Frequent FD opening and closures

[financewizard]

I have a friend who is working in a bank and he frequently asks me to put some FDs (with his employee code) and close it in 2-3 days for him to achieve his targets.

The amount is usually like 10k per FD 2-3 times a month. So month on month I am opening FDs worth 30k in different tranches and closing it in 2-3 days of opening.

Now I am concerned as I am not sure on how bank and IT department will look at these transactions in a longer run..

Can any banking experts let me know on the "threshold" after which the banks monitor / take action ?? Or are these transactions fine as I just book and close FDs from my savings account. - need some clarity.

 

[TheTrickySid]

I did 4.5 lakh fd yesterday via rm 🥸 .will close in 7 days .
Chill
Intrest earned is reported not . Closing & opening.

Kya offer Kiya rm ne is badle??

 

[prash1161]

Kya offer Kiya rm ne is badle??

Kuch nhi krte
Just classic dilwaya na uske badle bas ham mana nhi kar patte😅

 

[Vasuki]

Kya offer Kiya rm ne is badle??

What can he ? I closed my 20k hdfc cc recently .
Waiting for pre approved cc.
Loan ? I don't want
Car loan ! - planning

 

[prash1161]

Kuch nhi krte
Just classic dilwaya na uske badle bas ham mana nhi kar patte😅

@DocFixIt 4.5l flex krne ko vo post dala tha
I hope u know now 🤣

 

[Vasuki]

Kuch nhi krte
Just classic dilwaya na uske badle bas ham mana nhi kar patte😅

Yo he did classic in 5 min visit once even when i never met him
One signature & classic done
I was maintaining 5-10k hardly ever. In entire 3-4 year

 

[Vasuki]

@DocFixIt 4.5l flex krne ko vo post dala tha
I hope u know now 🤣

Arey arey 🥸 flex kya krna 😑
Amex ayega toh krunga kbhi

 

[prash1161]

Yo he classic in 5 min visit .
One signature
I was maintaining 5-10 hardly ever.

Thoda clear bolo muje nhi smjha

 

[Vasuki]

Thoda clear bolo muje nhi smjha

E d i t e d

 

[telescope]

Bhai , why do i even think that..
I m happy with my life 🥸

but I heard that you fantasise nurses

 

[SSV]

I have a friend who is working in a bank and he frequently asks me to put some FDs (with his employee code) and close it in 2-3 days for him to achieve his targets.

The amount is usually like 10k per FD 2-3 times a month. So month on month I am opening FDs worth 30k in different tranches and closing it in 2-3 days of opening.

Now I am concerned as I am not sure on how bank and IT department will look at these transactions in a longer run..

Can any banking experts let me know on the "threshold" after which the banks monitor / take action ?? Or are these transactions fine as I just book and close FDs from my savings account. - need some clarity.

I did 4.5 lakh fd yesterday via rm 🥸 .will close in 7 days .
Chill
Intrest earned is reported not . Closing & opening.

Total amount of FDs made in a Bank ( including all branches) in the name of one PAN account holder if exceeds ₹10L in a FY will be reported in AIS statement under SFT head

 

[prash1161]

Yo he did classic in 5 min visit once even when i never met him
One signature & classic done
I was maintaining 5-10k hardly ever. In entire 3-4 year

My rm now , he came to my home to open my account
After 20 days u told to get classic so i visited branch and he instantly told ki ok 1l maintain karna hoga i told hojayega and he did fd of 1l and I got classic

 

[Vasuki]

but I heard that you fantasise nurses

In my hospital & college we don't have good one sadly .
Will update you if i go Europe or usa 😂

 

[Vasuki]

Total amount of FDs made in a Bank ( including all branches) in the name of one PAN account holder if exceeds ₹10L in a FY will be reported in AIS statement under SFT head

Sad lyf .
Going into shell 🐚

 

[prash1161]

In my hospital & college we don't have good one sadly .
Will update you if i go Europe or usa 😂

What's the process to become doc?
I am on my way to get addmission

 

[SSV]

What's the process to become doc?
I am on my way to get addmission

Get admission in to what??
Anyway the process is:
Study well, pass all the exams and practicals, do slavery to senior doctors, hopefully not kill many patients etc etc … and at the end get medical board certification… 😉 😀

 

[Vasuki]

What's the process to become doc?
I am on my way to get addmission

Get admission in to what??
Anyway the process is:
Study well, pass all the exams and practicals, do slavery to senior doctors, hopefully not kill many patients etc etc … and at the end get medical board certification… 😉 😀

They don't let u touch patients individually untill 2-3 rd year of master in medicine.😂
Before that u only do iv & injection & monitoring

 

[prash1161]

Get admission in to what??
Anyway the process is:
Study well, pass all the exams and practicals, do slavery to senior doctors, hopefully not kill many patients etc etc … and at the end get medical board certification… 😉 😀

Kindly skip the study section

 

[Vasuki]

Kindly skip the study section

Open Nursing home .

 

[SSV]

Before that u only do iv & injection & monitoring

You can do that sacred moksha thing while performing the above duties as well , if you skilled enough …. 😉

 

[prash1161]

Open Nursing home .

@S S V give me funding to open one