Cheque is a prominent non-cash payment method in India for making payments and settling deals. Many developing economies are adopting digital payment solutions but as of now cash and cheque are world’s preferred payment methods. Therefore, one should know the, proper way to fill a cheque. If you don’t know the right way to write a cheque then someone may misuse your cheque for example if you don’t cancel the word “bearer” and you lost your cheque then anyone can cash it. In this post, I’ll be showing you how to fill a cheque and important points you should not avoid while writing a cheque.
Paytm is one of the RBI approved payments banks in India. Beside online shopping, bill payments, recharges, and top ups, Paytm has started providing online banking facilities to its customers. Now, Paytm customers can perform their banking activities like send or receive money, right from their e-wallet app.
In this tutorial, we’ll show you how to add money to your Paytm electronic wallet. After adding money to it, you can use that money to do online recharges, shopping and you can send money to your bank account also. Read on to know more. [Read more…] about How to Add Money to Paytm Wallet using ATM Card/Internet Banking
Digital wallets have been gaining popularity in India. Cashless payment systems could play a significant role in achieving targeted GDP growth by eliminating illegal way of cash flow and that’s why, Indian government emphasizes on the use of cashless payment systems. Apart from fund transfer, nowadays, you can use your electronic wallet to pay for your hotel bills, grocery bills, supermarket-shopping bills, and even to pay for auto rickshaw or taxi fare. Moreover, many roadside food stalls also started accepting payments electronically. These things certainly insist an individual to use e-wallets. [Read more…] about Top 10 trending and best mobile wallet apps in India
For our day-to-day purchases, we prefer to pay by cash because it’s secure and convenient. But, what if we need to send money to a loved one instantly who is living far from us or need to buy something but have not enough cash? Similarly, what if you’re at a place where your currency notes are not accepted or you spent all of your money extravagantly on a trip. A quite different scenario can also arise where your nation may announce demonetization of current currency notes, which currently happened in India (Indian government has announced the abolition of Rs. 1000 and 500 notes to deal with counterfeit notes menace), but you need money to fulfill your daily requirements. [Read more…] about 5 Types of Online Payment and Settlement Systems in India
More than 3.2 million debit card PINs have been compromised after a serious banking security breach. Many renowned Indian banks have been affected by this breach. The incident happened in such a time when banking sector, around the globe, is evolving at a very rapid pace and banks are encouraging customers to adapt online banking solutions. It is indeed that banks do their best to protect financial and personal information of customers but such security threats put question mark on banks’ security systems. [Read more…] about 32 lakh ATM cards compromised: Do it yourself and secure yours
To avail benefits provided by government schemes such as LPG subsidy, under Direct Benefit Scheme, your Aadhaar card number must be linked with your bank account. As you may already know that Aadhaar card contains our bio-metric and demographic data; which helps many institutions to verify someone’s identity. As per government of India guidelines, only consumers who have linked their Aadhaar card numbers to their bank accounts and LPG IDs will receive LPG cylinder subsidies. Therefore, if you’re not getting your LPG subsidy on your bank account then it might be due to Aadhaar card. In this post, we will show you how to link Aadhaar card number with Bank of India account online. [Read more…] about 3 Ways to Link Aadhaar Card Number to Bank of India Account