Department of Posts has recently launched a new India Post Mobile Banking app. Through this mobile App, post office customers can make deposits into their PPF accounts (Public Provident Fund) and other Small Saving Time Deposit Accounts online. Post office account holders can also transfer funds from their savings accounts to own linked PPF accounts […]
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Liquid Mutual Funds New Exit Load Structure w.e.f Oct 2019
The Securities and Exchange Board of India (SEBI) has formalized a graded exit load structure on Liquid Mutual Funds. It has also stated that the load structure will be reviewed annually by AMFI, in consultation with SEBI. As of now, exit load is not applicable on Liquid mutual fund redemptions. What is an Exit Load in Mutual […]
PAN Card Lost or Damaged? | How to get new PAN Card online?
PAN card or Permanent Account Number is one of the most crucial and important documents for the citizen of India. It is not only used for tax purposes but also as an identity proof. The card includes a unique ten-digit alphanumeric number and is issued in a form of a laminated card. (You can also get e-PAN now.) Losing PAN card is a common occurrence for many taxpayers in India. If your PAN card […]
Post Office Small Saving Schemes Interest rates Oct – Dec 2019 | Q3 of FY 2019-20
The Reserve Bank of India (RBI) has recently released its third bi-monthly rate review of financial year 2019-20. The key announcement under the policy is the rate cut by 35 basis points(1 bps is 0.01%). This is the fourth consecutive rate cut from RBI , after a rate cut in February, April and June of calendar […]
EPF Withdrawal Claim Form 15G – How to submit Form 15G online to avoid TDS on PF Payment?
In 2015, the EPFO had issued a notification that TDS would be applicable on EPF full withdrawal Claims where accumulation (balance) is more than Rs 30,000 and the EPF member (Employee) has worked for less than Five years. The TDS threshold limit has later been raised to Rs 50,000 in 2016-17. So, TDS is not applicable if the PF withdrawal amount […]
RBI’s statistical data on Indian Household Investments & Savings (2018-19) | How & Where do we save & invest?
The Reserve Bank of India (RBI) has released the latest volume of its annual statistical publication, ‘Handbook of Statistics on the Indian Economy – 2019′ on 15th Sep, 2019. 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 […]