Keeping your PIN safe is essential to protect your financial information: Never share your PIN with anyone Use a unique PIN that is hard to guess Change your PIN regularly Shield the keypad when entering your PIN Avoid writing or storing your PIN in accessible places Be cautious wh.....

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KYC compliance is of paramount importance for various reasons, ensuring the integrity and security of financial transactions.    Here's why being KYC compliant is crucial: Legal Requirement: KYC compliance is often mandated by financial regulatory authorities, making it a legal obligation. F.....

The NACH and ECS difference stands out especially when it comes to dispute management and the time taken for settlement. In addition, the amount of paperwork and rejection rate also differentiate NACH from ECS. To summarize, let us have a brief look into the difference between ECS and NACH.  Nati.....

In case you do not have a PAN card, you may face the following consequences, depending on your total earnings and taxable income.  TDS on salary will be deducted at 20% if you do not provide your PAN card number (provided your income is above the basic exemption limit). You will not be able to.....

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More About Payments & Other Credit Cards IMPS IMPS Fees & Charges IMPS Limit IMPS Timings IMPS Transfer NEFT NEFT Fees & Charges NEFT Limit NEFT Transfer RTGS Transfer NEFT vs RTGS vs IMPS RTGS Fees & Charges RTGS Limit RTGS Timings Kisan Credit Card Cu.....

While cash withdrawal at an ATM is simple, there are a few things you must keep in mind: Ensure that you are alone when withdrawing money from an ATM using your card. Do not disclose your debit card/credit card PIN to anyone. The amount to be withdrawn must not exceed the availabl.....

Know how to cancel an ACH payment or how to cancel ACH transfer seamlessly by keeping yourself updated regarding the cancellation or transfer to avoid any further hardships. ACH is the most reliable and safest mode of payment system. It is the most convenient as the fund is directly debited from you.....

The Reserve Bank of India (RBI) has set no maximum limit on NEFT transactions, and the minimum amount can go as low as ₹1. However, banks have the discretion to change and set the limit as per their policies and with the approval of their board.   Given below is an overview of the minimum and maxi.....

As per the set guidelines, there is no minimum limit on IMPS transfers. However, there is a maximum transfer limit via IMPS that varies from one bank to another. Here are the IMPS transfer limits of some leading banks. 1. HDFC Bank IMPS Fund Transfer Limit IMPS Money Transfer Limit Using Account N.....

Here are the banks that provide NACH services: Bank NACH Service Status Form Download State Bank of India Allows NACH services Yes Citi Bank Allows NACH services Yes HDFC Allows NACH services Yes ICICI Allows NACH services Yes NACH mandate form P.....

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Before you start using your card, you must activate it. Luckily, there are several ways of doing so: i) Activate Card via Net Banking Account You can activate your card by logging into your net banking account and selecting the ‘ATM card activation’ option available under ‘Card Services’. ii) V.....

The common challenges associated with each KYC type is mentioned below: 1. Challenges of Paper KYC This type of KYC faces the challenge of inefficiency and operational delays due to the manual nature of document verification. In addition to this, financial institutions have to bear the cost of saf.....

Below mentioned are some useful mobile banking tips that can enhance a user’s mobile banking experience: Update your mobile banking password at regular intervals Make sure your mobile banking password is not shared with anyone else Set a mobile alert that sends out notifications each time y.....

You can apply for an e-KYC by following a few simple steps given below. Step 1: Visit the official website of any KYC Registration Agency, bank, or fund house that offers the service. Step 2: Fill out the application form and choose among the OTP, biometric, and offline paperless KYC methods t.....

Registration for SMS Mobile Banking is a one-step process that can be easily done via any of the following ways: Activate the services by sending a request via SMS/calling on the respective bank’s phone banking number Registering by visiting your home branch Activate the services via cred.....

Banks provide various customer query resolution setups for issues related to RTGS transfers. Some of the options that you can utilise for your issues with RTGS transactions are: Customer care helpline number SMS service Chatbots Email services   Alternatively, you can also visit .....

As part of their KYC verification process, banks and other financial institutions typically require their customers to provide a cancelled cheque at the time of registration. A cancelled cheque, especially when it is not cancelled properly, can be misused.    You should never sign a cheque that .....

The differences between OTP, TOTP, and Static passwords are mentioned below- OTP TOTP Static OTP stands for one-time password TOTP stands for time-based one-time password (TOTP) Static refers to passwords that remain the same for multiple login sessions Temporary Temporary .....

At any point in time, post initiating money transfer through NEFT, you can track the NEFT transfer status by contacting your bank’s NEFT Customer Facilitation Centre (CFC). The beneficiary too can track the NEFT payment status by contacting their bank’s CFC. However, do note that you would need to p.....

To ensure that the customers availing the services are not involved in unethical financial transactions, banks and other financial institutions require you to submit certain documents. Presenting these documents is mandatory to establish your correct identity before making any transactions. The docu.....

Here are the crucial dos and don’ts of using credit card OTPs: Dos Don’ts Ensure that the website you’re submitting your OTP to is safe Do not answer emails that ask you for sensitive information Update your antivirus and firewall software Do not disclose your CVV, PIN, expiration .....

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Here is a quick look at all the taxability details on the components of salary slip: Pay slip components Taxable/Non-Taxable Basic pay Fully Taxable Dearness Allowance Fully Taxable City Compensatory Allowance Fully Taxable Special Allowance Fully Taxable Conveyance .....

With your payslip, you can quickly find out the amount of taxable income that you have earned during a financial year. The components listed in an employee salary slip can be categorised into three types based on their taxability: fully exempt, partially taxable, and fully taxable.   Here is a qui.....

To speed up the KYC process in banks, the Electronic Know Your Customer/Client, i.e. eKYC, process was introduced. eKYC allows you to complete your bank KYC online. You are not required to submit hard copies of your documents as you would for paper-based KYC verification.    Your identity is ver.....

If you already have a PAN card but only possess it in a physical format, you can apply for your e-PAN card using the steps outlined below.  Step 1: Visit the following link: https://www.onlineservices.nsdl.com/paam/ReprintDownloadEPan.html.  Step 2: Enter the details needed, such as your Pe.....

There are several important points to know while applying for a duplicate or reprint PAN card. Continue reading to learn more about them. If your PAN card is lost or stolen, file an FIR and attach it with your submission documents. You can pay for the duplicate PAN card through DDs, net bank.....

The PAN and Aadhaar are two unique ways of identifying an individual. The government of India has mandated that all individuals possessing both PAN and Aadhaar link them both before the due date of 31st March, 2023. There are many reasons why this mandate has been enforced by the government. Here’s .....

Actions to Take if You Notice That Your PAN Card is Lost or Misplaced Many establishments in the country require a PAN Card as proof of identity, which makes it important to you on a daily basis. A lost PAN card can lead to problems and confusion, especially if you do not remember our Permanent Acc.....

Like the NSDL, the UTIITSL is also authorised to issue PAN cards in India. If you have any queries regarding your PAN, you can contact any UTIITSL branch office or pay a visit to a UTIITSL PAN card office near you. Check out the contact details below.  UTIITSL Branch Office in Ahmedabad .....

The Income Tax portal has a dedicated facility that you can use to quickly check and verify your PAN card information. Here are the steps that you need to follow: Visit the Income Tax portal  Go to ‘Quick Links’ and click on ‘Verify Your PAN’  Type in the required details (PAN, your full na.....

You must provide certain documents with Form 49A  as you apply for a PAN Card. These consist of the following: Proof of identity  Pensioner card (with the photo of the applicant)  Any government-issued photo ID card Arm’s licence  Bank certificate  Driving licence  Passport  .....

A person or company is identified and connected to the appropriate tax legislation using one of the four fundamental categories of AO codes. Here is a brief rundown of them: International Taxation: It is for businesses or individuals requesting a PAN card who do not reside in India or have thei.....

You must be curious about how to download or check your instant pan card status now that you understand how to obtain one. You can do this with the aid of the subsequent steps. Step 1: Visit Income Tax India's official website. Click on the "Instant E-PAN" link listed under the ‘Quick Links’ sect.....

If you are not comfortable with online methods, you can visit your bank branch and request assistance to change your ATM PIN. Here is how you can do it: Visit the nearest bank branch with your ATM card and valid ID proof Request a PIN change form from the bank representative and fill in the re.....