Month: May 2018

What is Aadhaar Card KYC and E-KYC?

What is Aadhaar Card KYC and E-KYC?

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KYC Through Aadhaar: Aadhaar KYC is an online service that allows service providers to instantly access the necessary information of the individual. The service is also known as E-KYC. In this service, an individual can allow Unique Identification Authority of India (UIDAI) to disclose his/her personal information to specific service providers to avail instant access or connection. This includes various types of service providers such as Banks, Telecom companies, etc. What is Aadhaar Card KYC and E-KYC? Aadhaar Card KYC is a very basic but compulsory process required for mobile connections and in financial institutions. The Aadhaar card is a good way to complete this process as you do not have to provide multiple documents for each type of proof such as identity proof, address pro...
Good News for customers! SBI allows cash withdrawal through PoS machines, no charges applicable

Good News for customers! SBI allows cash withdrawal through PoS machines, no charges applicable

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Amid the ongoing difficulties of cash crunch being faced in various states of India, the country’s biggest lender, State Bank of India (SBI) has come up with an alternate and convenient method of cash withdrawal for its customers. The bank has said that it is now providing facilities of cash through ‘Cash@POS’ initiative. Under this, the debit card holders of SBI and all other banks can withdraw cash from PoS machines installed by SBI across various merchant locations. The bank has said that a customer can withdraw Rs 1000 in Tier I and Tier II cities whereas Rs 2000 can be withdrawn in Tier 3 to Tier 6 cities per day per card. Presently, the bank will not be charging any fees for these withdrawals. SBI has a total of 6.08 lakh PoS machines of which 4.78 lakh PoS machines are enabled to
Income tax e-filing: How to file ITR Form-1

Income tax e-filing: How to file ITR Form-1

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The e-filling portal for income tax returns (ITR) for the financial year 2017-18 or assessment year 2018-19 has been opened by the Income Tax Department for those who are eligible for filing the ITR Form-1 (Sahaj). People who can file the form are those whose income is up to Rs 50 lakh. Unlike last time, the ITR Form-1 (Sahaj) has undergone many changes. The form is applicable to residents of India. Before filling the ITR Form-1 (Sahaj), you should keep in handy details regarding Income from any source, such as property, salary, breakup of salary, etc. You would need to pay a late fee under fee u/s 234F if you miss the deadline. Ways to fill the ITR Form-1 (Sahaj): You can fill the form online or offline. Offline method: When filing the ITR Form-1 (Sahaj) form offline, you will ne...
SBI’s Instant Money Transfer Feature: Withdraw Money Even Without Using Debit Card

SBI’s Instant Money Transfer Feature: Withdraw Money Even Without Using Debit Card

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SBI has recently launched instant Money Transfer (IMT) facility for the customer. Now SBI account holder can instantly transfer money to any mobile number in India. On the other hand, a receiver can withdraw the money from ATM machine without using a card. Features, benefits and usage details of SBI Instant Money Transfer are given below. SBI Instant Money Transfer Features Transfer instant money to anyone anywhere anytime. Only name, mobile number and address of beneficiary are required by the sender. The beneficiary can withdraw money from SBI ATM with or without using ATM card. No partial withdrawal allowed to the beneficiary. An IMT created once cannot be cancelled. The service charge applicable for the IMT is Rs.25 per transaction at sender end. The minimum...
Aadhaar may become mandatory to book rail tickets

Aadhaar may become mandatory to book rail tickets

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Aadhaar has returned to haunt passengers of Indian Railway. As per latest reports coming in, senior Railways Officials have suggested that from now on, every ticket booked must be connected with Aadhaar. It seems that rising ticketing frauds is the reason for this suggestion. We are not yet sure whether this suggestion will be taken seriously or not. Will All Rail Tickets Be Linked With Aadhaar Now? A high-level committee of Railway Officials has strongly suggested that every ticket booked must be linked with Aadhaar. The officials from Centre for Railway Information Systems (CRIS) are right now visiting New Delhi for interrogating Salman Khan, the fraudster who was arrested this week for tatkal ticketing fraud. It seems that the suggestion to make Aadhaar mandatory has been rai...
What if you don’t complete your KYC for Paytm, and other wallets

What if you don’t complete your KYC for Paytm, and other wallets

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Paytm has clarified in a blog that users can continue to use the digital wallet app even without linking their Aadhaar or KYC process. "Paytm is also a commerce platform and we allow users to do any transaction using Credit Cards, Debit Cards, Net Banking & UPI in addition to Prepaid Wallet. Wallet is only required if you want to add money and spend from wallet," the company said in a new blog. How you can use Paytm without completing your KYC While Paytm highly recommends its users to link their Aadhaar with Paytm and complete KYC to unlock all features. Paytm users won't be able to use their Paytm wallets for sending money to others or to transfer money to a bank account. Digital wallet users after February 28 will have their limit reduced to Rs. 10,000 from Rs. 20,000 per m...
Flipkart Big Shopping Days Offers : 13 to 16 May 2018

Flipkart Big Shopping Days Offers : 13 to 16 May 2018

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After the resounding success of its action-packed Big Diwali Sale, Flipkart is back with yet another Big Shopping Days Sale; the Flipkart Summer 2018 Sale. Exclusively for Flipkart lovers, this fun-filled seasonal discount sale is all set to paint the upcoming festive season red. This Sale will present everyone the chance of buying and gifting clothes, electronics, smartphones, fashion accessories, and various other products to their hearts’ desire. So, get ready for the Flipkart Big Shopping Days Sale Offers period that begins on 13 May 2018 and extends to 16 May 2018. Here, you will get to grab manifold festive offers that promise to bring a lot of shine and smile into your life too. Just go for it! With the Flipkart Summer Sale just around the corner, its time you got your kiddies to
IRCTC E-Ticket Cancellation After Chart Preparation: TDR Filing Rules, Refund Policies, Others

IRCTC E-Ticket Cancellation After Chart Preparation: TDR Filing Rules, Refund Policies, Others

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IRCTC (Indian Railway Catering and Tourism Corporation) offers the facility of online TDR (Ticket Deposit Receipt) filing for cancellation of e-tickets after the preparation of Indian Railways reservation charts. According to the official website of IRCTC- irctc.co.in, users can use the online TDR filing for such cases and also track status of the refund case through tracking service provided by IRCTC. TDR filing is basically for the people who did not travel by train they booked the ticket. Indian Railways has mentioned few directions for TDR filing and the refund is processed only if those directions are applicable, mentioned IRCTC. (Also read: In Case Your Train Is Cancelled, Entire Booking Amount To Get Credited Automatically. Details Here​) 5 things to know about Indian Railways
Best Tax Saving Options for 2018-19

Best Tax Saving Options for 2018-19

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Which are the Best Tax Saving Options for 2018-19? What are the Best Tax Saving Options for Salaried for 2018-19?Financial Year 2018-19 already started. However, many of us sadly get up at the end to look for best tax saving options. Instead, it is always best to start tax planning for the first day of financial year. Hence, let us look at the options available. Tax Planning or Tax Saving is not a bad concept. But the bad concept is to invest JUST FOR SAVING TAX. Instead, you have to first identify your financial goals. Based on the time horizon of the goal, do the asset allocation between debt and equity. Within debt or equity, while finally investing, you may choose the product which also gives you an option to save tax. However, many of doing the reverse. We all in the aslee...
ICC World Cup 2019: Full Schedule, date and venue

ICC World Cup 2019: Full Schedule, date and venue

World
NEW DELHI: The International Cricket Council on Thursday confirmed the full schedule of the ICC Cricket World Cup 2019, which will be staged in England and Wales from May 30 to July 14. England will open the tournament at The Oval on May 30 when they will take on South Africa, while Australia will launch their title defence on June 1 against the ICCCricket World Cup Qualifier champions Afghanistan in a day/night match in Bristol. India, the 1983 and 2011 world champions, will play their first match on June 5 against South Africa at the Hampshire Bowl in Southampton. Their feature match against archrivals Pakistan will be on June 16 at Old Trafford in Manchester. The World Cup will span 48 matches in all, of which 45 will make up the group stage. Each team will play nin