An ECN in a CIBIL report is a key component that helps lenders track your credit history before extending an offer. Since your credit card and loan offers depend on many eligibility parameters, the first thing banks and NBFCs check is your credit report. This gives them accurate information about your behaviour towards credit repayment.
Since this report contains your complete information, you must allow the financial institution to review your report. This is where the control number in CIBIL report is useful. By sharing this number, you can give the issuer or lender access to check your report generated on the CIBIL website.
Read on to know what is control number in CIBIL report, its uses and how to find it.
Introduction to ECN
Also known as the Enquiry Control Number in CIBIL report, it is a nine-digit alphanumeric code unique to your credit profile. Every generated credit report has a different number, which helps you find your report from millions of others on the CIBIL website.
Every time you generate a report, CIBIL gives you a new ECN number. This ensures you know which credit report you are sharing with your lender. This gives you a fair idea of your credit eligibility, as you have reviewed your report beforehand.
Purpose of ECN
Here are three reasons why this number is important.
Tracking Specific Credit Report
Its main role in the financial domain is locating a borrower’s credit report on the CIBIL website. It acts as an identification number for your credit report generated for a specific time period.
Reviewing Your Credit Profile
Sharing this number with the credit card company or lender allows them to check your loan and credit card score along with your repayment history. This way, you can maintain transparency with the financial institution, especially for loan offers. A good credit score allows you to negotiate for lower interest rates or higher loan amounts.
Managing Vast Data
Since CIBIL is India’s most popular credit bureau, it is trusted by the majority of financial institutions. Since it keeps track of all your credit reports generated in the past, this control number is useful for managing and tracking reports.
How to get the ECN
If you are unsure about how to get this number, here are different methods you can choose from.
Check Your Credit Report
If you have recently generated a fresh report from the CIBIL website, then you can easily check this number. You can find it on the top of your credit report as ‘Control Number’.
Generate a CIBIL Report
To generate this number, you can visit the official TransUnion CIBIL website and get your report. If you are doing this for the first time, you can get it for free. Otherwise, you will have to pay ₹118 for a one-time view and ₹550 for a monthly view. You can also choose from other packages to get your report.
You can also get your free report and score on Fibe by sharing your basic details online.
You can contact customer care to know your ECN number by calling +91 226140 4300.
Requesting the Lender
You can also ask your lenders or credit card issuer to share this number once they have access to your report.
In conclusion, you can get this number by running a free credit score check online on Fibe or the TransUnion CIBIL website. Since all credit card issuers and lenders check your credit score before approving alone, you can use the CIBIL ECN number to keep track of all your applications via your report.
You may not be eligible for the financial product if you don’t meet their credit criteria or have many discrepancies in your repayment history. This is why we at Fibe have an alternative credit scoring mechanism, which allows us to assess your eligibility without relying on your loan and credit card score.
With a Fibe Instant Cash Loan, get up to ₹5 lakhs with nominal paperwork at an affordable interest rate. Get the best offer for yourself by downloading our Personal Loan App or applying on our website online.
FAQs on ECN in CIBIL Report
What is the control ID of the CIBIL score?
It is a synonym for Enquiry Control Number or ECN in CIBIL report.
How can I check my control number?
You can find this number on the credit report that contains your loan and credit card score and history.
How do I know my control number?
You can generate your credit report on the TransUnion CIBIL website or on Fibe to get this number. Once generated, you can find it in the top right corner of your report.
What is my control number?
It is a 9-digit number on the CIBIL report that verifies a specific report generated for a specific period.
To file ITR without Form 16, you need to replace the missing document with alternative paperwork. Filing ITR before the due date is mandatory for all citizens of India earning over the taxable threshold limit. This is also important for avoiding penalties past the due date.
Incomplete documentation is one of the common reasons for missing the deadlines. If you do not have Form 16, you should know the documents you can attach instead. Read on to know complete information on filing ITR without Form 16.
Understanding Form 16
This is an important document for salaried employees for annual income tax return filing. It includes all the deductions of the employee as well as total taxable income, appearing as a vital document for calculating returns.
All employees must issue Form 16 to their staff for tax filing if they have deducted tax at source. In case they have paid TDS to the government but have not issued the form, a penalty of ₹100 applies every day to the employer or company.
It is only when an employer has not deducted TDS, that they do not provide Form 16 to their employee. In such a situation, you can apply with other valid documents.
Alternative Documents for Filing ITR
The following are acceptable if you want to file ITR without Form 16.
Salary slips for the assessment year
Bank statements for the same
Proof of house rent allowance
Proof of leave travel allowance
TDS certificate from the bank
Home and education loan payment certificates
Proof of investment for deduction
Form 26AS
Step-by-step Guide to Filing ITR Without Form 16
Here are the steps on how to file an IT return without Form 16:
Step 1: Collect all the Documents
Start by collecting all the documents relevant to ITR filing for the particular financial year. You can ask your employer for a pay slip to compute your total salary. Even if you have switched jobs, collect all the relevant documents of your salary from your current and past employer.
Step 2: Calculate Annual Income
Using all the pay slips, calculate the total income earned during the financial year. Make sure to include income from other sources, such as rent, interest from investments, dividends, etc.
Step 3: Find the TDS Figures
In the next step, you should determine if there has been any tax deduction on your income. If your bank or issuer has made any deduction, you can find the details on the certificate.
Step 4: Check for Deductions or Exemptions
If you are paying premiums for health insurance, have an ongoing home loan, or are investing in a long-term deposit, then you can claim deductions. Checking the applicable deductions and exemptions allows you to save tax.
Step 5: Claim Your Deductions
Depending on the applicable section, you can claim tax deductions up to a specified limit on your total income.
Step 6: Know Your Payable Taxes
After calculating your total taxable income and removing the deductions, the next step is to compute the total payable tax.
Step 7: File ITR
Once you have an estimated taxable income and valid documents as proof, you can simply file your ITR on the income tax website.
With regular ITR filing, you not only comply with the law but can also enjoy many benefits as it serves as valid proof of income. It also includes your address and other relevant details which helps to get a faster approval on credit applications.
If you are looking for instant financing for umpteen requirements, the Fibe Instant Cash Loan is a smart option. You can get up to ₹5 lakhs without end-use restrictions and affordable interest rates.
What’s more, you can apply online with minimum documentation on meeting simple eligibility criteria. With the option of foreclosure at no added cost and a comfortable tenure of up to 36 months, you can enjoy stress-free repayment. Register on our website or download our Personal Loan App to get a quick personal loan online.
FAQs on ITR Without Form 16
Without Form 16, can I file ITR?
Yes, by providing another document as proof for calculating the payable income tax you can file your returns.
What happens if Form 16 is not given by the employer?
In such cases, the most common question that comes to mind is, ‘Can I file ITR without Form 16?’ The answer is yes. You can opt for alternative documents to provide income and deduction proof and file your ITR.
Is form 16A mandatory for ITR?
No, if you don’t have this form available, you can still file your IT returns.
How do I get my Form 16 online?
You can request your employer or download the form through the Income Tax Department or TRACES portal.
This guide explains what a marksheet loan is, who qualifies, which documents you need and what interest rates lenders charge in 2026. It also walks through how to apply for a marksheet loan online and what the moratorium period means for repayment. Reading time: about 6 minutes.
A marksheet loan is an education loan sanctioned largely on the strength of your academic record. Your marksheets and admission letter do the heavy lifting instead of a salary slip, which is why students with no income of their own can still qualify. It is also called a certificate loan or degree certificate loan, and some lenders list it simply as a student loan.
Most Indian banks and NBFCs offer it, from public sector banks such as SBI, Canara Bank and Bank of Baroda to private banks and digital lenders. Amounts typically run from ₹50,000 to ₹20 lakhs for courses in India and go higher for overseas study where collateral is pledged. Here is what you need to qualify, what it costs and how to apply.
PRO TIP
Quick answer: you need a confirmed admission letter, your 10th and 12th marksheets, and a co-applicant for full-time courses. Loans up to ₹7.5 lakhs usually need no collateral, and repayment starts after the course ends plus a grace period of 6 to 12 months.
What is a Marksheet Loan?
When you are planning higher education, tuition and living costs can quickly narrow your choices. If you have secured admission to an accredited or highly ranked institute and have a solid academic record, a marksheet loan bridges that gap. The name comes from your marksheet or examination scores forming the core of the lender’s assessment.
This loan is tailored to help you study at a college or university of your choice, in India or abroad. You can get a marksheet loan online from most lenders depending on your eligibility and the institution you have been admitted to. The sanctioned amount varies by lender, course and whether you pledge security.
The most useful feature is that you do not repay while the course is running. Repayment begins after you graduate, following a grace window of roughly 6 to 18 months depending on the lender. Interest accrued in this period is usually added to what you owe, so your parents or co-borrowers are not left servicing the loan while you study.
How Does a Marksheet Loan Work?
The mechanics are simpler than most people expect. Three things happen in sequence:
You apply with your marksheet and admission letter. The marksheet establishes your academic track record; the admission letter confirms the course, institution and the fee you actually need funded
The lender assesses three things together: your academic merit, the institution’s reputation and your co-borrower’s income. A strong score at a recognised institute improves both your approval odds and your rate, because lenders are effectively underwriting your future employability
Repayment starts after a moratorium. This usually equals the course duration plus one year, giving you time to finish studying and find a job before the first EMI is due
Sneha, a 21-year-old from Nashik, secures admission to a 2-year MBA costing ₹9 lakhs. She applies with her graduation marksheets and admission letter; her father, a salaried employee, comes on as co-applicant. Because the amount crosses ₹7.5 lakhs, the bank asks for collateral. Her moratorium runs 2 course years plus 1 year, so her first EMI falls due in the fourth year.
DID YOU KNOW?
You can choose to pay simple interest during the moratorium rather than letting it capitalise. It is optional, but it stops your principal growing and cuts your total interest cost over the tenure.
Eligibility Criteria for Marksheet Loans
Check that you qualify before applying, because this loan leans on strong grades and admission to a recognised institute. Lenders typically approve when your employability after the course looks solid. You may apply as a student, a salaried or self-employed candidate, or with your parents as co-borrowers.
Criterion
Typical Requirement
Residency
Indian resident
Age
Minimum 18 years; upper limit usually 35 years or more, varying by lender
Co-applicant
Mandatory for full-time courses (parent, guardian, spouse or parent-in-law)
Collateral
Usually not required up to ₹7.5 lakhs; required above that limit
Academic record
Consistent marks in 10th, 12th and graduation, plus entrance scores where applicable
Course type
Graduate, post-graduate, vocational or PG diploma course
Institution
Admission to a college or university recognised by UGC, AICTE, government or IMC
Documents Required for Marksheet Loan Application
Before you apply online for a marksheet loan, keep documents ready for yourself as the applicant and for your guarantors or co-borrowers, usually your parents.
Document Type
What to Keep Ready
Identity proof
Aadhaar card, PAN card, passport, voter ID or driving licence
10th and 12th marksheet or latest education certificate, plus entrance scorecard where applicable
Admission proof
Admission letter and a statement of the cost of study
Income proof (salaried co-borrower)
Recent salary slip or certificate with Form 16, 3 to 6 months’ bank statements, appointment letter or experience certificate
Income proof (self-employed co-borrower)
6 months’ bank statements, last 2 consecutive years’ ITR, office address proof and business existence proof such as tax or shop establishment registration
Application set
Completed loan application form and 2 passport-sized photographs
WATCH OUT
A marksheet alone will not get a loan sanctioned. Every lender also needs identity, address and income documentation for the co-borrower. Missing income proof is one of the most common reasons a certificate loan application stalls.
Courses Financed By Marksheet Loans
Some of the courses covered under these loans are:
Graduation and post-graduation courses along with degree or diploma courses
Education in disciplines such as medicine, management, engineering, IT and more
Technical and vocational training courses such as nursing, teacher training, aviation and more
Expenses Covered by Marksheet Loans
Some of the typical expenses covered by this loan are:
Tuition fees
Living and accommodation expenses
Commuting expenses
Books, equipment, computer, lab, exam and other fees
Travel from your place of residence to the college or institution
Other expenses incurred over the course of completion
Interest Rates of Marksheet Loans
Marksheet loan rates move with the repo rate, since most bank education loans are floating and pegged to the lender’s external benchmark. Here are indicative ranges from major lenders as of 2026. [RATES: verify with each lender before publish]
Lender
Indicative Interest Rate (Per Annum)
State Bank of India
8.20% – 11.75%
Canara Bank
8.60% – 11.35%
Punjab National Bank
9.00% – 10.35%
Bank of Baroda
9.15% – 12.50%
Union Bank of India
9.30% – 12.55%
HDFC Bank
9.50% onwards
Note: Interest rates are subject to change and vary by scheme, loan amount, collateral and co-applicant profile. Please verify with the respective bank or NBFC before applying.
QUICK STAT
Students admitted to premier institutes often pay materially less. SBI’s Scholar Loan, for instance, sits in the region of 6.90% to 7.65% per annum, and most public sector banks offer a 0.50% concession for girl students. Source: Public sector bank education loan schemes, 2026. Verify current rates
Two things are worth asking about explicitly: whether an institute-linked scheme applies to you, since the discount is usually 1.5 to 2.5 percentage points, and whether you qualify for an interest subvention scheme, which cuts your effective cost further for eligible income brackets.
How to Apply for a Marksheet Loan Online: Step-by-Step
The marksheet loan apply online process is largely digital and takes under 30 minutes if your documents are ready. Follow these steps:
Compare lenders on interest rate, collateral threshold, moratorium length and processing fee, then shortlist two or three that fit your course and amount
Open the lender’s website, go to the education loan section and select the scheme matching your course
Fill in the form with your course details, institution name, total cost of study and co-applicant information
Upload your marksheets, admission letter, identity and address proof, and your co-borrower’s income documents
Submit and track it; most lenders respond within 1 to 3 working days, though public sector banks take longer for collateral-backed cases
Complete verification and sign the sanction letter, after which the amount is usually disbursed directly to the institution per the fee schedule
Applying offline? Request a student loan application form at the branch, submit it with photocopies of the same documents and wait for verification.
Advantages of Marksheet Loans
Beyond funding a course, a marksheet loan carries a few structural benefits:
No income of your own required. Your academic record and your co-applicant’s income carry the application, which matters when you have never earned
No collateral for smaller amounts. Loans up to around ₹7.5 lakhs are typically unsecured, so no family property needs to be pledged
Repayment starts after the course. The moratorium means you are not paying EMIs while studying
Tax deduction on interest. Section 80E allows a deduction on the interest paid, with no upper limit, for up to 8 years from the year repayment begins (available under the old tax regime)
Covers the full cost of study, not just tuition but accommodation, books, equipment and travel
Builds your credit history early. Timely repayment gives you a track record before you apply for any larger loan later
One caveat: a marksheet loan is still debt, and interest capitalising through a long moratorium can meaningfully increase what you finally repay. Run the numbers against your expected starting salary before committing to the full sanctioned amount.
In case you are unable to qualify for competitive marksheet loans or are falling short of funds in your academic pursuits, you can pay for any ed-tech course on EMI with Fibe. Get up to ₹10 lakhs to sign up for any online course and upskill to give yourself the best chance to succeed. Take up to 3 years and repay comfortably in low-cost or no-cost EMIs. With minimal documents and an easy application process, Fibe’s EdTech Finance offers you a great way to accomplish your educational goals. Download the Fibe App or visit the website to explore its benefits.
FAQs On Marksheet Loans
1.Can I get a loan on my 12th marksheet?
Yes, you can. Most lenders offering marksheet loans require a copy of your 12th or 10th standard marksheet. A 12th marksheet loan is commonly used to fund undergraduate courses, and some issuers consider applications with around 50% marks, though a stronger score improves your approval odds and your rate.
2.How do banks verify marksheets?
The bank or lender contacts your school, college or examination board directly to confirm the marksheet is genuine. Some also cross-check against the university’s online result portal.
3.Can I get a loan on my degree certificate?
Yes, but you must first be eligible for a marksheet loan. If you meet the criteria, certain lenders will issue a degree certificate loan against it, usually alongside your admission letter for the next course.
4.What is a marksheet loan and who can apply for it?
A marksheet loan is an education loan assessed mainly on your academic record rather than your income. Any Indian resident aged 18 or above with confirmed admission to a recognised institute can apply. Students, salaried and self-employed candidates are all eligible, though full-time courses need a co-applicant such as a parent, guardian or spouse.
5.How to apply for a marksheet loan online?
Compare lenders on rate and collateral threshold, open the education loan section of your chosen lender’s website, fill in the form with your course and co-applicant details, then upload your marksheets, admission letter, KYC and income proof. Most lenders respond within 1 to 3 working days and disburse directly to the institution.
6.What is the maximum loan amount I can get on a marksheet loan?
It depends on the lender, the course and whether you pledge collateral. Domestic courses are commonly funded between ₹50,000 and ₹20 lakhs, and overseas study can go considerably higher when property or a fixed deposit is pledged. Your co-applicant’s income and the institution’s reputation both influence the final amount.
7.What is the moratorium period in a marksheet loan?
The moratorium is the window during which you do not have to pay EMIs. It typically covers the course duration plus 6 to 12 months, giving you time to graduate and find a job. Interest usually accrues and is added to your principal, so paying simple interest through the moratorium reduces your overall cost.
Do you know you can get Aadhaar on a PVC card? UIDAI introduced this option to solve the problem of the durability of Aadhaar cards. Since it is a valid proof of ID, carrying it with you can help you verify your identity. Over time, this can damage your card due to normal wear and tear.
This is because when you receive an original Aadhaar card from UIDAI, it is a paper document. While some individuals opt to laminate it, this is not a permanent solution and can get damaged quickly. You can avoid this by opting for an Aadhaar card on a PVC card to provide longevity.
Read on to learn its features, benefits, application steps and more.
Features and Benefits of a PVC Aadhaar Card
Note the following features to help you decide why you should switch to a PVC card.
Better Security
An upgraded card contains many security features, which make it a better option than a paper Aadhaar card; this includes:
Embossed Aadhaar Logo
Hologram
Ghost image
Guilloche Pattern
Issue Date
Micro text
Print Date
Secure QR Code
These details are hard to copy and replicate, which reduces the risk of forgery and identity theft. Creating a copy of a PVC card is much more difficult than a paper card. This way, it protects against tempering.
It’s debit card-sized, allowing you to easily carry it in your purse or wallet without any risk of damage.
Durable
Polyvinyl Chloride (PVC) is a remarkably durable material. Thus, rain and hot weather do not have much effect on it. Even if you keep it in your pocket, it will not get damaged or broken very easily.
Long Life
Due to its durability, you will most likely need only one card. Even a laminated paper card must be remade after a few years, as it can chip or fade over time. You don’t need to re-order a PVC-based card unless you have lost the card or changed your details.
Easy Online Application
You can simply apply for it as well as verify your details from your home. It is also delivered to your residential address.
After that, you will get your instant update online.
As an important document to prove your identity, you can use an Aadhaar card to get a loan, credit card, bank account, or other services. It is valid as your proof of Identity as well as proof of address, allowing you to reduce the time taken on the processing of your application.
If you are looking for a financing option with quick approval and speedy dispersal, consider the Fibe Instant Personal Loan. It allows you to apply for a maximum amount of up to ₹5 lakhs with zero end-use restrictions. You can use it for any of your planned or unplanned financial requirements.
With Fibe, you can apply online for a streamlined application process, with minimum documents and from the comfort of your home. You can also close your loan before the tenure without any penalties to save on paying high interest. To apply, download our Personal Loan App or visit our website now!
FAQs on Aadhaar PVC Card
How to get an Aadhaar PVC card?
You can apply for your Aadhaar card on a PVC card on the UIDAI portal.
Is an Aadhaar PVC card delivered?
Yes, you can order an Aadhaar PVC card and get it delivered to your residential address via post.
Is a PVC Aadhaar card good or bad?
Getting an Aadhaar on a PVC card is good to protect your document against a number of damages.
How to track PVC Aadhaar card status?
You can do this on the UIDAI by selecting the option on the dashboard and providing your details.
A pre-approved personal loan can give you quick access to funds, helping you manage your planned or unplanned needs effortlessly. You must be financially flexible in the modern world. You can adapt to most changes or variations throughout your financial journey with these loans. Read on to understand these loans better.
What is a Pre-approved Loan?
A pre-approved personal loan is a borrowing tool. Lenders provide you with this facility if you fulfil certain financial prerequisites. Lenders study your financial information in detail before pre-approving you for a loan.
Loan pre-approval includes the review of various financial facts about you. Some of these are:
Credit score
Credit history
Income history
Spending habits
Debt-to-income ratio
A lender concludes whether you are eligible for a pre-approved loan based on this assessment. If approved, in some cases, lenders may even sanction a pre-approved personal loan without documents.
This is because of your existing relationship with the lender and the fact that you have repaid your dues on time. After approval, you can get the loan amount based on the decided loan terms.
With a good credit history, you can get lower interest rates. You must understand that pre-approval does not guarantee you a loan. You may even get an instant pre-approved loan from the lender that you already have an account with.
What is a Pre-qualified Loan?
A pre-qualified loan is a loan offer that the lender makes to you at your request. To get a pre-qualified loan, you have to submit your personal and financial documents to your lender. The lender will then assess your credit standing and consider whether you are eligible.
To better understand these two loans, read about the major differences between the two.
Parameter
Pre-qualified Personal Loan
Pre-approved Personal Loan
An in-depth review by lenders
Sometimes
Always
Required information
Current income, debt, assets, credit documents
Valid job, identity, address, income documents
Purpose
Helps lenders understand if you are a potential borrower
Lenders check your creditworthiness before extending a pre-approved offer
Process details
It may take from a few minutes to a few hours to get updated information about your application
You can use the website or mobile app of the lender to check every step and its status.
Features and Advantages of a Pre-approved Loan
A pre-approved loan comes with excellent features and advantages that help you get stress-free access to funds.
Faster Approvals
Loan pre-approval leads to quicker loan approvals. That is because the lender has already assessed your financial background.
Minimal Documentation
You do not need to struggle with filling out several forms and submitting loads of documents. The lender already has the required data, thanks to the pre-approval process.
No Hidden Charges
Most lenders will list out all the charges related to your pre-approved loan, if any. This drops the risk of you succumbing to any hidden costs.
Potential Savings
With a great credit history, lenders may offer you a lower interest rate with your personal loan.
Swift Disbursal
These loans are usually dispersed very quickly by most lenders.
Hassle-free Experience
Enjoy a smooth loan application process, as you are already a pre-approved applicant.
Utilising both secured and unsecured forms of credit
Stable employment
Stable income
Pre-approved personal loans are a great financial tool. These loans can help you in times of need. Loan pre-approval can also help you get funds to make smart purchases and investments after proper consideration and planning.
Access an Instant Personal Loan of up to ₹5 lakhs at competitive interest rates on Fibe. Get benefits like quick disbursal, flexible tenure, minimal documentation, and more. Download the Fibe App or log in to our website to get started with an easy and swift digital application.
FAQs on Pre-approved Personal Loans
Can I get pre-approved for a personal loan?
You can get pre-approved for a personal loan with the right credit track record and by being financially responsible.
How to check PAPL eligibility?
Different lenders maintain varying pre-approval standards. However, having a good credit score and history, a regular income, investments and savings is the best way to fulfil most lenders’ eligibility criteria.
Can a pre-approved loan be declined?
Pre-approved personal loans are not guaranteed loans. The issuer may conduct further checks to assess your repayment capacity. The loan application may be declined if your repayment capacity is not deemed to be satisfactory by the issuer.
Is being pre-approved good?
Pre-approval signifies that a lender is satisfied with the checks it has conducted towards your financial standing. It can help you get the maximum sum at favourable interest rates.
SMS frauds are not something of recent times, but now there are new ways of carrying out such scams. This includes pretending to be a reliable source, such as a bank or any other financial institution. It can cause a threat to your account or profile, which may require you to take immediate action.
Other text message scams include sending you fake offers to get your private details. Awareness of these kinds of scams is one step closer to protecting your identity and finances. Read on to know its different types, tips for protection and more.
Types of SMS Phishing
A fraud text message will always aim to get you to click on any link or provide your personal details. Depending on the context of the message, you may receive many types of fraud messages.
A comment type of fraud is smishing. This word is a combination of SMS and phishing. When a cybercriminal sends you a text message asking for any sensitive information and asking you to click on any link, it falls under this type.
Another type of common fraud is SMS spoofing. In these cases, they will pretend to be a bank, where you have an account or any financial institution telling you to complete the registration process. They may also present you with pre-approved offers or prizes.
Smartphones often come with a spam detection option that identifies such text message scams. You can also opt for a feature that turns off notifications from unknown numbers. Here are some other tips to detect any fraudulent SMS.
A legal organisation, such as your bank or any institution, will not call you a ‘user’ but use your real name
If their phone number is unrecognisable or suspicious
If there are grammatical errors in the text message
If they are threatening action and providing a link to solve the problem
If you get a random OTP followed by a call or email
If it contains a strange URL
If they ask you to link your account, but you have not applied for any such process
You can also search the number online
If the SMS asks you to download an app which is not available on the Google Play Store or App Store
Keeping these points in mind helps you distinguish text message scams from authentic SMS from banks or any valid platforms. Furthermore, you can report fraud SMS on time to avoid substantial loss.
Tips to Protect from Smishing
Here are a few useful tips to prevent falling prey to such scams or avoid large financial losses.
Don’t click on any link immediately or in panic
Read the text carefully before taking any steps
Know that banks mostly communicate via email if it’s urgent
Don’t download any app via SMS link
Don’t share any details over text
Reverse search the number online to verify the sender’s identity
Don’t enter any OTP unless you are in the process of registering for verification
Report fraud immediately
In case you receive any such SMS, you can report it to the Chakshu portal. This is a government facility to protect you against any fraudulent communication through calls, SMS or WhatsApp. In case you or anyone you know has fallen for such scams; you must report it to the cybercrime department.
You can call the crime helpline number 1930 to report fraud SMS in India. Alternatively, you can visit https://www.cybercrime.gov.in.
By knowing these tips, avoiding SMS frauds or any fake calls is easy. It is also important that you only share your information on reliable platforms, especially when you are applying for a financial product.
Fibe is a reliable platform with ISO/IEC 27001 Certification and PCI DSS App-based journey that protects all your data when you apply. Opting for the Fibe Instant Cash Loan allows you to get a maximum loan amount of up to ₹5 lakhs for your umpteen requirements. You can comfortably pay this loan over a tenure of 36 months.
We also have competitive interest rates, a streamlined digital application process and minimum paperwork involved. What’s more, you can close your loan before the tenure without paying any penalty charges. Simply download our Personal Loan App or visit our website to apply now!
FAQs on SMS Frauds
How to protect from fake SMS?
The best way to protect yourself is to ignore such texts and report them on the Chakshu portal.
How to block loan calls?
To block all telemarketing calls, you can send an SMS with the text ‘FULLY BLOCK’ and send it to 1909. This works for all network providers.
How do I remove my number from the spam list?
There is no way for you to remove your number from the list of telemarketers. However, opting for DND or blocking these calls works best.
What if we receive a fraud SMS?
If you think any SMS is phishing, you can report it on the Chakshu portal.
The steps to apply for an e-PAN online are very simple and require only your mobile number. Indians above the age of 18 years need a PAN card to open a bank account or to avail of other financial products. Therefore, it is important that you apply for it on time.
With the growing fintech industry, digital application is a common trend. If you want to apply for a loan or open a bank account, you can do it online and submit your documents in soft copy. The same is applicable if you want to apply for an e-PAN card. Here is a quick overview of the complete process.
e-PAN Card: Overview
This is a digital version of your physical PAN card that you can use for online applications, tax filing, and more. This way, you don’t need to create photocopies of your card for the verification process. This makes it an eco-friendly method.
It is a valid document for any government or banking process. You can easily download it in just a few minutes from the NSDL, UTIITSL or Income-Tax Portal. Once generated, you become eligible to apply for a wide range of services online.
Eligibility to Apply for an e-PAN Card
Check the criteria you must meet to generate an e-PAN card:
Be an Indian resident
Not have a PAN card already
Have a valid Aadhaar card
Have an active mobile phone number
The registered mobile number must be linked to your Aadhaar card
Have an updated Aadhaar card with the correct details
By meeting these criteria, you can apply and download an e-PAN card.
You can easily check it on the Income-Tax department’s e-filing portal with the following steps.
Step 1: Click on the ‘Instant e-PAN’ option
Step 2: Select the ‘Check Status / Download PAN option’
Step 3: Enter your Aadhaar card number and click on ‘Continue’
Step 4: Enter the OTP, select the checkbox and click on ‘Continue’
After this, you will get your e-PAN status on the dashboard. If your card is ready, then you can download it.
With the simple online processes, applying and downloading this card is easy and time-saving. Likewise, you can also apply for financing with the Fibe Instant Personal Loan to get up to ₹5 lakhs at an affordable interest rate.
We allow you to apply with minimum documents and choose a comfortable repayment tenure of up to 36 months. You can also foreclose your loan anytime without additional fees. To apply online, download the Fibe Personal Loan App or visit our website.
FAQs on e-PAN Card Online
How can I download my e-PAN card?
You can generate an electronic PAN card on the e-filing portal of the Income-Tax department with your Aadhaar card.
Can I apply for an e-PAN?
It is the same process as applying for a PAN card online, where you opt for a soft copy instead of a physical card.
Is e-PAN free of cost?
No, applying for a PAN card requires you to pay a fee.
Is there any difference between a PAN card and an e-PAN card?
A credit card CVV number is an added layer of protection for your card information and your identity. While shopping with credit cards, there is always a risk of fraud and phishing as you share your card details. To protect against such risks, issuers apply many protective measures. One such measure is a CVV number for credit cards.
Read on to learn more about it and how it prevents fraudulent activities online or at POS terminals.
What is CVV?
Before moving ahead, you should know the full form of the CVV code. It stands for Card Verification Value. It is also mentioned by another name such as:
Card Security Code
Card Validation Code 2
Card Identification Number
It is a three-digit code on your card, which is important for completing transactions. Know that it is also mentioned on debit cards, as it is an essential feature for security.
Depending on whether you are making payments online or offline, the CVV number performs a dual role. Here is how it protects you during different modes of payment.
In Online Payments
To make an online payment using your credit card, you need to enter a few details, which include:
Credit card number
Cardholder’s name
The expiry date of the card
Card security code, CVV
Upon entering these details, the payment gateway verifies the information. Since it is against the Payment Card Industry Data Security Standard, merchant payment portals cannot save your details on the platform. Therefore, every time you make a transaction, you have to enter these details manually.
This ensures that the card is present with the shopper while making the transaction and that they are not using someone else’s details. In case you enter the wrong CVV number, the payment will be declined. As such, it acts as an authentication checkpoint.
In Offline Payments
If you’re making a payment by swiping your card, the POS machine reads all your card details. It cross-verifies the detail on the front of the card with the information on the back. If both the details match, only then will your transaction be successful.
Where Can You Find It?
The location of your card security code, CVV, depends on your credit card payment network. If your payments are authorised by Mastercard, Visa or Discover payment network, then you can find it on the back of your card. It is located under the magnetic strip and on the right side of the signature.
However, if you are an American Express credit card holder, it is at the front, above your card number. Since such critical information is accessible directly on your card, it becomes crucial to keep your card safe.
If you can avoid it, do not hand over your card at reception, restaurant, hotels or any other place to make the payment. Besides, it is best that you swipe your credit card yourself. Additionally, for online payment, ensure that the merchant is reliable and the payment platform is secure.
However, the best way to ensure that there is no breach of data and nobody can see your credit card information is to opt for a numberless credit card. Such credit cards do not have any information printed on your card. This way, even if you hand over your card to the receptionist for payment, there is no risk.
One such card is the Fibe Axis Bank Credit Card. It’s India’s first numberless credit card. As a cashback card, it gives up to 3% cashback on food orders, travel and entertainment expenses. Additionally, you can get 1% cashback on all other spending categories.
It is a RuPay-based credit card, which allows you to conveniently make UPI payments at a lower cost. Its other features include one complimentary domestic lounge access per quarter and a fuel surcharge waiver of 1% up to ₹400 per billing cycle. To apply, download the Fibe App now on your smartphone and get started!
FAQs on CVV Number
How do I find my CVV number?
You can find it on the back of credit cards. However, this only applies to Mastercard, Visa and Discover credit card users. If you have an American Express Card, then your credit card CVV no. is on the front.
What is the CVV number on an ATM card?
It is similar to the number on a credit card. Both perform the same function of protecting your card details against fraud. Depending on your payment network and issuer, it can be three to four digits long.
Is CVV a password?
No, it is a detail mentioned on your credit card, similar to your card number, cardholder’s name and expiry date.
Is CVV private?
Yes! It is a confidential detail that you should not share with anyone, not even the customer care executive of your issuer.
The NCMC card is a revolutionary option that makes travel easy with a complete payment solution. To reach any destination, you need to switch multiple modes of transport. While you can efficiently book train, aeroplane and even bus tickets, local transport requires you to carry cash.
With an NCMC Debit Card, you don’t have to worry about it. The card allows you to make cashless travel-related payments without worrying about any interest or credit. Read on to learn how it works, what its features are, what its benefits are and more.
What is a National Common Mobility Card?
The Ministry of Housing and Urban Affairs introduced it as an interoperable transport card. This card was launched on March 4, 2019, under the ‘One Nation, One Card’ initiative. It aims to simplify payments across various public transport systems in India.
You can use the NCMC Prepaid Card after loading it with money using funds from your bank account or digital wallet. Since it is a RuPay-based card, all the payments are made through UPI. For this, it uses a Near-Field Communication (NFC) chip that stores user details.
Here are some of its features that you should know about:
It is a UPI-integrated RuPay card
You can add a minimum of ₹200 with multiples of ₹100 onwards
You can use it for buying tickets for flights, metro and bus
It is also useful for toll and parking ticket payments
Banks levy an annual fee and other charges that vary from one bank to another
Approximately 25+ partner banks offer this card. You can choose from any of these banks and apply by visiting their nearest bank branch or accessing their website. Here are the steps to can follow to apply online for an NCMC card or at the bank branch:
Step 1: Visit the bank’s branch or website
Step 2: Fill out the application form with the necessary details
Step 3: Submit the supporting KYC documents and form
Step 4: Wait for verification by the bank
Step 5: Collect the card and activate it as per the instructions
Step 6: Add funds to your NCMC card
Once added, you can use the money to make cashless transactions on various modes of transport and retail outlets.
While an NCMC card is a prepaid or debit card, carrying a credit card while travelling is also a smart way to have a hassle-free experience. This is because it provides you with instant funds in case you’ve exhausted your savings. One such card you can consider is the Fibe Axis Bank Credit Card.
This is India’s first numberless credit card, which also offers up to 3% cashback on all your transactions, online as well as offline. It also provides other travel benefits, such as 4 annual domestic lounge visits and a 1% fuel surcharge waiver.
Similar to NCMC, it’s a RuPay card which allows you to link it with any UPI app to make payments effortlessly. To apply for this lifetime free credit card, download the Fibe App from the Google Play Store or App Store.
FAQs on National Common Mobility Card
How to get a National Common Mobility Card?
You can visit any of the partner bank’s websites to apply online for an NCMC card. Alternatively, visit the nearest branch to get the application form.
How to apply for a National Common Mobility Card?
You can apply online for an NCMC card by visiting any of the 25 partner banks’ websites. Filling up the form and providing the required KYC documents will help you complete the application process and you will get the card shortly.
Which banks issue the NCMC card?
Here are some of the top banks offering NCMC:
Axis Bank
Canara Bank
City Union Bank
ICICI Bank
IndusInd Bank
Kotak Mahindra Bank
Bank of Baroda
Oriental Bank of Commerce
Punjab National Bank
State Bank of India
Central Bank of India
Syndicate Bank
YES BANK
Bank of India
Union Bank of India
What is the use of a mobility card?
While it is a versatile card useful for many travel purposes, it aims to make travelling cashless and streamlined. Thus, you can use it to pay for your tickets and travel fares easily.
For example, when travelling via the Delhi metro, you need a DMRC metro card. If you’re travelling to Mumbai, you need an MMRC metro card, as DMRC cards cannot be used. The global NCMC card eliminates this issue.
The indexation meaning is simple, it lets you adjust the cost of your investment based on inflation. This reduces your taxable gains when you sell a long-term asset. It was especially useful in areas like property, gold and mutual funds. But recent Budgets have changed where you can use this benefit.
Read on to understand what is indexation, how it works, how to calculate it, which assets still qualify and what the latest tax updates mean for you.
Indexation in Mutual Funds
The indexation meaning is about adjusting the value of your investment as per inflation. It helps you understand the real profit when you sell an asset after a few years. In short, it compares your investment cost with current prices to show true returns. Let’s understand this with an example. Say you made a lump sum investment in a debt mutual fund scheme for ₹2 lakh. After 3 years, you sell it for ₹2.5 lakh, earning a total profit of ₹50,000. This earned profit is subject to taxation according to tax norms.
However, the current price of the same mutual fund scheme for the same number of units is ₹2.1 lakh due to inflation. As per the current rate, your total taxable profit is ₹40,000. Thus, you can save tax on the difference of ₹10,000 between the indexed and unindexed value of gains.
Why Indexation Matters in Capital Gains Tax?
To have a better understanding of Indexation, here’s a simplified look at how capital gains are taxed based on how long you hold an asset:
Short-term capital gains (STCG): Applied when you sell assets before the minimum holding period, generally within 12 months for listed shares and equity mutual funds. From 23 July 2024, STCG on these is taxed at 20%.
Long-term capital gains (LTCG): Applies to assets held longer, typically over 12 months for equity and over 24 months for others. From 23 July 2024, LTCG across all asset classes is taxed at 12.5%, without indexation benefits. However, equity gains get an ₹1.25 lakh annual exemption.
There is a grandfathering rule: If you bought property or other assets before 23 July 2024, you can still choose to pay 20% with indexation instead of the flat 12.5%, if that results in lower tax.
Calculation of Indexation
To adjust your investment cost for inflation, the government provides the Cost Inflation Index (CII). It’s released every year by the Income Tax Department and helps you work out how much your investment’s original cost would be worth today.
Here’s how the calculation works:
Let’s suppose Aditi invested in 1,000 units of a debt mutual fund at ₹22 per unit in the financial year 2015-16. She sells them for ₹34 per unit in 2024-25. Since she held them for more than 3 years, this qualifies for indexation.
Total Purchase Cost: ₹22 × 1,000 = ₹22,000
Total Selling Value: ₹34 × 1,000 = ₹34,000
CII for 2015-16: 254
CII for 2024-25: 363
Now, adjusting the purchase cost for inflation using the CII:
Inflation-adjusted cost = ₹22 × (363 ÷ 254) = ₹31.44 per unit
Total Adjusted Cost = ₹31.44 × 1,000 = ₹31,440
So, the long-term capital gain is ₹34,000 – ₹31,440 = ₹2,560
So, instead of paying tax on the entire ₹12,000 profit, Aditi will pay tax only on ₹2,560.
What is the Cost Inflation Index (CII)?
Cost of acquisition means the price at which you started an investment or purchased a property, including all charges. To get the CII, you can use the following table:
Financial year
Cost Inflation Index
2001-02
100
2002-03
105
2003-04
109
2004-05
113
2005-06
117
2006-07
122
2007-08
129
2008-09
137
2009-10
148
2010-11
167
2011-12
184
2012-13
200
2013-14
220
2014-15
240
2015-16
254
2016-17
264
2017-18
272
2018-19
280
2019-20
289
2020-21
301
2021-22
317
2022-23
331
2023-24
348
2024-25
363
2025-26
376
If you have all the information available, simply use this formula:
Indexation = Cost of acquisition x (CII of the base year / CII of the sale year)
Since inflation is always rising, your indexed cost of acquisition (ICoA) will be higher than the original investment amount. Therefore, when you subtract this ICoA from your long-term capital gain, the subtracted amount is the profit you do not have to pay tax on.
This system was beneficial in lowering the tax outgo on profits from capital gains. Here’s how it helped:
To adjust your asset value according to the inflation in the economy during your year of investment
To encourage investors to opt for long-term investment, thanks to savings on taxes
To ensure maximum benefit due to long-term capital gain
Assets Eligible for Indexation Benefits
You can still get indexation benefits on some older investments. But, this is only applicable if they were made before specific dates:
Real estate: If you bought it before 23 July 2024
Debt mutual funds: If you invested before 1 April 2023
Gold and other assets: Only if purchased before their respective cut-off dates
Unlisted shares: If held long enough and meet the tax rules
If your investments were made after these dates, indexation won’t apply.
Revision in Indexation Benefits
Budget 2023 and Budget 2024 brought major changes. Here’s a quick summary:
Debt Mutual Funds: No indexation on funds bought after 1 April 2023. Gains taxed as per income slab.
Real Estate: For property bought after 23 July 2024, indexation no longer applies. You pay flat 12.5% LTCG tax instead.
Other Assets: Indexation on gold, ULIPs and more have been withdrawn gradually.
Today, indexation benefits are no longer valid on investments in property, mutual funds, gold and more. However, you now pay lower long-term capital gains tax, which helps to adjust the benefit.
In this scenario, if you are looking for finances to pay taxes or require funds for urgent or unplanned financial needs, consider opting for a convenient option such as a Fibe Instant Cash Loan.
It gives you up to ₹5 lakhs without any end-use restrictions, allowing you to manage any emergency or big-ticket expenses easily. With Fibe, you can apply with minimum documentation, enjoy a speedy digital application process, meet simple eligibility criteria, and benefit from swift disbursal.
We also offer loans to applicants who are ineligible for traditional bank loans due to a low credit score. Simply download our Personal Loan App on your smartphone or visit our website to apply now.
FAQs on Indexation
What is an example of indexation?
Here are the steps to understand the process:
Assume you invested ₹20,000 between 2014 and 2015 and decided to sell the investment in 2024, where the total earnings come to ₹35,000
During the investment year, the cost inflation index was 240, which has now risen to 363. Considering this, your index cost of acquisition will be ₹30,250
Since you calculate capital gain as the difference between the selling price and the indexed cost of acquisition, total capital gain is ₹4,750
As such, you can reduce your tax liability significantly.
What is the 20% indexation benefit?
This means that your total long-term capital gains from debt fund investment are taxable at a 20% rate after indexation. This benefit has now been abolished by the Indian Government.
What is indexation in the case of property?
When you sell a property, you have to pay tax on the total gains. By indexation, you get the benefit of adjusting your profit against inflation. This lowers your taxable profit and, thus, your total tax. As per the Budget 2024, this benefit is no longer applicable. However, if you have purchased a property before July 23, 2024, you can choose between paying 20% long-term capital gains tax with indexation benefits or a 12.5% tax.
