RBI/2007-2008/260
DPSS No.1405 / 02.10.02 / 2007-2008
March 10, 2008
The Chairman / Chief Executive Officer
(All Scheduled commercial banks including RRBs)
Dear Sir
Customer charges for use of ATMs for cash withdrawal and balance enquiry
1. Automated Teller Machines (ATMs) have gained prominence as a delivery channel for banking transactions in India. Banks have been deploying ATMs to increase their reach. While ATMs facilitate a variety of banking transactions for customers, their main utility has been for cash withdrawal and balance enquiry. As at the end of December 2007, the number of ATMs deployed in India was 32,342. Commensurate with the branch network, larger banks have deployed more ATMs. Most banks prefer to deploy ATMs at locations where they have a large customer base or expect considerable use. To increase the usage of ATMs as a delivery channel, banks have also entered into bilateral or multilateral arrangements with other banks to have inter-bank ATM networks.
2. It is evident that the charges levied on the customers vary from bank to bank and also vary according to the ATM network that is used for the transaction. Consequently, a customer is not aware, before hand, of the charges that will be levied for a particular ATM transaction, while using an ATM of another bank. This generally discourages the customer from using the ATMs of other banks. It is, therefore, essential to ensure greater transparency.
3. International experience indicates that in countries such as UK, Germany and France, bank customers have access to all ATMs in the country, free of charge except when cash is withdrawn from white label ATMs or from ATMs managed by non-bank entities. There is also a move, internationally, to regulate the fee structure by the regulator from the public policy angle. The ideal situation is that a customer should be able to access any ATM installed in the country free of charge through an equitable cooperative initiative by banks.
4. In view of this, RBI had placed on its website an Approach paper and sought public comments. The comments received have been analysed. Based on the feed back a framework of service charges would be implemented by all banks as under:
5. For the services at (1) and (2) above, the customer will not be levied any charge under any other head and the service will be totally free.
6. For the service number (3) the charge of Rs.20/- indicated will be all inclusive and no other charges will be levied to the customers under any other head irrespective of the amount of withdrawal.
7. The service charges for the following types of cash withdrawal transactions may be determined by the banks themselves:
(b) cash withdrawal in an ATM located abroad.
8. Please acknowledge the receipt of the circular. A copy of the circular issued to your branches on this subject may please be submitted to us in due course.
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Tuesday, 25 November 2014
Customer charges for use of ATMs for cash withdrawal and balance enquiry
Friday, 21 November 2014
Latest Income tax slabs for FY 2014-2015
Latest Income tax slabs for FY 2014-2015
Calculate your tax based on the tax slabs for year 2014-2015. Detailed split for general, women, senior citizen etc are provided.
The previous income tax slab for year 2013-2014 can be found here - Income tax slabs 2013-14.
India Income tax slabs 2014-2015 for General tax payers and Women
| Income tax slab (in Rs.) | Tax |
|---|---|
| 0 to 2,50,000 | No tax |
| 2,50,001 to 5,00,000 | 10% |
| 5,00,001 to 10,00,000 | 20% |
| Above 10,00,000 | 30% |
India Income tax slabs 2014-2015 for Senior citizens (Aged 60 years but less than 80 years)
| Income tax slab (in Rs.) | Tax |
|---|---|
| 0 to 3,00,000 | No tax |
| 3,00,001 to 5,00,000 | 10% |
| 5,00,001 to 10,00,000 | 20% |
| Above 10,00,000 | 30% |
India Income tax slabs 2014-2014 for very senior citizens (Aged 80 and above)
| Income tax slab (in Rs.) | Tax |
|---|---|
| 0 to 5,00,000 | No tax |
| 5,00,001 to 10,00,000 | 20% |
| Above 10,00,000 | 30% |
The previous income tax slab for year 2013-2014 can be found here - Income tax slabs 2013-14.
Share this -
Source : http://financeminister.in/latest-india-income-tax-slabs
Kamal Kumar
Ph.8976898100
Tuesday, 23 September 2014
Create Dimension in Ax 2012
Create Dimension in Ax 2012
What is Dimension: Dimension mainly use for
classification of our expense. If we need classification our expense in
different location wise, department wise, Emp.wise. We are create Dimension for
that classification and when we enter the data use the dimension in which
expense is doing. In ax 2009 is provide only three Dimension but in ax 2012
provide multiple dimension as per your requirement.
Use of Dimension:
1.
Use
Dimension in Budget and Expense Control
2.
Control
our expense
3.
Tracing
the expense
4.
Interlink different module value to general
ledger
Process of
Create Dimension:
Open Ax-àGeneral Ledger--àSetup-àFinancial Dimension
Click on new
Button after that new form open. First is form use value form. There are two options
to create dimension.
first one is <Custom dimension> if we do
not want create new dimension and do not pick value from any module and want to
create new Unique Value select first option. 
Click on
Custom dimension button. Given Dimension name Brunch and report column name
brunch after that click on Ctrl+S. After that click financial dimension Values.
Click on new button.
Given value
of Dimension Value and Descriptions. And other detail like level of dimension
value to display , active from active to after that save it to Ctrl + S and
close it 
Click form
button to Create new and delete dimension value
There is
second option is pick value from different module, we are used their modules value
like Emp. In above screen we are used department, fund source
You select
any one from list. For Example we are
selecting our Bank account after select this screen dimension name automatic
display Bank Account. You had given Report Column name Bank.
After that
Click on Financial Dimension value you see all the list of your Bank account.
Enter double click of any one and you can edit the detail.
That is
process of create Dimension if you have any problem contact us.
Kamal Kumar
Ph.+91-8976898100
Skype ID- kamal.ax
kkumar@brightpointinfotech.com
Brightpointinfotech.com
Tuesday, 29 July 2014
Filling your Income Tax Return in Telephone
Hi,
For E-filling Your Income Tax return , though Telephone , given your Basic Detail Like income, saving ,and other misc detail and get your return copy
For Further Detail Contact : -
Kamal Kumar
Ph.8976898100
For E-filling Your Income Tax return , though Telephone , given your Basic Detail Like income, saving ,and other misc detail and get your return copy
For Further Detail Contact : -
Kamal Kumar
Ph.8976898100
Sunday, 6 July 2014
Maximum limit of Registration of email ID or Mobile in Income Tax India e-Filing Portal
Important announcement for Tax payers for updating contact details
in
e-Filing Portal
Dear Tax Payers,
Income-Tax Department uses the registered contact details (Mobile number & E-mail ID) for
all communications related to e-Filing. It is mandatory that all tax payers must have a valid
contact details registered in e-Filing portal.
It is noticed that many registered users are not having authenticated contact details in e- Filing or
may have provided details of other
persons for convenience. This prevents the
Department from interacting directly with taxpayers on their personal email and Mob ile.
Further, it has been observed that in many cases taxpayers
are not able to reset their
password
since the email communication
from the
Department
may
be sent to
their registered email or Mobile which may be different from the taxpayer’s personal email or
mobile.
Hence, it is requested that all the e-Filing users may immediately update and authenticate their correct contact details so that the communication can be sent to the valid Mobile number and E-mail ID.
The process of updating and authenticating the contact details are below.
New User
|
Provide the correct Mobile Number and Email ID during the Registration in
the e-Filing portal, Activation link would be sent to the registered E-mail ID and a One Time Password (OTP also called PIN) is sent
to
the registered
Mobile Number. User needs to Click on the Link provided in the E-mail and
enter the OTP received in the mobile number for Successful activation of the registered user
in e-Filing portal
|
Registered
User
|
After the user logs in to the e-filing account, the user is requested to update
the current Mobile number and E-mail ID. The user should update their personal Mobile number and Email so that the updated contact particulars
are registered with the Department
or
confirm that the Mobile number and
email
ID already registered is their valid personal contacts.
Upon submitting
the details,
Department would immediately send OTPs (PIN1 & PIN2) to new mobile number and Email ID. The respective PINs-
PIN1 and PIN2 received through Mobile number and E-mail ID should be
entered by them in the respective input fields to authenticate that the email
ID
and mobile are correct. Upon successful validation the Mobile number
|
and email ID would be updated in the taxpayer’s profile and the process would be complete.
If the PINs are not received within specified time
(say
2
minutes), the taxpayer may opt for
“Resend PINs”
option. The PINs once received will be valid
for
24 hours.
The taxpayers are advised to validate the contact details using the
PINs received within 24 hours. If PINs are not validated within 24 hours,
the taxpayer has to login and follow the same procedure as above again.
Note:
Taxpayers are advised to follow
the process mentioned above in the interest of the security of their e-filing account and to directly receive communication from the Department about status of processing and issue of refunds etc.
This is a one-time process
to
validate the mobile number and email ID. However, whenever
the taxpayer changes the Mobile Number or
email ID in their
Profile, the process will be
repeated to ensure that the particulars provided are correct.
One mobile number or
email ID can be used for a maximum
of
10 user accounts as the
Primary Contact- Mobile Number and Email ID in e-Filing. This is to ensure that
family
members (not exceeding 10 separate users) not having personal email or mobile can be covered under
a common email
or mobile, but in general
taxpayers should have their own unique email
ID and Mobile registered with the Department.
The taxpayer
can
enter
any other
person’s
email
or mobile
number in
addition
as a Secondary Contact (without any restriction on the number of user accounts linked as a Secondary Contact). Using “P rofile
S e ttings à My P rofi le ” the taxpayer can select to
include the Secondary Contact to also receive emails, alerts etc.
Include the emails and SMS from
the Income tax Department in the ‘safe list’ or ‘white list’ to prevent the communications from the Department from being blocked or rejected or sent to
Spam folder.
As a best practice, please update and authenticate the current contact and address details under
“P rofile
S e ttings à My P rofi le ” after login to eFiling portal.
Reff : https://incometaxindiaefiling.gov.in/eFiling/Portal/StaticPDF/Update_Contact_Details.pdf
Kamal Kumar
Ph.9996480619
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