Login / Signup Show Tiles Close

Mukesh Sharma

Onlone Wallet system

Hello all
I am going to start online service business. I have required online wallet for such services. Please provide me information and legal requirements for it & and suggest me which mode off wallet will be for suitable for low budget business.
Regards
Mukesh Sharma more  

Viewed by 1633
View all 10 comments Below 10 comments
Satish Raheja (Expert)
Online Service Business by any one of the existing four modes of wallet is nothing new. Though different people use different mode/s for their start up function, it may or may not be suitable to you as you know better than anybody else about the type of Business you intend to start, what will be the total outlay, what will be the quantum & frequency of sale/purchase, how many intermediary persons will be involved, the point of storage of stock, the point of supply of the items & so many other questions. As you are the most important person for above mentioned questions you can definitely give a good thought before starting the online business. Though risk involved cannot be ruled out but proper vigilance & active mind can take care of all the hiccups. Government restrictions & guidelines given should not be forgotten before starting the online business in a haste. more  
Prabha Rao (Architect)
Please contact a professional who can help. more  
Vivek Sharma
you are frm lucknow,pls sms ur no i will contact u more  
Sandeep B (Software Developer, IT Consultant)
To Start business of Online Wallet System where people keep there money in that account you need permission from RBI to hold money. Again its depends on which type of wallet it is - Closed Wallet, Semi-Closed Wallet or Open Wallet http://www.nextbigwhat.com/mobile-wallets-india-297/ https://rbi.org.in/scripts/NotificationUser.aspx?Id=8993&Mode=0 more  
Hiten Shah
You should be sharing all your details at the outset in order to be assisted effectively and efficiently. Start up of a business varies not only from business to business, idea to idea, but also location to location. The local rules, laws, working conditions would have to be taken into consideration before anything else. Please share all this and you will be able to proceed further and also get effective guidance. more  
View 10 more comment(s)
Post a Comment

Related Posts

    • Is India’s IT sector a ticking time bomb

      IT Index collapsed by 4% yesterday as it continues to struggle From 2 years ago: - Salary Hikes: 15% down to 5% - Revenue Growth: 19% down to 3% - Hiring: Down 60% - ...

      By Sneha Goyal
      /
    • Misuse of new criminal law can cause havoc for business owners/small companies

      New criminal laws come into effect from today. Here is one new law to be concerned about: ‘individuals who engage in sexual relations by deceit, such as false promises of employment or marria...

      By Sudesh Rai
      /
    • Layoffs everywhere

      Layoffs going on in full swing in IT sector! Daily 1-2 news coming in closed circles... crazy consolidation. Worser than 2000, 2002, 2008-2009 and 2015.

      By Vijaya Nair
      /
    • Terrible job market

      36

      By Ajay Dutta
      /
    • GST number is designed to compromise your details

      Dumbest thing in GST is using PAN as GST number and Mandating displaying GST number in Sign Boards. So that everyone on street knows our PAN. PAN is used as password in income tax docume...

      By Vinay Sen
      /
    • Will many CAs may have to close soon

      Many CA, CS and CMA Professionals have to either change work or close their practice after this attached circular.

      By Ajay Dutta
      /
    • Google is a pathetic company

      Google India hiked the rate of business mail by 350 %. With fear of recession looming and when msme are struggling this is not the right thing to do. It will cost msme sector 5000 crore per year...

      By Vishal Khanna
      /
    • GST filing

      Still GST system is not 100 % user/official friendly. there are news that so much money (in lacs) collected by fraudulent GST bills. I am a GST registered vendor. The company turn over is almo...

      By Subramanian Venkataraman
      /
    • Taxation Issues faced by Startups: Inputs Sought

      Many of you know how LocalCircles had worked with the Government in 2019 on resolution of angel tax issues under Section 56 (2)(viib) of the Income Tax act. Once again, the Government h...

      By LocalCircles Manager
      /
    • Why no penalty an dprosecution for govt

      Now our IT portal has become sick being suffering babu virus or extortion virus. McA site never works on last days and people have to pay penalties for mistakes of govt. Now professionals are wasti...

      By SUBHASH PARAKH
      /
    • Income Tax Return Filing Portal

      What about income tax return filing date? Any extension thereof? As of today, I am not able to file the return . Has any one else file the income tax return? Has Portal issue been solved? I have al...

      By Hasmukh Sangani
      /
Share
WhatsApp
Enter your email and mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

हिन्दी About Us Citizen Pulse News Trending Team Career Privacy Policy Sitemap Contact Us
© LocalCircles 2024 FB Link Twitter Link
All My Circles
Invite to
(Maximum 500 email ids allowed.)
Send