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The last date to link Aadhaar with PAN is June 30, 2023, and if you are some one who has not linked PAN with Aadhaar, you should do it immediately before the deadline to avoid consequences. According to the Income Tax department press release, “In order to provide some more time to the taxpayers, the…

The stock market has become volatile lately. If you are a conservative investor looking for equity mutual fund schemes to achieve your long-term goals, you should consider investing in large cap mutual funds. However, before that you should acquaint yourself with large cap mutual funds and the prevailing conditions in the stock market. First, large…

The Reserve Bank of India (RBI) recently announced a ‘100 Days 100 Pays’ campaign for banks to trace and settle the top 100 unclaimed deposits of every bank in every district of the country within 100 days. The banks will start the campaign on June 1. What are unclaimed deposits? The balances in savings or…

The National Pension System (NPS) is a government run scheme that is aimed at creating retirement benefits of workers in both public and private sectors. The voluntary contribution pension scheme is managed by Pension Fund Regulatory and Development Authority (PFRDA), a statutory body under the Union Finance Ministry. The scheme has been launched for retirement…

7th Pay Commission: The Railway Board has announced that it has revised the dearness allowance for its employees from 42 percent to 46 percent of the basic pay effective from July 1, 2023. In a circular from the Board dated October 23, 2023, to the General Managers and Chief Administrative Officers of All India Railways…

Senior Citizens Saving Scheme (SCSS Scheme) accounts are available to anyone over 60, 55 for retirees on superannuation, under a voluntary or special voluntary scheme, or 50 for retired members of the armed forces (with the exception of civil defence staff). Under this scheme, depositors are permitted to open several accounts, with a total maximum…

The Centre on July 24 accepted the recommendation of the Central Board of Trustees (CBT) of the Employees’ Provident Fund Organisation (EPFO) to increase the interest rate of deposits in Provident Fund (PF) to 8.15%. The new rate will be applicable for this financial year. Retirement fund body EPFO on March 28, 2023, had marginally…

According to Ritesh Shukla, the CEO of NPCI International Payments Limited (NIPL), he anticipates that it will take approximately three to four months for the Unified Payments Interface (UPI) to become operational in France. As reported by ANI, Ritesh Shukla said that India and France have just signed the agreement and Prime Minister Narendra Modi…