Why is my credit card not working, when I try to add money on Paytm Wallet, but it is working fine for recharges and all other things?
Unable to add money to wallet with your Credit Card? Know whyOver the last couple of months, we have noticed a disturbing trend of few Paytm customers using their Paytm Wallets to rotate money from their Credit Cards to their bank accounts. Such acts are done in the hope of earning Credit Card points or gaining access to free credit.We have blocked some Credit cards for prevention of usage for unintended purposes and have put a transaction engine in place to detect such attempts. This will ensure we identify genuine customers and help us serve them better.We encourage all our users to use Debit Cards or Net Banking to add money to their Paytm wallets if they are facing issue in using their credit cards.When a user adds money using credit card, we pay a large fee, nearly 2%, to the credit card company. We don’t currently pass along this fee to the user. Hence, the free credit days, loyalty points, etc. that the issuing bank gives the user is not funded by the bank; it is funded (indirectly) by merchants like us. Since we are not charging users to take money to their bank account, we now choose not to lose money on this behavior.Vast majority of users can still use their credit cards. We have only blocked a small number of credit cards which have been used predominantly for the purpose of taking this money to a bank account, and in the process “earning” free credit days, loyalty points, etc. Such users are free to use debit cards or netbanking.Bottom line — if you are someone who uses Paytm mainly to transact on Paytm, you will find zero discomfort.
How do I write an authorization letter to the bank, as I will be out of town and unable to receive my ATM PIN card?
To,The manager,ABC branchSub: Authorization letter for collecting ATM Pin.Sir,I _______ is having a bank account no XXXXXXXXXX with your barnch. I am not able to collect my ATM PIN in person as I am moving out of station for some urgent work. So request you to hand over the ATM PIN to Mr. XYZ, who will be visiting the branch with this authorization letter and original aadhar card (aadhar no XXXXXXXXXXXX).Thanks for the cooperation.Enclosed:Self signed copy of my identity proof,Self signed aadhar copy of the authorized person (to collect my ATM PIN).Regards,Name and signContact no:
How do you write an authorization letter to claim an ATM card while you’re in the another country?
How do you write an authorization letter to claim ATM card while you are in the another country? Suggest to use the following topic when you want to authize somebody else on your behalf to pick up your ATM card:-Subject: Authorization Letter To Claim ATM/DEBIT CARDThis is to authorize: [NAME AUTHORIZED PERSON] to claim a [DEBIT CARD / ATM CARD] from [NAME BANK] [with following features: if available expiry date, card number, etc]in your [LOCATION ie. Bank, office] as I am currently not able to do it myself.To support my claim, I have appended two of my Identity cards, respectively:[ID 1: ie COMPANY ID]; [ID 2 ie: PASSPORD ID].to serve as proof that I have allowed the bearer of this letter to claim the documents on my behalf.Free Authorization Letter to Claim ATM Debit Card
I mistakenly entered the wrong pin for a debit card 3 times. Now the card is blocked for transactions. How do I unblock it (it's an Axis Bank Visa debit card)?
Wait for next 24 hours, u can use ur atm again after 24 hours, actually the developer has coded a language in whih u have to wait for 24 hours, if u wrongly put ur atm pin muliple times… and after 24 hours if u still won’t remember ur password then u can again regenerate ur atm by visiting ur banks atm(particular of ur bank), and with the help of ur registered mobile no.
Can I get a cash advance through an ATM with a debit card?
The answer yes but one thing to keep in mind is that the money you get from an ATM machine by using your debit card is actually your money. It means that you must have enough available balance in your bank account in order to be able to withdraw money from the ATM. Otherwise, you would be using money that belongs to the bank and not to you.If you meant to ask if you are able to get an advance cash loan through the ATM machine by using your debit card then the answer is no. You might still be able to withdraw money from the ATM machine even if the available funds in your bank account are either insufficient or you have reached a zero balance point. However, that type of loan is a negative loan that is deemed unacceptable and questionable and which will only bring you issues rather than any positive solution because you owe money to the bank when you use an amount of funds that is greater to the one available in your bank account and of top of that; the bank will charge you an overdraft fee for surpassing the limit. For example, let us pretend that the funds available in your bank account is 20 but you are able to withdraw 100. Now you owe 80 to the bank plus they will charge you 35. So you owe 115 in total to the bank because you were allowed to use money that is not yours and of if you do not pay it all back to the bank and in a timely manner then your debt will keep on increasing and there will be further and greater consequences.The way to obtain money through the ATM machine is that you must insert your debit card into the ATM.The second step is to input your debit card personal pin number by using the ATM keyboard.And then press the button ENTER which is usually the green button in most ATM's.The next step after entering your correct debit card pin number at the ATM machine is to press the “withdraw” option from the ATM's menu options.After you select the withdrawal option from the ATM's menu option; the next step is to enter the exact amount of money that you want to withdraw from the ATM machine.You must also select where the money will come from. Either from your bank checking account or from your bank savings account because a debit card is linked to your bank account.Then if you have enough available balance in your bank account or if your bank agrees to proceed and give you the money even though your funds are insufficient then the ATM will dispense the cash for you to receive it.
Where can I cash a check without an ID?
No one will cash the check for you if you present the check yourself. If you endorse or sign the check over to anyone, you may risk the chance that the bank cashing the check may require ID (or a copy of the ID from the person not present) from both parties, i.e you and the person you signed it over to, negotiating the check. There are a couple of ways around not having to present and ID:1. If you are a minor, your parents or guardians can negotiate the check for you. All they would have to say is that you are a minor and you are their child.2. The maker (the person signing the front of the check or the owner of the account the check is drawn from) can negotiate the check. 3. If an employee can positively identify you at the financial institution that you are cashing the check it may be possible. However, you either must have an account there or the check you are trying to negotiate must be drawn from an account there. Hope this helps, Miguel
What are the limitations of Axis ASAP accounts?
I recently opened an Asap account after numerous unsuccessful attempts. I don’t know why I was so obsessed with opening it at first place. Anyway since I did I would like to share a few things that you may want to know about it.Though they say Physical debit card is optional but the problem is you cannot get your account verified without having a physical debit card.You won’t be able to register yourself for internet banking or mobile banking, as it would say your debit card authentication failed.So effectively even if you are able to open an asap account you’ll not be able to use it without a physical card.Another important issue that i figured is if you chose to open your account from any different city (as your city’s branch is not listed) you’ll have to visit the branch for KYC Verification only after which you’ll be able to use your physical card.Why I am so against their physical card? Reason is simple. They charge issuance fee of 300 INR plus Annual fee is 500 INR. This is a big turn off!Verdict:- If you are not a brand freak and like to spend wisely go for Regular Savings account of any bank of your choice. SBI is best. If you really want a digital savings account then go for PayTm Payments bank. Its doing incredible job.If you are willing to pay 500/_ annually for keeping an online account with axis bank you you can go for it.For your reference, I have attached relevant screenshots that are official. I mean all that I’ve said above are facts and not my personal opinion.Charges-2. Physical card is must-Hope this helps.