Posts Tagged bank

Does the ATM/Debit Card Expire ?

Yesterday I got a new Visa ATM card for my Federal Bank Account. The expiry date is in 2017. The previous card was valid only for 3 years and the new one has a validity period of 10 years. I was told the old one will work without any problems. I tested and it indeed worked. I guess the bank auto renewed the old one and associated it with my account. Since the new one has a different card number, there’s no conflict of PINs.. However I just changed the new one’s PIN to the old one. So if you have a Federal bank account and thought that the card expired on expiry date, don’t worry, you an continue to use it.

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Paypal lets you accept money through Indian Banks

Not news anymore and I have not yet received any payments through paypal yet ,but I have a donation link at http://jal.sunish.net/donate.

I decided to go through the paypal process to accept money through my ICICI bank account in Calicut. After going through the profile option and Add bank of paypal website, it was asking for IFSC code.  A quick search revealed no result, but I accidentally stumbled upon

http://www.joycebabu.com/blog/paypal-supports-direct-withdrawal-to-bank-account.html where he has listed the the RBI link at http://www.idrbt.ac.in/index_fromsm.html?ifsc_directory.html?infinet

Finished through the process and got this threat

“Please make sure that the information you provided is complete and correct. Otherwise, the amount will be returned to your PayPal account (deducting any bank charges) and a return fee of 250.00 INR will be charged.”

and

It can take 5-7 business days to complete this transfer, depending on your bank’s holiday schedule and payment policies.”

Still not bad, for receiving money from the following banks SBI,Bank Of India, Canara Bank (No net banking in most places), Union bank, HDFC, ICICI, Axis, Standard Chartered, HSBC and ING Vysya.

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