How to Authenticate U.S. Currency Understand the main security features common across all U.S. banknotes to help quickly, easily, and discreetly determine if a note is genuine. “The Basics” on U.S. Currency Get a brief overview of U.S. currency, including the denominations and series in circulation, as well as the design process.
Beneficiary Bank: Refers to the IMPS member bank where the Beneficiary‘s Account is held in a mobile Payment request. Customer: Customer should refer to an account holder of a bank who registers to avail of the Mobile Remittance service of the Bank or wallet holder of PPIs. IMPS: Immediate Payment Service of… Read More »
UPI -Unified Payment Interface How is UPI different from IMPS? UPI (Unified Payment Interface) is providing additional benefits to IMPS (Immediate Payment Service ) in the following ways: Provides for a P2P Pull functionality Simplifies Merchant Payments Single APP for money transfer Single click two factor authentication. [Read How to do Cashless Transactions -UPI SBI… Read More »
Government of India takes policy decisions to encourage cashless/electronic transactions; Asks the Government employees to take the lead and maximize the usage of Debit Cards for personal related transactions instead of cash In the recent years, advancements in banking technology, progress in mobile banking and innovative technologies to facilitate digital payments have enabled large number… Read More »
Any Payment above Rs.5,000 to Suppliers, contractors, grantee/loanee institutions etc by Government Departments to be now made through e-Payment to attain the goal of complete digitization of Government payments. In order to attain the goal of complete digitization of Government payments, the Ministry of Finance, Government of India has again reviewed the existing limit of… Read More »
Benefits of Debit Card Activation – FAQs Here are given some of the major benefits of Debit Card activation in the form of Frequently Asked Questions (FAQs) and their Answer format: QUESTION 1: Why it is important to have active debit cards? ANSWER: Debit Card makes your payments much more convenient and secure through an … Read More »
Withdrawal of Legal Tender Character of the old Bank Notes in the denominations of ₹ 500/- and ₹ 1000/- (Updated as on December 05, 2016) 1. Why is this scheme introduced? The incidence of fake Indian currency notes in higher denomination has increased. For ordinary persons, the fake notes look similar to genuine notes, even… Read More »
How Users Can Get their Digital Driving License & Vehicle Registration from DigiLocker How Users Can Get their Digital Driving License & Vehicle Registration from DigiLocker How to get your Digital RC & DL via DigiLocker – Step 1: Go to DigiLocker website https://digilocker.gov.in/ or download mobile app https://play.google.com/store/apps/details?id=com.digilocker.android&hl=en – Step 2: Sign up for… Read More »
An Electronic-wallet(e-wallet) is an electronic application that enables online e-commerce transactions like purchasing goods, paying utility bills, transferring money, booking flight etc. with a financial instrument (such as a credit card or a digital currency) using smart phones or computers. A plethora of these e-wallets are provided online for downloading through “apps” to support both… Read More »
Best practices for online Banking Users For Users 1. Protect your PC: Install antivirus software and keep it updated on a regular basis to guard against new viruses Install antispyware security software against those programs that monitor, record and extract the personal information you type in your PC (passwords, card numbers, ID numbers, etc.) Install personal firewalls to protect your PC against unauthorized access by hackers Keep your operating system and internet browser up to date, checking for and downloading new versions/security enhancements from the vendor’s web site 2. Protect your personal information: Create hardtoguess security access codes (User ID & password) for Online Banking and make them unique (e.g. they should not be the same as those you use to access your email account) Change your security access codes periodically Memorize your security access codes, avoid writing them down and keep them strictly personal and confidential Do not disclose to ANYONE your security access codes: Bank will never initiate or contact you for your ebanking or ATM PINs, card or account numbers, personal identification information, neither over the phone nor in any electronic or written message Never leave your PC unattended when logged into Online Banking Always remember to log off from your online session using the “Logoff” button when finished using the ebanking services 3. Use the Internet cautiously: Always access Online Banking internet only by typing the URL in the address bar of your browser. Never attempt to access Online Banking internet through an external link of unknown or suspicious origin appearing on other websites, search engines or emails Before logging in, check for the Bank’s Security Certificate details and the various signs (e.g. green address line and Lock, HTTPs) that confirm you are visiting the secure pages of Bank. Ignore and delete immediately suspicious fraudulent (phishing, spoof, hoax) emails that appear to be from Bank, asking you to urgently click a link to a fraudulent (spoof) website that tries to mimic the Bank’s site and to lure you into giving out your sensitive personal information (PIN, account or card numbers, personal identification information et al.) Never click on a link contained in suspicious emails Avoid using Online Banking from public shared PCs (as in internet cafes, libraries, etc.) to avoid the risk of having your sensitive private information copied and abused 4. Stay alert: Signon to Online Banking regularly and review your account transactions, checking for any fraudulent activity on your account (e.g. transactions you do not recognize) Keep track of your last logon date and time, displayed at the top left side of the Online Banking Home page Once logged into Online Banking, you can also monitor the actions performed online 5. Prompt reporting of suspicious activity:… Read More »