Cash Transactions at Samadhan Kender

Due to demonetization of 1000 and 500 rupee notes by Government of India, following services at Samadhan Kender will get disrupted:

1. Payment to Pensioners through Apna Dhan: Payment to pensioners will be limited to Rs.1000 per pensioner after the banks start making payments without any restrictions. However in case such payments are to be deposited with us for credit of some other account then there will no restriction on payments as per extant guidelines.

2. Payment through Western Union and Transfast: Payments even up to less than Rs50000-00 will also be made only through account payee cheques till normal cash payments without restrictions are restored in banks.

3.  CSP of State Bank of India: CSP is not allowed to accept old currency notes of Rs.500 and Rs.1000 from the customers. However, normal deposits will be accepted in denomination of Rs.100, 50, 20 and 10. New currency notes of Rs.500 and Rs.2000 will also be accepted.

4.  Working Hours: Samadhan Kender remains open on all week days including Saturdays and Sundays from 10 AM to 7 PM which will now be extended up to 8 PM.

Inconvenience is sincerely regretted. Please bear with us...

How to get Unique KYC ID at CERSAI

Now every financial institution and banks have been asked to complete the KYC of all the existing accounts. Banks and financial institutions have been asked to register the KYC details of the customers with Central Registry to general the unique CKYC registration number so that deduplication process is completed by December 31, 2016. Only Banks and Financial institutions have been allowed the Login facility by the Central Registry. In my opinion, if this login facility, is allowed to individuals and entities then they could generate the 14 digit CKYC number themselves. 

How to complete the De-duplication:

The GOI through Central KYC Registry at CERSAI can provide a suitable platform to the individual and legal entities to link all their financial products like bank accounts, loans, mutual funds, Demat accounts, Investment portfolios with the CKYC Number generated by themselves in a highly secured and protected platform to be provided by Central Registry. This process can be used to:

• Auto filling of the 14 digit CKYC Number in all the accounts and financial products linked to the CKYC Number.
• In case any account or financial product does not get linked to this Unique CKYC ID then the account holder can submit the 14 digit CKYC Number to the bank or financial institution so that there is no duplication.
• In my opinion to achieve the de-duplication process of KYC and to generated Unique CKYC ID or Uniform Customer Identification Code (UCIC).
• Moreover, this is an ongoing process and it has no scope for any laxity by individual or banks and financial institutions.
• Let the banks and financial institutions should not allow opening of accounts without unique CKYC numbers for new financial products and existing financial products may be frozen till the implementation of CKYC whole-heartedly.
• In respect of accounts of deceased, missing, insane, hospitalized and in a semi-conscious stage the accounts must be frozen and operations allowed after adopting the legal procedures.
• Important of all, banks and financial institutions should also not allow even credits and deposits in accounts where 14 digit CKYC numbers are not fed to club all the accounts of specific individuals.
• 14 digit CKYC number should also be made compulsory for accepting deposits by corporates, limited companies, and partnership firms. The balance sheets of sole prop firms, partnership firms, limited companies, trusts, and societies must indicate the 14 digit CKYC numbers of owners, partners, directors, trustees, unsecured or secured depositors and every inter-account transfer should move withing entities or individuals with 14 digit CKYC holders.

Cash Back is Black Corruption?

Can Cash Back schemes create black money and encourage corruption?

Cash Back ! Cash Back ! Cash Back !  Today everybody is attracted towards cash back and looks for goods and services offering Cash Back. For example, if any Government of Corporate employee is to travel from New Delhi, the smoke capital of the world, to Bengaluru then he or she will just surf for the costliest tickets offering highest cash back as the cost of the ticket is borne by the employers and cash back is pocketed by the employees. Now I am just thinking of Cash Backs which can be seen in many contexts like:

Source of Legalised Corruption: Cash Back is a source of legalised corruption as cash backs are designed to suit the requirements of the corrupt officials. The corrupt officials are asked to create their personal wallet account with merchants selling the goods or services. Cash back is ploughed back in such wallets whereas the cost of goods and services bought through such wallets are borne by the Government or Corporate sectors. For example, if anyone is buying an ordinary air ticket of Rs.3000 at a higher cost of Rs.5000 then the airline may not only offer cash back of Rs.2000 but also allow complementary food during the stay. Don't  you smell something fishy in the transaction? Yes, it is a direct greasing of the palm by offering lucrative cash back. Higher the cash back, more the chances to attract the greedy individuals, who treat the whole transaction as an honest deal.

Creation of Black Money: Such cash backs are source of undisclosed income or say black money in the hands of reciepants of Cash Back. These cash backs are neither taxable nor added under the head "Income from other Surces". Even if cash backs is received by genuine marketers, the cash back can not be termed as "Discount" as discounts are deducted from the bills. Take the case of reimbursable medical bills paid by the genuine patients. Cash Back received by patients is source of black money which is never disclosed in IT Returns.

Miscl Cash Backs: Payment Gateways like Freecharge and PayTM allow cash backs on funding the accounts by individuals. For example, freecharge offers me 5% cash on funding my freecharge account with a maximum of Rs.50-00. I deposit Rs.1000 on 1st of every month in my freecharge wallet and get income tax free credit of Rs.50-00 in my freecharge wallet and when I use this balance to pay my bills I get another cash back, ranging from 2% to 10%, and that too exempted from income tax.

What is your opinion about Cash Backs offered by merchants selling goods and service? Are they tempting the honest tax payers to violate tax laws knowingly or unknowingly.

Can eSign replace Digital Signatures?

Can e-Signatures replace Digital Signatures? 

Presently if someone has to digitally sign any document then one has to purchase pen drive, dongle to store the etoken from anyone of the authorised service providers for digital signatures. Alternatively one has to get key from online agencies and the same has to be stored in the personal computers. Both the procedures are susceptible to frauds and cost the individual anywhere between Rs.700 to Rs.2500.

Now with the introduction of e-verification of IT returns online, through EVC codes generated by using Aadhaar Technologies in India, has paved the way for revolutionary changes by switching from digital signatures to e-signatures.

What is eSign and How it is better than Digital Signatures?

eSign is an online electronic signature service, in the live environment, which can be integrated with service delivery applications via an open API to facilitate any Aadhaar Holder to digitally and legally sign any document. It uses authentication of the Aadhaar Holder through e-KYC service and once the Aadhaar database in India is linked to live registrar of deaths and births then the e-signing will not be possible in respect of dead people and if the e-signing person is a minor then also the system will generate exceptions that the e-signor is a Minor, who can bind all other parties except  himself or herself.

Salient Features of eSign vis-a-vis Digi-Signatures:

Save cost and time	Aadhaar e-KYC based authentication
Improve user convenience	Mandatory Aadhaar ID
Easily apply Digital Signature	Biometric or OTP based authentication
Verifiable Signatures and Signatory	Flexible and fast integration with application
Legally recognized	Suitable for individual business and Government
Managed by Licensed CAs	API subscription Model
Privacy concerns addressed	Assured Integrity with complete audit trail
Simple Signature verification	Immediate destruction of keys after usage
Short validity certificates	No concerns regarding key storage and key protection

Jio Mobile SIMs to use eKYC or Aadhaar bases authentication:

The latest use of esignatures by Reliance Jio to verify the authenticity of the applicants has brought about revolutionary use of esignatures being used for the following operations:

• Bank's use it as a tool to generate eKYC profiles of their customers.
• UPI or United Payment Interface will also be using esign facility.
• Digital Locker also uses the esign facility and in the near future all your important digital documents including degrees, title deeds, Wills, Birth Certificates, Passports and ID Proofs will be directly landing in your Digital Lockers.
• Even PAN issuring authorities like NSDL and UTISL have also allowed esignatures through Aadhaar Based OTP or biometrics to issue fresh PAN Cards.
• Sooner or later, the Voter Cards may become redundant.
• eSigning of  IT returns up to Rs.5 lacs has already been enabled through aadhaar authentication.

Limitations of eSigns: 

Neither RBI nor any legal agency has not mandated in favor of eSignatures. RBI or any other agency has neither said that "You can use eSign - Aadhaar based authentication" or they have stopped by saying that "You can not use eSign - Aadhaar based authentication". It appears that effective changes will have to made to the Information Technology Act so that eSign facility through Aadhaar Based authentication becomes the most sought after Aadhaar Technology to enter into contracts by individuals competent to contract. To realise this dream minor changes may be required to link the imprisonment, blindness, lunatic or any other incapacitated condition of the Aadhaar Holder to send a warning signal to the other party that person esigning through Aadhaar based authentication is incompetent because he or she is either minor or blind, lunatic,  imprisoned or of unsound mind.

By reading this article still have you any doubt that Aadhaar can't change Destiny of India?

Why public prefers Samadhan Kender for Aadhaar?

Why Public prefers Samadhan Kender for Aadhaar? 

While basic difference between Suvidha Kenders or Sewa Kenders Vs Samadhan Kender is available on the top front page of our website as reproduced below:

What is the Difference between Suvidha Kender and Samadhan Kender:

Suvidha Kender	Samadhan Kender
You have to pay Parking Charges of Rs.20 for every visit .	No Parking Charges
Limited Working Hours	Working Hours 10.00 AM to 8.00 PM
Lunch Time Half Hour to One Hour	No Launch Time
Closed on Saturday and Sunday	Open 12x7x365 including Saturdays and Sundays.
Long Queues	No queues. Feel at home at Samadhan Kender
No Follow up for Aadhaar Enrollments	We make regular follow up and inform the citizens through Mobile Call and SMS about the status of their Aadhaar

It is convenient for the public to visit Samadhan Kender as per their own convenience without worrying for any Holiday, Saturday or Sunday. For getting the children enrolled for Aadhaar, one of the parents have to accompany the child along with his/her Aadhaar ID in original. If the parents have to visit Suvidha Kender or recently opened Sewa Kendras of Punjab Government for enrolling their newborn or school going children then they have to take leave from their government or private employers and in case they are businessmen/businesswomen then they have to close their business for one day for a pety job of enrollment, updation, rectification, seeding or linking of their Aadhaar Cards. But Samadhan Kender operates on all days including Saturdays, Sundays and Holidays for 12 hours a day and anybody can visit anytime for availing the services offered as Samadhan Kender. Samadhan Kender observes only following  National Holidays:

• Independence Day on 15th August
• Republic Day on 26th January
• Gandhi Jayanti on 2nd October

It is needless to mention that the following sub centres are operating at Samadhan Kender:

• SBI Customer Service Point
• Permanent Aadhaar Enrollment Centre of UIDAI
• Digital Sew Kender of Government of India
• CIBIL Consultancy Kender
• IRCTC Ticket Booking Counter of Indian Railways
• Centralized Insurance Kender of more than 20 major Insurance Companies including Life Insurance Corporation of India
• Settlement Point for Denied Insurance Claims or Bank Death Claim
• Food Licensing and Registration Centre of FSSAI
• Western Union and Transfast Money Transfer Centre
• Pension Distribution Kender through Apna Dhan of GOI
• Utility Payment Centre for Electricity Bills, Dish Recharge, Tax Payments
• PAN and Income Tax Centre
• Passport Service Centre

Check our Services and Prices or dial at 9316077749 to talk to our Customer Care Officer, Mr.Navneet Sood

At Samadhan Kender our experts solve all your problems to logical end and keep you updated from time to time through SMS, Call and Email services. Your smallest problem gets our biggest attention.

Can UPI make India Cashless Corruption Free Society

Can UPI make India Cashless Corruption Free Society

When dreaming about India of my Dreams in 2047 I had advocated for Cashless Corruption Free Society in India and to achieve the objective I had also proposed General Amnesty as a OTM (One Time Measure). I was a bit pessimistic that It may take many years and we may achieve the dreams by the year 2047 that is while celebrating India's 100th Independence Day.

But our beloved Prime Minister Narendra Modi has initiated processes which may achieve the dreams during his own lifetime and term as Prime Minister or future President of India. Unified Payment Interface or UPI has been made live and may be available in first week of September,2016  with all the 21 Banks. It will help India towards its goal to achieve cashless economy next to Sweden, which has become the first country in the world to say goodbye to Cash Transactions.

What is UPI or Unified Payment Interface

Unified Payment Interface or UPI is an application developed by National Payment Corporation of India (NPCI), the umbrella organization for all retail payment systems in India. In the times to come UPI may replace the NEFT, RTGS and IMPS systems currently used for making payments or transferring money digitally. Public will be able to download and integrate the UPI applications with their respective banking applications.

The following banks, out of 21 banks approved by NPCI, have published their UPI applications so far on Google Play Store whereas 8 out 29 participating banks are yet to get approvals from NPCI:

• Axis Bank, Union Bank, UCO Bank, ICICI Bank, Federal Bank, Vijaya Bank, Andhra Bank, Bank of Maharashtra, Karnataka Bank and Canara Bank.

To find the UPI app of your Bank, you can either search for UPI or Play Store. 

How UPI is useful as compared to NEFT or IMPS: 

With UPI application interbank money transfer can be executed by using smartphones. Customers can make direct payments from their bank accounts to different online or offline merchants, retailers without providing credit card details, IFSC Codes or net banking and wallet passwords. Your smartphone will become a Virtual Payment Bank.

How to Start with UPI:

1. First of all download the UPI application of your bank from Google Play Store.
2. Set up application Log in.
3. Create Virtual Address
4. Add your Bank Account
5. Set Mobile PIN
6. Start Transacting using UPI

Once you have installed the UPI application on your smartphone, just open the application and enter your mobile number to create four digit secured PIN Number of your own choice. This secured Pin Number will be required every time when you open of use the application. 

You will notice an option UPI and tapping the UPI button you will be prompted to create VPA, Virtual Payment Address as per image below:

You can chose your virtual address as simple as your mobile number like 97XXXX6760 or your name like John, Smith or your nickname followed by @xyz (where xyz is your Bank's UPI address e.g. ybl for Yes Bank and pockets for ICICI Bank).

Once you finish creating your Virtual Payment Address, you will have to link your Bank Account by choosing your bank which will fetch all your bank account details in case your mobile number is linked to your bank account (Now you can update your mobile number in your bank account through ATM Machine without visiting your bank).

Can I download and use any Bank's UPI application:

The answer to this logical question is "Yes" as you can download any Bank's application and link your bank account with some other bank. You have the option to chose your bank account in case you have multiple accounts with the Bank linked to your Mobile Number. With the launch of UPI, it has become more important before you discard your old SIM Card.

I am sure that with the Unified Payment Systems in its place, India will become a Cashless, Corruption Free Society in India of My Dreams.

AEPS enabled at Samadhan Kender

We are happy to announce that Aadhaar Enabled Payment System (AEPS) has been installed at Samadhan Kender and pensioners, senior citizens, women beneficiaries, students for their scholarship payments need not visit the Banks to get small payments.

Aadhaar enabled Payment system facilitates disbursements of Government entitlements like NREGA, Social Security pension, Scholarships to Students, Handicapped,  Old Age Pension etc. of any Central or State Government bodies, using Aadhaar and authentication thereof as supported by UIDAI.

Samadhan Kender is an effort to solve all problems under one roof by Panel of Experts.समस्या आपकी, समाधान हमारा I ਸਮਸਿਆ ਤੁਹਾਡੀ, ਸਮਾਧਾਨ ਸਾਡਾ 

Use FingerPrint as Your Smart ATM Card

Are you fed up with keeping dozens of ATM-cum-Debit Cards and remembering their passwords? No need to worry as you can now use your fingerprint as your smartest ATM-cum-Debit card absolutely free of cost and without passwords. 

How does your fingerprint works as smart ATM Card:

Finger Print - Smart ATM

Just visit any Bank Kiosk set up under Digital India Programme of Government of India for example Samadhan Kender in Rajpura 140401 Punjab. Tell the Bank Kiosk operator that you want to withdraw sum of Rs.10000 each from your bank accounts with Punjab National Bank and State Bank of India. The operator will fill up your Aadhaar ID and select the name of the Bank out of more than 25 nationalized and private banks where AEPS (Aadhaar Enabled Payment System) has be made operational by the Banks in tie up arrangement with UIDAI. The operator will then fill the amount of money to be withdrawn and make the payment to you on successful execution of payment. You can repeat the process for any Bank at the same Bank Kiosk.

Difference between FingerPrint and ATM-cum-Debit Card:

FingerPrint - Your Natural Smart ATM	Synthetic ATM Card issued by Banks
It is natural and absolutely Free of Cost	It is man made and you pay Annual Charges
No chance of Fraud as it can not be cloned	Fraud Prone as synthetic ATM can be cloned
It can not be stolen	In case it gets stolen you have to inform the bank before it gets misused.
It can be used to withdrawn money from any Bank Account on AEPS	It can be used only to withdraw money from bank account of the issuer bank
It is valid till your death	It has expiry date on which it will have to be renewed.
No need to remember password. Your fingerprint is your absolute property.	In case you forgot your lost password you feel handicapped till password is resent by the Bank
No body can withdraw money after your death	Anybody having access to ATM Card and Password can withdraw money even after your death to cheat your legal heirs.
Even illiterate people can use fingerprints as smart ATM	Illiterate people fall prey to fraudsters and tricksters.
Wear and Tear will not require your fingerprint to be changed/replaced. It is your natural body part even if you are hospitalized. Bank Kiosk owner can take the Laptop to Hospital to make you payment when you are bed ridden and hospitalized.	Wear and Tear will require ATM Card to be changed/replaced. ATM Machine is fixed and can not be taken to hospital. Even patients have to visit the ATM Cabin and Machine.

What are you thinking now? Just surrender you risky, costly synthetic ATM Cards and replace the same with organic, natural finger print which can work on all your multiple bank accounts as you smart card absolutely free till your death.

Now Insurance Premium Deposit Center has also become operational at Samadhan Kender where you can get the Insurance Premium Deposit Receipt issued by more than 25 companies at single counter. 

Pension Distribution System (PDS) installed at Samadhan Kender

Life After Retirement

Senior Citizens and Pensioners have now reasons to cheer up Samadhan Kender for installing the Pension Distribution System (PDS) under AEPS in association with State Bank of India. The salient features  of the Pension Distribution System - PDS are as under:

Now all State Government Pensioners, Defence Pensioners, Civil Pensioners, Central Government Pensioners who are drawing pension from their respective Banks can draw their pension in cash at Samadhan Kender.

How does it Work?

• Pensioner visits Samadhan Kender along with Bank Pass Book of any Bank and his or her Aadhaar Card.
• Team at Samadhan Kender will check the Balance and last few transactions in the account through authorized SBI Customer Service Point already working at Samadhan Kender.
• We will let you know if your pension has been credited to your account or not.
• In case your account has sufficient credit balance, you can withdraw up to the last penny without visiting your Bank.
• This facility is available for all pensioners, drawing pension from different banks at one single point that is Samadhan Kender, Near Bikaner Mishtan Bhandar, Rajpura 140401 Punjab (Contact 9316077749), subject to the condition that Aadhaar ID is linked to their Bank account.
• The cash withdrawl is limited to Rs.20000 per account per day.
• This facility can also be availed by general customers of any bank if their bank account is linked to their Aadhaar ID.
• Now Pensioners can also generate and submit their Digital Life Certificates online through Government of India authorized Common Service Center already operating at Samdhan Kender.
• NEFT upto Rs.20000 through AEPS (Aadhaar Enabled Payment System)
• Tatkal Money Transfer up to Rs.20000 in cash per account per day.

Why should I visit Samadhan Kender?

Often we are flooded with questions as to why one should visit Samadhan Kender? What are the plus points and limitations at Samadhan Kender. We give below the Plus Points of Samadhan Kender along with its limitations:

Positive Points at Samadhan Kender

• It has good ambience and proper sitting capacity for the customers especially senior citizens, pensioners and women customers.
• It is open all days including Saturdays and Sundays from 10 AM to 8.00 PM
• It is authorized by State Bank of India as Customer Service Point.
• It is authorized by Government of India as "Common Service Center".
• It is also authorized by UIDAI as "Permanent Aadhaar Enrollment Center"
• It has experienced Panel of Experts on its board along with visiting experts on prior appointment to solve your daily problems.
• We help our customers to improve their CIBIL Score through ethical means.

Opening Shortly - Common Services Center of GOI

Samadhan Kender has been approved by GOI as authorized CSC (Common Services Center). Under the banner CSC the Samadhan Kender will make the following services available to public at very reasonable prices:

1. Aadhaar Services including fresh enrollments, correction and updation in existing aadhaars including addition of mobile number and email in the Aadhaar ID. We will also providing laminated color original printouts of lost, fresh or corrected/updated aadhaar cards with proper digital signatures.
2. Voter Card Services including fresh enrollments, correction and updation in existing EPIC/Voter Cards. We will also be providing laminated color original printouts of lost, fresh or corrected/updated voter cards.
3. We are already undertaking the PAN Card and Passport Services to which many more features will be added.
4. LIC Premium Payments, Utility Bill Payments and Money Transfer to any bank in India will also be carried out through CSC portal under e-Governance plan of GOI.
5. Educational coaching to achieve Digital Literacy.
6. Any Services related to Banking, Insurance and Pension.
7. Income Tax Return filing and other related services.
8. Government Recruitments including Indian Army, Indian Navy and Indian Air Force.
9. Jeevan Parman (Digital Life Certificates) for getting uninterrupted pension from Government.

Samadhan Kender is committed to make your life comfortable by providing Government to Citizens services and many more services under one roof to make Digital India dream come true.

How to Manufacture IFSC Code of Banks from Account Numbers

The IFSC is an 11-character code with the first four alphabetic characters representing the bank name, and the last six characters (usually numeric, but can be alphabetic) representing the branch. The fifth character is 0 (zero) and reserved for future use. Bank IFS Code is used by the NEFT & RTGS systems to route the messages to the destination banks/branches. The format of the IFS Code is shown below:

1	2	3	4	5	6	7	8	9	10	11
P	U	N	B	0	3	5	4	1	0	0

For example IFSC Code of Punjab National Bank, KSM Road, Rajpura Township - 140401 (Punjab) is PUNB0354100 to be read as PUNB ZERO THREE FIVE FOUR ONE ZERO ZERO. Now as explained above the first four characters are Bank Code for Particular Bank and 5th character is necessarily 0 (Zero). Last six characters are the branch code. Bank Code for PNB being PUNB has been picked up and after placing 5th character as 0 (Zero) the branch code of Rajpura Town - which is 354100 has been placed as it is. One more thing to remember while manufacturing the IFSC code of any bank is that in case of most of the Banks, the branch code is hidden in the account number. For example in PNB the account number consists of 16 characters in which first six characters are the branch code, next 2 characters are the scheme code and the last 8 characters are account number. In case the account number is of less than 8 characters then it can be made of 8 characters by prefixing more zeroes. To quote the account number 35410021000XXXXX consists of 354100 as branch code, 21 as scheme code for current accounts and last XXXXX digits being account number prefixed with three zeroes.

1	2	3	4	5	6	7	8	9	10	11	12	13	14	15	16
3	5	4	1	0	0	2	1	0	0	0	X	X	X	X	X

Bank Codes for manufacturing IFSC Codes of banks.

1. Allahabad Bank ALLA
2. Andhra Bank          ANDB
3. Axis Bank          UTIB
4. Bank of Baroda BARB
5. Bank of India          BKID
6. Bank Of Maharashtra MAHB
7. Canara Bank         CNRB
8. Central Bank of India CBIN
9. Corporation Bank CORP
10. Dena Bank          BKDN
11. HDFC Bank                   HDFC
12. ICICI Bank                   ICIC
13. IDBI Bank                   IBKL
14. IDFC Bank Limited          IDFB
15. Indian Bank                   IDIB
16. Indian Overseas Bank IOBA
17. IndusInd Bank Ltd.          INDB
18. Kotak Mahindra Bank KKBK
19. Oriental Bank of Commerce ORBC
20. Punjab National Bank PUNB
21. Punjab & Sind Bank PSIB
22. State Bank Of Bikaner And Jaipur SBBJ
23. State Bank of Hyderabad SBHY
24. State Bank of India          SBIN
25. State Bank of Mysore SBMY
26. State Bank Of Patiala STBP
27. State Bank Of Travancore SBTR
28. State Bank of Saurashtra SSAU
29. Syndicate Bank          SYNB
30. UCO Bank                   UCBA
31. Union Bank of India          UBIN
32. United Bank of India UTBI
33. Vijaya Bank                   VIJB
34. Yes Bank                           YESB

While making any IMPS, NEFT or RTGS the transferor  must test the IFSC code through above two litmus tests so that the transferred funds do not go astray or land into wrong bank accounts.