Archive for November, 2009

Reliance energy bill payment – How to pay reliance energy bill

November 3rd, 2009

You can pay your Reliance Energy bill instantly with the help of a credit card or through your Reliance India Mobile (RIM)

Use any valid Visa, Mastercard / American Express or Diners Credit Card, or pay through your Net Banking account with Citibank, IDBI Bank, HDFC Bank, State Bank of India or Punjab National Bank, ABN AMRO, Bank of India, Indusind Bank, Union Bank of India and AXIS Bank. More banks will be added shortly. You can also pay your bill through ITZ Cash Card.
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Receive online confirmation and a Transaction Reference Number.

0r you can use  REL Bill Pay ?

REL Bill Pay is a new bill payment facility to add further convenience to our valued customers. Now you can pay your bill from just any where and any time through your Reliance India Mobile (RIM) phone using ITZ Cash Card.

Following are the advantages for opting for REL Bill Pay.

* By registering for this service, you will be able to view and pay your bills over your RIM phone using ITZ Cash Cards.
* You can avail the service by a simple Registration procedure on R-World.
* If you are an ITZ Cash Card holder, you need not access the internet to make your bill Payment, you can pay by “Bas button dabao” using your RIM phone.

Helpful links:

http://www.rel.co.in/Rel/Paymentoptions/paybillsonline.jsp

http://www.rel.co.in/Rel/Paymentoptions/rimbill.jsp

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New credit guarantee scheme will make education loans easier

November 2nd, 2009

Indian government is planning to protect education loans under a new credit guarantee scheme and has already send  proposal to Indian Banks’ Association (IBA).IBA chairman M V Nair said “The IBA will form a committee of experts that will formulate such schemes. We are in the initial stages”

What is New credit guarantee scheme ?

New credit guarantee scheme will be similar to the credit guarantee schemes for micro and small enterprises (MSEs), Under which Small Industries Development Bank of India (SIDBI) protects the credit worthiness of borrower in case of default.

For a marginal fee, SIDBI provides guarantee up to 85% for loan up to Rs 5 lakh, 75% for Rs 5 to Rs 50 lakh and in case of Rs 50 lakh to Rs 1 crore, the protection is at the rate of 75% for first Rs 50 lakh and 50% for the balance amount.

Education loan application should not be rejected
IBA had clear to banks that education loan application should not be rejected or passed on to the other PSU bank on flimsy grounds “In February, following IBA’s directive, some banks have started giving 50% concession in interest rates on education loans to girl students for pursuing higher education in India or abroad but most banks are still reluctant,” said a top banker.

The education loan scheme that provides financial support from the banking system to deserving meritorious students for pursuing higher education in India and abroad was introduced in 2001. Under the schemes, banks are not supposed to ask for any collateral or guarantee from the borrower for loan upto Rs 4 lakh, for loan between Rs 4- 7.5 lakh, bank may ask for guarantees or collaterals and beyond this, banks definitely ask for collaterals.

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Posted in Loans

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Probably bonus for ICICI Bank employees

November 2nd, 2009

ICICI bank considering bonus for its employees because of rise in profits in  second quarter.

Do you know the Full form of ICICI bank check it ..

ICICI Bank CEO Chanda Kochhar has said the bank is consider rewarding its employees with bonus, which it skipped last year because of poor performance.

“I am still hoping that we should be able to give (bonus by the end of fiscal),” ICICI Bank CEO and Managing Director Chanda Kochhar said.

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Money transfer from ICICI Bank to other bank

ICICI Bank Money to India


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Money transfer from ICICI Bank to other bank online in India

November 1st, 2009

Money transfer from ICICI Bank -  I know icici bank does not charge any money, also it tranfer instantly,  if you want to transer funds to a icici bank account in India online but it is  not confirmed that it charges or not if you have to transfer funds to a non ICICI bank account like HDFC, Axis bank, SBI or any other bank.

Steps to Money transfer from ICICI Bank

  • Just Logging into ICICI Bank Account.
  • Select the ‘Funds Transfer’ option – You have 3 options –Transfer funds to your own ICICI Bank Accounts  orTransfer funds to any ICICI Bank Account across India or Transfer funds to any of the specified non ICICI Bank Accounts with specified Banks across India, select the option which is relevant to your transaction.
  • Add Payee : Just complete the necessary details. Payee Account Number twice , Account Name and you will be notified instantly via SMS with a confirmation number.
  • Confirming the payee.
  • Now you can send the funds to any bank account instantly or schedule the funds to be transferred for later time.

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Posted in Banks in India

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Do you know the full form of ICICI bank ?

November 1st, 2009

ICICI stands for Industrial Credit and Investment Corporation of India. ICICI Bank is one of the4 Big Banks of India with State Bank of India, Axis Bank and HDFC Bank.

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Posted in Banks in India

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ICICI Bank Money to India – NRI money transfer to India

November 1st, 2009

What is ICICI Money to India -  It is a free online service provided by ICICI bank to NRI (Non resident Indians) through which they can transfer their funds or money to India within 2 days (excluding Saturday, Sunday and public holidays in India and in your country).

Below listed are the different transfer modes provided by ICICI bank ?

Important questions related to money transfer :

Who can remit money ?
It is open to all but you must be a registered user of Money2India

How long does it take to transfer funds ?
The actual amount of time it takes depends on whether the beneficiary has an account with ICICI Bank or not.

If the beneficiary has an account with any branch of ICICI Bank the remitted money reaches the beneficiary within one banking day (that is, excluding Saturdays, Sundays and other public holidays) of the receipt of funds in our Nostro account. This typically amounts to two banking days from the date of your giving wire transfer instructions to your local bank. However, ICICI Bank is not responsible for any delay in processing your request due to non-credit of funds by your local bank to our Nostro account or due to incomplete details provided by them.

If the beneficiary does not have an account with ICICI Bank
The remitted amount reaches the beneficiary within one-three working days from the date we receive credit in our Nostro account. In this case, ICICI Bank will send a demand draft / pay order, net of charges to his / her address, as specified by you.

In which currencies can I remit money to India and in which currencies can my beneficiary receive the payment?
Currently, you can remit money in 10 currencies (AED, AUD, CAD, CHF, EURO, GBP, HKD, SEK, SGD, USD). However, payments to your beneficiary in India will be made only in Indian rupees

If still you have any doubt call the icici bank customer care …

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Posted in Banks in India

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