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As per the new guidelines of RBI (Reserve Bank of India), in case an individual is moving to a new city, they are required to submit proof of their new address by providing Passport, Driving license, or Voter ID Card, within three months of opening a bank account.
Ministry of Finance has notified this new rule as a result of change in the anti – money laundering rules which mandates five specific documents to be the proof of present address that a customer is required to submit to a bank branch in order to open a new account.
This Step has been taken as per the Prevention of Money Laundering (Maintenance of Records) Rule, 2005 which is now called Prevention of Money Laundering (Maintenance of Records), Second Amendment Rules, 2017.
This new rule is going to create a fuss amongst people who changes cities frequently due to job purpose.
However, RBI is yet to come up with the operational guidelines, even six months since government has released the notification, where usually government issue the operational guidelines within days after a notification comes out.
According to sources, central bank has forwarded this issue to the government, underlining the difficulties that would be faced by the citizens.
In response to that, government has provided a three – month window for the account holder to act in accordance to the norm.
At the moment, individuals moving to a new city and opening a new bank account are required to submit a proof of identity and proof of address. There are six valid documents for proof of identity – passport, driving license, voter’s identity card, PAN card, Aadhaar card and NREGA job card.
And for proof of address, individuals can submit documents such as rent agreement and utility bills as instructed by the RBI.
The 12- digit unique identification number named Aadhaar which is issued by the Unique Identification Authority of India (UIDAI) has declared 4 deadlines dates to link Aadhaar with the SIM Card, Permanent Account Number (PAN), Financial institutions and various Social Security Schemes.
The declaration of the different deadline dates of link Aadhaar will somehow help the people simmer down from panicking or from taking the stress. People can take their time to get their Aadhaar linked with the mobile numbers, PAN, financial institution and various social security schemes.
Aadhaar PAN Link Deadline Date: 31st March 2018
The Central Board of Direct Taxes has declared 31st March, 2018 as the deadline date for Linking Aadhaar with the PAN, earlier which was 31st of Aug 2017 and before that it was decided on December 31st 2017. The extension of the date is done to “facilitate ease of compliance by the taxpayers”. For the ITR Filing, it is mandatory to link your Aadhaar with PAN. If it is not linked then the ITR filing will be considered as invalid and can attract penalty.
|How To Link Aadhaar Card With PAN Card||Click Here|
Aadhaar Link With SIM Card Deadline Date: 31st March 2018
Similarly, the deadline dates for linking Aadhaar with the mobile numbers is by February 2018. If it is not linked with Aadhaar then the numbers will be deactivated. Telecom companies have already started sending alerts to subscribers to get their SIM Cards linked with Aadhaar.
|How To Link Aadhaar Card With Mobile Number via OTP||Click Here|
Aadhaar Link With The Bank Accounts Deadline Date: 31st March 2018
For Aadhaar with the Bank links, the deadline has been announced for 31st March 2018. All the bank accounts must be linked with Aadhaar by 31st March 2018. If you are failed to get your account linked, then the bank account will not carry out the transactions anymore.
|How To Link Aadhaar Card With Bank Account||Click Here|
Aadhaar Link With The Social Security Schemes Deadline Date: 31st March 2017
Your 12-digit Unique Identification Number has been provided for all the Security Schemes. The deadline dates have been announced to March 31st, 2018 to link Aadhaar with the security schemes. This linking can help you to avail your Pension, LPG Subsidy, and Government Scholarships.
|How To Link Aadhaar Card With Voter ID Card||Click Here|
Aadhaar Link with The Mutual Fund Accounts Deadline Date: 31st March 2018
SEBI (Securities and Exchange Board of India) has declared the deadline for linking Aadhaar with your Demat Account to be 31st March 2018. The move has been taken to remove Fraud Demat accounts, which will help in bringing down black money and increasing the Tax Base of the country.
Aadhaar Link with Post Office Accounts Deadline Date: 31st March 2018
Government have made biometric identification mandatory even for the post office deposits, PPF (Public Provident Fund), the National Savings Certificate scheme and Kisan Vikas Patra (KVP)…read more
Bank of Baroda considered being the second largest Indian bank which is a state-owned international banking and financial services company which is headquartered in Vadodara (earlier known as Baroda) in Gujarat, India. The corporate office of the bank is in Mumbai.
They also offer a bouquet of products and services to meet banking needs of its customers. It has a global network of a total 5326 bank – branches and over 8,000 ATMs. As it offers personalised services, attractive features, and other unique benefits, having an account with this bank will be enjoyable.
Check Here IFSC Codes of Bank of Baroda and its Branches,
Bank of Baroda also offers SMS and Missed call facility to check the bank balance from your own convenient time and place, so the customers don’t have to visit the bank branch or ATMs to check the bank balance in their account.
In this article, we will discuss the ways to check your bank balance specifically Bank of Baroda.
In order to perform the same, your mobile phone number is required to be registered with the bank account. This registration is important as it helps in identification of the user and in addition to this, it also makes it secure for you to avail the banking service over the phone.
In case your mobile phone number is not registered with Bank of Baroda, then you are required to visit the nearest bank branch and acquire a form for the update request. Fill in the form with correct details in order to register your mobile number with your bank account and it takes only about 2 working days to complete the registration process.
How to Check Account Balance through a Missed Call
In order to check your account balance through missed call, follow the below mentioned procedure:
You can simply give a missed call on 8468001111 from your registered mobile number. After a few rings, your call will be disconnected. And you will receive the details of your current balance of the bank account.
This is a tollfree number which helps people avoid long queues and being physically present at the bank branch. And one can use this service maximum 5 times a day.
Other Services included in missed call Banking Service
Following are the few other services which fall in missed call banking service. Please note that these services vary from bank to bank. And also registration is a must to avail the services.
- Cheque book request
- Account statement request
And in case a customer has multiple accounts in the same bank, the last account opened with the bank will be set as default account.
How to Check Account Balance through SMS
In order to check account balance through SMS, one can opt for SMS banking and follow the below mentioned steps for the same:
And to get a mini statement of your account, type MINI <Space> Last 4 Digit of Account Number and send it to 8422009988 (which is the same number to check account balance). After that, you will receive details of last 5 transactions.
And if you are looking or Cheque status, type CHEQ <Space> Last 4 Digit of Account Number and <Space> Cheque Number and send it to 5616150.