What are the restrictions on transferring the balance accumulated in an Employee Provident Fund (EPF) to an non-resident ordinary (NRO) account? My attempt to deposit my PF amount into my non-resident external (NRE) account was rejected by the bank. Also, one of the bank employees said it cannot be deposited in my NRO account either….
Employees’ Deposit Linked Insurance Scheme (EDLI) is intended specifically for salaried workers in the private sector offered by the EPFO. This system works in tandem with the EPF and the Employees’ Pension Scheme (EPS). If an accident occurs during the individual’s active service time, the nominee will get a lump-sum insurance pay-out. According to the…
New bank locker rules: The State Bank of India has asked its customers availing locker facilities to reach out to their branches, and implement the revised or supplementary locker agreement as applicable. “We request our esteemed customers to contact their locker holding branch and execute the revised/supplementary locker agreement as applicable,” SBI tweeted sharing the…
Petrol and diesel prices were constant on Wednesday, June 14 across New Delhi, Kolkata, Mumbai, and Chennai. The petrol and diesel rates for each day, whether new or unchanged, are announced at 6 am on the day. These, however, vary from state to state due to value-added tax (VAT), freight charges, local taxes, etc. Today…
The due date to file income tax return (ITR) by individual taxpayers who are not subject to tax audit under the Income-tax Act,1961 for the FY 2022-23 (AY 2023-24) is July 31, 2023. This article explains the most efficient way to file the return in Form ITR-1, including illustrative examples for easy reference. Who can…
The deadline for linking PAN and Aadhaar was in order to provide taxpayers more time. The Central Board of Direct Taxes (CBDT) made the extension announcement via a press release dated March 28, 2023. When is the last date to link PAN-Aadhaar? The last date has been extended to June 30, 2023. PAN-Aadhaar linking fine…
UIDAI is encouraging residents to upload address documents online for revalidating Aadhaar, which is free of cost on myAadhaar portal, only till June 14, 2023. Individuals who have updated their Aadhaar before 10 years or more, should try and make use of the free update option. According to the UIDAI tweet, “Keep Demographic Details Updated…
Microsoft announced the introduction of enhanced security features for Windows 11. These include updated app privacy settings and a new feature called “glanceable VPN.” According to Microsoft, the new privacy settings provide users with full visibility and authority over their personal information. “Stay focused and securely connected with the glanceable VPN feature. A small shield…
Fixed deposit (FD) interest rates are at their peak, and experts say that the rates will not go up further. However, with RBI’s rate pause for the second time in a row, it looks quite eminent that banks will not hike the interest rate on these deposits any further. Some banks have started cutting their…
Amazon has launched a fresh sale called Apple Days, featuring significant discounts on popular iPhones. The sale is currently underway and will last for a week. Those interested in purchasing the new iPhone 14 at a more budget-friendly price can visit the website and take advantage of the offer before June 17. The sale includes…