How you can withdraw cash from ATM without DEBIT CARD in India ICICI BANK & CANARA BANK

When you dont have debit card and want cash immediately during the night or you have been pick pocketed. Indian Banks have easy solutions for you which you can share with your friends in case of emergency or for friends who enjoy travelling.

Banks have their own names for this service which has instead promoting this service has not made people aware of this service.
ICICI bank call this service as cashless withdrawal and Canara Bank calls it as easy cash.

WITHDRAWAL WITHOUT ATM CARD

Follow these easy steps and withdraw cash without debit card  :

OPTION 1 : THROUGH NETBANKING

Step 1. Request for Cardless Cash Withdrawal at www.icicibank.com

• Log in to www.icicibank.com with your Internet Banking user ID and password.
• Register a recipient
  • Go to 'manage payee' section and select 'add Cardless Cash Withdrawal payee'
  • Enter recipient mobile number, name and address
  • Confirm recipient registration by entering Unique Registration Number (URN) received on your registered mobile number
• Create Cardless Cash Withdrawal transaction
  • Go to 'Transfers' section and select 'Cardless Cash Withdrawal'
  • Select an account to make a payment and select Cardless Cash Withdrawal recipient from the registered recipient list
  • Enter transaction amount
  • Authenticate transaction using your debit card grid
  • Your selected account will get debited

Step 2. SMS from ICICI Bank

• You will receive a unique 4-digit code on your mobile from ICICI Bank
• Please share the 4-digit code with recipient.
• The recipient will also receive a sms with a unique 6-digit code on their mobile phone from ICICI Bank.

Step 3. Cash withdrawal from ICICI Bank ATM by recipient

• You will receive a unique 4-digit code on your mobile from ICICI Bank. Please share the same with recipient.
• recipient has to visit a specified ICICI Bank ATM and enter the following details:
  • The recipient mobile number
  • The 4-digit code (as received by the sender)
  • The 6-digit code (as received by the recipient)
  • The amount to be withdrawn (in INR)
• Cash will be dispensed on successful authentication of all these four parameters. The entire amount needs to be withdrawn by the recipient as a one-time transaction.

OPTION 2 : THROUGH ATM ONLY

First Sender or Account Holder should follow below steps :-

Step 1 : Go to CANARA BANK ATM machine swipe your card and select main menu after putting ATM pin

Step 2: Go to easy cash and put value of not more than Rs. 5000 along with receiver's mobile no to whom you want to send money

Step 3: ATM machine will ask sender to put confirmation code which he will communicate to receiver on calling him on phone.

Both Sender and Receiver will receive SMS having pin and Sender has to send 

Now Receiver or person who wants to withdraw should follow below steps

STEP 4: Based on SMS received by receiver he can go to any other CANARA BANK ATM which has easy cash option on ATM on home menu. Click EASY CASH and punch his or her mobile no.
System will ask for two passwords confirmation code which will be told by sender on phone & pin which will come on receivers phone as SMS.
CASH will come out and sender will receive an SMS. 

NOTE : You can send easy cash to yourself as you need it in emergency during travelling if you lose your luggage. An easy cash is active only for 1 week and you can do maximum Rs 5000 in a day.
Only ATM with DEBOLD brand are enabled for EASY CASH. 

How to help your grand parents to submit Life Certificate sitting at home or abroad

If you have grand parents at home who are pensioners as ex-central government employees or state government employees, you can help them to submit life certificate to pension disbursing agency mostly which are banks in 99.9% cases.

Just follow few steps and you can help them submit life certificate from anywhere even from abroad to keep earning pension.
But first understand and know why life certificate are required to be submitted in month of November

Why you need to submit life certificate every year in month of November  ?

In order to keep receiving pension by the pensioner or family in case of family pension, he has to prove that he is alive and in healthy mental state.


Follow below steps and help them, do share with your friends to help their seniors.

STEP 1: 

Enrol Yourself

Download the PC/ Mobile application or alternatively visit the nearest Jeevan Pramaan Centre to get your self registered.
Provide necessary information like Aadhaar number, Pension Payment Order No(PPO No.)
Bank Account No., Bank Name and your Mobile number.

STEP 2: 

Aadhaar Authentication

Provide your biometrics, either a finger print or Iris and authenticate your self.
(Jeevan Pramaan uses the Aadhaar Platform for on-line biometric authentication )

You have to visit Jeevan Praman center to submit your finger print or eye scan in the month of November.

NOTE : Iris means eye scan which you have given while registering for Aadhaar

JEEVAN PRAMAN

STEP 3 : 

Access your Certificate

You can download a PDF copy of the certificate from the Jeevan Pramaan website by providing
the Jeevan Pramaan ID or Aadhaar number.

OR

Life Certificate.

After a successful authentication a SMS acknowledgement is sent to your mobile number including your Jeevan Pramaan Certificate ID.
The certificates are stored in the Life Certificate Repository for making it available any time and any where for the pensioner and the Pension Disbursing Agency(Banks)

STEP 4 (SHOULD BE DONE IN MONTH OF NOVEMBER)

Electronic Delivery

The Life Certificates can also be electronically delivered to the Pension Disbursing Agency, without any manual intervention.
(Pension Disbursing Agency can get in touch with our team, to enable the e-delivery facility )

For delivery of life certificate electronically you have to use bio-metric device which is available online which you can gift it to your grandparents. Sitting at home they can submit by scanning their registered finger. 

NOTE : Please mention full account no, full ppo no for convenient service from platform

REFER https://jeevanpramaan.gov.in for more information

CANARA BANK INTRODUCES REVAMPED NET BANKING PORTAL

CANARA BANK REDESIGN THEIR NET BANKING PORTAL FOR INDIVIDUAL CUSTOMERS

Above video will teach you how to login in CANARA BANK NET BANKING new portal for individual customers (NOTE: This is not applicable for corporate or companies.)

The video has step by step instructions.

If you face any issue call their toll-free no 18004250018.

How to verify FORM 16 A given by Banks for TERM DEPOSITS & View your 26 AS in Bank NETBANKING

Whenever you get FORM 16 A for term deposits from Banks, you can verify or do reconciliation yourself rather then wasting time with auditor as filing ITR is very easy these days. You can log on to Internet or any net banking of any bank, under taxes options you can see your 26 AS which will show Interest Rates punched by Banks with entries bank wise under your PAN CARD details. Apart from FORM 16 A you should take Interest Paid certificates from each bank, add all the interest in Interest Paid certificates and tally it with your FORM 16 A and 26 AS under different banks names.

Please see few snapshots of ICICI and CANARA BANK on how to see 26 AS in NETBANKING:-


CANARA BANK - Under Payments option, click on TAX Payments on left and You can click on View Tax Credit Statement option, it will open new window as shown in image II and you have to click I agree condition, then click on View Tax Credit (Form 26AS) .

After clicking View Tax Credit Statement option it will take you to new below window

In case ICICI NETBANKING Login go to PAYMENTS & TRANSFER and CLICK MANAGE YOUR TAXES.

Then Click View Tax Credit (Form 26AS) to view your Form 26AS. In the same way it will take you new tax window as above.

What does RBI says about KYC & Documents required to open Saving Bank Accounts

When ever you visit any branch of any bank, if the Branch Manager tells you that he cant open your SB account, then its time to remind him of RBI rulings which are communicated in Public Newspaper for last 2 years where any person can open account anywhere or transfer his account from one city in any state to city of his present residence.


You dont have to visit your home city and can raise request from present city if you dont want to open new account regarding transfer. But you have to surrender you old passbooks and cheques for time being till your account gets transfer to your selected city.


To open new account you should provide

1. Aadhar card or passport no
2. PAN CARD

To update present address you have to give normal declaration on piece of paper, instead of early days where person has to provide rent agreement copy.

RBI has given a long list of documents out of which you can any one document, but above documents are best among many in order to have quick free service from Bank especially when you apply for Internet Banking which will be explained in next post. 

LATEST STATE BANK OF INDIA INTEREST RATES WEF 8 JUNE 2015

Interest Rates for senior citizens in SBI enjoys 0.25 % above normal rates as mentioned above.

Premature withdrawals and pre-mature closure will be penalised by 1% in certain conditions.

In our next blogs we will post on premature closures in various banks and penalties involved. 

RELAXATIONS / CONCESSIONS FOR THE EMPLOYEES OF M/S MARUTI SUZUKI INDIA LIMITED UNDER HOUSING LOAN SCHEME AND CANARA VEHICLE LOAN SCHEME

                       GOOD NEWS FOR THE EMPLOYEES OF M/S

                MARUTI SUZUKI INDIA LIMITED

 M/S Maruti sujuki's employees will now enjoy the renewed special package under Housing loan and Canara Vehicle Loan Scheme.

HOUSING LOAN 

PURPOSE:-  Purpose of the loan shall be towards purchase of a ready builthouse/flat, construction of ahouse/flat, purchase of a site andconstruction of a house thereon/for undertaking repairs /additions/up gradation /renovationof residential house/flat.For taking over of the HL liability from HF Cos, Housing Boards and Commercial Banks (both publicsector and private sector banks)including SBI and its subsidiaries and foreign banks.

For repairs and renovations maximum eligible loan quantum shall be Rs 15 lacs.

QUANTUM:-  Higher quantum of loan upto 5  years gross salary with a minimum NTH upto 25% after EMI by the

respective sanctioning authority.For repairs and renovations maximum eligible loan quantum shall be Rs 15 lacs.

TO WHOM :-  Sanction of HLs under the package to confirmed employees with 3 years service. Wherever the age of the borrower is more than 55 years at the time of availing the loan, legal heir/close relative having sufficient  repayment capacity should join the loan. However, the entire loan with upto date interest is to be repaid within the maximum permissible repayment period of 30 years OR the borrower attaining the age of 70 years whichever is earlier.

MARGIN:-  Uniform margin of 20% irrespective of New/Old/House / Flat for loans up to

Rs. 75 lakhs. For loan amount above Rs 75 Lacs It is 25% (For Housing loans upto Rs.20 lacs in case of new

house/flat, margin of 10% may be stipulated in terms of HO Cir 315/2015)

REPAYMENT:- Entire loan together with interest including repayment holiday if any, shall be repaid in equated

monthly installments within a maximum period of 30 years from the date of disbursement or the borrower attaining the age of 70 years whichever is earlier.

PROCESSING CHARGES:-  Fully waived

RATE OF INTEREST:-   For loan amount upto Rs 75 Lacs- Base Rate i.e. presently 10.00% pa floating.

For loan amount above Rs 75 Lacs- Base Rate+0.20% i.e. presently 10.20% pa Floating.

(As per card rate).Loans under Can YAR/HNI /HL-CRE schemes ,the interest rates are as per the respective

scheme norms.

CANARA VEHICLE LOAN (Four Wheeler):-  

PURPOSE:  Purchase of New/ Used car

QUANTUM:-  A. Loan upto 90% of the total value inclusive of invoice value, life tax,registrationcharges,insurance premium and other accessories.

B. For 2nd hand vehicles/used vehicles, 75% of the appraised value.

TO WHOM :-  Loans under the package for confirmed employee  with basic pay of Rs.9000/- and above

MARGIN:-    A. 10% on road  price for new vehicles.

B. 25% for old vehicles.

REPAYMENT:-     A. 84 months for new vehicle.

B. In the case of old vehicles, the maximum repayment 

period is restricted to 5 years or the residual life of the vehicle whichever is earlier.

PROCESSING CHARGES:-  Fully waived

RATE OF INTEREST:-  Base Rate + 0.50% i.e. presently 10.50% pa floating (With respect to ROI, guidelines

issued from time to time may be taken note of.

GENERAL TERMS AND CONDITIONS FOR THE EMPLOYEES OF M/S MARUTI SUZUKI INDIA LIMITED UNDER HOUSING LOAN SCHEME AND CANARA VEHICLE LOAN SCHEME.

1. The borrower should be a confirmed employee of the company with requisite

service as per scheme guidelines.

2. Branches to ensure compliance of all KYC guidelines and due diligence

requirements of the applicants.

3. The maximum limits for the above loans quoted are subject to the income

/compliance of NTH norms and repaying capacity of the employees.

4. Salary Mandate as per format advised vide Ho Cir 262/2015 is to be registered

with the employer and ensure deduction of instalments from salaries of the

prospective borrowers directly by the employer.

5. Sanction of loans under the special package is as per the delegated powers.

6. For Canara Vehicle Loans, repayment to commence immediately after one month from the date of disbursement.

7. In respect of Housing Scheme norms.

8. The rate of interest shall be as per card rates only (floating).

10.In respect of take over of Housing Loan proposals, norms of take over to be

adhered to with due diligence in terms of 

11.All other terms and conditions as per Housing Loan Scheme and Canara Vehicle Loan Scheme norms to be strictly complied.

Time left to exchange Pre-2005 notes till December 2015 : RBI

             

            "Good Tiding :RBI has extended the date of                          exchanging the Pre-2005 banknotes"

Earlier the date of exchange was 30th june 2015 but now RBI has taken decision to extend it by 31st December 2015. As per the RBI protocols this will be applicable to all bank branches. Customers will get the full value on exchange of such notes and legal tender status will remain same. Customers are free to  use this exchange money for any type of transaction or payment.

So Everyone is advised to exchange their Pre 2005 bank notes including Rs 500 and Rs 1000 denominations before 31^st December 2015 and aware others also regarding this to avoid any type of inconvenience. 
RBI has instructed all Banks with following Dos & Donts
ANYONE can go to any Branch of any Bank whether he or she is customer to exchange any number of notes.

DOs

1. Banks should sensitize the members of public that the pre-2005 notes would continue to be legal tender. Banks should endeavour to organize note exchange melas in semi-urban/rural areas.
2. All denominations of banknotes issued prior to 2005 series have to be exchanged.
3. These notes must be freely accepted and exchanged by all bank branches from all members of public, whether customers or non-customers.
4. The process of exchange at bank branches should be started forthwith and undertaken as per the convenience of members of public.
5. The exchange of notes should be done free of cost.
6. The value of such notes may be credited in customers’ account, if desired.
7. The value of such notes payable shall be in terms of the RBI, Note Refund Rules, 2009.

DON’T

1. Banks should not place any restriction on the number of banknotes to be exchanged by a member of the public.
2. Banks should not issue pre-2005 series notes over the counter or through ATMs.
3. Currency chest branches should not refuse pre -2005 banknotes from their linked branches.

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LATEST FCNR RATES & RFC DEPOSITS W.E.F 01/JULY/2015 | INDIA

  

    Attention to all Indian citizens & NRIs, Interest Rates on FCNR & RFC deposits have been revised w.e.f 01/07/2015. 

     Now, it has been decided to revise the interest rates on FCNR [B] deposits with effect from

    01.07.2015 as under:

                                                                                                                           (PER ANNUM)

   Further, the revised interest rates on RFC Term Deposits and RFC Saving Bank deposits w.e.f.
   01.07.2015 are as under:

Calculation of interest/maturity value on RFC term deposits is as applicable to FCNR (B) deposits, i.e. on the basis of 360 days as one year irrespective of foreign currency in which RFC deposit is denominated

When you should give 15 H & 15 G | How to avoid Tax on fixed deposits

If you have high income and do not want to pay taxes on interest you are enjoying at higher rate on fixed deposits with any banks like State Bank of India, Canara Bank , Indian Bank or any private banks like ICICI, HDFC or Axis etc.


Following are TAX brackets currently in fiscal year 15-16:

1. Rs. 250000 for citizen of age below 60 years.

2. Rs. 300000 for citizen of age equal or above 60 years. (Senior Citizen)

3. Rs. 500000 for citizen of age above 80 years. ( Super Senior Citizen )

If you earn higher what is applicable in your case, then do not make yourself as first depositor, make a family number whose doesnt earn as first depositor in fixed deposit

Then submit 15 G or 15 H in her name to avoid taxes every year in month of april.

If your mother is housewife, make FDs in her name and make your self as second depositor or joint operator so that you can close it yourself any time.

DOWNLOAD 15H or 15G

NOTE: Next blog will be on when you should submit 15 G or 15 H during the year.