your money News

Household financial savings rate inch up to 7.2% of GDP

Savings in shares and debentures dropped 22 per cent to Rs 33,700 crore in FY14, from Rs 43,000 in the previous fiscal, according to a RBI report. (Reuters)

Household financial savings rates continued to remain low, inching up a paltry 10 basis points to 7....

FM Arun Jaitley: Steps for subsidy reform soonGovt more confident of achieving fiscal deficit target: FM Arun Jaitley
There are a total 14 crore PF accounts as many employees have multiple PF accounts as they have not been able to transfer or withdraw their money after switching jobs.
EPFO to add 5 million members, Rs 50,000 cr after wage ceiling hike
Govt has hiked wage ceiling to Rs 15K per month from Rs 6,500 for mandatory deduction of PF.

SBI cuts interest on home loans above Rs 75 lakh by 15 bps

Home loans above Rs 75 lakh from State Bank of India (SBI) will be cheaper as the country’s largest ...

EPFO can invest 100% in govt bonds, PF rate at 8.75% for FY15

In a major policy shift to ensure security after workers’ retirement, the central board of trustees ...

Unclaimed sum with insurers touches a steep Rs 5,848 crore

Between 2005 and 2008, insurance industry witnessed a sharp rise in number of policies sold...

EPFO trustees decide to pay 8.75 pct interest rate on PF deposits for 2014-15

Retirement fund body EPFO's trustees today decided to retain interest rate payment...
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Arbitrage funds: Should you buy into the optimism?
The last few weeks have seen a new buzz in the mutual fund space, with fund houses promoting arbitra...
2-wheeler insurance: 3-year third-party cover a win-win for consumer, insurer
IRDA has introduced a three-year term for third-party motor insurance of two-wheelers.
How transactions at ATMs become expensive: Explained
Come Nov 1, frequent usage of ATMs will become expensive, with RBI imposing limit of transactions.
Gilts looking up, provides better yields for the longer term
Government securities or gilts have rallied at various stages over the last six months.
EPFO targets to make UANs operational by Oct 15
Retirement fund manager EPFO that has initiated the process of seeding KYC details like PAN..
Delhi University to challenge HC judgement on pension scheme
Delhi University has decided to challenge a recent judgement of the Delhi High Court allowing the va...
Soon you can withdraw cash from convenient stores, courtesy Oxigen
Oxigen will enable users to withdraw cash from biometric ATM-like machines from convenient stores ac...
Oxigen launches mWallet for sharing money on social networks
Payment solutions provider Oxigen today launched its mobile wallet (mWallet) service, Oxigen Wallet,...
EPFO seeks trustees’ nod to invest more funds in govt bonds
Proposals are listed for discussion when CBT led by labour minister meets on Aug 26.
Inheritance law you should be aware of
Inheritance in India and the manner in which property of a deceased person is to be distributed is d...
A clean bill of health
How to buy the most suitable medical cover and use it to your advantage
Income funds slip, equity funds gain
In July, income funds reported an outflow of more than R10,000 crore as the government doubled long-...
Impact of Finance Act 2014 on sale of unlisted securities
Have you been dealing in unlisted securities or entering into off-market transactions?
Retirement: The time to plan and invest is now
Retirement planning is not much different from any other type of financial planning.
Long-term capital gain on sale of residential house is taxed at 20%
I own two flats in Pune. One flat is used for residential purpose while the other has been let out.
EPFO panel grants tax exemption to 35 private provident fund trusts
An empowered committee of retirement fund body EPFO has approved granting regular tax exemption...
REITs: Own a slice of property pie, without need for deep pockets
Sebi has laid roadmap for introduction of new investment avenue for investors in markets.
SBI asked to pay Rs 5,000 for receiving double payment of EMIs
State Bank of India has been asked by a consumer forum here to pay a compensation of Rs 5,000...
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