The Reserve Bank of India’s proposed lightweight payment and settlement system (LPSS) will introduce a paradigm shift in the Indian payment landscape. In its annual report for 2023-24, the central bank has unveiled its plans for LPSS. The need for lightweight payment and settlement system (LPSS)The central bank said that this payment system can be…
EPF vs PPF Comparison: Retirement plans supported by the government provide individuals with diverse avenues to invest in their future financial stability. Among these options, the Employee Provident Fund (EPF) and Public Provident Fund (PPF) stand out as favoured choices for individuals aiming to fortify their retirement funds. Each scheme comes with distinct withdrawal regulations,…
A Step-By-Step Guide On How to Update Nominee in Mutual Funds Online: Even as markets regulator Sebi has made it mandatory for all demat account holders to either furnish nomination declarations or opt out of nominations by January 1, 2024, mutual fund investors and demat account holders need to nominate someone before the deadline ends….
Banks Holiday In December 2023: During the month of December, banks in India will remain closed for a total of 18 days. Individuals planning to visit the bank for urgent matters should be mindful of the specified holiday dates. It’s important for bank customers to note that although physical branches will be closed on these…
EPFO news: If you are a private sector employee, you have time till June 26, to opt for a higher pension under the Employees’ Pension Scheme (EPS) run by the Employees’ Provident Fund Organisation (EPFO). Although the taxpayers have a sufficient window to opt for the higher pension under EPS. But they should note that…
Mutual funds investment: Amid Indian stock market climbing to a new peak in recent sessions, most of the benchmark indices including small-cap index has surged to record high levels, delivering stellar return to the equity investors. However, for surprise to some fresh mutual fund investors, some asset management companies (AMCs) declined to receive fresh lump-sum…
The Employees’ Provident Fund Organisation issued a circular regarding certain issues employees/pensioners were facing while applying for higher pension from the Employees’ Pension Scheme (EPS). The circular issued by the EPFO clarifies three issues: A) what will happen once the joint application form is submitted, B) what if there is an error in the joint…
Collector Office Mumbai Suburban 2023 Jobs Recruitment Notification. Collector Office inviting applications for the positions of Law Officer. Interested and Eligible candidates can apply for the positions. Last Date for Submission of Application is on 10th July, 2023. No.of Posts and Vacancies :-Law Officer – Various Posts Qualification:Candidates should be Law Graduates and hold Sanad…
DOT 2024 Jobs Recruitment Notification.Department of Telecommunication inviting applications for the positions of Assistant Director, Junior Telecom Officer.Interested and Eligible candidates can apply for the positions. Last Date for Submission of Application is on 22nd May, 2024. No.of Posts and Vacancies :-Assistant Director: 1 PostJunior Telecom Officer: 3 Posts Qualification:Assistant Director: As Per NormsJunior Telecom…
Aadhaar, a 12-digit unique identification number, serves as a unified platform for online and offline identity verification for residents nationwide. Individuals can electronically or through offline means authenticate their identity credentials using their Aadhaar number. This unique identifier enables residents to access a wide array of government services, banking facilities, telecom services, and more. UIDAI…