SBI (State Bank of India) Make a New Decision All the SBI Account Holders To Follow

In the past State Bank of India given a conformation to all the SBI account holders do not transfer amount to PAYTM wallet through ONLINE BANKING and now again SBI Announced that all the SBI Account holders should not Transfer money to FREECHARGE, MOBIKWIK, JIO MONEY, AIRTEL MONEY.SBI Blocked all the services transferring money through ONLINE BANKING in to the wallets.

  SBI suggesting to use E-wallet State bank Buddy application to transfer money, application developed by state bank of India. we can Transfer money in to wallets using Debit card and Credit card, to control from Hacking these decision was taken by STATE BANK OF INDIA after demonetization to come out all the situations wallet services users increased a lot. RBI (Reserve Bank of India) asked Expiation to SBI to explain the reasons why they stopped services to transfer money in to the wallets through ONLINE BANKING    

"Add money" to PayTM using SBI Internet banking has been disabled by bank.

State Bank of India has tweeted that they “blocked transferring money from SBI internet banking to payTm wallet” in their official twitter account , and they are recommending to use their State Bank Buddy app or SBI mobile wallets for making transactions .

BUT, paytm is much more convenient and easier to use where as SB buddy was so poor, buggy and moreover lacks a lot of options when compared to paytm.

As a result demonetization most of us started to use paytm for most of our online transactions and SBI thought that paytm was insecure for online transactions. But as we are using paytm since a couple of years paytm is much better than traditional SBI wallet apps.

NEW SECURITY FEATURE FROM PAYTM

In some cases we may forget to LOG OUT our account and there may be a chance to recharge by others to overcome these situations PAYTM released a new feature. Named as ANDROID security feature to enable this feature.

FIRST LOGIN TO YOUR PAYTM ACCOUNT

THEN GO TO SECURITY & SETTINGS

THERE WE CAN SEE THREE OPTIONS NAMELY as Follow as

CHANGE PASSWORD

PAYTM ASSIST

ANDROID SECURITY FEATURE

IN THOSE OPTIONS CLICK ON ANDROID SECURITY FEATURE

U WILL GET A NOTICE BAR as CONFIRM YOU’RE PIN and YOU CAN SEE A POPUP AS ENTER YOUR PHONE PIN/PATTERN TO PROCEED 

THEN U CAN GIVE PIN or PATTERN as your CHOICE  

THEN U WILL GET AN CONFIRMATION NOTICE

BY ENABLING THIS FEATURE WHEN OTHERS TRY TO RECHARGE PIN WILL BE ASKED. IF WE ENABLED ANDROID SECURITY FEATURE.

OFFLINE TRANSACTIONS USING PAYTM

Recently PAYTM introduced a new payment method which can be done offline by dialing a toll free number 180018001234 from the registered PAYTM mobile number. You can transfer money to other PAYTM user and can do a recharge.

If you want to access these services first you need to have a PAYTM account, now go to your phone dialer and call 180018001234.

If you are the first time user your call gets disconnected and then you will receive a call from PAYTM, it asks you to set a 4 digit pay PAYTM pin. After setting that dial 180018001234 then follow the instructions.

Voila, now you can transfer money offline to any merchant having PAYTM account as well as mobile recharge

INDIAN GOVERNMENT INTRODUCING NEW PAYMENT METHOD SOON

Although we have a variety of payment methods such as debit cards, credit cards, internet banking, USSD (Unstructured Supplementary Service Data) based payment methods Indian government is trying to implement a new type of method using QRCODES (Quick Response Code). If everything goes right this will be implemented before January 2017. If this method is implemented there is no need to carry your cards in your pockets to buy something.

Most of us already know that PAYTM and JIO MONEY have introduced QRCODE based payment, the downside of these PAYTM and JIO MONEY is that the money which is loaded into the app so the users must have sufficient balance in their online accounts which is quite annoying to some users.

So our new method just uses a universal app for all bank payments, Basically how this works is that when the merchant shows you the QRCODE you need to scan that code with the app you have installed before then the app connects with your credit or debit card (i.e., direct payment through your card) and transfers the amount instantly to the shopkeeper. So there is no need to load the amount into the app all the time.