Tricky Finance -

Income Tax Calculator – Calculate Your Taxes Online in India

October 15, 2018 by trickyfinance Leave a Comment

Well, the income tax return is important but confusing for lots of people too. There are too many people who don’t know what to do first and what should be add in a taxable list or not. Also, there are things that can help you in saving the amount in your total tax but for that, you should be aware of what are those factors that can help. Apart from that, there is lots of calculation that are needed for getting the income tax and the correct amount for paying.

Well, for saving some amount of money there are different laws and claims that you can opt. For filing in the criteria, you must know your eligibility and which slot of income you are getting. Different slots have their own rules to follow. For saving themselves from the hassle there are lots of people go with the professional as they can handle the work much easier. Along with that, the documentation and what you need for what can also become much easier as simpler. This is a good option for those who are going for the first time filing for income tax return.

Why it’s important to understand everything? Well, it’s important because there are some incomes which are taxable whereas some are not. Also how you can do the calculation based on what and other lots of things that are needed for getting the amount for paying the tax.

If you are one of them and looking for a help which can solve the mess for you and also help you in understanding stuff much better. Then there is everything that you need to know, for making the basic clear, here are points to help.

How to Calculate Income Tax Examples:

There are some basic steps that can help you in getting the correct calculation in income tax without facing any hassle. Well, the first thing that you have to do is tally all incomes from different sources that you have in one place. Also, check the taxable and nontaxable components that you have in your salary. Apart from that, there are a few more things that you should include such as:

Your basic salary
Your commissions and bonuses
Allowances of yours

Also, there are a few points that can help you in knowing which allowance can be included in which part and how they can involve in the calculation:

Fully taxable allowances: well the list includes DA (dearness allowance), OA (overtime allowances), and city compensatory allowance mostly given to the people who moved to the cities like Mumbai, Kolkata, Chennai, and Delhi.
Partly taxable allowances: here you get allowances like HRA (house rent allowance), entertainment allowances and also other different kinds of special allowances
Fully exempt allowances: the list of this category includes allowances for high court and judges of Supreme Court etc, apart from that it also includes foreign allowances for all those employees who are working or posted their job to another different country.

Well, there is a very basic formula that you can simply use for finding out the income tax amount for you. But before that, it’s important to have all informational, documents and correct data with you so whatever you figures get that will be accurate. This will help you in getting the right calculation as well. For the calculation of the amount, you can simply do the mathematics and use this formula for getting the final results

Here is what you can apply:

Your taxable income = Gross income of yours – (exemptions + deductions)

This will help you in getting the amount however for better and clear picture; you should go for the professionals.

How to Calculate Income Tax for the Salaried Person:

Calculation the income tax for the salary person is one of the things where you have to be careful. Your carelessness can cost you more and you maybe end up paying the higher tax than you should. The taxation only exists with the relationship employer and employee. The very first that you need to know is the salary slab and on which point do your income fall. With that, you also have to declare your proposed investments so the further work can be done easily without facing too many difficulties in the calculation. However, for the calculation, there are a few things that you need to know.

1. Gross salary

For maximizing and saving tax around Rs 45000, you can invest the section 80 C for the Rs 150000. Here you can make the investments in other various things which includes provident fund, equity-linked savings, national savings etc. also you can deduct the amount which is eligible for the deduction, if you owe the house of yours then you are not eligible for claiming the home loan deduction interest in payment as well as the rent. Well for calculating the gross salary, here is what you can do

The calculation is,

Total of basic pay + Dearness allowances + transportation allowance + house rent allowance + special allowance + other allowance = the gross salary of yours

2. Deduct the income from your salary

Deduction on income salary is mentioned under the section of 16 in the income tax act. Well the deduction includes:

Tax on employment ( under section 16 (iii)): well the professional tax is eligible in the form of deduction while the incomes are from your salary
Entertainment allowance (under section 16 (ii)): the allowance is given by the employer and the deduction is only allowed for that. Well, the deduction is just for those who are government employees. The deduction also can be the 1/5th part excluding the other benefits. However, the deduction is not for non-government employees.

Computation of Tax Liability:

After following the above points you will able to get the income tax however here are the steps that will help you in calculating tax liability. For doing that, here is what you have to follow:

The first thing that you have to do total income round off and to closet 10 multiple
The second thing that you have to do is a classification of the amount into long-term capitals, short-term capitals, lotteries etc.
The computed tax will be added
Levy surcharges to the balance you got
Add cess of educational higher and secondary to the calculated income tax mount
Rebates checking
After closet, the multiple of 10, the amount that you will be got is the payable total tax.

How to Calculate Income Tax Include Income from all sources.

When it comes to filing the ITR or income tax return, you have to use the ITR 1 where you have to fill different asked information divided into three heads which include income from salary or pension, income from other sources and the last one is income from house property. Well the most of the people feel consumed when it comes to filling the income from all sources as there you can fill just anything or they can be replaced with any other head. This includes the interest income, gifts, and other income details from various sources such as inheritance, lottery, family pension etc.

For understanding what you have to do for calculating and what you must know about these heads, here is the complete information that will help.

1. Bank’s interest income

Most of the individuals have more than just one deposited in their bank which is divided into saving accounts, fixed deposits, and recurring deposits. However, the ITR work differently on these three forms. If the interest that you received it’s on the saving account then there is an option under the section 80 TTA where the maximum deduction will be Rs 10,000 or more than that in a year on the overall credited interest

However, not like the savings account, there is no such relief which is available for the interest or accrued fixed deposited which make both completely taxable. However, the rules are changed for the senior citizens.

2. Post office savings scheme‘s interest income

There are various investment options which include public provident fund (PPF), saving the account, time deposited and National saving certification. But the taxation of every option is different, not just that they all are taxable.

3. Other investments and their interest income

Excluding the bank and post office income interest income, there are different investments such as corporate bonds, corporate fixed deposits etc. however the taxation on all these investments completely depends on the nature of the investments.

4. Gifts

Well, the gifts which come under the taxable will mention in HUFs. No matter it’s a monetary or if the not monetary item, it will include all movable and non-moveable property. Also, the tax will eligible if the total amount of the gift is more than Rs 50,000. Also, the tax is not applicable if the gift is in form of money which includes occasions like:

It’s a fund, educational or medical institutions, etc
It’s a wedding gift
If it’s an inheritance or will
If it’s from the donor who is dying

5. Not declared interest under the heads

Other investments and the interest income which are not in your hand are also important to mention in the form of ITR, this will go under the head of exempted in paid taxes and the verification. However, do make sure that the amount will not exceed more than 10 lakh. If the amount exceeds then the tax will be at 10 percent.

What are the Changes in Income Tax Rules?

There are different changes that are going to happen soon in Income tax rules for making the system more reliable and beneficial for everyone. Well there are lots of differences that will make once these riles will come to the action but again there are needs that also should be fulfilled along with making the process simple for everyone. Here is the list of changes that will soon happen in the ITR rules:-

The standard introduction of Rs 40,000

Well, the change will surely be going to help the salaried employees. After the introduction of this change, people who belong to salaried class can enjoy the deduction of RS 40,000 from the overall value of their income tax. However, the benefit of the change completely depends on the bracket of tax in which the individual came.

Equity-based mutual funds tax dividend income

Well, a 10 percent rate of the tax will be divided and equally distributed by mutual funds which are equity oriented.

Single insurance related to health policies tax benefits

Typically you get a discount if you are paying the premium before a year in the health insurance. But the individual can get the deduction amount more than Rs 25000 in an earlier time. After the change, the single premium health cases policies which have cover for more than just one year will also allow to proportionate base for the deduction. It also means that the deduction will be based on the year of the health insurance covered till now.

Deduction on income interest for senior citizen

For a senior citizen, after the change happens they will get the high interest exempting in their income limit which is based on the deposits that have in bank accounts or post offices. Under the section 80TTA, there will be no deduction for the senior citizen.

Limitation in deduction on TDS for senior citizen

Well, the threshold in the deduction of the tax proposed to get hiked as right now the amount is Rs10, 000 but it will turn to Rs 50,000.

Specific diseases treatment tax deduction for senior citizen

For senior citizens, the deduction amounts on the health policies insurance premium are increased. The rules will change as those people who fall below 60 years will continue with Rs 25,000 according to the section 80 D. however if the parents of their whose age is more than 60 years, the individual can claim the deduction in an additional claim which will go Rs 50,000 and total deduction of Rs 75000.

Conclusion:

Income tax calculation is one of the hassle-filled works if you are not aware of the terms and other important factors. Also, understanding the proper method and which income fall in which criteria is crucial. Well here wither you can hire a professional which is easier and recommended but if not then you can do it own as well. However whatever you choose, be sure that you are aware of every change that happened in the income tax return.

How To Activate, Register South Indian Bank (SIB) Mobile Banking Online

October 3, 2018 by trickyfinance Leave a Comment

Mobile Banking is probably one of the easiest and safest way to access your Bank account in your smartphone without going to the branch physically. You can quickly login to your Mobile Banking account and manage your bank account the way you want from anywhere in the world at any time. Mobile Banking facility lets you perform a various number of activities related to banking such as Transfer of Funds to other bank accounts, Recharge or make bill payments, go through your account statements or simply check your bank account balance in a snap. In simple, Mobile banking can help you in escaping the long queues at the branch to stay updated with your bank account. Many banks in India are providing Mobile Banking service to its customers so that users will be able to manage their accounts conveniently.

You just need to have a bank account in order to use the Mobile Banking facility. Also, you will have to register for the service first in order to be able to make use of it. Well, the Registration differs from bank to bank, some banks ask you to submit a physical form in the branch to get the Mobile Banking service activated for your account, while some banks let you Register for Mobile Banking online all by yourself.

Today, in this article, We’re targetting the South Indian Bank (SIB) customers who are looking for an easy to understand step by step guide on How To Activate/Register Mobile Banking facility. You don’t have to visit the bank nor submit any application, South India Bank lets you Register For Mobile Banking service online without any hassle. In order to Register for this service, you just need to have an account in South India Bank (SIB).

How To Activate South Indian Bank (SIB) Mobile Banking

Before we start off the process, let me inform you that you must have your Mobile Number updated with your Bank account. In case, if the mobile number which you have given while opening the bank account is not working or lost, then visit the branch and get your latest mobile number updated with your bank account. You will also need to have your Debit Card ready in order to successfully complete the South Indian Bank Mobile Banking Registration process.

Step 1: Download The Official SIB App:

So, the first thing you should is to open up the Google Play Store on your device or App Store if you’re using an iOS-based device.
Search for South Indian Bank Mirror+ app using the search option in the store. (The app would show up in the first place most probably)
Just download the app and install it on your Android or iOS device in order to start the process.
You could also use this link if you want to directly land on the download of SIB Mirror+ app on your Android device or use this link to download it on your iOS device.

Step 2: Start The Registration On Your Smartphone:

First of all, Open the SIB Mirror+ app on your smartphone and in order to start the registration process.
On the first screen, the app will ask you to enter the last 5 digits of your Account Number in SIB.
You will also have to enter the mobile number which is registered with your Bank account in SIB.
After entering both the details correctly, click on “Register” option to proceed.

Step 3: Complete The OTP Verification:

Within a few minutes, your mobile number will receive an SMS containing a one time password.
You just have to enter the OTP code correctly on the next screen, and click on “Submit”
Make sure your Mobile Number is able to receive SMS texts, otherwise, you won’t be able to get past this screen without entering the OTP.

Step 4: Enter Your Debit Card Details:

On the next screen, you will be asked to confirm if you have your Debit Card or not.
Select “Yes”, and enter the 16 digit card number, Expiry date, ATM Card PIN number on the next screen.
You can also select the option “No” if you don’t have the Debit card, but that only gives you access to check your bank account balance.

Note: Your Debit Card linked to your Account in SIB must be activated before Registering for the Mobile Banking service. If you have recently received your Debit card, then visit a nearest ATM center and withdraw some amount to get your card activated. Enter your debit cards post activation only!

Step 5: Set Up Password And Mpin To Finish:

Now you just have to set up a login password and Mpin for your Mobile Banking account.
Login password will be asked whenever you try to login to your Mobile Banking account on your smartphone.
In the case of Mpin, it will be asked whenever you make any transaction using the Mobile Banking service on your smartphone.
You must enter both the password two times in order to confirm it. Click on “Submit” to finish the Registration process.

Now you will be able to login to your SIB mobile banking account by entering the Login Password or using the fingerprint sensor. In case, if you’re unable to finish the registration process, then it’s probably because your Debit Card isn’t activated. If the problem still persists, even after activating your Debit card, then we’d recommend you to visit the branch and let them know the issue.

Conclusion:

So, that’s the end of this article on How To Activate South Indian Bank (SIB) Mobile Banking. We hope, by now you have come to know all the steps included in the Registration process and able to complete them without any hassle. In case, if you have any queries or doubts regarding the Registration process, feel free to let us know in the comment section below.

Meta:

Kotak Mahindra Mobile Banking – Change Registered Mobile Number

September 25, 2018 by trickyfinance Leave a Comment

Kotak Mahindra Bank is one of the leading private sector banks in the country. Formerly, Kotak Bank has started its banking services in the country in the year 1965. In the year 2003, the Reserve Bank of India approved the bank and approved a license to it so as to commence banking business in India. The Kotak Mahindra Bank offers a wide range of services to all the customers across India. It renders various financial services to all the folks including personal loans, finance, life insurance and more.

Based on the requirement, the customers can change their mobile number from Kotak Mahindra Bank via online. If you are not aware of the process of updating mobile number online, we are here to aid you. In this guide, we have included a complete tutorial to change registered mobile number through Kotak Mahindra Bank online. The customers can easily check their account balance, fund transfer and more online through the net banking account. Check the detailed guide here!

How to Change Registered Mobile Number in Kotak Mahindra Bank Online?

In general, the customers provide their mobile number at the time of opening a new account at the Kotak Mahindra Bank. If you no longer use that mobile number which you have registered earlier, there is a feasibility to change it. You don’t have to visit the bank branch exclusively for changing the registered mobile number. Just visit the official website of Kotak Mahindra bank and make the necessary changes. For such folks, we have provided a step by step guide below:

First of all, visit the official website of Kotak Mahindra Bank from your web browser.
For net banking, just visit the below link:
https://www.kotak.com/j1001mp/netapp/MainPage.jsp
On the home page of the website, you need to enter the customer ID and password in the respective fields.

Hit the Secure Login button just below the fields.
On the next page, you need to enter the 6-digit Dynamic access code that you have received through mail and SMS to your registered mobile number.
Once again, tap the Secure login button.

After successfully logging into the account, you need to tap the section ‘Profile/Update Contact Details’.

By tapping it, you will land on the ‘My Profile’ page.
On that page, you can find your personal information and contact details.
Under the contact details section, you can find the Mobile number.
Next, to the mobile number, you can find the Edit button.

Tap the edit button and enter your new mobile number by replacing the old one and select your country.
Hit the Submit button.
From the next page, you must choose anyone from the list of options such as Validate via Debit Card Details, Credit Card Details,
Secret Questions, and One Time Password or Aadhaar Number.
You can select One Time Password option and proceed further.

You will get OTP to your new preferred mobile number.
Enter the same in the provided field and tap the Submit button.
A confirmation screen displays on the screen saying that ‘Your mobile number has been successfully updated’.

Likewise, you will receive a message to your registered new mobile number as well as your email ID regarding the change.
It might take at least 24 hours for validating your new mobile number and account registration.
You will receive a confirmation SMS regarding the change made for your mobile number online.
There is a feasibility of changing the mobile number only after 7 days from the previous update.
That’s all! This is the easiest process to change your registered mobile number on Kotak Mahindra Bank online.

Change Registered Mobile Number via Kotak Mobile Banking App

Kotak Mobile Banking app allows the users to carry out various transactions online. There are copious benefits through the Mobile banking application. If you are seeking to change your mobile number, it can be done easily with this app. Follow the below steps to change your mobile number through Kotak mobile banking app.

At first, download the Kotak Mobile Banking application from the Play Store.
If you are using an iOS device, you can easily download it from the iTunes app store marketplace.
After finishing the downloading process, you can install the app.

Launch the application and register your new account.
Once you acquire the login credentials, you can log in into your account.
On the home screen of the app, you need to open Service Request tab >> select Profile option.
Under the Profile section, you can hit the option ‘Mobile Number Update’.

On the next screen, you need to enter your new mobile number and hit the update button.

Once you have confirmed your new mobile number, you can tap the Confirm button.
From the next screen, you need to select any of the below methods for authentication.

The two options include Aadhaar OTP and OTP. Just choose OTP option and enter the OTP sent to your old mobile number.
Tap the Submit button.
You will then see a screen that says ‘Your Mobile Number has been successfully updated’.

You will receive a confirmation message to your registered new mobile number and your email ID.
That’s it! You have successfully changed your mobile number through your Kotak Mahindra mobile banking app.

How to Change Mobile Number in Kotak Mahindra Bank via Branch?

If you are not fully sure about the mobile number changing process via online, just proceed manually. All you need to do is to visit the nearby Kotak Mahindra Bank branch in your location. There is no necessity to visit the home branch for this process. Just request for a customer request form from the bank branch executive. Fill up the form with valid details. Ensure that you fill the new mobile number in the form and submit it to the respective executive. Once the mobile number is updated with your bank account, you will receive an SMS to your phone. Generally, the manual process might take at least 1 or 2 working days or more.

Final Words:

That’s it! This is everything you need to know about Kotak Mahindra Bank and the process to alter mobile number on KMB online. Hope this guide has helped you to change your personal and contact details through online at KMBL bank. For more doubts and queries, just ask us through the comments section. Stay tuned to this website for more related updates on banking and financial services.

How to Apply/Check for Citibank Credit Card Online

September 18, 2018 by trickyfinance Leave a Comment

Applying for a credit card in Citibank, there are simple procedures that you have to follow. The bank is covering categories like travelling and shopping which is highly important for today’s life. Well for applying there are two basic options that you get. But before you choose, make sure you know what exactly you are looking for as there are lots of types that the bank is offering to their customer

Apply via online method

Most of the bank now available the online option for applying for credit card. You just have to visit the site and fill the form where information related to name, employment, overall income, and some basic documents are needed. You have to submit once you are confident about the application and wait for the reply from the bank

Apply via the offline method

If you are not interested in online option, then you can also go with an offline way. For that, find the nearest bank that you got, you will get the application from there. Make sure you fill all information and attach the documents that are needed. After submitting, you have to wait until you get the response from the bank. However, it takes around 15 days for knowing the final results.

The bank will review your documents and application, not just that all information’s that you have mentioned will get verified for next step. After your documents get verified you will get an SMS from Citibank or mail about confirming or acknowledging.

About Citibank Credit Card:

The private sector Indian bank, Citibank has its headquarters in city Mumbai. Well, Citibank belongs to the Citi group and the bank is working as a subsidiary in India. Originally, Citibank was founded in the year 1802 and at that time it was started as Citibank of New York. Well, the bank is serving different banking need related to financing for personal use, assessment management, and banking investments. Also, the bank is providing different loans like personal loans, car loans, and home loans

For making the credit card process simple and easy, the bank introduced a process which can be easy to understand for everyone. Not just every customer can get the best stuff but also they can enjoy the ownership of having a credit card. The process will take a shorter time for completing the whole thing. Those who want to own a credit card; they can now do that without worrying about anything. Not just for applying but for checking status, you just have to follow the basic steps.

Types of Citibank Credit Card:

Citibank started in 1902 which also make them the oldest market player who has more than 45 branches in different 28 cities. The bank is also playing the investor in the market of Indian financial. Citibank in India covers a grand range in credit cards, covering all needs and requirements of the people. Not just that, the credit cards covers basic all categories related to shopping, travelling and fuel as well as lifestyle etc. The cards also designed in order to provide the best reward and benefits to its owner. That’s why it recommended that every person who wants to own the credit card, they should check all information and what exactly the credit card is offering. Once your requirement gets matched, it will be easier for you to choose from.

1. Citi Rewards card

2. Citi Prestige credit cards

3. IndianOil Citi Platinum card

4. First Citizen Citi Credit Cards

5. Citi Premier Miles Credit Card

6. Citibank Rewards Domestic Card

7. IndianOil Citi titanium card

How to Check Citibank Credit Card Application Status Online:

For checking the Citibank credit card status, there are several options that you are getting. However, you can choose the online option as well as offline, whatever fits you or makes you comfortable. Also processing the credit card application in Citibank is easier and hassle-free, however, it’s crucial to remember some basic information that you should have with you.

A) How can your phone number help you?

Well, before this it’s important to know that your number can only help if is registered to the bank. Not just that only verified numbers are eligible for checking credit card applications status. If your number is register and verified by the bank, here are the step that you need to understand

Citibank has its website which is official for work like this. Also, the site is completely safe; you have to visit the site
After you do that, there will be a section where you will find a section of credit card
Once you open the section, there will be empty columns where your registration number is going to be needed.
Your registration number will receive OTP for verification and for processing the further process
After confirming, your application status will be shown on the site

B) How your airway number can help?

Your application for a credit card will process once your complete all basic and needed formalities. After checking, the bank will confirm the application as well as the credit card. Also, the applicant will get a letter from the bank, the letter consists the information related to the Air Waybill number and other details. The shipment number can also help you in checking the status of your application.

For checking the application, visits the bank’s website.
Find the option Track your credit card and open it
The page will redirect you to another one. Make sure that you have your airway number with yourself
Enter the number to the given column
After the number get verified, you can easily find the location and track your credit card

C) How can your birth date help you?

Well, Citibank also allows their customer to use their date of birth for checking the credit card status. You can download the app where you have to fill the date of birth which you mentioned in the application. However, you can also use your phone number. If not app, then visit the website and find the track your credit card section. Just enter the verified date of birth and enter for the submission. You will get your status even if it’s dispatched, rejected and approved.

Citibank credit card login- Easy Steps:

For login, you are going to require your username and password. First, you have to visit the site where you have to register yourself. The whole process is completely free of cost. Once you get your username ID and password now you have to fill the login form. You can check whether you like, and for Citibank credit card login you can do it 24/7. Also, you will get your monthly bills, account statement and everything in your mail in every month.

Citibank credit card customer care number

If you have any questions or quarries that you want to know about credit card applications status then you can call on 18602102484 as the number is valid for 24/ 7 hours. Also, it’s the easiest option if you are no understanding the steps for the online process. Here your call will be connected to the customer care of Citibank, make sure you keep the information and application number handy so it will not consume any time.

How to make Citibank Credit Card Online Payment:

If your credit card is finally approved then you are also eligible for doing online credit card payments. There are the procedures that you have followed however the steps are easy and simple like other banks. Here are the options that you will get for doing your online payments:

Net Banking: For paying through net banking, you have to visit the official site of the bank. Get the option for the credit card. You will get an option ‘credit card payment option’. After getting it, you have to choose the saving bank account option for processing the payment.
ATM funds transfer: Well, there are lots of ATMs that you will find almost everywhere. You can use your credit card for paying the bills through ATMs. The services are always available no matter when you visit. Just follow the instruction that you get while doing the process. It is a hassle-free and easy way to do the payment as well.
Autopay: These days’ people are busy and they don’t have time. Well no more as you can schedule your payments where your amount will be deducted on the fixed time given by you.

Conclusion:

Citibank is ruling over the banking sector and providing an outstanding service to the people. Not just that, it covers most of the important categories so the people can enjoy their life without worrying. For that, you just have to apply for the credit card through online or offline option. Once your application n got accepted, you can track it or check using your birth date, airway number, and even your phone number. But make sure that you only use the register number.

Ethereum Mining – How to Mine Ethereum – Quick Guide

September 14, 2018 by trickyfinance Leave a Comment

Ethereum Mining is one of the interesting mining options which are similar to the Bitcoin mining. Ethereum is an open-source distributed computing platform along with an operating system based upon the Bitcoin. Well in easy words, Ethereum mining is a process which involves solving mathematics questions in order to get a reward.

Now, there are lots of things about Ethereum mining that you must know before you start to deal with it. The let alone concept of Bitcoin is sometimes tricky to grasp, and then putting Ethereum on top of it might confuse the aspiring people. So here is the complete guide so you can apprehend the concept for a better perspective to invest in it.

About Ethereum Mining Explanation:

For knowing better about Ethereum mining, it’s crucial to understand about Ethereum and what exactly it is. The network owns its blockchain. Also in Ethereum, the miners need to approve every transaction and that takes time to proceed. These transactions firstly have to verify and after that, they get added to the blockchain of Ethereum. The complete process of verification is also known as proof of work. Being a miner, it’s their job to approve the transaction by solving the questions of mathematics without cheating. So when one question gets solved, it’s a message for other miners that the number is found already. However, after rechecking and agreeing on the answer by other minors, the transaction get verified and finally added to the blockchain. But it’s important to have more than 51% of minors who agreed on the answer. After everything is done, the transaction added to the recorded and verified completely. Also, the minors get their reward for solving the mathematics solutions. Every single set of blockchain consists of transactions where minors need to solve it so they can get the reward in return. The blockchain keeps changing and get replaced by more new transactions with questions.

Three ways to Mine Ethereum:

Well, before starting the mining process and before you start getting the reward. Make sure you are aware of the ways that are used for the mining. So, for mining Ethereum there are basically three options that the minors get.

Pool Mining
Mining alone
Using Cloud Mining

These are the most used ways, however, each option has its own benefit points but there are some basic things that the minors need to understand. For knowing better, here are the description of each method and what you must use if you are going for mining first time.

1. Pool Mining:

Considered as one of the easier ways for Ethereum Mining, Pool Mining is the fastest option that you got here. Well, in this way lots of minors work together with the help of a single pool. However, it’s a rule that if one minor gets success in cracking the number, he or she will share the reward with the entire group. But the chances of getting numbers and rewards are complete up to the size of the group that you have for mining. Well, the pool mining is categories into three different yet basic factors that every minor need to consider these factors are:

The size of the pool for mining
What will be the pay-out for the mining?
Is there any fee for a pool?

These points are important, for example, deciding the size of mining is crucial as the size will decide how much reward you will get. Well, the more people will join the pool, the better the chance of getting a reward will rise. But it also increases the distribution rate of reward among the minors too. However, its recommend to join the pool, especially you are mining for the first time. Unlike the other two options, Pool mining will let you win something even its small reward. Also, you will be earning something every day too.

2. Mining Alone

However, it seems like a tempting offer to mine alone and enjoy the reward completely alone as well. But there are lots of hidden things that you must aware. When you mine alone, you basically are competing with other minors who are doing the same thing at same time. Also, for getting the reward you must solve the solutions before anyone. Not just that, the whole competing network is huge and there are some great companies who use their best resources for mining. Comparing to them, it’s hard to get a chance to win. Also, there are few more disadvantages like:

It causes heating
Ventilation issue
High cost in electricity bill
Too much noise
You need space

3. Cloud Mining

Basically, when you opt for clouds mining you are paying for mining that is done by a different person. It’s like renting the mining and in return, you get the reward that they will earn. However, there are lots of errors that you will find in cloud mining, here are some listed points that you need to know:

First thing first, Mining can be done by anyone. In that case, why someone will do mining for someone else. Also, those who are interested in mining, they can do it for themselves instead of doing it for someone else
Also investing in paying someone else for doing mining, when you can invest those things for buying better equipment and software
When it comes paying someone for mining, it’s better to buy Cryptocurrency instead of doing that.

However, there are some positive points that you must know about cloud mining:

By paying someone for mining on your behalf you are basically fixing an amount of work that needed to be done in a fixed time.
There will be no more expensive that you have to pay. Even some equipment gets damage that will be not your responsibility. You don’t have to pay for the fixing as well.
There is no need to keep noisy stuff or equipment in your house.

How to pool mine Ethereum: Tutorial

For mining Ethereum, you need your computer. However, apart from that, there are a few more things that you are going to need along with your computer. This equipment makes you efficient and also raises the chance of getting more reward. Here is the list of things that you are going to need for mining Ethereum:-

1. Create a digital wallet

Well, before you start your work it’s important to create a digital wallet for the reward. It’s the same as the wallet you use in the physical world. However, in the digital world, the wallet will keep your hard earn ether.

2. Installing your graphics card drivers:

After creating a wallet, it’s important to install graphics drivers which make the process of mining profitable for you. Also, make sure your drivers are updated and ready for the further work.

3. Installing Ethereum mining software

For installing the mining software for Ethereum mining, you have to download the new versions of claymore duel miner. Makes sure you are aware of the latest software that you can find online. After download, installing and making sure that the software is ready to work. Click the okay button for completing the process.

4. How to check how much you’ve mined?

Well, no matter which pool you are using they all basically have same principal but the interface may differ. For checking how much you mine till date, there is a basic process that you have to follow. First, you have to visit the site and search your wallet address. After getting the results, you will see the page where all information related to your mining will be available. Once you crossed the basic amount, you will get the reward directly to your wallet.

5. How to calculate profits

If you want to know about how much profit you earned till now, make sure you follow this process:

The first step, open the miner and see the submission rate of your hardware.
Once you get your numbers, you have to open mining calculator.
Paste the number (Mh/s) or write it down, including the power consumption rate and electricity cost. Well, in the end, you will get an average rate and the total amount of ETH that you have earned.

6. Tips and tricks:

Ethereum Mining can be more profitable if you are aware of some basic tips and tricks, these tricks can help you to get the award much faster as compare to others. However, there is no guarantee but it’s good to try then to ignore.

Lots of minors leave their computer running as it keeps the mining process fast
Well, if you are going for that then makes sure to change the setting of your computer. So when you leave your computer running it doesn’t only go to sleep mode but it will also stop the whole mining process.

Conclution:

Mining Ethereum is considering as an asset which also brings reward at the end. Well, there is no doubt that blockchain technology, as well as Ethereum network, proved themselves profitable and worth for trading. There are decentralized applications which are showing amazing results and success, not just that the market is also responding well. It’s not hard to believe that there is a bright and great result that the mining will bring in the future.

4 Ways To Change/Generate ICICI Debit Card PIN

September 11, 2018 by trickyfinance Leave a Comment

ICICI Bank is the 2nd leading bank in India on the basis of the assets of this bank. This bank has a great history in the country since its establishment in different parts of India. In the country, there are more than 4000 branches of ICICI Bank as well as 12000+ ATM centers. The ICICI bank offers all its services to its customers in and across 20 countries including India. The ICICI bank works in the best way and often focuses on offering the best customer service. The ICICI bank offers the best premier services to all the customers through the provision of credit cards in the country.

The ICICI bank offers an extensive range of credit cards for all the users based on their usage. Some of the credit cards will offer rewards and offers for all the customers. In order to allure the users or customers, the ICICI Bank has rolled out the platinum Credit card and coral credit card for all the users. In some cases, the customers need the assistance and support from the ICICI customer service center. The customers who are seeking to change or generate their ICICI Bank debit card PIN can check out the complete guide provided below in this post. You can also check out the detailed process to generate ICICI debit card PIN number via different methods. Have a look!

ICICI Debit Card PIN Generation

ICICI is the acronym for Industrial Credit and Investment Corporation of India. The headquarters of ICICI bank located in the city of Mumbai, India. This bank serves all its customers residing in and across different countries of the world. The ICICI bank will help the customers by providing credit cards and debit cards so as to make easier transactions. The bank also provides some other banking services to all the customers that include corporate banking, investment banking, personal loans, payment solutions and a lot more. The official web portal of ICICI bank is http://www.icicibank.com.

The ICICI bank has launched several mobile applications for all the users in order to make the cash transactions pretty much simple. During the launch of demonetization scheme, the bank has witnessed people using the net banking and another online mode of transactions for their day to day money usage. The ICICI bank has provided the ICICI bank customer care number so as to assist the customers in contacting the customer care center for any kind of queries regarding their transactions. If the customers have any kind of doubts like forgot password, ICICI banking number and other security keys, they can get instant assistance from the officials of ICICI bank. If you are looking forward to generating your Debit Card PIN number then, this post assists you in the best way.

Change/Generate ICICI Debit Card PIN

There are 4 different ways that help the customers to change or generate the Debit Card PIN Number for your ICICI Bank account. We have explained all these methods with detailed step by step guide. Check it out!

Method 1: Using the iMobile App

The iMobile app has been designed and developed specifically for the ICICI bank customers. This app is an all-in-one mobile banking solution for all the folks. One can easily handle their account without any hassle through this app. This app also helps the users to change or generate their Debit Card PIN. Follow the easy steps provided below to change or generate your ICICI Debit card PIN using the mobile application:

First of all, download the iMobile app on your mobile phone.

On the main screen of this app, you need to hit the option ‘Services at the bottom of the screen.

On the next screen, you need to hit the option that reads ‘Cards Services’.

Under this section, you can click the option that says ‘Generate Debit Card PIN’.

You can choose your account number, debit card number and enter the CVV number in the respective fields.
Enter the 4-digit PIN number based on your choice and enter it once again for confirmation.
Lastly, hit the Submit button.

Method 2: Change Debit Card PIN via Internet Banking

Check out the simple procedure provided below to change or generate your Debit Card PIN number using your internet banking account:

First of all, log into your ICICI net banking account using your login credentials.
On the homepage of the website, you can tap the option that says ‘MY CARD PIN’.

You can then tap ‘Generate Now’ option from the next screen.
Select your account from the drop-down menu and debit card number.

Enter the CVV number and hit the submit button.
You will receive OTP to your registered mobile number.

Enter the same in the respective field and enter the card grid number displayed on the backside of your debit card.
You can then set your new Debit Card PIN by entering it in two fields.

Finally, tap the ‘Generate Now’ button.
That’s it! This way you can easily change or generate your ICICI Debit card PIN.

Method 3: Generate Debit Card PIN through ATM

There is a feasibility to change or generate your ICICI debit card PIn through the nearest ATM center. Follow the below steps:

First of all, visit any ATM center near your location.
Swipe the Debit Card in the ATM machine and enter your PIN to log in.
Once you logged into it, you can find the option that says ‘Change PIN’. Just click it.
You can then set your debit card pin number easily.

Method 4: Generate Debit Card PIN via ICICI Customer Care Center

The ICICI bank customers can easily change their ICICI bank debit card PIN number by making a call to the customer care service. After that, you can follow the basic instructions given by the executive over the phone call.

Customer Care Number: 1800 200 3344

Final Words:

That’s all! These are the 4 different methods that enable the users to generate or change the Debit Card PIN number for your ICICI bank account. Hope these ways helped you to set your debit card PIN without any difficulty. For more queries, please ask us through the comments section.