“RBI (Reserve Bank of India) has cut interest rates.” “RBI has increased the interest rates.” “RBI keeps the key rates unchanged..“ Have you heard or seen these kind of headlines? Hmmm, I am sure you might have…. So, what are these interest rates? How are they going to impact our finances? Let […]
Fixed Income (Bank FDs,RDs,PF etc)
All you need to know about EPFO’s Universal Account Number (UAN)
The Employees’ Provident Fund Organization (EPFO) has issued around 41.7 million Universal Account Numbers (UANs). Also, the EPFO is expected to launch its scheme on making Provident Fund numbers portable on 23rd,September 2014. So, it is advisable to know – What is UAN? How to activate UAN registration? What is the procedure to update KYC […]
Employees’ Pension Scheme – Amendments and new benefits
The Central government has notified the much-awaited minimum monthly pension of Rs 1,000 per month to the Employees’ Pension Scheme holders. This scheme is managed by EPFO (Employees’ Provident Fund Organization). Employees Provident Fund & Employees’ Pension Scheme: Every month 12% of your “salary” is contributed towards EPF account. Your employer also contributes 12% of […]
Bank Deposit Insurance Scheme : Are you aware of this interesting fact?
We opt for Bank deposits because they offer, 1) safety and 2) guaranteed returns. Bank deposits can be Fixed Deposits, Recurring Deposits, and Bank balances in Savings or Current accounts. Fixed Deposits and Recurring Deposits are the most popular financial saving tools in India. It is not an exaggeration to say that most of us […]
