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Online, you may quickly link your Aadhaar number to your Permanent Account Number (PAN). Through a simple facility on its website, the Income Tax (I-T) department allows individuals to link the two identity numbers online. For income tax purposes, linking the Aadhaar number - also known as the Unique Identity Number (UID) - with the PAN is now required. PAN is a 10-digit alphanumeric number assigned by the Income Tax Department. Aadhaar is a 12-digit number provided by the Unique Identification Authority of India (UIDAI). Here's how to use the income tax department's webpage to link your Aadhaar number to your PAN: On the income tax return e-filing website, www.incometaxindiaefiling.gov.in, select the 'connect Aadhaar' option. In the specified fields, enter your Permanent Account Number, your Aadhaar Number, and your entire name (as it appears on your Aadhaar), as well as additional information. At the bottom of the page, click the 'connect Aadhaar' button after selecting the appropriate settings.

The National Payments Corporation of India (NPCI) has created a new 'UPI-Help' on the BHIM UPI in order to improve a transparent dispute redressal process. The effort is part of the Digi-Help stack, according to a statement made by NPCI. The UPI-Help redressal system would give BHIM UPI app customers with a superior, hassle-free issue resolution experience. Users will be able to register complaints online using the BHIM UPI app with the help of UPI Help. For person-to-person transactions, it will also settle grievances online. The new UPI-Let, according to the NPCI, will help BHIM UPI customers get the following services: Performing a status check on pending transactions Making a complaint regarding unprocessed transactions or money that has not been credited to the recipient Making a formal complaint regarding a merchant's transaction The UPI-Help tool will aid in the resolution of complaints for person-to-person or P2P transactions conducted online. Furthermore, if the user does not take any action on pending transactions, the UPI-Help function will attempt to auto-update the final status of the transactions on the app.

Google has announced international money transfer agreements with remittance businesses Wise and Western Union Co for users of its U.S. payments app, according to the companies. Google Pay users in the US may now send money to app users in India and Singapore, with plans to expand to the 80 countries supported by Wise and 200 countries supported by Western Union by the end of the year. Google's entry into the $470 billion remittance industry is a step forward in the company's efforts to diversify its financial services portfolio, increasing competition in the digital payments sector. Wise, located in London, was founded in 2011 with the goal of making international money transfers cheaper and easier, but Western Union, with its vast worldwide network of physical facilities, maintains the market leader in remittances. Their collaboration with Google Pay, which has 150 million users in 40 countries, comes as the COVID-19 epidemic has resulted in an increase in online payments but a decrease in overall remittances. In November, the Silicon Valley technology business revamped its U.S. payments app, offering sponsored advertisements and launching a queue for bank accounts with a number of lenders. The new remittances feature intensifies the battle for consumers' money and data between technology businesses and traditional banking organisations, with providers vying to become a one-stop shop for their users' financial requirements.

Is it your goal to buy a pre-owned vehicle? You don't have to save up for your dream automobile, whether it's a hatchback, an SUV, or a high-end sedan, with a pre-owned car loan. A used automobile loan online provides not only protection and safety, but also the comfort your family deserves. A used automobile loan lets you pay back your loan in convenient monthly payments. For a pre-owned automobile loan, you'll need to submit the following documents: Proof of one's identity A copy of your most recent three-months' worth of pay stubs, a bank statement from the last six months, or your most recent year's worth of tax returns, etc. the original confirmed seal, insurance policy, valuation report, and vehicle inspection report are all proof of the asset's value. Using a secondhand automobile as collateral for a loan: An online used automobile loan requires a borrower to be at least 23 years old. Having a steady source of income is essential for every person. A minimum of one year of ongoing work is required. Benefits of obtaining a loan for a pre-owned vehicle: The Application Process Is Straightforward and Easy to Follow Adaptable Term with Simple Repayment Alternatives EMIs that are easy on the wallet Is it possible to apply for a used auto loan online? Step 1: Decide on a car Step 2: Check eligibility. Step 3: Apply for a pre-owned vehicle loan. Step 4: Complete the loan transaction. Submission of papers is the final step in the application procedure.

The Kisan Vikas Patra is a government small-savings plan run by the Department of Posts that ensures that the money deposited would be doubled in 110 months, or 9 years and 2 months. Kisan Vikas Patra is a Rs.1000, Rs.5,000, Rs.10,000, and Rs.50,000 saving certificate. Because these certificates are guaranteed by the Indian government, the subscriber receives a set rate of interest. These certificates may be obtained at any post office and some nationalised bank branches by paying with cash, check, pay order, or DD, depending on the subscriber's preference. As a result, the Kisan Vikas Patra plan aims to mobilise small investors' money. The name "Kisan" in the plan does not imply that only farmers may invest; rather, any Indian resident can invest in these savings certificates. However, the investments earned under this plan are utilised by the Indian government in farmer welfare schemes. Kisan Vikas Patra has the following major characteristics: This plan is open to any Indian person who wishes to invest. An adult can purchase the certificate in his or her own name or on behalf of a minor. A trust and two adults can also buy the savings certificate together. This plan does not allow a commercial entity, such as a corporation or an institute, to invest. Furthermore, NRIs and HUFs are ineligible to invest in these savings certificates. The lowest amount that may be invested is Rs 1,000 under this plan. However, there is no maximum amount of money that may be invested. The cash invested in this plan doubles after 110 months (9 years and 2 months), resulting in an annual return of 7.8% for the subscriber. After 100 months, or 8 years and 4 months, the sum placed can be withdrawn. Premature encashment of the certificate is not permitted unless the holder dies. The money invested in Kisan Vikas Patra is not eligible for Section 80 C tax deductions. The interest is completely taxable as income, with tax imposed according to the slab rates. TDS is also taken from interest at a rate of 10%, however withdrawals are free from TDS at maturity. Due to concerns about money laundering, the Kisan Vikas Patra initiative was terminated in December 2011. However, it was re-launched in 2014 since small investors were having trouble mobilising their money.

When it comes to investing money, a lot of issues arise, such as which investment vehicle provides the highest returns, what level of risk is involved, how long the investment will take to mature, and so on. Everyone wants to spend their hard-earned money in a way that provides the best return in the shortest amount of time with the least amount of risk. Some people invest for financial stability, while others do so to fulfil their financial objectives. An investor can choose from a variety of vehicles, including Kisan Vikas Patra and fixed deposits. Each of these securities promises attractive returns, but investors must choose which is best for them. Let's have a look at how these instruments compare to one another. 1.Kisan Vikas Patra (Kisan Vikas Patra) The Indian Post's certificate system promises to double a one-time investment in around ten years (124 months). It's commonly referred to as KVP. The current interest rate on offer is 6.9% per year compounded. Kisan Vikas Patrawas was originally designed to help farmers save for the future, but it is now open to everyone. This one is best for risk-averse investors because it guarantees a certain amount at maturity. The returns, on the other hand, are fully taxable. KVP certifications are divided into three categories. A 'Single Holder Type Certificate' is given to a single person. The 'Joint A Type Certificate' is given to two people, and it is payable to both of them or to the survivor. The 'Joint B Type Certificate' is payable to the survivor or either of the two holders. 2. Fixed Deposit with Bank FD accounts are a popular way to save money since they are not subject to market fluctuations and offer a guaranteed, steady interest rate. The interest rate on a fixed deposit is substantially greater than that on a savings account. Investors can either withdraw their money or reinvest it when the period of the deposit expires. Regular FD accounts for persons under the age of 60, FD accounts for elderly citizens, tax-saving FD accounts, FD accounts with monthly payout (interest is paid every month and is not compounded), and so on. The interest rates and maturity periods offered by various institutions vary however generally persons under 60 will get interest around 6% for Fixed deposits having a tenure of 10 years.

Debit card customers of the State Bank of India (SBI) will now be able to convert their purchases into an EMI (equivalent monthly payment). According to a press release, the country's largest lender is giving "EMI facility utilising SBI debit card to purchase consumer durables from merchant establishments by swiping their cards at PoS (Point of Sale)." Users may also use their SBI debit card to shop online at e-commerce sites like Amazon and Flipkart, according to the statement. Customers may find out if they are eligible by texting DCEMI to 567676 from their bank-registered phone number. They can get a loan ranging from 8,000 to 1 lakh at a 2-year MCLR (Marginal Cost of Funds based Lending Rate) + 7.50 percent effective interest rate, which is currently at 14.70 percent. The minimum lending rate (MCLR) is the rate at which a bank is not authorised to lend. The EMI facility has six different tenure options: six, nine, twelve, and eighteen months. The lender also provided zero processing fees, zero paperwork, rapid disbursement, and no blockage of savings account balances. For SBI clients, here's a step-by-step guide: EMI using a debit card * At the merchant's store, swipe your card at the POS machine. * Choose between Brand EMI and Bank EMI. * Enter the amount owed and the length of time it will take to repay the loan. * After the POS system has validated your eligibility, enter your PIN (personal identification number) and hit OK. * After a successful transaction, the loan amount is recorded. * A charge slip outlining the loan's terms and conditions is printed, and the consumer must sign it. For EMI payments through the internet * Log in to Amazon or Flipkart using the bank's registered mobile number. * Choose the desired brand item and complete the payment process. * From the several payment choices that display, pick Easy EMI, and then SBI. * The amount is automatically calculated; input the tenor and click "Continue." * On the SBI Login screen, enter your online banking or debit card details. * The loan is booked, the terms and conditions are shown, and if approved, the order is booked.

Shriram City is the country's largest two-wheeler financier. Union Finance has introduced Express Two-wheeler Loans (E2L), an artificial intelligence (AI)-enabled lending platform that enables for a rapid loan approval of up to 100% on the on-road pricing of two-wheelers. Customers will have access to a fully digital and paperless two-wheeler loan facility that will be available 24 hours a day, seven days a week, and will provide in-principal approval without having to physically visit the bank to submit papers. Here's how to use the Express Two-Wheeled Loans (E2L) portal to apply for a loan approval. The BRE-supported AI-based tool, which evaluates eligibility and provides an in-principle approval letter or voucher, is one of the distinguishing elements of the Express two-wheeler Loans. The voucher number can be presented to the appropriate dealer by the customer. Customers are offered maximum eligibility, allowing them to pick a more expensive brand if necessary.

What's the safest method to bring money with you while you're visiting another country? A credit card appears to be an easy option. Forex cards, on the other hand, are a more cost-effective and easy way of payment. As a credit card, they may be used to make transactions at any point of sale terminal. PIN and chip-enabled, they are also extremely secure and have low transaction fees. To learn more about the advantages of using a forex card instead of a credit card, read on. No Fees for Foreign Exchange Conversion You'll be charged a forex conversion fee each time you use your credit card to make a purchase outside of India. In contrast, there are no conversion costs while using a forex card. Currency conversion isn't essential because the card is preloaded with the foreign currency you'll be using. As a result, when you use a forex card when travelling outside of India, you are effectively exchanging INR for the local currency. Withdrawal Fees at ATMs You may find yourself in a situation where, despite the convenience of using a credit or debit card to pay for purchases made while travelling, you still require local currency. Despite the fact that credit and forex cards both have ATMs, they both demand extra fees for using them. Your bank will charge the following fees if you use an Indian credit card to get cash from an ATM outside of India: Charges for interest, Currency conversion, and Cash advances and withdrawals When it comes to withdrawing money from ATMs, forex cards only charge you a little cost, which is frequently a predetermined sum for each transaction. It's also a lot less expensive than withdrawing money using a credit card. Avoid Forex Market Volatility With forex cards, you'll be able to withstand currency fluctuations. There is no need to perform mental arithmetic because the exchange rates are locked the moment you load the currency into the card. You won't be charged any currency conversion fees on your purchases once the card has been loaded, so you'll know exactly how much money you've spent. Credit cards, on the other hand, don't let you know exactly how much you'll be charged because of fluctuating currency exchange rates. When you use your domestic credit card outside of the country of origin, your bank will charge you the current exchange rate in addition to the transaction fee. In addition, the charges for each transaction are different. Low Cost of Goods Sold All international transactions include many charges. The bank will charge you a fee in addition to the transaction amount regardless of whether you use a credit card or a forex card. We call this the "markup charge." Are there any other options? Absolutely! There are no cross-currency mark-up expenses if you use the forex card inside the currency jurisdiction. Multi-currency forex cards are the best option if you want to travel to more than one destination at once. To avoid these charges, you can use a single card to load various currencies. Conclusion: This shows that while credit cards are more expensive, Forex cards are more convenient, flexible, and secure. Remember to bring your currency cards with you the next time you travel abroad.

The Multi-Currency Foreign Travel Card from State Bank of India (SBI) is a prepaid card that may be filled with money in several currencies. The card may be used at ATMs (automated teller machines) and merchant terminals overseas, according to the country's largest lender. "Customers may withdraw cash from over 2 million ATMs and pay for products and services from 34.5 million merchants throughout the world with this card," SBI said in a statement. SBI's Foreign Travel Card has the following features: * Prepaid travel card with chip and PIN (personal identifying number); * US Dollar, British Pound, Euro, Singapore Dollar, Australian Dollar, Canadian Dollar, and UAE Dirham are among the seven currencies that can be utilised. * An extra card is accessible as a backup; * Global help available 24 hours a day, 7 days a week, with free card replacement if lost or stolen; * No information about your bank account is necessary; * With a valid passport and Form A2, the card can be reloaded until the expiration date on the card. Form A2 is a statement under the Foreign Exchange Management Act (FEMA) for the acquisition of foreign currency for remittance purposes. Application Instructions: * You may get this card by going to your local SBI branch or going to the bank's official website. Services that can be obtained include: * Card administration through the internet, including safe access to balances and transaction data; * Locator services for ATMs; * While reloading the card, users can lock in their currency exchange rates. * If a currency's balance is inadequate to pay for a transaction, the amount is automatically withdrawn from the card's other currencies. * Exchange rate volatility and variations are avoided for customers. * Charges that are clear; * Emergency cash replacement up to the card's available balance in the event of a lost or stolen card. Limit: * A minimum of $200 is required; * $10,000 is the maximum amount that may be withdrawn from ATMs or spent at merchant points. * A client can only have one active account at any given time. * According to their laws and regulations, certain ATM operators and merchants may levy a withdrawal fee or establish their own limitations.

There are a number of things that change when you move away from home, including your financial situation. The type of your bank account will also alter if your address changes. An NRI cannot have a resident savings account in India because of the Foreign Exchange Management Act. It's a good thing you have an NRE or NRO account to assist you keep track of your money. Nonetheless, how can you know which one is best for your needs? Here, you'll learn how to choose an NRI account that's perfect for your needs. NRE and NRO accounts: what are they? What Exactly Are NRE Accounts? Your overseas earnings are translated to Indian rupees and deposited into an NRE or Non-Resident External account. The principle and interest earned on an NRE account are both free from federal income tax. There are also no limits on the repatriation or transfer of your funds to an account outside of the country. Keep in mind, however, that an NRE account is subject to changes in exchange risk. Even if you deposit your money on August 1, 2021, and take it out on August 31, 2021, you may have received more or less than the initial principle amount, depending on the exchange rate. NRE accounts aren't shielded from the everyday swings in currency values. What Are NRo Accounts? If you're a non-resident of India, you'll need an NRO account to get your earnings. Only Indian rupees can be withdrawn. Additionally, up to $1 million in NRO funds can be withdrawn or transferred to a foreign account each financial year. This means that the RBI has established an annual maximum of $1 million for the transfer of principle and interest, after deducting any relevant taxes. A 30 percent TDS, or Tax Deducted at Source, and an education cess apply to interest earned on an NRO account. Comparing the NRE vs. NRO accounts: a point of distinction Intention or Goal To deposit money earned outside of India, an NRE account is often created. An NRO account is one that is used to keep track of money that is generated in India. Rent, for example, or a pension, for example. a Transfer of Funds Can be returned to the country of origin at any time using an NRE Account Cannot be returned to one's home country without the permission of the NRO. Up to a maximum of one million dollars each financial year can be re-exported. Taxation In India, interest received on NRE accounts is not subject to income tax. Interest generated on NRO accounts is subject to TDS++ at a rate of 30%. Joint Account On behalf of a close relative who is an NRI/PIO Resident Indian with "Former or survivor" method of operation. "Former or survivor" style of operation for NRO Account: With another NRI/PIO Resident Indian Choosing an NRI Account That Fits Your Needs An NRE account is a good option if you wish to keep your foreign profits in Indian rupees and avoid paying taxes on them. The NRO account, on the other hand, is the best alternative if you're looking to save money generated in India, such rent or pension, in an account.

From October 1, the Reserve Bank of India's new auto-debit rule on Additional Factor of Authentication (AFA) will be in effect. Customers may use any UPI application to make regular payments, such as energy bills, EMI payments, insurance, mobile bills, and mutual funds, up to a limit of 5000 rupees, using the UPI Auto-Pay function. Here's a step-by-step guidance from the National Payments Corporation of India (NPCI) on how to set up the BHIM UPI Auto-Pay service to make recurring payments: Customers may establish, alter, suspend, and cancel auto-debit mandates using any UPI-enabled application's'mandate' section. Customers will be able to access their previous mandates in the mandate area. The UPI ID, QR scan, or intent can all be used to establish an e-mandate. Customers' recurrent payment spending patterns are used to develop the pattern for the auto-debit mandate. One-time, daily, weekly, fortnightly, monthly, bi-monthly, quarterly, half-annual, and yearly mandates are all possible. The mandates are created quickly, and payments are automatically deducted on the scheduled day. The mandates are created quickly, and payments are automatically deducted on the scheduled day. Customers must first authenticate their account using a UPI PIN, after which their monthly payments will be deducted automatically. Using the BHIM UPI App to Set Up UPI Auto-Pay: Open the BHIM UPI App and log in. Open the BHIM UPI App and log in. Select Auto Debit. Select Auto Debit. Select the mandate by clicking on it. Create new mandates or see previous mandates to manage the requirement. Create new mandates or see previous mandates to manage the requirement. Choose a payment schedule - monthly, weekly, or yearly, for example. Choose a payment schedule - monthly, weekly, or yearly, for example. Select the auto debit date and enter the merchant's name. To continue, click the Proceed button. HDFC Bank, IDFC Bank, ICICI Bank, IndusInd Bank, Jio Payments Bank, Paytm Payments Bank, State Bank of India, YES BANK, and a few more are among the banks, merchants, and aggregators that have gone live with UPI Auto-Pay.