Semi-closed e-wallets

 

e-wallets





1 Semi-closed e-wallets are online prepaid accounts, which can be used to pay for goods and services at select merchant locations that have tie-ups with the e-wallet issuing company.

2 The owner of the semi-closed e-wallet is not allowed to redeem or withdraw cash from the wallet and is required to use the credit to make online payments.

3 The money is kept in an escrow account with a bank and the customer does not earn any interest on this money.

4 Other than banks and non-banking financial companies, all entities are allowed to issue only closed or semi-closed e-wallets to customers.

5 The customer must fulfil KYC requirements depending on the value of transaction. For payments of `10,000 and above from the e-wallet, a KYC verification process needs to be completed.

-----------------------------------------------

Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds

Top 10 Tax Saving Mutual Funds to invest in India for 2016

Best 10 ELSS Mutual Funds in india for 2016

1. BNP Paribas Long Term Equity Fund

2. Axis Tax Saver Fund

3. Franklin India TaxShield

4. ICICI Prudential Long Term Equity Fund

5. IDFC Tax Advantage (ELSS) Fund

6. Birla Sun Life Tax Relief 96

7. DSP BlackRock Tax Saver Fund

8. Reliance Tax Saver (ELSS) Fund

9. Religare Tax Plan

10. Birla Sun Life Tax Plan

Invest in Best Performing 2016 Tax Saver Mutual Funds Online

Invest Online

Download Application Forms

For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

---------------------------------------------

Leave your comment with mail ID and we will answer them

OR

You can write to us at

PrajnaCapital [at] Gmail [dot] Com

OR

Leave a missed Call on 94 8300 8300

-----------------------------------------------