Due to the strict rules of RBI, the business of mobile wallets has been stalled

Due to the strict rules of RBI, the business of mobile wallets has been stalled                                                                                                                                New Delhi: Due to the strict rules of the Reserve Bank, the business of mobile wallets has been suspended. In March, Wal-Mart companies saw a 13 percent fall in business. 

 Companies are now concentrating on providing financial services to increase the number of customers. After notebooks, mobile wallet companies such as PTC, Mobikweek benefited a lot. By January 2017, the number of users of mobile wallet companies was more than 50 crores. But due to the Reserve Bank's scathing KYC rules, the business of wallet companies seems to be slowing down. In this situation, like Mobikweek, PtM, Oxygen and EbixCache Companies have started selling mutual funds, insurance plans and POS machines, considering the growing demand for financial services. PATM is not the only way to make payments. After launching the Patti Payment Bank, facilities such as mutual funds, insurance plans and gold bonds have started for customers. At present, PTM Mole also started its POM machine service. Considering Oxygen's changing situation, the WALT facility has decided to launch other services, including POS. Ebkcash is also increasing its business in the Remittance Service, Insurance and Landing Service.    click here

Do not want to check with the base card and check it now

Do not want to check with the base card and check it now      Do not want to check with the base card and check it now Even though the process of linking the bank account with the support card has not yet ended, the government can now require a base number of lakhs on current A / C check. According to a report, the option of writing a support number on the current account check has been given. The number of checks to be given in the checker's place will be recorded and deposited in the bank. And yet at the beginning, the new system can create trouble for traders. According to traders, the way the government mandates a base card, and this new rule will also be compulsory, it will be very shocking. There is also a question about this: When the seller, buyer and buyer, the account number, the PAN card, if linked with the base card, the reason behind linking the check with support can be? Earlier, the traders also raised objections against GST. After that, according to traders, if the government wants to ease the business of merchants then this kind of new problems should not be created. As well as increasing the work of traders. Although no official announcement has been made by the government on this yet. cilck hare                                                                                                                  So far, these services have been linked to the support card 

1. Mobile number
2. Pan Card
3. Bank account
4. LPG gas connection
5. Ration Card
6. Election card

Banks in the tension will stop, free services you get

Banks in the tension will stop, free services you get

The banks charging charge from non-mortgage customers are now in tension. But you do not have to be happy, because this tension can also increase your headache. On the basis of which minimum balance maintenance is done, the tax demand is based on tax on the basis of which the bank levits the penalty from customers not paying minimum balance.

That is, the s min account has been levied on the account as compared to the minimum balance maintenance as the amount is levied by the bank, not by the non-maintenance customers. In fact, the tax department has recently asked some banks to pay tax on the free services given to customers who do not have minimum account balance maintenance. Let us tell you what it means and how it will affect your pocket.The country's top banks, such as SBI, HDFC, ICICI, Axis and Kotak Mahindra, have been asked to pay taxes for the free service given to those customers who did not have minimum balance maintenance in the account.

Due to the average Minimum Balance Maintenance in the account, you get many services free. But if the bank has to pay taxes on these services, then it can not get free services such as ATM transaction, fuel surcharge refund, check book, debit card. This tax has been sought from the date of the date which is about thousand crores. DGGST has issued notices to banks to show cause for this matter. Such notice may also be sent to other banks. The bank has demanded the withdrawal of the notice from the tax department following this notice.

Banks have been demanding the last five years of tax. Banks are worried that they will not be able to ask for this money from the back date. And if tax is kept, then customers will be able to go ahead and raise their burden. cilck hare