Reserve Bank of India on Friday commercial banks on savings accounts and term deposits of less than three months time period is given the option to pay interest . This means that the bank will be paying interest each month .
Currently If the three-month interest is Rs 300 then for one month bank used to pay less than Rs 100 for a month .Bank used to deduct some interest in name of early payment. But now owe them a full 100 .
This may create Economic pressure on banks to pay interest every month, but the advantage would be that they will be able to attract more deposits.

For using your debit card at retail outlets, you need to use your existing ATM PIN. This is as per RBI mandate. For every merchant transaction that involves payment through debit card — for example, shopping at a mall, payment at a restaurant or petrol pump — the debit card holder would have to key in the ATM PIN after the card is swiped at the handheld electronic device. The transaction will be validated only after the account holder keys in the PIN.This would be applicable across every merchant transaction in the country.


To increase security of card transactions. If entering a PIN is mandatory, then someone with a stolen card will not be able to use it for payment. The RBI has asked all banks to put in place measures to make card transactions more secure. The banks are looking to develop backend technology to enhance security. Till now Banks that have not introduced the system are in the process of doing so

EPFO india has done one of great job in terms of technology oriented facility and helped the people who switch there job often. This will sure reduce paper work and time.Now  It won't be a problem anymore, at least for a lot of us. The Employees' Provident Fund Organisation (EPFO) launched a transfer claim portal on October 2 that will allow you to file for EPF transfers online.

The new facility, which can be accessed through the EPFO website (http://epfindia.gov.in), promises to streamline the process of transferring EPF money as well as help avoid unnecessary delays. EPF subscribers had been finding the old method of filing paper applications cumbersome, inefficient and time consuming.To use this service at least one of your employers (current and previous) will need to have their digital signatures registered with the EPFO. Also, both your previous and present provident fund account number should be available in the EPFO database.
The website also has a 'View status of Transfer Claim' that lets you track the progress of transfer applications made online or using the paper route.

When it come to have Technology and Banking together then Private bank comes first .Axis Bank has innovative feature  of Instant Money Transfer (IMT) service for the Bank's customer.
IMT is an innovative domestic money remittance service that allows you to send money to a receiver only by using the receiver's mobile number. The receiver can withdraw money from an Axis Bank ATM with or without using a card. The receiver receives all the details required for withdrawal of the cash on his or her mobile phone You can use the service for any of these cases:-

• The receiver prefers cash
• The receiver needs money instantly / needs emergency cash

• The receiver doesn't have a bank account
• When you don't know the receiver's bank account details
• The receiver is not within easy distance (to deliver cash or send a cheque by hand)

An Indian resident,  who earn less than Rs 10 lakh a year and have not done any equity transactions before 23 November 2012, then you are eligible for investing under the Rajiv Gandhi Equity Savings Scheme (RGESS).
Under this scheme, first-time equity investors can invest up to Rs 50,000 in approved stocks and mutual funds and claim income tax deduction on 50 per cent of the amount under Section 80 CCG of the Income Tax Act. This is over and above the Rs 1 lakh limit under Section 80 C.
  
HOW TO INVEST:
To be eligible for investment under this scheme, you must open a demat account and designate the demat account for RGESS by submitting the duly signed 'Form A', which is available with brokerage houses.
You can invest in any of the eligible mutual funds or stocks in lump sum or in installments during the year in which the deduction is to be claimed. Though any amount can be invested through the demat account, tax benefit will be available only on an investment of up to Rs 50,000.

The investments under the scheme would automatically be subject to lock-in during the first year. From second year onwards, you can sell the units of securities if you maintain the minimum amount for which you have claimed income tax benefit. Failing to do so will lead to reversal of the tax benefit availed.

The tax benefit under RGESS is available only for one year. If an investor has claimed a deduction once, he will not be allowed any deduction under the scheme in subsequent years.

One can invest in non-RGESS stocks and mutual funds through the same demat account and those investments would not be subject to conditions such as the lock-in of the scheme.

If you invest on the last trading day of the financial year, you get a three-day grace period so that the securities get credited in the demat account and you can avail tax benefit under the scheme.

Google India is launched its Women Entrepreneurs on the Web (WeOW) initiative to help women entrepreneurs connect, grow their online presence and utilise Google products to launch and scale their businesses in tier-II and tier-III towns.

Women entrepreneur can  join this group to get access to training updates, interact with other WeOW members, and contact the WeOW team: http://www.womenentrepreneursontheweb.com/members
Any women entrepreneur can visit this website http://www.womenentrepreneursontheweb.com and signup  form and follow the instructions in the next screen to join the WeOW Members mailing list. Add our Google+ Page (http://plus.ly/weowindia) to your circles for access to training modules and notifications of hangouts and live training sessions.you can follow the updates of this community in GOOGLE+ at https://plus.google.com/104982808623113909525/posts . you can keep updates on Youtube as well at http://youtube.com/weowindia . If you want to keep update with latest update through mail then fill this form http://india.womenentrepreneursontheweb.com/signup

Also, bookmark this link http://go.womenentrepreneursontheweb.com for access to the training modules and add our Google+ Page (http://plus.ly/pooja) to your circles to get updates on live trainings and hangouts.

WeOW focuses on women entrepreneurs. "We tell them: 'Get your business online. We will build it for free'," says Rajan Anandan, managing director, Google India. Google estimates the number of women entrepreneurs in India at 1.3 million, more than any other country barring the US and China. "Imagine the impact these women can have on the entrepreneurial ecosystem. This is not just a diversity decision, but a core business decision," says Anandan.

Credit card/Debit card numbers means a lot . Let explore this .A credit card or debit card can anywhere from twelve to nineteen digits long. Most credit cards/debit card consist of sixteen numbers.

The First Digit ( It is called a Major Industry Identifier)

    1 and 2 are Airline cards
    3 – Travel and Entertainment
 ex. Amex
    4, 5 – Banking and Financial
    ex. Visa, Mastercard
    6 – Merchandising and Banking
    ex. Discover, Diners Club
    7 – Petroleum
    8 – Telecom
    9 – Misc.

Digits 2 to 6 (Issuer ID)

Although all Visa cards start with the number 4, the following 5 digits indicate which bank that issued the Visa card. Mastercards start with 5, Discover starts with 6. You’ll notice that some websites don’t ask you what type of card you have — they obviously know what the digits on the card mean.

Digits 7to 15 (Account ID)

The unique number that identifies your account

Digit 16 (Checksum)

This single digit is one of the most important ones on the card. Much like the last digit of a barcode, the sole purpose of this digit is to allow validation of the rest of the number. In other words, there is a mathematical relationship between the numbers on the card, so if the number is entered incorrectly, the card validator system can indicate the card number was entered incorrectly.

Inter-bank Mobile Payment Service (IMPS)

Now you can send/receive money using mobile number and an additional 7 digit MMID number. The benefits are multiple-Only Mobile Banking customers can remit money under IMPS. However, all customers can receive funds in their accounts using this Service.If you wish to receive funds through IMPS, please register your mobile number with the Bank and get 7 digit MMID. For receiving remittance, you will share your mobile number and MMID with the person sending money (remitter).

How to get MMID number?
All our mobile banking customers are issued 7 digit MMID for the primary account registered. For obtaining MMID for other accounts, they may visit the Branch and apply for MMID by filling up a form.
You can also generate MMID for all your accounts enable for Mobile Banking Service, through menu option- IMPS- Generate MMID. IMPS Merchant Payments (P2M - Person-to-merchant) service allows customers to make instant, 24*7, interbank payments to merchants or enterprises via mobile phone. IMPS enables mobile banking users a facility to make payment to merchants and enterprises, through various access channels such as Internet, mobile Internet, IVR, SMS, USSD.
The key features of IMPS merchant payments service are as follows:
· Instant Interbank fund transfer
· Merchant needs to get on-board IMPS network with one Bank. Customer of any Bank in the IMPS
       merchant network can make payment to merchant through IMPS
· Convenient and time-saving
· Anytime, anywhere service
· Safe & secure
· 24*7*365 availability Instant
· Instant confirmation to sender and receiver
Customer needs to be a mobile banking user of their respective Bank. Customer needs to do the following in order to get started:
· Register mobile number with the account in the respective Bank
· Get MMID. MMID stands for Mobile Money Identifier and is 7-digit number that is provided by Bank to customer. This number is used to identify customer Bank and is linked to the account number. The combination of mobile number and MMID is unique for the particular account, and customer can link same mobile number with multiple accounts in the same Bank, and get separate MMID for each account
· Get M-PIN. M-PIN is Mobile PIN, a secret password that is provided by Bank to customer. Customer needs to authenticate transaction using M-PIN
· Download mobile banking application or use SMS / USSD facility provided by the Bank. In order to perform IMPS transactions, customer needs to download mobile banking application or use SMS / USSD facility provided by the respective Bank
 · Perform transaction using mobile banking application or SMS / USSD facility

For more details  http://www.npci.org.in/impsmerpay1.aspx  http://www.npci.org.in/merchant.aspx

IMPS (Interbank Mobile Payment Service)
Information regarding participating banks on IMPS  http://www.npci.org.in/impsmerpay1.aspx
How to register your mobile number and obtain MMID for your respective bank http://www.npci.org.in/impsmerpay10.aspx
How to generate OTP for your respective Bank http://www.npci.org.in/impsmerpayotp.aspx

What is NFC?
NFC stand for Near field Communication which is next generation a wireless communication technology which allows users to simply wave or tap their phones over another NFC enabled device to exchange any desired information.

 This feature of NFC is  also used by shoppers to make payments through their mobile phones by simply bringing the phone within 10 cm of a hardware device used which is used for accounting. The technology makes use of electromagnetic radio fields to transfer data from your phone to the computer. All you have to do to transfer data is wave your phone in front of the store accountant’s computer. In order to work, both the devices involved in the data transfer need to be equipped with NFC.

For online filing of  e-tax return.get resister with your valid PAN card on https://incometaxindiaefiling.gov.in/
After registration follow these steps:



Step 1: On homepage of  https://incometaxindiaefiling.gov.in/ GO TO 'Downloads' section and select applicable Income Tax Return Form of the relevant Assessment Year OR Login to e-Filing application and GO TO 'Downloads'.'Income Tax Return Forms' and select applicable Income Tax Return Form of the relevant Assessment Year.

Step 2: Download the excel utility of the Income Tax Return (ITR).

Step 3: Fill the excel utility and Validate. (You can pre-fill the Personal and Tax Information in your Income Tax Return. To pre-fill, Login to e-Filing application and GO TO  Download Pre-filled XML to the desired path/destination in your desktop/system. Open the Excel utility (ITR) and click the "Pre-fill" button. This will require you to select the path/destination where you have saved the XML and click OK. The details will be uploaded into your utility. You may edit the tax details, if needed).

Step 4: Generate an XML file and save in desired path/destination in your desktop/system.

Step 5: LOGIN to e-Filing application and GO TO  e-File and Upload Return
Step 6: Select the Income Tax Return Form and the Assessment Year.

Step 7: Browse and Select the XML file
Step 8: Upload Digital Signature Certificate, if available and applicable.
Step 9: Click 'SUBMIT'
Step 10: On successful upload, Acknowledgement details would be displayed. Click on the link to view or generate a printout of Acknowledgement/ITR-V and send it to CPC, Post Bag No. 1, Electronic City Post Office, Bangalore - 560100 by Ordinary Post or Speed Post (without Acknowledgment) ONLY, within 120 days from the date of e-Filing.



Yet there is another option for taxpayer has the option of submitting ITR 1 by way of Uploading XML OR by Online submission

Step 1: Login to e-Filing application
Step 2: GO TO 'e-File'  'Prepare and Submit Online'
Step 3: Select the Income Tax Return Form ITR 1 and the Assessment Year.
Step 4: Fill in the details and click the SUBMIT button
Step 5: On successful submission, Acknowledgement detail is displayed. Click on the link to view or generate a printout of Acknowledgement/ITR-V Form.

If the return is not e-Filed with a DSC (digitally signed), an ITR-V Form will be generated. This is an Acknowledgement cum Verification form. A duly verified ITR-V form should be signed and submitted to CPC, Post Bag No. 1, Electronic City Post Office, Bangalore - 560100 by Ordinary Post or Speed Post (without Acknowledgment) ONLY, within 120 days from the date of e-Filing.
On receipt of the ITR-V at CPC, the return will be further processed and the Assessee will be notified accordingly by email or SMS

Government has made tax payment a convenient way to pay your income taxes using  nearest ATM. You don't need to fill lengthy forms or stand in queues. It will be available 24x7 and is also saves paper. Currently the scheme has been launched to Union Bank of India customers but it will be extended to other banks soon.

How does it work?
 1) For a Union bank  debit card holder, you will register at the bank's website
2)This site is in turn linked to the National Securities Depositories Ltd which will help validate the permanent account number (PAN) of individuals and the Tax Deduction Account Number (TAN) provided to taxpayers.
3)On successful registration you can go to the ATM (currently Union Bank ATM only) and access Income Tax menu
4) It will display his PAN number and ask for the tax amount that is to be paid along with item-wise details of any other amount the assessee may want to include in the tax payment.
5)Select the relevant challan no. and amount of tax, interest amount (if any)
6)On confirmation, the tax amount will be debited from the customer's account and the ATM will generate a receipt with a special number. After 24 hours, customers can log on to the bank's website, submit the special number and print a challan.

Individuals can make payments related to income tax, advance tax, self-assessment tax. If all your taxes are being paid through TDS and you don’t have anymore to pay then you need not worry it. A lot of people have to pay self assessment and advance tax by the end of every quarter. Presently they go to banks before the deadline, stand in queue, fill up relevant form and pay up the taxes.
 More banks are expected to follow this method soon.