Money

EPFO: Online withdrawal, pension fixation to be a reality by May

Retirement fund body EPFO is expected to launch online facility for settlement of claims, including EPF withdrawal and pension fixation, by May this year to put an end to tedious paper work by its mem

States’ market borrowings set to soar 22% to Rs 4.5 trillion in FY18

Even as the Centre has contained its fiscal deficit at 3.2 per cent for FY-18, the states are looking the other way and their gross market borrowings next financial year are estimated to jump by nearl

market borrowing

The Big Story about actual savings under Prime Minister Awas Yojana: What is the catch?

In a bid to boost low-cost housing, the Prime Minister had on New Year’s eve announced two new interest subsidy rates of 4% and 3% for loan amounts of up to Rs 9 lakh and Rs 12 lakh, respectively, u

Why you should not buy life insurance just to save taxes

Life insurance, as the name suggests, is structured to indemnify or cover your life from uncertainties. It’s not an option, but a necessity. Sadly, if you ask 100 people why they buy life insurance,

RBI draft norms on rationalisation of MDR for debit card transactions: What has changed?

The Reserve Bank of India has decided to amend the Merchant Discount Rate (MDR) on debit card transactions on the basis of merchant turnover rather than the present slab-rate based on transaction valu

NITI Aayog launches Lucky Grahak Yojana and Digi-Dhan Vyapar Yojana to incentivize digital payments

The Government of India has initiated numerous steps to combat the scourge of corruption and black money in the last two-and-a-half years. The Union Cabinet had approved a slew of initiatives in Febru

Your first home on 20-year loan to cost up to Rs 5.28-lakh less now

Giving muscle to affordable housing across the country, the Union government has recently announced two new slabs of interest subvention. Previously, the subsidy was allowed to people earning up to Rs

5 ways to keep your money safe while doing cashless transactions

We are making lots of cashless transaction nowadays but are we aware of the safety measures? Making payments online is a very good step to follow as it helps you in maintaining a budget while tracking

SEBI likely to allow mutual funds to trade in commodities soon

With an aim to deepen the nascent commodity market, SEBI is likely to give mutual funds the go-ahead to trade in commodity markets in a month, while the regulator is also in talks with the RBI to allo

Should you buy a health cover even if your employer is covering you?

There is no better incentive/perk than a group health insurance provided by an employer to his/her employee, considering the rising cost of medical treatments in India. A group health cover is extende

Aadhaar card made compulsory for EPF: Get enrolled for it by following 4 steps

All individuals who have not received their Aadhaar cards yet, or haven't even enrolled themselves for the Aadhaar card, need to get up and immediately get their cards made from the Aadhaar Seva Kendr

What are the rules for claiming LTC? Here are four things to know

Who doesn't want to travel when one's travel expenses are being borne by one's company? Yes, many organisations provide perks and benefits to their employees which are reimbursed in the form of remune

LTC 80, LTC rules, LTA, leaves, leave travel allowance, travel, ticket fare, price, lta tax benefit

All public sector banks to join BHIM by February-end

BHIM is the common platform across the nation for making simple, easy and quick payment transactions using Unified Payments Interface (UPI). Keeping this in view, the National Payments Corporation of

Aadhaar Updates: UIDAI demonstrates zero tolerance against unauthorized agencies and websites

Demonstrating zero tolerance to unauthorized websites and mobile applications providing Aadhaar-related services illegally by charging excessive money from the public, Unique Identification Authority

Looking for home loan? 10 reasons why your loan application may get rejected

More and more people are aspiring to purchase property. Property prices are going up, banks are fighting the increasing number of NPAs, and getting a home loan can be a challenge even if you have chan

How to maintain an emergency fund? 5 things to know

Financial planning involves maintaining an emergency fund, which means everyone who is earning and also have dependents, should keep some amount secured to meet a sudden demand. If by any chance some

emergency fund, money, investment, liquid funds, liquid, savings, financial planning

Want to invest in equity instruments? Here are 3 ways

Your investments should be well diversified and properly reviewed from time to time. When we talk about reviewing equity investments, it simply means that any equity investment requires an adequate in

Going to buy your dream home? Here’s all you need to know about property purchase plans

For some time now, developers have been offering a variety of payment schemes to attract buyers. It is, however, imperative that buyers understand what each payment plan entails.

Non-food credit growth ebbs to two-decade low of 4.76%

The growth in non-food credit slowed to an at least two-decade low of 4.76% year-on-year (y-o-y) during the fortnight ended February 3, according to data released by the Reserve Bank of India (RBI).

Private banks’ provisions up 75% in Q3, PSBs see 17% fall

Total provisions – money set aside as buffer for all loans – of 16 private sector banks rose 75% year-on-year (y-o-y) to R9,473.74 crore in the December quarter, while provisions of 23 public sect

Insurance reach may cross 4% by FY17-end: Assocham

The Associated Chamber of Commerce and Industry of India (Assocham), in the latest paper, has revealed that insurance penetration in India is likely to cross 4% by the end of this financial year.

Pension Fund Regulatory and Development Authority of India to hire retirement advisers to tap NRI base

PFRDA is planning to hire retirement advisers for popularising pension plans like NPS among Non Resident Indians, especially in the Gulf.

Have you got a notice from I-T Dept for large deposits? Here’s what you need to do

As part of the Income Tax Department’s Operation Clean Money, as many as 18 lakh taxpayers had been asked to explain large deposits made by them in the weeks after demonetisation. Taxpayers were ale

House prices likely to dip further: When should you buy your dream home?

One of the factors why some people are deferring the purchase of their dream homes for some time now is their belief that the prices of residential units will fall further in the wake of the current s

home loan, demonatisation, SBI hoam loan rate cut, interest rate, MCLR rate, income tax act, budget, house purchase

Here’s how you can transfer your PPF account from one post office to another

At the start of their career, most people open their PPF accounts in the nearby post offices for the convenience of depositing money. But it becomes difficult for them to visit the same branch again a

PF account, PPF, EPFO, transfer of account, post office account, PO, post office

Indian securities market witnessed significant developments in past few years, says Jaitley

Finance Minister Arun Jaitley interacted with the members of the SEBI Board and senior officials of SEBI in New Delhi today. Arjun Ram Meghwal, Minister of State for Finance, Shaktikanta Das, Secretar

5 scenarios where your motor insurer may reject your claim

A lot of efforts and analysis go into buying insurance for your car. After a thorough research you buy the best motor insurance policy for yourself, which has features like zero depreciation, 24X7 roa

zero depreciation, engine protection, no claim bonus protection, NCB 
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