Digital Banking: The Technology Driven Revolution

Digital Banking
Payment Banks have gained prominence of late, the regulatory body Reserve Bank of India (RBI) is encouraging such type of banks which facilitate digital transaction and simplify the process of opening savings bank account for individual transaction. It is also aimed at driving the society to cashless economy by promoting digital transaction over cash based transaction. These banks are set to revolutionize the retail banking experience. Payment Banks facilitate smoother and hassle free platform for carrying out transaction. Similar to…

Income Tax Return Filing: Forms

Income Tax Return Forms
Income Tax Return Forms for the Financial Year 2016-17 (Assessment Year 2017-18) may be downloaded from the Income Tax Department (ITD) official portal. CBDT has provided number of forms for the Income Tax payers depending on the source of income of the respective individuals. The various types of Income Tax Return (ITR) and its applicability have been discussed in this post. Few major changes have been made to the ITR Forms to make it simpler. Changes introduced in the Income…

InFocus Turbo 5: Killer Budget end Smartphone?

InFocus 5 Phones
Budget end smartphone is currently the most happening segment in the smartphone industry in India with all the major manufacturers trying to grab share in the market. The smartphone market in India is growing very rapidly and the majority of the users prefer the budget end devices for use. Recently, A new player has entered the Indian smartphone market and is expected to intensify the rivalry in the Industry. InFocus, a US-based company has launched their Budget end smartphone Turbo…

One Plus 5: Flagship Launched In India

One Plus 5
One Plus has finally announced the launch of their latest flagship in India, the One Plus 5. One Plus has been sending out teasers to create a hype around the launch for quite some time now. Finally, the OP5 is available for sale exclusively on the Amazon portal. The device comes with the latest hardware specification onboard along with major improvements in the camera department claimed by the One Plus Team. OP5 comes in two variant, Base variant is priced…

Nokia Series Smartphones Launched In India: All You Need To Know

HMD Global has finally announced the launch of Nokia Series phones in India. The Nokia 3, 5 and 6 will be “Made in India” smartphones by the Finnish startup firm, which has the exclusive right to use the “Nokia” brand. The phones are being rolled out in phases, initially the Nokia 3 will released in the offline market followed by the Nokia 5 while Nokia 6 (premium variant) will be available exclusively online on the Amazon portal. Nokia 3 is…

Atal Pension Yojana (APY): Online Account Statement For The Subscribers

Atal Pension Yojana (APY)
Subscribers to the Atal Pension Yojana (APY) may now download the statement of their contribution to the scheme online by providing the relevant account related information. APY does provide hard copies of the statement but many of the subscribers are not in receipt of the same. However, for Income Tax declaration and various other purpose the statement is often required. Contribution to Atal Pension Yojana (APY) is eligible for Tax Deduction U/S 80 CCD (1b) thereby making it a decent…

Online Withdrawal of Employees’ Provident Fund (EPF) and Employees’ Pension Scheme (EPS)

Online withdrawal of EPF and EPS Fund
Employees’ Provident Fund (EPF) and Employees Pension Fund (EPS) withdrawal is a real pain for most of the subscribers. But now online fund withdrawal is possible. Online withdrawal of EPF and EPS Fund helps Individual to settle claims without having to wait for the respective Employer to initiate the process. The online settlement of claim is made possible through EPF unified portal which was recently launched by EPFO. Even Claim Transfer while switching jobs is also possible through the Subscriber portal. This…

FATCA Compliance for National Pension Scheme (NPS)

NPS FATCA Compliance
Subscribers to the National Pension Scheme (NPS) are now required to complete the FATCA Compliance online. The option is available to the Subscribers to complete the compliance by logging onto the portal and submitting the required information. It is mandatory for the Subscribers who have subscribed to the scheme on or after 1st July, 2014 to be FATCA compliant. National Pension Scheme (NPS) is the retirement benefit plan for the Individuals aimed at providing better standard of living during the…

REDMI 4: Budget Smartphone from Xiaomi (Mi)

Xiaomi recently launched their latest Budget Smartphone, Redmi 4 in India. The handset is exclusively sold through Amazon and Mi Portal. Xiaomi has been ruling the budget and midrange segment for quite some time now. The Redmi 4A or the Redmi 3S/Prime were total value for money devices. No other smartphone manufacturer has been able to match the competitive edge enjoyed by Xiaomi in the lower end segment. The devices come with decent specs and build quality despite being priced…

Employees Provident Fund (EPF) Online Claim Transfer

Transfer Claim Online
Employees Provident Fund (EPF) has made it possible for the Subscribers to transfer claim online through their previous or present employer. Subscribers switching jobs may now submit the transfer claim online, the same will be processed within few days. The option to apply for transfer of claim is available on the EPFO portal. In order to apply for  transfer claim online, Subscribers need to activate their UAN. Following which the application for the Transfer Claim may be made. Applying for…