AEPS Payments - What it is? and How to Use it + Lucky Draws

AEPS full form is 'Aadhar Enabled Payment System'. AEPS payments is a digital money transfer mechanism built on top of Aadhar.

AEPS allows a bank customer to use Aadhaar as his/her identity to access his Aadhaar enabled bank account and perform basic banking transactions like balance enquiry, cash deposit, cash withdrawal, money transfers through a Business Correspondent.

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How to Transfer Money from Paytm to Bank Account

Paytm is currently seeing wide adoption due to massive cash crunch after demonitisation. Lot of people have started using paytm to receive money, but they are unclear about how to transfer money from their paytm wallet to their bank account.

Luckily the process is very easy. Following is a step by step guide to to transfer money followed by 1) Charges for transferring money to bank account, 2) minimum and max amount limits.

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Lucky Grahak Yojana - Lucky Draw Rules and Rewards

To promote cashless payments, Indian government has launched a reward scheme for consumers called 'Lucky Grahak Yojana'. Under this scheme, every consumer making a payment using approved digital payment systems will be added to a lucky draw and people will get cash rewards.

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Digi Dhan Vyapar Yojana - Lucky Draw for Shopkeepers, Merchants

India is still seeing a lot of problems in day to day cash transactions due to limited availability of cash. Government is now looking aggressively towards digital or cashless payments to alleviate this problem. To promote digital payments, Indian Government has launched multiple schemes and rewards on Dec 15th.

Digi Dhan Vyapar Yojana is to promote digital payments among shopkeepers, merchants...

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Paytm for Shopkeeper or Retailer (Paytm POS Guide)

After demonitisation on Nov 8, Indian economy is still reeling under the pressure of limited cash and only way out is to move towards digital cashless payments. This has become even more essential for shopkeepers and retailers who are loosing daily business as customers don't have enough cash or they don't have enough change. Due to its already established setup, paytm has emerged as the best ...

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Paytm without Internet - Money transfer without Internet

One of the most common problem with digital e-wallet solutions like Paytm is that you don't know what to do when Internet connection is not working. Internet connectivity in India varies a lot based on your location -- while it is pretty good in metros and big cities, it is either non existing or very slow in villages.

Due to demonitisation, lot of shopkeepers, merchants and businesses have ...

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SBI UPI App SBI Pay - Step by Step Guide to Pay and Receive Money

State Bank of India has launched its UPI App (called SBI pay) on Nov 25, 2016. Currently 'SBI Pay' app is only available for android phone (ios version is blocked waiting specification from NPCI).

For people who are new to UPI, UPI stands for Unified Payment Interface and it is a new initiative from Government of India to make phone based money transactions easy and simple. Using UPI one can ...

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Section 80CCC - Tax Saving Deduction for Premium Paid for Pension

Section 80CCC in income tax relates to tax saving due to contributions to pension funds of LIC or other insurer. Basically, if you have invested in schemes or funds that promises a pension (or annuity), than you can deduct your yearly contributions from your total income while calculating income tax

Please note that max possible deduction under this scheme is Rs 1.5 Lakhs for FY 2016 - 2017 (...

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Humlog Guide to Financial Freedom & Living

Humlog has been publishing articles about personal finance and related themes for some time now. Many of our readers have been asking to create a broader guide to personal finance in India. But over the time we have realized that financial schemes,regulations, and investments need to be seen in the broader context of 'living a meaningful and fulfilled life'.

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XIRR - What is XIRR and how to calculate it?

Many of us invest in mutual funds or similar financial schemes in installments (e.g. using SIPs) and want to evaluate the performance of our investments. For example, we want to know our overall rate of return so as to compare it to with other possibilities. The standard mechanism in such cases is to calculate either IRR or XIRR.

IRR means 'Internal rate of return' and XIRR means 'Internal rate ...

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