Once the central data server isoperational, EPFO would start testing for providingservices like online withdrawal and pension fixation, an official said.
If you are a salaried person who switched jobs or left the typical 9-to-5 job to start something of your own, chances are good that you might have missed to transfer or withdraw your provident fund money.
Interest rates on small savings schemes have been reduced marginally by 0.1 per cent for the October-December quarter of 2016-17, leading to lower returns on schemes such as Public Provident Fund (PPF), Kisan Vikas Patra and Sukanya Samriddhi Account.
Brushing aside strong opposition from the unions, Labour Ministry doubled EPFO's investment limit in ETFs to 10 per cent that will result in Rs 13,000 crore of the retirement fund body flowing into stock markets in the current fiscal.
Almost 51 per cent of health insurance policyholders in India are under-insured despite steady rise in policy sold, said a report Apollo Munich Health Insurance.
Loss-making corporates now have more freedom in deciding managerial salaries, with the government hiking the stipulated executive pay limit under the companies law.
Do you need to break your bank fixed deposit when you need funds in an emergency or for the short term? For such situations, many banks offer an overdraft facility against assets like property, fixed deposits, mutual fund and insurance holdings.
Global brokerage UBS has taken a contrarian line to the general view that award of the Seventh Pay Commission hike would boost demand, saying the move is expected to drive savings more than consumption.
Balance transfer means switching your outstanding balance in a credit card to another card or a new credit card.
Punjab National Bank (PNB) has asked its customers whose accounts are due for a KYC (know your customer) update to do so by October 1, failing which it may block all their banking transactions.
Government ruled out any extension to the September 30 deadline for filing income disclosure under the black money compliance window.
Non-cash transactions are below market potential in India as all banks are not promoting digital payments, said a report.
National Pension System (NPS) subscribers will now have to pay for seeking the services of retirement advisers as pension regulator PFRDA has permitted them to charge a fee ranging between Rs 100 and Rs 1,000.
Bank deposits have been one of the most popular investment options when it comes to earning a regular income. Besides the safety factor, guaranteed income is one of the big pluses why investors opt for bank deposits.
Most of you must be aware that if you are residing in a rented accommodation and your company is giving you house rent allowance (HRA) as a part your salary, you can claim HRA deduction equivalent to the least of the following:
Banks deposits are one of the most popular investments among Indians. Yet many people are not aware of some of the rules, particularly pertaining to the taxability of interest income.
Fund houses are pinning their hopes on the Systemic Investment Plans (SIPs) for business growth this fiscal and expect an uptick of up to 20 per cent in overall assets under management.
With an aim to bring in greater transparency in dealings of mutual funds, the Securities and Exchange Board of India (Sebi) on Tuesday asked them to disclose the exact commission paid to distributors as against the investments garnered from subscribers in each MF scheme.