Under Passport Seva 2.0, the government has also started e-passport with new technology. E-passports will be much more secure than traditional passports and the chances of fraud with it will be almost negligible. Today we will learn in detail about e-passport here, how it will be beneficial for the common people. Along with this, we will also know why it is so important and necessary in the current circumstances?

What is e-passport

The e-passport launched by the Government of India is an advanced and secure passport, which will come with a special electronic chip. All your important details like name, father’s name, address, date of birth etc. along with your biometric details like fingerprint, retina scan and face photo etc. will be stored safely in this chip. With this new e-passport, it will become very easy and fast to identify passengers at the airport. Airport officials will be able to easily read all your details by inserting the chip of the e-passport in the machine. The special thing about this e-passport of India is that it has been made keeping in mind the standards of the International Civil Aviation Organization.

Also Read: PF Interest Credit: EPFO ​​has started depositing interest money in PF accounts, check passbook immediately

What benefits will common people get from e-passport

E-passports have been made with the help of a new and advanced technology. They will be very secure in terms of security, due to which any kind of fraud will be very difficult. Not only this, making duplicate or fake copy of e-passport will also be almost negligible. Reading the e-passport will be very easy and it will take very less time, due to which you will not have to wait for a long time in immigration at the airport and you will save a lot of time.

What is the need for an e-passport?

Keeping in mind today’s time, e-passport has become very important and necessary. E-passport will not only provide tremendous security to your data but no one will be able to misuse your identity and this very important document.

Most Read Articles:-

• PF Interest Credit: EPFO ​​has started depositing interest money in PF accounts, check passbook immediately

• Bank Holidays: Banks will remain closed for four days from today, check the complete list of bank holidays

• ITR Verification Rule: Verification is necessary after filing the return, heavy penalty will be imposed on default

• ITR 2025: Giving wrong information in ITR can lead to jail, know what are the rules…

• IMD Red Alert: Stay where you are, don’t leave your home, disaster red alert issued…

The post What is e-Passport and how will it benefit the common people? Why is it so important? first appeared on Rightsofemployees.com.

When was the repo rate reduced before this

Today was the last day of the meeting of the Reserve Bank’s Monetary Policy Committee (MPC) which began on Wednesday, June 4. In this important meeting held under the leadership of Reserve Bank of India Governor Sanjay Malhotra, it was decided to reduce the repo rate. Let us tell you that many experts had predicted a 0.25 percent cut in the repo rate. RBI has cut the repo rate 3 times in a row this year. Earlier on February 7, RBI had cut the repo rate by 0.25 percent, reducing it from 6.50 percent to 6.25 percent. After this, the Reserve Bank also cut the repo rate by 0.25 percent on April 9, due to which the repo rate was reduced from 6.25 percent to 6.00 percent.

After 5 years, the repo rate was cut in February 2025

Let us tell you that in February 2025, the repo rate was reduced for the first time in a long period of about 5 years. Before February 2025, RBI had cut the repo rate in May 2020. At that time, the Reserve Bank of India had cut the repo rate by 0.40 percent (40 basis points) to boost the country’s economy during Covid. RBI had increased the repo rate to 6.5 percent in June 2023. After June 2023, there was any change in the repo rate for the first time in February 2025.

Know what will be the benefit to common people

This decision of RBI will provide great relief to crores of common people of the country. Due to reduction in repo rate, they will now get home loans, car loans, personal loans at comparatively cheaper interest rates. Due to cheaper loans, people’s EMIs will also decrease and they will now be able to save more. Not only this, common people will be able to fulfill their other needs or spend more on other things with the savings in EMI. Let us tell you that the country’s economy becomes stronger due to increased demand and consumption.

The post Reserve Bank cuts interest rates by 0.5%, know what will be the benefit to common people first appeared on Rightsofemployees.com.

This system has currently started as a pilot project in Delhi and in this, complaints of online fraud of more than Rs 10 lakh will automatically be converted into FIR. The government’s aim with this initiative is to take immediate action against cyber criminals and save time in investigation.

Complaints of cyber financial fraud of more than Rs 10 lakh will now automatically turn into FIR. This facility will be applicable to complaints made on 1930 helpline or National Cyber ​​Crime Reporting Portal (NCRP). This new system has been started in the name of e-Zero FIR, which has currently started as a pilot project in Delhi. Amit Shah said that this will make rapid investigation and action possible and criminals can be caught soon. In the coming time, this system will be implemented in the entire country.

The Home Minister wrote in his X (formerly Twitter) post that the Modi government is working rapidly towards a cyber safe India. This new system will play an important role in curbing cyber criminals.

What is e-Zero FIR?

An official said that complaints of fraud of more than 10 lakhs registered on NCRP and 1930 will now automatically be converted into zero FIR. This FIR will be registered in Delhi’s e-crime police station and then sent to the cyber police station of the concerned area. The complainant will have to go to the concerned cyber police station within three days and convert the zero FIR into a regular FIR. In this process, I4C (Indian Cyber ​​Crime Coordination Centre), Delhi Police’s e-FIR system, and NCRB’s Crime and Criminal Tracking Network have been linked together.

legal basis

This initiative has been launched under Section 173(1) and 1(ii) of the Indian Civil Security Code. Delhi Police and I4C have jointly created this new system so that the affected person can get his money back quickly and the culprits get strict punishment.

What will be the benefit?

Making a complaint will be easier

FIR will be filed immediately

Recovery of fraudulent money will be easy

Immediate action against criminals

The post Government started e-Zero FIR service, know how common people will benefit first appeared on Rightsofemployees.com.

This can increase their salary and pension significantly. However, recently it was reported that pensioners retiring before January 1, 2026 will not get the benefit of the 8th Pay Commission, which created confusion in the minds of the employees. According to reports, the government may divide the pensioners into two parts – one who retired before January 2026 and the other who will be after that.

On this, Finance Minister Nirmala Sitharaman replied in Rajya Sabha and said that pensioners need not fear. She clarified that the changes made in the Finance Bill are only for validation of the old rules. There will be no reduction in pension benefits due to this. She also said that all pensioners got equal benefits in the 7th Pay Commission, irrespective of the date on which they retired.

Sitharaman said that there was definitely a difference in the 6th Pay Commission, but in the 7th Pay Commission, all pensioners were given equal pension. The same policy will be adopted in the 8th Pay Commission so that no employee or pensioner is left behind.

At present, discussions are in full swing regarding the fitment factor. According to experts, it can be up to 2.00, 2.08 or 2.86. If 2.00 is approved, the minimum wage will increase from Rs 18,000 to Rs 36,000 and the pension will increase from Rs 9,000 to Rs 18,000. There have been indications from the government that the 8th Pay Commission will be beneficial for both employees and pensioners. Now all eyes are on when the government implements it and how much salary it increases.

Related Articles:-

EPFO Claim Update: No need for cancelled cheque and verification to withdraw money From PF A/c

Bank merger Update: Central govt has announced the merger of several Regional Rural Banks (RRBs), issued a gazetted notification

7th Pay Commission: Central govt has taken a big decision for central employees, check details

The post 8th Pay Commission: THESE pensioners will not get the benefit of 8th Pay Commission? Know all details first appeared on Rightsofemployees.com.

Now those women who are residents of Delhi will get the benefit of free bus travel in Rajdham. The second condition is that women of Delhi will have to register to avail this facility. Now this means that if any woman comes from any other state, then she will not get the benefit of this facility. The government has made preparations to issue lifetime smart cards for women.

Women will have to register to get a lifetime smart card. The registration process for this will also start soon. Till now women have to buy pink tickets to travel free in Delhi’s DTC buses, but now they will have to get a smart card. In this way, women will not have to buy pink tickets again and again. Through this, women will be able to travel easily.

Get rid of pink corruption

This decision has been taken after the recent assembly statement of state CM Rekha Gupta. In this, she had alleged corruption in the ‘pink ticket’ system under the previous Aam Aadmi Party (AAP) government. Gupta said that we are committed to providing this service to women. Corruption will not be tolerated. We will launch digital travel cards for women. This will eliminate the ‘pink corruption’ associated with physical tickets. CM Rekha said that the new digital card will provide women the facility to travel in public buses at any time. Transparency will be brought by eliminating irregularities in the ticketing process. Gupta stressed on upgrading the entire system to make this system even better.

Free bus service started in the year 2019

Let us tell you that the ‘Pink Ticket’ scheme was started by the AAP government in the year 2019 on the occasion of Bhai Dooj. Under this scheme, women were given the facility to travel free in Delhi Transport Corporation (DTC) buses. Women are given pink tickets for single travel, which cost Rs 10 per ticket. The Delhi government bears this cost and bus companies are compensated based on the number of tickets issued. This has increased the number of women passengers in Delhi government buses.

Related Articles:-

Shops Closed: Govt has ordered to keep shops closed in this district of THIS state on April 10

School Holiday: Make a travel plan this month, see how many days schools will be closed

No Need THESE 2 Documents Verification For PF Fund Withdrawal Online

The post DTC Free Bus Service: Delhi govt started lifetime smart card, only these women will get benefit first appeared on Rightsofemployees.com.

Union Labor and Employment Minister, Dr. Mansukh Mandaviya said that this will directly benefit crores of people associated with EPFO.

8.78 crore people will get this benefit

At present, more than 8 crore people are members of EPFO ​​and there are more than 78 lakh pensioners. In such a situation, a total of 8.78 crore people will get direct benefit from this decision. Now they will be able to avail their pension and PF services from any bank. Earlier pensioners had to open accounts only in a few selected banks, but now this compulsion has ended.

The Union Minister said that the country’s social security is getting stronger under the leadership of Prime Minister Narendra Modi. He said that 10 years ago the social security coverage was only 24%, but now it has increased to 48%.

Soon you will be able to withdraw PF money instantly through UPI and ATM

EPFO is going to make another big change, due to which by May or June 2025, employees will be able to withdraw PF immediately through UPI and ATM. This means that now there will be no need to go through a long process. Till now, to withdraw PF, one had to submit an online claim, which could take several days or weeks. But after the introduction of the new system, you will be able to see your PF balance directly on the UPI app and transfer it to your bank account immediately.

Facility to withdraw up to Rs 1 lakh from UPI

Labor Ministry Secretary Sumita Dawra said that EPFO ​​is working on a plan to link PF withdrawals up to Rs 1 lakh with UPI soon. As soon as this facility is started, employees will be able to withdraw their PF amount without any delay.

This step of EPFO ​​is a big change in the direction of Digital India, which will benefit crores of employees and make their lives easier.

Related Articles:-

Electricity regulator HERC has announced the electricity tariff order for 2025-26

India’s first Hydrogen Train will run on THIS route, Know top speed & route

PF Claim Settlements Rule: Now you can withdraw 5 lakh rupees from EPF account! Claim settlement rules are going to change

The post EPFO signed an agreement with 15 new banks, more than 8 crore members will get huge benefit first appeared on Rightsofemployees.com.

What is Gratuity?

First of all, let us tell you what Gratuity is. Actually, Gratuity is a lump sum amount given to an employee when he leaves the job or retires. It can be said that this is a reward given to the employee by the company, which is given to him for long service. This amount is determined by the final salary of the employee and the number of years he has worked. 

Let us tell you that the new gratuity limit was announced on May 30, 2024 in a circular issued by the Department of Pension & Pensioners Welfare under the Ministry of Personnel, Public Grievances and Pensions.

Gratuity Act

The Gratuity Act applies to various sectors including factories, mines, oil fields, plantations, ports, railways, motor transport undertakings, companies and shops with at least 10 employees. The Act entitles employees to receive gratuity payment equivalent to 15 days’ wages for every year till the completion of the job. For non-government workers, the limit is Rs 10 lakh. On the other hand, seasonal establishments calculate gratuity on the basis of seven days’ wages in every season. Seasonal establishments, also known as seasonal establishments, are businesses or industries that operate only during a particular period every year.  

Last year, the gratuity limit for central government employees was raised from Rs 20 lakh to Rs 25 lakh. This hike was done after the 50% hike in the dearness allowance (DA) of employees which took the dearness allowance (DA) to 50% of their basic salary.

The Gratuity Act guarantees employees better gratuity terms in all agreements or contracts. For companies that come under the jurisdiction of the Central Government or operate in multiple states, the Centre acts as the governing body.

Who will get the benefit of gratuity (Gratuity Eligibility)

Under the Gratuity Act, companies are required to pay gratuity to retired employees or employees who leave the job after at least five years of service. The employee is entitled to receive gratuity in the following cases:

• On resignation after completing five years of continuous service
• On taking retirement as per company policy

Under certain circumstances, an employee can get gratuity even if he has worked for less than 5 years.

• In case of death of the employee, gratuity is given to the nominee or legal heir.
• If a person becomes disabled due to any accident or illness, even if he has not completed 5 years of service.
• If the workers working in underground mines work continuously for 4 years and 190 days.
• If employees working in other organisations work continuously for 4 years and 8 months i.e. 4 years and 240 days.

Gratuity calculation formula

A simple formula is used to calculate gratuity. You can know your gratuity amount by using the formula given below:

(Last Salary) x (Years of employment) x (15/26)

Salary components: Salary component includes basic salary, dearness allowance (DA) and commission.

Monthly work days: There are 26 working days in a month.

Method of calculation: 15 days average is determined based on half month’s salary.

How to claim gratuity?

To claim gratuity, a qualified employee has to submit an application in Form I to his company. If for any reason the employee is unable to do so, his nominee or legal heir is allowed to do so on his behalf.

On receiving the application, the company first verifies the claim, and then it has to immediately calculate the gratuity amount to be paid to the employee. This is necessary to ensure timely payment of gratuity and avoid any delay.

Resolution of Disputes:

If there is any disagreement regarding the gratuity amount or eligibility of an employee, then according to the Act, the matter can be raised before the governing body. For this, the employee has to file an application in Form N to the governing body of that specific region.

Latest News:-

• Petrol-Diesel Price Update: New prices of petrol and diesel released on Wednesday, know the latest rate of your city
• 7 Allowances That can help You Save Tax, include them in Your Salary
• Vande Bharat Express train between Katra and Srinagar may start in next 15 days, Know fare, timing and route
• New Driving License difficult Automated driving tests small mistake will make you fail
• Personal loans: Top 5 banks charge THESE interest rates on personal loans in February 2025

The post Gratuity Calculator: Central employees will get gratuity up to Rs 25 lakh! Know how to get full benefit first appeared on Rightsofemployees.com.

The government has increased the limit of exemption from TDS on house rent from Rs 2.4 lakh per annum to Rs 6 lakh. The Finance Minister said on February 1 that this will reduce the number of transactions falling under the scope of TDS. This will be convenient for small taxpayers. Let us know how both the tenant and the landlord will benefit from this announcement of the Finance Minister.

This is how the rule change will affect

Suppose you have a house which you have given on rent. Its annual rent is more than Rs 2.4 lakh. Till now, the rule was that your tenant would pay you the rent after deducting TDS on it . Now he will pay you the rent without deducting TDS. This will increase the amount of rent you get. The reason for this is that the government has increased the limit of exemption from TDS on house rent from Rs 2.4 lakh to Rs 6 lakh. This change in the rule will benefit both the tenant and the house owner.

Now TDS on rent of more than 6 lakh rupees

After the implementation of the new rule, if a tenant lives in a house whose annual rent is more than Rs 6 lakh, then he will have to pay the rent to the landlord after deducting TDS. The reason for this is that it is the responsibility of the tenant to deduct TDS on rent. Till FY19, the limit of exemption from TDS on rent was Rs 1.8 lakh. It is important to keep in mind that the tenant will have to deduct 10 percent TDS on the rent amount. In case the landlord does not have a PAN, the rate of TDS will increase to 20 percent.

Benefits to both the tenant and the landlord

Tax experts say that the change in the rules of TDS on rent in the Union Budget will benefit a large number of people. House rents have increased rapidly in the last few years. Due to this, the tenant had to deduct TDS if the rent was more than Rs 20,000 every month. This increased compliance. Now there is no need to deduct TDS on rent up to Rs 50,000 every month. This will provide great relief to people living on rent in big cities like Delhi and Mumbai.

Related Articles:-

• Liquor Shop license fee Hike: Govt increased the license fee for liquor by 10 percent – Key Details Inside
• Father’s property Rights: When does a daughter get a share in her father’s property?
• IMD Alert! There will be heavy rain along with snowfall in these states in the next 48 hours
• UPI Services To Be Temporarily Unavailable On This Date In February | Check Timings
• Vande Bharat Express: First sleeper Vande Bharat train is going to start in this state, key route & more Details

The post TDS on house rent: Government changed the TDS rules on house rent, know how you will benefit first appeared on Rightsofemployees.com.

Who can take advantage

Salaried employees and pensioners get the facility of getting tax exemption through standard deduction. If you choose the new tax slab to pay income tax, then you will get the benefit of standard deduction of Rs 75,000. On the other hand, salaried taxpayers get only a standard deduction of Rs 50,000 if they choose the old tax regime.

Understand with an example

Suppose you are a salaried person and your annual income is 13 lakhs and if you choose the new tax regime, then the standard deduction will be reduced by Rs 75,000. Now Rs 12,25,000 will be left, tax will be levied on it according to the slab. On the other hand, if your income is Rs 12,75,000, then according to the new tax regime, you will not have to pay income tax because income up to 12 lakhs is tax free and you will get the benefit of standard deduction of Rs 75,000. On the other hand, if you choose the old tax regime on an annual income of 13,00,000, then you will get the benefit of standard deduction of up to Rs 50,000 in the total package. In such a situation, your tax will be calculated on Rs 12,50000 instead of 13 lakhs.

After 2005, it was implemented again in 2018

In India, there was a provision of standard deduction for salaried persons before the year 2005, but it was discontinued in the budget of that year. Instead, a provision was made for deduction of Rs 19,200 in the form of transport allowance and Rs 15,000 in the form of medical allowance in some special items. But the employees were not satisfied with this. The employees believed that businessmen and consultants claim exemptions by showing many types of expenses, but salaried people have very few options. To address this complaint of the employees, the government again implemented standard deduction in the budget of the year 2018. But the exemption in the form of transport allowance and medical reimbursement was abolished.

What is the benefit of standard deduction

Standard deduction is better for employees than the exemptions in the form of transport allowance and medical reimbursement because there was more paperwork to get the exemption of transport allowance and medical reimbursement. Whereas through standard deduction, the amount is deducted directly from the gross salary of the salaried person and after this the taxable income is determined on the remaining salary.

Related Articles:-

• UPI Rule Change Alert 2025: Key Changes On UPI Transaction IDs
• Train Cancelled: Indian Railways has cancelled many trains on these routes till March, see the list
• Bank FD TDS Limit Hike : TDS limit on interest earned from bank FD increased from Rs 40,000 – Key Details
• Air India announced ‘Namaste World’ sale to offer domestic airfares from Rs 1,499
• Public Holiday: Govt declared holiday in all schools, colleges, government and private offices on day after tomorrow – Details Here

The post Standard Deduction: What is standard deduction and who gets its benefit? first appeared on Rightsofemployees.com.

Whenever a government brings any beneficial and welfare schemes, there is an objective behind it that the people who are eligible for this scheme should get the benefit of this scheme. The benefits of these schemes are given to eligible people living in urban areas as well as rural areas. If you are also eligible for any scheme, then you can take advantage by joining it. For example, there is a scheme called Ayushman Bharat Yojana.

A large number of people are currently taking advantage of this scheme, but do you know that there is a limit on this Ayushman card, that is, up to how much rupees can you get free treatment? If not, then you can know about it here. So let’s know about this…

The post Ayushman Bharat Yojana: Can we get free treatment every year using Ayushman Card or is there any limit? All you need to know first appeared on Rightsofemployees.com.

According to the circular issued by EPFO, in some special cases, if you have to change your job, then you will not have to fill any form to transfer PF account from your old or new company. This work will be completely automatic.

12% cut on basic salary

Let us tell you that till now, approval from the employer is necessary to transfer the PF account. Let us tell you that 12 percent of the basic salary of people working in the private sector is deducted for the EPF account. The same amount is deposited by the company in the PF account of the employee. Out of the money deposited by the employer, 8.33% is deposited in EPS (pension), the remaining 3.67% is deposited in EPF.

Crores of subscribers will benefit

Crores of subscribers will benefit from the changes made by EPFO ​​for account transfer. According to the circular issued by EPFO ​​on January 15, there will be no need to apply online from the old or new company to transfer the PF account. Now subscribers can themselves claim to transfer their account. Let us tell you which subscribers will benefit from EPFO’s circular?

• Transfer within UAN issued on or after 01/10/2017. If the same UAN is linked to multiple member IDs and linked to Aadhaar.
• Transfer between different UANs, both issued on or after 01/10/2017. If an employee has multiple UANs linked to the same Aadhaar, the system considers them as a single individual, allowing seamless transfer without any interference from the employer.
• Transfer within same UAN (UAN issued before 01/10/2017) For old UANs, PF transfer works only if the UAN is linked to Aadhaar and the name, date of birth (DOB) etc. details in the member ID match.
• Transfer between different UANs: Transfer between multiple UANs (one old) is allowed if both UANs are linked to the same Aadhaar and personal details (name, DOB, gender) match.

How to link UAN with Aadhaar

• First of all go to the e-service website and log in to your EPF account using UAN login credentials.
•  Now click on the KYC option under the ‘Manage’ menu.
• Select Aadhaar and enter your Aadhaar details.
•  Now click on the save option.
• Your Aadhaar will be validated using UIDAI data.
• Now after the completion of KYC, Aadhaar will be linked to the EPF account.

Related Articles:-

• RBI Nomination: This rule for your benefit will be applicable in all banks, RBI has issued the order
• Schools Closed: Government has declared holiday for so many days in this state. key details inside
• Bank Customers ALERT! Customers of this bank should do this before THIS date, otherwise the account may be closed
• Credit Card Tips: How to get the annual fee of credit card waived off, know the method here
• Budget 2025: Direct tax code may be announced in the budget, what will be its benefits, know

The post PF A/c Transfer Rule: Govt changed the rules for transferring PF accounts, Crores of people will benefit first appeared on Rightsofemployees.com.

In this regard, there is a lot of consumption of electricity in Uttar Pradesh. At the same time, there are many people who are not able to pay the electricity bill of their homes. If you also live in Uttar Pradesh.

And your home’s electricity bill is also very high. You have not paid it yet. So in such a situation, a golden opportunity has come for you from the Uttar Pradesh government. Where your home’s electricity bill will be waived off. One Time Settlement Scheme i.e. OTS Scheme has been brought by the Uttar Pradesh government. But under this scheme, the bills of these people will not be waived off. Know the reason for this.

These consumers will not get the benefit of this

Uttar Pradesh government’s one time settlement scheme in which people’s electricity bills will be waived. But only domestic and small commercial consumers will get the benefit of this scheme of UP government. Utilities of big industries and commerce will not get benefit under this scheme. Apart from this, those consumers who have not fulfilled the rules of OTS scheme and have defaulted.

They will also not get any benefit in this scheme. So, along with this, the consumers who use electricity in wrong manner will not get any benefit and those who have paid their electricity bill on time will also not need the benefit of electricity waiver under this scheme.

Last date for application is 31 December

Let us tell you that the OTS scheme of Uttar Pradesh government was started on 15 December. Which will run till 31 December. Consumers who register in this scheme till 31 December will get 100% discount on the surcharge of electricity bill. Registration will be done by visiting the official website of UP Electricity Department www.uppcl.org . To get registered, last month’s electricity bill and mobile number will be required.

Latest News”-

• LPG Cylinder Price: Rs 250 Cheap Composite LPG Gas Cylinder – Check Details
• UPI Payment System: UPI rules to change from January 1, money transfer limit will be doubled
• Schools Closed: All schools suddenly closed before winter vacations, this is the reason…
• LPG, PF, UPI and… Big changes are going to be implemented from January 1, know in detail
• Post Office’s special scheme: You will earn Rs 2.54 lakh from interest alone… you will also get a loan

The post OTS Scheme: These Electricity Consumers will not get the Benefit of OTS scheme – uppcl.org first appeared on Rightsofemployees.com.

Through this rule, it will be easy to trace the sender of the message received on the user’s mobile. Now fake commercial messages sent by hackers will not reach the users. At the same time, the sender of the message can be easily found.

Already, the telecom regulator has implemented rules against unsolicited communication, under which messages coming from unverified sources will be blocked, which contain links to URLs or APK files. Apart from this, commercial calls coming from unverified numbers will also be blocked at the network level. This will help prevent cases of online fraud. Indian agencies are constantly trying to prevent fraud, but still the cases of fraud are not decreasing. According to a recent report, cases of online fraud in India have increased by up to 3,000 percent.

After the implementation of this rule, there will be no delay in receiving OTP on the user’s mobile. Along with this, the telecom operators argued that most of India’s telemarketers and business entities such as banks are not yet fully technically ready for the new rule, due to which the implementation of this rule will have a huge impact.

Related Articles:-

3 days holiday in a week – THIS government gave 3 days leave in a week to the employees

Google Maps: Major changes are going to happen in Google Maps from the new year, these services will be available for free

One Nation-One Election’ bill can be presented in the winter session of Parliament, know the complete planning

The post TRAI’s message traceability rule implemented across the country, so many crore mobile users will benefit first appeared on Rightsofemployees.com.

According to the LIC website, the last date to apply under this scheme is 22 December 2024. Let us know more information related to the scheme.

These children will get scholarship

According to the LIC website, one can only apply online for this scheme. This scholarship scheme is for students from economically weaker families. LIC said that this Golden Jubilee Foundation Scholarship Scheme 2024 is for those students of India who have passed 10th, 12th, Diploma or equivalent examination with a minimum CGPA grade of 60% or equivalent in the academic year 2021-22, 2022-23 or 2023-24 and have taken admission in the first year of any course in the academic year 2024-25. Only those children are eligible for this.

Through this scheme, the scholarship has been divided into two parts. The first is general scholarship and the second is special scholarship for girls. In this also, general scholarship has two parts, the first will include children studying medical and engineering and the second will include students doing vocational course and ITI diploma from any government college. There will be a separate scholarship for girls who are doing intermediate according to 10+2 pattern after 10th or are doing diploma like ITI or Polytechnic.

You will get this much money in general scholarship

In general scholarship, eligible boys and girls will get scholarship. Under this segment, selected students pursuing higher education in the field of medicine will be provided an amount of Rs 40,000 per year. On the other hand, students pursuing B.Tech etc. in the field of engineering will be given a scholarship of Rs 30,000 every year. On the other hand, children who have taken admission in vocational courses from government colleges or are doing ITI from government colleges will get scholarships of Rs 20,000 and Rs 10,000 every year as long as the course runs.

Special scholarship for girls

Under this scheme, after 10th, you will have to pursue further studies like doing a diploma in a particular course or ITI. For this, you will get Rs 15,000, which will be given in two installments of Rs 7500 for 2 years.

Related Articles:-

Public Holiday: All banks, schools and government offices closed on 12 December – Check Details

School Holiday- Holiday declared in this district tomorrow, DC issues notification

IMD Rainfall ALERT! Meteorological Department has issues yellow alert for fog in 7 districts of THIS state

The post LIC launched a special scheme for children, this is how you will get the benefit first appeared on Rightsofemployees.com.

Life Insurance Corporation of India (LIC) has launched a new plan. Its name is ‘Group Micro Term Insurance Plan’. It is a single premium plan. It is a pure risk, group, non-linked and non-participating policy.

This plan is especially for financial institutions like micro finance, cooperative societies, self-help groups and non-governmental organizations (NGOs). This plan will not only be able to meet the demand of these financial institutions but will also cover the members and beneficiaries of these institutions.

They will also get the benefit of this plan

Unorganized groups, companies and employee groups etc. will also get the benefit of this plan of LIC. If the policy holder dies in an accident, the family will get financial assistance. If there is any loan on the policy holder, it can be repaid through this policy. Its premium has not been told yet.

These are the main benefits of this plan

• The benefit of this plan will be available to those groups which have 50 or more members.
• It will have a risk cover of sum assured of Rs 5 thousand to Rs 2 lakh. This will be for each member.
• This is a single premium plan. This means that you will have to pay the premium only once for purchasing this plan.
• There will be flexibility in choosing this plan. That is, it can be chosen from one month to 10 years.
• If both husband and wife work in an institution, then it can be taken jointly by both of them.
• Its biggest advantage is that no type of medical test is required to avail this plan.

You will not get the benefit of maturity

There will be no maturity benefit in this plan. The family members will get the policy amount only if the policy holder dies in an accident. In such a situation, the sum assured of the policy will be given to the nominee. However, if the death occurs due to any reason other than an accident, then less amount will be given.

The post LIC launched a new plan, cover up to Rs 2 lakh, know who will get the benefit first appeared on Rightsofemployees.com.

Jio customers can get benefits of up to Rs 700 by recharging some quarterly and yearly plans between 5th and 10th September. This information has been given on the company’s website jio.com. This special offer gives Jio customers a great opportunity to enjoy the services according to their needs and avail the benefits.

You will get benefits on these recharge plans:

These benefits worth Rs 700 are being offered to the customers on recharge plans of Rs 899, Rs 999 and Rs 3599.

OTT and Data Pack: Rs 175 benefit includes 10 OTT and 10 GB data voucher with validity of 28 days.

Zomato Gold Membership : Free for 3 months.

Ajio Voucher: Rs 500 off on purchase of Rs 2999 or more.

The Rs 899 and Rs 999 plans will offer 2GB of data per day with a validity of 90 and 98 days respectively. The Rs 3,599 plan will offer 2.5GB of data per day with a validity of 365 days. This special plan includes 10 OTT subscriptions and a 10GB data pack with a validity of 28 days.

Live

Jio has crossed the 49 crore customer mark in eight years. Now it carries 8% of the world’s mobile traffic. On average, every user on Jio’s network is using 30 GB of data monthly and Jio has 60% of India’s data traffic. Apart from this, from this Diwali, Jio will also offer 100 GB free cloud storage to its users under ‘Jio AI-Cloud Welcome Offer’.

At the 47th AGM of Reliance Industries, Chairman Mukesh Ambani said that Jio aims to double its revenue and profits in the next 3-4 years. He said that Jio will continue to play an important role in building the country’s digital capacity and infrastructure.

Related Articles:-

IRDAI has issued a circular regarding life and health insurance policies.

Will 18% GST be levied on transactions through debit and credit cards? What will be its impact on you?

Senior Citizens FD Rates: These 5 banks are giving the highest interest on FD to senior citizens, check interest rates here

The post Reliance Jio brings a great offer! You will get a benefit of Rs 700 on these recharges first appeared on Rightsofemployees.com.

TRAI believes that the number of public Wi-Fi sites in the country is much less than the target number envisaged by the government. In such a situation, its number can be promoted by reducing the Wi-Fi fee.

The government had decided to install Wi-Fi so that people do not face difficulties in using the internet at public places like railway platforms and government offices.

The Telecom Regulatory Authority of India (TRAI) found that the annual charge for a 100 Mbps internet leased line tariff is 40-80 times higher than that of a 100 Mbps fibre-to-the-home (FTTH) broadband connection for retail users, according to the draft Telecom Tariff Order 2024.

Also Read: New Vande Metro: First Vande Metro will run from this city, and between which other cities will it run? See the route

Local shops and retailers will benefit

TRAI said it believes that Public Data Offices (PDOs), particularly smaller entities like local shops, retailers etc. generally have low revenues and neither require ILL connections nor can afford the higher backhaul rates applicable to large commercial entities.

“The Authority proposes that for the purpose of providing PM-WANI (Wi-Fi Access Network Interface) scheme, PDOs may be charged the same rate as for retail broadband (FTTH) connections for which the said retail rate is being offered by the service providers to the customers,” the regulator said.

Related Articles:- 

RBI’s New Rule: Your bank account will be automatically debited to replenish FASTag balance

FD special profits: These 5 Banks are giving bumper returns on FD, these people are getting special profits

6 rules to change from 1st September 2024, here’s all you need to know

The post TRAI has proposed to reduce the recharge of Wi-Fi, know who will get the benefit first appeared on Rightsofemployees.com.

But through Voluntary Provident Fund (VPF), you can also increase your contribution in EPF and can avail the same interest on your investment which you get on EPF. At present, interest is being given on VPF at the rate of 08.15 percent. Know all the important information related to VPF.

How much money can be deposited in VPF

Any EPFO member can avail the facility of contribution in VPF and increase his contribution in the provident fund. There is no limit for salary deduction in VPF. If the employee wishes, he can also contribute up to 100 percent of the basic salary. The method of investing in VPF is exactly the same as that of depositing money in EPF, that is, if you start investing money in VPF, then its money will also be automatically deducted from your salary every month, like EPF is deducted.

How to start investing

If you are also interested in investing in VPF, then you will have to meet the HR of your company and tell him that you want to increase your investment in PF. With the help of HR, you can open your VPF account along with EPF. You will have to fill a form and submit it to HR regarding how much contribution you want to increase in your salary. After this the process of linking your VPF account with EPF account will be completed. After this process is completed, you can start deducting money from your salary in VPF. Once you opt for VPF, it is mandatory to deposit money in it for at least 5 years.

What are the rules for withdrawal of funds?

The interest and benefits received on VPF amount are the same as in EPF, similarly the rules for withdrawal of money are also the same as in EPF. You can withdraw the entire amount of VPF fund only after retirement. After 5 years, when its lock-in period ends, you can withdraw partial amount from it. Claim for this can be made online.

Tax exemption and account transfer

If you change your job, PF account can also be transferred like EPF. On investing in VPF, there is no tax to be paid on its interest and withdrawal amount. Therefore it is considered as Exempt-Exempt-Exempt (E-E-E) category investment. In this, one gets the benefit of tax exemption under Section 80C of the Income Tax Act. In this fund, you can claim tax exemption up to Rs 1.50 lakh in a financial year.

The post EPF contribution: Want to take benefit of high interest rates of EPF by increasing contribution first appeared on Rightsofemployees.com.

The Reserve Bank of India (RBI) had directed last month that payments up to Rs 5 lakh can now be made in hospitals and education services. Earlier, people had to face problems regarding UPI payment in these sectors. NPCI has ordered banks, payment service providers and UPI applications to increase the limit.

Earlier the UPI limit was Rs 1 lakh, which has now been increased to Rs 5 lakh. This limit will be applicable only on verified merchants. In such a situation, it is necessary for merchants to introduce UPI as a payment mode. Whereas the one day limit of UPI has been fixed at Rs 1 lakh.

In the Monetary Policy Committee held in the month of December, RBI has increased the UPI limit to Rs 5 lakh. This facility will also be available on all supporting apps of UPI like Paytm, Google Pay, PhonePe apps. This facility will be provided to customers in all banks also.

UPI transaction boom

There has been a rise in UPI payments in the country. By the year 2023 it will cross 100 billion. According to the data released by NPCI, about 126 crore UPI payments were made in the year 2022. At the same time, last year in 2023, its numbers have registered an increase of 60 percent.

The post UPI new Service Update: New service of UPI will start on this day, you will get this benefit first appeared on Rightsofemployees.com.

Let us tell you that under the Inspire facility of Bandhan Bank, you will get the benefit of interest at the rate of 8.35 percent per annum on FD of 500 days. The bank has issued a statement regarding this.

The bank issued a statement

The bank has said in the statement that ‘Inspire’ will also provide an advanced banking experience along with health care benefits. It will extend existing benefits like preferential interest rates, priority banking services and doorstep banking facilities to the bank’s ‘Senior Citizen Customers’.

7.5 percent interest on tax saving FD

Bandhan Bank is offering attractive interest rates on fixed deposits to senior citizens. Senior citizens can avail interest up to 8.35 percent for a period of 500 days. Apart from this, senior citizens can avail the benefit of 7.5 percent per annum on tax saver FD.

Sujoy Roy said this

Sujoy Roy, Head of Branch Banking, Bandhan Bank, said that we recognize the importance and need of financial independence at every age. Bandhan Bank has come up with this carefully designed benefit offering for senior citizens.

These facilities will be available from doctor consultation at cheap rates.

Bandhan Bank said that you will get many special benefits under the ‘Inspire’ program. In this you will get the benefit of special discounts on purchase of medicines, diagnostic services and medical treatment. Apart from this, you will also get the benefit of discount on doctor consultation. There will also be discounts on medical checkups, dental care and healthcare service providers.

Senior citizens talk directly to bank officials

Along with this, it is also planning to include additional features like direct access to phone banking officer to ease the banking experience of senior citizen customers.

The post Senior citizens: Good news! Bank launches a special facility for senior citizens, Will get these benefits first appeared on Rightsofemployees.com.

FD interest in Yes Bank 

• 7 days to 14 days -3.25 percent 
• 15 days to 45 days – 3.70 percent 
• 46 days to 90 days – 4.10 percent 
• 91 days to 120 days – 4.75 percent 
• 121 days to 180 days – 5.00 percent 
• From 181 days to 271 days – 6.10 percent 
• From 272 days to less than one year – 6.35 percent 
• One year – 7.25 percent 
• One year one day to less than 18 months – 7.50 percent 
• From 18 months to less than 24 months – 7.75 percent 
• From 24 months to less than 60 months -7.25 percent 
• 60 months – 7.25 percent
• 60 Months to 120 Days – 7.00 Percent 

Let us tell you that the bank is giving additional interest of 0.50 percent to senior citizens. 

Interest rates on FD in SBI, ICICI and HDFC Bank 

SBI is offering interest ranging from 3 percent to 7.1 percent on FDs of 7 days to 10 years. The bank is giving additional interest of 50 basis points to senior citizens. ICEICI Bank is offering interest ranging from 3 percent to 7.1 percent to general investors and 3.5 percent to 7.65 percent to senior investors on FDs ranging from 7 days to 10 years. Apart from this, HDFC Bank is offering 3 percent to 7.20 percent interest on FDs ranging from 7 days to 10 years. At the same time, senior citizens are getting interest ranging from 3.5 percent to 7.75 percent.

The post Yes Bank increased interest rates on FD, know how much benefit you will get on one year FD first appeared on Rightsofemployees.com.

Recently, DA i.e. dearness allowance was increased by 4 percent by the Central Government due to which the DA given to the employees increased from 42% to 46%. Due to this, not only their overall pay increased but TA also increased.

Now getting the benefit of 7th pay scale

Now if reports are to be believed, the government is also preparing to implement the 8th pay scale by 2026. According to reports, the government is preparing to form the 8th Pay Commission, although no announcement has been made by the government regarding this yet, but many employee organizations have also written letters to the central government regarding this.

Recently, all the government employees are enjoying benefits under the 7th pay scale. If reports are to be believed, if the Central Government implements the 8th pay scale from January 1, 2026, then it may increase the pay scale of employees by 44%. Not only this, the fitment factor will also increase by more than 3 times.

What will be the fitment factor in 8th pay commission?

If the government gives the benefit of 8th pay scale according to the present fitment factor of 2.57, then in such a situation the new minimum pay scale will be 2.57×18000 = 46,260, but if the government gives the benefit according to the demanded fitment factor i.e. 3.68, then The minimum pay scale in the position will be Rs 18,000. x 3.68 = 66,240.

Employees’ organizations also believe that if the eighth pay scale is implemented as per the demand, then the minimum pay scale of the government employee will be ₹ 25000 which is currently ₹ 18000.

Fitment factor was increased in 2016

Let us tell you that in the year 2016, the seventh pay scale was implemented by the Central Government, after which the basic minimum salary became Rs. 18000 and the fitment factor has been fixed at 2.57 times. Now the employees are demanding to increase the fitment factor from 2.57 to 3.68 times.

It is believed that the government can increase it up to three times. If the minimum salary of employees is increased to 3 times then the fitment factor can increase to Rs 26000. If the fitment factor is increased under the Seventh Pay Commission, then along with the increase in salary, increase in basic salary including dearness allowance, traveling allowance, house rent allowance will also be recorded.

The post 8th Pay Commission: Good news for employees! 8th Pay Commission expected to be implemented in the new year first appeared on Rightsofemployees.com.

In his first term, PM Modi had launched two schemes for insurance cover to the people. These include Pradhan Mantri Jeevan Jyoti Bima Yojana and Pradhan Mantri Suraksha Bima Yojana . Through this, you can get insurance cover up to Rs 4 lakh by paying a nominal premium. Pradhan Mantri Jeevan Jyoti Bima Yojana was started by the Central Government in 2015. Under this scheme, a person aged between 18 to 50 years is given insurance up to Rs 2 lakh.

If the person dies during the insurance coverage, then his dependents are given an insurance of Rs 2 lakh. For this, the insured has to pay a premium of Rs 436 every year and gets coverage for one year (from June 1 to May 31).

Pradhan Mantri Suraksha Bima Yojana

A person aged between 18 to 70 years can avail the benefit of Pradhan Mantri Suraksha Bima Yojana. This was also started by the Central Government in 2015. Under this scheme, accidental death or total disability insurance of Rs 2 lakh and partial disability insurance of Rs 1 lakh is provided.

To avail the benefits of this scheme, the insured has to pay a premium of Rs 20 annually. You can apply for this scheme by going to your bank. Its premium is also valid for one year (from June 1 to May 31). The facility of auto debit of premium bank of PMSBY is also provided.

The post Govt great scheme! Benefit of Rs 4 lakh in just Rs 456, check details first appeared on Rightsofemployees.com.

Where the CM has promised to give a Diwali bonus of Rs 7 thousand each to the workers. With this big and important decision, a plan has been made to provide benefits to about 80 thousand working Group B, Non-Gazetted and Group C employees of Delhi Government. Along with this announcement, the CM also extended hearty congratulations to everyone on the occasion of Diwali.

80 thousand employees will get its benefit, Rs 7 thousand will come into their account
Here, this big decision of CM Kejriwal will also put an additional burden of Rs 56 crore on the state government. Under this, along with salary, each employee will be given Rs 7,000 as bonus. While giving information on social media, CM Arvind Kejriwal has written that all the employees of Delhi Government are my family.

In this month of festival, we are giving a gift of Rs 7000 to Group B and Group C employees of Delhi Government. Many congratulations to all the employees and their families on Diwali in advance.

These personnel were also finalized before Diwali

Here, let us tell you that recently, CM Arvind Kejriwal has given a big gift to 5000 cleaners and sweepers of Delhi Municipal Corporation and has decided to regularize them. Under this, the employees will be considered confirmed from the year 2004.

After the close of this offer, the corporation will have the additional burden of paying arrears of Rs 583 crore. Regarding which CM Arvind Kejriwal himself had shared information on Twitter that Aam Aadmi Party has also successfully made the offer of confirming 5000 cleaners in Delhi Municipal Corporation. We have also fulfilled the promise we had made.

The post Good news for employees, Chief Minister announced bonus, so much money will come to the account first appeared on Rightsofemployees.com.

Union Labor Minister Bhupendra Yadav has given a statement that the Labor Ministry is working towards providing a total interest rate of 8.15 percent to PF members for the financial year 2023. Not only this, interest credit of 8.15 percent has also been given in total 24 crore accounts. He also said that his government is satisfied that the government’s steps regarding EPFO ​​interest rate are in the right direction.

Cabinet Minister gave information on EPFO ​​Foundation Day

On the 71st EPFO ​​Foundation Day, the Union Labor Minister emphasized that the aim of the government is to transfer the Provident Fund amount to the accounts of the subscribers at the right time and with the right interest. The Cabinet Minister said that the total Provident Fund contribution in the year 2022-23 has been Rs 2.12 lakh crore, whereas in the previous year i.e. 2021-22, this amount was Rs 1.69 lakh crore.

EPFO’s Central Board of Trustees approved the annual report.

The 234th meeting of the Central Board of Trustees of EPFO ​​was held on this Tuesday i.e. 31st October. In this meeting held in New Delhi, the Board approved the annual report of EPFO ​​for the financial year 2022-23 and recommended it to the government to present it in Parliament.

This figure came in the EPFO ​​report

The total investment fund of EPFO ​​in the financial year 2022-23 has been Rs 21.36 lakh crore, which includes the amount of both pension and provident fund. Last year i.e. in the financial year 2021-22, this amount was Rs 18.3 lakh crore.

If we look at the total investment amount, it was Rs 13.04 lakh crore on March 31, 2023 and last year this figure was Rs 11 lakh crore. A total addition of Rs 2.03 lakh crore has been seen in the financial year 2022-23.

The post EPFO Interest Rates: EPFO ​​is preparing to give the benefit of 8.15 percent interest rate for the financial year 2023 first appeared on Rightsofemployees.com.

The state government has decided to give the benefits of the Sixth Pay Commission to the employees. According to media reports, the Finance Department has approved the proposal for this, now it will come in the cabinet meeting soon.

Employees will get the benefit of Sixth Pay Commission

According to media reports, 4700 workers will benefit from this decision of the state government. The special thing is that the Finance Department has approved the new pay scale from the present time. From the date on which the employees in the state have been given the benefit of the Sixth Pay Commission, Zilla Parishad employees will be given the benefit of the new pay commission. Now the final approval will be given on this in the Himachal Pradesh Cabinet meeting. After this the employees will start getting benefits.

The proposal will come in the cabinet

It is worth noting that for a long time, the Zilla Parishad cadre workers were demanding for arrears since 2016, merger in the Panchayati Raj Department and giving the benefits of the Sixth Pay Commission, for this they had also organized a strike in the past, however, after the assurance of the state government, the strike was called off.

It was abolished and now the government has decided to give the benefits of the Sixth Pay Commission to the employees. Here, a meeting was to be held on Monday regarding many issues including salary related, but it has been postponed due to Chief Minister Sukhu being unwell. Panchayati Raj Minister Anirudh Singh says that the government is serious about all the demands of the Zilla Parishad employees, all the demands will be resolved in a phased manner.

Seeks approval from Finance Department to give Rs 15 lakh each to Asiad medal winners
The Himachal Pradesh government is also making big preparations to give Rs 15 lakh each to the winning players of the state who won gold medals in the Asian Games in China. For this, the Sports Department has sent a proposal to the Finance Department and sought approval.

This amount will be released on January 25, Complete Statehood Day or April 15, Himachal Day. Under this, cash prizes worth about one crore rupees will be provided. Separate amounts of money are to be given to six medal winners of Himachal and seven other players participating in various sports in the Asian Games held from September 29 to October 8, 2023. Apart from this, funds will also be given by the Department of Youth Services and Sports to three players who won medals in the Commonwealth Games in the year 2022.

The post Good news: These employees will get the benefit of Sixth Pay Commission, Finance Department approved first appeared on Rightsofemployees.com.

The Pension Fund Regulatory and Development Authority (PFRDA) has made important changes in some rules related to the National Pension Scheme (NPS). Now up to 60 percent of the deposited amount can be withdrawn monthly/quarterly/half yearly or annually. Earlier it could be withdrawn annually or in lump sum. The reason behind this change is that NPS should better meet the monthly needs of people after retirement.

Who will benefit from this and how

Personal finance advisor CA Manish Garg explains it this way with an example. He told, “Suppose a person aged 60 did not have the option of pension. On retirement, his total fund became Rs 1.5 crore. In view of this, someone gave him money in the Senior Citizen Savings Scheme (up to Rs 30 lakh). Advised him to invest, from where he would get around 8% interest.

That is, he would get Rs 240,000 per year. He would get 7.4% to 7.5% interest on the balance amount of Rs 1.20 crore deposited in Post Office MIS/Bank FD etc. That is, he would have got interest of around Rs 9 lakh from here. Overall, he would have got Rs 1140000 as interest annually and it is taxable.

That means he would have to pay tax of around Rs 65500 on this in the new tax regime and the net income from interest would be around Rs 1074500. That is, he would have got only around Rs 89,541 for his monthly expenses. Moreover, even after 15 years, his principal amount i.e. Rs 1,50,00,000 would have remained the same.”

How the new rule of NPS will provide benefits: CA Manish Garg says that now suppose the same person accumulates a fund of Rs 1.50 crore through NPS by the age of 60 years. If he withdraws 60 percent of this i.e. Rs 90 lakh systematically as per the new rules till the age of 75 years, then he will get around Rs 1183000 (with 10 percent interest) for his monthly needs.

This is a completely tax free amount. This means that you will receive around Rs 1 lakh per month for 15 years. On the other hand, if 40 percent annuity continues to increase by 10 percent annually, it will become Rs 25063489 in 15 years.

Double benefit from NPS:

Garg said this is Modi government’s Diwali gift. Through NPS, after 60 years till the age of 75 years, there will be a benefit of approximately Rs 10,000 every month. Because there is no tax here. On the other hand, our deposited capital will also become around Rs 2.50 crore instead of Rs 1.5 crore.

The post NPS New Rules: Now up to 60% of the deposited amount can be withdrawn monthly/quarterly/half yearly or annually first appeared on Rightsofemployees.com.

Fintech company Fibe, formerly known as Early Salary, has planned to launch India’s first numberless credit card in partnership with Axis Bank. With this card the customer will be able to get a more secure card. Because, no number will be printed on this card. Neither expiry date nor CVV number will be printed. Both the companies have given this information in a joint statement.

According to the card issuing company, this card will reduce the risk of identity theft and will also eliminate the fear of unauthorized access to anyone’s card. Because of which customers will get complete security and privacy. Customers can also easily get the details of their FIBE Axis Bank Credit Card through the FIBE app.

Many different features are also being provided on this branded credit card. One of which is flat 3% cashback on online food delivery service. This feature will also be available on booking through ride-offering apps and online ticket platforms for entertainment. Apart from this, one percent cashback will also be available on all online and offline transactions.

UPay can also be linked to this credit card powered by RuPay. The card will be accepted on all offline and digital platforms. According to the information, Tap Ant Pay feature is also provided on the card. Not only this, zero signing fee and zero annual fee has been kept on the card. This card is available to more than 2.1 million existing customers of Fibe.

Under some other facilities, the card will allow access to four domestic airport lounges every year. Also includes Axis Dining and Wednesday Delights along with fuel surcharge waiver for fuel spends between Rs 400 and Rs 5,000.

On the partnership with Axis Bank, Akshay Mehrotra, CEO and Cofounder of Fibe, said that our aim is to empower our customers with a secure payment system with the convenience of UPI payments, thereby setting a new benchmark in the credit card business.

Already popular among Celrid professionals, Fib is now entering the broader credit card market. It raised $110 million in its Series D funding last year and is now expanding its reach and launching new offerings. The fintech was recently awarded the title of Best Startup in Fintech at the G20 Digital Innovation Alliance Mega Summit.

The post New Credit Card: Axis Bank will launch new credit card, customers will get this benefit first appeared on Rightsofemployees.com.

Public sector State Bank of India (SBI) on Wednesday took steps to provide banking facilities to the customers at their doorstep. The bank has introduced a device for its customers through which various banking services can be availed.

SBI Chairman Dinesh Khara said that the objective of this initiative is to strengthen financial inclusion and provide essential banking services to the common people. This initiative is part of increasing accessibility and convenience in availing bank services. The move brings ‘kiosk banking’ straight to customers’ doorsteps. This provides greater flexibility to Customer Service Center (CSP) agents, which will help them reach customers, especially those facing health issues, senior citizens and the disabled.

Khara said that under the new initiative, initially five major banking services – cash withdrawal, deposit, transfer, balance check and mini statement – will be provided. These services account for more than 75 percent of the total transactions on the Bank’s CSP. He said that the bank is also planning to launch nominee, account opening and card-based services under social security schemes later.

The post New service for SBI customers, those withdrawing cash and depositing also benefit first appeared on Rightsofemployees.com.

Now you will get so much interest

The interest on post office recurring deposits with a tenure of 5 years has been increased by 0.2 percent. Earlier, those who invested in it used to get a profit of 6.50 percent but now under this you will get a return of 6.70 percent.

Has the interest on other schemes also increased?

It is known that apart from 5 year recurring deposit, the interest rate of other small savings schemes has not been changed. Among the remaining schemes, the interest of Senior Citizen Saving Scheme is 8.2 percent. The interest of Sukanya Samriddhi Yojana is 8 percent, that of National Savings Certificate (NSC) is 7.7 percent, that of Kisan Vikas Patra (KVP) is 7.5 percent and that of PPF is 7.1 percent.

Recurring deposit or RD scheme of post office can help you in savings. The amount you invest in it, when it matures after 5 years, you get a huge amount in your hand. It is known that any person can open an RD account. You can also open this account in the name of small children. Not only this, you can also open a joint account. For this, an account can be opened by going to any post office.

The post RD Interest Rate: Government took a big decision on RD, there will be benefit of 6.7 percent first appeared on Rightsofemployees.com.

Everyone wants to save some part of their earnings and invest it in such a place where their money will be safe and they will also get strong returns. In this sense, fixed deposits have always been popular and now many banks are offering great interest on FDs.

If we talk about senior citizens, they are getting even higher returns than common investors. One such great scheme is the WeCare Scheme of State Bank of India (SBI WeCare Scheme), in which only a few days are left for investment.

This scheme is closing on 30th September.

Generally, while investing, senior citizens choose such an option in which the risk is negligible and for this, FD schemes are included in their favorite list. Talking about SBI WeCare Scheme, they get excellent returns in this. However, only 18 days are left to avail the benefits of this scheme, because this FD scheme of SBI is going to close on 30 September 2023. In such a situation, the sooner you take advantage of this scheme, the better it will be.

The scheme was started for this purpose.

In this scheme of State Bank of India (SBI), senior citizens are offered more interest than ordinary investors. Under SBI WeCare Scheme, senior citizens get the benefit of additional interest up to 0.50 percent. Through minimum investment in this scheme, you can get good returns in 5 to 10 years. SBI WeCare Special FD Scheme was introduced as an option for senior citizens to keep their money safe in the time of Covid.

Senior citizens get 1% more interest than ordinary investors.

Generally, senior citizens get the benefit of 50 basis points on FD in the bank, but on SBI WeCare FD, they get the benefit of additional 50 basis points. That means in this scheme the elderly get 1 percent more interest. At present, interest up to 7.50 percent is available on SBI’s WeCare Scheme. The interest rates on SBI’s regular FD are between 3.50 percent and 7.50 percent for tenures ranging from 7 days to 10 years.

The deadline for investing in the special FD scheme SBI WeCare (SBI WeCare Fixed Deposit) was extended by three months . Earlier, this special scheme for senior citizens, which was started during the Covid period, was to end on June 30, 2023. But the bank had extended its deadline to 30 September 2023.

The post SBI’s Dhansu scheme… ! getting 7.50% interest, opportunity to invest till 30th September first appeared on Rightsofemployees.com.

That is, now PNB customers can make payment to the merchant by scanning the UPI QR code through the PNB Digital Rupee app. You can use this service at any outlet. Users of the PNB Digital Rupee app can use their CBDC wallet to make purchases on UPI QR, even if they do not have a CBDC wallet. The app with this new feature is already live for Android users on Play Store and it will soon go live for iOS users as well.

Digital Rupee known as eRupee. It is issued by the Reserve Bank of India as a legal tender. It works like money. In any transaction, there is a 1:1 ratio of e-rupee and paper money in the transaction. This electronic wallet will work like a physical wallet on your device and will be linked to your bank account.

How to register for PNB Digital Rupee

Step 1: Download PNB Digital Rupee App from Google Play Store.

Step 2: Select the SIM card with the registered mobile number.

Step 3: Create your App PIN by clicking on Set App PIN.

Step 4: Select Wallet and click on Link PNB Account option.

Step 5: Fill in the debit card details and register.

Step 6: Once registered, you can start using PNB Digital Rupee.

Features of CBDC

CBDC is a currency issued in accordance with central banks and their monetary policy. It appears as a liability on the central bank’s balance sheet. It should be accepted as legal tender by all citizens, enterprises and government agencies as a means of payment. Issuance and transaction costs of currency notes are expected to come down.

Other banks that have launched CBDC

HDFC Bank, Canara Bank, Axis Bank and Yes Bank, Bank of Baroda and SBI have launched UPI interoperability.

The post Punjab National Bank started new service, customers will benefit first appeared on Rightsofemployees.com.

Officers and employees who have completed 35 years of service will come under the purview

Officers-employees who have completed 35 years of service on or after July 1, 2023, will come under its purview. With this decision, the maximum benefit of Rs 14 thousand will be given to the employees in salary and then in pension.

This is the situation now

In Madhya Pradesh, there is a rule to give first, second and third time scale pay scale to the employees on completion of ten, twenty and thirty years of service. The officers of State Administrative Service and Finance Service are getting the fifth time scale pay scale. Chief Minister Shivraj Singh Chouhan has announced the fifth pay scale to the officers of the police service in the Police Parivar Samagam program recently. State Forest Service officers are getting the fourth time scale pay scale.

Promotion stopped and new rules were not made

Promotions are closed since 2016 and new rules have not been made yet. As such, there was no scope for advancement for those who had completed more than 30 years of service. In view of this, the Chief Minister had instructed the Finance Department to prepare a plan.

The department had made an assured career promotion plan for the same cadres of all the departments, which was approved. Now it is implemented. Its implementation will put an additional financial burden of Rs 250 crore on the government. Finance Department officials say that the employees will get benefits ranging from two to 14 thousand rupees per month. This will also affect pension.

This is how service will be calculated

The period of service for the fourth time scale will be reckoned from the date of joining for the first time on a direct recruitment post through competitive or selection test. To get the benefit of the highest pay scale, the employee must fulfill the qualifications shall be required, which is prescribed for promotion as per Service Recruitment Rules i.e. service record should be correct.

Permission from the cabinet is necessary to get the benefit of the scheme.

Officers-employees of such cadre, who get the benefit of time scale pay scale under the specific scheme, will have to take permission from the cabinet to get the benefit of the scheme. If an employee is getting a pay scale equal to or higher than the fourth time scale pay scale, then the present pay scale will continue to be given.

Including dearness allowance, the fourth time scale pay scale will be fixed

The highest pay scale that will be obtained after adding one increment to the present pay scale, the fourth time scale pay scale will be determined by including dearness allowance, which will be different for the employees of each department. At present only the maximum grade pay of 8900 (matrix level 16) is payable under promotion and time scale pay scale.

How much benefit will the employee of which cadre

First class – 10 to 14 thousand rupees,
second class – 6 to 8 thousand rupees

Third class – 4 to 6 thousand rupees

Fourth class – 2 to 4 thousand rupees

The post Employee Update: These employees will get a benefit of Rs 14 thousand, check details first appeared on Rightsofemployees.com.

With this, the employees contributing to EPFO ​​will now be able to get more benefits. The Ministry of Labor and Employment, Government of India, has given the approval of the Central Government under Para 60 (1) of the Employees’ Provident Fund Scheme, 1952, for crediting interest for the year 2022-23 in the account of each member of the EPF scheme.

The Union Labor Minister had recommended that

The Central Board of Trustees of EPFO ​​is headed by the Union Labor and Employment Minister Bhupendra Yadav. Bhupendra Yadav had recommended 8.15% interest rate for the year 2023. He made this recommendation on March 28 for the financial year 2023. Usually, the interest rate is notified by the Finance Ministry in the first quarter of the financial year and the customers were waiting for the FY23 notification. But now after getting the permission from the Finance Ministry, the benefits will be available to the employees soon.

Will benefit from the current interest rate

The 8.15% interest rate for EPF contribution for FY2013 is higher than the lowest level of 8.1% since FY2012. Earlier, the lowest interest rate on EPF deposits was 8% in 1977-78. Employees who have made their contribution to EPF were expecting higher rate of interest on EPFO ​​contribution for a long time. For FY23, EPFO ​​is estimated to earn Rs 90,497.57 crore. EPFO is the largest retirement fund manager in the country with 70.2 million (7.2 crore) contributing members and 0.75 million contributing establishments. Interest credit for FY22 was delayed for subscribers due to software issues as passbooks of subscribers had to be split into taxable and non-taxable contributions. This was due to income tax on EPFO ​​savings income which was implemented on contributions above Rs 2.5 lakh in 2021-22.

The rate of interest has been very high

in the past, the rate of interest that is running at present has been the lowest rate of interest in the last several years. If we look at the interest rates before 2020, it is understandable that the government was giving more benefits to the employees before this. After the arrival of Corona in 2020, it was reduced to 8.1 percent. But if we look at the interest rates before that, it was 8.50% in 2020-21, 2019-20, it has been up to 8.65% in 2018-19. Similarly, from 2013 to 15, it has been up to 8.75%. But after Corona, the government had reduced it considerably.

The post Good News! EPFO interest rate increased, you will benefit this much first appeared on Rightsofemployees.com.

Crores of people file income tax returns in the country. At the same time, the last date for filing income tax return has come. By 31 July 2023, taxpayers will have to disclose their earnings made in the financial year 2022-23. On the other hand, if someone does not file income tax return by the due date, then those people may also have to pay a fine. At the same time, more than 6 crore people have filed their ITR.

On the other hand, filing of income tax return this time is very special because this time a good news has also been given to the people by the Modi government. In fact, in Budget 2023, an important announcement was made by Union Finance Minister Nirmala Sitharaman and people were exempted from the tax filing limit. Crores of people have also benefited from this exemption.

New tax regime

Actually, the Modi government had increased the exemption in the income tax limit in the new tax regime. It was announced in Budget 2023 that if a taxpayer files income tax return under the new tax regime, then he will get exemption on annual income up to Rs 7 lakh. This means that if people file income tax returns under the new tax regime, they will not have to pay any tax up to an annual income of Rs 7 lakh.

Along with this, the Modi government has also given the people the benefit of standard deduction in the new tax regime. If you work on salary, then people will also get standard deduction of Rs 50 thousand from the new tax regime. In such a situation, along with tax exemption on annual income of Rs 7 lakh, people will also get a standard deduction of Rs 50 thousand. In such a situation, people can get tax exemption from the new tax regime up to an income of up to Rs 7.5 lakh annually.

The post Big Relief for Taxpayers! Big announcement of the government people will get benefit first appeared on Rightsofemployees.com.

It is a non-linked, non-participating personal savings and life insurance plan. This plan provides financial help to the family in case of untimely death of the life assured during the policy term. On the other hand, if you survive till one age, the total premium amount paid is returned.

Life Insurance Corporation of India has announced this new insurance scheme through official Twitter. The plan has different premium rates for both smokers and non-smokers.

LIC Jeevan Kiran Policy

The minimum Basic Sum Assured under this policy is Rs.15,00,000 and there is no limit on the maximum Basic Sum Assured. This scheme is not for housewives and pregnant women. If the Kovid-19 vaccine has not been imposed, then restrictions may apply. The minimum policy term is 10 years and the maximum policy term is 40 years. Premium can be paid in lump sum. Also you can do monthly, quarterly, half yearly and yearly.

Maturity Benefits

If the policy is still in force, the Sum Assured on Maturity shall be equal to the “Total Premiums Received by LIC” under Regular Premium or Single Premium Payment Policy. Life Insurance coverage will be canceled immediately on completion of maturity.

Death Benefit under this policy

If death occurs within the policy term after the date of commencement of risk under the policy and before the date of maturity, the Sum Assured on Death will be paid. For regular premium paying policies, the Sum Assured on Death is defined as the highest of seven times the annualized premium. This will be 105 percent of the principal amount.

This policy covers all types of death

On the other hand, under the single payment policy, the sum assured on death is defined as the higher of the lower. It will be 125% of the single premium. The plan covers all types of deaths, including accidental deaths, except suicide during the first year.

The post LIC Jeevan Kiran Plan: LIC launched Jeevan Kiran life insurance policy, know maturity benefit , premium & death benefits first appeared on Rightsofemployees.com.

The post Good News for women! Government will give 2,000 rupees every month to women, you can also apply first appeared on Rightsofemployees.com.

The last date for filing Income Tax Return is getting closer. In such a situation, those people who have not yet filed their personal income tax return, they will have to file ITR by 31 July 2023 for the income of the financial year 2022-23. At the same time, for filing ITR, people will have the option of filing ITR from the new tax regime and the old tax regime.

Income tax return

While presenting the Budget 2023, many new announcements were also made by the Modi government. During this, a big announcement related to standard deduction for taxpayers was also made by Finance Minister Nirmala Sitharaman. Actually, earlier the benefit of standard deduction was not available in the new tax regime, but it was announced in the budget 2023 that now the benefit of standard deduction can also be obtained from the new tax regime.

Standard Deduction

The term standard deduction refers to the portion of income that is not subject to tax which can be used to reduce your tax. Now income taxpayers can get the benefit of standard deduction on filing tax even after filing ITR from the new tax regime.

Standard deduction under the new tax regime

The benefit of standard deduction available to salaried and pensioners (including family pensioners) has been introduced under the new tax regime. A person opting for the new tax regime for the financial year 2022-23 will be eligible to claim standard deduction of Rs 50,000. Family pensioners opting for the new tax regime will be eligible to claim standard deduction of Rs 15,000.

Zero tax on income up to Rs 7 lakh

A person opting for the new tax regime for the financial year 2022-23 will have to pay zero tax if the taxable income does not exceed Rs 7 lakh in a financial year. In addition, a person with a taxable income of up to Rs 7.5 lakh can claim the benefit of standard deduction of Rs 50,000. This will reduce his taxable income to Rs 7 lakh and thus he will get zero tax liability.

The post Standard Deduction Benefits: Government had announced a few months ago, now getting the benefit first appeared on Rightsofemployees.com.

You can invest in LIC’s Jeevan Labh Plan 936 with various objectives. These days there is a discussion about this policy that through this you can get Rs 54 lakh on maturity by saving only Rs 7,572 every month. Let us tell you how?

Features of Jeevan Labh Plan:

In the Jeevan Labh Plan of Life Insurance Corporation of India, investors get the option to choose the amount and term of the premium as per their choice. In this plan, if the policy holder survives till maturity, he gets a huge maturity amount along with other benefits including sum assured and bonus. On the other hand, on the unfortunate death of the insured, the nominee is paid sick money and bonus.

How to get 52 lakhs from 250 rupees daily?

The minimum age for buying a Jeevan Labh policy is 18 years and the maximum is 59 years. Suppose, if a person at the age of 25 years takes a Jeevan Labh policy for a term of 25 years, he will have to invest Rs.7400 per month or Rs.246 per day. Accordingly, this amount will be Rs 86,954 annually and on maturity he will get an amount of Rs 52,50,000 lakh. This includes the benefit of Sum Assured and Reversionary Bonus and Final Additional Bonus. However, the rate of bonus keeps changing, hence the maturity amount may change.

The policy can be bought in the name of children as well.

The special thing about this scheme is that it is available from children to old age people. Any citizen between 8 years to 59 years can invest in Jeevan Labh Yojana. Insurance holders can deposit money for the policy term 10, 13 and 16 years. Whereas, money is given on maturity in the period of 16 to 25 years. A person of 59 years can choose an insurance policy for 16 years, so that his age does not exceed 75 years.

The post LIC’s Dhansu plan: Daily saving of Rs 250, benefit of 52 lakhs, know complete details first appeared on Rightsofemployees.com.

Decision can also be taken on case to case basis

A committee headed by the Chief Secretary has been constituted vide Government Order No. 183-JK (HE) of 2023 to scrutinize each case or decide the eligibility for age increase on any case. This will work to decide the age in these cases. The Higher Education Department (HED) has informed the Registrar, University of Jammu, about the government’s decision for necessary action and dissemination of information.

These will be the parameters

According to the government order, before reaching the age of 62 years, the performance of university professors will be thoroughly reviewed and evaluated on several parameters. The committee will consider the performance of the professor, including his physical and mental health and suitability for teaching.

Decision will be taken on the basis of these

According to the order, the committee will additionally evaluate academic contribution of professors considering parameters such as number of publications, books, chapters of books, seminars, conferences and workshops attended, development of new courses and courses, patents. The order states that the committee will evaluate the contribution of professors to the institute, including their participation in university committees and their contribution to the betterment of the institute.

The post Good news for employees! Big Announcement! The retirement age of these employees has been increased to 65 years., will get benefit first appeared on Rightsofemployees.com.

Changes made based on feedback

Soon you can see the blue colored Vande Bharat in orange and gray color combination. Union Railway Minister Ashwini Vaishnav has said that 25 new developments have been made in Vande Bharat train and all these changes have been made on the basis of passengers’ feedback.

The new color of the train taken from the tricolor

The Railway Minister said that we have worked and made changes in the train only on the basis of the feedback received from the Vande Bharat train that landed on the ground. Along with this, work is also being done on a new safety feature anti-climbers. On the new color of Vande Bharat, Railway Minister Ashwini Vaishnav told that the new color has been taken from the tricolor.

Inspected Vande Bharat train production at ICF, Chennai. pic.twitter.com/9RXmL5q9zR

— Ashwini Vaishnaw (@AshwiniVaishnaw) July 8, 2023

Trial of new train is going on

Railway Board had earlier asked ICF Chennai to design Vande Bharat train in new colour. Along with this, changing the color will also give a lot of benefit in the maintenance and upkeep of the train. At present, the Vande Bharat train with orange and gray color is currently being trialled. On the basis of Dubback, it has been decided to adopt this color or theme even further.

Apart from this, now the Railways has decided to give discount in Vande Bharat train as well . 25 per cent discount scheme has been introduced in the fare of AC Chair Car and Executive class including Anubhuti and Vistadome coaches. At the same time, other charges like reservation fee, super fast surcharge, GST etc. will be levied separately on the passengers traveling in the train, whichever is applicable.

The post Vande Bharat Train: Big Changes…! These 25 changes will be made in Vande Bharat train, passengers will get benefit first appeared on Rightsofemployees.com.

7 days to 14 days: For general public – 3.00 per cent; For senior citizens – 3.50 per cent
15 days to 29 days: For general public – 3.00 per cent; For senior citizens – 3.50 per cent
30 days to 45 days: For general public – 3.50 per cent; For senior citizens – 4.00 per cent
46 days to 60 days: For general public – 4.50 per cent; For senior citizens – 5.00 per cent
61 days to 89 days: For general public – 4.50 per cent; For Senior Citizens – 5.00 per cent
equivalent to 90 days to 6 months: For General Public – 4.50 per cent; For senior citizens – 5.00 per cent
6 months 1 day to less than 9 months: For general public – 5.75 per cent; For senior citizens – 6.25 percent
9 months 1 day to less than 1 year: For general public – 6.00 per cent; For senior citizens – 6.50 per cent
1 year to less than 15 months: For general public – 6.60 per cent; For senior citizens – 7.10 per cent
15 months to less than 18 months: For general public – 7.10 per cent; For senior citizens – 7.60 per cent
18 months 1 day to less than 21 months: For general public – 7.00 per cent; For senior citizens – 7.50 percent
21 months to 2 years: For general public – 7.00 percent; For Senior Citizens – 7.50 per cent
2 years 1 day to 2 years 11 months: For General Public – 7.00 per cent; For senior citizens – 7.50 per cent
2 years 11 months 1 day to 3 years: For general public – 7.00 per cent; For senior citizens – 7.50 percent
3 years 1 day to 4 years 7 months: For general public – 7.00 per cent; For senior citizens – 7.50 per cent
4 years 7 months to 55 months: For general public – 7.25 per cent; For Senior Citizens – 7.75 per cent
5 years 1 day to 10 years: For General Public – 7.00 per cent; For senior citizens – 7.50 percent

Axis Bank FD Rates

7 days to 14 days: 3.50 per cent for general public; 3.50 per cent for senior citizens
15 days to 29 days: 3.50 per cent for general public; 3.50 per cent for senior citizens
30 days to 45 days: 3.50 per cent for general public; 3.50 per cent for senior citizens
46 days to 60 days: 4.00 per cent for general public; 4.00 per cent for senior citizens
61 days to less than 3 months: 4.50 per cent for general public; 4.50 per cent for senior citizens
3 months to less than 4 months: 4.75 per cent for general public; 4.75 per cent for senior citizens
4 months to less than 5 months: 4.75 per cent for general public; 4.75 per cent for senior citizens
5 months to less than 6 months: 4.75 per cent for general public; 4.75 percent for senior citizens
6 months to less than 7 months: 5.75 per cent for general public; 6.00 per cent for senior citizens
7 months to less than 8 months: 5.75 per cent for general public; 6.00 per cent for senior citizens
8 months to less than 9 months: 5.75 per cent for general public; 6.00 percent for senior citizens
9 months to less than 10 months: 6.00 percent for general public; 6.25 per cent for senior citizens
10 months to less than 11 months: 6.00 per cent for general public; 6.25 per cent for senior citizens
11 months to less than 11 months 25 days: 6.00 per cent for general public; 6.25 per cent for senior citizens
11 months 25 days to less than 1 year: 6.00 per cent for general public; 6.25 percent for senior citizens
1 year to less than 1 year 4 days: 6.75 per cent for general public; 7.50 per cent for senior citizens
1 year 5 days to less than 1 year 11 days: 6.80 per cent for general public; 7.55 per cent for senior citizens
1 year 11 days to less than 1 year 24 days: 6.80 per cent for general public; 7.55 per cent for senior citizens
1 year 25 days to less than 13 months: 6.80 per cent for general public; 7.55 per cent for senior citizens
13 months to less than 14 months: 7.10 per cent for general public; 7.85 per cent for senior citizens
14 months to less than 15 months: 7.10 per cent for general public; 7.85 per cent for senior citizens
15 months to less than 16 months: 7.10 per cent for general public; 7.85 percent for senior citizens
16 months to less than 17 months: 7.10 per cent for general public; 7.85 per cent for senior citizens
17 months to less than 18 months: 7.10 per cent for general public; 7.85 percent for senior citizens
18 months to less than 2 years: 7.10 percent for general public; 7.85 per cent for senior citizens
less than 2 years to 30 months: 7.05 per cent for general public; 7.80 per cent for senior citizens
30 months to less than 3 years: 7.00 per cent for general public; 7.75 percent for senior citizens
3 years to less than 5 years: 7.00 percent for general public; 7.75 per cent for senior citizens
5 years to 10 years: 7.00 per cent for general public; 7.75 percent for senior citizens

SBI FD Rates

7 days to 45 days: For general public – 3.00 per cent; For senior citizens – 3.50 per cent
46 days to 179 days: For general public – 4.50 per cent; For senior citizens – 5.00 per cent
180 days to 210 days: For general public – 5.25 per cent; For senior citizens – 5.75 per cent
211 days to less than 1 year: For general public – 5.75 per cent; For senior citizens – 6.25 per cent
1 year to less than 2 years: For general public – 6.80 per cent; For Senior Citizens – 7.30 per cent
2 years to less than 3 years: For General Public – 7.00 per cent; For senior citizens – 7.50 per cent
3 years to less than 5 years: For general public – 6.50 per cent; For senior citizens – 7.00 percent
5 years to 10 years: For general public – 6.50 per cent; For senior citizens – 7.50 percent

The post SBI vs Axis Bank vs HDFC Bank: Check interest rates before getting FD, you will get more benefit first appeared on Rightsofemployees.com.

However, in the meantime, the Central Board of Direct Taxes (CBDT) has issued a notification saying that some people can be given relief even after not having a PAN-Aadhaar link. Taxpayers who have deposited their Aadhaar-PAN linking fee before the June 30 deadline. Their PAN will be saved from being inoperative and relief will be given in this matter.

The Income Tax Department said in its tweet that such cases have come to the fore, where it has been seen that PAN holders are facing difficulties in downloading the challan after paying the fees for PAN-Aadhaar linking. For such cases, it is being informed that the status of challan payment can be checked in the ‘e-pay tax’ tab after login on the income tax portal. If the payment is successful, the PAN holder can proceed with the process of linking PAN with Aadhaar.

The Income Tax Department gave relief.

The department further said in a tweet that in cases where the PAN cardholder has paid and given consent, but their linking has not happened by June 30, 2023, their cases will be considered by the department. will be done and they will be given relief.

No need to download the challan receipt

The Income Tax Department said that there is no need to download the challan receipt for linking half of the PAN. The department said that as soon as the PAN holder completes the successful payment, an email is being sent to them with a copy of the challan. In such a situation, they do not need to download it separately.

Let us tell you that the law to link PAN with Aadhaar has come into force from July 1, 2017. Yesterday i.e. 30 June 2023 was the last date to link it. In such a situation, if a person has not been able to link his Aadhaar with PAN by June 30, 2023 and wants to link it at a later date, both can be linked after paying a fine to the Income Tax Department.

The post Income Tax Department gave big relief on PAN-Aadhaar linking, know who will get its benefit first appeared on Rightsofemployees.com.

There is good news for those living in rented houses. Because the government has formed a committee to waive the stamp duty on the rent agreement. Let us tell you that earlier the Uttar Pradesh government has also given this facility to the people of its state. However, this discount will be available only to those people whose fare is up to Rs.10,000. That is, the renters above 10 thousand will not get the benefit of this exemption. Sources claim that very soon the government is going to make an announcement regarding the rent agreement.

In fact, in the Urban Premises Tenancy Regulation Ordinance-2021 

it was made mandatory to make an agreement for giving and taking houses on rent. In which the government is talking about making some amendments. However, no official statement from the government has yet come on this. Let us tell you that many people do not even get the rent agreement done because of the fee. Keeping all these things in mind, the government is going to make a rule that those with less than 10,000 rent need not pay any stamp duty.

They will not get exemption

According to the rules, after the lapse of one year, the proposed exemption will be given again on the agreement for one year. At the same time, there will be no provision of exemption on big buildings, commercial buildings. It is being told that first few states will follow it. After this, there is a possibility of implementing it in the whole country. Adequate security provisions have been made in the Tenancy Act to protect the interests of the building owner and the tenants. Because nowadays the cases of possession of houses have increased. That’s why the rent agreement is very important for both the buyer and the seller.

The post Rent Agreement exemption: Big news for those living in rented houses, the government will give this much exemption first appeared on Rightsofemployees.com.

PPF Scheme is a best option for investment in today’s time. If you also invest money in the Public Provident Fund Scheme, then there is good news for you. In this scheme, you get the benefit of compounding interest from the government, but if you are confused that how much you should invest every month and on which you will get the benefit of interest. Come, let us tell you today, if you invest Rs 2000, 3000, 4000 and 5000 every month, then how much money will you get on maturity-

How much money will you get after depositing 2000 monthly?

If you deposit Rs 2000 in the PPF scheme, then in a year you will get around Rs 24,000. In this way, in about 15 years, your Rs 3,60,000 will be deposited. At the same time, in this you will get the benefit of interest at the rate of 7.1 percent. The amount of interest you will get will be Rs 2,90,913. At the same time, you will get a total of Rs 6,50,913 on maturity.

How much money will be received by depositing 3000 every month?

If any investor deposits Rs 3000, then according to this, in 12 months, you will deposit around Rs 36,000. If you invest in it continuously for 15 years, then Rs 5,40,000 will be deposited, in which you will get Rs 4,36,370 as interest. Wherein, maturity will get Rs 9,76,370.

How much money will be received on the investment of 4000?

If you invest 4000 every month, then in one year you will get around 48,000 rupees. If you invest this continuously for 15 years, then your total deposit amount will be Rs 7,20,000 and the interest amount will be around Rs 5,81,827. In this case you will get Rs 13,01,827 on maturity.

How much money will be received on the investment of 5000?

If any investor invests Rs 5,000 in PPF scheme, then around Rs 60,000 will be deposited in a whole year. After this, if you continue this investment for the next 15 years, then you will accumulate around Rs 9 lakh. If we talk about the amount of interest in this, according to the current interest rate, Rs 7,27,284 will be deposited. You will get around Rs 16,27,284 lakh on maturity.

The post Super PPF Scheme: Deposit Rs 2000 every month, you will get a total of Rs 6,50,913 on maturity, check details first appeared on Rightsofemployees.com.

PPF account comes with a lock-in period of 15 years from the end of the financial year in which the account is opened. So if you open a PPF account for your child early in his life, by the time he starts working or becomes a senior (i.e., turns 18), his account would have matured However, do note that you can deposit the total amount in both the accounts (i.e., yours and your child’s) together.

As per the existing laws, it should not exceed Rs.1.5 lakh in a financial year. This is also the maximum amount that you can put into a PPF account in a financial year and avail of the Section 80C tax exemption. This section 80C tax benefit is available only if you opt for old tax regime while filing income tax return.

Your child will get this benefit

Once your child turns 18, he can decide to continue with the PPF account. He will be able to use PPF account with a shorter lock-in period of 5 years as compared to the normal lock-in. 15 years which a normal investor would have to face on opening a new account. This is beneficial as currently the PPF account enjoys EEE status, ie contributions are tax exempt, interest is tax free, and withdrawals are also tax free. PPF is considered a good way to invest, but the long lock-in period of 15 years poses a problem. This deficiency will go away/reduce to a great extent for your child.

Partial withdrawal facility

As per PPF rules, you get the facility to withdraw money from your PPF account from the 7th year onwards subject to certain terms and conditions. Withdrawal rules are different for Extended PPF account. In the extension years of the PPF account, the account holder has the option to withdraw once in a financial year. However, the maximum amount you can withdraw depends on whether you have augmented the account with or without contribution.

If the PPF account is extended without any contribution, one can withdraw any amount to the extent of the balance available in the account. On the other hand, if the account is extended with fresh contributions, the amount of withdrawal during a block of five years cannot exceed 60 per cent of the balance available at the beginning of the extension period.

The post PPF Account: Why is it necessary to open PPF account for children, what is its benefit first appeared on Rightsofemployees.com.

After retirement, your accumulated capital is the biggest support. But suppose that suddenly a situation arises in which your accumulated capital is also spent and you need more money, then what will you do? Even in such a situation, you do not need to worry. Such a loan scheme is run by the State Bank of India, through which even the elderly can avail the loan facility from the bank.

After retirement, if you have to build a house, there is any need related to daughter’s marriage or treatment and money is not being arranged from anywhere, then you can take advantage of the State Bank of India Pension Loan Scheme. can take. SBI provides loan facility to pension holders under this scheme. But the amount you will get from the bank as a loan depends on your pension. Let us tell you about this loan scheme of SBI for pensioners.

These are the terms and conditions of the loan

• This loan given to pensioners is just like a personal loan. To take this, it is necessary that the pension payment order of the borrower should be with the State Bank of India.
• To apply for pension loan from SBI, the age of the pensioner should be less than 76 years.
• The pensioner will have to give an undertaking that during the period of the loan, he will not amend his mandate to the treasury.
• Treasury will have to give in writing that till the No Objection Certificate is issued from the bank, 
• The Treasury will not accept any request by the pensioner for transfer of pension payment to any other bank.
• The repayment period of the loan is 72 months, which must be repaid till the age of 78 years.

Features of Pension Loan 

The specialty of pension loan is that the processing fee is very less in this. The process of getting the loan is very quick and there is no need to submit too many documents. The interest rates charged on pension loans are also usually lower than personal loan interest rates. There are no hidden charges in this. Pensioners get EMI option to repay the loan. You can apply for pension loan in any branch of SBI.

Other information related to loan will be found here

If you want to get other information related to SBI loan, then you can visit the official website of SBI https://sbi.co.in/ . Apart from this, you can get information related to this by dialing toll free number 1800-11-2211. Along with this, you can also apply for pension loan from this number. Give a missed call to 7208933142 or SMS ‘PERSONAL’ to 7208933145 to get a call back from SBI’s Contact Centre.

The post Pensioners special scheme: This special scheme of SBI is for pensioners, can be very useful in emergency.. know how to get benefit first appeared on Rightsofemployees.com.

If you file income tax return, keep one important thing in mind. Actually, while filing ITR, take care of Standard Deduction. Standard deduction is available to individuals and pensioners. Standard Deduction is a fixed amount that is allowed as a deduction from the taxable income of an individual. It helps in reducing the taxable income of individuals and provides relief from tax liability.

Standard Deduction

Standard Deduction was introduced in India in 1974, which was later discontinued. Union Budget 2018 reintroduced it and currently it is available for salaried individuals and pensioners. This deduction reduces the taxable income of the individual and hence his tax liability comes down. Standard deduction was applicable only for those individuals who opt for the old tax regime. However, from the current financial year (FY 2023-24) the benefit is given to those individuals who opt for the new tax regime.

Income Tax Standard Deduction FY 2023-24

The Standard Deduction for salaried individuals for the financial year 2023-2024 is Rs 50,000. This is a flat deduction which can be claimed irrespective of the actual expenses incurred on transport allowance and medical allowance. The Standard Deduction is available to all salaried individuals, including those employed by the government, private companies, or non-profit organizations.

Taxable Income

Standard Deduction is a tax benefit that can help you reduce your taxable income. For example, if your taxable income is Rs 100,000 and you claim standard deduction of Rs 50,000, your taxable income will be reduced by Rs 50,000. This would result in a tax saving of Rs 12,500 (assuming you are in the 25% tax bracket).

Who can claim standard deduction of Rs 50,000?

Individuals receiving salary or pension from government organization, private company or any other employer can claim standard deduction of Rs.50000.

Who is not eligible for standard deduction?

Standard deduction of Rs.50,000 or the amount of salary, whichever is less, is available to all salaried individuals and pensioners. Self-employed individuals are not eligible for standard deduction.

How to claim standard deduction?

To claim the standard deduction, you need to file your Income Tax Return (ITR) with the Income Tax Department. You can file your ITR online or offline. When you file your ITR, you will need to enter the amount of Standard Deduction that you are claiming. Standard deduction is a valuable tax benefit that can help reduce your taxable income. If you are a salaried individual, you should consider claiming standard deduction while filing your income tax return.

The post Standard Deduction: Do not forget to claim it while filing income tax return, there will be a benefit of Rs 50,000 first appeared on Rightsofemployees.com.

4% increase in dearness allowance

In fact, despite the poor financial condition, the Dearness Allowance of the employees has been increased by 4% by the Uttar Pradesh Power Corporation. Orders have been issued for this. Electricity employees will be given the benefit of dearness allowance at the rate of 42 per cent at the same rate as central employees. Please tell that at present the benefit of 38 percent dearness allowance is being given to the electricity employees. And now his dearness allowance has been increased by 4 percent.

They will get benefit

This information was given by Uttar Pradesh Power Corporation Chairman M Devraj on Monday. Employees of all distribution companies of Uttar Pradesh Power Corporation, State Power Generation Corporation, Transmission Corporation, Jal Vidyut Nigam will also get the benefit of increase in dearness allowance.

37000 benefits to permanent employees

According to the information, there are about 37000 permanent employees including all these companies. Those who will be given the benefit of increase in dearness allowance. Arrears from January to May will be paid into the PF account of the employees. On the other hand, the salary of June which will be received in July, along with the benefit of DA increase, will be made available to them in cash.

Dearness allowance of UP employees was increased

The dearness allowance of the employees was increased by the Uttar Pradesh government. Orders were issued for this. The increase in dearness allowance for the employees was seen in the month of May. However, the employees were waiting for an increase in dearness allowance for a long time.

After the announcement of the increase in the month of March by the central government, it was believed that in the month of April, the Uttar Pradesh government could give a big gift to its employees. However, dearness allowance for the employees was increased by 4 per cent in the month of May. Also the arrears were to be paid in EPF. Dearness allowance has been increased for the employees of Jal Nigam, including the power sector.

The post Employees DA Increased: Order issued for increase in DA…! 5 months arrears will be paid, up to 42000 rupees will come in the account in July first appeared on Rightsofemployees.com.

A continuous decline is being seen in the price of gold and silver. Gold, which reached close to 62,000 in the beginning of May, has now fallen below 60,000. A day before on Tuesday also there was a decline in gold and silver. The same trend continued on Wednesday as well. In the first week of May, gold climbed up to Rs 61739 and silver reached Rs 77280 per kg.

Softening in the rate of gold and silver

There is a slight increase in the rates of both the metals on the Multi Commodity Exchange (MCX). But the situation in the bullion market remains upside down. Even on MCX, the gold rate is running below Rs.60,000. Silver is running at the level of Rs 72,000. In the recent situation, even though a decline is being seen in the price of gold and silver. But experts are expecting a rise in the rates of both the precious metals in the coming times.

Rise in the rate of gold and silver on MCX

On Wednesday, a rise in the rate of gold and silver is being seen on the Multi-Commodity Exchange (MCX). On MCX on Wednesday, gold rose by Rs 53 to Rs 59271 per 10 grams and silver climbed Rs 315 to Rs 72409 per kg. Earlier on Tuesday, gold had closed at Rs 59218 and silver at Rs 72554 per kg on MCX.

The prices of broken gold and silver bullion market are published on https://ibjarates.com . Apart from the rate issued on the website, you have to pay GST and making charge at the time of purchase. On Wednesday, the price of gold fell by Rs 500 in the bullion market and reached Rs 59347 per 10 grams. Similarly, silver fell by Rs 1000 to reach the level of Rs 72173 per kg.

The post Gold Price Today: Now 10 grams will have this much benefit, Here is today’s rate first appeared on Rightsofemployees.com.

This will benefit about 6 crore active members of EPFO. The benefit of new interest rates will also be given to the EPF account holders of VPF and Trust.

The meeting of the Central Board of Trustees (CBT) of EPFO, which started on Monday, continues on Tuesday, March 28. According to EPFO, the interest rate for the financial year 2022-23 has been fixed at 8.15 percent. The Central Board has recommended depositing 8.15 per cent annual interest rate on EPF in the accounts of the members for the financial year 2022-23.

This interest rate will be officially implemented after the approval of the Finance Ministry. After this, EPFO ​​will deposit the amount of interest rate in the accounts of its customers.

According to EPFO, the interest rate of EPF account has been increased by 0.05 percent, after which the interest rate of total EPF account has been increased to 8.15 percent. Let us inform that last year for the financial year 2021-22, EPFO ​​had fixed the interest rate for EPF account at 8.10 percent.

EPFO will start crediting interest rate in EPF accounts after the announcement of the Finance Ministry. This notified interest rate will also be applicable on Voluntary Provident Fund (VPF) deposits. Employees who have their EPF accounts with exempted trusts will also get this rate of interest on their EPF deposits. The rate of interest of EPF being increased to 8.15% guarantees an increase in income to the members. At the same time, the interest rate of 8.15 percent and the surplus of 663.91 crores is more than the previous year.

The post EPF Interest Increased: EPFO has increased the interest rate, 6 crore people will get benefit first appeared on Rightsofemployees.com.

After the recent hike in interest rates, now fixed deposits have become an inflation-beating option after a long time. A good way to build a strong FD portfolio is to include short and long term FDs in your portfolio instead of investing all your money in a single scheme. Invest a portion in a 5-year FD, where tax benefits are available under section 80C of the Income Tax Act.

While keeping in mind the liquidity, invest the remaining money in different short term FDs. If you want to do this, then you can go for the time deposit scheme of the post office, where 4 options of different tenures will be merged together.

1 year to 5 years option

The time deposit scheme of the post office is a type of fixed deposit. There is an option to do FD of 1 year, 2 years, 3 years and 5 years. Up to 7.5 percent annual interest is being received in these different tenure schemes. Investors who do not want to take market risk at all and are looking for stable returns while keeping their deposits safe, then the post office time deposit scheme is a better option.

1 year TD: 6.8% interest per annum

Deposit: Rs 10 lakh
Tenure: 1 year
Interest: 6.8% per annum
Maturity Amount: Rs 10,69,754
Interest lost: Rs 69,754

2 year TD: 6.9% interest per annum

Deposit: Rs 10 lakh
Tenure: 2 years
Interest: 6.9% per annum
Maturity Amount: Rs 11,46,625
Interest lost: Rs 1,46,625

3 years TD: 7% interest per annum

Deposit: Rs 10 lakh
Tenure: 3 years
Interest: 7% per annum
Maturity Amount: Rs 12,31,439
Interest lost: Rs 2,31,439

5 year TD: 7.5% interest per annum

Deposit: Rs 10 lakh
Tenure: 5 years
Interest: 7.5% per annum
Maturity Amount: Rs 4,49,948
Interest lost: Rs 3,83,000

Features and benefits of the scheme

• It has the facility to open single and joint accounts. There can be 3 adults in a joint account.
• The special thing about this scheme is that an investor can open multiple accounts.
• On depositing at least Rs 1000, an account can be opened in any post office. There is no limit on the maximum deposit.
• In this scheme, the benefit of tax exemption is available on the investment made for 5 years.
• Keeping the account as security, you can also take a loan instead.
• There is no risk due to being a government deposit.
• Account can be transferred from one post office to another post office.

Safer than bank FD

It is a safer investment than bank FDs, as it provides government guarantee on the investor’s capital and the interest earned. Whereas, in bank FD, you get protection only up to a maximum amount of Rs 5 lakh on capital and interest as per the rules of Deposit Insurance and Credit Guarantee Corporation (DICGC).

Facilities available at Post Office TD

• Nomination facility at Post Office TD
• Facility to transfer account from one post office to another
• Facility to open multiple TDs in same post office
• Facility to convert single account to joint or joint account to single
• Account extension facility
• Online account opening facility through intra operable netbanking / mobile banking

The post Post Office TD: Benefit up to 4.5 lakhs on 10 lakhs first appeared on Rightsofemployees.com.

Looking at the new savings schemes, now you will easily start getting the benefit of 8% in the government savings scheme. You can take advantage of all these schemes from any government or post office bank as well as national bank.

7.7% interest option introduced.

Government’s investment plan National Savings Certificate has been increased by 0.7%. Now for the new interest rate, you will have to invest between April 1 and June 30, 2023, and you will be provided an interest of 7.7% for this, let us tell you here that this interest rate was just 7% before April 1.

8% interest option introduced.

The change in the interest rates of Sukanya Samriddhi Yojana, the most known and recognized small savings scheme in India, has come into force from today. Changes in the interest rates of Sukanya Samriddhi Yojana have been increased by 0.4%.

People investing in Sukanya Samriddhi Yojana will now be provided an interest rate of 8%. Here you should be aware that earlier the interest rate of 7.6% was being made available on Sukanya Samriddhi Yojana.

Option presented with 8.2%.

If any person in the house comes in the senior citizen category, then the Government of India has also revised the interest rates for them. The interest rate for senior citizens, which was earlier 8%, has now been increased to 8.2%. To get this interest, you have to deposit your investment under the Senior Citizen Savings Scheme.

The post Post Office: Interest of 8.2% has started in the government scheme from today. Private Bank’s FD is behind. first appeared on Rightsofemployees.com.

Today we are going to tell you about such a government scheme, in which you will get full 35 lakh rupees from the government. If you also want to become a millionaire without risk then this is a great plan for you. Post office and bank FDs are still considered the best option for investment.

What is the name of the scheme?

Let us tell you that the name of this post office scheme is Gram Suraksha Yojana, in which you get full 35 lakh rupees from the government. This scheme was started by India Post for the customers. This protection plan is one such option in which you can get good returns with low risk. In this scheme you have to deposit Rs 1500 every month.

There will be benefit of up to Rs 35 lakh

If you invest regularly in this scheme, then in the coming time you will get the benefit of Rs 31 lakh to Rs 35 lakh.

Know how to get benefit?

Suppose a person invests in this scheme at the age of 19 and buys a policy of Rs 10 lakh, then his monthly premium will be Rs 1515 for 55 years, Rs 1463 for 58 years and Rs 1411 for 60 years . The policy buyer will get Rs 31.60 lakh for 55 years, Rs 33.40 lakh for 58 years and Rs 34.60 lakh for 60 years on maturity.

Know the rules of investment

Any Indian citizen between the age of 19 to 55 years can invest in this scheme.

The minimum sum assured under this plan can range from Rs 10,000 to Rs 10 lakh.

The premium payment for this plan is monthly, quarterly, half-yearly or annually.

You can also take a loan on this scheme.

You can also surrender this scheme after 3 years of taking it.

The post Post Office’s superhit scheme, deposit Rs 1,500 every month and get 35 lakhs on maturity first appeared on Rightsofemployees.com.

The bank has revised its marginal cost-based lending rates (MCLR) for the month of June 2023. Your home loan interest rates are decided on the basis of this. Home loan rates are decided on the basis of MCLR only. ICICI Bank has both cut and increased these rates.

ICICI Bank MCLR Rates

ICICI Bank has reduced the one month MCLR from 8.50% to 8.35%. The three-month MCLR has been reduced by 15 basis points (bps) from 8.55% to 8.40%. The bank has increased the MCLR by 5 bps each to 8.75% and 8.85% for tenors of six months and one year, respectively.

Now these are the new rates

Overnight: Old rate – 8.35 per cent; New rate – 8.35 percent

One month: Old rate – 8.50 per cent; New rate – 8.35 percent

Three months: Old rate – 8.55 per cent; New rate – 8.40 percent

Six months: Old rate – 8.70 per cent; New rate 8.75 percent

One year: Old rate – 8.80 per cent; New rate 8.85 percent

loan will be expensive

ICICI Bank has made the loan costlier. The bank has increased the interest rates linked to the repo rate (external benchmark linked loan interest rates – EBLR). By doing this of the bank, all types of loans including home, auto and personal loans will become expensive. This will directly affect your EMI. The bank has increased it by 10 basis points. These new rates have come into effect from today, June 1.

The post ICICI Bank revised home loan rates, these customers will benefit and they will suffer first appeared on Rightsofemployees.com.

Yes, the people working under the central government are going to get big benefits soon. There is going to be a big jump in his salary. In one stroke, the salary of the employees is going to increase by Rs 9000 per month.

This change will be under a rule of the Central Government. Let us tell you that when this rule made in 2016 is implemented, there will be a huge jump in the salary of central employees.

Now getting 42 percent dearness allowance

This change will happen after the rise in DA Hike. Actually, under the rule of the Seventh Pay Commission, the DA of central employees is increased every six months. At present, central government employees are getting 42 percent dearness allowance. Now in the DA applicable from July 1, it can increase to 46 percent.

After this, on January 1, 2024, dearness allowance will be increased by the government. This time it can increase to 50 percent. Here only the rule of the government will apply.

DA will be made zero when it is 50 percent

Actually, under the Seventh Pay Commission, a provision has been made that it will be made zero when the DA of the employee is 50 percent. Also, 50 percent of the DA will be added to the basic pay.

Now if someone has a basic salary of Rs 18,000, then after getting DA, it will increase to Rs 27,000. In this way, there will be a benefit of Rs 9000 every month in the basic salary. Earlier in 2016 something similar had happened. At that time, while implementing the 7th pay commission, dearness allowance was added to the basic salary of the employees.

How much will be the basic salary?

If the basic salary of an employee is currently Rs.18,000 and his dearness allowance increases to Rs.9000, then the basic salary will increase to Rs.27000 if both are combined. After that it will start back at one percent or 2 percent. Employees will have to wait for salary revision now. Earlier the dearness allowance used to be more than 100 percent.

Salary will increase by Rs 108000.

At present, the lowest basic salary at Pay-Bad Level-1 is Rs 18000. Calculating 42 percent on this, then the dearness allowance is Rs.7560. But according to 50 percent it will be Rs.9000. As per rules, if there is 50 percent dearness allowance, it will be merged with the basic salary. Accordingly, the basic of 18000 people will increase to Rs 27000. If we look at Rs 9000 a month annually, then the employees will get a benefit of Rs 108000.

The post 7th Pay Commission: Central employees will get benefit of Rs 108000, just wait till this day first appeared on Rightsofemployees.com.

Now a bank has increased the interest rates on FD. Actually, Fincare Small Finance Bank has changed its FD interest rates for senior citizens and others. Recently, the bank said in a statement that common customers can earn up to 8.51 per cent interest on FDs and senior citizens can earn up to 9.11 per cent, but for this the minimum deposit should be Rs 5000. The revised rates have come into effect from May 25, 2023.

Up to 9.11 percent interest to senior citizens

Fincare Bank is offering 9.11 percent interest on 1000 days FD to senior citizens. This is the highest interest rate offered by this bank over different tenures. For common citizens, the interest rate on FD of 1000 days is 8.51 percent.

FD rates of Fincare Small Finance Bank

The bank is offering 8.6 percent interest to senior citizens and 8 percent interest to others on FDs ranging from 59 days, 1 day to 66 months. On FDs ranging from 66 months 1 day to 84 months, senior citizens will get a return of 7.6 per cent and others up to 7 per cent. The bank is also giving 8.85 per cent interest to senior citizens on deposits of 36 months 1 day to 42 months, while ordinary citizens will get 8.25 per cent interest on FDs of the same duration.

The post FD Interest Rates: This bank is giving up to 9.11% interest on FD, benefit on deposits of ₹ 5,000 first appeared on Rightsofemployees.com.

But before this, the news has come to please the government employees of Gujarat. Gujarat CM Bhupendra Patel has announced an increase in DA / DR by 8 percent for state government employees and pensioners under the Seventh Pay Commission.

9.50 lakh employees and pensioners benefited

In the order issued by the government, it was said that about 9.50 lakh employees and pensioners of the state government have been covered under the 7th Pay Commission. These employees will benefit from the increase in dearness allowance and dearness relief. The 8 percent increase in DA by the government will be implemented in two parts. The first four percent DA will be effective from July 1, 2022. While the remaining 4 percent increase in DA will be applicable from January 1, 2023. The increase in DA has been done as per the rules of the Central Government.

Arrears will be paid in three installments

The previous arrears will be released by the government in three installments. The first installment of arrears will be given along with the salary for the month of June. Similarly, the second and third installments will be given with the salary of October 2023.

It was told by the government that increasing the DA would put an additional burden of Rs 4,516 crore on the exchequer. Earlier, the Gujarat government had announced three percent DA in August, 2022. It was implemented from 1 January 2022.

Let us tell you that at present 42 percent DA is being paid to the employees by the Central Government. The next DA will be announced by the Center from July 1. This time DA is expected to be increased by 4 percent. In this way, the DA of central employees is expected to increase to 46 percent.

The post 7th Pay Commission: Great news for government employees, DA increased by 8% in one go; When will I get the benefit? first appeared on Rightsofemployees.com.

The officers and employees who got the job from the recruitment advertisement issued by the Union Ministry of Personnel till December 22, 2003, are considered entitled to old pension. In this, both IAS officers and employees are entitled to pension. The option of 31 August 2023 has been given for its application. According to the letter sent by Sanjeev Narayan, Additional Secretary, Union Ministry of Personnel, the Personnel Department of UP has started the work.

10 percent deduction from employee’s salary

Let us tell you that from January 2004, the New Pension Scheme (NPS) system was started for government employees in the country by abolishing the old pension. Under NPS, 10 percent is deducted from the salary of the employee. The old pension has the facility of GPF, but it is not there in the new pension.

For some time, the demand to implement the old pension in the states and the center is gaining momentum. It has been restored by some state governments. In such a situation, the letter from the Union Ministry of Personnel is going to give relief to the employees.

The Personnel Department of UP is sending a letter to the concerned departments,
according to the letter of the Ministry of Personnel, employees of the Central Armed Forces will not come under its ambit. The Personnel Department of UP is sending a copy of this letter to the concerned departments of the government.

Those who come under its purview have been given the option to select the option till 31 August 2023. In a letter issued by the Ministry of Personnel, it was told that under the advertisement issued for government recruitment till December 22, 2003, continuous applications are being received for giving old pension to those recruited after January 2004.

That’s why it has been considered to give the benefit of old pension to the officers and employees who got jobs on the basis of advertisement till 2003. For this the option has been given by the government. If someone wants to enroll himself under old pension, then he has to select its option. If an employee does not select this option till the due date, then he will get the benefit of NPS only. If someone opts for old pension, then by 31 October 2023, their NPS account will be closed by issuing an order.

The post Old Pension Scheme: old pension will be restored new pension will be canceled, they will get benefit first appeared on Rightsofemployees.com.

PNB has increased the interest rates on FDs of some tenures (PNB Hikes FD interest rates) and has reduced the interest rates on FDs of some tenures. PNB has made the new interest rates effective from 18 May 2023. Let us tell you that on the last day, Axis Bank has also reduced the interest rates on FDs of many tenures.

Punjab National Bank increased interest rates on these tenures

PNB has increased the interest rate for regular citizens on FDs maturing in 444 days by 45 bps from 6.80 percent to 7.25 percent. On the same tenure, the bank has increased the interest rate for senior citizens by 45 bps from 7.30 per cent to 7.75 per cent. At the same time, the bank has increased the interest rate for NRE customers by 45 bps from 6.80 per cent to 7.25 per cent on FDs of the same tenure.

[web_stories title=”true” excerpt=”false” author=”true” date=”true” archive_link=”false” archive_link_label=”” circle_size=”150″ sharp_corners=”false” image_alignment=”left” number_of_columns=”1″ number_of_stories=”4″ order=”DESC” orderby=”post_title” view=”carousel” /]

PNB reduced interest rates on FDs of these tenures

Punjab National Bank has cut interest rates (PNB Reduced FD interest rates) for regular citizens and senior citizens and NI investors on FDs maturing in 666 days. The bank has reduced the interest on 666 days FD from 7.25 per cent to 7.05 per cent. On FDs of the same tenure, the bank has reduced the interest rate for senior citizens from 7.75 per cent to 7.55 per cent. At the same time, the bank has reduced the interest rate for NRE customers from 7.25 per cent to 7.05 per cent on FDs of the same tenure.

Axis Bank has also reduced FD interest rates

Axis Bank has reduced fixed deposit interest rates (FD Interest Rates) by up to 20 basis points for deposits of less than Rs 2 crore. The new FD interest rates have been made effective from 18 May 2023. Axis Bank is offering interest rates ranging from 3.5 per cent to 7.10 per cent on FDs for tenures ranging from 7 days to 10 years.

The post PNB FD Interest Rates: PNB Bank has implemented new interest rates on FD, know who will get the benefit first appeared on Rightsofemployees.com.

In the decision that came late on Tuesday, Chief Minister Yogi Adityanath said that it would benefit 16.35 lakh employees and 11 lakh pensioners of the state. In the larger interest of 16.35 lakh state employees and 11 lakh pensioners serving in the UP government, the government has decided to increase the rate of dearness allowance and dearness relief by 4 percent from 38 percent to 42 percent with effect from January 1, 2023.

The government says that the salary for the month of May will be released with the new DA while the arrears will be adjusted in the pension accounts. Announcing this on Tuesday, Chief Minister Yogi Adityanath said that the state government has increased dearness allowance and dearness relief by 4% from 38% to 42%, which will be applicable from January 1, 2023. This decision will benefit 16.35 lakh employees and 11 lakh pensioners of the state government.

According to the Centre, the state government usually announces bi-annual hikes in DA and DR in January and July. The DA revision was put on hold in 2020 due to the Kovid-19 pandemic. The state had announced that there would be no revision in DA till July 1, 2021, to help the government cope financially with the Covid-19 pandemic.

[web_stories title=”true” excerpt=”false” author=”true” date=”true” archive_link=”false” archive_link_label=”” circle_size=”150″ sharp_corners=”false” image_alignment=”left” number_of_columns=”1″ number_of_stories=”3″ order=”ASC” orderby=”post_title” view=”carousel” /]

Retired employees will be paid in cash

This is the first revision in DA and DR for 2023. After the revision in January last year, DA was fixed at 34%, which was increased by 4% in July 2022. This percentage is based on the basic salary of the employee. The arrears of five months will be transferred to the provident fund account of the employees.

According to government sources, for those who are members of the National Pension Scheme, some amount of the revised DA will be deposited in NPS accounts, those who retire before the announcement of the decision will be paid the due amount in cash.

The post DA Increased: Dearness allowance increased by 4% for the employees of this state, pensioners will also benefit first appeared on Rightsofemployees.com.

Such customers will get the facility

According to a report in PTI, RuPay has now launched CVV-less payment option for its debit and credit cards. According to NPCI, this facility will be offered to prepaid cardholders who have tokenized their card on the merchant’s app or webpage. The CVV-less payment option enables the cardholder to access his wallet or remember card details to make any payment.

This method of payment is safe

NPCI says that this will happen only when the cardholder has created a token for his card on the respective e-commerce seller platform. Under the token system, the code number ie token number is used in place of the actual details of the card. This system of Reserve Bank of India is considered safe in terms of transactions, because the actual details of the card are not shared with the merchants at the time of transaction.

Facility provided for

The government is continuously making efforts to increase the use of Rupay card. Under this, RuPay cards were given to people with open bank accounts under Pradhan Mantri Jan-Dhan Yojana. However, even after this, the use of Rupay card is very less as compared to Mastercard or Visa. The government wants to increase the number of Rupay cards as well as their use. The facility of payment without CVV is a part of these efforts.

Payment facility outside the country

NPCI is trying to make it easy to use Rupay card outside the country as well. NPCI is constantly looking for new tie-ups to increase the global acceptance of debit cards. Presently RuPay cards are accepted at Discover of the US, Diners Club, JCB of Japan, Pulse and Union Pay of China POS.

These alliances have been made

NPCI is working in this direction to make RuPay card more widely used, so that it can reach at par with Visa or Mastercard users. RuPay had tied up with Discover Financial Services in March 2012 to offer international services to Indian citizens. Apart from this, RuPay Card had introduced RuPay JCB Global Card in July 2019 in association with JCB International Company Limited.

The post NPCI RuPay Rule: Payment will be done through RuPay card even without CVV, these people will get benefit first appeared on Rightsofemployees.com.

Because Paytm Payments Bank has also enabled linking of RuPay Credit Card with UPI ID on Paytm app for the convenience of the customers. Paytm Payments Bank has announced several new features for Paytm UPI such as UPI Lite on iOS, RuPay Credit Card on UPI and Split Bill.

Paytm Payments Bank has gone live with UPI Lite, a feature enabled by the National Payments Corporation of India for small transactions. About 6 million customers are taking advantage of this facility. Explain that through the new split bill feature, users can create friend groups on Paytm and share the bill in any group.

These facilities for the customers

Paytm says that customers can also tag payments made on Paytm, with which they can see all the transactions done under a certain tag at any time. Paytm empowers customers with the security of UPI. Paytm Payments Bank President Vijay Shekhar Sharma says that he has also brought many good features like split bill, Paytm tag, alternate UPI ID on Paytm app.

Recently given the facility of UPI interoperability

Currently, Paytm Payments Bank has the largest market share in merchant payments and is the largest acquiring bank. Recently the bank announced UPI interoperability, which enables Paytm customers to send and receive money instantly to any mobile number with a UPI ID registered on the platform.

The post Paytm Payments Bank is providing new UPI based facilities, this is how you will get benefit first appeared on Rightsofemployees.com.

You have to deposit lump sum money in this wonderful scheme of LIC and you start getting the benefit of pension only from the age of 40 years. The name of this policy of LIC is Saral Pension Yojana (LIC Saral Pension Yojana).

Single premium plan

LIC’s Saral Pension Yojana (Saral Pension) is a single premium pension plan, in which premium has to be paid once at the time of taking the policy. After this, you will continue to get pension for the whole life. If the policy holder dies, the amount of single premium is returned to his nominee.

Saral Pension Yojana is an immediate annuity plan, that is, you start getting pension as soon as you take the policy. After taking this policy, the amount of pension that starts with, the same amount of pension is received for the whole life.

What should be the specialty of this plan-

>> The minimum age limit for the benefit of this scheme is 40 years and the maximum is 80 years.
>> In this policy, the benefit of pension is available for the whole life.
The Saral Pension policy can be surrendered anytime after six months from the date of inception.
You have the option of getting a minimum pension of Rs 1000 every month.

How much pension will you get?

Let us tell you that in this simple pension scheme, you can get a minimum pension of 1000 rupees. Your age is 40 years and you have deposited a single premium of Rs 10 lakh, then you will start getting Rs 50250 annually which will be available for life. Apart from this, if you want your deposited amount back in between, then in such a situation, after deducting 5 percent, you get back the deposited amount.

You will also get the benefit of the facility of loan.

The advantage of this pension of LIC is that you can also take advantage of loan on it. If you have any serious illness, then you can also take money for its treatment. Along with this pension plan, you are also given a list of serious diseases. On surrender of the policy, 95% of the base price is returned. You can apply for the loan after 6 months of starting the scheme.

You may also like

The post LIC’s great plan, deposit money only once, will get Rs 50,000 pension for life first appeared on Rightsofemployees.com.

The commission has asked colleges and universities to implement the guidelines “in letter and spirit”.

The UGC guidelines state, “The commission has constituted an expert committee to comprehensively examine all issues relating to mental health and physical, psychological and emotional well-being of students on campuses of higher education institutions and to formulate appropriate guidelines.” The Committee has suggested the following guidelines, which are to be implemented by all HEIs under the purview of the UGC.”

The commission said it has already issued guidelines for the physical safety of students, such as strengthening campus, hostels, playgrounds, cafeterias, libraries and other student activity spaces.

UGC Guidelines

A good campus life for students. “This can come through opportunities related to academics and co-curricular activities, apart from engagement with society and ecology through field training, job placement activities, educational tours and summer internships.”

Every college, university should have a Student Service Center (SSC) to deal with and manage problems related to stress and emotional adjustment.

Universities should focus on physical activity to help all students stay physically fit and mentally healthy.

Physical activity programs and provisions

Students get a chance to reform. “Higher educational institutions need to largely avoid such punitive measures and take affirmative action through programs that include engaging the services of professional psychological counselors and promoting wellness through yoga and meditation.”

Self-development programs can be started by universities, which can act as a catalyst for behavioral change, teaching value and nurturing human strengths.

Colleges, universities should plan tie-ups with institutes like NIMHANS, HBAS, RINPAS, AIIMS, and other institutes where psychiatry departments are fully functioning.

Colleges, universities should start special courses to prepare mental health professionals responsible for educating and training professionals.

Related Article

The post UGC New Guidelines: UGC issued new guidelines, everyone will get benefit first appeared on Rightsofemployees.com.

If you like to invest in LIC’s policy. So you can get good returns by investing in this scheme of LIC. Because at present there are many types of options available for investment in India, but millions of people in the country rely on the investment of post office, LIC schemes. LIC is the largest and oldest insurance company in the country with lakhs of customers across the country.

LIC keeps bringing many types of schemes for the people of every region of the country. Many schemes are designed only for children. Telling you about such a policy, which you can buy to remove the stress related to your children’s school education. This scheme is called LIC Jeevan Tarun Policy.

LIC’s Jeevan Tarun plan is a non-linked limited premium payment plan. This LIC money-back plan gives the benefit of both protection and savings to the children. LIC Jeevan Tarun plan was specially created for children to take care of their growing financial and educational needs.

This is how the stress of parents will go away

To invest in LIC’s Jeevan Tarun plan, the child’s age should be at least 3 months and maximum 12 years. You can invest fully in this policy till the youth turns 20 years old. After the child turns 25, he can claim the total amount. Due to this, the stress of the parents regarding the expenses of the child’s college and marriage goes away.

Will get 7 lakhs on maturity

If a person buys this policy for a child at the age of 12 years and pays a small premium of Rs 150 per day, the annual premium would be close to Rs 54,000. In this case, in 8 years you will deposit Rs 4.32 lakh. In this, 2.47 lakh rupees will be given as bonus. In this scheme, by the age of 25, your child will become the owner of about 7 lakh rupees.

The post LIC launched Superhit Policy: Invest 150 every day in this policy of LIC, you will get the benefit of 7 lakh rupees first appeared on Rightsofemployees.com.

All those women whose age is between 8 to 55 years are eligible to get the benefit of this scheme. If you also want to secure your future, then you can invest in this plan. Let us tell you about this policy in detail.

LIC keeps bringing LIC policy for every class of people in the country. Often women are far behind in buying insurance policies. In such a situation, LIC has launched a special insurance policy keeping women in mind. In this policy, women get benefits in many ways. In this policy, any woman can buy insurance for a minimum of Rs 75 thousand and a maximum of Rs 3 lakh.

What is Cornerstone Policy?

If you want to buy LIC’s Aadhaar Shila plan, then you must have an Aadhaar card. Aadharshila Policy is a non-linked, participating, individual saving life insurance plan. This is a long term savings plan in which women from the age group of 8 years to 55 years can invest. Under this scheme of LIC, you can invest on quarterly, half yearly and yearly basis. Under this scheme, you can invest for a minimum of 10 years and a maximum of 20 years.

How to get the benefit of 8 lakhs

if you start the scheme at the age of 30 years. And saving Rs 58 every day, you will deposit Rs 21,918 in LIC Aadhaar Shila Yojana in a year. You will invest Rs 4,29,392 over 20 years while on maturity you will get a return of Rs 7,94,000. LIC’s Aadharshila plan provides both security and savings. Only those women can take advantage of this, whose Aadhaar card is made.

Details of Aadharshila Scheme

In this scheme, women get a sum assured of Rs 75,000 from a non-linked, participating, individual saving life insurance plan up to Rs 3 lakh. Along with this, the maximum age of maturity of this scheme is 70 years. This plan of LIC provides financial help to the policyholder and the family after his death.

The post LIC’s launched special policy: Just a little savings every month, a return of Rs 8 lakh on maturity, know the details first appeared on Rightsofemployees.com.

An announcement has been made in this regard by the government. According to the scheme of the government, the antyodaya card holders will also be given the facility of free treatment along with free ration. Let us tell you that the government has decided that Ayushman cards will be made for free treatment of all Antyodaya card holders. For this, a large-scale campaign is being run.

Campaign going on at district level

This facility is being made available by the government at many centers, in which you can apply for Ayushman card at the public facility center by showing the ration card. The Yogi government has said that it has given orders to make Ayushman cards for Antyodaya card holders. This campaign is being run at the district level.

Cards are being made for people already named.

After this decision of the government, you will not have to worry at all to get your treatment done. At present, new Ayushman cards are not being made by the government, rather cards are being made for those whose names are already in the list.

The post Ration Card: Government Big Announcement ! Those taking free ration will get big benefit, know details first appeared on Rightsofemployees.com.

In a circular issued by Railway Board’s Pay Commission-VII and Deputy Director of HRMS, Jaya Kumar, it has been said that the dearness allowance of railway employees has been revised, which is effective from January 1, 2023.

Effective January 1, 2023

According to the circular issued by the Railway Board viral on social media, a letter was issued by the Ministry of Railways on October 4, 2022, regarding the revised dearness allowance of railway employees, which states that on behalf of the President It has been decided to pay dearness allowance to railway employees. This dearness allowance is effective from January 1, 2023.

How much will be the benefit

It has been said in the circular of the Railway Board that it has been decided to increase the dearness allowance in the salary of railway employees from the earlier 38 percent to 42 percent. Further, this circular also states that the term ‘Basic Pay’ in the revised pay structure means the pay drawn in the prescribed level in the pay matrix as per the 7th CPC recommendations accepted by the Government but shall not include any other pay like special pay etc. Salary in kind is not included.

What will not be valid

As per Railway Board’s circular, Dearness Allowance shall continue to be part of the pay of the employees and shall be brought within the ambit of Rule 1303 (FR 9(21)), Indian Railway Establishment Code, Vol. II (Sixth Edition – 1987) Second Reprint 2005 will not be treated as salary. It states that the payment of dearness allowance involving fractions of 50 paise and above may be rounded off to the next higher rupee and fractions of less than 50 paise may be ignored.

The post Big news: Increase in DA of railway employees, know how much will be the benefit first appeared on Rightsofemployees.com.

It offers protection as well as savings. This plan of LIC is a non linked plan. In this, at least Rs 1 crore assured sum is guaranteed. Sum assured is the amount that the customer will definitely get from an insurance company.

This plan has been designed for people with high income. If a policyholder dies before maturity, then in such a situation his family gets financial help. It is also a money back plan in a limited premium, in which you get money from time to time. The maximum investment age in the policy is 55 years (policy term 14 years), 51 years (policy term 16 years), 48 years (policy term 18 years) and 45 years (policy term 20 years).

How much will be invested

in Jeevan Shiromani policy, the basic sum assured is one crore rupees. For this, the customer will have to invest for four years. After that the returns will start coming. Talking about the investment amount, the customer will have to deposit around Rs 94,000 every month.

In this policy, the facility of payment during a fixed period has been given in case of survival of the policyholders. Apart from this, a lump sum amount is also given on maturity. The plan also provides cover for critical illnesses and has 3 optional riders available.

These are Survival Benefit: Survival Benefit means a fixed payment is made on the survival of the policy holders, which is as follows: –

– 30% of the Sum Assured in the 10th and 12th years in a 14-year policy.
– 35% of the Sum Assured in the 12th and 14th years in a 16-year policy.
– 40% of the Sum Assured in the 14th and 16th years in an 18-year policy.
– 45% of the Sum Assured in the 16th and 18th years in a 20-year policy.

How much loan will be available

During the policy term, the customer can take a loan based on the surrender value of the policy, which will be available on the basis of LIC’s terms and conditions. The policy loan will be available at the rate of interest decided from time to time.

The post LIC’s superhit policy! Deposit money for 4 years, you will get the benefit of 1 crore, know the details of the scheme first appeared on Rightsofemployees.com.

It was announced by the Bhupesh Baghel government of Chhattisgarh on the occasion of Republic Day. But now it will be started from April 1 of the new financial year. This scheme is going to be implemented in the entire state.

Will get benefit from April 1

Unemployed youth of the state will get unemployment allowance of two and a half thousand rupees every month from April 1. The benefit of the scheme will be given only to those unemployed youth, whose family income will be less than Rs 2.5 lakh annually. Under the scheme, unemployed youth who register under the scheme will be paid Rs 2500 every month in their bank account. Along with this, skill development training will also be given to the unemployed.

What to do to take advantage of the scheme?

The annual income of the family of the applicant taking advantage of the unemployment allowance scheme should not exceed Rs 2.5 lakh. Family means husband-wife, dependent children below the age of 18 years and dependent parents.

Eligibility for the scheme:

For the unemployment allowance scheme, the applicant must be a native of Chhattisgarh. The age of the applicant should be between 18 to 35 years as on 1st April in the year in which the application is made for the scheme. At least Higher Secondary i.e. 12th class pass from a recognized board. Along with this, it is necessary for the applicant to be registered in any district employment and self-employment guidance center of Chhattisgarh.

The post Good news! Government started unemployment allowance, this much money will come in the account every month first appeared on Rightsofemployees.com.

But do you know who and how will get the benefit of this decision of the government. Let us tell you. The decision taken by the Central Board of Trustees (CBT) will now be sent to the Finance Ministry. After this, a notification will be issued by the Ministry of Finance.

After the notification comes from the Ministry of Finance, it will be effective and then you will get the increased interest of your PF in your account. It is a matter of when the money will be received. Now let’s talk about which employees will be able to get the benefit of this.

They will get the benefit of increased interest

All 7 crore members of EPFO ​​will be able to get the increased interest. Voluntary Provident Fund i.e. VPF depositors will also be able to get the benefit of this decision.

Apart from this, the benefit of this decision of the government will also be given to such employees whose EPF accounts have been opened by the trust.

Last year, EPF kept the interest rates at 8.10 per cent, which has now been increased to 8.15 per cent. That means now you will get Rs 8150 instead of Rs 8100 interest.
This is how a retirement fund of 5 crores is prepared from EPF

If your monthly salary is Rs 50,000 and you are 30 years old. You get 12% contribution from EPF side. Apart from this, suppose that every year your salary is increasing at the rate of 10 percent. You get 8.10 percent interest from EPF on this amount (which is till now), so in this sense you will get a fund of Rs 5,04,07,319 at the time of retirement. According to this calculation, you can create a fund of 5 crores with a monthly salary of 50 thousand.

The post PF Increased Rate Benefit’s: How to get the benefit of increased interest on PF ? first appeared on Rightsofemployees.com.

According to an official statement, Chief Minister Gehlot has approved the proposal to increase the monthly pension amount given under social security keeping a humanitarian approach. At present, the pension amount payable at Rs 500-750 per month will now be minimum Rs 1000 per month.

According to the statement, this approval will provide financial support to the pensioners. Eligible applicants for old age, single women, specially abled, small and marginal farmer pension will get increased pension amount from the month of May, which will be payable on June 1, 2023.

The increase in pension rates in social security pension schemes will now put an additional burden of Rs 185 crore per month and Rs 2222.70 crore per year on the state government. At present, about Rs 700 crore is spent every month.

It was announced by the Chief Minister in the budget of the year 2023-24 to increase the minimum pension amount to one thousand rupees per month.

The post Pension Amount Increased: The pension amount has been doubled, know who will get the benefit? first appeared on Rightsofemployees.com.

There is bound to be an increase in salary. More than 1 crore central employees and pensioners will get the benefit of this. Dearness allowance has to be approved for January 2023. Dearness Allowance (DA Hike) will increase by 4 percent. PM Modi will seal it.

DA will be 42%

According to the Labor Ministry, in December 2022, the figure of All India Consumer Price Index for Industrial Workers (AI CPI-IW) had reached 132.3. Due to this, the DA of the employees has increased by 4 percent. DA will be increased from 38 percent to 42 percent. This can be paid to the employees in the salary of March.

How to get benefit up to Rs 1.20 lakh?

Central employees get money in proportion to inflation. In such a situation, the increase in DA by 4 percent is definitely a matter of relief. If the basic salary of an employee is 30 thousand rupees per month, then his salary will increase by 1200 rupees per month. On an annual basis, his gross salary will directly increase by Rs 14,400. The salary of Cabinet Secretary level officers will increase by Rs 10,000 per month. Means the maximum basic salary is Rs 2.5 lakh per month, they will get the benefit of Rs 1 lakh 20 thousand on an annual basis.

What is Dearness Allowance?

Dearness allowance is such money, which is given to government employees to improve their cost of living. This money is given so that even after the increase in inflation, there is no difference in the standard of living of the employee. This money is given to government employees, public sector employees and pensioners.

Changes every 6 months

Dearness allowance is given to improve the standard of living of the employees. This allowance is given to government employees, pensioners and public sector employees. Dearness allowance is given so that even after the increase in inflation, the employees do not have any problem in living their lives. Usually, Dearness Allowance is revised every 6 months, in January and July.

DA varies

Dearness allowance is given on the basis of salary of the employees. Dearness allowance is different for government employees working in urban, semi-urban and rural areas. Dearness allowance is calculated on the basic salary. A formula has been fixed for the calculation of dearness allowance, which is determined by the consumer price index (CPI).

This formula is used

Dearness Allowance percentage = Average of CPI of last 12 months-115.76. Now whatever comes will be divided by 115.76. The number that comes will be multiplied by 100.

The post Good News: Central employees are going to get a huge benefit of Rs 1,20,000, there will be a tremendous jump in salary after Holi first appeared on Rightsofemployees.com.

The application date has been extended by EPFO. Earlier, the last date to apply for this was March 3, but now the government has extended it for two months. EPFO has given information that the members of the Employees’ Provident Fund Organization (EPFO) will be able to apply jointly with their employers till May 3, 2023, by opting for more pension.

They will have to apply for this on the Integrated Member Portal of the Retirement Fund Organization. Earlier it was believed that March 3, 2023 was the last date for opting for higher pension. The recently activated URL on EPFO’s Unified Member Portal clearly shows that the last date for opting for higher pension is May 3, 2023.

The court had given the order, let us tell you that earlier the Supreme Court had said in its order on November 4, 2022 that EPFO ​​will have to give four months time to all eligible members to opt for higher pension. This period of four months will end on March 3 , expiring on 2023. This gave the impression that its last deadline is March 3, 2023.

Last week, the pension was increased in 2014.

EPFO ​​had released the details of its process last week. It was told that the shareholders and their employers can jointly apply for higher pension under the Employees’ Pension Scheme (EPS). In November 2022, the Supreme Court upheld the Employees Pension Scheme, 2014.

Earlier, the EPS revision of August 22, 2014 increased the pensionable salary limit from Rs 6,500 per month to Rs 15,000 per month. Also, members and their employers were allowed to contribute 8.33 per cent of their actual salary to the EPS. EPFO has issued a circular in this regard to its field offices.

URL information will be available soon

EPFO ​​had said that such a facility will be provided so that URL information will be given soon. After this, the Regional PF Commissioner will put a proper notice and banner on the notice board so that it can be informed publicly. Under this, each application will be registered and recorded digitally and will be given a receipt number. The in-charge of the Regional Provident Fund Office will review each joint option case. After this the applicant will be informed about the decision by e-mail/post and later through SMS.

The post Employees Pension Benefits: These people will get the benefit of increased pension first appeared on Rightsofemployees.com.

Now big news is coming out regarding the Public Provident Fund scheme. In today’s time, PPF is considered one of the best investment options. In this, you get good returns along with hefty interest, but now if you want to withdraw money from your PPF account before maturity, then know what has changed in the rules-

You get the benefit of compounding interest

In the Public Provident Fund scheme, you get 7.1 percent return on the basis of compounding. Many times it happens that you invest money, but have to withdraw this money in emergency, so today we will tell you how you can withdraw money from the account before maturity.

Can I withdraw money from the account before maturity?

Many times it has been seen that if you withdraw money before the time, then you are asked the reason for withdrawing the money and still you are not given the full amount. Public Provident Fund also has its own rules, according to its rules, you can withdraw money after completion of 6 years and can also get it closed after completion of 5 years. If you want to withdraw some money before 6 years, then you must have a valid reason for withdrawing, only then you can withdraw your money.

When can I withdraw money?

You must have a valid reason for withdrawing money. Like you want to get treatment for any disease or you can withdraw money for the treatment of your family. Apart from this, you can also withdraw money for children’s education and children’s marriage.

Rules of PPF Withdrawal

1. For withdrawing money in PPF, you have to go to the official website of the bank.
2. Then you have to download Form C from the official website of the bank.
3. After filling the form, get it deposited in the bank.
4. And also show your PPF account to the bank.
5. After this the bank will give 50 percent of the money deposited in your account.

You can start with 500 rupees, let us tell you that in this scheme a person can start with 500 rupees. At the same time, in the financial year, you can invest a maximum of Rs 1.5 lakh in it. Not only this, in PPF you also get the benefit of loan and partial withdrawal facility after a certain period.

The post PPF Investor Big Alert! Government has made a big change in the rules of PPF withdrawal! check new rules first appeared on Rightsofemployees.com.

This Realtime payment system linkage between the two countries will start from Tuesday. The PM of both the countries will witness the commencement of this event. UPI from India and Pelau from Singapore have jointly worked on this scheme. Fast money transfer will be possible through this system and it will also be less expensive.

UPI payment between India and Singapore:

Let us tell you that many Indians live in Singapore, as well as relatives of many Indians are also settled in Singapore. The PM of both the countries will see its launch through a video conferencing on Tuesday. It will be launched by RBI Governor Shaktikanta Das from the Indian side and Ravi Menon, MD of the Monetary Authority of Singapore from the Singapore side.

Significantly, in the last few years, India is becoming a fast growing economy in terms of digital payments.

It is being told that this work is being done with the efforts of PM Narendra Modi and by following his guidelines, the digital payment infrastructure is being strengthened. It is India’s effort that the benefits of UPI payment should not be limited to India only. For this, a target has been set to extend its benefits to other countries. It is being said that apart from the students and laborers who have gone from India, the relatives of the people connected from all over India will get its benefit.

The post UPI Payment Start New Century: UPI payment will start from tomorrow between India and this country, know full details Here first appeared on Rightsofemployees.com.

The bank has told that the customers will now get a benefit of Rs 40,088. If you are also an SBI customer, then let us tell you how you can take advantage of this. The bank has recently increased the rates of FD (SBI FD).

Can take advantage till March 31

SBI is giving the benefit of 7.1 percent rate on FD of 400 days. With this, there has been an increase of 25 basis points on the amount less than Rs 2 crore. You can take advantage of this till 31 March. Let us tell you how you will get the benefit of Rs 40,088.

You will get extra Rs 40,088

State Bank of India (SBI) has increased the interest rates on its special scheme. If you deposit Rs 5 lakh, you will get Rs 5,40,088 after maturity. Please tell that in this you will get Rs 40,088 as interest. This is your fixed income. You can avail this benefit through any branch.

Till when you can take advantage, you can take advantage of this scheme of State Bank of India till 31st March. If you have not invested in this scheme yet, then you can take advantage of it by investing in this scheme before it ends.

How much profit is being received in 1 year?

Apart from this, if we talk about deposits of less than Rs 2 crore, then the bank has increased 25 basis points on this. SBI’s first 1 year maturity FD is getting 6.75% benefit. Now there has been an increase of 0.05 per cent on this, after which a profit of 6.80 per cent is being received. At the same time, earlier 6.75 percent interest was being received on FD of 2 years and now the benefit of 7 percent interest is being received.

How much profit is being received on 3 and 5 years?

If we talk about FD with maturity of 3 years, earlier it was getting benefit at the rate of 6.25 per cent, while now it will get benefit of 6.50 per cent interest. At the same time, instead of the earlier 6.25 percent, 6.50 percent interest is now being received on FDs with maturity of 5 years. Let us tell you that the new rates of the bank have come into effect from 15 February.

The post SBI Special Plan: Bank is giving benefit of 40,088, money will come directly into account first appeared on Rightsofemployees.com.

Under which now if for some reason you want to withdraw your PF balance before a period of 5 years and your PAN card is not linked, then in such a situation now you will have to pay 20% TDS instead of 30%. These new rules will come into force from 1 April 2023. However, these rules will be applicable in case of non linked PAN card.

Less TDS will have to be paid than earlier

Investing in Employees Provident Fund (EPF) is considered a better option for any employed person. A part of the salary of the salaried class people is deposited in their EPF account. On which the government gives strong interest. PF balance helps people in any kind of financial crisis in future.

Many times in times of need or difficulty, we need to withdraw PF balance before 5 years. At such times the account holders have to pay TDS. During this, account holders whose PF account is not linked to their PAN card will have to pay less TDS than before. Due to which they will get a big relief, earlier they had to pay 30% TDS on such withdrawals, which has now been announced to be reduced to 20%.

If it has not been five years since the PF account was opened, and the amount is withdrawn, and the PF account is linked to the PAN card, then TDS will not be deducted on it, but the withdrawn amount will be included in the taxable income, and that But income tax will also have to be paid.

For this, you have to send a message to this number 7738299899 from your registered mobile number with EPFO. You have to enter ‘EPFOHO UAN’ i.e. first EPFOHO and then UAN. This facility is available in 10 languages ​​- English, Hindi, Punjabi, Tamil, Malayalam, Gujarati, Marathi, Kannada, Telugu and Bengali. If you want SMS in a language other than English, add its first three letters after the UAN ID. For example, if you want a message in Hindi, then you have to write ‘EPFOHO UAN HIN’.

Check balance by missed call (How to check PF Balance via missed call)

PF account holders can also know their PF balance through missed call. For this, you have to make a missed call on 9966044425 from your registered mobile number. After this, a message related to the amount of the account will come on your mobile number.

The post Good news for PF account holders, will get this benefit, know details first appeared on Rightsofemployees.com.

However, this benefit will be available only to those opting for the new tax regime. The Finance Minister has raised the income tax exemption limit to Rs 7 lakh in the new tax regime, which was earlier Rs 5 lakh. While under the old tax regime, income up to Rs 2.5 lakh was tax free.

However, in the old tax regime, there is a provision for Standard Deduction and many exemptions in other items. These benefits were not given in the new tax regime. But this time standard deduction has also been included in the new tax system. A taxpayer can claim up to Rs 50,000 for standard deduction, while every salaried individual with an income of Rs 15.5 lakh or more is entitled to Rs 52,500 as standard deduction. Under the new tax regime, the basic exemption limit has been increased to Rs 3 lakh.

What is standard deduction?

Standard deduction is the deduction that is deducted from the income of the income tax payer and after that tax is calculated on the remaining income. Salaried employees and pensioners are already getting the facility to avail tax exemption through standard deduction. Suppose the annual income of a person doing a job is Rs 8 lakh. In such a situation, if the benefit of standard deduction up to Rs 50,000 is available in the total package, then their tax will be calculated on Rs 7,50,000 instead of Rs 8 lakh.

Standard deduction was introduced in the budget of the year 2018. Earlier its limit was Rs 40,000, which was increased to Rs 50,000 the next year. The purpose of starting this is to give more money to the employees by giving them tax exemption.

Who can avail it Standard deduction can be availed by salaried employees and pensioners who have not opted for the new tax rules. There is a provision of lower tax rate in the new rules. Apart from this, pensioners taking pension are also entitled to get this deduction. But standard deduction is not available on family pension. This means that if any of his dependents is taking family pension after the death of an employee, then he is not entitled to this deduction or exemption.

No effect of change of job

Change of job has no effect on standard deduction exemption. Total salary here includes all the components of salary paid by the employer and all the taxable portion of all allowances and perks. Even if an employee changes his job during the year, he is entitled to get the benefit of standard deduction.

Income tax slabs

The number of income tax slabs has been reduced to 5. Announcing the new tax slab on personal income, Sitharaman said that those earning Rs 3 to 6 lakh annually will have to pay 5% tax. The rate of income tax will be 10% on income of 6 to 9 lakh rupees. Rs 9 lakh to Rs 12 lakh will be taxed at 15%, Rs 12 lakh to Rs 15 lakh at 20% and income above Rs 15 lakh will be taxed at 30%.

The post Income tax slabs: Taxpayers can get a discount of 50 thousand without doing anything in the New Tax Regime, know how first appeared on Rightsofemployees.com.

If you are not yet availing the pension scheme of EPFO, then there is an important news for you. During the budget session of Parliament, Congress MP B Manikkam Tagore and Bharat Rashtra Samithi MP Manne Srinivasa Reddy asked Union Labor and Employment Minister Bhupendra Yadav questions related to the retired employees deprived of the benefits of the EPF pension scheme. Let us know what the Union Labor and Employment Minister Bhupendra Yadav gave in response to the question of the opposition MPs.

EPFO gave opportunity to pensioners for enhanced pension?

In response to this question, Union Labor and Employment Minister Bhupendra Yadav said that yes, yes. On December 29, 2022, the Employees’ Provident Fund Organization (EPFO) issued instructions for inviting online applications from pensioners who retired prior to January 01, 2014 and who have opted for combined options to contribute to the Pension Fund at a salary in excess of the pay limit prior to their retirement. was used. But, their combined options were rejected by EPFO ​​(due to cut-off date). This is in pursuance of the directions of the Supreme Court as contained in Article 44(ix) read with Article 44(v) and (vi) of the judgment dated 04 November 2022 in SLP (Civil) No. 8658-8659 of the year 2019.

EPFO is considering the option of increased pension during the job?

In response to this question, Union Labor and Employment Minister Bhupendra Yadav said that on August 22, 2014, G.S.R. As per the Employees’ Pension (Amendment) Scheme, 2014 notified vide 609(E), with effect from 01 September 2014 only employees drawing salary up to Rs.15,000 per month are entitled to subscribe to the Employees’ Pension Scheme (EPS), 1995.

What is the status of those who retired or employed after September 1, 2014?

In response to this question, Union Labor and Employment Minister Bhupendra Yadav said that those persons who have retired after 1st September 2014 or who are in service and are members of EPS 1995, they can apply for G.S. .Prohibit. are governed by the provisions of the EPS, 1995 as amended vide 609(A).

What is the Supreme Court’s order?

The Supreme Court has directed under Section 142 of the Constitution of India that members of the EPS, 1995, who have exercised the option to contribute on salary in excess of the wage ceiling as required in the proviso to pre-amended Article 11(3) of the EPS, 1995 not exercised shall be entitled to exercise the combined options under clause 11(4) of the post-amended scheme within the extended time period of four months.

Provided further that the remaining requirements as per the amended provision shall be complied with. The Supreme Court directions have legal, financial, actuarial and logistical implications and are being studied.

The post EPF Pension: EPFO ​​gave the benefit of increased pension to retired employees before 2014? Supreme Court’s order first appeared on Rightsofemployees.com.

In this, the government has also made an important announcement for senior citizens, whose benefit is also going to be given to them. The government has made an important announcement for the savings scheme of senior citizens, the benefit of which is going to be available to many people.

Senior Citizen Saving Scheme

In her budget speech, Finance Minister Nirmala Sitharaman has given an important gift to senior citizens in the savings scheme. The Finance Minister has increased the maximum deposit level of Senior Citizens’ Savings Scheme from 15 lakhs. The Finance Minister said that it has been proposed to increase the deposit in the Senior Citizens Savings Scheme from Rs 15 lakh to Rs 30.

With the announcement made in the budget, people will now be able to deposit Rs 30 instead of Rs 15 lakh in the Senior Citizens Saving Scheme . In such a situation, people will get the benefit of depositing Rs 30 lakh through this scheme. The benefit of increasing the deposit amount will be given to those people who wanted to invest more than Rs 15 lakh in these schemes.

Apart from this, it has been announced by the government that the maximum deposit limit for the Monthly Income Account Scheme has been increased from Rs 4.5 lakh to Rs 9 lakh for single accounts and from Rs 9 lakh to Rs 15 lakh for joint accounts. has also been proposed. People are going to get a lot of relief from this too.

The post New Pension Plan: Lottery for senior citizens! Senior citizens will get benefit of up to Rs 30 lakh from this scheme! first appeared on Rightsofemployees.com.

This time, a special news can come out for lakhs of central government employees in the budget. Actually, the Central Government can announce the 8th Pay Commission during the Union Budget 2023-24. Union Finance Minister Nirmala Sitharaman will present the budget on 1 February. The demand to replace the rules of the 7th Pay Commission with the 8th Pay Commission is being raised from many places for some time now.

According to the latest reports, there is increasing discussion among the Central Government employees that the Central Government may announce the arrival of the 8th Pay Commission in the budget.

Expectations are increasing among central employees regarding this big announcement. If the government announces the 8th Pay Commission, it will bring a substantial increase in the pay scale of the central employees from the lowest to the highest level. Moving towards the new pay commission, there will be an increase in the basic pay, pay scale as well as allowances of the employees.

They will also be eligible to get the fitment factor boost in future. Pay commission rules for central government employees are usually upgraded every 10 years as per the pattern seen in the recent three announcements of 5th, 6th and 7th pay commission pay commission. It is estimated that the government may announce the 8th Pay Commission in 2023 and implement its recommendations by 2026.

The post 8th Pay Commission: Big update regarding 8th Pay Commission, people will get this benefit first appeared on Rightsofemployees.com.

The government has made a big change in the ITR rules. From now on, certain people will not have to file income tax returns. Finance Minister Nirmala Sitharaman had announced this in the budget.

The Finance Ministry has announced that from now onwards such senior citizens above 75 years of age will not have to file income tax returns. Let us tell you that those senior citizens who have only pension or interest from the bank, then they will not have to file ITR. The Finance Ministry has given information about this by tweeting.

Under which act will you get the benefit?

The government has told that a new section Section 194P has been added to the Income Tax Act, 1961, under which senior citizens will get this benefit.

As announced in Budget FY 2022-23, senior citizens above 75 years of age, having only pension and interest income, are now exempted from filing Income Tax Return. #PromisesDelivered pic.twitter.com/iuyIzyQPnJ

— NSitharamanOffice (@nsitharamanoffc) January 5, 2023

CBDT has given the information While giving the information, the Central Board of Direct Taxes has told that a notification has been issued regarding this. Apart from this, amendments have also been made in Rule 31, Rule 31A, Form 16 and 24Q and this sector has been operationalized.

The last date to start manufacturing has been extended by 1 year for full tax benefits as promised . Now its last date has been made 31 March 2024. The Income Tax Act provides many concessions and exemptions along with making provisions for tax on the income of the citizens. Tax payers also get a lot of relief from these concessions and exemptions. Keeping this in mind, an important decision was taken by the Modi government in the budget of 2018.

The post Income Tax: issued notification ! from today these people do not have to pay income tax, know full details first appeared on Rightsofemployees.com.

However, what will happen when a company makes you travel abroad without taking any money. Actually, now travel company EaseMyTrip and payment company MobiKwik have tied up together.

Every day something new is coming out to provide better facility to the flight booking people. At the same time, companies have also taken steps for better travel facility and easy payment to the people. For this, EaseMyTrip and MobiKwik have joined hands and the Buy Now Pay Later (BNPL) product has been launched.

Regarding travel , EaseMyTrip COO Lokendra Saini told that EaseMyTrip has signed an important agreement with MobiKwik and MobiKwik’s BNPL product has been introduced on EaseMyTrip. Under this, the user can travel within the country and abroad without money and can pay for this journey later. Travelers can also avail discounts for flight, hotel, holiday booking etc.

Foreign Travel Lokendra Saini said that under the BNPL product, passengers can travel within the country and abroad without paying any money and can visit any place of their choice. Through this, booking of flight, bus, hotel etc. can be done easily and payment can be made after the journey. Along with this, he told that compared to last year, travel during the holidays has increased 3 times this year.

The post FREE Flight Booking: Good news! Travel booking for country and abroad will be done without paying a single rupee, passengers will get benefit first appeared on Rightsofemployees.com.

At the same time, tax experts have said that in order to make the Optional Tax Regime attractive in the upcoming general budget, deduction should be allowed through PPF and other tax saving schemes. Along with this, he has demanded to increase the limit of maximum 30 percent tax slab to Rs 20 lakh.

The government had introduced Optional Income Tax Regime in the General Budget 2020-21 in which individuals and Hindu Undivided Families (HUF) were taxed with lower rates. However, other tax exemptions like rent allowance, home loan interest and investment under 80C are not given in this arrangement.

Total income up to Rs 2.5 lakh tax free

Under this, total income up to Rs 2.5 lakh is tax free. After this, 5 per cent on total income from Rs 2.5 lakh to Rs 5 lakh, 10 per cent on total income from Rs 5 lakh to Rs 7.5 lakh, 15 per cent on income from Rs 7.5 lakh to Rs 10 lakh, from Rs 10 lakh Income up to Rs 12.5 lakh is taxed at 20 per cent, income from Rs 12.5 lakh to Rs 15 lakh is taxed at 25 per cent and income above Rs 15 lakh is taxed at 30 per cent.

Taxpayers had to pay more tax in many cases

However, this scheme did not attract much attention of taxpayers, because in many cases taxpayers had to pay more tax on adopting it. Experts believe that in order to make the optional tax regime attractive, Finance Minister Nirmala Sitharaman should include some popular tax deductions in the upcoming budget, apart from increasing the limit of tax-free income and the highest tax rate.

Demand to make tax rates more rational

Rakesh Nangia, chairman of Nangia Andersen India, said that the government should make tax rates more rational in the optional tax regime. He advocated to make it in line with the previous deductions or exemptions.

Expressing a similar view, Deloitte India partner Sudhakar Sethuraman said the government may consider allowing some deductions. He said that this should be done without complicating the process. He said that life insurance premium, home loan interest and other deductions can also be given in this scheme.

The post Big news! Demand to make this change in optional tax regime, know how taxpayers will benefit first appeared on Rightsofemployees.com.

Increase in DA happens 2 times

Let us tell you that the government increases the dearness allowance of the employees 2 times in a year. The first increase is done in the month of January and the second increase is done in the month of July. The new year has started, so at this time the employees are waiting for the increase in their DA.

4 percent may increase

According to the data released so far, it is clear that this time also the government can increase the dearness allowance by 4 percent or up to 3 percentFor this, the AICPI index will have to increase by 0.4 points in both November and December.

Lakhs of employees will get the benefit

Let us tell you that if there is an increase of 4 percent in the DA of the employees, then the dearness allowance will reach at the rate of 42 percent. In July 2022 also, the government had increased the DA of the employees by 4 percent. The increase in DA and DR will benefit 48 lakh central employees and 68 lakh pensioners.

With the increase in DA at the rate of 42 percent, how much will be the increase in the salary of Level-3-
>> Basic Salary of the employee – Rs 56900
>> New Dearness Allowance (42 percent) – Rs 23898 / month
>> Till now Dearness Allowance (38 percent) – Rs 21622/month
>> how much dearness allowance increased – 23898-21622 = Rs 2276/month
>> increase in annual salary – 2276X12= Rs 27312

The post 7th Pay Commission: There will be a bumper increase in salary before Holi, DA of employees will increase by this much – confirmed first appeared on Rightsofemployees.com.

From the new year (New Year 2023) in the state, teachers, teachers and employees of colleges and universities will be given the benefit of the 7th Pay Commission of the UGC.

Know who will get benefit

The Aam Aadmi Party Government (AAP Government) in Punjab announced that teachers of colleges and universities will be given salaries under the 7th Pay Commission from the new year. The guest and contract teachers, guest faculty and part-time teachers working in colleges of Chandigarh, Punjab will be benefited by this decision of the government. CM Bhagwant Mann had announced to give 7th pay scale to college and university professors on Teachers’ Day on September 5, 2022. He has promised to give the same arrears in 2 instalments.

Economic benefit of 280 crores

Higher Education Minister Gurmeet Singh Meet Hair said that the AAP government has fulfilled the pending demand of teachers of colleges and universities for the last 6 years. With this, teachers will get financial benefit of Rs 280 crore from the government exchequer. The disbursement of funds or revised pay will be released from the state treasury.

Punjabi language will be available on all boards

At a state-level function in Amritsar, Chief Minister Bhagwant Mann announced to give priority to Punjabi language on all boards across the state by February 21, 2023. Fines will be imposed for non-compliance of these orders after February 21, International Mother Language Day.

The post Good news for the employees of this state, they will get increased salary in the new year according to the 7th pay scale first appeared on Rightsofemployees.com.

Let us tell you that in the cabinet meeting held on Friday, the amendment in One Rank One Pension was approved by the Modi government. After the meeting, Information and Broadcasting Minister Anurag Thakur said that along with the pensioners, the widows of the soldiers who died in the war and disabled pensioners will also get its benefit. He told that 25 lakh pensioners will get its benefit and the government will have an additional burden of about Rs 8500 crore.

What’s new

According to the decision of the Union Cabinet, the pension of the previous pensioners will be re-fixed on the basis of the average of the minimum and maximum pension of the Defense Force retirees of the calendar year 2018 in the same rank with the same length of service. This means that the pension will also be the same for the same rank retired from the armed forces. Talking about the cut-off date, the pension of Armed Forces/Family Pensioners has been revised from 1st July 2019.

#ओआरओपी के तहत सशस्त्र बल कार्मिकों/ फैमिली पेंशनभोगियों की पेंशन में संशोधन। दिनांक 01.07.2019 से लागू सर्विस पेंशन में रैंक के अनुसार वृद्धि पढ़ें। pic.twitter.com/gIBAE89pxS

— A. Bharat Bhushan Babu (@SpokespersonMoD) December 23, 2022

Who will get benefit?

Revision of pension under the OROP scheme will benefit the Armed Forces personnel retiring by June 30, 2019. However, those who retired prematurely from July 1, 2014 have not been included in the amendment. The amendment will benefit more than 25.13 lakh armed forces pensioners and family pensioners. It also includes more than 4.52 lakh new beneficiaries.

The cabinet also decided that pension will be protected for above average drawals and its benefits will be extended to family pensioners including war widows and disabled pensioners.

Rank wise increase in service pension from 1 July 2019

When will I get the arrears of One Rank One Pension?

Under the One Rank One Pension Scheme, the arrears will be paid in 4 half-yearly installments. This decision has been taken by the cabinet. However, arrears of all family pensioners including special/liberalised family pension and gallantry award winners will be paid in one instalment.

The post One Rank One Pension: Good News! Change in monthly pension of armed forces family pensioners first appeared on Rightsofemployees.com.

If properly invested in PPF, then at the time of retirement you will have tax free fund of crores of rupees in your hands. Compound interest is available on the money in PPF. This feature of compounding increases money. At present, the government is paying interest at the rate of 7.1 percent on the amount deposited in the PPF account.

Any Indian can invest in PPF. PPF account can be opened in post office or any bank branch. A minimum of Rs 500 and a maximum of Rs 1,50,000 can be deposited in the PPF account per year. The interest on this amount is added to the account on the last day of every financial year. This is the scheme of EEE category. This means that there is no tax on the amount deposited every year, the interest earned on this amount every year and the entire amount received at the time of maturity is tax free.

How PPF will make you a millionaire

By starting early investing in PPF and maintaining the investment till the age of 60, a person can create a corpus of crores of rupees for retirement. PPF account matures in 15 years. But, the term of the account can be extended for five years even after maturity. If a person opens a PPF account at the age of 25 and deposits Rs 1.5 lakh in his account on April 1 every year, then Rs 10,650 will be deposited as interest in the PPF account on March 31 next year at an interest rate of 7.1 per cent. Will be

This will make the account balance Rs.1,60,650 on the first day of the next financial year starting on 1st April. This amount will increase to Rs 3,10,650 if Rs 1.5 lakh deposited in the second financial year of account opening is added.

In the second year, the account holder will get Rs 22,056 interest on the amount of Rs 3,10,650. Similarly, if the investor keeps depositing 1.5 lakh in the account every year on April 1, then after completion of 15 years of maturity, the PPF account will be Rs 40,68,209. Out of this, Rs 22,50,000 will be the principal amount and Rs 18,18,209 will be of interest.

Maturity will have to be extended for 5-5 years

PPF account can be extended for five years by applying before maturity. An investor investing from the age of 25 years will become 40 years old on maturity of the account. After this, by extending the PPF account for five years and maintaining the same annual investment routine as before, then by the time the investor turns 45, the total amount deposited in the account will be Rs 66,58,288.

Now again he has to extend the account for five years and continue investing as before. Next time at the time of maturity, i.e. at the age of 50 years of the account holder, the total amount in the PPF account will be Rs 1,03,08,014. Once again, on increasing the account for five years, the account holder will be able to invest Rs 1.5 lakh every year till he is 55 years old. On maturity of five years, there would have been Rs 1,54,50,910 in the PPF account.

The fund will be above 2 crores

this time one has to get the last extension of PPF account and after making continuous investment every year when the PPF account matures i.e. when the account holder will be 60 years old then the total accumulated amount in his account will be 2,26,97,857 Will be Rs. In this, the total investment of the account holder will be Rs 52,50,000, the amount of interest received on this investment will be Rs 1,74,47,857.

The post Public Provident Fund: Big news: PPF account gives the benefit of compounding, you will have Rs 2.25 crore on the day of retirement, how first appeared on Rightsofemployees.com.

\This decision will reduce litigation. The Directorate of Income Tax (Systems) said that the 30-day time limit given to assessing officers to take a decision has been reduced to 21 days.

According to a statement, if the taxpayer does not agree to the adjustment or partially agrees, the case will be immediately referred by the Centralized Processing Center (CPC) to the Assessing Officer, who will give his opinion to the CPC within 21 days that the adjustment has been made. may or may not go.

Will have to answer the complaint in 21 days Rajat Mohan, Senior Partner, AMRG & Associates, said that in many cases involving refund adjustments, the CPC found that wrong classification of demand or non-receipt of response from the assessing officer resulted in wrong adjustment of refund. In such a situation, unnecessary litigation took place. He said that after the latest instructions, taxpayers’ complaints will have to be answered within 21 days.

The DIT (Systems) in an instruction to the field formation said, in some cases, as a result of issue of information under section 245, the assessees had replied on the demand portal that the demands are incorrect. Such wrong demand has been stayed by the Assessing Officer/TAT/High Court.

It has been pointed out that wrong classification of such demand as ‘correct and collectible’ or non-providing of response by the assessing officers to the response of the assessees has led to incorrect adjustments of refunds against such demands by CPCs, leading to complaints. And there has been litigation.

The post Income Tax Refund Rules: Big news for Taxpayer! changed the rules of tax refund, know what will be the benefit first appeared on Rightsofemployees.com.

According to the information available on the official website of banks, the new rates of interest are effective from December 1, 2022. After the change in interest rates, Jana Small Finance Bank is offering a maximum interest rate of 7.55 percent and 8.50 percent to ordinary citizens on savings accounts and FDs maturing in 2 to 3 years. At the same time, Karnataka Bank is offering an interest rate of 5.25 per cent to 5.80 per cent on FDs maturing in 7 days to 10 years.

Jana Small Finance Bank Savings Account Interest Rates

Interest is calculated on the end-of-day balance in the Jana Small Finance Bank Savings Account. Bank interest is paid on quarterly basis in savings account. Jana Small Finance Bank is offering 3.50 percent interest rate on Rs 1 lakh and 7 percent interest rate from Rs 1 lakh to Rs 50 crore. Bank is paying interest at the rate of 6.50% on the amount above this.

Jana Small Finance Bank New FD Rates

Jana Small Finance Bank 2.50% for FDs maturing in 7-14 days, 3.00% for FDs maturing in 15-60 days, 5.25% for 61-90 days, 91-180 days is offering an interest rate of 5.50 per cent.

The bank is paying interest rate of 7 percent on deposits maturing in 181 days to one year (365 days) and 7.50 percent on deposits maturing in one year to two years. Deposits maturing in 2 to 3 years will get interest at the rate of 7.55 percent, while FDs maturing in 3-5 years will get interest at the rate of 7.35 percent. The interest rate offered by Jana Small Finance Bank is 7.25 percent for FDs maturing in 5 years and 6 percent for FDs maturing in 5-10 years.

New FD Rates of Karnataka Bank Karnataka Bank is currently paying an interest rate of 5.25 percent on FDs maturing in 7 to 364 days. Is offering an interest rate of 7.20 percent on FDs maturing in 555 days. Now 6.80 percent interest will be given on FD with a period of 2 years, at the rate of 5.75 percent if it matures in 2-5 years. Karnataka Bank is now paying an interest rate of 5.80 percent for FDs of 5 to 10 years. If an FD of Rs 2 crore is closed prematurely, a penalty of one per cent of the applicable rate will be charged.

The post Fixed Deposit Rate Change: These 2 banks have changed the interest rates of FD, know how much will be the benefit first appeared on Rightsofemployees.com.

What is special in Saral Pension Yojana?

• Let us tell you that the name of this scheme of LIC is Saral Pension Yojana which is a single premium pension plan.
• In this, the premium has to be paid once at the time of taking the policy.
• After this, you will continue to get pension for the whole life.
• If on the death of the policy holder, the amount of single premium is returned to his nominee.
• Saral Pension Yojana is an immediate annuity plan, that is, you start getting pension as soon as you take the policy.
• After taking this policy, the amount of pension that starts with, the same amount of pension is received for the whole life.

You can love the policy in these two ways 

Single Life- In  this the policy will be in the name of any one, as long as the pensioner is alive, he will continue to get pension, after his death the amount of base premium will be returned to his nominee.

Joint Life- In  this there is coverage of both the spouses. As long as the primary pensioners are alive, they will continue to get pension. After his death, his spouse will continue to get pension for life, after his death the amount of base premium will be handed over to his nominee. 

Who can take advantage of Saral Pension?

The minimum age limit for the benefit of this scheme is 40 years and the maximum is 80 years. Since this is a whole life policy, the pension is available for the whole life, as long as the pensioner is alive. The Saral Pension policy can be surrendered anytime after six months from the date of inception.

Know when and how much pension will be received?

– In this plan you get 4 options.
You can take pension every month, you can take it every three months, you can take it every 6 months or you can take it in 12 months. Whichever option you choose, your pension will start coming in that period.
Now the question arises that how much money you will have to pay for this simple pension scheme, then let us tell you that you will have to choose it yourself.
That is, whatever amount of pension you choose, you will have to pay accordingly.
– If you want pension every month, then at least Rs 1000 pension will have to be taken, Rs 3000 for three months, Rs 6000 for 6 months and Rs 12000 for 12 months, the minimum pension will have to be taken, there is no maximum limit.
– If your age is 40 years and you have deposited a single premium of Rs 10 lakh, then you will start getting Rs 50250 annually which will be available for life.
Apart from this, if you want your deposited amount back in between, then in such a situation, after deducting 5 percent, you get back the deposited amount.

Will also get the benefit of loan 

– Under this scheme, if you have any serious illness and need money for treatment, then you can withdraw the money deposited in Saral Pension Yojana.
– You are given a list of serious diseases, for which you can withdraw money.
On surrender of the policy, 95 percent of the base price is returned.
– The option of taking a loan is also given under this scheme (saral pension plan).
You can apply for the loan after 6 months of starting the scheme.

The post LIC Saral Pension Yojana: Government introduced superhit scheme! Invest once, get Rs 50,000 pension for life first appeared on Rightsofemployees.com.

According to the information received from the Central Government, the ration cards of lakhs of people across the country will be cancelled. That is, now lakhs of people of the country will not get the facility of free ration. Let’s know the latest update.

10 lakh cards will be canceled

The government has informed that about 10 lakh people in the country are fraudulently taking advantage of the free ration scheme. A list of these people has also been prepared by the department. Now the ration cards of all these people will be cancelled. Let us tell you that under this, the ration cards of about 10 lakh people have been marked.

The cards of these people will be cancelled

According to NFSA, the names of people who are card holders and pay income tax or who have more than 10 bighas of land will be cut off from the list. Not only this, such people will also get free ration. There are many card holders who do business by taking free ration, their card will also be cancelled.

The list will go to the dealer

Let us tell you that according to the rules of the government, the complete list of ineligible people will be sent to the dealer, so that even by mistake the dealer will not give ration to these people. Not only this, after marking the names of such people, the dealers will send their reports to the district headquarters. After which the cards of these people will be cancelled.

80 crore people are getting the benefit of this scheme

It is noteworthy that more than 80 crore people of the country are getting the benefit of this scheme of the government. In such a situation, there are some people who are taking advantage of this scheme in a fake way. But the government is now showing strictness about these people. Their cards will not only be cancelled, but recovery will also be made from them.

The post Ration Card Update: Government has released the list, lakhs of ration cards are going to be cancelled, your name is not in the list first appeared on Rightsofemployees.com.

Crores of people across the country work in the organized sector. A part of the salary of these people is deducted as PF and deposited in the account of Employees Provident Fund Organisation. The amount deposited in the EPFO ​​account is a great support for every salaried person, which he can use in bad times or after retirement. After completing the age of 60 years, the account holders get permission to withdraw all the money from the PF account. The government guarantees the money deposited in this account. In such a situation, it is a completely risk free investment.

To provide insurance facility to its employees, EPFO ​​also gives a benefit of Rs 7 lakh to the account holders under the Idli scheme. Now the question must be arising in your mind that what is the idli scheme. The full form of Idli is Employee Deposit Linked Scheme. Under this scheme, every account holder gets insurance of Rs 7 lakh. Now we tell you who get the benefit of this insurance and how it can be claimed.

Know what is EDLI scheme and who gets the benefits

Under the Employee Deposit Linked Insurance Scheme (EDLI Scheme), every PF account holder gets accident insurance of Rs 7 lakh. If a PF account holder dies unfortunately, then in such a situation his family can get an insurance claim of up to Rs 7 lakh. Under this scheme, a claim of 35 times the monthly salary of the employee or up to a maximum of Rs 7 lakh can be received. The legal heir or nominee gets the right to take advantage of this scheme. EPFO often advises its account holders to update the nominee so that there is no problem in getting money in case of an emergency. The purpose of this scheme is that it can provide financial assistance to the family members of any PF account holder in case of accidental death.

Why is it necessary to have a nominee?

EPFO ​​always advises to update the nominee so that in case of sudden death of an account holder, in such a situation, there is no problem in claiming the money lying in the PF and the EDLI scheme. Nominee can easily take advantage of EPF, EPS and EDLI schemes. In the absence of a nominee, the legal heir will first have to get the Succession Certificate made. Only after this he can claim this money. All this work takes a lot of time and trouble. In this case, always keep the nominee updated in the account.

The post EPFO Update: PF account holders are getting the benefit of Rs. 700000, apply like this first appeared on Rightsofemployees.com.

Good returns can also be achieved by investing in these savings schemes. At the same time, a good investment scheme is being run by the government for daughters as well. This scheme can be beneficial in the long term.

Many schemes are being run by the government for the welfare of the people. In these schemes, the government gives financial help to the people, while many savings schemes are also being run for the people. Good returns can also be achieved by investing in these savings schemes. At the same time, a good investment scheme is being run by the government for daughters as well. This scheme can be beneficial in the long term.

Sukanya Samriddhi Yojana

Actually, we are talking about the Sukanya Samriddhi Yojana (Sukanya Samriddhi Yojana) being run through the post office. This scheme is specially run for daughters. Sukanya Samriddhi Yojana is operated through the post office. Anyone can open Sukanya Samriddhi account in the post office in the name of his daughter. Interest is available at the rate of 7.6 percent on this investment scheme. At the same time, lakhs of rupees can be made through this scheme even with small savings.

Sukanya Samriddhi Yojana Benefits

An account can be opened in the name of a girl child below the age of 10 years through a guardian.
Only one account can be opened in the name of a girl child in any post office or any bank in India.
– This account can be opened for a maximum of two girls in a family. Provided that in case of birth of twin/triple girl child, more than two accounts may be opened.
– Account can be opened with a minimum initial deposit of Rs.250 in a financial year.
– Lump sum or installments ranging from Rs 250 to Rs 1.50 lakh can be deposited in the account in a financial year. The amount to be deposited should be in multiples of Rs.50.
– Amount can be deposited in it till the completion of maximum 15 years from the date of opening of the account.
– If minimum Rs 250 is not deposited in an account in a financial year, the account will be treated as default account.
– The amount deposited in this account is eligible for deduction under section 80C of the Income Tax Act.
– Interest will be credited to the account at the end of each financial year.
– The interest earned is tax free under the Income Tax Act.
– The account will be operated by the guardian till the girl child attains majority (i.e. 18 years).
– Withdrawal can be made from the account after the girl child attains the age of 18 years or passes 10th standard.
– Withdrawal can be made up to 50% of the balance available at the end of the previous financial year.
Withdrawal can be made in lump sum or in installments.
Apart from this, the account matures after 21 years from the date of account opening or at the time of marriage of the girl child after attaining the age of 18 years.
However, in some circumstances, premature closure can also be done after 5 years of opening the account.

The post Government’s scheme for daughters, 250 will have to be deposited, will get the benefit of lakhs of rupees first appeared on Rightsofemployees.com.

Actually, the bank has started a new service for giving personal loans. Under this, now customers will get loan easily sitting at home. With this facility named ‘Real Time Xpress Credit’, customers can take advantage of up to Rs 35 lakh. SBI has started this on YONO App. Let us know about this special feature.

Great gift from SBI

Not all customers will be able to take advantage of this special facility of SBI ‘Real Time Express Credit’. Its benefit will be available only to the employees of Central and State Government and customers working in Defense Services, so if you are also a government employee then now you will be able to take loan easily. This special facility will be available on the YONO app and with the help of this, work like credit check, eligibility and other document verification will also be done sitting at home.

Benefit up to Rs 35 lakh

It is worth noting that under this facility of SBI, you will be able to take a loan of up to 35 lakhs. Under this, the whole process will be online and all the work like credit check, eligibility for loan, loan sanction and document submission will also be done online.

SBI gave information

Giving detailed information on this, SBI Chairman Dinesh Khara said, “The introduction of Real Time Express Credit Loan facility on YONO for its eligible salaried customers will be of great benefit to the customers. The Express Credit product will help customers avail loans in a digital manner without any hassles. SBI is striving to provide fully digital banking facilities to the customers to make banking easier.

The post Big News! SBI presented a wonderful gift, Giving entire 35 lakh rupees to the customers, know how ? first appeared on Rightsofemployees.com.

UP CM Yogi Adityanath had announced this even before the elections. According to the information, this facility can start by the end of April. After the implementation of this scheme, cashless facility of treatment will be available in private hospitals also. Many times, due to various types of treatment and time, they are not available in government hospitals. Earlier cashless facility was not there in private hospitals.

Now this benefit will be available there too. There was a demand for a long time that 20 lakh employees will come under this scheme and if their family members are added, then this number is reaching 88 lakh.

That is, so many people will get the benefit of this scheme of the government. Till now the facility of cashless treatment was not available to the employees of the state. Although it was being demanded for a long time.

Due to the lack of cashless treatment, patients or their relatives have to make rounds of the department, hospital or CMO for payment of bills. Along with trouble comes controversy. Deduction of bills is also a problem. Now due to this scheme, all these hassles will be freed.

Health Card

Under the new rule, the health card of both the employee and his family will be made. In the private sector or private insurance companies, it is provided that instead of paying money during the treatment, cashless treatment is done through the card. Now this facility will also be available to government employees.

The post Employees Good News: Government employees and pensioners will get this benefit for treatment in hospital first appeared on Rightsofemployees.com.

There is big news for Central Government Employees. The government has made a big change in the rules related to retirement funds. According to the information received from the government, there has been a big change in the rules of General Provident Fund. If there is a government employee in your house too, then there is important news for all of them.

Let us tell you that the ceiling on PF has now been fixed by the government for investment in GPF. A ceiling has been put on the investment of Provident Fund. After this decision taken by the government, government employees can deposit only up to Rs 5 lakh in GPF.

What is GPF?

According to the information received from the government, this limit has been fixed for one financial year. GPF is a kind of voluntary scheme. Government sector employees invest in this scheme. In this, the benefit of 7.1 percent interest (GPF interest rate) is available on investment.

Let us tell you that government employees can deposit a part of their salary in the General Provident Fund and this money is returned to the account holders at the time of retirement. Interest is earned on the money deposited in GPF.

How much interest do you get?

Government employees can contribute up to 15 per cent of their salary. The advance fee of this account is the most special. Employees can withdraw the fixed amount from their account as and when required. No tax is levied on this amount and the government has fixed the interest amount at 7.1 percent.

The post 7th Pay Commission: Big News! New rules issued regarding provident fund, central employees will get benefit first appeared on Rightsofemployees.com.

After Diwali, lakhs of bankers have also got a big gift. His Dearness Allowance, DA has increased. More than 8 lakh bankers and other employees will benefit from this. This dearness allowance is for November 2022, December 2022 and January 2023. The special thing is that this time the dearness allowance has gone up to 38.92 percent.

According to the order of the Indian Banks Association (IBA), this time there has been an increase of 30 slabs in dearness allowance. The copy of the order is with Prabhat Khabar.com. According to this, the average CPI is 8576.69 and accordingly the DA slabs are 556.

According to IBA, the average of AIACPI (All India Average Consumer Price Index) for industrial worker in November 2022, December 2022 and January 2023 is 8576.69. Due to this DA increased from 526 slabs to 556 slabs (8576 – 6352= 2224/4= 556 slabs).

The post Dearness Allowance Increased: Good News! DA of more than 8 lakh employees increased, know from when salary will increase first appeared on Rightsofemployees.com.