial Year (FY) 2009-2010 to FY 2018-2019, says the regulator, Reserve Bank of India. Banks in India lost whopping Rs.2.05 trillion due to these frauds and scams.

Major Public Sector Undertaking or nationalized banks, private and cooperative banks as well as the new generation Small Finance Banks were affected by scams and frauds, the RBI report adds.

During the first quarter (Q1) of FY 2019-2020, banks in India lost Rs.32 billion. This amount was lost in a short span of three months- from April 1, 2019 to June 30,2019, according to Reserve Bank of India figures.

By Q2 of fiscal year 2019-2020, the amount stood at staggering Rs.72.5 billion. About 90 percent frauds were at nationalized banks- which is something shocking.

Reasons for Bank Frauds
While every bank implements stringent rules and regulations prescribed by RBI, scammers and fraudsters often find a ways and means to overcome these.

Unfortunately, some scams and frauds also involve bank employees at various levels.

Given this scenario, you’ll definitely wonder: how safe is your money with banks in India. In this article, I will try and answer this important question.

There are countless reasons for bank frauds. These include lax vigilance of internal systems, frauds in Know Your Customer (KYC) documents by customers and lots more.

How Safe is Your Money at Banks in India?
Under existing laws of India, all commercial banks operating in this country- including foreign banks- have to get a license from the Reserve Bank of India and other relevant departments of the Indian government.

Therefore, every bank has to insure itself with the Deposit Insurance & Credit Guarantee Corporation (DICGC), a subsidiary of the Reserve Bank of India. Remember, no bank can operate in this country without an insurance from DICGC.Signs he doesn't love you anymore

How to Delete or deactivate Naukri Account/Profile Permanently

How to Delete or deactivate Naukri Account/Profile Permanently

If you are looking for a job and wondering which is the best place to find one then Naukri.com would be the ideal choice for you. This site caters to the needs of people just starting their career as well as experienced employees.

Why Naukri.com?
Naukri.com is one of India’s largest online job website.

delete naukri account

Naukri.com was started in 1997 and has been growing ever since. It is a platform that connects employers to employees.

Through this site, an employee can apply for jobs in India as well as overseas. Along with this, recruiters can also reach out to employees.

This website has more than 4,75,000 jobs live at any point to which they have received over 60 million job applicant profiles and bio-data. During 2017-2018 Naukri.com has serviced over 76,000 corporate clients, says its corporate website.

To search for jobs on Naukri.com, creating an account is necessary. If you have already found a job (after creating a Naukri.com account) at your dream company and would wish to excel there, then it would be beneficial to you to delete your account.

Therefore, the next step now is to delete your Naukri.com account. It’s important to delete or deactivate your Naukri.com account for several reasons. Here, I will explain these in detail.

Why is it important to delete your Naukri account?
There are many reasons as to why you should delete your account.

One of them are, your profile and resume would still be on the site and many companies looking to hire employees would tend to view your profile.

They might get the wrong impression which is not good for you as an applicant, and think that you are still unemployed. They wouldn’t be aware that you have al

You can shoot videos from your smartphone or any DSLR camera.

You can create different kind of videos like prank videos, comedy videos, kitchen recipes, how-to-do videos, travel tips, or anything you think, is useful for people.

Once you get the videos views and subscribers for your channel then you can apply for YouTube partner program.

Once you get the approval, people will see the ads along with ads in your videos. You will make money for each views your video receive.

You can shoot videos from your smartphone or any DSLR camera.

You can read this ultimate guide to make money on YouTube.

10. Become an online seller
Online selling is not like traditional selling. You don’t have much scope of selling your items outside your local market but in online selling, you can sell your product all over the country.

There are 2 ways to sell anything online.

Either, you can create your own website and sell your products from your website OR become a seller on any famous shopping portal like Amazon, Flipkart, eBay, Snapdeal etc.

Second option is much better you will get existing customers of these popular portals.

Now you must be thinking that what can I sell when I don’t have any product?

I have seen many Amazon and Flipkart sellers who don’t have any product but still they are selling number of products on these sites.

What you can do is, roam around your city & check for the best products you can sell on these sites. You can find the wholesalers and distributors who can sell you these products at a highly discounted rates.