Indian Government issues one unique number or PAN Card to identify by IT law to all entities. This number comprise of an alpha numeric number or code under Income Tax India Act 1961. This pan card serves as one significant identity proof and National Identification Number is its equivalent. PAN Card India comprise of a number, whose first 5 characters are English letters, then four numbers and then a single English letter. Other PAN Card details include name of assessee, birth date, father’s name, passport size photo of assessee and signature. PAN Card Details Information provide by a PAN Card is of many uses, particularly in several financial transactions whole across India. One should furnish details of PAN Card over tax returns, correspondence of any kind towards IT department and over challans for a payment to IT department. On purchase or sale of an immovable property valuing 5 lakh rupees or more, information of PAN Card of both parties should disclose in a document of purchase or sale deed. If you deposit an amount, which is rupees 50000 or more into any Post Office Saving Scheme or banking organization then you should furnish details of your PAN Card. Applying for Individual Pan Card Verification Contract of purchase or sale of securities, such as bonds, debentures, derivatives, government securities, shares and units exceeding value of one lakh rupees then you are liable to provide you PAN Card information. If you apply in a bank to open your bank account, apply for a basic telephone or a mobile connection, apply to issue you a credit card, then all these transactions are those for which it is must to provide details of your PAN Card. Any kind of cash payment, which exceeds limit of 50000 rupees for purchasing bank drafts, bankers cheque or pay orders in one single day, it brings up a necessity of putting up information of PAN Card of a firm or an individual. Payments for bills exceeding 25000 rupees in a restaurant or hotel at a single point needs an assessee to provide PAN Card details. PAN Card India of an individual is very significant identity proof, which gives identification to that individual as India’s citizen. It is unaffected by change in address even within Indian states unlike a Passport, Ration Card, etc. It is a very convenient and simple procedure of applying for a PAN Card ensured by IT department. All you need is submission of Application Form No. 49A. You can download this application form from UTI Investor Services Ltd or National Securities Depository Ltd website and take a print out of it. This form is available at TIN Facilitation Centres and IT PAN service centres. You then need to fill this form and submit at a nearest centre along with requisite fee. Pan card verification is significant for checking authenticity of holder of PAN Card. You can easily perform your pan card verification by going to NSDL website. If your PAN Card is valid, then website will return status as -valid and existing’. Else, it will return status as -Fake PAN’.
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Bank write-offs double for bad credit card debt
The Bank of England has reported a significant rise in the amount of money that banks have written off as bad debts on their credit cards.
The Bank figures show that the total value of the write-offs doubled to 1.6bn in the third quarter of 2009.
In the first and second quarter, the figure had been around 800m. The total amount of credit card related write-offs totalled 3.2bn during 2008.08.
These unusually high figures are largely due to the recession and are an acknowledgement by the banks that defaulting borrowers will never repay the outstanding debts.
In comparison, the total amount of mortgages written off in 2008 was just 408m, while averaging 260m in each of the first three quarters of 2009.
Banks and other lenders put much larger sums, running into several billions of pounds, aside each year to cover potential losses on credit cards, mortgages, overdrafts, and personal loans.
“There was a one-off write-off of impaired credit card balances by one of the banking groups,” said a spokesman for the British Bankers’ Association.
David Black of the financial consultancy Defaqto, said that over the last four years, banks have been much more careful about who they will lend to.
“HSBC, NatWest and RBS will only offer new credit cards or unsecured loans to their current account customers,” he said.
“Banks also want to sweep bad news into one year’s accounts to make future years look better,” he added.
How to Find the right Cash Back Credit Card
Are you sure you own the correct type of credit card? Do you feel sad since your next door neighbor gets back much more for the money he uses through his plastic card than you do? Odds are bright that she or he is applying a appropriately selected cash back credit card. Here is a brief explanation for individuals who are not conversant with these kinds of credit cards. Assume you’re the proprietor of a cash back plastic card that pays back a percentage of the sum spent via it on chosen stores.
If you use that particular plastic card to pay for products purchased from those chosen stores, you will be redeemed back a small portion of the sum you’ve spent by the plastic card company. You might wonder how the credit card company seems to make earnings, after paying you back along with some cash. The functioning principle of this system is simple to understand once you know the reasoning behind it. There’s a stiff competition between different web based shops and also their physical counterparts.
All are interested to have the greatest customer base. They don’t mind giving a tiny bit of their revenue with anybody else in order to improve their client base. These online shops and their brick and mortar counterparts acquire in touch with the plastic card organizations and agree to provide them with a small amount of fee for each purchase made from their shops and paid for with the credit card. Hence, the credit card issuing company also makes a particular amount of profit for every buy that a person make with such cash back plastic card.
The cash back credit card companies simply share a proportion of the income with you. This can be a standard win all situation. The proprietor of the shop is very happy to acquire more customers by sharing a small amount of their profit. The buyer is satisfied that they’re taking back a discount on one and all purchase they make. The plastic card company appears to realize on one and all purchase created through their cash back plastic card. You need to act wisely when opting in for this kind of credit cards. There isn’t any use deciding in for a card that pays a tiny bit of cash back for each gallon of gasoline in the event you do not own an automobile. Search the web and you will discover many organizations providing cash back credit cards.
Skye Bank Customer Alert – Beware Of Hackers
One of the features of online/Mobile banking is SMS banking services which are operated using both push and pull messages. Push messages are those that the bank chooses to send out to a customer’s mobile phone without the customer initiating a request for the information. For example push messages could be either Mobile marketing messages or messages alerting an event which happens in the customer’s bank account, such as a withdrawal of funds from the ATM or a payment using the customer’s credit card, etc.
Pull messages are those that are initiated by the customer, using a mobile phone, for obtaining information or performing a transaction in the bank account. Examples of pull messages for information include an account balance enquiry, or requests for current information like currency exchange rates and deposit interest rates, as published and updated by the bank.
The bank’s customer is empowered with the capability to select the list of activities (or alerts) that he/she needs to be informed. This functionality to choose activities can be done either by integrating to the internet banking channel or through the bank’s customer service call centre.
It is however sad to note that fraudsters and internet hackers have capitalized on this laudable innovation to rip people off their money. So it is important that as a bank account holder or intending holder you should be aware of this trend and choose the right bank to bank with where your money will be properly secured through adequate online security tips.
Skye bank as a customer friendly bank knows about the activities of these fraudstars and has developed security measures to protect its customers finances. If you are a Skye bank account holder, you might receive emails that seem to emanate from the bank.The mail might even carry the names of Skye bank top Management staff or Director. Some of them may require you to send in information on your Bank details, Pin codes and even your personal information as contained in the bank’s database of you. They might also claim to have access to large sums of ($)US dollars for you domiciled with the bank. Please note that these are scam mails and you should be very careful to avoid being a victim to fraudsters.
As part of its commitment to online security, Skye bank has developed some security tips for all its customers to recognize when they receive emails or letters from potential fraudsters.
Please note that Skye Bank would never ask you to disclose your account number or Pin code on the internet. Also Skye Bank would never ask you to disclose personal information on the internet.
You should also note that Skye Bank site would always carry a security certificate which would be visible on access to the bank’s site and be sure that the site you are on is a genuine Skye Bank site.
In addition Customers should not open attachments or follow Web links in unsolicited emails from unknown parties or from parties with whom you do not normally communicate, or that appear to be known but are suspicious or otherwise unusual.
The official Skye Bank web address is www.skyebankng.com. If you are still in doubt, please get in touch with your nearest branch or call us on (000 234 1) 8531655, 8948103, 07028390633-5
Common Unhealthy Activities
Humans have so much potential, but we so frequently squander it through laziness and self-destructive behavior. We make short-sighted decisions, selling out our futures for immediate pleasures. For example, take the person who eats a delicious cake today only to sulk over their obesity tomorrow.
These unhealthy behaviors lead to so much unhappiness and depression. We choose to engage in the unhealthy behaviors, which means that the unhappiness and depression is avoidable! Following is a list of 3 very common unhealthy activities that cause a lot of self-inflicted damage to humanity:
Television – Television is possibly the worst addiction in society. It engulfs so many people so much. So many people waste hours per day sitting slothfully in front of a TV melting their brain and growing fat and weak. For the most part, the TV is full of mindless garbage. Television is perhaps the main reason why people are reading less and less, and becoming dumber and dumber. Imagine how much better off you would be if you gave up TV.
Overeating – Overeating is indicated by the huge levels of obesity. It is physically unhealthy, because it increases physical risks such as the risk of a heart attack or heart disease. It is emotionally damaging, because obesity decreases self-confidence. The main cause is that people look to food for comfort and pleasure. People frequently overeat and indulge in unhealthy food to make themselves feel better. For some people, eating is their main hobby. Try to give overeating up completely. Teach yourself to eat to live, rather than live to eat. Find other healthy ways to get pleasure. For example, you could join a club, or go play games or sports, such as bowling or pool. Stop yourself from turning to food when feeling bad, and find a different way to cheer yourself up.
Needless Shopping – Materialism and needless shopping are major problems for many people, and are one of the main reasons most Americans live in debt. Unfortunately, corporate America uses commercialism to increase consumerism. With credit cards in their pockets, people buy a bunch of useless material goods and novelty items. They buy overpriced clothes. They buy extra-fancy cars that they can’t afford. In line with so many other short-sighted and impulsive decisions, people put themselves into debt buy overspending on things that will make them a little happy now, resulting in bills that will cause much trouble later. Consider giving up your credit cards, and adopting a more simplistic lifestyle. Consider only buying things that you need. Beyond food, clothes, shelter, healthcare, and education, consider spending as little as possible. At the very least, before buying anything, ask yourself if you can really afford it.
You can change your life today. Imagine how different a person you would be, and how different your life would be, if you gave up television, overeating, and needless shopping. You can do it, so why not? Give up unhealthy, short-sighted, addictive, and self-destructive habits, and instead engage in wiser and healthier desires. Whatever you do, good luck!