![]() ![]() Industry experts say NPS can work as an additional instrument along with other investment options to build one’s retirement corpus. How to make NPS work as an investment vehicle? In case the bank account details are or other details are not correct, an alternate account number or additional supporting documents needs to be submitted for updating the records. The response of ‘Success’ or ‘Failure’ after the penny drop feature would be given by the service provider based on validation of the savings account number, as per CRA records. KCRA is the first CRA to implement the penny drop process in Partial Withdrawal and Bank details updating process.” He further adds, “Penny drop is a chargeable transaction and charges are recovered from the subscriber’s NPS Account. Subscriber has to provide the correct bank details to submit his/her withdrawal request.” Sreekanth Nadella, CEO, KFin Technologies says, “If the penny drop transaction fails for a subscriber, or there is a mismatch in name, he/she will not be allowed to capture the withdrawal request. If there is a success, the user will be allowed to complete his/her withdrawal request. ![]() Once the user captures the withdrawal request, KCRA will check the details instantly. KFintech CRA (KCRA) will check if the bank details provided by the NPS subscriber is active and valid and the name in a bank account is the same as in PRAN. In the ‘penny drop’ process, the bank account will be verified by making the ‘test transaction’ by dropping Re 1 in the subscriber’s registered bank account. There were issues like invalid bank account or failure in crediting the withdrawal amount because of incorrect bank details.” Harshad Chetanwala, Co-Founder, says, “Using the penny drop feature, delay in receiving NPS withdrawal at investors end will be avoided. Penny drop is used for verification of bank account, which will help investors as NPS authorities will first verify the bank account and then initiate the withdrawal request. In many cases the corroded metal bursts through and may fall out, leaving a crater.Should Senior Citizens close old SCSS account and invest in a new one for higher interest? The resulting solid dome will superficially resemble a hollow plating blister or occluded gas bubble. Corrosion domesĬontaminants trapped beneath or penetrating the surface of aluminum, plated zinc, and plated steel coins can react with surrounding metal to form an expanding front of spongy, corroded metal. Like plating blisters, the surface is smooth and the edges soft. Solely the province of solid-alloy coins, occluded gas bubbles form just beneath the surface and push up the overlying metal immediately after the strike. The design continues uninterrupted as it crosses a blister. They can occur anywhere on the field and design. ![]() Blisters are generally small and subcircular, with a smooth surface and soft outline. Among domestic coins, plating blisters are the exclusive province of copper-plated zinc cents. Plating blisters develop in the coin in the immediate aftermath of the strike, as gas expands between the core and poorly bonded plating. They can occur anywhere in the field and design. The edges of a die dent may show cracking or the development of a pressure ridge. Edges tend to be clearly defined and the surface usually displays a rough or peculiar texture. Die dents vary enormously in size, shape, depth, and texture. Die dentsĪ die face can be dented by foreign objects at any point before or after installation. Die subsidence errors are often associated with wide die cracks and split dies. It rather depends on the recess’ size, depth, and degree of deformation. The design may be indistinct where it crosses the zone of subsidence. In the absence of such cracks, the edge will be softly defined. The zone of subsidence will sometimes show cracking along its margin. This form of die deformation is presumably the result of abnormally soft die steel. The surface of a die will sometimes sink in, leaving a recess into which coin metal rises. Blebs are usually surrounded by obvious signs of die wear, such as radial flow lines or an orange peel texture. ![]() These pits are expressed on the coin as low, flat elevations with relatively soft, irregular margins. The surface of a worn die will sometimes become pitted, possibly as a result of decarburization of the die steel. The edges of these die breaks tend to be sharply defined and at least somewhat irregular. Both are usually located in areas vulnerable to brittle failure, such as the edges of the design and narrow interstices within and between design elements. Smaller die breaks are called die chips, while those larger than 4 square millimeters are called interior die breaks. Small pieces of the die face can break off, leaving a void into which coin metal rises. ![]()
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