ULPs have become more consumer-friendly. But do you really need one?
EPFO manages a corpus of over Rs 8.5 lakh crore and its subscribers' base is over five crore at present.
The return from the ETF investment will be more than the 8.75 per cent the EPFO offers to subscribers now.
Trade unions' had demanded 8.9 per cent interest rate.
Power of compounding clubbed with a matching contribution from your employer every month can do wonders for you.
The bond, which the Reserve Bank of India started issuing on behalf of the Union government in 2003, was considered one of the safest savings instruments for retail investors.
The Public Provident Fund is one of the safest and convenient modes of investment.
Every bank offers a different slab of minimum balance to customers, based on which 'free services' are provided
EPFO had started allotting UAN numbers in July 2014.
Still the Reserve Bank of India will operate as usual and can provide funds via its overnight repo window, traders also said.
Wealth management seems to have moved from family office solutions to CXO office solutions.
Labour Ministry has notified new investment pattern for EPFO.
Proposal to raise the rate from 8.5 per cent to 9.5 per cent had come from the Central Board of Trustees of the Employees Provident Fund Organisation.
As on July 31, the valuation of his shareholding in the company stood at Rs 9,830 crore.
If the spouse is the guarantor of husband's business loans, banks can hold her liable for default. Here are ways to ring-fence her assets.
'As the growth momentum reverses benefiting from re-monetisation, it will be accompanied by a rise in inflation.'
If your EPF account has been lying dormant for more than three years that you must sit up and take notice. Else you may not earn interest on it.
Former Congress MP Y S Jagan Mohan Reddy said it would be a mistake to let the Congress government in Andhra Pradesh continue, as it did not care about public interest involved in the issues such as tuition fees reimbursement scheme.
Conservative investors and those in the lower tax bracket should opt for these, experts tell Sanjay Kumar Singh
While looking to give a boost to the mutual fund sector with some contribution from about Rs 5.5 lakh crore (Rs 5.5 trillion) corpus being managed by Employee Provident Fund Organisation, Sebi feels that age restrictions would safeguard investors from 'unnecessary risks' during years closer to their retirement.
Finance Minister Pranab Mukherjee will soon give the green signal to the payment of 9.5 per cent interest rate on provident fund deposits during 2010-11, a senior government official said on Tuesday.
Subscribers of retirement fund manager EPFO, settling their final claims before the new rate is announced for the current fiscal, will get the existing 9.5 per cent interest on their deposits.
The CJI said that after being a judge for around two decades, he had a bank balance of Rs 6.80 lakh.
As the Centre faces multiple hurdles, BJP-governed states such as Rajasthan, Madhya Pradesh and Gujarat have swiftly moved in to usher in radical reforms as they aim to take a larger share of the FDI pie.
Those who get less than Rs 1,000 a month include 22 lakh (2.2 million) member pensioners and 5 lakh widows as on March 31, 2013.
Without Form 16, tax computation becomes cumbersome
'The package is for the distressed farmers who are committing suicide due to the severe drought,' Nitin Gadkari tells Arup Roy Choudhury and Sanjeeb Mukherjee.
Often criticised for offering less attractive interest rates than banks for most of the last five years, retirement fund manager EPFO hiked the annual rate of returns on employee provident funds to 9.5 per cent in 2010 and this time around, the banks were left behind.
Thanks to Nagpal's effort to point out the calculation errors, EPFO managed to spot some additional resources to increase the interest rate.
Here's what you must know about filing your tax returns.
The methodology will be announced later this week.
There is no ignoring the respectable returns given by National Savings Certificate, which are not only assured, but also tax-exempt under Section 80C and government-guaranteed.
'Individuals have been found providing money to major terrorist groups, Hurriyat leaders, separatists and stone-pelters in Jammu and Kashmir.'
The move can help mop up about Rs 1.2 lakh every day for the purpose.
The panel, to be headed by Reserve Bank of India Deputy Governor Shymala Gopinath, will review the structure of the National Small Savings Fund and give recommendations on making schemes more flexible and market-linked.
On maturity, 40 per cent of the accumulated corpus can be withdrawn tax-free.
While it is suggested that withdrawals and loans against long-term instruments are not the wisest steps, if you really need to do so, here are a few options. . .
PPF fits all portfolios, except those earning basic pay of over Rs 8.3 lakh yearly.
Many hurdles that investors could have faced after enrolling for the scheme have been removed.
Individuals could soon lose tax benefits available on fixed deposits with an over five-year term once the direct taxes code comes into force from April 2011.
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