September 19, 2014 12:35 (IST)
Soon, you will be able to change jobs without worrying about transferring the funds lying in your provident fund. Retirement fund body Employees Provident Fund Organisation expects to operationlise permanent or universal account numbers (UAN) to its over 4 crore subscribers by October 15 this year.
September 18, 2014 16:18 (IST)
The Employees' Provident Fund Organisation headquarters has asked its over 120 field offices to seek the core banking account numbers with IFSC code of bank branch for seeding the same with the portable Universal PF Account Number (UAN).
September 18, 2014 14:53 (IST)
The DDA has authorised 13 banks to sell application forms for its residential scheme. These banks are State Bank of India, Punjab National Bank, Syndicate Bank, Union Bank of India, IDBI Bank, Corporation Bank, Central Bank of India, Kotak Mahindra Bank, Axis Bank, IndusInd Bank, ICICI Bank, Yes Bank and HDFC Bank. Most of these lenders have come out with attracting finance schemes.
September 17, 2014 23:36 (IST)
The number of Indians travelling abroad rose by 21 per cent in the first half of this year as compared to the corresponding period last year, with Dubai emerging as the most preferred destination, according to a survey.
September 17, 2014 16:30 (IST)
The head of the Employees' Provident Fund Organisation (EPFO) says it has "no option" but to change its rules and put money into riskier investments by buying stocks for the first time to seek higher returns.
September 16, 2014 12:39 (IST)
Festival time can be a make or break as far as credit scores go. With some sensible planning you can actually give your credit score a boost.
September 14, 2014 21:09 (IST)
The Employees Provident Fund Organisation (EPFO) has decided to create paper-less specialised corporate offices (SCO) to provide prompt services to large firms and their employees.
September 13, 2014 12:35 (IST)
Mr Jaitley also increased the maximum amount eligible for deduction through permissible investments under 80C of the Income-Tax Act to Rs 1.5 lakh, from Rs 1 lakh. PPF is one of the financial savings that qualifies for Section 80C tax benefits. Not only the money you invest in PPF is exempt from tax under Section 80C, the interest you earn on the PPF investment is also exempt from tax.
September 13, 2014 11:34 (IST)
In order to obtain a good Cibil score you need to maintain a good credit history, the details of which will show up in your Cibil report. The Cibil score can therefore be compared to a grade or a rank based on how you have been servicing your credit.
September 10, 2014 23:48 (IST)
ICICI Bank on Wednesday launched a facility under which an account holder can transfer money to a mobile phone user in the country even without the latter having an account with any lender.
September 09, 2014 19:24 (IST)
India's multi-millionaires prefer to buy their second homes in leading global financial centres such as London, New York and Singapore, according to a report by New World Wealth.
September 09, 2014 18:50 (IST)
It was a time of high fashion and glamour in Mumbai in mid-August. While the rain gods were showering their blessings on the parched city, the who's who in the fashion and entertainment industry were pouring in at the posh Palladium Hotel in central Mumbai and designers across the length and breadth of the country congregated to showcase their autumn winter collection in the Lakme Fashion Week Winter/ Festive 2014.
September 08, 2014 12:36 (IST)
Buying a home is a significant investment for most of us. Procurement of a home loan is as important as selecting a property. In fact, for most of us, the decision of purchasing a property is based on the amount of home loan we can avail.
New Delhi | September 07, 2014 15:35 (IST)
The Finance Ministry is likely to give its concurrence next week to retirement fund body EPFO's trustees' decision to provide 8.75 per cent rate of interest on PF deposits to over five crore subscribers this fiscal.
September 06, 2014 17:02 (IST)
Health insurance is critical for everyone. Unlike before, when you had to make payment for your health insurance in cash or via cheque, insurers nowadays accept credit card payments towards the premiums.
September 05, 2014 17:51 (IST)
An ambitious project by the Employees' Provident Fund Organisation (EPFO) to provide portable universal account numbers (UAN) to its subscribers is likely to be launched this month.
New Delhi | September 04, 2014 20:00 (IST)
The increase is in accordance with the accepted formula, which is based on the recommendations of the 6th Central Pay Commission, it said.
September 03, 2014 22:21 (IST)
Finance Minister Arun Jaitley has set up a committee under Reserve Bank of India (RBI) Deputy Governor H R Khan to assess the amount of unclaimed deposit in the popular Public Provident Fund (PPF) and Post Office saving schemes, and suggest steps for utilization of funds for the benefit of senior citizens.
September 02, 2014 11:37 (IST)
The Delhi Development Authority (DDA) sold nearly 30,000 application forms on Monday, the first day of its biggest residential scheme for sale of 25,034 flats in the capital.
Written By: Devika Singh | August 30, 2014 18:04 (IST)
Banks are rolling out attractive offers to woo customers in a bid to cash in the upbeat sentiment during the upcoming festive season. Bankers say demand for consumer loans has started to grow since the formation of a strong government at the Centre in May.