Smart Guide

In order to avoid unnecessary queue in ATM centers, all the banks in India have introduced Missed call facility through which the customer can know their bank balance just by giving a missed call from the registered mobile number with the bank. To know bank balance through missed call number : Bank Name Missed call mobile number Allahabad Bank 9224150150 Andhra Bank 9223011300 Axis Bank 1800 419 5959 Bank of Baroda 9223011311 Bank of India 9015135135 Canara Bank 9015483483 Central Bank of India 9222250000 Corporation Bank 9268892688 Dhanalaxmi Bank 8067747700 Federal Bank of India 8431900900 HDFC Bank 18002703333 ICICI Bank 2230256767 IDBI Bank 18008431122 Indian Bank 9289592895 Indian overseas Bank (IOB) 04442220004 Karnataka Bank 18004251445 Karur Vys

Sometimes you can see your bank statement mentioning debit transactions with abbreviation UBP/XFER followed by transaction number . Mostly banks like ICICI and Axis bank uses this UBP/XFER abbreviation in the account statement. This article will give you precise information about UBP/XFER abbrevation appeared in your bank statements. Expansion for UBP/XFER  is Utility Bill Payment / Transfer . Some banks refer it as UBT/XFER. Usually banks denote the word transfer as XFER in the transaction statements. So, the amount debited related to UBT/XFER transaction might be completely related to online payment that you have recently made. It includes utility Bill Payments like Water bill, Gas bill, electricity bill, online Bus Booking, Theater/movie ticket booking, online purchasing like Paytm, Flipkart etc. If you have received credits in the name of UBP/XFER transaction, it will be locked for sometimes until it is confirmed by the bank. Once it is verified by the bank, then

You might receive notification SMS from your bank accounts related to your deposits requesting Form 15G/H submission. The SMS notification would be like , "Dear Customer, Kindly submit Form 15G/H with PAN before April 2015 to your home branch for availing TDS waiver on deposits for this FY 2015-16" This SMS is generally notified by banks like HDFC, KVB, ICICI, SCB , KOTAK to notify their customers to avail tax benefits on their interests on deposits they have on their banks. How to respond to this Form 15G/H notification to avail tax benefits : Form 15G/H can be obtained online or from your bank branch. You have to self declare that the tax decuction for previous FY was nil so that the bank will not deduce tax on interests on your deposits for the current Financial year. You have to submit the form within the due date mentioned by the bank to save TDS ( Tax Deduction on source)

Some banks will cost call charges for checking balance enquiry in your savings or current account . But KVB offers a simple, easy and free service to know your balance in your KVB account. Steps to Know your Balance in KVB account : Give a missed call to the number 9266292666 from your registered mobile number . To register your mobile number to KVB bank , you can do it directly in your branch or otherwise you can also register it through online banking account. After giving a missed call, within 5 seconds you will receive an SMS stating the balance like "Avl Bal as of 10-03-2015 08:33:20 A/c-XXXX6598 : 4,542.18 -KVB " You can use this facility whenever you can . But dont use this option very frequently as some banks may indirectly cost you in some other ways for such facilities . Other ways to check balance of KVB account : Go to any ATM centre nearby and insert your KVB card, Enter your PIN and choose the option check balance in the screen. Now y

Standard Chartered provides Bonus points for money spent through Debit cards as well as credit cards. You can redeem rewards through 360reward plus portal only for Credit card points by using online banking user id password. Debit card points cannot be redeemed through online. You have to redeem it through phone banking . To redeem reward points in scb debit card: Take your debit card in your hand. In the back side of the card, the phone banking numbers will be provided. Call Standard Chartered Phone Banking number corresponding to your region. You have to choose some options like language, your debit card number, phone banking pin , ATM Pin etc step by step Finally you will hear the option to speak to the customer care executive of standard chartered bank. Once they pick the call, request him/her to redeem the Debit card points They will check the remaining bonus points available in your account. If it is more than 500 points, they will initiate the request to rede

IMPS stands for Immediate mobile payment system. In this method your mobile number will be linked with your Bank Account number. In addition you will be provided an unique ID called MMID and a unique password (PIN code) Now, what can we do with this MMID , IMPS things. IMPS is one of the online payment system through which we can pay or bills, buy stuffs online through flipkart, ebay etc , recharge mobiles etc. To Register IMPS : The disappointing point is only very few banks provide IMPS option in India. So, Banks like standard chartered, Kotak Mahindra, do not have IMPS method as of now.They uses NEFT method. But there is no drawbacks in both methods. Both are almost instant and user friendly. Following are the only banks that provides IMPS option currently. State Bank of India SBI , Bank of India, Union Bank of India, ICICI, YES Bank, HDFC Bank and Axis Bank are currently providing IMPS method as online payment system. Registration process for IMPS

Online Banking is getting very popular in India for recent days.Some Banks like Standard chartered has almost made everything to do online without going to Bank. And other banks started to follow this technique . If you know about online Banking , you can save lot of time. This article precisely tell you the most important things of online banking that we need to know about online transfers. Both of the terms IBFT and NEFT are related to online banking IBFT (Inter Bank Fund Transfer) : As the name says, it is the method of transfer fund (money) from one accounts between different banks. For example , if we transfer 1000 INR from an account in Standard Chartered Bank to an account in Axis bank, then it is called as Inter Bank Fund Transfer. NEFT (National Electronic Fund Transfer) : National Electronic Fund Transfer (NEFT) is the common , standard method of online transfer of money between accounts in different banks as well as same banks. All Banks operating in

Banking Sector is highly expected to reach rapid growth in near future in India because of the recent steps taken by ruling Government in Central. One of the important strategy, taken by the government is sending the Gas subsidy directly into the consumers bank account. Currently the government pays half the amount of gas cylinder consumed by the people and it has been paid to the gas agencies. Reports have been claimed that malpractices are in this methodology. So, the government has decided to make sure this amount should completely reach the people and this can only be done by transferring directly to their bank account. Now, Government hitting two mangoes by throwing a single stone. Yes, At the end , Each family would have one bank account and other hand the gas subsidy would be fully reach the common people. Benefits of having a separate Bank account : When we think about majority of common people, they just earn and spend it their earning fully. They are