Showing posts with label Bank Services. Show all posts
Showing posts with label Bank Services. Show all posts

March 24, 2018

Zerodha Demat Account Review

2018-03-24T15:56:00+05:30
I am going to share Do-It-Yourself method of opening an account with Zerosha online and do a Zerodha Demat Account Review. I will show you how to open a zerodha account online, how to login to Zerodha account, what are the required zerodha account opening documents including ZERODHA account opening form pdf and zerodha account opening charges.

It is not free and there is a bunch of stuff you need to do to open an account with Zerodha online and start online stock trading, option trading, commodity brokerage, futures trading, brokerage, equity and mutual fund investing services at lowest prices.

Step by Step Guide to Open an Account with Zerodha Online and Zerodha Demat Account Review

Go to Zerodha Website.

  1. First - Register the account with the required details; Email & Set Password.
  2. Enter Full name, Email and Mobile.

    Zerodha online trading account open

    Set a Password.

    Zerodha Demat Account Review


  3. Enter Your PAN and Date of Birth - If you have done eKYC or KYC before, it will fetch your details and show whether you are KYC complied or not.Enter Your PAN and Date of Birth
  4. Pay the Account Opening Fee - Zerodha account opening charges is a one time fee of 500 rs as account opening fee. This account opening charge can be paid online only using net banking wallet or credit card.Pay online zerodha account opening charge
  5. Enter your Aadhaar for esigning
  6. esign with AADHAR

  7. Enter OTP numberGenerate OTP and Enter it
  8. Fill in few basic details like background details , bank details etc.ENter bank account, IFSC details etc.
  9. IPV ( In person verification) - Write the unique 4 digit pin displayed to you on a piece on paper and hold it while clicking the IPV images. Make sure the pin is visible to the camera. I did not do this step and directly went to the next step.
  10. Two options- Aadhaar and Print and courier. 
  11. Choose Aadhaar Choose Aadhar to sign online on equity and commodity
  12. Upload the required documents [Income proof only if you want to trade in NFO and CDS segments]Esign AADHAR and add bank proof, income proof, your current signature
  13. Bank proof ( Personalized canceled Cheque/1month Bank statement / Passbook front page xerox) - If you have internet banking, you can easily generate 6 months account statement online and download via pdf. Upload this as Bank Proof. It shows MICR code.Bank Account statement for the last 6 months period online
  14. Income proof (Pay Slip/ITR/6 months bank statement)If F&O segment required. - You can upload the 6 months account statement pdf that is used as Bank proof for this.
  15. Signature proof - Sign on a white sheet , click a picture and upload
  16. Pan copy - upload pan copy with self attest ( If not KYC compliance) -  I did not do this step and directly went to next step.
  17. You need to click on “esign Equity” or “esign Commodity” as per requirement. [You have to authorise Digio, to e sign]esign commodity and equity stocks
  18. Proceed with Email Verification CodeProceed with Email Verification Code
  19. E sign is complete
  20. Now download Demat POA, Commodity ECN forms and print them. As per the SEBI rules, Demat POA & ECN can't be digitally signed. So you have to print and courier this form.
  21. If your kyc is verified as ekyc-otp-e or n which means that your kyc is in-complete. Zerodha shall process your account but still you will not be able to invest in MF if your kyc status in N and if your kyc is verifed as E-KYC you cannot invest more than Rs 50,000. So to complete your kyc process you have to send the kyc page duly signed by affixing the photograph along with self-attested pan and address proof. Zerodha shall complete your kyc after receipt of the hard-copy. If you are not KYC compliant, you will receive a mail from Zerodha to submit a copy of KYC form also, download that and print it. You have to courier all these to Zerodha office in Bangalore.
  22. Call anyone at Zerodha and ask how to fill the form and where to sign and try not to make any mistakes. Otherwise you have to resend it again. 
  23. Summary of Documents You need are; 
1. KYC form with self-attested pan and address proof. - if only eKYC verified and received mail from Zerodha team.
2. Power Of Attorney (Voluntary)
3.  Electronic Contract Note (ECN) declaration (Voluntary)
4.  Nomination Details - Annexure 1A

Mention your Registered mobile number and mail ID on the top of courier sheet.

Send the Courier to Zerodha address.
Zerodha, #153/154, 4th Cross Dollars Colony, Opp. Clarence Public School, J.P Nagar, 4th Phase, Bangalore - 560078.

I would suggest you to scan all the documents after you filled and signed and keep a copy for any future purpose. 

Zerodha Online Account Activation

Your Zerodha account will be functional in next 24 hours. After 1 business day, You will mail from Zerodha on Account opening and user added with User Name / User ID and Login Password. 
To login on the web using any browser, please visit https://kite.zerodha.com/

Zerodha Dashboard after opening account


Happy Trading!!!.

February 20, 2018

How to update or correct Aadhaar details online and offline

2018-02-20T12:18:00+05:30
This post provides Step-by-step guide to update/change/check/correct Mobile No, email id, name, Address, date of birth, gender details via Aadhar self service update portal of uidai online and How to update or correct Aadhaar details online and offline or by visiting enrollment center with Hindi and English versions of aadhar card correction form.

Why AADHAR linking is Needed

You may need to connect your AADHAR with the following services before 31 March 18 to avoid further issues.


How to update or correct Aadhaar details online and offline


How to update or correct Aadhaar details online and offline

I have been searching Internet for the last two days on ways to change AADHAR data. I ended up wasting time by reading similar articles that describe only online methods of changing Aadhar details and I was unable to do. The UIDAI website throw up errors like below.

ssup.uidai.gov.in refused to connect


uidai.gov.in took too long to respond


I wanted to know how we can change change details offline.

Here is a consolidated post on how to update or change aadhar data. I would request you to share this post to as many people as possible because I hope you know the pain behind finding solutions on AADHAR correction and updating.


How To Change Mobile Number Via Aadhar self service update portal and uidai aadhar update via post

You can check the article here to do that. - Economic Times

AADHAR Correction form for changing email, name, date of birth and address to send via post to UIDAI office. Download from here.

How to change mobile number Offline Through Enrollment Center

Note: You cannot change mobile number by sending the aadhar card correction to UIDAI office. You only change email, name, date of birth and address with it. You can change mobile number via online if you are receiving OTP.

If you are not receiving OTP, you have to go to the nearest permanent enrollment center to change mobile number. You cannot do aadhar card correction online without getting OTP in the registered mobile number.

Fill the AADHAR correction form

You need to download the AADHAR correction form. Fill the form correctly and add all the information. I got this from a local enrollment center and I scanned it. I do not have the English or any other language Version.

AADHAR correction form

Download the form

Find Nearest Enrollment Center

Find Permanent Enrollment Center by going to UIDAI website here. Select State, District, Village and check the map to see the place. You can also check with local people to see if any ADHAR updating is done nearby. You can go to any enrollment center anywhere in India even if out of state to change information in AAdhar.

Go to the Enrollment Center

Take filled AADHAR correction form and photostat or original AADHAR Card and go to the nearby AADHAR Enrollment Center and tell them what need to be changed. They will ask you to put 4 fingers in the bio metric machine, take your photo,  scan your AADHAR correction form and ask you to verify the entered data. Once you verify it, you will be asked to pay 25 Rs. They give you a receipt of the payment with a request number. The process of updating AADHAR form is over.

Note: You only need the filled correction form and copy of aadhar card to do the changes. No need to take voters id, photos or any other certificates.

It may take twenty days for your information to be reflected in online status and may take up to ninety days for the AADHAR generation and update.
Verify the Updation
After 2 days, go to UIDAI website here. Add Enrolment ID, date and time and Security Code. You can get the Enrolment ID and date and time in the receipt you got from Enrollment center.

Download updated AADHAR cerificate

GO to UIDAI website link here. Enter necessary details and OTP number.  One Time Password would be sent to your registered mobile number. Select Validate and Download. To open the AADHAR certificate, use first four capital letters of your name and your birth year as password. Eg: If name is AKHIL and birth year is 1987, then use AKH1987 or AKHI1987.

Share this post to as many people as possible

February 19, 2018

How to Lend Money to a Friend and Get it Back

2018-02-19T15:50:00+05:30
We all lend money to friends and most of the time we get it back also. There are some cases where money given to friend is not returned properly and you may have gone though great efforts legally or by force to get it back. What are the things that you should take care before lending money to a friend and ensure to get money back from a friend legally. This post will provide you how to lend and recover money from a friend to avoid issues like someone borrowed money not returning, legal advice to get money back and sue your friend.


lend money to a friend


How do you make a decision on Lending Money To Your Friend?"

I remember an old joke.


Employee ask boss: How do you take a decision on money matter?

The boss replies, " I toss a coin, and when the coin is in the air, I know the decision which I need to take."

You ask your heart. If you are going through a struggle and want some money, will this person give you that.

Assess his savings, assets and his past history of giving money back to the lenders.

Steps to Lend Money to a Friend

Take a paper and pen. Plain paper is good enough. Stamp paper has no relevance, if you do not register it. Write a summary of the friendly loan, you, witness and your friend to sign it and your friend offers you post dated cheque or undated cheque. A bounced cheque is grounds for a police complaint, per the negotiable instruments act.



You can ask for a post dated cheque if the friend tell you that he will pay you back in a time frame. Otherwise get an undated cheque.


Date:

Subject: Friendly Loan

This agreement, for a short term is to document a friendly loan between ...Name.... (mobile number / PAN number XXXX) and (Friend's name), where, (Friend's Name) has approached .....name..... for a short term friendly loan, to meet some personal expenses, mainly related to [Refinancing an existing loan / Pay for Medical expenses / Clear an existing Mortgage].

The amount being lent, as a friendly loan, that bears no interest is {Numbers / Words}. Friend's name has provided security in the form of a cheque, drawn on {Bank's name}, bearing number XXXXXXX with a promise to honour it before {Date, Month and Year}.

This agreement is made in good faith on this day, witnessed by __________ (Mobile / Pan number)


Signatures


The cheque, where the amount and the beneficiary (your name) should be clearly written in his / her handwriting, incorporate the cheque by reference, by mentioning it in the document.

Transfer the money to the person' account and do not pay cash. You can use NET Banking for that. You will get a receipt Number in NEFT.

Ensure that you maintain a trail. If it is not too indecent, get it witnessed (optional).

Make 2 copies and give him one. When the repayment is done, destroy the document and the cheque.

This way you can ensure that you are serious about the money given and your friend will also get the serious vibe from you. Please share for others who are confused on how to lend money to a friend in emergency cases.

September 5, 2017

How to Verify that Restaurant Have Registered GST or Not

2017-09-05T00:50:00+05:30
There has been many reports that hotels and restaurants are charging customers almost double of the actual cost of food using GST added bills. Most of the hotels and Restaurants have registered but there are a few Restaurants that have not registered to GST but still charging GST Taxes, CGST, taxes, SGST taxes adding additionally to the food bill. Here is a way to verify that Restaurant Have Registered GST and their tax details in your mobile phone.

August 23, 2017

Think Twice Before Opening Multiple Bank Accounts

2017-08-23T09:29:00+05:30
Are you a person with multiple saving bank accounts. Are you planning to take multiple bank accounts. Have you notice how your money is slowly disappearing from bank accounts? You must read these 7 reasons on why you should think twice before opening bank [SB or Current] accounts in multiple banks.

August 22, 2017

How To Verify GST Bill For Meals From Hotels and Restaurants

2017-08-22T16:43:00+05:30
There were many incidents reported where non registered hotels and restaurantsof duping the bill with GST, CGST and SGST tax rates. Non registered businesses such Hotels and Restaurants should not collect GST tax for products and services as they are not paying Goods and Services Tax to Central and State Governments. There were multiple reports from customers who posted the bills from Hotels and Restaurants in social networks, asking how to verify GST amounts in the food bills. Here is a quick guide to verify the the GST taxes included bills and how to verify that restaurant have registered gst.

August 15, 2017

Calculator Tax For GST Cananda

2017-08-15T03:11:00+05:30
Canada has 2 tax systems - HST and GST + PST. Here HST stands for Harmonized Sales Tax and GST + PST stands for Goods and Service Tax [GST] + Provincial Sales Tax [PST]. These rates are fixed and regulated byThe Canada Revenue Agency (CRA).

August 14, 2017

How to Enable International Transaction on SBI Debit Card

2017-08-14T15:06:00+05:30
Here is a short guide on how to enable international transaction on sbi debit card of State Bank of India. SBI debit card are usually is used for domestic transactions in India however there is a tested method debit card for international transactions. The International Transaction fees will apply for the debit card. You can use the debit card for international transaction especially for Paypal. Many have asked me on can sbi classic debit card be used internationally, how to enable international transaction on sbi credit card, sbi classic debit card international use and how to enable international transaction on sbi debit card. In this post I will explain how to enable international transaction on SBI debit card, what is domestic usage in atm card and sbi international debit card charges.

Debit Card For International Transactions

Identify the debit card that you have. SBI has four debit cards. Global Visa, MasterCard, Classic Debit Card and Paywave touch.

SBI debit cards. Global Visa, MasterCard
SBI debit cards Classic Debit Card and Paywave touch
Check whether "International Debit Card" is written on the back side of the Debit card.
You can only activate International transactions if "International Debit Card" is written on the debit card.

International Debit Card

Activate POS Channel For International Usage On Debit Card

POS channel is Point of Sale Transaction that will support transaction through point of sale terminal.

Go to Online Sbi Website and Login using your credentials.

e services > ATM Card Services >ATM Card Limit/Channel/Usage Change > Select your bank account > Continue > Select Card number >Select Services > Change Channel type > Submit >Select Channel Type > POS Channel >Enable POS Channel > Submit > Enter OTP number > Submit.


Activate International Usage in Domestic Debit Card

e services > ATM Card Services >ATM Card Limit/Channel/Usage Change > Select your bank account > Continue > Select Card number >Select Services > Change Usage type > Submit > Select Usage Type > International Usage > Enable International Usage > Submit > > Enter OTP number > Submit.

Enable International Usage On Debit Card Through Mobile


Create a new message > Type SWON INTL XXXX [where XXXX is the last four digits of your card] > Send SMS to 09223966666.

Once you have done all the three above steps, wait for 1 hour and then international transaction would have been activated on your SBI debit card. You can use it for paying using Paypal.


To do transaction through PayPal, choose Pay Via Visa, Master card

Choose Pay With a Card in PayPal.
pay with a debit card paypal

Use Guest Checkout.


International financial transactions using Debit card on paypal


You can also add your debit card to Pay Pal and do transactions from there.

Tags: sbi domestic debit card activate to international

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