The Employees’ Provident Fund (EPF) is a retirement savings scheme supported by the Central government, accessible to all salaried employees and private sector workers. Each month, an employee contributes 12 percent of their basic salary and dearness allowance towards EPF savings, with the employer matching this contribution. The Employees’ Provident Fund (EPF) interest rate is…
Amid the rising number of online fraud cases nationwide, the Pension Fund Regulatory and Development Authority (PFRDA) is set to revamp the current login process for National Pension System (NPS) accounts by April 1, 2024. The pension regulatory body recently announced an enhanced security system. They have implemented a two-factor Aadhaar authentication and made the…
A passport is an essential document that confirms the identity and nationality of its holder, allowing for travel for leisure, business, or educational purposes. It remains valid for ten years from the date of issue for adults, after which renewal is required. The renewal process can be initiated up to three years after expiry or…
Recently, the Life Insurance Corporation of India (LIC) introduced a new investment plan called the LIC Index Plus Plan. This plan is for individuals and involves regular premium payments. According to LIC, the plan provides both life insurance coverage and savings for the entire policy term. After the initial five-year lock-in period, policyholders have the…
Petrol, Diesel Prices Cut Today On March 15, 2024: In a big relief to common people, the Central government has slashed petrol, and diesel prices across the country ahead of the Lok Sabha Elections 2024. The Union Ministry of Petroleum and Natural Gas announced the price cut decision on March 14 via social media platform…
In case your credit score is poor, there are a number of steps that you may take to start improving your creditworthiness. These include reducing your credit card debt, addressing delinquent accounts, refraining to open new accounts, applying for a secured credit card, among others. These are some of the steps recommended to take:Credit report:…
The deadline to update your Aadhaar card for free is about to end. In December 2023, the Unique Identification Authority of India (UIDAI) extended the deadline for free updation of Aadhaar. The deadline for free updation of an Aadhaar card is 14 March. At present, one can update their Aadhaar card for free only on…
What is the typical approval timeline for a personal loan? This question lacks a specific answer as it varies among different lenders. Factors affecting loan approval timelineThe approval duration for a personal loan can fluctuate based on various factors, including: The lender: Online lenders tend to be the swiftest, with approvals occasionally occurring within minutes….
The tax calendar provided by the Income Tax Department (IT department) in outlines crucial deadlines concerning taxes, including the submission of income tax returns, payment of advance tax, and tax deductions at source. Failure to meet these deadlines could result in late payment fees and penalties. Understanding the tax calendar is vital for upholding financial…
Google continues to battle app developers in India over its Play Store fees and this week, the company has decided enough is enough. Google has released a strongly-worded post, wherein it has talked about 10 companies not complying with its policies which means, not paying Google its Play Store fees. Latest development in this story…