Axis bank is one of the leading private banks in India. Started in 1994, it is one of the first private banks to commence operations in the globalisation era. Previously called the UTI bank, it has its registered office at Ahmedabad and has its central office at Mumbai. It was promoted by UTI, LIC & GIC with a starting capital of around 105 crores. It has now a capital of around 408 crores.
The fast growing bank is introducing lot of schemes in line with the current trend of banking. One of the features is to generate a credit card statement online. Here's how you go about it.
Log on to http://www.axisbank.com/ and go to the credit card statement link in the quick access menu. The following screen appears:- (click on the image to get an enlarged view)
Fill in the credit card no., name and date of birth of card holder, and card validity period and click get statement. A list of statements links are generated as follows:-(click on the image to get an enlarged view)
Click on the statement required and the download link will appear as shown below:-(click on the image to get an enlarged view)
Click the download button the file containing the credit card statement will be downloaded. To open the file a password is required. Instructions are given in the download page as to how to generate a password. Type the password and open the downloaded file. You will be able to view the credit card statement online.
Thus you can view the credit card statement from your home. No postal delays or lost statements; get the statement online and pay the dues in time to avoid heavy penal interest.
Bangalore or the present day "Bengaluru" is the capital of the state of Karnataka. Having a population of around 6 million people, its India's silicon valley. It accounts for about 35% of software exports from India. Bangalore city is about 500 years old. Its temperate climate, availability of superior technical manpower and abundance of manufacturing industries attract lot of investors both local and international.
The reality prices in the city have soared in the past few years. The presence of multilingual societies from various multicultural backgrounds demand efficient civic governance of the city.
Property tax is one of the main sources of revenue for the city corporation to upkeep the civic amenities. The tax is being collected from owners of all residential areas/ commercial areas/ village areas. In Bengaluru, Bruhat Bengaluru Mahanagara Palike (BBMP) is responsible for collecting property tax. For the convenience of the citizens of Bengaluru, BBMP has provided a online property tax calculator in its website http://sasbbmp.com/ptaxcalculator/. The areas are classified as residential, non residential and villages. You just have to know under which zone does your property lies and the areas of built up area and car park in sq.ft. Then submit the details online and your property tax is calculated instantaneously. (click on image to get enlarged view)
Professional Tax is a tax levied by the state governments on every company which transacts business and every person, who is engaged actively in any profession, trade, calling or employment within the Town Panchayat on the first day of every half year. The tax shall be paid half yearly. There is contribution from employer and employee towards this tax. The tax rates varies from state to state.
For the benefit of the employers in Chennai, the Corporation of Chennai has provided a online professional tax calculator in its website. This enables the employers to know how much professional tax they have to pay. Log on to http://www.chennaicorporation.gov.in/online-civic-services/professionTaxCalculator.htm (click on the image to get an enlarged view)
The inputs required are the no of employees working in the salary slots mentioned in the calculator. So employers in Chennai use this facility to calculate your company's profession tax liability.
Comics and Reserve Bank of India, not synonymous isn't. Yes strange it may look, but its true. RBI, the central bank of India, as a part of educating the public, particularly children have come out with an novel idea of publishing comics to educate the children on financial matters. In the pursuit of providing financial literacy regarding banking concepts to all groups of public, RBI has explored through a lot of ways like comics, films, games, to spread the awareness of banking fundamentals.
The comics are available online at http://rbi.org.in/financialeducation There are about six stories illustrated through comics giving financial education. Money Kumar, Raju are some of the characters you will encounter in these comics.
Direct Tax is one of the main sources of government revenue. Income tax forms a major component of direct tax. Salaried individuals, firms, HUFs, co-operative societies, domestic companies, foreign companies, pay income tax. Income tax department functioning under the Ministry of Finance, Government of India, is incharge of collecting, monitoring and ensuring tax compliance of various entities.
Income tax is calculated on the basis of income earned for the financial year (i.e from April to March) from all sources. Income Tax is based on the the Income Tax act 1961 and modifications issued from time to time. Tax rebate and exemptions are given under various sections of income tax act.
Common man often cannot comprehend the various provisions of the Act, hence there are a lot of apprehensions about how to calculate income tax in the minds of public. To solve this problem, the income tax department has published an online tax calculator at http://law.incometaxindia.gov.in/DIT/Xtras/taxcalc.aspx It is a very simple tool which any layman can use. All you will need is 3 inputs:-
1) The assessment year 2) Type of assessee 3) Your total income for the financial year. (click on the image to enlarge)
If you feed these inputs, your income tax is calculated instantaneously.
Are you a State Bank of India credit card holder? Are you finding late fees charged in your monthly credit card statement, though you have dropped the cheque in time? Are you weary of standing in a "Q" in the Bank and depositing the credit card payments? Are you not able to find a cheque drop point near your office/ house?
Well there is one solution for all these problems. Yes try paying your SBI credit card dues online. It is the easiest, fastest and safest way to pay your credit card dues. All you need to have is a internet banking account, which is offered by almost all banks today.
Log on to http://www.sbicard.com/ . Register yourself if you are a new user, by providing basic details about yourself. (click on the image to get an enlarged view)
Login by giving username and password. Next click pay now link:-
In the next page type your card no and reconfirm your card no., your email id and your mobile phone no. Enter the amount which you wish to pay. Select from where you want the payment to be made ie.net banking or debit card. Choose the bank from which you want to pay and click pay
It takes you to the payment gateway where you have to type your internet banking password and complete the banking formalities. If the transaction is successfull, you will receive a confirmation message on your screen. Also you will receive a email and mobile phone confirmation to the data already given.
Thats it! It will take a few minutes to complete the entire transaction. So next time you pay your credit card due think of this easiest option.
In this workalcholic culture, there is only time for work and we often fail to know atleast some fundamental rules or procedures in our day to day functioning, which an ordinary citizen in this country should possess. This post and related posts will throw some light on some rules, procedures we come across in our public life
Let us see some Rules in banks which have been laid down by Reserve Bank of India (RBI).
Do you know banks should also accept cheques at counters duly giving an acknowledgement of receipt?
Cheques can also be deposited at the collection counters at the bank and the customer can obtain the acknowledgment for receipt of the cheque, RBI has given instructions through its letters(DBOD.No.Leg.BC.74/09.07.005/2003-04 dated April 10, 2004), DBOD.No.Leg.BC. 49 /09.07.005/2006-07 dated December 18, 2006that the option of depositing the cheque at the cheque drop box or at the collection counters rests with the customer. The bank should provide both the facilities and the customer has to take an informed decision. It is the hanks responsibility to see that the customer is aware of both the options. For this purpose RBI has instructed the banks to display the following words at the cheque drop box in English, Hindi and regional language of the state 'Customers can also tender the cheques at the counter and obtain acknowledgment on the pay-in-slips'
Do you know that you can have your saving accounts passbooks instead of the quarterly statement?
RBI has instructed to bank vide its letters DBOD.No.Leg.BC.74/ 09.07.005/2004-05 dated April 10, 2004, DBOD.No.Leg.BC.74/ 09.07.005/2004-05 dated April 10, 2004, DBOD.No.Leg.BC.32 /09.07.005/2006-07 dated October 4, 2006. that banks should invariably give passbooks for saving account holders due to inherent defects in the quarterly statement system. The statement has a lot of disadvantages like it should be filed, the closing balance and opening balance should be tallied, the transaction slips to be maintained, can be lost in postal transit etc. In case a statement is sent RBI has stated that statement should be sent monthly and charges for providing the pass book, statement should not be borne by the customer.
In case the bank does not provide the same within a fortnight the bank has to paid interest as in FD to compensate the customer for the delay. Only the purchaser/ beneficiary are eligible to apply for demand draft. Duplicate demand draft will not be issued to third party.
Do you know that banks cannot refuse cheques having fraction of rupee.
Instructions have been issued by RBI to banks that in all transactions where fraction of rupee is involved, they must be rounded off to the nearest rupee. In case it is more than 50 paise should be rounded off to next higher rupee, while less than 50 paise should be ignored. As per RBI guidelines DBOD Dir. BC. 6/13.03.00/2006-07dated July 1, 2006, Ref: DBOD. Dir. BC. 70/13.01.01/ 2006-07 dated March 30, 2007no bank can refuse to accept a cheque having fraction of rupee. Action has to be taken against the erring staff and the staff must be trained to accept the same. Any bank violating the aforesaid instructions would be liable to be penalised under the provisions of the Banking Regulation Act, 1949
Do you know that a bank should not refuse to open an account solely on the ground that the person opening the account refused to provide a nomination.
RBI has instructed that banks should insist on a customer opening a deposit account, to provide a nomination for the account. The reference letters are Circular DBOD. No. BC.95/09.07.005/2004-05 dated June 9, 2005, Ref: DBOD.No.Leg BC. 75 /09.07.005/2006-07 dated April 5, 2007 The advantages of having a nomination should be explained in detail to the customer. In spite of all this if the customer does not want to give nomination, the bank shall obtain the same in writing from the customer stating that the customer is not willing to give a nomination. If a customer does not also produce a letter, the same should be recorded in the application form and processed further. On no account shall the bank reject the deposit account on the basis that the customer does not provide nomination.
All the above information and other useful information are available in the following RBI link :
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