Withdraw cash at Shopping Counters

Now you can withdraw cash at shops (point of sale). Yup one more gift from Reserve Bank of India to banking customers. When I was in US I noticed that we can have a cash withdraw (they called it cashback) at the sales counters while swiping my card. Till date there is no such provision in INDIA. But now Reserve Bank of India, on 22 July 2009 issued a notification which will enable consumer to take cash upto 1000Rs/day at sales counters.

Well this is indeed a very encouraging step for banks because this will increase accessibility to customers. As per the data published in RBI notification “As on May 31, 2009, number of ATMs and POS terminals in the country stood at 44,857 and 4,70,237 respectively”. So obviously consumers will have 10 times more accessibility to cash that before. One thing which is most exciting about this notification is the inclusion of term that “The facility is available irrespective of whether the card holder makes a purchase or not”. So, now this is upto the banks to do the due diligence and start the service.

Let`s have a look on RBI circular Text

Webpage
http://www.rbi.org.in/scripts/NotificationUser.aspx?Id=5184&Mode=0

PDF Format
http://rbidocs.rbi.org.in/rdocs/notification/PDFs/CWCI220709.pdf

The only thing which is not clear is about the charges. Will there be any charge or fee for using the service or it will be free as the use of ATM (Automatic Teller Machines).

Online Shopping will be more secured from August 2009

Reserve bank of India is taking serious steps to make our online shopping and transactions with credit cards much secure. Well I am little late to post about it but from August 1st 2009 ,as per RBI notification date February 18,2009 your credit card will not work online until you register it with “Verified with VISA” or “Master card 3D secure”. Actually it is nothing but providing an extra level of authorization to make the process more secure.

As per Reserve Bank of India,

It would be mandatory to put in place with effect from August 01, 2009:

i) A system of providing for additional authentication/validation based on information not visible on the cards for all on-line card not present transactions except IVR transactions (for which separate instructions will follow).

ii) A system of "Online Alerts" to the cardholder for all 'card not present' transactions of the value of Rs. 5,000/ and above.

3. Banks are advised to strictly adhere to the instructions and time discipline indicated in this circular. Non-adherence to the directives shall attract penalties prescribed under the Payment and Settlement Systems Act 2007 (Act 51 of 2007).

Please find the Reserve Bank Notification Here


No the question is, how to register for Verified by VISA or Master card 3D secure code?

It’s very simple to register for this extra level of protection and it is available Free of cost. You need to register your card with the Card issuing Bank on their website. For your convenience, I am putting links of main banks. Just click on the links and register your card. Few of the banks are taking your Internet banking password in place of “Verified by VISA or Master card 3D secure code”, but better to have a check.

* ABN Amro
http://www.abnamro.co.in/consumer/creditcard/secureCode.html?utm_source=mlrccsafe&utm_medium=mlrccsafeabnamro&utm_campaign=mlrccsafejuly

* Andhra Bank
https://cardsecurity.enstage.com/ACSWeb/EnrollWeb/AndhraBank/main/index.jsp?utm_source=mlrccsafe&utm_medium=mlrccsafeandhrabank&utm_campaign=mlrccsafejuly

* Axis Bank
http://www.axisbank.com/personal/cards/platinumcreditcard/CreditCard-Verified-By-Visa.asp?utm_source=mlrccsafe&utm_medium=mlrccsafeaxisbank&utm_campaign=mlrccsafejuly

* Citibank
https://www.citibank.co.in/ssjsps/ssindex.do?utm_source=mlrccsafe&utm_medium=mlrccsafecitibank&utm_campaign=mlrccsafejuly

* Deutsche Bank
https://www.dbindia.in/DeutscheBank/enrollment/newuser.jsp?utm_source=mlrccsafe&utm_medium=mlrccsafedeutschebank&utm_campaign=mlrccsafejuly

* HDFC Bank
http://www.hdfcbank.com/campaign/visa/visa.htm?utm_source=mlrccsafe&utm_medium=mlrccsafehdfcbank&utm_campaign=mlrccsafejuly

* HSBC Bank
http://www.hsbc.co.in/1/2/personal/credit-cards/secure-online-payment-services?utm_source=mlrccsafe&utm_medium=mlrccsafehsbc&utm_campaign=mlrccsafejuly

* ICICI Bank
https://www.3dsecure.icicibank.com/ACSWeb/EnrollWeb/ICICIBank/main/index.jsp?utm_source=mlrccsafe&utm_medium=mlrccsafeicicibank&utm_campaign=mlrccsafejuly

* Karur Vysya Bank
https://cardsecurity.enstage.com/ACSWeb/EnrollWeb/KVB/main/vbv.jsp?utm_source=mlrccsafe&utm_medium=mlrccsafekarurvysya&utm_campaign=mlrccsafejuly

* Kotak Mahindra Bank
http://www.kotakcards.com/kotak/cclive/support.html?utm_source=mlrccsafe&utm_medium=mlrccsafekotakbank&utm_campaign=mlrccsafejuly

* Standard Chartered
http://www.standardchartered.co.in/personal/credit-cards/en/3d_secure.html?utm_source=mlrccsafe&utm_medium=mlrccsafestanchart&utm_campaign=mlrccsafejuly

* State Bank of India
https://secure4.arcot.com/vpas/sbi_vbvisa/enroll/index.jsp?locale=en_US&bankid=6897&utm_source=mlrccsafe&utm_medium=mlrccsafesbi&utm_campaign=mlrccsafejuly

From 1st August 2009 onwards, after entering your credit card details at the time of making payment, you will be redirected to your bank's VBV / Master Card Secure authentication page where you will be prompted to enter the password defined by you at the time of registration. Upon successful authentication, you will be redirected back to the merchant.

So hurry up and register your card before 1st August 2009.

SMS BASED SERVICE FOR CHALLAN STATUS FOR TIN-NSDL

Tax Information Network (TIN) hosted by National Securities Depository Limited (NSDL) on behalf of Income Tax Department (ITD) gives you a facility to verify whether the banks have correctly uploaded the details of your tax deposit to ITD through SMS.

SMS based verification

The procedure for availing this facility is as under:

1. Send an SMS to 575758 with a message containing the word CSI followed by a space and CIN provided by the respective Bank at the time of making the Direct tax payment and the amount.

2. Challan Identification Number (CIN) consists of BSR Code of Collecting Branch (seven digit), Challan Tender Date (DDMMYYYY) and Challan Serial No (length less than or equal to 5 digit).

3. The amount is an optional field. If you provide the amount in the SMS you would get the confirmation whether the amount uploaded by bank matches with the amount paid by you.

4. Each of BSR code, Tender date, the challan serial number and amount should be separated by commas

For e.g., if the tax payer input “CSI 0510001,11032009,5,5000” where in

“0510001” is the BSR code of the collecting branch,

“11032009” is the Challan tender date,

“5” is the Challan serial number and

“5000” is the amount paid by the taxpayer.

The tax payer will get the information against which TAN/PAN the payment has been accounted with the confirmation whether amount entered is matched or not.

(This is an illustrative CIN, actual CIN should be provided in the SMS).

There will be special charges for these SMS. These charges may vary from one mobile service-provider to another. The charge structure can be obtained from the concerned service-provider.

Online Challan Status Inquiry

You can also get the status of your CIN from www.tin-nsdl.com under the section Challan Status Inquiry.

Easiest way to file your INCOME TAX return online ITR Free of cost

This year we have got a new update regarding online Income Tax Return Filing. This time Income Tax Department of India has changed or you can say relaxed few things in terms of online return filing.

(I can bet you can file your return in less than 20 minutes that too free of cost)

Now Here is the complete process with new updates-

STEP 1 :: Go to DIT (Directorate of Income Tax) Website here https://incometaxindiaefiling.gov.in/portal/index.do

Click on login if you are already registered
If you are not registered register yourself with your PAN CARD details.


STEP 2 :: As per your Return Filing criteria you can choose to fill ITR 1,ITR2, ITR3 or ITR 4

Check you correct return from this table https://incometaxindiaefiling.gov.in/portal/selectforms.do

STEP 3 :: Now select respective Excel utility file from this page https://incometaxindiaefiling.gov.in/portal/downloads.do and also download the instruction PDF for the same ITR


Note :: Before opening your Excel utility--

** Keep handy your Form 16 , Obtained from your employer and all your investment and earning details with you

** Enable macros in excel so that Excel Utility will work properly

** PDF help document to get help regarding various field in Excel utility

** Note your bank account details in case you are claiming any amount from IT Dept. Account no , MICR Code, Branch

STEP 4 :: Open the Excel Utility –

* Fill in details like Name and address (Preferably this will be your permanent address)

* Correctly fill your pan no and date of birth

* To select your Designation of Assessing Officer (Ward / Circle) follow the path http://www.incometaxindia.gov.in/ and get your office ward by selecting the state in top left menu

* Fill your income details from form 16 and calculate the tax as per help PDF

* Now if you are claiming some tax from IT dept then you need to fill your bank account details in sheet 2 along with other details

* In page 3, fill all your tax paid details and TDS details (Please note that UTN ie Unique Transaction Number is not mandatory to filled)

STEP 5 :: Check whether you have filled all the required fields and Pres validate button on tab 1,2 or 3 and go to 4th tab of Excel utility


STEP 6 :: Cross check all the details as per the Excel file


STEP 7 :: Now click on Print, if you want to have a printed required … But this is not required if you ask me…. This is just to have a check


STEP 8 :: Now generate XML by click the Generate XML button then Excel will generate the XML and save it in parent location of Excel file.

STEP 9 :: goto DIT website https://incometaxindiaefiling.gov.in/portal/index.do and login with your PAN card no and password


STEP 10 :: In left menu under Submit return select Assessment Year (AY 09-10) and select form name ITR1, 2,3 or 4. If you have Digital Signature then select the option Yes otherwise no for it.


STEP 11 :: on clicking the Next Button you will be asked to upload the XML file you have generated through Excel utility

On Successful Submission you will receive a copy of acknowledgment in your email. Now Just print the two copies of acknowledgment and sign it. Now you need to send these to Income tax office to the address mention in bottom of ITR5 through simple post only. In case you have filed your return with Digital signature then no need to send the acknowledgment copy ITR5.

That’s it.. You are a good citizen … you have filed your return

Poem Written by a SATYAMITE

Last month Satyam has sent so many people on Virtual Pool Plan. It may be a cost cutting Step for a company. Just remind those lovely days with the poem written by one of our friend

Wo mayfair ka bus stop, Wo Hyderabadi Biryani
Satyam ki life yaaron, ab ban jaayegi kahaani

Aao chalen ek bar phir, un dino ki yaad mein
Jab college se nikalkar hum, aaye Hyderabad mein

Nayi jagah, naye log, Wo pehli job ka excitement
Wo Joining, Induction, ELTP aur STC ka environment

Wo Training ka tension, Wo Assessment ke Dumps
Wo meetings Wo get-togethers, Wo Birthday Bumps

Wo pehli salary ka anokha intezaar
Wo ATM par logon ki lambi kataar

Wo roz roz ki timesheet, Wo kabhi-kabhi ka headcount
Wo Hyd Central ki shopping, Wo Brand Factory ka discount

Wo Outbound ke mazey, Wo Spotlight ka hungama
Wo dances, Wo skits, Wo music Wo drama

Wo training ka end, Wo ghar jaane ka delight
Wo bench ke kisse, Wo hamari pehli Flight

Bench pe overtime, Counter Strike ke liye
Un dina yaarun hum kitna mazan kiye

Wo Sindhi Colony ki galiyan, Wo sham ke nazare
Kuchh ko 2-member projects mile, kuchh reh gaye bechare

Wo Eat Street ki Raunak, Wo Necklace Road ki sair
Ab kya maza wahan pe, yaaron tumhare bagair

Sign in sign out mein bhi, khoob ki manmaani
Satyam ki life yaaron, ab ban jaayegi kahaani

Wo client ka project, Wo late night TT aur Carrom
Wo din Jab Onsite ke, sapne sajaate thhe hum

Wo roz sham ke samose, aur Wo Naarial paani
Kya mast din thhe, Zindgi kitni thi suhaani

Kisi ko shift allowance mila, koi hua retrench
Koi Onsite pe, koi VPP mein, koi 'Still on Bench'

Wo Rating/Appraisal ke loche, aur RMs ka atyaachaar
Wo boring hoti bench, Wo lamba hota project ka intezaar

Wo musibat ke waqt, Clients ka munh mod jaana
Wo ek-ek karke hamare, colleagues ka chhod jaana

Saari ye museebatein theen hamare hi time pe aani
Satyam ki life yaaron, ab ban jaayegi kahaani

Wo logon ka poochhna, “satyam mein kya chal raha hai?
Tech M ke aane se, kahan kya badal raha hai?”

In 2 saalon mein hum, kis kis daur se guzre
Kuchh sapne toote, kuchh reh gaye adhoore

Ab koi loan repay karega, to koi EMI bharega
Koi MS, koi MBA to koi shaadi ki tayyari karega

Bhool jaana mujhe, par rakhna ye nishani
Wo mayfair ka bus stop, Wo Hyderabadi Biryani
………………………………………………………………………………………………
Chaahe alag hon raaste, chahe juda hon manzilen
Bas yahi dua hai Khuda se, hum kabhi phir milen


Best of luck to friends .........