Year 2015 is now only a few hours away. In the New Year at the level of utility and technology are going to be many changes. Many new things are coming. They ease the difficulties of our life. Initiatives to reduce the discomfort and make life simpler is always ongoing process. Here I have tried to summarized some of happening of 2014 then will some way down the line help common people.Some of expectation may or may not get complete.

1) GAS connection

Until now it was: If you had to surrender the city replaced the old agency cylinder. Transfer voucher was made. He would give other city agency. There cylinder was again allotted.

Now it would be if the company is the same, the city does not need to change Haegi transfer. Empty cylinder will give new cylinder. 5 kg cylinder distributor get shorty. The larger cylinder should not be able to take the year 36 Shorty cylinder.

2) LED Bulb in Rs 10

The central government to control electricity demand in the Goverment will provide  Rs 400 LED  in just Rs 10

This project will get started in 37 million households in the three districts of Andhra Pradesh . Together with the center and state governments buy these bulbs give them to the public at subsidized prices

3) Smart Gadgets

- Intel is working on a laptop to wireless charging.
- 3D camera will come with a creative desktop. The screening will be a 3D object. It will be helpful in designing creative. The camera will measure the distance from the object.
 - Intel will bring software that will read the biometric sensor on-board. Giving thumb impression you can directly log on laptop and email.
- Windows will launch in May with -10 Cortana feature. Cortana's Intelligent Personal Assistant. It will operate many things with your voice
-Camera maker Kodak will launch 4G Phone.
- Samsung smartphone will offer folding screen. The smartphone market trend will change.
- Apple,Lenovo and HTC will present its iWatch and  Smartphone. Many companies will bring new gadgets with such variation

4) Online Driving Licence 

Motor Vehicle Act to amend the country will end the current system of the RTO. Under the new system, the whole process of getting a driving license and a permit will be online. And the license will be test driving simulator. Will eliminate corruption and delay. Bring transparency.

   350 e-toll on National Highway
-All 350 e-toll on national highways will start. The government will save Rs 27 crore. 7 thousand crore in the line of vehicles belonging to the fuel left to burn. Payment will be toll from punch cards to save time.

5) Easy  Banking
Debit Card EMI: ICICI Bank has a beginning. Other banks are on track to do the same. So far, the amount of the credit card after the purchase was EMI option to convert.

Fund Transfer: Kotak Mahindra Bank has launched a Facebook-based fund transfer scheme. It is not necessary to send or receive money to the bank account holder. Other banks are going to start in the new year are Interbank Mobile Payments Service.

Secure Transaction: many banks engaged chip debit card holders in 2015 and aims to provide a credit card with photo. This will secure your transactions.

6) Wi-Railway Station
After the New Delhi railway station, 75 new cities will start Wi-Fi. This widens the 400 railway stations. The first 30 minutes will be free Wi-Fi. After 30 minutes will be charged Rs 25 and Rs 35 for 60 minutes.

- Delhi-Agra  High Speed Moving Track has been successfully tested in 2014 Express. It is the distance between Delhi and Agra holds 105 minutes. Now in 2015 this will hopefully get implemented.

7) Mobile Technology

800 Two-tier cities will be  4G facility having speed  between 16 and 18 Mbps. This speed will be three times higher than the 3G. 1.5 million new subscribers is expected join.

- As a result of broadband and 3G Internet rates will be cut from 30 to 40 per cent.

- Increasing demand for 4G-enabled smartphone. This 3G enabled phone can reduce prices by 30 per cent

-Mobile Number Portability  facility may get implemented for INTER CIRCLE by 31 March 2015.

8) Heath 
-The world's largest health insurance scheme will be launched in India. Every citizen will feature

either a card making every hospital like Mediclaim free treatment will be provided. So far, 14 states have agreed to the plan.
-More generic medicines store will get open in district hospitals, stores will open at ESIC hospitals and railway stations.

Ebola vaccine
-African Countries killer disease Ebola vaccine will get started. GlaxoSmithKline is the clinical trials. The first vaccine will be available in African countries.

9) Smart City

Smart City will be the first case. However, Microsoft's technical services provided to the public via a project that will scale.

10 ) Labour 

 -Mandatory deduction of 12 per cent from salary may be exempt from the electives. A bill drafted by the Ministry of Labour has taken. This will benefit those, who want full salary without any PF deducation every month.

- Universal for PF account number with the trust account after starting the transfer of non-trust PF institutions will also be online. In July of non-trust transfers in trust accounts has already begun.

-Minimum wages may rise to 15,000

11) Passport 
Passport will eight days instead of three days. Passport will be made in three days. If the address is
not changed if the police verification will not need renewal. E-Passport Service will begin a six-year delay. Everything will be online.

12) Election

  Voting: Indian embassies abroad can provide EVM machine. For  NRIs  for proxy voting will be provided.They  can assign any other person to cast their vote. Voting will also provide immediate visa to visit India
OCI & PIO card will now merge into single card from 7 January

Government in the new year is planing for a great gift . The government planing  is to have national monthly salary of Rs 15,000 in formal and informal sectors is considered a
45 economic activities  under the Minimum Wages Act of 1948  included in the Act. Then the Act was implemented in the states. Under this  Act  1600 may include economic activities.

Government is likely to amend Minimum Wages Act, 1948, and  is too soon to call a meeting of the States. The meeting will be asked for the opinion of all the states. This issue has already been a  ministry committee is already working. This initiative is a consensus on the central government to the states to decide the value of the minimum wage for workers.

If this step is successful, the government under the National Minimum Wage Act, the minimum wage in the formal and informal sectors will be Rs 15,000 employees (more than double) . Currently The minimum salary is just Rs 4645.

From 1st Janurary LPG subside will get directly credit in consumer bank account ,So it time to verify whether you bank account is connected to Aadhaar  number or not. If you have already submitted Aadhaar number to Bank so please verify using this method. If it dosnet work Please take visit Bank and have inquiry.

To find out whether your Aadhaar  number associated with your bank account or not, the consumer can dial * 99 * 99 # on your mobile dial, next enter the base number of 12 digits and then click OK. If the Aadhaar number is correct to confirm Dial 1. There will be message wheter your aadhar number is connected to any bank account of not.

IF card is connected to bank then there will be message will tell you when your Aadhaar  card number has been link which bank card.

Further I would like to inform you since it is NUUP (National Unified USSD Platform) based service  I am not sure whether all Mobile opertor will have this facility .To know which Operator currentlky support NUUP (National Unified USSD Platform) visit this link http://www.npci.org.in/pro_pb.aspx

Jeevan Pramaan is computer generated digital life certificate for pensioner. Jeevan Pramaan Certificate is produced for individual pensioner using his Biometric Credentials.Pensioner needs to know and provide his/her Aadhaar Number, PPO Number, Bank Account number and branch detail, Name, Address etc .For this certificate individual pensioner has not to present himself/ herself in front of seniors authorised Officers. This can be generated even from home. Only you need a internet connection and Biometric devices or else visit your nearest Citizen Service Centre or designated Offices  and get your self registered. (details available on site using locate a centre link) Pensioners can use Android / Windows PC based application available for download at jeevanpramaan.gov.in portal and may register from any location but he/she should have biometric device connected to phone or Laptop. Individual has to register once and later he can generate Jeevan Pramaan using Biometric authentication.

To access Jeevan Pramaan web site at https://Jeevanpramaan.gov.in or http://lifecertificate.gov.in and find the centre using “Locate A Centre” option or alternately you can send SMS to 7738299899, the SMS body must start with keyword “JPL” and after space write you pin code e.g.SMS: JPL 110003 to 7738299899 .The Portal Reply message will have list all centres where you can visit for Jeevan Pramaan.Any Pensioner having pension account in Bank/Post Offices can go to CSC for the certificate. Any Central Government Pensioner having pension account in Bank can go to District Centre of Delhi. But Central Government Office Centres may be visited by their respective office Pensioners only.

How to get Life Certificate Online

There are three ways to register and get a Jeevan Pramaan

• visit your nearest CSC centre and register online using CSC services and you may have to pay nominally for this
• visit a Designated Office and register yourself
• Download the application & install on your android based smart phone/tablet or Windows PC/Laptop and register yourself (you will need biometric device for this step)

The Jeevan Pramaan Client application currently supports the Mantra & Morpho finger print scanner and Iritec Iris scanner for use with the software. Supports for other devices are being added and will be updated in the website download section. The Jeevan Pramaan software upgrades over the air, therefore for new functionality software will not require re-installation.

Pensioner’s information like Pension Aadhaar number, Pensioner Name, PPO Number, Bank Account detail, Address, Mobile number etc are fed into the system though web based / client interface and finally pensioners person information are authenticated using the Aadhaar number and pensioner has to put his finger on to the finger print scanner or eye on the Iris scanner.
After successful authentication, Pramaan ID / the transaction number is displayed on the screen and same has is sent to Pensioner’s mobile as SMS from the portal.
The portal generates Electronic Jeevan Pramaan for the successfully authenticated pensioner and it is stored in the central Life Certificate Repository database.Digital Life Certificate is a valid certificate and recognized under the IT Act. The system benefits the pensioner from having to go before the Pension disbursing Authority to prove that he/she is alive. It is free for the pensioner. Individual has to register once and later he can generate Jeevan Pramaan using Biometric authentication.
The disbursing Bank can access and get the Jeevan Pramaan certificate from the portal for his pensioners though the electronic data transfer mechanism created between the portal and Bank server.
Pensioner has to inform to the Bank that his Jeevan Pramaan has been generated through online registration from Jeevan Pramaan portal.

Kotak bank has once again started intresting way of fund transfer " Mail Money service", you can send money to a beneficiary by just knowing his/her email ID and mobile number. You don't have to register beneficiaries. You don't need to know beneficiary's bank, account number, IFSC etc.Currently, this service is available on Kotak Net Banking Log in to Net Banking --> Banking --> Transfers and Payments -->Mail Money. You can cancel Transaction by using the 'Cancel Transaction' option in Internat Banking The transfer request can be cancelled till the time the funds are not debited from your account.
Existing charges if applicable for NEFT/ IMPS will be levied as per General Schedule of Features and Charges (GSFC).You need to be registered for Net Banking with unconditional transaction rights. Service is available for individual customers only.
How if Works
Enter the beneficiary details like name, email ID, mobile number and payment amount. 2 OTPs will be generated and shared through SMS - one will be sent to you and the other to the beneficiary. The beneficiary will receive a mail from Kotak Mahindra Bank with the redemption link. Beneficiary needs to enter both the OTPs and then enter his/her account details to receive the amount.OTP will expire 7 days from the payment date.You have the option to re-generate the OTP. A new link and OTP will be sent to your beneficiary email ID, along with a new OTP sent to you, which you need share with the beneficiary.

Use the 'Re-generate OTP' option in Net Banking. A new link and  new OTPs will be generated. The link will be emailed to the beneficiary on the email ID provided by you.
After Beneficary recives link and OTP  a beneficiary has to input the details for the bank account where he/she wishes to receive the money. The beneficiary account can be with any bank. Beneficiary will need to enter IFSC code, Bank Name, Bank account details and submit the request. Beneficiaries having a Kotak Bank account will only have to enter the Bank account details. The transfer request will be executed via fund transfer modes like NEFT/ IMPS.Funds will be debited from the remitters account as per the payment date requested by him. The transfer request will be executed via NEFT/ IMPS (Immediate Payment service). If the beneficiary bank participates in IMPS, the transfer will be executed immediately; otherwise it will be processed in the NEFT clearing cycle. The transfer is subject to sufficient balance in the debit account at the time of execution of request.

Limit of Transaction
     Rs. 10,000 per transaction and
    Rs. 50,000 per day

Features of Mail Money
     Mail money by just knowing the email ID and mobile number of beneficiary
    No beneficiary registration required
    Beneficiaries can choose to deposit the money in the accounts of their choice
    Schedule transfers for the next 7 days
    Option to cancel the payment till the time the transfer is not done
    Regenerate One Time Passwords (OTPs) if sender or beneficiary forget or misplace them
    View transaction history
    Triple security through passwords (OTPs) sent to both sender and beneficiary mobile numbers and redemption link sent to beneficiary's email ID
    OTPs auto expire after 7 days of payment date mentioned by customer
    Alerts sent to both sender and beneficiary

NUUP (National Unified USSD Platform) is a mobile banking service provided by NPCI (National Payment Cooperation of India) which works on the USSD technology. Customers can avail of basic mobile banking services of various Bank just by dialing the short code *99# from their mobile phone, irrespective of the telecom service provider, mobile handset capability or the need for a mobile internet plan.

USSD (Unstructured Supplementary Service Data) is a transmission protocol used by GSM cellular telephones to communicate with the Telecom Service Providers (TSP). Though similar to Short Messaging Service (SMS), USSD messages however create a real-time connection which remains open, allowing a two-way exchange of data.You need to first register yourself for the Mobile Banking Channel and ensure that your current mobile number is also updated with the Bank.

On dialing the short code *99# you will be first prompted to input the bank's IFSC code i.e. IBKL or SBIN/BKID after which an interactive menu with various banking services will be displayed on the screen. You may then select the relevant banking service from the list of options available.

Benefits of NUUP (USSD) service

           An interactive session oriented service
           Simple and easy to use
           Works on almost all GSM handsets
           GPRS connection not required
           Works even while on the move
           More secure than SMS

Services currently available

           Balance Enquiry
           Mini Statement
           Fund Transfer to Mobile Number (MMID based)
           Fund Transfer to Account Number (IFSC based)
           Know your MMID

State Bank Smart Payout Card is a prepaid Card which is issue within INDIA and in  Indian Rupees powered by VISA. It is an ideal product for making periodical payments like salary, wages, commission, etc and also can be issued as an add-on Card for the existing account holders.It  can be used for cash withdrawal at ATMs, for purchase transactions at merchant establishments and for e-Commerce transactions i.e., for online payment.This card request can be done at your SBI branch
State Bank Smart Payout cards' are enabled for Cash withdrawal,Balance enquiry at other Bank ATMs(will be charged as prescribed from time to time) currently Rs.20/-Per withdrawal and Rs.9/- for balance enquiry.

Feature of SMART Payout Card
Usage of this card
i. For Corporates: Employees/Workers/Contract labourers of Corporate/MCG/SME customers etc.
ii. For Individuals: To all KYC compliant primary account holders for ultimate use by beneficiaries (dependents).

This can be helpful for customer who do not use DEBIT card frequently and he/she do not wants to pay annual FEE for DEBIT card.

Kotak Mahindra Bank has started Fund transfer between Facebook Friend.All you need to have a Facebook account and a BANK account. User need to register on www.kaypay.com using Facebook account
Follow this step to transfer fund within your Facebook friend

1)Log-in using Facebook account
2)Search for the Kaypay app and click to reach the launch page of the app
Agree to the terms & conditions laid by Kotak Mahindra Bank for using the app and 'Allow' it to access your Facebook profile content
3)Take the next step to register your bank account
Once the registration process is complete, you can easily transfer money to your Facebook friends
Steps for transferring money:
1) A friend from your Facebook list, to whom you wish to transfer the money
2) Select your account from which you want to transfer funds. If you have more than one account, your default account number will be pre-populated
3) Enter the desired amount
4) You can choose to add a message for your friend
5) Enter the One Time Password, click here to know how to generate an OTP
6) Confirm the transaction
You can transfer funds to anyone on your Facebook friend list.All your unregistered friends will get a Facebook notification informing them of the money transfer. They will have to register their bank account with Kaypay in which they want to receive the money. If they don't register within 48 hours, the money will be credited to your account.There is no Charges for FUND Transfer as of now.

Limits For Sender(in Rs) For Recipient (in Rs)
Daily               2500                      25000
Monthly       25000              25000

Soon you should be able to send your friends money in a message, similar to the way you send them a photograph. New reports suggest Facebook has built a fund transfer feature right into its Messenger app, and just has to turn on the feature which was unearthed by a novel hack.

Andrew Aude, a computer science student at Stanford, used IOS app exploration developer tool Cycript to turn on the feature. The new feature in Messenger will allow users to add a debit card in Messenger, or use the one they've already linked to their Facebook account in the past.

Facebook hasn't turned on the feature yet, but has already built in security measures that will be required for secure in-app payments. The payment feature has propped up soon after David Marcus, former President of PayPal, took over as head of Messenger at the social network giant.

However, it's now clear why  Facebook is looking to take on apps like Venmo, PayPal, Square Cash and other peer-to-peer money transfer apps. The company believes that the payments feature will help make Messenger successful, helping people share with each other and interact with businesses.

Dena Bank has introduced the MISSED CALL facility, for the benefit of customers whose mobile numbers are registered in CUMM menu.
 
With this facility, the customer has to call the below numbers from the registered mobile, for the facility as under :

Mobile No.	Facility
09289356677	Balance for operative accounts ( upto a maximum of 5 accounts )
09278656677	Mini statement of operative accounts for last 4 transactions ( upto maximum of 5 accounts )

 On dialing the number, the call will get automatically disconnected after 2 rings.  The customer will receive SMS messages for the 5 operative accounts as mentioned above.
 
The advantage with the facility is that there is no charge for the calls and the customer will receive the information for upto 5 operative accounts with a single call.
 
The customer need not visit the branch just to know the balance / transaction details.

 Five important features of the PM Jan Dhan Yojna

1. Under the scheme, account holders will be provided zero-balance bank account with RuPay debit card, in addition to accidental insurance cover of Rs 1 lakh.

2. Those who open accounts by January 26, 2015 over and above the the Rs 1 lakh accident, they will be given life insurance cover of Rs 30,000.

3. Six months of opening of the bank account, holders can avail Rs 5,000 loan from the bank.

4. With the introduction of new technology introduced by National Payments Corporation of India (NPCI), a person can transfer funds, check balance through a normal phone which was earlier limited only to smart phones so far.

5. Mobile banking for the poor would be available through National Unified USSD Platform (NUUP) for which all banks and mobile companies have come together.

First time in Indian Banking History ICICI Bank announces the launch of EMI (Equated Monthly Installments) for its debit card customers. This will enable customers to convert their high value transactions into easy installments. With upcomming Festival season bank has taken this inative to get hold credit market/This facility allows ICICI Bank Debit Card customers who have a linked fixed deposit with their bank account to convert their high value transactions into easy installments.
Here are some of broader Features:
    No processing fee.
    Tenure option of 3, 6 ,9 and 12 months.
    Low interest rate of 13%(on reducing basis) for 3, 6, 9 and 12 month tenures.
    Currently facility available for all ICICI Bank Savings and select Current account category customers having a linked fixed deposit other than tax saver fixed deposits and PPF.
    EMI facility is applicable on all transactions above Rs.10,000 at participating stores.
    EMI conversion without the hassles of any paperwork.
    Exclusive tie up with Samsung in 9000 stores pan India (Smart phones, Tablets, Televisions, Refrigerators, Air – Conditioners, Microwave etc).
    Leverage your existing fixed deposits to convert big ticket purchases to easily manageable installments.
    Earn up to 6 PAYBACK points on transactions.
    Coming soon: EMI on Call, EMI facility at other partners across categories.
Process to avail of EMI facility:
    Customer does a transaction at participating partner stores and selects the tenure of EMI.
    Customer pays by ICICI Bank Debit Card and inputs the ATM PIN at specified terminals in the store.
    Transaction is authorized and conversion to EMI happens post successful validation of parameters.
    EMI conversion and reversal of amount in the account happens within 2 business working days after the transaction date.
    First installment will be deducted 30 days from reversal of the money in the account.
    Account statement will display the transaction with appropriate narration.

Now Bank of India has changed its miss call balance enquiry number Customer can get account balance from saving account using miss call.Customer can give miss call on 09015135135  from their registered mobile number.Disconnect the call after rings . Savings account balance will be sent to registered mobile only

Earlier BOI has 02233598548 as miss call number for balance enquiry

To Provide marginal relief to tax payer.Tax limit from income tax has been rasied from currently 2Lakh to 2.5 Lakh.For senior citizen the exemption limit will be Rs 3Lakh..Further Investiment under section 80C of income act being increased from currently 1 lakh to 1.5 lakh .Deducation limit for interest on housing loan has been increased from 1.5 lakh to 2lakh

Tax Slab for an individual( below 60year)

Total income upto 2.5 Lac -------------------------0%
Total income above 2.5 lac and below 5Lakh-------10 % on amount exceeding Rs 2.5 Lac
Total income above Rs 5lac and below Rs 10 Lac---20% on income exceeding Rs 5 Lakh +Rs 25000
Total income more than Rs 10 Lac ------------------30% on income exceeding Rs 10 Lakh +Rs 1,25,00

Tax Slab for an individual( above 60year)

Total income upto 3.0 Lac ----------------------------0%
Total income above 3.0 lac and below 5Lakh---------10 % on amount exceeding Rs 3.0 Lac
Total income above Rs 5lac and below Rs 10 Lac----20% on income exceeding Rs 5Lakh+Rs 20000
Total income more than Rs 10 Lac --------------------30% on income exceeding Rs 10 Lac+Rs 1,20,00

In current Union budget for fincial year 2014-15,Minister of finance has re introduced Kishan Vikas Patra(KVP).
This will help small sabing invetor.Further National saving certificate with insurance cover will be provided.

In PPF scheme annual investment has been enchaed to 1.5 lakh per annum from existing 1 lakh at present

According to latest RBI guideline A bank account can be opened with just one address proof, permanent or local.This will help migrant workers and employees with transferable jobs who at present face cumbersome procedure to access banking services.
A customers can submit only one documentary proof of address (either current or permanent).
If the address mentioned as per 'proof of address' undergoes a change, fresh proof of address may be submitted to the branch within a period of six months.
In cases where customer is not able to furnish local proof of address, the bank may take a declaration of the local address on which all correspondence will be made by the bank with the customer, it said.
"No proof is required to be submitted for such address for correspondence/local address. This address may be verified by bank through positive confirmation such as acknowledgment of receipt of letter, cheque books, ATM cards, telephonic conversation.
If there is a change in address, customer may intimate the new address for correspondence to the bank within two weeks of such a change.

According to RBI regulation All new ATMs to be installed by banks from July 2014 onwards would provide audible instructions and Braille keypads to customers.
The RBI's directive today came on its prior advice to banks in 2009 to make bank branches and ATMs accessible to people with disabilities and make at least one-third of the new ATMs installed as talking ATMs with Braille keypads.

Banks should lay down a road map for converting all existing ATMs as talking ATMs with Braille keypads and the same may be reviewed from time to time.RBI also asked banks to make necessary arrangements to provide all existing ATMs/future ATMs with ramps so that wheel chair users/persons with disabilities can easily access them.
Further, RBI also asked banks to provide the facilities of magnifying glasses at all bank branches for the use of persons with low vision.

Once again RBI has charged the scene of Indian banking system and taken a remarkable step which allow minor age above 10 years can operate saving bank account independently
RBI has issued this guideline to all bank which state that a minor above age 10 year can be allowed to avail the facility of saving bank account independently.A minor can have facility like ATM,Debit card and net banking facility also but no overdraft is allowed

RBI has released a notification dated 06.05.2014 in which all banks were directed not to levy penal charges on non maintenance of minimum balance in inoperative accounts .This regulation will be helpful to customer who his having  multiple accounts and not able to operate /maintain minimum balance in each account.
Under this guideline RBI not charge customer for non maintenance of minimum balance rather has asked bank to limit service available to customer if he is not able to maintain minimum balance.Bank should restrict the service to Basic Saving account and restore the service when the balance improve.

RBI has released a notification on dated 07/05/2014 in which all commercial banks has been asked not to charge foreclosure charges/prepayment penalties on all floating rates term loan sans cation to individual with immediate effect. This is applicable only to individual so bank may charge pre payment charge from partnership firm or corporate

This rule is also applicable to loan like car loan ,House loan ,personal loan
RBI has taken this step to safe guard customer intrest which is really appreciable and a historically important

Employees Provident Fund  Organisation (EPFO) will start providing permanent or universal account numbers (UAN) by October this year all members spread across the country.
EPFO has engaged Centre
The C-DAC is the premier research and development organisation under the Ministry of Communications & Information Technology for carrying out R&D in IT, electronics and associated areas.
Once the UAN is allocated, a subscriber would not be issued new PF account number on joining new employer. This will sure provide great relief to those workers in organised sector who frequently change jobs, particularly, in the construction sector.The UAN would be one account number which would be allotted to a subscriber for various schemes run by the Employees’ Provident Fund Organisation (EPFO) for his or her entire service period with different employers.

for Development of Advanced Computing (C-DAC) to prepare a roadmap for implement this big project. The new numbers will help EPFO members the reduce the pain of filing provident fund account transfer claims on changing jobs.

Today Bank of India has started initiative and much awaited product called IMT (Instant Money Transfer). Earlier Bank of India was first nationalized bank to implement account balance facility using Missed call by mobile. Bank of India is first nationalized bank which has started this service after recent RBI guideline to provide card less withdrawal.According to bank they says that this product will be helpful for Migrant labor to send money to their native and prevent them using parallel financial institution and their high charges
The facility can be initiated by the bank’s customer over bank’s ATM and retail Internet banking.

The sender initiates IMT by providing receiver’s mobile number, four digits sender code, the IMT amount and authorises the transaction from either bank’s ATM or bank’s internet banking.
The sender provides receiver’s name, address and mobile number to the bank either on SMS or Internet banking. The receiver receives the notification of IMT on his mobile phone, along with a four-digit SMS Pin.The sender separately communicates the four-digit sender code to the receiver.Then the receiver, after getting these two pieces of information - one from the sender and the other on SMS, walks into the bank’s nearest IMT-enabled ATM and withdraws cash by punching in the mobile number, sender code, and SMS Pin.

Features of IMT
- Card less Withdrawal
-Charge of Rs 25 per remittance
-Sender limit Rs. 10,000 per transaction
-No bank account need for Beneficiary
-Mobile number Required
-Secure code sent to receiver
-Remittance can be initiated by Bank of India ATM or Internet banking
-Monthly Remittance is 25,000 for a month
-Secure code is valid for 14 days

RBI has suggested a innovative idea for  individuals without a bank account will soon be able to receive money from those with bank accounts, using automated teller machines (ATM).
This will help of having a formal bank account by millions of people living in small village town.
The sender can have money withdrawn from his/her account through ATM machines, he said.
Under this process if a person with bank account wants to send money to a person who doesn't have bank account then He need to send a secure code to mobile number of the person to whom he wants to send money.
When receiver gets the secure code on their mobile then he need visit nearest ATM and use that secure code on ATM machine to get cash instantly.

Recently Syndicate bank is also on same path of providing better customer service by providing miss call balance enquiry. You can miss call to  09664552255 or  08067006979  from registered mobile number to get balance information.If you are not registered for this service then please follow this simple step

Procedure for Registration
1. Customer should register himself/herself (onetime) for SMSBanking by sending an
SMS to 09664552255 from his/her Registered Mobile Number available in Bank’s
System. The SMS format should be -
SREG <<Cust-ID>
e.g., If your Customer Id is 12345678,
send SMS “SREG 12345678” to 09664552255
(This is a one-time activity. If already registered earlier by using 56767, there is no
need to register again)
 2. Customer will get a confirmation Message for the above step
(In the Bank’s System, the latest CASA Account-No. linked to the Customer Id will
be registered as the Default Account-No. for Missed Call Banking)
3. Once confirmation is received, Customer can give a missed call to 09664552255 or  08067006979
The call made will get automatically cut after one or two rings.
4. Customer will then receive an SMS mentioning the outstanding balance for the
Default Account-No.
 5. If the Customer has more than one account and wants to change the Account
Number for which he/she wants to know the balance, he/she can change the
Default Account-No. by sending another SMS to 09664552255 with the below
format –
SACC <CustID> <Account-No>
e.g., If your Customer Id is 12345678 and want to change the Account
Number for getting balance to 03219870006541,
send SMS “SACC 12345678 03219870006541” to 09664552255
(This is a one-time activity and customer will get balance for this account on giving
Missed Call, till he/she changes the account again)

For more info you can Helpdesk at 1800-425-5784 or write to syndinet@syndicatebank.co.in

As March is approaching everyone is worried about their Income tax and Tax saving .Here is quick look of Income tax slab for Financial year 2013-14 and Assessment year 2014-15.If you want to calucalute your Income tax there is widget provided on footer of page which will easily let you know how much tax you have to pay in FY 2013-14

RBI has announced that from 1 April 2014 all currency note that was issued before 2005 will be discontinued.All banks will withdraw these notes after March 31 ,2014. It has asked the public not to panic and said it has done this in the past more than once.

In press release RBI has asked public to exchange these note from banks,To identify your note whether it was issued prior to 2005 ,just reverse the note and locate on botton of note there it will have year which shows year of printing.Refer screen shot

From July 1 ,2014 those who wish to exchange more than 10 piece of Rs 500 and Rs 1000 will have to give their proof of identity and residence to the bank in case they are non-customers.

These step taken by RBI will sure help in curbing black money in economy.In press release by RBI on their website The RBI has asked people not to PANIC 

Today EPFO has increased the intrest rate to 8.75% from 8.5%.This will help salaried person to earn more intrest on their saving. Similar hike can be expected from PPF in banks.