In the past couple of years, mutual funds have gained huge popularity in India and the major credit for that goes to the exceptional performance provided by these schemes & the huge variety of options available for investments. The popularity of the mutual fund industry can be observed from the 2.52 crore active SIP accounts […]
Real Experiences
How to exchange Old Currency Notes? | Soiled or Damaged Bank Notes – Latest Refund rules
The word ‘rupee’ has been derived from the Sanskrit word rupyakam, meaning a silver coin. It owes its origin to rupiya, issued by Sher Shah Suri in 1540-45. Today, the Reserve Bank of India issues currency under the RBI Act 1934. The first currency (bank) note of Rs 5 was issued by the RBI in […]
Latest Sovereign Gold Bonds Issue FY 2018-19 : Details, Features & Review | Series II to Series VI
Sovereign Gold Bonds Scheme is an indirect way of investing in Gold. Instead of buying physical gold, investors can buy gold in paper form through Sovereign Gold Bonds. These bonds track the price of gold, plus an extra interest amount is paid on the investment. The Reserve Bank of India, in consultation with the Government of […]
Where all Aadhaar is needed to be linked? | Supreme Court’s latest Judgement
Aadhaar card has become a hot topic of discussion in India. Government of India is linking each and every aspect of life to Aadhaar, be it your PAN, Bank account, EPF UAN, Mutual Fund Folios, Demat Account, Insurance Policies, Mobile Number, Govt Subsidies (like LPG), Death Certificate etc., However, the Supreme Court has earlier extended the March […]
RBI’s statistical data on Indian Households Savings & Investments (2017-18) | 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 – 2018‘ on 15th Sep, 2018. 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 […]
How to check if my Employer is depositing EPF amount with EPFO / Trust?
All the companies (establishments) which employ 20 people or more have to compulsorily deposit EPF dues every month. After deducting the Employee Provident Fund from the employee’s salary, the employer HAS to deposit the money with EPFO (Employees Provident Fund Organization). It is a crime if an employer does not deposit the EPF money. An employer can be jailed […]