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.

 

[SSV]

@S S V give me funding to open one

I don’t want it be in “Sri Krishna janma Sthala” for your fun !!

 

[Vasuki]

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

Placebo effect is the most important thing in this profession. I have that in abundance but it will become lesser after i see death on my bed

 

[prash1161]

I don’t want it be in “Sri Krishna janma Sthala” for your fun !!

I was about to build the best nursing home of this era
You just broke many hearts

 

[prash1161]

Bhai ke thread ko hijack krliya 🤣

 

[telescope]

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

Another faux pas? When Pakistan PM Imran Khan likened nurses to 'hoors'

Pakistan Prime Minister Imran Khan raked a controversy again by likening hospital nurses to "hoors" (fairies). The incident was just a few days back when Khan was speaking at a fundraiser event on Tuesday for the Shaukat Khanum Cancer Hospital in Karachi, Pakistan. As Khan recalled the event...

www.wionews.com

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[prash1161]

Another faux pas? When Pakistan PM Imran Khan likened nurses to 'hoors'

Pakistan Prime Minister Imran Khan raked a controversy again by likening hospital nurses to "hoors" (fairies). The incident was just a few days back when Khan was speaking at a fundraiser event on Tuesday for the Shaukat Khanum Cancer Hospital in Karachi, Pakistan. As Khan recalled the event...

www.wionews.com

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Doc want all hoooooooooooors alone

 

[moneyMaker]

Frequent FD Closer 🤔

Alag hi rewards programme chal rhe hai India main.

 

[Vasuki]

Another faux pas? When Pakistan PM Imran Khan likened nurses to 'hoors'

Pakistan Prime Minister Imran Khan raked a controversy again by likening hospital nurses to "hoors" (fairies). The incident was just a few days back when Khan was speaking at a fundraiser event on Tuesday for the Shaukat Khanum Cancer Hospital in Karachi, Pakistan. As Khan recalled the event...

www.wionews.com

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Don't expose 🥸

 

[financewizard]

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

View attachment 44583

Thanks for sharing this info. So there is no instances where bank freezes / penalize individuals for "playing" with the Deposits. The transaction just gets reflected in AIS, that's it right? 😇

 

[SSV]

Thanks for sharing this info. So there is no instances where bank freezes / penalize individuals for "playing" with the Deposits. The transaction just gets reflected in AIS, that's it right? 😇

Yes, but it will be reported only if total deposits cross 10L.
Advice: don't do exactly same amount and for same period,.. just mix the things up