When Karthik’s father had a medical emergency, he decided to pursue one of the many loan/credit card offers he receives on a daily basis. Initially, all looked positive as the over-enthusiastic bank representative excitedly pointed all the benefits Karthik would receive and how this was truly the best decision of his life. However, Karthik was […]
Archives for September 2017
New EPF Composite Declaration Form-11 for automatic EPF Transfer on change of Job!
EPF Form 11 is a declaration form which has to be submitted by an employee when taking up new employment in an organization which offers EPF Scheme (Employees Provident Fund). This form contains basic information regarding the employee like – name, date of birth, contact details, previous employment details, KYC (Aadhar, Bank account, PAN etc) details. As of now, […]
How Technology is Redefining the Financial Services Industry – As we know it today!
Technology today is rapidly changing the world around us. The wide-spread availability of internet enabled mobile phones has helped the common man to reap the benefits of technological advances in all streams around them. A consumer today can hail a cab conveniently using the smart-phone instead of waiting forever for the public transport to arrive. […]
RBI’s latest data on Financial Savings & Liabilities of Indian Households (2016-17) | How & Where do we save & invest?
The Reserve Bank of India (RBI) has released the nineteenth volume of its annual statistical publication, ‘Handbook of Statistics on the Indian Economy – 2017‘ on 15th sep, 2017. Through this publication, the Reserve Bank has been providing time series data on various economic and financial indicators for the Indian economy. You can find lot […]
Aadhaar number & Multiple Bank Accounts | Linking Status & Govt’s Subsidy
The Central government in one of its recent notifications (dated 1st June, 2017) has asked all the Financial institutions, including Banks, to verify and link Aadhaar numbers of their customers with their bank accounts. If you have multiple Bank accounts, you need to link all your Accounts to your Aadhaar number. It is now mandatory […]
Fake GST Bills? | How to verify GSTIN number & GST Slab Rates of Goods & Services?
GST has been considered as one of the most important tax reforms post-independence. India’s biggest tax reform is now a reality, as it has been rolled out with effective from 1st July, 2017. Now, its successful implementation at the ground level is what matters the most. Any major reform has its own implementation challenges. Given the complex GST structure in India, it is even more […]
