Month: July 2018

If your password is on this list, you’re in big trouble

If your password is on this list, you’re in big trouble

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It’s possible that you have the wrong idea of who hackers actually are. They are sometimes portrayed in movies as nerdy teenagers, hiding in their parents’ basements, trying to guess your passwords. That is not typically how it is done. These days it’s more likely that dozens of hackers are working together in an office building somewhere. They try breaking into computer systems and ultimately take over your computer, demanding a ransom to give it back. Or they could try making a fast buck by selling your usernames and passwords on the Dark Web. Either way the end results are terrible for the victims. Unfortunately, some people make it easy on the hackers by using some pretty common passwords that are simple to break. If your password has made it onto the following list, you
UIDAI revokes e-KYC services for some e-wallets – More details here

UIDAI revokes e-KYC services for some e-wallets – More details here

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The Unique Identification Authority of India (UIDAI) had classified entities as local and global authentication user agencies when it came to accessing Aadhaar database. Now, based on feedback and security audits, it has been found that not all mobile wallets have the required security protocols to protect their database. This is the reason that 90% of all mobile wallets have been banned from accessing Aadhaar database, and now, they will have to rely on other means and sources to complete KYC of their users. UIDAI, the nodal authority on Aadhaar has issued a letter last month, which stated ” Some entities required to verify clients with Aadhaar number may not have the requisite security systems needed to use or store these numbers and have been precluded from the
Can We Use ATM To E-Verify Income Tax Return Through Electronic Verification Code

Can We Use ATM To E-Verify Income Tax Return Through Electronic Verification Code

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To facilitate the tax-payers, Central Board of Direct Taxes (CBDT) through a notification has allowed the verification of Income Tax Returns for Assessment Year 2015-16 electronically through generating EVC (Electronic Verification Code). If the Income Tax Returns are verified electronically, there will be no need to post physical copy of ITR V to CPC (Central Processing Centre) Bengaluru. WHAT IS EVC EVC (Electronic Verification Code) comprise of a string of character in form of a locator number that gives a unique identification to electronic documents. It works like OTP (One Time Password). EVC would be unique for an assessee PAN and will not be valid for any other PAN at the time of filing Income Tax Return. EVC would verify the identity of the person (verifier) f
7 things that WhatsApp ‘killed’ in India

7 things that WhatsApp ‘killed’ in India

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NEW DELHI: What started as a humble chat app and has now caused traditional mobile services and apps to nearly face extinction. The rise of WhatsApp has even threatened telecom operators with shrinking Average Revenue Per Users (ARPU). After the acquisition of WhatsApp by the social media giant, Facebook, the chat platform has expanded greatly to compete with almost all modes smartphone communication with it becoming the one-stop hub. Not to forget WhatsApp itself is the biggest competitor to Facebook's native Messenger app. While regulatory issues have prevented WhatsApp from going all out with its payments service in India, it has already started to be a big concern for mobile payments companies including Paytm, Mobikwik and even Google Tez. On the technology front, WhatsApp has come
Indian Railways passengers can now check train status on WhatsApp, here’s how

Indian Railways passengers can now check train status on WhatsApp, here’s how

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In a bid to enhance its services, the Indian Railways has partnered with MakeMyTrip to provide live status updates of trains through WhatsApp, which is currently the most popular instant messaging platform. Passengers can get updates regarding train timings, booking status, cancellation, platform number on which the train will arrive, by sending a request through WhatsApp. This will alleviate people's dependence to call on 139 to get train status. This is one of the many initiatives undertaken by the Indian Railways to improve customers travel experience. To avail this facility, passengers are required to save the number 7349389104 (via MakeMyTrip) on their mobile phones. When an update is required, they will have to send a specific train number on the afore-mentioned number through Wha...
No need to add beneficiary; here’s how SBI Quick Transfer service will help you

No need to add beneficiary; here’s how SBI Quick Transfer service will help you

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Although the idea of digital transactions is to save your time and bring flexibility in receiving and paying money, it is still time consuming in some ways. The only that takes time is to add beneficiaries. We are all aware that the moment you open your net banking portal, we have to add beneficiaries to transfer or receive payment, this is a one time process but still takes time as we have to wait for almost 30 mins to finally to carry financial operations with the other person. In a major good news! Largest state-bank lender State Bank of India (SBI) has introduced Quick Transfer service which helps you to eliminate the need of adding beneficiaries. SBI tweeted through its official handle saying, “Simplify life with the #QuickTransfer service that doesn’t require you to add a benefici
NEW PASSPORT RULES YOU NEED TO KNOW

NEW PASSPORT RULES YOU NEED TO KNOW

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Recently, the Ministry of External Affairs declared new rules for applying for a passport. And here we have rounded up some of the major changes that these new rules have bought in. DOCUMENTATION FOR PROOF OF BIRTH As per old rules, submission of a birth certificate was compulsory for all applicants born on or after 26th January 1989. But the new rules have bought in some relaxation in this regards. Now, any of the following documents containing the Date of Birth (DOB) of the applicant will suffice: Birth Certificate (BC) issued by the Registrar of births and deaths or the Municipal Corporation or any other approved authority to register the birth of a child born in India Transfer/school leaving/matriculation certificate issued by the school last attended/recognized e...
Free ATM Transactions, Monthly Limit, Charges: SBI Vs HDFC Bank Vs ICICI Bank

Free ATM Transactions, Monthly Limit, Charges: SBI Vs HDFC Bank Vs ICICI Bank

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  Major banks today permit their customers to make a certain number of transactions free of cost at ATMs every month. SBI or State Bank of India for example, currently allows its customers maintaining a monthly average balance above Rs 25,000 in the previous month unlimited transactions free of cost at its group ATMs. That means if you are an SBI customer and you maintain a monthly average balance (MAB) of more than Rs 25,000, you are eligible to avail this service. The country's largest bank also allows unlimited free transactions at ATMs of other banks to customers maintaining an MAB of more than Rs 1 lakh, according to SBI's website - sbi.co.in. Similarly, private sector peers ICICI Bank and HDFC Bank also allow their customers to make free transactions at ATMs every month und
SBI ATM Withdrawal, Cheque Book, Other Transaction Charges. Details Here

SBI ATM Withdrawal, Cheque Book, Other Transaction Charges. Details Here

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State Bank of India or SBI has revised its charges on various services like ATM withdrawal, cash transactions, issuance of cheque books, exchange of soiled notes and online transfer of funds through Immediate Payment Service (IMPS) with effect from June 1. India's biggest bank has clarified that customers of its mobile wallet State Bank Buddy will be charged Rs. 25 for every ATM withdrawal. SBI's app - State Bank Buddy - enables its customers to withdraw cash from ATMs using the bank's mobile wallet. However, savings bank accounts will continue to get eight free ATM transactions (five at SBI ATMs and three at ATMs of other banks) in metros and 10 free transactions in non-metros (five at SBI ATMs and three at ATMs of other banks), the public sector lender added. The limit of four ATM wit
Delay In PF Claim: How To File A Complaint With EPFO

Delay In PF Claim: How To File A Complaint With EPFO

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Retirement fund body EPFO has an online system using which its users can file a complaint if they face any trouble related to their provident fund (PF) claim or any other service relating to their PF account. EPFO subscribers can register their grievance online at a dedicated website, epfigms.gov.in and also track the status of their complaint online. EPFO will address your grievance within 15 days. Last year, EPFO had reduced the stipulated period for settlement of various claims such as PF withdrawal to 10 days from 20 days earlier. However, EPFO has cautioned that user’s grievances will only be entertained if the member’s Universal Portable Account Number (UAN) is given along with the complaint Here is how to register a PF related complain online: 1) Visit EPFO’s website epfigms.gov