Aadhaar-based MicroATMs offer card-less, PIN-less banking

The Unique Identification Authority of India (UIDAI) has launched Aadhaar-based MicroATMs to facilitate card-less and PIN-less monetary transactions in the country. With MicroATMs, users can access basic banking services solely through their Aadhaar number. This primarily allows India’s rural populace to seamlessly carry out digital transactions without having to own a credit or debit card. Aadhaar-based MicroATM is a complete, end-to-end payment solution Aadhaar-based MicroATMs are basically modified POS (point-of-sales) machines that a bank representative (or bank MITR) carries to enable doorstep banking services. Through it, customers can perform basicRead More

SBI Platinum Card: 10% Reward Points On Railway Bookings

Indian Railways’ ticketing arm (IRCTC: Indian Railway Catering And Tourism Corporation) offers a platinum card in collaboration with the country’s largest lender (State Bank of India: SBI) that enables you to save while booking the train tickets, buying petrol at petrol pumps, and making purchases at departmental stores. The IRCTC SBI platinum card enables you to earn 4% of the value back reward points. The total number of value back reward points on the IRCTC SBI platinum card jumps to 10% when the train tickets are booked in an air-conditioned train.Read More

How To Avail Airtel Rs. 2,600 Cashback On Amazon Exclusive Smartphones

Bharti Airtel has joined hands with Amazon India to offer 4G smartphones starting at an effective price of Rs. 3,399. Customers purchasing an exclusive 4G smartphone from Amazon.in – called ‘Amazon Exclusive’ smartphone – will get a cashback of Rs. 2,000 from Airtel over 36 months and an additional Rs. 600 on recharges of Rs. 169 on the e-commerce website. The offer is applicable on more than 65 Amazon.in devices from brands including Samsung, OnePlus, Xiaomi, Honor, LG, Lenovo and Moto, according to a press release from Bharti Airtel. To avail the Rs. 2,600 cashback, customers will be required toRead More

SBI Credit & Debit Card Offers May 2018 : Online Coupons

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These SBI debit and credit card offers of May 2018 are tailor-made for those who love to shop till they drop. Why don’t you try them out for quick savings and the best returns? SBI Bank offers are back with a bang and the most exciting offers ever. With a plethora of discounted deals and offers to choose from, online shoppers are bound to be spoiled for choice. If you are one such avid shopper who also happens to be a SBI card holder, then, you are in for theRead More

How to Get your Bank balance, Mini statement, transfer balance without internet

Previously we posted regarding ‘How to get the balance for all the banks by just giving a missed call’,Hope you enjoyed it a lot and have started using it ,Today we are introducing another service for bank users,where you can use the banking services without any internet or app. This service can be very useful for us ,we can easily transfer our funds,get the balance or mini statements ,the best thing is that all this happens offline without internet,you can also know your account number easily from ‘balanceinq’ option. To availRead More

Good news! Cheque book issuance, ATM withdrawals likely to remain out of GST ambit

Free banking services like cheque book issuance and ATM withdrawals is likely to remain out of the ambit of the GST, a senior finance ministry official said. The Department of Financial Services had approached its revenue counterpart to clear the confusion over the levy of Goods and Services Tax (GST) on some of the free services offered by banks to their customers. “The revenue department is likely to tell the financial services department that GST will not be levied on free banking services,” an official told PTI. Amid banks gettingRead More

Employee Stock Option Plan: All you need to know about ESOP and its tax implications

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You must have heard the stories of many drivers, office assistants and secretaries working with Infosys becoming millionaires. This could become possible owing to a system of making such stakeholders as stockholders of the company by granting them what is generally known as ESOP (Employee Stock Option Plan or Employee Stock Ownership Plan). Here we are talking about the various aspects related with ESOP. What is ESOP? ESOP is a system under which the employees of a company are generally given the right to acquire the shares of the companyRead More

Voter ID scam: Police arrest 3, look out for 10 more persons

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Even as the Election Commission of India postponed the elections at the Rajarajeshwari Nagar constituency, the police have arrested three persons in connection with the voter ID cases. The police arrested Chinna Tambi, Chinna Dorai and Sharavana. Police officials said that a hunt is on for another 10 persons allegedly linked with the case. City police commissioner T Suneel Kumar told reporters that MLA Munirathna was named as an accused as water bottles found in the flat bore his picture. “We will secure all the accused and will question theirRead More

Up to Rs 100 GST discount on digital payments plan

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The five-member GST committee led by Sushil Modi has put the proposal to offer discount up to Rs 100 on applicable GST for the cheque and digital payments in all B2C transactions on hold until the next meeting as some members raised concerns on using the GST as a tool to incentivise digital transactions, CNBC-TV18 reported quoting sources. Sushil Modi said that one more meeting is required to calculate the loss and gains of incentivising the digital transactions. The revenue loss could be up to Rs 25,000 crore, the news channelRead More

RBI regulations create roadblocks for peer-to-peer lending companies

Finding alternative sources of investment is picking up as a phenomena in India. With limited venture funds and resource capital available, entrepreneurs and businesses are being compelled to seek out different avenues of funding such as peer-to-peer lending (P2P) for their operations. Looking at the advent of this online industry and its potential impact, regulatory bodies like SEBI and RBI are having to address this industry. While SEBI has made the first move, and is working on establishing regulations for the unregulated crowdfunding sector, RBI isn’t too far behind, and has published a discussion paper, based onRead More