Launched in February 2019, the PM Kisan Yojana provides an annual financial benefit of Rs 6,000 to landholding farmers, disbursed in three equal installments.
The Centre has approved the use of Aadhaar-based authentication for voluntary identity verification of candidates by the Union Public Service Commission (UPSC). This initiative aims to improve the verification process during registration and various stages of exams and recruitment.
FASTag is part of the government's broader initiative to promote digital payments and improve the efficiency of road transportation. Since February 2021, FASTag has been made mandatory for all vehicles in India, except for some exemptions like two-wheelers and certain categories of vehicles.
The Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) Yojana provides financial aid to landholding farmer families, offering Rs 2,000 every four months. Prime Minister Narendra Modi announced the release of the 17th installment, totaling Rs 20,000 crore, benefiting 9.3 crore farmers.
The National Highway Authority of India's 'One Vehicle One Fastag' initiative aims to improve toll collection and reduce traffic. Here's a guide on how to update your KYC online and offline, along with checking your KYC status.
NHAI's "One Vehicle, One FASTag" initiative aims to streamline toll payment processes and curb misuse of FASTags. Failure to comply could lead to inconvenience and delays at toll plazas. Updating FASTag KYC is a straightforward process through the IHMCL customer portal.
PM Kisan 16th instalment released: The 16th instalment of the PM Kisan Samman Nidhi Yojana (PM-Kisan) has been released, providing Rs. 2,000 to eligible farmers. Under the scheme, farmers receive Rs. 6,000 annually in three instalments, disbursed every four months via Direct Benefit Transfer (DBT).
FASTag is an electronic toll collection system in India, operated by the NHAI. It employs Radio Frequency Identification (RFID) technology for making toll payments directly from the prepaid or savings account linked to it or directly toll owner.
The central bank has updated instructions in the Master Direction on Know Your Customer (KYC) related to wire transfers and also aligned the same with the relevant recommendation of the Financial Action Task Force (FATF).
For children below 5 years of age, their unique identification number (UID) on the blue Aadhaar card will be processed based on demographic information and a facial photograph linked with the UID of their parents, as biometrics will not be captured for them.
Budget 2023: FM Sitharaman also said that the process of KYC will be simplified by adopting a risk-based system.
Reliance Jio wrote a letter to warn its customers about the e-KYC scams. In a letter issued by the company for the users, India’s one of the largest telecom service providers warned about the increasing cyber fraud incidences.
The State Bank of India has warned customers of instances where fraudsters have duped people with KYC verification.
SBI Bank Alert: The State Bank of India (SB), India's largest lender, has cautioned against fraudulent calls requesting KYC Verification. The State Bank has advised its customers to refrain from sharing any sensitive details online or offline.
The RBI has also decided to extend the scope of video KYC (know-your-customer) or V-CIP (video-based customer identification process) for new categories of customers such as proprietorship firms, authorised signatories and beneficial owners of legal entities.
In view of difficulties faced by customers due to local lockdown induced by the second wave of COVID-19, State Bank of India (SBI) has decided to permit acceptance of documents for KYC updation through mail or post.
The caller posed himself as a Bank executive and asked her father to share their bank account details, including the one-time password (OTP) that she received on her mobile phone. But, as soon as the complaints realized something fishy, the net banking password was changed.
During interrogation, accused Md. Azad disclosed his involvement in the crime. He further disclosed that he came in contact with other co-accused namely Rahul from Basantpur, Bihar.
A bank manager lost Rs 40,000 as he clicked on a link apparently to update his 'know your customer' details in a payment, news agency PTI reported on Sunday.
According to sources, one of the recommendations requires the DPMS sector to fulfil obligations of Customer Due Diligence (CDD) when they conduct cash transactions above a certain limit (USD/EUR 15,000). India is a member of FATF since 2010.
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