"ONLYBANK A/C NUMBER REQUIRED FOR E-FUND TRANSFERS NOW” plus 1 more

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ONLYBANK A/C NUMBER REQUIRED FOR E-FUND TRANSFERS NOW Posted: 04 Jan 2011 10:37 AM PST Looking to speed up the transfer of funds electronically, banks will henceforth only take into account customers' account numbers for such transactions, ignoring other details like names. The new mechanism is intended to reduce the possibility of any errors and comes into effect from January 1, 2011. This is in line with a Reserve Bank directive under which customers would need to mention their... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

UID TO REPLACE EPF ACCOUNT NUMBER -EPF ONLINE BALANCE BY 31.03.2011 Posted: 04 Jan 2011 12:24 AM PST The Employees' Provident Fund Organisation (EPFO) plans to replace the provident fund (PF) account number with a unique identification (UID) number, a move that would enable speedy transfer of subscribers' funds in case of a job change and allow them to track their accounts online. At present, if a subscriber changes his job, it takes months to transfer PF money from one account to another, as a... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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