How do the Payments on Auto-Pilot work?
What is Payments on Auto-Pilot ?
Envision accessing a store and being recognized by the merchant based on your smart device. Everything you purchase in the store will automatically bill your card and can leave hassle-free. Take a moment mentally brew this dreamy visual. Well, with AI's assistance, it's essentially possible. Automated payments have only recently begun their enterprising voyage, much like a devoted traveller seeking their ideal destination, soon it’ll be a frictionless process. The engineering adhesive streamlining the dedicated flow of events is the Internet of Things.
How does the Payments on Auto-Pilot Work ?
It is accomplished with the aid of sensors and cameras that track your movements. Additionally, weight sensors on the shelf detect the removal of a product. The assistance of "Dash Carts" makes the experience even more effortless. The price and the list of things added to the cart are displayed virtually. There is an incorporated weighing scale for fresh goods. There won't be a need for a human to get involved or for a POS system to be used; the entire process would happen autonomously.
Running behind schedule but there's a long billing line?
By purchasing Whole Foods and its 500 stores, Amazon entered the supermarket market, but it hasn't yet overtaken its main rival Walmart with its 4700 outlets. Amazon Go Grocery offers a simple shopping process in just three steps - Take items off the shelves Scan them with the smart device Then leave the store Artificial intelligence would be utilised to handle the basic intermediate phase. Along with Amazon, the first cashier-free store in India was opened by Kochi-based company Nayasale Retail Pvt Ltd. Watasal also enables a similar experience.
How does PensionBox help?
PensionBox PensionBox AI processor helps you to find answer of your question and assist you to the right path for planning your dream retirement plan. Sign Up and download the app on Android and on IOS.
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PensionBox simplifies the National Pension System(NPS), the government's pension scheme for private employees both for retail users and HRs/companies.
If you don’t have an NPS account, you can simply open your pension account within 2 minutes and if you have NPS PRAN already, you will be able track, invest and manage everything free of charge with best user experience.
We never touch or hold your money directly, your investments go safely to your chosen pension fund through approved channels.
We are built with Zerodha as POP , ensuring transparency, data security, and peace of mind. Your retirement savings are protected by regulation and secured by technology.
That’s why, PensionBox brings transparency, zero charges, timely support and freedom to select any pension fund so that you get the best experience investing in NPS & be better future ready.
That’s not it, we help you & your company together to maximise contribution and tax savings with minimal charges & best user experience.
If you are an existing zerodha user then you get a fast login or sign up using kite ID.
Once you are onboarded with kite ID, you get free access to
- Open NPS in 2 minutes
- Track existing NPS
- POP shift or CRA shifting
- Invest in one time or create SIP in NPS
- Withdraw NPS requests & instant withdraw tier 2
- Create your dream retirement plan
- Open NPS Vatsalya for your kid
- Share with HR (To unlock more tax benefits)
- Employer Contribution:
- Contributions made by your employer to your NPS account are tax-free up to 14% of your basic salary under Section 80CCD(2). Do connect us with your HR to enable this for you.
Tax Benefits in Old Tax Regime - Self-Contribution:
- Deduction up to ₹1.5 lakh under Section 80C.
- Additional deduction of ₹50,000 under Section 80CCD(1B) — exclusive to NPS investments!
- This allows you to claim a total deduction of up to ₹2 lakh every year on your NPS contributions.
- Employer Contribution:
- Contributions made by your employer to your NPS account are tax-free up to 10% of your basic salary (Basic + DA) under Section 80CCD(2). Do connect us with your HR to enable this for you.
- This is over and above your personal deduction limits, giving you extra tax efficiency.
Feel free to book a free call to learn more about NPS, NPS Vatsalya, Corporate NPS & PensionBox or contact the support team.
