Friday, September 18, 2020

How can Computer Networking benefit your Business?

Now, practically no computer is used as a standalone machine – each computer is connected with some sort of a networking – intranet, internet, LAN, CAN, MAN, WAN, Wi-Fi, VPN, etc. In fact, computer without a networking has verylimited use.  The modern world generates stupendous quantity of information, generally called data in IT parlance. The businesses exploit the data, internal as well as external, for communication, marketing, administration, delivering services, taking commercial decisions, etc.

THE BENEFITS OF COMPUTER NETWORKING TO BUSINESSES:

Lower Cost of setting up a computer network:

Cost of networking is comparatively very small compared to other costs involved in a business. While considering the cost, the most beautiful aspect is its equal affordability from a family owned small unit to a Fortune 500 corporation.

Sharing the resources to reduce the cost:

Xerox Machines, Printers, Scanners, CD and DVD burners, Projectors, Cameras, Internet  Connection, Site (software ) licenses, Servers, Programmes, Data Storage Space, Files, etc can be shared by the employees leading to savings in terms of capital cost, recurring cost and space. Sharing of Internet connection, protected by a common firewall, with password-based log-in by the employees prevents the abuse of internet by the staff. 

Fast Communication:

All the stake holders can communicate very quickly or even on real time basis across the gadgets – computer, mobile, iPad, tablets, etc by voice or email. Fast communication is crucial between the employees and also with the customers, particularly when the businesses in Service Industry are dealing with customers.

Feasibility of wide variety of communications:

In olden days communication was confined to written communication or over telephone. Thanks to networking, now the mode and medium of communications are many e.g. emails, in-house magazines, voice call (VOIP), instant messaging, webinars, video conferencing, chatting, etc. Moreover, many of these communications could be garnished with colourful graphics, emojis, sound tunes, etc to strengthen the message.

Cheaper marketing tool:

Cost of communication is negligible when compared with traditional channels and modes. This aspect is fully exploited for marketing by businesses through Push Notifications and emails.

Remunerative business of e-Commerce/Online shopping:

Computer Networking is playing pivotal role from converting an inquiry till the goods are delivered at customer’s doorstep. For the customer it is a matter of few clicks, but for the online stores there is a cobweb of computer network for procurement, warehousing, shipping, receipt of payment, refund, Customer Care, etc. The success of many new start-ups can be attributed to their strong end-to-end computer networking.

Cyber Watchdog:

Managers and owners are always, and for right reasons, skeptical about what would be going on in their absence from the workplace. The computer networking with security camera helps the businesses to keep an eye on the floor even though they might be away from the workplace. This helps in increasing the productivity, preventing the pilferage, shoplifting, controlling undesirable behavior, etc. The awareness of the staff members that they are under the prying eyes of a CCTV makes lots of difference even though the output of the CCTV at the other end might not be monitored continuously.

Queue Management:

Networking is very useful for businesses which have to handle queues of customers and the issues related to heavy rush of customers. The real time data on queue helps the Manager to provide support to needy staff or open more counters. Such proactive steps delight the customers and the staff members.

Tracking the vehicles and goods:

With the help of GPS and mobile telephony, movement of vehicle can be tracked and monitored on computer network. When the goods are shipped through other agency, the movement of parcels can be tracked till it is delivered to the addressee.

Improving the visibility of your Brand:

Social Media is a popular platform to reach out to thousands of your target audience. Networking of I T infrastructure across the enterprise facilitate to exploit the Social Media. Regular posting of blogs, pod casts, tips, How to’s, listicles, etc helps to improve the brand visibility of your business irrespective of the size of the business.

Avoiding the duplication of work:

As data base is shared on network, the need to keyed in the same data by another staff is avoided. This helps not only saving time and cost but also helps in uniformity of data and reducing the errors in data. This also helps in following Standard Operating Procedure for a given task even though the task is distributed amongst different places and amongst employees with different level of capabilities.

Providing Remote Support/Access:

Remote Support by the specialist can be provided to solve the technical problem with the system or install new software in computers connected with the network. This also helps when the desk of the employee is shifted without shifting his computer or in “Work from Home” scenario.

Centralized Data Backup:

For data protection and retrieval in case of exigency, Centralized Data Backup can be taken as per the scheduled time cycle or as and when required. Access to the data can be also monitored with graduated permission to access the data.

Better Customer Service:

If the data are available on enterprise network, no staff member will be required to collect from the customers the information about the dealing / transaction the customer has had. Networking will also facilitate the co-ordination between various departments or branch offices to resolve the customer complaints.

Better adaptation to new challenges:

Business environment is becoming very dynamic. To adapt the business processes as per the market conditions is a key to survival. Computer networking facilitates the upgradation or change altogether the business processes in consonance with the technology and products.

Conducive Work Environment:

Networking of computers in the business increases the productivity of the employees and lowers the cost of operations. It inculcates the habit of collaboration and team spirit. Employees feel that they are doing the work smartly and enjoy doing it. The amount of job satisfaction derived at the end of day is very high leading to better perception about the company. 

When computer was invented, it was invented as a standalone calculating machine. At that time, even the most futuristic fictional article on computer had never envisioned its capabilities what we are exploiting today. Largest chunk of the credit of these capabilities can be attributed to networking. 

As such, real time transmission of data across the enterprise is very important for the success of the business. The backbone of  real time transmission of data is networking which could be as small and simple as linking two gadgets in a room or as  large and complex as linking the people across the globe involving various technology, medium, devices, platforms, deliverables, speed, security, protocols, etc. The above blog seeks to discuss the benefits of networking to businesses.

The readers can email their comments, if any, to the blogger at gnpatel@gujaratinfotech.com).

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Monday, September 7, 2020

How to Open NPS Account Online?

 

 

 

 

 

 

Follow below Steps for eNPS – National Pension Scheme Online Account Opening :

1.     Click on registration link www.gujaratinfotech.com/nps

2.     Click on New Subscriber Registration

3.     This redirects to mynps.nsdl.com website

4.    Click on Steps for Registration (Read the step for smooth process for Registration)

5.     Close the Pop up.

6.     Scroll down to the bottom of the page and click on Registration tab

7.     Now Click on New Registration

8.     Fill details and click Continue to complete the process.

In case of Aadhaar Paperless Offline e-KYC based registration, the basic details like Name, DOB, Address and Photo would be auto-populated from the UIDAI database. There will be no separate KYC verification process.

On successful registration PRAN will be generated. The PRAN Card will be couriered to you along with other product details.

After Permanent Retirement Account Number (PRAN) is allotted, subscriber can use the following option for signature verification:

Option A: eSign

1.   Selection eSign in eSign/Print & Courier Page

2.  OTP for the purpose of authentication will be sent to your mobile number registered with the Aadhaar.

3.  After Authentication of Aadhaar, Registration form will be successfully eSigned.

4.  Once a document is eSigned, you need not send the physical copy of the form to POP.

5.  eSign service charges plus taxes applicable is Rs. 5.90.


Option B - Print and Courier

1.  Select 'Print & Courier' option in the eSign / Print & Courier page.

2.  You need to take a printout of the form, paste your photograph (please do not sign across the photograph) & affix signature.

3.  You should sign on the block provided for signature.

4.  The photograph should not be stapled or clipped to the form.

5.  The form should be sent within 30 days from the date of allotment of PRAN to POP address or else the PRAN will be 'frozen' temporarily.

 

Opening of the NPS Account:

Earlier, the prospective applicant had to approach a POP with KYC documents of

Photo ID Proof and Address Proof Address Aadhar Card. Requirement of documents is given at the back of application form. The amt of initial contribution is to be tendered to the POP by an A/c Payee cheque drawn in favour of designated bank a/c from which POP cannot withdraw any amt but can only remit the fund to NPS Trust.

Now the facility of opening of NPS a/c online (eNPS) is also available. This functionality provides the facility of opening the NPS a/c without a need to visit a POP. This facility is easy, quick and reduces the POP charges. This is a very convenient mode of joining the NPS online if the prospective contributor has:

  • Aadhar Card
  • Mobile number linked with Aadhar Card
  • PAN Card
  • Bank Account with net banking facility providing Payment Gateway Service
  • Email ID

Gujarat Infotech Ltd, a PFRDA authorized POP since 2012, offers this facility under the name myNPS in collaboration of NSDL, a Central Recordkeeping Agency accredited by PFRDA.

The modality of this facility by using Aadhaar Paperless Offline eKYC is as under:

The applicant to keep ready the :

[a] Scanned copy of photograph (Option for Aadhaar based registration) and signature in *.jpeg/*.jpg/*.png format having file size between 4KB - 5MB each

[b] Scanned copy of PAN card and Cancelled Cheque in *.jpeg/*.jpg/*.png format having file size between 4KB - 2MB each

[c] Online payment of initial contribution (Minimum amount ₹ 500) through Internet Banking

[d] Subscriber can eSign the registration form. If it is not feasible, please print the form, paste your photograph (please do not sign across the photograph) & affix signature and send to NSDL.

[f] Government employees to approach their Nodal Office for opening NPS account

[g] Visit UIDAI website, generate and download the Aadhaar Paperless Offline e-KYC ZIP file. Remember the Share Code as the same is to be used while online registration.

 

Address for sending the authentication form: 

Central Recordkeeping Agency (eNPS)

NSDL e-Governance Infrastructure Limited,

1st Floor, Times Tower, Kamala Mills Compound, Senapati Bapat Marg,

Lower Parel, Mumbai – 400 013

 

The main features of All Citizen model can be summarized as under:

·   Inclusive eligibility for joining the system (Any citizen or NRI aged 18 to 60 years is eligible to join (up to 65 years with certain restrictions), irrespective of type of occupation or job/ sector of occupation or job.

·  Flexibility in amt of initial contribution to open the account, providing affordability to all category of income group of citizens (minimum amt to open Tier I a/c is Rs. 500/- and Tier II is Rs. 1000/-). No stipulation to maintain minimum balance in Tier II a/c.

·   Flexibility in minimum amt to be contributed every year (Mini Rs. 1000/- in Tier I account and Rs. 250/- in Tier II account)

·   Flexibility in numbers of contributions to be made in a year (Minimum 1, maximum – no limit)

· Exclusive Income Tax rebate under section 80CCD1(B) up to Rs.50000/- over and above Rs. 1,50,000/- available under section 80C.

· Employer co-contribution up to 10% of Basic and DA without any upper cap on amount is treated as tax free income of employees under Section 80CCD(2)

·  Low cost, No hidden charges.

· Balance between safety of fund, market based optimal return and risk mitigation

· Regulated by the Govt of India statutory body (PFRDA)

· Transparency in dealing with the contributors

·  Nomination facility

· Choice of Investment Mode based on the life cycle and risk appetite of the contributor with Auto Mode option.

·  Choice of Investment Mix

·  Choice of Pension Fund Manager, with an option, once in a year, to change

·  Professional Fund Managers

· Portability across geography, POPs (Point of Presence i.e. service Providers) and employers

· Online service portal for various services, including facility to view the status of the contribution made

·  Online payment of contribution

·   Partial withdrawal for permitted purposes

·   Premature closure with certain restrictions

·  Refund of the corpus to the nominee in case of death of the contributor

·  Add on facility of Tier II account to manage the surplus liquidity

·  Robust I T architecture to manage the fund from end to end with display of NAV on daily basis

·  Customer Centric Strict Service Level Agreement with POPs, providing for strict penalty in case of poor services to contributors of non-compliance of procedure.

·   Strong system for redressal of customer grievances at POP/PFRDA/NPS Trust level and if required, grievances could be escalated to NPS Ombudsman.

· Issuance of a card with 12-digit unique number (called Permanent Retirement Account Number or PRAN).

·    Issuance of Statement of Account, every year.

·   Contribution can be made if PRAN number is generated (in other words, no need to wait for receipt of the PRAN card).

The National Pension System, a voluntary defined contribution pension system, was launched in 2004 by Govt of India for providing a pension for Government employees for income security during old age. The system was extended to All Citizens in 2009 with a certain modification. Over the years, the All Citizens model has got momentum. The growth of the model is impressive as could be observed from the following table:

Year-on-Year (YOY) growth under NPS

(All Citizen Model)




 

As on

Nos of Subscribers

Corpus Amt (Rs in Crores)

 

31-Mar-19

929931

9686

 

31-Mar-20

1251574

15012

 

Growth

 

 

 

Absolute

321643

5326

 

In %

34.59

36.40

 

 

 eNPS - Online Account Opening for joining National Pension Scheme

A better way to become Income Secured in old age

 

For more information and help in online registration,  contact Gujarat Infotech Ltd by email at nps@gujaratinfotech.com or on Mobile No. 8448444245 or use online chat on www.gujaratinfotech.com.

(The reader’s comments are welcome at gnpatel@gujaratinfotech.com)

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