IFSC Code: What it is and why it is necessary for doing online transactions

June 15, 2019

The Reserve Bank of India assigns every bank branch a unique eleven digit number called the Indian Financial System Code or the IFSC. The unique number is a combination of both alphanumeric code, specially designated to a particular bank branch. The IFSC code is a potent requirement when it comes to making online financial transactions namely Real Time Gross Settlement (RTGS), Immediate Payment Service (IMPS) and the National Electronic Fund…

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Defence, Energy Sectors Most Targeted Among Cyber-Attacks in India, Says Kaspersky

June 15, 2019

With an evident increase in the frequency and volume of cyber-attacks on India, government sectors are in the foremost line of fire. Explaining the rise of targeted cyber-attacks in India to News18, Saurabh Sharma, senior security researcher at Kaspersky APAC’s global research and analysis team, said, “Most of the cyber attacks on Indian government are targeting the defence and energy sectors.” Further adding to this, Sidharth Mutreja, enterprise solutions architect…

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Facebook’s cryptocurrency-based payments system gets big backers: Report

June 14, 2019

Facebook Inc has enlisted more than a dozen companies including Visa Inc, Mastercard Inc, PayPal Holdings Inc and Uber Technologies Inc to back its new cryptocurrency, the Wall Street Journal reported on Thursday. Each company will invest around $10 million in a consortium that will govern the cryptocurrency, the WSJ reported, citing people familiar with the matter. The money will fund the creation of the coin, which will be pegged…

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Four ways to block your lost/stolen debit/credit card

June 14, 2019

ATM cards are the easiest way to take out money deposited in bank accounts and hence, it becomes essential to keep them safe to avoid any fraud activities. However, sometimes we lose our ATM card or it ends up being stolen by someone. In that case, the first thing to do is to block the card and get a new one reissued as soon as possible to avoid any fraudulent…

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Employees Provident Fund Nomination: Here’s How You Can Do It Online

June 13, 2019

EPFO or Employees’ Provident Fund Organisation allows subscribers to assign a nominee online. EPFO is the nodal agency to monitor EPF (Employees’ Provident Fund) contributions, which is a mandatory contribution from the salary of an individual. The nomination details can be submitted through the retirement fund body’s website, unifiedportal-mem.epfindia.gov.in. In the event of a subscriber’s death, only the nominated members can withdraw the EPF savings. Subscribers can also nominate more…

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Here’s what your iPhone does when you sleep: Five steps to protect your personal data and limit app tracking

June 13, 2019

Data privacy in today’s time has become a very delicate subject. Smartphone manufacturers now bringing in various steps to protect data privacy while asking users on the other end of the spectrum to do the same. However, it is still scary when your iPhone which claims to be one of the foremost on the protection of data, still has apps which continuously beams out personal information like phone numbers, location…

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Govt may have to extend ITR filing deadline for FY18-19; extends Form 16 issue date to July 10

June 13, 2019

The government may have to extend the due date for filing income tax return (ITR) this year. The normal due date or deadline for filing ITRs by individuals is July 31. This is because the Central Board of Direct Taxes (CBDT) has issued a notification dated June 4, 2019 extending the deadline for employers to file their TDS returns and also to issue Form 16 to employees to June 30th…

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WhatsApp threatens legal action against public claims of messaging abuses

June 12, 2019

WhatsApp has threatened legal action against those who publicly claim the ability to abuse its messaging platform, after the emergence of a raft of companies advertising products to bypass usage restrictions. A Reuters investigation found in May that WhatsApp clones and software tools were helping Indian digital marketers and political activists bypass anti-spam restrictions in the run-up to India’s general election. Until now, WhatsApp has focused legal action on abuses…

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RBI to waive all charges on RTGS, NEFT from July 1: How you are impacted

June 12, 2019

Following up on the announcement made on June 6 after the bi-monthly monetary policy review, the Reserve Bank of India on Tuesday evening announced that it will waive all charges on fund transfer through popular RTGS and NEFT systems from July 1. The RBI has also asked banks to pass on the benefits to customers from the same day. The RBI said it has reviewed the various charges levied by…

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How To Access Employee Provident Fund (EPF) Passbook Online

June 12, 2019

The EPFO or Employees’ Provident Fund Organisation provides several online facilities to its subscribers. One such facility enables EPF (Employees’ Provident Fund) subscribers to access the statement of contributions in their account. A subscriber can access EPF passbook from the EPFO’s member portal, epfindia.gov.in. In an EPF account, the employee contributes 12 per cent of his or her pay (basic wages, dearness allowance and retaining allowance) towards the account, and…

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Other Users Can See Your Passwords If You’re Using Google Chrome

June 12, 2019

There are hundred of social media websites and apps a single user has to manage these days and all these accounts come with their own set of baggage, particularly having to remember passwords. Now, the good thing about technology is that it has provided us with certain tools that help manage and remember passwords. There are many apps today that help you do so. But, did you know that even…

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Spam calls? How to block them on Airtel, Vodafone-Idea, Reliance Jio and other networks

June 12, 2019

Calls of telemarketers and bots are very common these days and these are getting worse day by day. During elections, we have also received automated calls from several leaders seeking vote. These sometimes jeopardise calls from our friends and family and the only option left with us is to block these calls. But how? Most people does so by blocking that particular number using their smartphone’s call blocking feature which…

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