Missed call Banking : Know Bank Balance through missed call number

In order to avoid unnecessary queue in ATM centers, all the banks in India have introduced Missed call facility through which the customer can know their bank balance just by giving a missed call from the registered mobile number with the bank.

To know bank balance through missed call number :

Bank Name	Missed call mobile number
Allahabad Bank	9224150150
Andhra Bank	9223011300
Axis Bank	1800 419 5959
Bank of Baroda	9223011311
Bank of India	9015135135
Canara Bank	9015483483
Central Bank of India	9222250000
Corporation Bank	9268892688
Dhanalaxmi Bank	8067747700
Federal Bank of India	8431900900
HDFC Bank	18002703333
ICICI Bank	2230256767
IDBI Bank	18008431122
Indian Bank	9289592895
Indian overseas Bank (IOB)	04442220004
Karnataka Bank	18004251445
Karur Vysys Bank (KVB)	9266292666
Kotak Mahindra Bank	18002740110
Laxmi vilas Bank	928241155
Punjab National Bank (PNB)	18001802222
Punjab Synd Bank (PSB)	1800221908
Saraswati Bank	9223040000
South Indian Bank	9223008488
Standard Chartered Bank	m.sc.com/in
State Bank of Bikaner Jaipur (SBBJ)	9223766666
State Bank of Hyderabad (SBH)	9223766666
State Bank of India (SBI)	1800112211
State Bank of Mysore	9223766666
State Bank of Patiala	9223766666
State Bank of Travancore	9223766666
Syndidcate Bank	9664552255
Union Bank of India	9223009292
Vijaya Bank	18002665555
Yes Bank	9840909000

UBP/XFER amount debited by Bank | Meaning and Expansion

Sometimes you can see your bank statement mentioning debit transactions with abbreviation UBP/XFER followed by transaction number .
Mostly banks like ICICI and Axis bank uses this UBP/XFER abbreviation in the account statement. This article will give you precise information about UBP/XFER abbrevation appeared in your bank statements.


Expansion for UBP/XFER is Utility Bill Payment / Transfer. Some banks refer it as UBT/XFER.
Usually banks denote the word transfer as XFER in the transaction statements.

So, the amount debited related to UBT/XFER transaction might be completely related to online payment that you have recently made.
It includes utility Bill Payments like Water bill, Gas bill, electricity bill, online Bus Booking, Theater/movie ticket booking, online purchasing like Paytm, Flipkart etc.

If you have received credits in the name of UBP/XFER transaction, it will be locked for sometimes until it is confirmed by the bank. Once it is verified by the bank, then it will be added to your available balance. It may be also some cash back sent by the online merchant site you have purchased.

Sometimes UBP/XFER transaction may appear when the transaction between intra bank acoount (example : within ICICI bank), is not fully completed. It will reflect in your account immediately but take some time to get confirmation and to get added in main balance.

To get the precised information about the transaction, you can contact the bank customer care with your transaction information.

Submit Form 15G/H with PAN to avail TAX benefits | Save TDS waiver on deposits

You might receive notification SMS from your bank accounts related to your deposits requesting Form 15G/H submission.



The SMS notification would be like , "Dear Customer, Kindly submit Form 15G/H with PAN before April 2015 to your home branch for availing TDS waiver on deposits for this FY 2015-16"

This SMS is generally notified by banks like HDFC, KVB, ICICI, SCB , KOTAK to notify their customers to avail tax benefits on their interests on deposits they have on their banks.

How to respond to this Form 15G/H notification to avail tax benefits :

1. Form 15G/H can be obtained online or from your bank branch. You have to self declare that the tax decuction for previous FY was nil so that the bank will not deduce tax on interests on your deposits for the current Financial year.
2. You have to submit the form within the due date mentioned by the bank to save TDS ( Tax Deduction on source)

KVB: Check Balance Enquiry in KVB Bank account through mobile phone missed call number or Online

Some banks will cost call charges for checking balance enquiry in your savings or current account .
But KVB offers a simple, easy and free service to know your balance in your KVB account.

Steps to Know your Balance in KVB account :

1. Give a missed call to the number 9266292666 from your registered mobile number . To register your mobile number to KVB bank , you can do it directly in your branch or otherwise you can also register it through online banking account.
2. After giving a missed call, within 5 seconds you will receive an SMS stating the balance like "Avl Bal as of 10-03-2015 08:33:20 A/c-XXXX6598 : 4,542.18 -KVB "

You can use this facility whenever you can . But dont use this option very frequently as some banks may indirectly cost you in some other ways for such facilities .

Other ways to check balance of KVB account :

• Go to any ATM centre nearby and insert your KVB card, Enter your PIN and choose the option check balance in the screen. Now your balance will be shown in the screen. After seeing the balance, cancel or End the screen and ensure it is logged of before coming out
• If you have online internet banking account in KVB , just go to official KVB internet personal banking website and login with your userid and password to know your account summary including balance, deposits etc.

To Know KVB customer ID through Missed call :

• Give a missed call to  08882101234 , from your registered mobile number with KVB to know your KVB customer ID

Redeem Debit card points in Standard Chartered Bank (SCB)

Standard Chartered provides Bonus points for money spent through Debit cards as well as credit cards. You can redeem rewards through 360reward plus portal only for Credit card points by using online banking user id password.

Debit card points cannot be redeemed through online. You have to redeem it through phone banking .


To redeem reward points in scb debit card:

1. Take your debit card in your hand. In the back side of the card, the phone banking numbers will be provided.
2. Call Standard Chartered Phone Banking number corresponding to your region.
3. You have to choose some options like language, your debit card number, phone banking pin , ATM Pin etc step by step
4. Finally you will hear the option to speak to the customer care executive of standard chartered bank.
5. Once they pick the call, request him/her to redeem the Debit card points
6. They will check the remaining bonus points available in your account. If it is more than 500 points, they will initiate the request to redeem.
7. Within 2 to 3 working days , the amount will be credited into your standard chartered savings account.

Note:

• If you redeem at the financial year end, you will get maximum benefit.
• You have to earn minimum 500 points to redeem them
• Do not try to request through email, SMS or through online banking mail option. You will not get a proper response.

IMPS : Immediate Mobile Payment System | Interesting Facts

IMPS stands for Immediate mobile payment system.
In this method your mobile number will be linked with your Bank Account number.
In addition you will be provided an unique ID called MMID and a unique password (PIN code)

Now, what can we do with this MMID , IMPS things.

IMPS is one of the online payment system through which we can pay or bills, buy stuffs online through flipkart, ebay etc , recharge mobiles etc.

To Register IMPS :

• The disappointing point is only very few banks provide IMPS option in India.
• So, Banks like standard chartered, Kotak Mahindra, do not have IMPS method as of now.They uses NEFT method. But there is no drawbacks in both methods. Both are almost instant and user friendly.

• Following are the only banks that provides IMPS option currently.
• State Bank of India SBI , Bank of India, Union Bank of India, ICICI, YES Bank, HDFC Bank and Axis Bank are currently providing IMPS method as online payment system.

Registration process for IMPS :

1. Contact your Bank and get MMID linked with your account number
2. Get PIN code for that MMID
3. Store it in mind or some secured place. Do not display in sticky notes or some easy accessing places

How to use IMPS:

• While you do online payment like online bill payment, mobile recharge, online shopping etc, there are set of online payments like Internet Banking, Credit card, Debit card, IMPS , Oxigen etc.
• You can choose IMPS and use this MMID and PIN code to process and finish your cash payment.

Inter Bank Fund Transfer (IBFT) | National Electronic Fund Transfer (NEFT)

Online Banking is getting very popular in India for recent days.Some Banks like Standard chartered has almost made everything to do online without going to Bank. And other banks started to follow this technique . If you know about online Banking , you can save lot of time.


This article precisely tell you the most important things of online banking that we need to know about online transfers.

Both of the terms IBFT and NEFT are related to online banking

IBFT (Inter Bank Fund Transfer) :
As the name says, it is the method of transfer fund (money) from one accounts between different banks.
For example , if we transfer 1000 INR from an account in Standard Chartered Bank to an account in Axis bank, then it is called as Inter Bank Fund Transfer.

NEFT (National Electronic Fund Transfer) :
National Electronic Fund Transfer (NEFT) is the common , standard method of online transfer of money between accounts in different banks as well as same banks.
All Banks operating in India which provide online banking option are using this NEFT method for online internet money transfer.

Important Facts to know about NEFT:

Daily Limit:
     
Each Bank will set a maximum daily limit that you can transfer through online. For example, Indian Bank, we can transfer 10 Lakh INR per day through online banking.If you try to transfer beyond this limit, the request will be cancelled by the bank operator

Time Limit

• If you transfer money on weekdays (Monday to Friday) before 6.00 PM, then the request will be submitted to the other bank within the same day. Else the request will be processed in next business day.
• If you transfer money on Saturday before 12 PM (afternoon) , then the NEFT request will be submitted to the other bank on the same day. Else you have to wait till Monday.
• During Sunday, we can initiate to transfer money through online, but the bank will process it during the next day.
• And during government holidays, the NEFT requests will not be processed.

 To cancel the NEFT request

          

Once you submit the request , you cannot cancel it. So, you have to be careful in the following information before submitting the request.

• Account number of the receiver
• IFSC code
• Amount to be transferred

Benefits of Online Banking

• No need to waste time in long Queue in Bank for transferring money
• You can Pay telephone bill, Electric Bill, Mobile recharge in your mobile itself if you have internet . Smart phones with touch screen makes the process more easy.
• If your bank has specific app for online banking , then you can enjoy more options like Checking balance, viewing e-statements through online itself. No need to go to Bank for entering transactions in pass book.

Gas Subsidy Money to be directly deposited in consumers account : Is it a Good Strategy?

Banking Sector is highly expected to reach rapid growth in near future in India because of the recent steps taken by ruling Government in Central.

One of the important strategy, taken by the government is sending the Gas subsidy directly into the consumers bank account.
Currently the government pays half the amount of gas cylinder consumed by the people and it has been paid to the gas agencies. Reports have been claimed that malpractices are in this methodology. So, the government has decided to make sure this amount should completely reach the people and this can only be done by transferring directly to their bank account.

Now, Government hitting two mangoes by throwing a single stone.
Yes, At the end , Each family would have one bank account and other hand the gas subsidy would be fully reach the common people.



Benefits of having a separate Bank account :

• When we think about majority of common people, they just earn and spend it their earning fully. They are not even saving a single penny for their future.
• Though some people are saving some money through some local persons who handle money by giving interests in their locality. This is very risky as there is no surity for their money to get back.

• But, if they get a bank account, they can save some money when they wish to do so. This will result in mutual benefits for government and common people.
• Government will get some money to invest in its plans. Common people will get some money as savings with interests.

Things to Concentrate in Future:

1. Rapid increase of consumers would definitely increase the rush in the banks. So , the government banks should learn to implement online banking features for already well structured private banks like ICICI, HDFC etc.
2. Mobile banking can be given more importance so that people may pay their phone bills, EB bills, recharges, etc through phone itself