Income tax returns must be verified after submission. This process means signing a physical copy of your ITR-V and sending it via speed post to CPC, Bengaluru. You can choose any of these means to verify your tax return and skip sending the physical copy of ITR-V.
The Bank in a statement said it was committed to passing on the benefit of lower cost of resources to its customers at the bottom of the pyramid and for this, a further rate was reduced by 60 basis points.
India Posts, which had last year won a licence to operate a payment bank, has not been able to move much on starting operations.
DCB Bank Chairman Nasser Munjee said, "Bengaluru is an important centre for us.... These ATMs are testimony to our commitment to invest in customer facing technology and promote a new way of banking," according to a Bank release.
"Some customers often miss to pay bill because of fix timing of BSNL counters. With these ATMs in place, customers will be able to pay their bill during any time of the day," BSNL CMD Anupam Shrivastava said while inaugurating the ATM facility in Pune.
To check debit card frauds, SBI has launched a facility under 'SBI Quick: SMS and Missed Call Banking' service whereby the customer can choose to activate or deactivate their cards using various platforms, like ATM, and Point of Sale (POS).
The deadline for putting money in the ATMs in rural areas would be 5 PM and 3 PM in Naxal-affected districts. Also, specially designed cash vans, fitted with CCTVs and GPS, must not carry more than Rs 5 crore per trip.
"We have started the first ATM in the country which operates using the Aadhaar data. One can do a transaction without the card as well," the bank's Managing Director and Chief Executive Murali Natrajan told PTI.
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"To provide better access to financial services, especially in rural areas, we will undertake a massive nationwide rollout of ATMs and micro ATMs in post offices over the next three years," Finance Minister Arun Jaitley said in his Budget speech for 2016-17.
Telecom Minister Ravi Shankar Prasad said the project involves providing a central server-enabled integrated, modular and scalable solution for all operations of the Department of Posts.
Of the 27 PSBs, Bank of India, Canara Bank, Indian Bank, Oriental Bank of Commerce and Vijaya Bank have exceeded their planned ATM installation while Dena Bank is yet to set up any against its target of 1,200 ATMs.
"Banking is now not just brick and mortar, but includes among others, online banking and point of sale (POS). Our business will substantially diversify," LVB's MD and CEO P Mukherjee said at a press conference here.
IBM will manage, monitor and maintain the ATM infrastructure providing BTI better visibility and control of its operations and enabling its maximum efficiency, it added.
Kartik Jain said the 360-degree campaign was first rolled out in non-metro cities before Diwali, and will soon be hitting the eight metros. Last fiscal, the bank had invested Rs 140 crore in advertising efforts.
There has been a 9.2 percent hike in average tariff for CESC in 2014-15 from the average tariff (actually charged) for 2013-14, a CESC source said.
The apex policy-making body of the I-T department is actively working to ensure that this customer-friendly measure can be launched for taxpayers from the next financial year.
ATM facilities would be made available in its 31 branches in the district which were already computerized, N Krishnaraj said.
State-run Indian Overseas Bank has launched Rupay MUDRA Debit Card under the Pradhan Mantri MUDRA Yojna, targeting the micro, small and medium enterprises.
Payments Banks are allowed to collect deposits (initially up to Rs 1 lakh per individual), offer Internet banking, facilitate money transfers and sell insurance and mutual funds. Besides, they can issue ATM/debit cards, but not credit cards.
The instant refund will be completed using Immediate Payments System (IMPS) transfers, it said adding that the CoD IMPS return facility is currently active for banks having IMPS transaction capability.
The Muthoot Pappachan Group, with its flagship gold financing arm Muthoot Fincorp, has floated a new company--MPG Security Group-to take its "technologically advanced security services through emergency response teams (ERTs)" nationwide.
The RBI in July 2009 had allowed cash withdrawal at POS terminals for debit cards and subsequently in September 2013 this facility was extended to pre-paid cards issued by the banks.
RBI has given nod to 11 entities to launch such niche banks within next 18 months. "Payments banks will change the banking habits of people, it will change the way they think, it will change the way they keep the money, where they keep their money, it will change the way they pay," Jaitley said at the Indian Bank event here.