Exchange 500 and 1000 notes at Samadhan Kender

Exchange 500 and 1000 notes at Samadhan Kender 

Government of India vide its notification on exchange of old currency notes of 500 and 1000 rupees stopped the exchange facility throughout India. But Samadhan Kender is encouraging the public in general to deposit old currency notes of Rs.500 and Rs.1000 and get back the new currency immediately in denomination of Rs.500, Rs.100, Rs.50, Rs.20 or Rs.10 as per availability. Public can visit the Samadhan Kender along with the following documents:

• Customer should tell the name of the Bank with which he or she is maintaining the Bank Account which is properly linked with either Aadhaar Card or PAN Card.
• Customer should bring the original Aadhaar Card.
• Customers can deposit the old currency notes of any denomination in their account maintained with Indian Commercial Bank up to limit of Rs.2500 per day per account per customer.
• Customers can also withdraw any amount up to Rs.2500 per day per customer per account subject to weekly ceiling of Rs.24000 from such accounts.
• Through the above process the customers can virtually exchange their old currency of Rs.500 and Rs.1000 up to weekly ceiling of Rs.24000 subject to availability of cash at State Bank of India - Customer Service Point being run at Samadhan Kender through Aadhaar Enabled Payment System popularly known as AEPS.

Income Tax Deptt Keeping Vigil on Cash Txns!

Do you know that IT Department is monitoring Cash Transactions?

With the demonetization of 500 and 1000 rupee notes, the Prime Minister, Narender Modi has given a hard blow to the corrupt and hoarders of black money. But demonetization alone is not the solution to curb corrupt practices and black money as people again find ways and means to evolve escape routes to befool the Income Tax authorities. To get rid of black money and corrupt practices, the government not only needs to be vigilant 24x7x365 but also make provisions for harsh penalities like imprisonment so that no one can think of corrupt practices and everybody is forced to be honest in dealings. While I will be discussing a few suggessions to take steps so that now onwards there is no creation of fresh black money. As of now the IT authorities appear to have taken step to keep vigil on cash txns through income tax website. New Menu with "Accounts with Cash Transaction" has been added in the Income Tax efiling and all your cash Transactions in Accounts with valid PAN Number will be visible in the menu.

Suggessions to Curb Black Money:

• There is no system that doctors give digitalized receipt for the treatment and prescription given to the patients. Government should make it compulsory to register the patients online through Aadhaar ID and accept payments only through Digital Platforms.
• Similar guidelines should also apply to Lawyers, Architects, Contractors and there should be complete ban on acceptance of Cash Payments by professionals.
• Biggest source of black money is real estate and registrars enable the transfer of property at lower price whereas the actual deal is many times the transfer price. This facilitation not only causes loss of stamp duty to the state governments but is the biggest source of corruption as facilitators i.e. registrars, tehsildars and the connencted people get their share from the beneficiaries i.e. sellers and purchasers. Let the Government devise ways and means to plug the loopholes in the system.
• The law enforcing machineries must set an example for the public in general and they should not find favors to favor the law breakers. In this category all vigiliance authorities like Income Tax, Police, CBI, Licensing Authorities, Jail Authorities, Judiciary must set an example before the public and they must command respect from the public by leading clean and public friendly life.
• Politicians should be easily approachable by the electorate and they should maintain grievances registers to follow up the grievance redressal mechanism of the concerned department.
• Harsh law need to be formulated so that anyone is to think twice before resorting to corrupt practices or commiting any economic offense.
• If economic offences are brought to "Zero Tolrence" level then there will be big fall in other crimes and economic offences lead to money power translating into muscle power and crimes against the society.
• Government should bring down the rates of taxations so that more and more people opt to pay taxes happily. Government will have to take risk by making a start. 
• Agriculture is not taxable where as defence forces salay is taxable as a common man. Government must abolish the taxation immunity to the agriculture sector as big bigs park their black money in agricultural sector. Government can, if it wants to, keep the small and marginal farmers out of tax bracket.
• All those entities, individuals or legal entities, who make cash transactions to befool the revenue authorities, should be heavily taxed in such a way that they are not able to create black money through cash transactions.

Why Samadhan Kender only for PAN Cards?

Why Samadhan Kender only for PAN Cards? 

Often public asks "What is the big deal in getting the PAN Card issued"? PAN agents are available at every corner of the street and they will just obtain your signatures on the blank Form 49-A along with self attested copies of your ID Proof like Aadhaar, Voter Card, Passport and Proof of DOB like Matriculation Certificate or Birth Certificate. They will fill the form 49A manually in illegible handwriting without bothering for spellings and any conflict with any of your ID proof or proof of date of birth. They will apply for fresh PAN Number without bothering for the following questions and guidelines like:

• Had you got issued PAN number in the Past? If  yes what is the PAN number? Whether you were minor at the time of issuance of PAN number? Have you ever used your existing PAN number in banking or income tax transactions? 
• We will search for the PAN number of the individual and make sure that you have never been issued PAN Card in the past as keeping two or more (multiple) PAN cards can have far reaching consequences.
• In case we find that any person has got issued two or more PAN Cards, our experts will advise such PAN Card holder to surrender the unused PAN card.
• Applying for PAN cards of Minors, Illiterates, Firms, Companies, NRI's and Trust requires in depth knowledge of documents to be submitted so that your application does not get rejected by PAN issuing authorities.

Moreover Samadhan Kender offers Complete Income Tax Package to existing or new PAN card holders which includes the following services:

1. Making IT profile on the GOI website of Income Tax and ensuring that the IT Profile is properly linked to:

• Personal Mobile Number of the PAN card holder.
• Personal email ID of the PAN Card Holder.
• Aadhaar ID of the PAN Card Holder. If there is any conflict then experts at Samadhan Kender through "Aadhaar Enrollment Centre" of UIDAI operating at Samadhan Kender link the Aadhaar with Mobile Number and insert the correct Date of Birth in the Aadhaar as most of the Aadhaar Cards issued in India have only the year of birth instead of full Date of Birth and that too is declared but not verified.
• Link and Pre-validate your main or primary bank account where all refunds of income tax will automatically land after assessment.

2. Checking the Tax Credit that TDS deducted and credited by the Income Tax authorities in your Income Tax account linked with PAN number.  Scrutiny of 26AS is very important as Tax Deductors wrongly report the tax deductions inadvertently.   In one of the cases a reputed company while making payment of more than one crore to one of their contractors wrongly mentioned the PAN number of some other individual resulting into that TDS deducted in lacs of rupees was wrongly reported in 26AS of the person due to wrong mentioning of PAN number. Now the PAN Card holder, whose 26AS was credited with contractual income of more than one crore and TDS in lacs of rupees, got a Notice from Income Tax authorities for not filing the IT Return and concealment of income. It was only after the aggrieved PAN Card holder, who was not having any taxable income consulted the experts and found that it was due to mistake of fact but the PAN Card holder had to pass through tough time.

3.  Filing of Income Tax Returns for immediately preceding two financial years. For example if you approach us now in September, 2016 than  we will electronically file your IT Returns for the AY 2016-17 and AY 2015-16.

4.  We will let you know the Refund Demand Status for earlier Assessment Years.

5.  File Rectification of IT Returns of previous two years in case you have filed the return before due date.

6.  E-verify your previous returns if these are found pending for e-verification. Unverified IT Returns are not assessed by the IT Department.

What are you thinking now? Visit Samadhan Kender immediately for solving all your problems relating PAN Card, Efiling of IT Returns, IT Refunds, Rectification of wrongly filed IT returns. Consult our experts for free and avail the IT Package to lead comfortable tension free life.

How to get Proof of ID Address and DOB Rectified?

How to Synchronize Proof of ID, Address and Proof of DOB: 

Have you checked your Aadhaar UID for possible mistakes?

If you have not checked your Aadhaar UID then you are committing a blunder as certain deficiencies in Aadhaar ID may not allow you to get the real benefits of having Aadhaar UID. Check you Aadhaar Card immediately:

• Name : Ensure that the name in the Aadhaar Card is exactly same as in your Birth Registration Certificate or SSLC (Matriculation) Certificate. Your name in other ID Proofs like PAN Card, Voter Card, Driving License and Passport etc.
• Date of Birth : Most of the Aadhaar Card mention only the year of birth like 1986, 1993, 1999 or Date of Birth is mentioned as 01/01/1986, 01/01/1999 etc which is incorrect. Such Aadhaar Cards can neither be accepted by PAN CARD issuing authorities nor be used to e-verify the online IT returns. In case your Aadhaar Card shows date of birth as "Year of Birth" like 1986, 1993, 1999 or Date of Birth is mentioned as 1st of January of "Year of Birth" like 01/01/1986, 01/01/1990, 01/01/1999 then you need to visit Samadhan Kender for immediate correction and updation of your DOB in the Aadhaar Card. Correct DOB in Aadhaar will solve your many problems in one go.
• Mobile Updation in Aadhaar : Most of Aadhaar Cards are not linked to the mobile numbers of the Aadhaar Card holders. Aadhaar UID is useless without Mobile Number as without linking your mobile number the individuals can not:

1. Avail the Free Digi Locker facility to store important documents.
2. Update or Change address, mobile number, name, email ID in Aadhaar UID.
3. Get Duplicate e-Aadhaar from Samadhan Kender.
4. Generate Life Certificate for Pensioners.

• Email Updation in Aadhaar : It will be prudent of the part of Aadhaar holders to get their valid and active email ID updated in their Aadhaar Card as GOI plans to issue dematerialized and digitized documents like Matriculation Certificates and Degrees which will land in Digi Locker account linked to Aadhaar ID with active mobile number.
• Address on Aadhaar Cards : In India housing is a big problem and only 10% of the populations have their house of their own and more than 80% of the population are living in rented houses. Due to one reason or the other populations keep on moving and to avail the bank loan facilities the bank managers insist of updation of current address in their Aadhaar UID. Government has not issued any guidelines to UIDAI for inclusion of a) Permanent Residential Address and b) Current Residential Address. In our opinion the Aadhaar Card should have Permanent Residential Address.

In case you have any problem with your Aadhaar UID, please do not hesitate to talk to our Panel of Experts who will guide you in professional manner so that you do not face any difficulty while getting the a) Passport Issued b) Visa Issues c) PAN issued or availing any other Central or State Government facility.

Similarly Please check your Voter Card, PAN Card, Birth Certificate, Passport, Driving License, Universal Account Number etc for possible mistakes and mismatch with your Date of Birth, Name, Mobile Number, Email ID, Name of Father or Mother, Qualifications, Current and Permanent Address lest you feel helpless at the eleventh hour.

It will be better if you fill in the following format and check that all ID Proofs match with one 
another:

ID CARD or Document	Name as on  ID Proof or  Document  with Mobile Number if Linked	Date of Birth	Address with PIN Code	Father Name	Mother Name	Spouse Name
Birth Certificate
SSC/Matric Certificate
Aadhaar ID
PAN Card
Voter Card
Pass Port
Driving License
Universal Account Number
Marriage Certificate

Do this one time exercise and ensure that there is no mismatch of the data available in your important documents and ID Proofs lest it may tease you at the eleventh hour when you try to get overseas VISA under work permit, student, tourist and Permanent Resident (PR) Visa.

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 Chhota ATM by State Bank of India

Soon Launching Mini ATM popularly known as Chhota ATM of SBI at Samadhan Kender. Chhota ATM is likely to go live by the end of March, 2016.

We have been identified and approved by SBI to dispense cash within prescribed limits by SBI.

Swipe Card and Get Instant Cash:

• Any ATM-cum-Debit Card holder can swipe his or her card to get instant cash up to Rs.1000 per card per day (Limit is likely to be revised soon) in multiples of Rs.100.
• Chhota ATM is very useful for small customers who may not like to wait in long queues at Banks or Bank ATM machines.
• You can swipe cards of all major banks including Axis Bank, HDFC Bank and/or State Bank group debit cards.
• Chhota ATM facility is available round the clock and we are also open on Sundays.
• You are not to pay any extra charges to the Merchant providing Mini ATM facility.

Visit Samadhan Kender to swipe card and get instant cash up to Rs.1000 without any extra charge.

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.

Visit Samadhan Kender to open Sukanya Samridhi Deposit with SBI

Union Budget 2015 is being unfolded by the taxation experts and it will come as a big shock the depositors who used to save regularly through Recurring Deposit schemes with Banks in India. Finance Minister has cunningly included the Recurring Deposits in the TDS net by bringing the RD at par with Fixed Deposits. Now if you are having a fixed deposit of say Rs.5 lac with a bank yielding monthly interest of say Rs.4000/- per month on which bank will already be deducting TDS of Rs.400/- per month at the rate of 10% if PAN is given to the bank and at the rate of Rs.800/- per month being 20% if PAN is not provided to the Bank. If the interest amount of Rs.4000/- net of TDS being Rs.3600/- or Rs.3200/-, as the case may be, is reinvested in Recurring Deposit then interest earned on such RD is again taxable u/s 194A to the tune of 10% or 20% as the case may be becuase the interest amount on Fixed Deposit and Recurring Deposit will exceed the ceiling of Rs.10000/-. This is a clear cut case of double taxation being imposed on the depositors. Due to pro-capitalist policies of the Government of India, interest rates have already been lowered to less than 9% per annum to lend money to billionaire MNC's at lower interest in the name of boosting economy and employment. The senior citizens in India are finding it very difficult to make both ends meet due to rising inflation which is the outcome of money supply at lower rates. On the one hand the money has become cheaper and on the other hand the rupee gets devalued due to inflationary trend caused by more and more supply of money at cheaper rates.

In such a scenario what is the option available to make savings which can yield much more to neutralize the rate of inflation and depreciation of rupee. Union Budget 2015 has come out with Sukanya Samriddhi Yojana for investing the money in the name of the girl child below the age of 10 years by natural or legal guardians. Salient features of the Sukanya Samriddhi Yojana are as under:

• The Sukanya Samriddhi Yojana account is similar to Public Provident Fund which will attract interest @9.1% per annum compounded yearly. The account can be opened with initial deposit of Rs.1000/- and subsequent deposits can be in multiples of Rs.100/- with minimum of Rs.1000/- in such a way that the maximum contribution per financial year (1st April to 31st March) does not exceed Rs.150000/-.
• Contribution can be made for 14 years from the date of opening of the account which will mature after 21 years from the date of opening of the account.
• The subscriber can not deposit any amount in the account from 15th to 21st year of opening of account under Sukanya Samriddhi Yojana.
• Withdrawal of 50% of money can be withdrawn for education or marriage of the girl child after the girl child attains the age of 18 years.
• If an account is opened on the immediate birth of the girl child then the following maturity values are payable if the regular contributions are made at regular intervals though the subscriber is free to make irregular contributions at irregular intervals.

Mode	Contribution (Rs)	Tenure	Total Cont.	Maturity	Maturity Value
Monthly	1000	14 yr	168000	21 years	607128
Yearly	10000	14 yr	140000	21 years	526050
Yearly	12000	14 yr	168000	21 years	631268