Mumbai, July 14 (IANS) A case of alleged fraud involving nearly Rs 29.83 lakh withdrawn from the bank account of a deceased account holder has come to light at an Axis Bank branch on Tardeo Road in Mumbai, prompting a police investigation.According to Mumbai Police, the alleged fraud took place in the account of Vimla Patil, a deceased customer. Preliminary investigation has revealed that a Customer Request Form (CRF) bearing forged signatures in the name of the deceased was allegedly submitted …
Latest NEFT News & Updates
New Delhi, May 19 (IANS) The Unified Payments Interface (UPI) commanded the largest share of transaction volume at 85.5 per cent in the second half (H2) of 2025, followed by NEFT at 3.6 per cent and Prepaid Payment Instruments (PPIs) at 3.6 per cent, according to a latest report by the Reserve Bank of India (RBI).RTGS accounted for a mere 0.1 per cent, reflecting its role as a high-value, low-volume system.“Conversely, in terms of transaction value, RTGS dominated with 68.6 per cent of the tot…
Panaji, Feb 27 (IANS) The Enforcement Directorate (ED) has provisionally attached immovable properties worth Rs 3 crore in Goa in connection with a major money laundering probe linked to alleged fraudulent investment schemes operated by Myron Rodrigues and others, an official statement said on Friday.The action was taken by the ED’s Panaji Zonal Office on February 18 under the provisions of the Prevention of Money Laundering Act (PMLA), 2002.The investigation was initiated on the basis of FIRs…