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Author Archives: Surendra Naik

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Generation of Export Declaration Form (EDF) explained

Foreign ExchangeBy Surendra NaikJune 28, 20145 Comments

Exporters will have to declare all the export transactions in export declaration form and submit the same to Authorised Dealer (AD) bank along with shipping documents within twenty one days from the date of shipment. Export declaration forms were used according to form of export and type of exports. RBI vide its circular A.P. (DIR Series) Circular…

How does an ATM works with electromagnetic cards and the PIN?

Information Technology, PPBBy Surendra NaikOctober 17, 0020

When you enter an ATM kiosk you find an ATM (Automated Teller Machine) consisting of the following; a). Video display monitor, b)Keyboard/keypad, c)touch screen. c) Inside the ATM, a host computer is attached which is connected to the ATM network. d) Besides, the computer there are slots inside the ATM for various purposes viz. card…

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