UPI-based payment applications for smartphones through which a payee also receives cashback and interesting offers for making UPI payments to merchants. This payment system is rapid and very easy to use, but onlyone question creates doubt among users.That is, What is the transaction limit for making UPI payments? They want answers about both daily and…
My wife and me have life insurance policies of ₹25 lakh each. My wife does not have any income. Can I claim deduction u/s 80C in respect of the premium paid for her?. Premiums paid by an individual for life cover taken for self, spouse, and children are eligible for the deduction u/s 80C. As far…
NPS scheme: The Pension Fund Regulatory and Development Authority (PFRDA) issued a circular, mandating NPS subscribers to upload a few documents effective from 1 April 2023. The pension body mentioned that uploading these documents would ensure timely annuity income payments. Documents to be Uploaded for Quick Distribution of Annuity IncomeAs per the PFRDA’s circular, certain…
Not many investors know whether they have invested in the right funds and if their fund portfolio is on track. The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance…
Petrol, and Diesel Prices Today: Fuel prices in four major metro cities on Thursday, April 27, 2023, remained unchanged. Except for individual cases, petrol and diesel rates across the country have been steady since May 21 last year, when the previous pan-India revision was announced. However, many cities saw petrol prices above Rs 100 mark….
With just less than a week left for individuals to apply for higher pensions under the Employees’ Pension Scheme (EPS), the Employees’ Provident Fund Organisation (EPFO) has issued new details for scrutiny of information and wage details submitted by the employee and employer for higher pension. The EPFO issued a circular on 23 April in…
I am 55 years old and plan to take voluntary retirement very soon. How do I best evaluate the insurance policies to ensure I am getting the best value for money when planning for retirement? Planning early for your retirement and accumulating a corpus is an important step towards securing your financial future and ensuring…
Indian Post Office offers many small savings schemes which are popular among senior citizens and risk averse individuals. Interest rates on these small savings schemes are revised every quarter by the government of India. As of now, the India Post offers 10 schemes catering to the different needs of individuals and their investment goals. Post…
Many users who were unable to view their passbooks online on the EPFO-specific portal reported that the facility to access and download Employees’ Provident Fund (EPF) passbooks through the portal has not been functional for the past few days. However, EPFO, on its website, has said that members can view their passbook on the UMANG…
EPF Passbook: The facility to access and download Employees’ Provident Fund passbook through EPFO portal is still not working. Several PF subscribers raised the issue on social media and highlighted that the e-passbook is not accessible on the dedicated portal of the EPFO. EPF passbook is a facility that shows you your EPF account balance,…