Banks Without Aadhaar Enrolment Centres To Face Fine From October

The UIDAI has given banks one more month to open Aadhaar enrolment centres in a stipulated 10 per cent of branches and will impose Rs. 20,000 as fine per uncovered branch after September 30, CEO Ajay Bhushan Pandey said today. The Unique Identification Authority of India (UIDAI), in July, had asked private as well as public banks to open Aadhaar enrolment and updation facility in one out of 10 branches by August-end.

Deadlines To Link Aadhaar With PAN, Mobile Number, Bank Account: A Checklist

Quoting of Aadhaar number - the 12-digit number given on the Aadhaar card - has been made mandatory for many essentials. These range from filing of income tax returns (ITR) to applying for a PAN or permanent account number to using a mobile phone connection. The government is moving ahead with linking Aadhaar with mobile SIM cards, according to a report by news agency Indo-Asian News Service (IANS). All mobile phone numbers or SIMs not linked with Aadhaar will be deactivated after February 2018, the agency said citing informed sources.

Government: Digital Transactions In All Co-Operative Banks By 2018

The National Payments Corporation of India (NPCI) on Monday said all co-operative banks in the country would be part of digital transactions by March 2018. “The Unified Payments Interface (UPI) ecosystem now covers all public sector undertakings and major private banks. We are in the process of extending the service for co-operative bank. All co-operative banks, which computerised their operation, would be part of digital transactions,” said NPCI Managing Director and CEO A.

Now Banks Accounts To Be Blocked: 10 Points

India had entered into an agreement with the United States for implementation of the Foreign Accounts Tax Compliance Act (FATCA) with effect from August 31, 2015. Bank accounts that were opened between July 1, 2014 and August 31, 2015 and are not in compliance with FATCA (Foreign Account Tax Compliance Act) provisions will be blocked. The Income Tax Department had set a deadline of April 30 for FATCA compliance for these accounts.

PF Money Transfer Becomes Easier. Here Is The New Rule

Retirement fund body EPFO’s subscribers are no longer required to file separate EPF transfer claims using Form-13 after changing jobs as it will now be done automatically. Now, at the time of joining new employer, the employees’ can give details of their previous EPF account in new composite F-11 form to give declaration about their details, a senior official said. Once the old EPF account details are provided in F-11 form, the funds will be automatically transferred by the EPFO to new EPF account, the official added.

SBI's New Rule On Minimum Account Balance, Charges Explained In 10 Points

SBI (State Bank of India), the biggest lender in the country, brings cheers for the 42 crore customers holding savings accounts in the bank by reducing its monthly average balance (MAB) requirements and charges for non-compliance. That means customers not maintaining sufficient balance in SBI savings bank accounts will now pay lower charges. In a press release, SBI said it has reduced the MAB requirement for metro cities and slashed charges for non-maintenance by up to 50 per cent.

Scammers are trying to get your Aadhaar details via calls, emails

Watch out! The scammers are out with a new set of tricks to swindle the gullible public. Curiously, the Centre’s directive to link the bank accounts with Aadhaar has apparently made these fraudsters more brazen. Their latest modus operandi is to seek details of the Aadhaar card from unsuspecting victims through phone calls and emails. Posing as bank executives or tele-callers, they call up potential victims saying, “The bank has decided to link your Aadhaar number with debit card for better customer service.

Using BHIM App Can Earn You Referral Bonus, Cashback

The BHIM-Aadhaar app will pave the way for making digital payments by using the Aadhaar platform. To push digital payments further, Prime Minister Narendra Modi has announced ‘cashback’ and ‘referral bonus’ schemes for using BHIM - Bharat Interface for Money - app. PM Modi said for every person you introduce to the BHIM app, you will get a cashback of Rs. 10. “If you refer 20 people a day, you can earn Rs.

e-facility to link Aadhaar with PAN launched

I-T Department asks people to ensure that the date of birth and gender in PAN and Aadhaar are exactly the same, to ensure linkage without failure. The Income Tax Department has launched an e-facility to link Aadhaar with Permanent Account Number (PAN), a mandatory procedure for filing IT returns now. The department’s e-filing website has created the link on its homepage. The link requires the PAN, the Aadhaar number and the “exact name as given in the Aadhaar card”.