BANDHANBNK.NSEBandhan Bank Ltd
BANDHANBNK.NSE
Bandhan Bank Ltd854
New Money and Tax Rules Start April 1: What You Need to Know
New Delhi, March 27 : India will see a slew of financial and regulatory changes with the beginning of the new fiscal year on April 1, 2026, affecting taxes, fuel, banking and rail travel. The Income Tax Act 2025 will replace the Income Tax Act 1961, simplifying terminology by using the word “Tax Year” instead of erstwhile confusing words ‘Assessment Year’ (AY) and ‘Previous Year’ (PY). Under the new tax regime individuals earning up to Rs 12 lakh annually will pay zero tax due to the increased rebate under Section 87A. Form 16 and Form 16A will be replaced by Form 130 and Form 131 from April 1. The issuance timelines will be amended to facilitate smoother compliance and provide clarity in tax filings. Income Tax Department will no longer accept Aadhaar alone as the proof of date of birth for PAN applications, with documents such as a Class 10 certificate and passport being required. The Indian Railways will now allow refunds if tickets are cancelled within 8 hours of departure, revised from earlier deadline of 4 hours before departure.
cityfalcon.com·7d ago
ATM rules changing from April 1, 2026: Check HDFC Bank, PNB and Bandhan Bank’s UPI, cash withdrawal limits, revised fees
ATM rules : Several Indian banks, including HDFC, PNB, and Bandhan Bank, are implementing changes to ATM withdrawal policies effective April 1, 2026. These modifications involve UPI withdrawal limits, daily withdrawal caps on specific debit cards, and revised free transaction counts.
cityfalcon.com·15d ago
Hyderabad police nab 104 in cyber fraud crackdown
Representational Image Hyderabad, Feb 24 : In a major crackdown, Hyderabad Police dismantled a pan-India cyber fraud syndicate with the arrest of 104 fraudsters across 16 states. At least 32 special teams carried out ‘Operation Octopus’ over a span of 10 days, Hyderabad Police Commissioner V.C. Sajjanar said on Tuesday. Under the leadership of DCP (Cybercrimes) V. Aravind Babu, the police executed a coordinated operation against cybercrime syndicates operating across the country. The apprehended individuals are linked to 1,055 cyber fraud cases registered across India, involving a total fraud amount of approximately ₹127 crore, the Commissioner said in a statement. During the operation, the police seized 204 mobile phones, 141 SIM cards, 152 bank passbooks, 234 debit/credit cards, 26 laptops, 56 corporate/firm stamps and ₹36 lakh cash. The operation was carried out in Maharashtra, Delhi, Rajasthan, West Bengal, Karnataka, Uttar Pradesh, Gujarat, Haryana, Punjab, Andhra Pradesh, Assam, Madhya Pradesh, Bihar, Uttarakhand, and Odisha.
cityfalcon.com·1mo ago
Operation Octopus: Hyderabad police bust Rs 127 crore cyber scam network, 104 arrested
A Relationship Manager from Bandhan Bank was arrested for allegedly colluding with fraudsters in opening and operating fraudulent accounts
cityfalcon.com·1mo ago
Two Nigerians arrested in India for impersonation
Operatives of the police cybercrime unit in Gurgaon, India, have arrested two Nigerians for allegedly impersonating directors of Indian companies on WhatsApp to defraud unsuspecting employees. The police disclosed that the suspects deceived victims into transferring money into bank accounts controlled by the ring. In a report published by The Times of India on Wednesday, the cybercrime unit identified the suspects as Ojo Uyiosa and another Nigerian identified simply as James. The duo was arrested last Saturday after investigators analysed a suspicious phone number linked to the fraud. According to police findings, Uyiosa first arrived in India in 2014 on a student visa, while James entered the country in 2023 on a tourist visa. The suspects, working alongside other Nigerian nationals, allegedly posed as company directors and pressured employees to make urgent financial transfers, after which the proceeds were shared among the group. Investigators disclosed that about 10 lakh, equivalent to over N15m, was transferred into a Bandhan Bank account connected to the scheme.
cityfalcon.com·2mo ago
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