Insurance on debit card: Many banks like Kotak Mahindra Bank, Development Bank of Singapore (DBS) India, HDFC Bank, State Bank of India (SBI), ICICI Bank offer an complimentary insurance on debit card provided the cardholder has fulfilled certain conditions. Read here to know how the insurance on debit card mechanism works and how can nominees claim it if the cardholder has died.
In case an individual has not linked his/her PAN with Aadhaar by June 30, 2023 then in all probability it has got classified as inoperative by now. An inoperative PAN will have the same effect as if no PAN exists and it cannot be quoted anywhere where PAN is required to be quoted.
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Bank locker holders have been receiving SMS and emails from their banks asking them to sign revised locker agreements by the June 30, 2023. In a conversation with Moneycontrol, Puneet Kapoor, President - Products, Alternate, Channels and Customer Experience Delivery, Kotak Mahindra Bank explains why bank locker holders are being asked to sign a revised agreement and how this will make their lockers safer than before