Important News! NEFT to be used for payment of commission from 15th March 2010

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Good Morning eBIZers,

Starting from 15th March 2010, eBIZ.com Pvt Ltd is going to adopt the modern NEFT system for payment of all the commissions which will make the payment procedure very fast, efficient and error free. Associates will no longer receive checks. Here’s the details that appeared on the official site of eBIZ.com Pvt Ltd:

All associates are requested to furnish their NEFT (National Electronic Fund Transfer) Details immediately for receiving commission. Commission is going to be paid to all the qualifying associates only through NEFT with effect from 15th March 2010 onwards. Visit Genealogy Lookup section available in Associate’s logged in area for details.

Ask all associates to submit the eBIZ NEFT Form as soon as possible.

Here’s the details you will need for that -

1. Name
2. PAN Card Number
3. Distributer ID
4. Type of Account
5. Bank Account Number
6. Name of the Bank
7. Address of CBS Branch/Bank
8. Branch Code
9. IFSC Code

Here’s a little detail about NEFT:

Q: What is NEFT?

Ans: National Electronic Funds Transfer (NEFT) is a nation-wide system that facilitates individuals to electronically transfer funds from any bank branch to any other bank branch in the country.

Q: What is IFSC?

Ans: IFSC or Indian Financial System Code is an alpha-numeric code that uniquely identifies a bank-branch participating in the NEFT system. This is a 11 digit code with the first 4 characters representing the bank, and the last 6 characters representing the branch. The 5th character is a 0 (zero). IFSC is used by the NEFT system to route the messages to the destination banks / branches.

Q: How to submit eBIZ NEFT Form?

Ans: Here’s the basic steps:

1. Login to your Associates Page
2. Click on Genealogy Lookup
3. Click on NEFT Transfer Request
4. Click on Continue
5. Enter the details in the form
6. Click on Submit

Q: Where do I get more details about NEFT?

Ans: For more detail about NEFT (National Electronic Fund Transfer) do any of the following:

• Please visit Reserve Bank Of India
• Contact your Silver Upline
• Leave a query at http://support.ebizelindia.com/
• Leave a comment about any questions that you may have in the comment form below (We will be glad to answer your queries here)

Note:
You have to send duly filled eBIZ NEFT Form along with the following en-closer:

• Photocopy of your PAN card.
• Canceled cheque.
• Latest account statement containing account holder Name.

Ask all associates to visit ebizelindia.org and ebizelindia.com for details.

Good Morning and Jai eBIZ.

[Update: NEFT/Online Transfer have been made compulsory]