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Government Scheme That Doubles Your Money: Invest ₹5 Lakh, Get ₹10 Lakh Return

Pravesh Maurya — Tue, 19 Aug 2025 04:23:18 +0000

There are many types of schemes and options available for investing money. Some people invest their money in schemes like FD, while some people take risks and invest their money in post office schemes.

At the same time, many types of government schemes are also being run by the post office, in which people can make good profits by making safe investments. These schemes of the post office are government schemes. In such a situation, all schemes are safe.

Today we will tell you about a government scheme of the post office, in which you can double your money by investing. However, for this you will have to wait. We are talking about the Kisan Vikas Patra or KVP scheme of the post office. Kisan Vikas Patra is a government scheme, which doubles the invested amount in 115 months. Let’s know.

Kisan Vikas Patra Scheme

People can double their money by investing in Kisan Vikas Patra. One can start investing in this scheme with just Rs 1000. There is no maximum investment limit. This scheme gives 7.5 percent annual compound interest. The maturity period of this scheme is 115 months. On maturity, the amount invested by you gets doubled.

Application in Kisan Vikas Patra Scheme

To apply for the Kisan Vikas Patra scheme, you can apply by visiting the nearest branch of your post office. For this, you will need documents like Aadhaar card, PAN card, voter ID, passport for identification. Along with this, address proof and passport size photo will also be required.

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EPFO Claim Process: Withdraw Your PF Easily and Get Money in Just 72 Hours – Step-by-Step Guide

Pravesh Maurya — Sat, 02 Aug 2025 11:21:39 +0000

EPFO Withdrawal Process In Hindi: Apart from fulfilling our needs today, we also need money for our tomorrow. That is why a large section of people do jobs. People work for a month and get salary and as per the rules, PF account is also opened for the people who do jobs.

Actually, PF account is opened for those who do jobs in which a fixed amount is deducted from the salary of the employee every month and deposited in your PF account and the company also deposits the same amount in the PF account of the employee.

The company also gives interest to the PF account holder on this money. At the same time, if you need money in between the job, then you can withdraw money from your PF account and you can get this money within 72 hours i.e. 3 days. So let’s know how you have to apply for PF. In the next slides you can know the way to withdraw money from PF account…

This is how you can apply for PF:-

Step 1

If you also have a PF account and you suddenly need money, then you can withdraw money from this account
For this, first of all you have to visit the official link of the scheme https://unifiedportal-mem.epfindia.gov.in/memberinterface/
After this, you have to login here.
To login, first enter your UAN number here

Step 2

After this, you have to enter the password here.
After this an OTP comes on your registered mobile number
In such a case, enter the OTP that you have received here, after which you will be logged in.
Then if you look, you will see many sections here
From this, you have to click on the ‘Online Services’ section

Step 3

Then you have to click on the ‘Claim’ option in this section
After that, you have to enter your bank account number.
Then get this bank account number verified
After this, you have to click on the option of ‘Advance Claim’
Then you have to choose the reason for withdrawing PF

Step 4

Here you have to select the reason for withdrawing PF as ‘Illness’.
After this, you have to fill in your home address here.
Now click on the check box given below and then click on OTP
Then an OTP will be sent to your registered mobile number, fill it here and submit it
Now your application gets submitted and if everything is found correct then PF money is disbursed within 72 hours

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RBI Cancelled Licenses of 12 Banks in a Year: Is Your Money Really Safe?

Pravesh Maurya — Mon, 28 Jul 2025 12:01:11 +0000

RBI has cancelled the license of a total of 12 cooperative banks in the last one year. Most of these are small urban cooperative banks, which were closed due to their poor financial condition and inability to comply with the rules. Which banks were affected? See the full list here …

The Reserve Bank of India (RBI) has cancelled the licenses of a total of 12 cooperative banks in the last one year (from July 2024 to July 2025) to maintain discipline in the banking sector. Most of these are small urban cooperative banks, which closed due to their poor financial condition and inability to comply with the rules. Which banks have been affected?

See the full list here …

1. Banaras Mercantile Sahakari Bank Varanasi, UP July 2024

2. City Co-operative Bank Mumbai, Maharashtra 2024

3. Purvanchal Cooperative Bank Ghazipur, UP 2024

4. Sumerpur Mercantile Urban Co-operative Bank Rajasthan 2024

5. Jai Prakash Narayan Nagari Sahakari Bank Bihar 2024

6. Sri Mahalakshmi Mercantile Co-operative Bank Tamil Nadu 2024

7. Hiriyur Urban Co-operative Bank Karnataka 2024

8. Anjana Urban Co-operative Bank Aurangabad, Maharashtra 22 April 2025

9. Colour Merchants Co-operative Bank Ahmedabad, Gujarat 16 April 2025

10. Imperial Urban Co-operative Bank Jalandhar, Punjab 25 April 2025

11. Shankarrao Mohite Patil Co-operative Bank Akluj, Maharashtra 11 April 2025

12. Karwar Urban Co-operative Bank Karnataka 22 July 2025

Of the 7 banks that closed in 2024, most of them closed between January-July 2024. 4 banks closed in April 2025, and Karwar Bank lost its licence in July 2025.

Why did RBI cancel the licenses?

Lack of capital: All the closed banks did not have sufficient capital and were unable to generate future earnings.

Danger to depositors: RBI says that the continuation of these banks was detrimental to the depositors as they were not able to repay the money.

Ignoring rules: Some banks were not following rules like KYC or were breaking the exposure limits, for which RBI also imposed fines.

How safe are customers’ money?

DICGC Insurance: Every depositor gets a maximum of ₹5 lakh back from DICGC (Deposit Insurance and Credit Guarantee Corporation), whether in savings, current or FD account.

Karwar Bank example: Here 92.9% of the account holders had deposits less than ₹5 lakh, so they will get the full amount. DICGC has already paid ₹37.79 crore.

Warning: If you have more than ₹5 lakh in your account, the remaining amount may be lost. Therefore, RBI advises that while choosing a bank, definitely check its financial condition.

Strict policy of RBI

RBI Deputy Governor Swaminathan J. has recently warned all cooperative banks to improve risk management and transparency, otherwise strict action will be taken. Apart from cancelling the license, RBI has also imposed fines on 8 big banks including Citi Bank, Punjab National Bank and Kotak Mahindra Bank for violating the rules in the last one year.

Lessons for the common man

1. Be cautious in small banks: Before depositing money in cooperative banks, do check their financial condition, RBI rating and credit history.

2. ₹5 lakh rule: Do not keep more than ₹5 lakh in a single bank, so that you can get full DICGC cover.

3. Be alert: If your bank is continuously incurring losses or getting fined by RBI, then immediately shift your account to another bank.

According to RBI, in the banks whose license is cancelled, more than 90% of the account holders get their entire money back because their deposit amount is less than ₹ 5 lakh.

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FASTag recharged Update: Government can give exemption from Toll for a year, you will have to pay this much money

Jyoti — Fri, 30 May 2025 08:29:38 +0000

The Government of India is soon preparing to bring a new toll policy to make travelling on highways easier. The Road Transport Ministry is working on the FASTag Annual Toll Pass Scheme, under which people will be able to travel unlimited on national highways and expressways by getting a yearly pass. Under this scheme, private vehicle owners will be able to travel toll-free for the whole year by paying an annual amount of Rs 3000.

The Government of India is soon preparing to bring a new toll policy to make the journey of people on highways and expressways easier and cheaper. According to some reports, the Ministry of Road Transport and Highways (MoRTH) is working on bringing a FASTag Annual Toll Pass Scheme. After which people will be able to get a year-round pass, with the help of which they will be able to travel unlimited on national highways and expressways. Let us know what this scheme will be and what benefits will people get?

What is FASTag Annual Toll Pass?

FASTag is an electronic toll collection system, which is installed on the windshield of vehicles. This makes automatic payment at the toll booth. After the introduction of this new scheme, private vehicle owners will be able to travel unlimited on National Highway, State Expressway, and Expressway for the whole year without any toll charge by paying an annual amount of only Rs 3000. This simply means that people will not need to stop at the toll booth every time or recharge the FASTag account again and again.

There will be two toll payment options

In the new policy, people will get two types of toll payment options. One will be annual toll pass and the other will be distance-based toll pass. For this annual toll pass, people will be able to travel unlimited highways throughout the year by paying a lump sum amount of Rs 3000. This will be best for those who often travel long distances. Distance-based toll will benefit those who rarely travel long distances. In this, one can travel by paying a flat rate of Rs 50 for every 100 km. This will replace the existing toll plaza based system, in which different charges have to be paid at every toll booth.

What will be the benefit to the people?

After the introduction of this new FASTag scheme, people travelling long distances will have to spend less money at toll booths. There is no need to stop at toll booths, which will get rid of traffic jams. People will get rid of the hassle of recharging FASTag again and again.

When will it be implemented?

The government has not yet announced an official date for when this new FASTag scheme will be implemented, but according to reports, this proposal is in the final stage in May 2025. In view of this, it is expected that it can be implemented all over India soon, which will make traveling on highways easier.

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EPF Advance Rules 2025: When can you withdraw money from your PF account during your job? Know the new rules

Jyoti — Fri, 09 May 2025 11:28:04 +0000

EPF Advance Rules 2025: Employees’ Provident Fund (EPF) is one of the most popular retirement saving schemes in the country. In this, the employee contributes 12% of his basic salary and DA, and the employer also contributes the same amount. Every year, interest is also fixed by EPFO on this amount.

Usually EPF money is withdrawn in lump sum at the time of retirement, but for some needs, the facility of partial withdrawal or advance (EPF Advance) is also given during the job.

1. PF advance for marriage

If you want to withdraw money from PF for your, your children or siblings’ marriage, then at least 7 years of membership and a minimum balance of ₹ 1,000 in the account is required. You can withdraw a maximum of 50% of your contribution (including interest). This facility can be availed a maximum of 3 times. (Paragraph 68K of EPF Scheme 1952)

2. PF withdrawal for education

Money can be withdrawn from EPF for children’s education after 12th. Like marriage, there is a minimum membership of 7 years and a maximum withdrawal limit of 3 times. You can withdraw a maximum of 50% of your contribution (including interest). (Para 68K)

3. EPF advance for buying/constructing a house

If you want to buy or construct land or a house, then you should have completed at least 5 years of becoming an EPF member. The house/land should be in your, your wife’s or joint name and should be legally registered.

To buy land: 24 months basic salary + DA or total deposit (employee + employer share including interest) or total cost – whichever is less.

To buy or construct a house: 36 months basic salary + DA or total deposit or total cost – whichever is less. (Para 68B)

4. Withdrawal for house repairs

You can take PF advance for house repairs after 5 years of construction of the house and again after 10 years. This facility is available twice.

5. Withdrawal from PF for treatment

The rules for withdrawal for treatment are very simple. There is no minimum service period, and you can withdraw anytime. You can withdraw a maximum of 6 months basic salary + DA or your EPF balance – whichever is less – for treatment. This facility can be availed as many times as needed. (Para 68J)

6. Withdrawal one year before retirement

If you have turned 54 or are 1 year away from retirement, you can withdraw up to 90% of EPF. This facility is available only once. (Para 68NN)

7. PF Advance for Disability

Physically disabled employees can withdraw 6 months of basic salary + DA, or employee’s share (including interest), or cost of equipment – whichever is less. This withdrawal can be done once every 3 years. (Para 68N)

8. PF withdrawal in case of unemployment

If a company is locked down for more than 15 days and employees are not getting salary, then that employee can withdraw his share (including interest). Similarly, if salary is not received for two consecutive months (excluding strike), then also withdrawal can be done. (Para 68H)

9. Withdrawal for Senior Pension Insurance Scheme (VPBY)

After completing the age of 55 years, EPF members can withdraw up to 90% of the money from their account and invest it in Senior Pension Insurance Scheme. (Para 68NNN)

10. PF advance in case of power cut

If there is no electricity for a long time, EPF members can withdraw 1 month’s salary, ₹300, or their share of contribution – whichever is less. For this, EPF Form 31 has to be filled.

11. Withdrawal to repay home loan

If you have taken a loan to buy, build or repair a house, and have completed 10 years of EPF membership, you can withdraw money from EPF to repay the loan. You can withdraw a maximum of 36 months basic salary + DA, or EPF total contribution (employee + employer) with interest, or outstanding loan amount – whichever is less. (Para 68BB)

12. PF advance in case of dismissal

If an employee has been fired and is fighting a case in court, then that employee can withdraw up to 50% of his EPF. (Para 68HH)
In such a situation, to take advantage of all these rules, it is necessary that your KYC details are updated on the EPFO portal. Keep an eye on the EPFO website and UMANG app to know the latest updates and processes related to EPF.

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Income Tax Rules: Income tax notice issued! Do not withdraw this much money in a day even by mistake

Jyoti — Thu, 24 Apr 2025 10:02:18 +0000

Income Tax : In this growing era of digital age, most of the things have become online. All the work related to banking sector has started happening online.

Even to make payment, there is no need to go to the bank and stand in queues. Money can be easily sent and received from home or anywhere through phone.

But despite this, even today people prefer to transact in cash and consider it safer than digital payment. If you also do cash transactions several times a day, then you should know about the rules related to income tax. Actually, if you do cash transactions more than the limit in a day, then the Income Tax Department can take action by sending a notice to your house. Therefore, it is very important to know the limit of cash transactions.

Cash Transaction

In this era of digital payments, the monitoring of the Income Tax Department has also increased a lot. Often people think that whether it is a digital payment or a cash transaction, if you do not tell the department, they will not know.

Actually, people who do cash transactions think like this more. Yes, the Income Tax Department keeps a close watch on big cash transactions. In such a situation, if you make any mistake while taking cash, you will get an Income Tax notice.

Rules for cash transactions-

Action on 5 lakh cash transaction-

If a person takes up to Rs 5 lakh in cash in a day and in such a situation the Income Tax Department issues a notice, then if that person is unable to give correct information about the source of that income in response to the notice, then action can be taken against him.

Apart from this, strict action can be taken against the person and he may also have to pay a heavy fine. However, this limit of Rs 5 lakh cash does not apply to cash withdrawn from banks and post offices.

How many cash transactions can be done in a day?

According to section 269ST, no person can do a cash transaction of more than Rs 2 lakh in a day. Even a single transaction should not exceed 2 lakhs. According to the rules, you cannot take more than Rs 2 lakh cash from a person in a day. You may face action if you violate these rules of the Income Tax Department.

How to do the transaction –

If you are going to receive a large amount of cash payment or are going to give it to someone for some work, then in such a situation always try to do the transaction through banking options like NEFT, RTGS, UPI.

By transacting through these options, you can avoid notices from the Income Tax Department, and financial transparency will also be maintained. In such a situation, everyone should avoid taking more than Rs 2 lakh in cash as far as possible.

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H-1B Visa Fees: How much money will it take to get an H-1B visa? Explain in 5 points

Jyoti — Mon, 17 Mar 2025 08:58:46 +0000

H-1B Visa Fees Explained: To obtain H-1B visa, many types of fees have to be paid. Some fees are borne by the company itself, while some fees have to be paid by the employee. However, in some cases, the companies also bear the expenses of the employees. Let us know about the fees of H-1B visa.

(1.) How many types of fees are involved in an H-1B visa?

Registration fee: The registration fee for H-1B visa has increased from $10 to $215. This fee has to be paid to be a part of the visa lottery. Applicants have to register electronically with USCIS before being a part of the lottery.
USCIS filing fees: Next is the USCIS filing fees. The base filing fee for all H-1B petitions is $460. Apart from this, an anti-fraud fee of $500 is also required for all initial and employer/company change petitions.
Additional fees for certain employers: If an employer has more than 50 employees and more than 50% of them are on H-1B or L-1 visas, they have to pay an additional fee of $4,000. This fee is part of the Consolidated Appropriations Act, 2016.
Premium Processing Fee: If you want to get your H-1B petition completed in just 15 days, then you can choose the option of premium processing fee. For this, you will have to pay a fee of $ 2,805. Usually this optional service is used by companies.

(2.) What is the total cost of an H-1B visa?

The total cost of an H-1B visa depends on the status of your employer/company. If a company does not apply to the additional $4,000 fee, then they will have to pay $215 as registration fee, $460 as base filing fee and $500 as anti-fraud fee. Thus, the total cost to the employer is $1,175. If the additional $4,000 fee is also applicable to the company, then it will have to spend $5,175. If the company opts for the premium processing fee, the cost may increase to $3,980 or $7,980.

(3.) Who pays for H-1B visas?

However, the biggest question here now is who pays the various fees charged for the H-1B visa. Does the company bear all the expenses or does the employee also have to pay something? The answer is that the responsibility of paying the fees in the H-1B visa application process is usually of the company/employer. However, in some places there are rules as to which fee the employer has to pay and which one the employee has to pay. In this way the visa expenses are divided between the two.

(4.) What fees does the company have to pay?

The company or employer has to pay the base filing fee ($460), anti-fraud fee ($500) and additional employer fee ($4,000, if applicable). If the option of premium processing is chosen, the employer will also have to pay its fee ($2,805). Thus, all the major fees have to be paid by the company itself. The biggest expense is borne by the company itself.

(5.) What fees does the employee have to pay?

The employee usually has to bear the H-1B registration fee ($215) and other costs like visa stamping fees. However, in some cases the company can also pay the registration fee. This way the employee does not have to spend much money to obtain an H-1B visa.

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RBI’s New order: Customers of this bank cannot deposit or withdraw their money from the bank for 6 months. Check details

Jyoti — Mon, 24 Feb 2025 10:01:20 +0000

Mumbai: The tension of the customers of New India Co-operative Bank has increased. Now they are not even able to withdraw their money deposited in the bank. Let us tell you that recently the Reserve Bank of India (RBI) has imposed many restrictions on the New India Co-operative Bank which is continuously running in loss.

This also includes withdrawal of money by depositors. After the instructions of the Reserve Bank, the ban on closing the business of New India Co-operative Bank came into effect from February 13 and will remain in force for the next six months.

According to the RBI statement, in view of the current cash position of the bank, instructions have been given not to allow withdrawal of any amount from the savings or current account or any other account of the depositors.

Out of the 1.3 lakh depositors of this Mumbai based bank, more than 90 percent have deposits up to Rs 5 lakh in their accounts. Let us tell you that most of the 28 branches of this cooperative bank are in Mumbai metropolis. It has two branches in Surat, Gujarat and one branch in Pune.

Quick action in the case

Let us tell you that the Reserve Bank of India had found some flaws in the investigation of the accounts of New India Co-operative Bank. Last Friday, the RBI dissolved the bank’s board for one year and appointed an administrator to handle the affairs. A committee of advisors was also appointed to assist the administrator.

After this, Mumbai Police registered a case of alleged embezzlement of Rs 122 crore against the General Manager and Accounts Head of New India Co-operative Bank and their associates. Now a Mumbai court has extended the police custody of Hitesh Mehta, the main accused in the New India Co-operative Bank embezzlement case, till February 28.

The court has also sent the bank’s former CEO Abhimanyu Bhoan to police custody till February 28. The Economic Offenses Wing of Mumbai Police is investigating the case. Mehta, the bank’s general manager and head of the accounts department, is accused of embezzling Rs 122 crore from the bank’s treasury at different times.

Gratuity payment rules: Employer can stop money in this condition, SC accepted it right

Jyoti — Thu, 20 Feb 2025 13:05:43 +0000

Gratuity payment rules: The Supreme Court has ruled that an employee’s gratuity can be stopped on the grounds of ‘moral turpitude’ even without a criminal conviction. Employers will have to follow the principles of justice in this process.

Gratuity rules: If you have worked in a company for five years and you think that you will get gratuity, then this is your misconception. It is not necessary that you will get gratuity. Now in some cases, gratuity will not be given at all. The Supreme Court has recently given an important decision, which has brought a big change in the rules between employees and employers.

On 17 February 2025, the Supreme Court ruled that under the Gratuity Act 1972, a criminal conviction is no longer necessary to confiscate an employee’s gratuity. If an employee is fired on the grounds of “moral turpitude”, his gratuity can be stopped. For this, there is no need to prove the crime in court. Moral turpitude means doing any immoral, wrong or fraudulent act or committing fraud.

Earlier, the 2018 Supreme Court judgment (Union of India vs. Ajay Babu) stated that it is necessary to prove the crime in court to stop gratuity. But after this new judgment, the 2018 judgment will no longer be applicable. If an employee is fired on the grounds of moral turpitude, the company can stop his gratuity.

The employee gave the wrong date of birth.

According to the Economic Times report, in this latest case, an employee hid his real date of birth. He had shown the date of birth as 1960 instead of 1953. Because of this, he got the job for 22 years. When this lie was discovered, he was fired from the job and his gratuity was stopped. The court said that if the employee had told the correct date of birth in the beginning, he would not have got the job.

In this case, an employee got a job by giving a false date of birth and worked in a public sector company for 22 years. When this fraud came to light, the company fired him and stopped his gratuity, although no criminal case was filed against him. The Supreme Court held that such fraud is ‘moral turpitude’ and criminal punishment is not necessary for stopping gratuity.

However, the Supreme Court also said that employers must follow the principles of natural justice when withholding gratuity. This means that the employee must be given a chance to present his case, and the employer must adopt a sympathetic approach. For example, in this case, the Supreme Court ordered that 75% of the employee’s gratuity be returned to him and only 25% be withheld.

SEBI canceled this IPO; ordered to return the money along with interest

Jyoti — Wed, 04 Dec 2024 11:01:48 +0000

Trafiksol ITS IPO: Market regulator SEBI on Tuesday ordered Trafiksol ITS Technologies to cancel its Rs 45 crore IPO and refund the money to investors along with interest. SEBI has taken this decision after reports of misleading information in the company’s prospectus and suspected collusion with a shell entity.

Trafficsol ITS is a Noida-based company that provides intelligent transportation systems and automation solutions for traffic and toll management projects.

In October, BSE had postponed the listing of Trafficsol ITS Technologies Limited (TITL) on the SME platform following investor concerns. The Rs 45 crore IPO was subscribed over 345 times, receiving bids worth over Rs 10,000 crore.

SEBI ordered to return the money

SEBI has ordered BSE to monitor the refund process within a week from the date of this order. Also, Trafficsol has been directed to take necessary steps to cancel the shares transferred to the demat accounts of the bidders.

In fact, before the company’s shares were listed on the exchange, BSE had received a complaint from the Small Investors Welfare Association (SIREN). In its 16-page order, SEBI has said that Trafficsol knowingly relied on fraudulent documents submitted by a dubious third-party vendor (TPV) to justify the purchase of software worth Rs 17.7 crore.

Trafficsol fails to convince SEBI

Apart from this, SEBI’s investigation also revealed that TPV was a shell entity whose financial records were suspicious. Apart from this, it had no prior experience in software development. Therefore, SEBI has concluded that TPV was selected on the basis of fake profiles and forged financial documents.

While Trafficsol claimed that it had simply received a quote from TPV and selected it as per its procurement policy, the company failed to clearly explain why it selected it in the first place.

Delhi govt has finally announced 1000 per month to women, know when the money will come in the account…

Jyoti — Sat, 30 Nov 2024 05:06:17 +0000

Arvind Kejriwal while addressing women said that I am working for you. 1000 rupees will start depositing in your bank account soon. Registration process will be started soon. Arvind Kejriwal said, ‘There is only one condition for this. Applicant must be a registered voter of Delhi.

In the capital of the country, Delhi, the assembly elections have not been announced yet, but the excitement about it has increased. Along with the ruling Aam Aadmi Party, the opposition BJP has also become active regarding the elections. Aam Aadmi Party supremo and former Delhi Chief Minister Arvind Kejriwal is continuously marching.

Other senior leaders of ‘AAP’ are also campaigning from house to house in different parts of Delhi. During his journey to office, Arvind Kejriwal has made a big announcement. This will directly benefit lakhs of women in Delhi. Former CM Kejriwal said that giving Rs 1000 per month to women under the Mukhya Mantri Mahila Samman Yojana will be started soon. Let us tell you that a free bus service is already being run for women in Delhi.

Arvind Kejriwal has given a major update on the Chief Minister Mahila Samman Yojana on Friday. He said that the registration process for the scheme of giving Rs 1000 per month to women will start soon. Kejriwal was in Burari during the padyatra. A large number of women were also present on this occasion. The former CM of Delhi said on this occasion that only those women who are voters of Delhi will be registered under this scheme. This is the first and foremost condition to avail the benefit of the scheme. Apart from this, the age of the female beneficiary should be more than 18 years. Let it be known that the ‘AAP’ government of Delhi had mentioned the Chief Minister Mahila Samman Yojana in the budget of the financial year 2024-25 in March. A provision of Rs 2000 crore was also made for this.

Arvind Kejriwal while addressing women said that I am working for you. 1000 rupees will start depositing in your bank account soon. Registration process will be started soon. Arvind Kejriwal said, ‘There is only one condition for this. Applicant must be a registered voter of Delhi.

Post Office Scheme: You will get money every month in the post office scheme – check all details

Jyoti — Sun, 03 Nov 2024 15:12:14 +0000

Post Office Scheme : Post Office Monthly Income Account (POMIS) is a scheme in which after investing, a fixed amount is received every month. With attractive interest rates, this government scheme is a safe investment option and can become a good source of regular income.

The interest rate on Post Office Monthly Income Account is 7.4% per annum. In this scheme, a maximum of Rs 9 lakh can be deposited through a single account and a maximum of Rs 15 lakh through a joint account. The most special thing about this scheme is that being a government scheme, it is completely safe. Along with a single account, there is also a facility to open a joint account with husband and wife.

Who can open an account?

Single account in the name of an adult
Joint account (up to 3 adults)
Guardians of a minor can open an account in his/her name
If the minor has attained the age of 10 years, an account can be opened in his/her name as well

Deposit Rules

A minimum of Rs 1000 is required to open an account.
A maximum of Rs 9 lakh can be deposited in a single account and a maximum of Rs 15 lakh can be deposited in a joint account.
In a joint account, each account holder has an equal share in the investment.

How is interest added?

This scheme is giving 7.4% interest per annum, which is credited to the account every month. If the customer does not withdraw this amount, it remains in his post office savings account and interest is also received on it. The maturity period of this scheme is 5 years, which can be extended later at the new interest rate.

How much money will I get every month?

from a joint account
Interest Rate: 7.4% per annum
Maximum investment from joint account: Rs 15 lakh
Annual Interest: Rs 1,11,000
Monthly interest: Rs 9250
From a single account:
Maximum investment: Rs 9 lakh
Annual Interest: Rs 66,600
Monthly Interest: Rs 5550

Benefits of the scheme

The maturity period of Post Office Monthly Income Scheme is 5 years, but after that it can be extended with the new interest rate. This scheme is providing better returns than bank FD. If the investor does not want to continue it after 5 years, then the entire deposit amount will be returned.

Rules for premature closure of account

The deposited amount cannot be withdrawn before completion of one year.

If the account is closed after 1 year and before 3 years, 2% of the amount will be deducted and the remaining amount will be given.

If the account is closed after 3 years and before 5 years, 1% of the amount will be deducted and the remaining amount will be paid.

Post Office’s superhit scheme! You will get Rs 20,500 every month for life, you just have to pay once

Jyoti — Thu, 17 Oct 2024 13:05:03 +0000

Post Office Scheme : Are you looking for a scheme in which money keeps coming every month. Your money is also safe. Post Office is offering a great scheme for you. In this scheme of Post Office, you will get Rs 20,500 every month.

Getting regular monthly income after retirement becomes a challenging task. Senior Citizen Savings Scheme (SCSS) is one such scheme which will give you a fixed income every month after retirement. You can take Rs 20,500 every month for five years.

You will get 20,500 rupees every month for life

Senior citizens investing in SCSS can earn up to Rs 20,000 every month. The interest rate of this scheme is 8.2 percent. This is the maximum interest given in any government scheme. Its maturity period is five years. There is also an option to extend it after five years. Indian citizens above 60 years of age can invest lump sum money in this scheme.

You will have to invest this much in post office scheme

Earlier the maximum investment limit in this scheme was Rs 15 lakh, which has now been increased to Rs 30 lakh. If you invest Rs 30 lakh in it, you will get about Rs 2,46,000 as interest every year. According to this, you will have a monthly income of about Rs 20,500 every month. This money will come directly to your bank account. This will prove useful for regular expenses after your retirement.

Who can invest?

People aged 60 years and above can invest in the SCSS scheme. Apart from this, people who voluntarily retire at the age of 55 to 60 years can also open an account in it. To open an account in the scheme, you can apply by going to the nearest post office or bank.

What tax will have to be paid?

Keep in mind that tax has to be paid on the income received from this scheme. However, SCSS scheme also provides the facility of tax savings, so that you can reduce your tax liability to some extent.

Rule

Senior Citizen Savings Scheme can be a safe and beneficial option for regular monthly income after retirement. Therefore, it is important to understand all its terms and conditions before investing in this scheme. By investing in this scheme, you can make your retirement financially secure.

Insurance Policy: Now you will get more money on surrendering life insurance policy

Jyoti — Mon, 07 Oct 2024 11:02:13 +0000

Insurance regulator IRDAI has given a big relief to the policyholders and made a big change in the rules of life insurance. Now the customer will get more refund if the policy is closed before maturity.

For this, the rules of special surrender value have come into effect from October 1. This will benefit the most to those people who return the policy within a year. Now their entire money will not be lost. At the same time, the policy sold in the wrong way can also be returned easily. The amount that the company returns on closing the insurance before maturity is called surrender value. It is decided on the basis of the total premium paid.

Rules for these policies

The new rule will be applicable only on endowment policies of life insurance. Endowment policy means a policy which has an element of savings along with insurance. With the implementation of the new rule, the margin of insurance companies in endowment policies will decrease. The new rule will not be applicable on ULIP and term insurance policies.

Premium required for one year

Earlier, if a policyholder used to close a life insurance policy after one year, then all the money paid as premium would be lost. With the new special surrender value rules, the policyholder will be entitled to get a refund even after returning the policy after the first year. However, for this, the policyholder will have to pay the premium for at least one year, only then he will be able to take advantage of this rule.

Surrender Period Sum Assured+Bonus Surrender Value Percentage of Premium

1 year 60,000 31,295 62.59%

2 years 1,20,000 67,284 67.28%

3 years 1,80,000 1,08,495 72.33%

4 years 2,40,000 1,55,510 77.76%

5 years 3,00,000 2,08,967 83.59%

7 years 4,20,000 3,38,083 96.60%

9 years 5,40,000 5,02,235 111.7%

(Note:(This calculation is based on a 10-year policy with an annual premium of Rs 50,000 and a bonus of Rs 10,000 on a sum assured of Rs 5 lakh. These are subject to change.)

Earlier this much money was returned

According to the old rules, there was no provision for refund of the premium amount paid on surrendering the policy after one year. On returning the policy after two years, 30% of the total premium paid was refunded. On returning the policy after three years, 35% was refunded, on returning the policy between four to seven years, 50% was refunded and on returning the policy two years before the maturity of the policy, 90% was refunded.

PF Withdrawal Limit: You can Withdraw this much Money from PF for Medical Emergency, know how

Jyoti — Thu, 22 Aug 2024 10:00:10 +0000

PF Withdrawal Limit For Medical Treatment: Are you also facing a medical emergency? If you need money immediately, you can withdraw money from your Employees’ Provident Fund (EPF) account.

The Employees’ Provident Fund Organization (EPFO) allows its members to withdraw money to deal with expenses like medical emergency, house construction, marriage, education, home loan etc.

What is Employees Provident Fund (EPF)?

Employee Provident Fund (EPF) is a retirement saving scheme. In this, a part of the salaried employees is deposited in EPFO every month. Employers also contribute to this fund. This deposited money is given to the employees at the time of retirement. By then it becomes a big fund. EPF can be used even during the job.

Limit for withdrawing money from PF for medical emergency

EPFO members can withdraw up to Rs 1 lakh in case of hospitalization in a medical emergency or life-threatening situation. Earlier, this amount could be withdrawn on the basis of the estimate given by the hospital. Now its limit has been kept at Rs 1 lakh. A member’s 6 months’ basic and dearness allowance (DA) or the member’s contribution and interest received on it, whichever is less, can be withdrawn.

Also Read: NCRTC and DMRC launch Integrated QR-ticketing system for Seamless Travel

This is how you can withdraw advance from PF

Visit EPFO e-Sewa portal : https://unifiedportal-mem.epfindia.gov.in/memberinterface/

Enter bank account details: Click on Verify and accept the terms and conditions.

Online Service: Click on Online Service link and select Claim Form-31 for the illness.

Claim: Click on ‘Proceed to Claim Online’.

If the patient has been discharged from the hospital, then the employee has to submit the medical bill to EPFO within 45 days so that it becomes easier to withdraw money from PF and avail the benefit of the service.

Property Tips: House or land, whose registration costs more money?

Pravesh Maurya — Tue, 23 Jul 2024 06:17:38 +0000

Property Tips: Buying your own home is the dream of many people. It takes a lot of hard work and savings to make it happen. The process of buying property can be tricky, involving legal and financial hurdles to go through.

Getting the property registered can be troublesome and can cost extra money. A common question that comes up is whether you need more money to register the house or the land you are building a house on. To make things clear, it is important to know the difference and requirements for each type of registration.

Which registry costs more money?

The amount of discount offered on registration fee for a property depends on whether the property is located in an urban or rural area. Generally, the registration fee in rural areas is around 4 to 5 percent of the circle rate, while in urban areas it is close to 6 percent. Apart from this, special discounts are offered for properties purchased in the name of women.

keep these things in mind

When buying a property, it is important to carefully check the registry papers to ensure their accuracy. Additionally, it is important to check the ownership history to determine how the seller acquired the property and verify their legitimacy as the rightful owner. Do your due diligence to avoid potential legal issues or disputes in the future. Now you can make the right decision at your convenience.

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UPI payment Service: You can make UPI payment even if there is no money in your account, this facility will start soon

Pravesh Maurya — Fri, 12 Jul 2024 05:27:50 +0000

In the coming days, you will be able to make UPI payments easily even if you do not have money in your account. Because, National Payment Corporation of India is soon going to start the credit line facility for customers using UPI.

The credit line on UPI was announced about nine months ago. After the introduction of this facility, your UPI account will work like a credit card. Actually, the credit line on UPI is nothing but a pre-approved loan for the customer using the bank account. This bank account is linked to the UPI accounts of the customers.

Banks will charge fixed interest

The corporation says that every customer will get a credit line according to his Cibil score. This can be used only with the merchant. In return, the banks will also charge a fixed interest. The corporation has held talks with many private and government banks in this regard. So far ICICI Bank, HDFC Bank, PNB, Indian Bank and Axis Bank have agreed to join.

Shopkeepers will also get this benefit

This facility will benefit not only customers but also shopkeepers. Currently, shopkeepers have to pay a charge of about two percent for payment of more than Rs 2000 through credit card. After getting a credit line in UPI, such fees will not have to be paid. It is a different matter that you do not have to pay any interest on a credit card for a certain period, but in UPI’s credit line, you will have to pay interest on the amount used. This will work like an overdraft facility in a way.

1.2% interchange may be charged

The commission that the merchant pays to the credit issuer on every transaction is the interchange. This is 90 percent of the merchant discount rate. Merchants pay this fee to banks to make transactions more convenient. The corporation may soon announce 1.2 percent interchange for UPI credit line. A circular may be issued soon in this regard. UPI is in talks with apps and banks regarding the share in the earnings.

UPI will be launched in Qatar

National Payments Corporation of India has tied up with QNB to launch QR code based Unified Payments Interface payment service in Qatar. The corporation said that an agreement has been signed with QNB, the largest financial institution in the Middle East and Africa, to launch UPI payments. This partnership will provide Indian tourists the option to use their preferred payment method at retail stores, tourist attractions, leisure destinations, duty-free shops and hotels.

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Big Relief for LIC Policy Holders! Policy surrender money will be received within 48 hours, know the details

Pravesh Maurya — Sat, 06 Jul 2024 04:13:33 +0000

New Delhi. There is a relief news for the people who have taken insurance from Life Insurance Corporation of India (LIC). ACESO, an organization that provides easy solutions to insurance policy holders, has launched ALIP.

This is an assignment of life insurance policies, with the help of which policyholders considering policy surrender or policy lapse will get great relief. Life insurance policyholders will be able to easily get their surrender value with the help of this platform. Let us tell you that ALIP operated by ACESO Endowment Services Private Limited has been designed to provide maximum value and benefits to LIC policyholders.

Nominees will get life coverage

Further, ALIP goes beyond the idea of surrender value and provides year-wise life coverage benefits to the nominees of the policyholder in case of accidental death or lapse of premium from the date of assignment to the date of maturity. All this is provided by an independent SPV trust, which is managed by a company registered with the Securities and Exchange Board of India (SEBI).

Also Read: How to apply online for Learner DL, know the step by step process today

ACESO said this

Ranjit Kulkarni, Head of Research and Strategic Acquisitions at ACESO, said that endowment policies contribute a significant 80 per cent of all its policy issuances, playing a vital role in the insurance landscape. However, 50 per cent of these policies are surrendered before maturity or lapse. He further said that ALIP gives LIC insured people a simple option to surrender their policies prematurely, which will ensure that they can unlock their insurance policy value while also protecting their future life coverage.

Payment will be made in 48 hours

With the help of ALIP, the policyholder will be able to get his payment in less time under a faster process. Under ALIP, after completion of all the necessary documents, the payment will usually be made within 48 hours. Apart from this, the documentation and KYC process is completed online as quickly as possible, so that both the policyholder and his LIC agent do not have to face any hassles.

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Post Office’s amazing scheme, money will double without any risk, know how to become a millionaire

Pravesh Maurya — Fri, 28 Jun 2024 09:37:25 +0000

KISAN VIKAS PATRA YOJNA- The government runs different schemes to promote savings in the country. You can invest in these schemes through bank or post office. Many of these schemes double your money in a few months. Today we are going to tell you about one such scheme. Read the full news…

Many government schemes are offered by the post office. These schemes also give good returns to the people after a period of time. Post office schemes save you from risk as compared to the stock market or any other place. If you are planning to invest without any risk, then today we are going to tell you about one such scheme which will double the invested money.

Kisan Vikas Patra (KVP) certificates are income savings schemes that offer guaranteed returns to depositors under different conditions. According to the India Post portal, indiapost.gov.in, for the quarter ended June 30, these certificate investment schemes are offering an interest rate of 7.5-7.7 per cent.

Kisan Vikas Patra (KVP)

This Kisan Vikas Patra scheme of the post office will double your money in a few months. In this scheme, you can invest at least Rs 1000 in multiples of 100. The most special thing about this scheme is that there is no limit for it. You can invest as much money as you want.

Kisan Vikas Patra or KVP is a small savings scheme that aims to double your investment amount. The minimum investment is Rs 1000/- and there is no maximum limit. A KVP account can be opened by any single adult or a joint account with a maximum of 3 adults. A guardian can also open an account on behalf of a minor or a minor above 10 years of age can open an account in his/her own name.

Benefits of this scheme

It is a safe investment with capital protection.
In this scheme, you will get an interest rate of 7.5 percent per annum. Please note that these interest rates are revised on a quarterly basis.
Its maturity period of 115 months includes interest compounded annually.
There is no deduction under 80C in this scheme. Returns are taxable with TDS at 10 per cent per annum.
Premature withdrawal is allowed after 30 months or under certain circumstances.
The minimum investment is Rs 1,000, with no upper limit.
You can use KVP certificate as collateral for loan.

Who is eligible to apply?
Any Indian citizen aged 18 years or above can invest in KVP. Hindu Undivided Families (HUFs) and NRIs are not eligible to invest in KVP.

Kisan Vikas Patra Calculator
At the current interest rate of 7.50 per cent for the April-June 2024 quarter, an investment of Rs 1 lakh in KVP will double to Rs 2 lakh in 9 years and 7 months. There is no tax deduction benefit on KVP. Also, your income is taxable at your slab rate.

If someone invests Rs 5 lakh under this scheme and keeps investing in this scheme till maturity i.e. 115 months, then the investor will get Rs 10 lakh on maturity.

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New facility started for those investing money in share market

Pravesh Maurya — Fri, 24 Nov 2023 05:36:58 +0000

Securities and Exchange Board of India (SEBI) has launched a new platform to protect trading members and brokers from asset loss. Its name is IRRA.

This platform will act as a safety net in case of any technical glitch. This will help trading members to cancel an order at a time when they are unable to do so on the main platform and disaster recovery site due to technical glitches, resulting in losses.

This platform has been created jointly by BSE, NSE, NCDEX, MCX and MSE. It was launched on Monday by SEBI Chairperson Madhabi Puri Buch. While launching it, he also explained how this platform will work. He said that this platform will give investors an opportunity to close their open positions or cancel any order.

This platform will help in case of any technical glitch or such unknown situation when it is difficult to do any work related to the order on the main and recovery site. He said that it has been developed to reduce the risk of investors. He made it clear that this platform cannot be used for taking new orders or positions. This will be used only to cancel the order.

Why was this needed?

As dependence on technology for trading is increasing, its risks are also increasing. Many times such situations arise where the main and recovery platforms stop working due to some unknown fault. In such a situation, investors are not able to make any changes related to their trade. The problem becomes bigger when there is a period of sharp fluctuations in the market and an investor wants to close his position or cancel the order. In such a situation he has to suffer financial loss.

‘There should never be a need to use’

Madhuri Puri Butch said that the hope is that there should never be a need to use this platform. He said, “Think of it as a safety net for an artist walking on a thin rope in the air. He hopes that he never needs it, but it is also necessary to have it.”

How will this work?

During any technical glitch, an investor may demand to start it. Exchanges will activate it after initial investigation. Exchanges themselves can also start this. If they feel that there has been a technical glitch, there are other errors in the order or people are complaining about trading on social media.

As soon as this service is activated, it will download all the trades of that investor. After this, these trades will be sent to the investor through SMS or email. Along with this, a link will also be sent to him to access IRRA. Once the investor gets permission to enter IRRA, he can cancel his pending orders from here. With IRRA, this work can be done for any exchange and any segment.

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Does your employer deposit PF money into your PF account on time? check here

Pravesh Maurya — Thu, 16 Nov 2023 12:07:24 +0000

PF account: If you also contribute to EPFO then it is important for you to check the status of your EPF account. You should check whether the employer i.e.

your company is also contributing the same amount as you are contributing or not. Many times it also happens that the company deposits the money from the employee’s account into the EPF account but the company does not contribute its contribution.

Find out whether the employer is depositing the money or not

If an employer does not deposit the money in the PF account of his employees on time, then he has to pay interest as per the interest rate fixed by EPFO. The employee can also complain about this to EPFO. He can complain only when it is confirmed that the money has been deducted from his salary but has not been deposited in the PF account. You will get this information from your PF account statement. This can be checked online from EPFO member portal or from PF office.

Action may be taken against the employee for default

If the company defaults in depositing money in the employees’ PF account, then it has to pay interest as per Section 14B and Section 7Q. The interest on default of less than 2 months is 5 percent. The interest on default of 2 to 4 months is 10 percent. On default of 4-6 months, interest will be charged at the rate of 15 percent. On default of more than 6 months, interest will have to be paid at 25 percent rate.

You can complain like this

If an employee finds that his employer is not depositing his PF money in his EPF account, then he can complain online through the EPFiGMS portal. To register a complaint on this portal, you will have to provide your details. These include Universal Account Number, Employers Establishment Code and details of your complaint. If you face difficulty in filing complaint online, you can also complain in the regional office of PF.

You can also complain on Umang App

EPFiGMS facilities are also available on UMANG. You can lodge your complaint through Umang mobile app. Once the complaint is registered, the system generates a unique registration number. This information is sent to the subscriber through SMS or email. EPFO is a government organization. It comes under the Ministry of Labor and Employment.

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Best Post Office Saving Scheme! Invest money once, you will earn more than Rs 2 lakh only from interest

Pravesh Maurya — Tue, 14 Nov 2023 09:06:40 +0000

Best Post Office Saving Scheme! Many saving schemes are being operated in the post office for children and elderly people. One of these special schemes helps investors earn lakhs only through interest. Yes, we are talking about Post Office Time Deposit Scheme. In this five-year plan, apart from keeping your money safe, you also get strong returns. Due to this, it is one of the popular return schemes.

Interest is available at 7.5 percent.

Everyone wants to save some of their earnings and invest it in a place where their money remains safe and they can get excellent returns on it. In this matter, small savings schemes run by the post office are now proving to be very popular. Talking about Post Office Time Deposit Scheme, it offers huge interest as well as great benefits. The interest received on investment in this scheme is 7.5 percent.

There was a change in the interest rates in April.

The interest rates of small savings schemes (Govt Small Saving Schemes) are revised by the government every three months and on April 1, 2023 itself, this post office time deposit for a period of five years is revised. The interest rate available in the scheme was increased from 7 percent to 7.5 percent. With this interest rate, this post office scheme is one of the best savings schemes because it is becoming popular among investors due to the guaranteed income.

You can invest for these tenures.

Investors can invest in this saving scheme of Post Office for different tenures. Under this, money can be deposited for 1 year, 2 years, 3 years and 5 years. If you invest for one year, you get 6.9 percent interest, if you invest money for 2 or 3 years, you get 7 percent interest and if you invest in Post Office Time Deposit Scheme for 5 years, you get 7.5 percent interest. . However, it takes more than five years for the customer’s investment to double.

Earning of more than Rs 2 lakh from interest:

If we look at the calculation of doubling of investors’ money in post office time deposit, then suppose a customer invests Rs 5 lakh for five years and he gets interest at the rate of 7.5 percent on it. Then during this period he will get interest of Rs 2,24,974 on the deposit and the total maturity amount including the investment amount will increase to Rs 7,24,974. That means you can earn guaranteed income of lakhs of rupees by investing in it.

Benefit of tax exemption is also available.

In Time Deposit Scheme, the customer is also given the benefit of tax exemption under Section 80C of the Income Tax Department Act 1961. In this savings scheme, single account or joint account can be opened. The account of a child above 10 years of age can be opened through his family member. In this, an account can be opened with a minimum of Rs 1,000. In which interest money is added on annual basis.

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Tax Devolution: Central government released the money earned from tax ahead of time

Pravesh Maurya — Wed, 08 Nov 2023 04:33:32 +0000

Tax Devolution To States: In view of the festive season, the Central Government has released the amount of states’ share in tax earnings for the month of November ahead of time. The central government has approved the release of Rs 72,961.21 crore to the states for November 2023 on November 7. However, this amount was to be released by November 10. Due to this decision of the Centre, the state governments will be able to make payments to the beneficiaries and employees on time in view of the festivals.

According to the Finance Ministry, a total of Rs 72,961.21 crore has been released to 28 states for the month of November, in which the maximum amount of Rs 13088.51 crore has been released to Uttar Pradesh. After this comes the turn of Bihar. Rs 7338.44 crore has been released to Bihar from its tax share.

👉 Union Government authorises release of tax devolution of ₹72,961.21 crore to all State Governments for November, 2023; three days ahead of the usual date of 10th November

👉 Early release enables State Governments to make in-time releases during festival season

Read more ➡️… pic.twitter.com/lz0h6C8OqN

— Ministry of Finance (@FinMinIndia) November 7, 2023

Rs 5727.44 crore has been released to the election state Madhya Pradesh. Whereas Rs 5488.88 crore has been released to West Bengal. Another election state Rajasthan has been released Rs 4396.64 crore as its share of tax. Apart from this, Rs 2485.79 crore has been released to Chhattisgarh, Rs 4608.96 crore to Maharashtra, Rs 2660.88 crore to Karnataka.

The central government provides money to the states for building infrastructure, funding development projects, taking care of the welfare of the people and spending on important projects and programmes. The central government releases this money from the tax pool to the states in 14 installments. According to the budget estimates for the financial year 2023-24, as per the recommendations of the 15th Finance Commission, the government will release Rs 10.21 lakh crore to the states this year.

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PPF: You can become a millionaire by investing in PPF, know how and where to invest

Pravesh Maurya — Mon, 06 Nov 2023 10:07:31 +0000

PPF : Becoming a millionaire is the dream of many people but not everyone is able to achieve this target. Investment is one of the best ways to fulfill this dream. With careful planning, you can build a corpus of more than Rs 1 crore by investing for the long term.

If you are a salary class person, it is wise to invest right at the beginning of your job. The longer you invest, the better returns you can expect. You can create a corpus of more than Rs 1 crore in 25 years by investing in PPF.

This much money will have to be deposited every month

If you deposit Rs 12,500 every month in PPF account and invest it for 15 years. So you will get a total of Rs 40.68 lakh on maturity. Your total investment in this will be Rs 22.50 lakh, while your income from interest will be Rs 18.18 lakh. This calculation has been done on the basis of 7.1% annual interest for the next 15 years. The maturity amount may change when the interest rate changes. Interest in PPF is available on compounding basis.

This is how you will become a millionaire

If you want to become a millionaire through this scheme, then after 15 years you will have to extend it twice for 5 years each. That means, now your investment period will be 25 years. After 25 years you will get a total of Rs 1.03 crore. Your total investment during this period will be Rs 37.50 lakh, while you will get Rs 65.58 lakh as interest income. Keep in mind that if you want to extend the PPF account, you will have to apply one year before maturity. The account will not be extended after maturity.

Get exemption on tax

The biggest advantage of the PPF scheme is that it gets tax exemption under Section 80C of the Income Tax Act. In this scheme, you can avail rebate on investment up to Rs 1.5 lakh. The interest received on PPF is also not taxed. The most important thing is that the government promotes small savings schemes. Therefore investing in it is completely safe.

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Home Loan: Know these four things before applying for home loan, otherwise the application may get canceled

Pravesh Maurya — Sat, 04 Nov 2023 15:06:54 +0000

Home Loan: If you have to earn your livelihood, fulfill your needs, fulfill your hobbies etc., then you need money. That’s why some do their own business and some do jobs.

If seen, a large section of people are employed who depend on the salary they receive every month. But all the work cannot be done with salary alone and sometimes such needs arise for which a lot of money is required at once. One of these is building your own house. We all know that buying a house requires a lot of money at once.

That’s why most people take home loan, but perhaps you don’t know that you should know some things before applying for home loan? Otherwise your application may get canceled. So let us know what these things are.

Keep these things in mind:-

Credit score

If you are taking a home loan, then one thing to ensure is that your credit score is correct. Whether you will be able to get a loan or not depends largely on your credit score. If it is bad, your loan may even get rejected.

Your loan history

Your loan can also be rejected for this reason, if your loan history is not good. Have you ever taken any loan and did not pay its EMI on time or did not pay any loan at all or got any loan settled etc. Then even in such a situation, many banks can register objection and cancel your loan.

It is necessary to fulfill the conditions

It is also important to fulfill the conditions of the bank from which you are taking the loan. Non-fulfillment of the eligibility criteria of the Bank may result in rejection of your application.

Documents required

Whenever you take a home loan, you need some documents for it. If you do not have these related documents, then you may face a lot of difficulties in getting the loan and your application may also get canceled.

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Post Office Scheme: Invest in this post office scheme, your money will double in a few months

Pravesh Maurya — Thu, 02 Nov 2023 14:04:06 +0000

Diwali 2023: Festive season is going on. Now only a few days are left for Diwali. In such a situation, today we are going to tell you about a very wonderful scheme of the post office, where you can invest your money this Diwali.

The name of this post office scheme is Kisan Vikas Patra Yojana. If you want to get good returns on your savings, then Kisan Vikas Patra Yojana is a good investment option for you. The money invested by you in this scheme will double in a few months. Many great benefits are also available by investing in Kisan Vikas Patra Yojana.

This scheme of post office is completely safe. By investing in this you will not have to face any kind of market risks. Let us know about it in detail in this episode – The most special thing about Post Office’s Kisan Vikas Patra Scheme is that you can start investing in it with just Rs 1,000. There is no limit on the maximum investment amount in this scheme.

At present, by investing in this scheme you are getting an interest rate of 7.5 percent. If you invest your savings in this scheme, it will double in 115 months.

By investing in Kisan Vikas Patra Yojana, you also get a rebate of Rs 1.5 lakh under Section 80C of the Income Tax Act, 1961. By investing in Kisan Vikas Patra Yojana, you get both security and guarantee.

You can open your account in this scheme by visiting the nearest post office. In such a situation, on the occasion of Diwali, you can get good returns by investing in this scheme.

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Money Rules Changed: These rules related to your money have changed from today

Pravesh Maurya — Wed, 01 Nov 2023 04:52:45 +0000

Money Rules Changed from 1 November 2023: The new month has started from today. With the beginning of November, there have been changes in many rules related to money, which will directly impact the pockets of common people.

Festival season is going on in India. In such a situation, these decisions of the government are going to have a direct impact on the household budget of the people. Let us know which financial rules have changed from today.

1. LPG cylinder prices increased

Before the festive season, people have been hit by inflation. From today, a rise of more than Rs 100 is being seen in the price of 19 kg commercial cylinder in the country. This is going to especially affect restaurants and hotels, which will affect the prices of outside food items during the festival season. After this decision, commercial LPG cylinder has become costlier by Rs 101.50 and is available at Rs 1833 in the capital Delhi.

2. BSE increased transaction fees in equity derivatives segment

BSE i.e. Bombay Stock Exchange had announced on October 20 that the transaction fees on the equity derivatives segment are being increased. This fee is being imposed on the options of S&P BSE Sensex, which is going to directly impact retail investors.

3. Banks will be full of holidays

Due to the festive season, there will be a lot of holidays in banks this month. There will be a total of 15 days holiday in banks due to festivals like Dhanteras, Diwali, Bhai Dooj, Chhath etc. This also includes Saturday and Sunday holidays. In such a situation, if you have to complete any work related to banks, then leave the house only after looking at the list of holidays.

4. Changes in GST rules

Now businesses with a turnover of more than Rs 100 crore will have to upload GST invoices on the e-Voice portal within a month i.e. 30 days from November 1, 2023. The GST authority had taken this decision in September.

5. Laptop import deadline

Modi government had given exemption on import of laptops, personal computers and other electronic items under HSN 8741 category till October 31, 2023. Since then the government has not taken any decision on this. It is expected that the government may take a decision on this today.

6. ATF becomes cheaper

The price of jet fuel (ATF) has been reduced before the festive season. Talking about the price of ATF in the capital Delhi, it is cheaper by Rs 6,854.25 per kiloliter and is available at Rs 1,11,344.92 per kiloliter. It is available at Rs 1,19,884.45 per kiloliter in Mumbai, Rs 1,04,121.89 per kiloliter in Kolkata and Rs 1,15,378.97 per kiloliter in Chennai.

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KVP Interest Rate: After the government’s decision, know in how many days the money will double

Pravesh Maurya — Tue, 03 Oct 2023 07:04:26 +0000

KVP Interest Rate: Kisan Vikas Patra is a small savings scheme with a fixed rate. Which has been designed to make investment easy to understand. In this, a certificate is issued to the investor and at the time of maturity, the investment amount gets doubled.

The government decides the interest rates of small savings schemes every quarter. Kisan Vikas Patra decision has arrived. There has been no change in interest rates for the October-December quarter. This clearly means that investors will get interest at the rate of 7.5 percent in the October-December quarter.

Let us tell you that this scheme Kisan Vikas Patra (KVP) is going to give guaranteed returns. In this a lump sum amount has to be deposited. The invested amount can be doubled in the stipulated time. In how much time will the amount double? The interest rate on Kisan Vikas Patra is 7.5 percent. The scheme will mature in 115 months. The amount invested in Kisan Vikas Patra doubles on maturity.

What is Kisan Vikas Patra-Kisan Vikas Patra is a small savings scheme with a fixed rate. Which has been designed to make investment easy to understand. In this, a certificate is issued to the investor and at the time of maturity, the investment amount gets doubled.

That is, the investor does not have to do much calculation of the investment and he gets to know after how much time his money will double. The aim of this scheme is to promote long-term investment without risk among the common people. And more and more people can save money for their future

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Post Office Scheme: Invest only for so many days, money will double! Know-

Pravesh Maurya — Thu, 21 Sep 2023 12:47:53 +0000

Post Office: In today’s time, whether a working person or a businessman, everyone is worried about their future. Everyone wants that he should not face any financial problems in old age, hence he starts saving on time.

But there are many people who are investing their small savings in various types of schemes. The government is also giving you good returns in these schemes. If you are also thinking of a similar scheme, then we have brought a scheme for you in which you will get good and double profits by investing.

Get 7.5% interest

Let us tell you that Kisan Vikas Patra Yojana (KVP) is being run by the Post Office which is a better scheme for every citizen of the country. In this scheme, any Indian citizen can open his account and can open it through single or joint account.

In the Post Office Kisan Vikas Patra Scheme, an account is opened with a minimum of Rs 1000 and in this scheme you get interest at the rate of 7.5% on the amount deposited. Earlier in this scheme you were given interest at the rate of 7% but from July 1, 2023 its rate has been increased to 7.5%.

Money will double in 115 months

Let us tell you that people are liking the Kisan Vikas Patra Yojana (KVP) of the Post Office so much that the number of investors in it is continuously increasing. In fact, just as the number of investors is increasing, the tenure for doubling the invested amount is also decreasing.

Earlier the amount invested in this scheme used to double in 123 months and then in 120 months, but now it doubles in 115 months only. You are given compound interest on the amount invested in the Kisan Vikas Patra Scheme run by the Post Office.

In this scheme you can open single or double account. If you open a single account in Kisan Vikas Patra Yojana and have invested Rs 5 lakh, then at the interest rate of 7.5%, this amount becomes Rs 20 lakh in 9 years 7 months i.e. 115 months. The interest rate available on this scheme is reviewed every 3 months.

It is very easy to open an account in KVP

In this, any Indian citizen can open his account but the account of children below 10 years of age is opened in the name of their parents or guardian. After the child turns 10 years old, he becomes its owner himself.

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Post Office Superhit scheme: You will get interest of Rs 2 lakh, know how much will have to be invested

Pravesh Maurya — Wed, 06 Sep 2023 05:29:34 +0000

Post Office SCSS: If we did not have to depend on someone else for money in old age, then life would have been better after retirement. For this it is necessary that hard earned money should be invested safely.

There is a tremendous scheme of Post Office. It provides safe and guaranteed return on investment. This scheme is Senior Citizen Saving Scheme. The most important thing about this scheme is that it is being run by the central government. In this, investors get tremendous returns on depositing money together, which is more than bank FD. Let us tell you that currently 8.2 percent interest is being given in this savings scheme, which also changes every quarter.

The scheme is very special for the elderly

Post Office SCSS is especially for those above 60 years of age. Along with this, this scheme is also for those people who have taken VRS. At present 8.2 percent interest is being given on this scheme. In this scheme, senior citizens can earn Rs 10,250 every quarter by depositing Rs 5 lakh in one go only from interest. In 5 years, only interest will earn up to Rs 2 lakh. Know the complete calculation here.

Post Office Senior Citizen Saving Scheme

Lump sum deposit: Rs 5 lakh

Deposit period: 5 years

Interest Rate: 8.2%

Maturity amount: Rs 7,05,000

Interest Income: Rs.2,05,000

Quarterly Income: Rs 10,250

Post Office SCSS has many benefits

This savings scheme is being run by the Government of India. It is considered one of the reliable and safe options for investment.

Under the Income Tax Act Section 80C, investors get the benefit of tax exemption up to Rs 1.5 lakh every year.

The account of this post office scheme can be transferred to any center in the country. Under the scheme, interest is paid every 3 months.

How to open an account for SCSS?

For this, a form has to be filled to open an account in any post office or government / private bank. A copy of 2 passport size photographs, identity proof and other KYC documents have to be submitted along with the form. The advantage of opening a bank account is that the interest earned on the deposit can be deposited directly into the bank account itself.

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NPS Balance Check: How much money has been deposited in your NPS account, know the account balance in these ways

Pravesh Maurya — Tue, 05 Sep 2023 12:28:46 +0000

Many people invest in the National Pension System to make themselves financially strong in their old age. This is the retirement scheme of the Central Government and PFRDA.

In which investors get the benefit of lump sum amount and monthly pension after retirement. If you have also invested in this scheme, then how much money has been deposited in your name (NPS Balance Check) can be known sitting at home.

There are three ways to check the balance of NPS accounts.

Via SMS

Account holders of National Pension System can also do balance check (NPS Balance Check) through SMS. For this you will need the registered mobile number. Give a miss call to 9212993399 from the registered mobile number linked to the NPS account. After this a message will come to you. In which all the information of your NPS account will be present.

Throughc

You can also find the amount deposited in NPS account by downloading the UMANG app in your mobile.
Download the Umang app on your phone.
Now login and select NPS.
– After this you will have to choose the option of current holding.
– Now enter your Permanent Retirement Account Number and Password.
After submitting, the account balance will appear in front of you.

NSDLthrough the portal of

First of all you have to go to the portal of NSDL.
As soon as you log in, enter your Permanent Retirement Account number and password.
After entering the captcha code, select the option of holding statement.
– Now click on the option of transaction statement.
– After this, the amount deposited in your account will appear on the screen.

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SSY Account Before Maturity Rules: Money can be withdrawn before maturity in Sukanya Samriddhi Yojana, know the method

Pravesh Maurya — Sun, 30 Jul 2023 11:54:55 +0000

Sukanya Samriddhi Yojana: The central government is continuously working for the future of the daughters of the country. Keeping the future of daughters at the center, the government is running many schemes.

Sukanya Samriddhi Yojana is one such scheme which has been made only by looking at the girl child. Daughters from all over the country are taking advantage of this. Through this scheme, the tension from the education of the daughter to marriage can end. People investing in it are being given interest at the rate of 8 per cent. This small savings scheme is a long term investment scheme. Who works to secure the future of your daughters.

Sukanya Samriddhi Yojana was launched in the year 2015. Under this scheme, the account of daughters below the age of 10 years is opened only in the name of their parents. With the help of Sukanya Samriddhi Yojana, you can arrange for your daughter from Rs 1.35 lakh to Rs 70 lakh.

The government gives very good interest on it and also gives tax exemption. In this you do not even have to pay money together. Even if you deposit only Rs 250 every year, the account will remain operational. By February 2023, more than 3 crore accounts have been opened under this scheme.

The maturity period of SSY scheme is 21 years. That is, the full amount can be withdrawn only after this period. If you want to send your daughter for higher education after 10th and you need money for this, then you can withdraw up to 50% of the amount after the daughter turns 18. For this, you will have to provide documents related to it. As a proof, the money for the education of the daughter can be taken in installments or together.

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Toll plaza New Rule: Government going to implement GNSS technology, Money will be deducted without stopping

Pravesh Maurya — Sun, 23 Jul 2023 06:25:56 +0000

New Delhi. During the journey, there are always long queues of vehicles at the toll plaza on the highway. Due to this jam, passengers have to wait for some time. Although, with the introduction of FASTag, the average time taken at the toll plaza has decreased, but in the coming time, the hassle of stopping at the toll will end, because the government is going to implement a special technology at the toll plaza soon. Due to this, situations like traffic jam will not be created at the toll plaza.

In the Rajya Sabha on Friday, Road Transport Minister Nitin Gadkari said that the average time taken at toll plazas in the country has come down. This waiting time was an average of 734 seconds, which has now come down to just 47 seconds. He also told that after the installation of FASTag on the National Highway, there has been an increase in the collection of toll plazas.

Gate-free toll plazas will be built with the help of GNSS

, according to ABP Live’s report, BJP MP from Indore Shankar Lalwani had asked the Union Transport Minister what the government was doing on the long traffic jams at toll plazas. Is there any new system being developed for this problem? On this, Union Road and Transport Minister Nitin Gadkari said that soon gate-free plazas based on Global Navigation Satellite System (GNSS) will be made in the country. Due to this people will not have to stay at the plaza for some time. The government has appointed a consultant to work on this plan.

Big relief from the implementation of FASTag

Union Minister Nitin Gadkari also told that after the introduction of FASTag, the average time spent at the toll plaza has decreased. A survey conducted by the National Highways Authority of India (NHAI) has revealed that before the implementation of FASTag, vehicles usually took 734 seconds, which has now come down to only 47 seconds.

In addition, the Ministry of Road Transport and Highways is working on a pilot project involving Automatic Number Plate Recognition System (Automatic Number Plate Reader Cameras) to enable automatic toll collection without stopping the vehicles.

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SBI Special FD: Investing in this FD scheme will double your money, see details

Pravesh Maurya — Sat, 22 Jul 2023 04:06:45 +0000

SBI Special FD Scheme: It is believed that public sector banks do not pay much interest on fixed deposits (FD) as compared to private sector banks or small finance banks.

But it is not so because even in government banks now good returns are being received on fixed deposits. The biggest example of this is the country’s largest public sector bank, State Bank of India (SBI). Which provides attractive benefits to senior citizens in a special investment scheme named ‘SBI WeCare Special FD’.

Your money can be doubled

By investing in this FD scheme, the money doubles directly. The bank launched this We Care FD especially for senior citizens during the Covid pandemic. So that along with keeping their funds safe, they can also get high returns with higher interest rates on it. Now the bank has extended the availability of this special FD scheme for senior citizens till 30 September 2023. Let us know the benefits of WeCare FD-

Chance to get 7.50 percent interest

According to the SBI website, senior citizens are eligible for an additional 0.50 per cent interest rate. In the WeCare FD scheme, 7.50 percent interest rate is available on Fixed Deposit (FD) with a tenure of 5 years to 10 years. You can book FD under this scheme through net banking, Yono app or by visiting the branch. On which interest is received after deducting TDS on monthly, quarterly, half yearly or annual basis. The interest rate on Regular Fixed Deposit ranges from 3.50% to 7.50% for tenures ranging from 7 days to 10 years.

Would be so beneficial

By investing in this FD scheme, your money doubles in 10 years. For example, if you invest 5 lakh rupees as FD for a period of 10 years, then in these 10 years the bank gives you an interest of about 5 lakh rupees at an interest rate of 6.5 percent. Due to which your money doubles.

SBI’s Amrit Kalash FD Scheme

Apart from this, SBI has also extended the tenure of ‘Amrit Kalash Special FD scheme’, which provides higher interest rates to both senior citizens and other customers as compared to FDs of different tenures.

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Good news for Taxpayers! Income tax return money started coming in bank account, check details immediately

Pravesh Maurya — Fri, 21 Jul 2023 14:02:55 +0000

Income Tax Return: People who have filed Income Tax Return (ITR) in the country, now the return money has started coming in their account. The process of sending tax returns has been expedited by the department and if you have not filed your ITR, then only 11 days are left to do this important work. The last date for filing income tax return is 31 July 2023, for which there is little possibility of being extended further.

The process of depositing income tax return in the account of taxpayers has been started by the Income Tax Department and those who have filed their ITR have started receiving money. Income Tax Department is continuously advising taxpayers by sending messages and through social media that ITR should be filed as soon as possible without waiting for the last date. There has been a sharp increase in the number of people filing income tax returns so far this year as compared to last year.

Till now, more than 3 crore ITR files have

been shared on the Twitter handle of the Income Tax Department through a tweet that till now more than 3 crore ITR files have been filed in the country. Compared to last year, the Income Tax Department has achieved this milestone 7 days earlier. It has been told in the tweet that this year for the assessment year 2023-24, more than 3 crore ITRs have been filed till July 18, 2023, while last year the same number of ITRs were filed till July 25.

Income Tax Department appeals to taxpayers

According to the figures of the Income Tax Department, till July 18, 2023, 3.06 crore taxpayers in the country had filed their ITRs. Out of these, 2.81 crore ITRs have been e-verified, which means the process of e-verification of 91 per cent ITRs has been completed. Taxpayers have been urged by the department that we expect this enthusiasm to continue and all those people who have not yet filed ITR should do this important work as soon as possible to avoid overcrowding in the last dates. Take it.

So much fine after 31st July

If the taxpayer is not able to file his ITR till 31st July, the deadline fixed by the Income Tax Department, then later he will have to do this work along with the fine. Under this, a fine of Rs 1,000 is imposed for taxpayers with annual income up to Rs 5 lakh, while a provision has been made to levy a late fee of Rs 5,000 for annual income of more than Rs 5 lakh. In a tweet by the Income Tax Department, taxpayers have been advised that those who have not filed ITR for the assessment year 2023-24, should do so as soon as possible to avoid last minute rush.

These documents are needed while filing ITR

PAN Card: PAN card is a necessary document not only for filling ITR but also for opening a bank account. Keep it with you while filling ITR.
Aadhaar Card: There are details like name, address and date of birth on Aadhaar. Its 12 digit unique ID number has to be entered.
Form 16A: Form 16A is necessary for sources of income other than your salary, it contains complete details of your income.
Form 26AS: Gives information about TDS deducted from your income and payments made. Can download from Income Tax website.
Salary Slip: Salary slip is also an important document. It contains details like income, travel allowance, which have to be filled.
Home Loan: If you have a home loan going on, then it is necessary to give complete information about it while filing income tax return.

You can file ITR like this sitting at home

Go to the e-filing portal (https://eportal.incometax.gov.in/) of the Income Tax Department.
After this, log-in with the help of your User ID and Password on the homepage.
On the dashboard, click on e-File > Income Tax Return > ‘File Income Tax Return’.
Then select the assessment year, such as 2023-24, and click on ‘Continue’.
Now choose the mode of ITR filing and select the online option.
Now choose your ITR form according to your tax income and TDS calculation.
After selecting the applicable ITR for you, keeping all the necessary documents close, click on the start option.
Now some questions will appear on the screen, whatever is applicable to you, mark its check box and click on continue.
As per the documents, enter the details of your income and deductions in different sections.
If there is a case of tax liability, a brief description of the tax-calculation based on the details provided by you will appear.
Taxability is created according to the calculation, then you can choose the option of ‘pay now’ and ‘pay later’.
If no tax liability is created, then after paying the tax, one has to click on ‘Preview Return’.
Then click on ‘Preview and submit return’ declaration checkbox and select ‘Proceed for validation’ option.
View the preview and on the ‘Submit Return’ page, proceed to verify. It is mandatory to verify and e-verify the return.
On the e-verify page, select the option using which you wish to e-verify and click on ‘Continue’.
Once you have e-verified the return, an intimation about the successful submission of the form appears on the screen.
Transaction ID and Acknowledgment Number are displayed on the screen, so that you can check the status of your ITR form in future.
Your mobile number and email ID which is registered on the e-filing portal, you will get the message of successfully filling the form.
Self-select new or old tax regime
While filing ITR, keep in mind that this time the new tax regime has been kept in default. If you want to file ITR under the old tax regime, then you will have to convert it yourself. There are very limited options to avail tax exemption in the new tax regime. However, income up to Rs 7 lakh has been effectively made tax free. At the same time, the tax exemption limit has not been increased in the old tax regime. But there you can claim tax exemption by investing in various government schemes and in other ways.

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Sahara investors’ money will be returned in 45 days, know which documents will be needed

Pravesh Maurya — Tue, 18 Jul 2023 11:02:49 +0000

Sahara Portal Link: The country’s Cooperative Minister Amit Shah launched the Sahara Refund Portal on Tuesday. Through this crores of investors will be able to get their money back. Sahara investors are getting this money back after a long legal battle. Let us know which documents are going to be required for the refund to the investors.

Which documents are required? (Sahara Refund Portal Link And Documents)

1- Membership Number
2- Deposit account number
3- Mobile number linked with Aadhaar (Mandatory)
4- Certificate of Deposit / Passbook
5- PAN Card – If the claim amount is more than Rs.50,000.

Sahara Refund Portal Step By Step process

Investors have to keep in mind that the mobile number registered with Aadhaar should be active. If you have changed the number linked to Aadhaar, then link the new number with Aadhaar. Also, your bank account should be linked with Aadhaar number. Cooperation Minister Amit Shah said that with the help of these documents, any investor will be able to get the refund back by uploading his receipt on the portal. Tell me, a form has been given on the portal, after downloading it, investors will have to upload it again on the portal with their signature giving complete information.

Money will be returned in 45 days

The Union Minister said that this money will be returned in 45 days after the investors apply. The Cooperative Minister said that in the first phase money is being returned to those people whose investment amount is Rs 10,000. Also, up to Rs 10,000 are being returned from the total investment amount of big investors. He told that after the return of Rs 5000 crore, we will take the help of the Supreme Court to return the money to the people.

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Post office great schemes: By investing Rs 133 daily, you will get Rs 3 lakh on maturity, know the benefits

Pravesh Maurya — Fri, 14 Jul 2023 08:03:43 +0000

Post Office: Post office schemes are the preferred option for the middle class of the country. Guaranteed returns are available in post office schemes. It is safest to invest in it.

Post office also offers schemes in which you can earn returns by investing every month. You can save some money from your every month budget and invest in this scheme. Post office is offering RD to the customers in which you have to deposit money every month. You get interest on that. You can also save Rs 100 every month in this.

Government recently increased interest

Recently, the central government has increased the interest rate on recurring deposits from 6.2 per cent to 6.5 per cent. The money received on Recurring Deposit does not change at the beginning of the investment. Interest is fixed in this. All you have to do is deposit money every month. Let us know how much money will be received by depositing in RD every month.

You will get this much money for depositing Rs 2,000 every month

If you invest Rs 2000 every month in a recurring deposit, you will get Rs 1,41,983 on maturity. If you invest 2000 rupees every month, then you will invest 24 thousand rupees annually at 66 rupees per day. Which will become Rs 1,20,000 in a period of 5 years. This will give you an interest of Rs 21,983. On maturity you will get a total of Rs 1,41,983.

You will get this much money for depositing Rs 4,000 every month

If you invest Rs 4000 every month in a recurring deposit, you will get Rs 2,83,968 on maturity. If you invest 4000 rupees every month, then you will invest 48 thousand rupees annually at the rate of 133 rupees daily. Which will become Rs 1,20,000 in a period of 5 years. This will give you an interest of Rs 43,968. You will get Rs 2,83,968 on maturity.

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Post Office Monthly Income Scheme 2023: You will get profit on profit every month! double your money in 5 years

Pravesh Maurya — Mon, 10 Jul 2023 11:05:20 +0000

Post Office Monthly Income Scheme Interest Rate 2023: You can avail double benefit on the interest you are getting on your savings account. You can earn more on this by opening a Recurring Deposit from the interest you get every month under the Monthly Income Scheme.

Another advantage of this scheme is that one you are getting guaranteed returns every month, a fixed income is coming, secondly your principal amount, which is the principal amount, will be safe in the government scheme. And when your investment matures in five years, then you will get back your entire principal as well.

But how to double money in POMIS?

You can avail double benefit on the interest you are getting on your savings account. You can earn more on this by opening a Recurring Deposit from the interest you get every month under the Monthly Income Scheme. 6.9% interest on one year RD is compounded every quarter, that is, you get interest on interest, that is, you get profit on profit. This means if you have invested Rs 4.5 lakh in the Post Office Monthly Scheme, then you will not only get interest under this scheme on maturity, you will also get the interest of Recurring Deposit investment, ie double benefit.

Post Office Monthly Income Scheme calculator

5 lakhs investment (principal) + [3,083 (interest accrued every month) x 60 months] = 6,84,980

(5,00,000 + 1,84,980 interest)

Recurring Deposit (at 6.9% interest) for 60 months (5 years)

3,083 per month for 60 months i.e. 3,083 x 60 = 1,84,980

1,84,980 + 36,204 (Earnings from interest) = 2,21, 184

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ITR: How many days after filing income tax refund will come, know the latest update

Pravesh Maurya — Fri, 07 Jul 2023 12:59:59 +0000

Filling of Income Tax Return has started on the earnings of the year 2022-23. Till now more than 2 crore taxpayers have filed their returns and are now waiting for refund. After filling ITR, it is necessary to validate it, only then your refund money is processed. Taxpayers often ask the question that if the return is filed and verified, then in how many days will the money be returned.

When we asked tax expert Balwant Jain for the correct information about the number of days the refund comes after filing and verification, he said that usually it takes 20 to 25 days for this work. However, the chairman of the Central Board of Direct Taxes (CBDT) claims that now the refund time has reduced considerably. We try to process the return within a few days of filing it. The intention of the government is to send the refund money within a day.

In how many days will the money be received this time –

CBDT Chairman Nitin Gupta says that with the use of technology, now the process of refund has become very simple. If we talk about the last financial year, the refunds of 80 percent taxpayers were issued within 30 days. Not only this, if we look at the average of ITR refund for 2022-23, it was 16 days.

That is, the refund was returned to every taxpayer within an average of 16 days. If you look at the figures, earlier in 2022-23, it used to take an average of 26 days for the refund to come back. The department had claimed to settle about 23 lakh returns in a single day on July 28, 2022. This year also the tax return money is expected to come back soon.

Sends the information in advance-

Income Tax Department gives all the information regarding the refund in advance. The department tells you in advance by sending a message or through email that how much is your tax liability or how much money you will get refund. Apart from this, if you want, you can also check the status of your refund by visiting the official website of the Income Tax Department. After verification, the first priority of the department is to refund the tax money. If you do not see its information in the inbox of the mail, then the mail can also be checked in the Spam folder.

What message does the department send-

After the income tax return of any taxpayer is filed, the department investigates it. After processing, it seems that the claim made by you for refund is correct, then you will get its information through SMS or e-mail. The department issues a notice under section 143 (1) of the Income Tax. It contains the complete details of how much tax has been made and how much you will have to pay. In this notice, the tax deducted on your earnings and the amount received on filing the return is mentioned.

How to get refund money –

You are already appealed to share your bank details on the Income Tax Department’s website. Before filling ITR, check whether your bank details are correct or not. The Income Tax Department puts the refund money in this bank account. For this, the Income Tax Department has prepared SBI. This means that your refund money is sent by SBI. In some cases, your refund money is also sent by post through check or bank draft.

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Big news on your pension, now you will get this much money every month

Pravesh Maurya — Fri, 07 Jul 2023 10:40:30 +0000

Pension News: Haryana government has announced pension for the people of the state. If your age is 45 to 60 years and you are not married yet, now you will get pension every month. Let’s check further how much money you will get every month.

A pension of Rs 2,750 has been announced by the government every month. It may be known that the state government already gives monthly pension to people above 60 years of age.

Chief Minister Manohar Lal Khattar said that unmarried men and women whose age is 45-60 years and whose annual income is less than Rs 1.80 lakh will get a pension of Rs 2,750.

This step will put an additional burden of Rs 240 crore annually on the state exchequer. Khattar has said that there are about 65,000 unmarried and 5,687 widows in this age group and income range. He said that the monthly income would help these people to meet their personal needs.

The Chief Minister said that those whose income is very less, they will get some help to lead a better life. He further said that after attaining the age of 60 years, these beneficiaries will get old age pension.

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LPG Price Increased: Commercial LPG cylinder price increased by Rs 7, now you have to pay so much money

Pravesh Maurya — Tue, 04 Jul 2023 03:56:16 +0000

Oil marketing companies have increased the price of 19 kg commercial LPG cylinder by Rs 7. According to ANI, its retail price in Delhi has increased from Rs 1773 to Rs 1780. At the same time, there has been no change in the prices of domestic LPG.

Significantly, after three consecutive price cuts, the price of commercial LPG has been increased. Its prices were reduced in April, May and June. However, there was a sharp jump in the price of commercial LPG in March.

How many times this year the price changed

On June 1, 2023, the oil marketing companies had cut the prices of commercial LPG by Rs.83. After this, its price in Delhi had gone up to Rs.1773. In May, the price of commercial LPG was cut by Rs 171.50. After this, the 19 kg cylinder in Delhi had become Rs 1856.50. In April too, the price of LPG was cut by Rs 92. At the same time, in March, the price of commercial LPG was increased by about Rs 350.

Oil marketing companies have increased the prices of commercial LPG gas cylinders by Rs 7/cylinder. Delhi retail sales price of 19kg commercial LPG cylinder increased from Rs 1,773 to Rs 1,780 per cylinder. No change in the prices of domestic LPG cylinders.

— ANI (@ANI) July 4, 2023

No change in domestic LPG

There has been no change in the prices of 14.2 kg cylinders for domestic use. The last change in its price was on 1 March 2023. Then it was made cheaper by Rs.50. Domestic LPG price in Delhi is Rs.1103. At the same time, it is available at Rs 1129 in Kolkata, Rs 1118.50 in Chennai and Rs 1112.50 per cylinder in Mumbai.

Tomato is also shedding tears

The increase in the prices of commercial LPG has come at a time when tomato has already spoiled the budget of people’s kitchen. The price of tomato has reached Rs 100 per kg. There are reports of it going above Rs 100 in many places. In such a situation, this double whammy of inflation will further loosen the pockets of the common people.

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Great Post office Scheme! Invest your money in this government scheme, money will double in a few months

Pravesh Maurya — Mon, 03 Jul 2023 08:05:32 +0000

Kisan Vikas Patra Yojana: A large population in the country looks for good schemes for investment. In such a situation, if you are also looking for a good scheme, where you can get great returns.

In this episode, today we are going to tell you about a wonderful scheme. The name of this scheme of post office is Kisan Vikas Patra Yojana. If you want to invest in a safe investment plan. In such a situation, you can invest in the Kisan Vikas Patra scheme of the post office. Kisan Vikas Patra Yojana is a scheme run by the Government of India, in which you have to invest your money in lump sum.

After investing, your money doubles after a fixed period. This scheme has been started especially for the farmers. For this reason, this scheme was named as Kisan Vikas Patra Yojana. Let us know in detail about this scheme –

You can invest a minimum of 1 thousand rupees in Kisan Vikas Patra Yojana. At the same time, the limit of maximum investment amount has not been decided yet. At present, an interest rate of 7.5 percent is being received for investing in the Kisan Vikas Patra Yojana.

If you invest in this scheme. In this case, your money will double in 115 months i.e. 9 years and 7 months. If you invest a lump sum of Rs 5 lakh in the Kisan Vikas Patra scheme of the government.

In this case your money will become Rs 10 lakh after 115 months. The most important thing about Kisan Vikas Patra Yojana is that by investing in it, you get the benefit of compound interest.

You can also invest in this scheme in multiples of Rs. You can easily open your account in this scheme by visiting the post office.

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Best Mutual Funds: Choose the best mutual fund like this, you will get good returns and money will be safe

Pravesh Maurya — Tue, 27 Jun 2023 09:29:10 +0000

How to choose Mutual Funds: Mutual funds are gradually becoming popular in India. Especially after the Corona epidemic, along with the investors of the stock market, the number of their customers has also increased rapidly.

Everyone has their own way of investing and saving. Where people invest, it mainly depends on how much risk they can take. Those who stay away from risk, they adopt the method of small savings schemes or bank FDs, while those who are not afraid of taking risks, turn to the stock market in search of good returns. In the last few years, the number of people investing money in the stock market in India has increased rapidly. Along with this, the demand for mutual funds has also increased.

These funds can be of great use

You too must have invested in mutual funds or seen friends doing so. Mutual funds not only provide inflation-beating returns, but also prove to be very helpful in meeting your financial goals in the long term. However, along with this, investing in mutual funds also has its own risk. In such a situation, the question arises that how to choose the right mutual fund, so that not only get good returns but also the investment is safe. Today we are going to tell you this.

Old performance doesn’t guarantee

The main thing that people pay attention to while choosing a mutual fund is the returns. It is not wrong either, but investing money just looking at the returns can be heavy. If a mutual fund has given good returns in the past, then it is not a guarantee that it will give good returns in future as well. Market experts often advise investors to avoid this mistake.

Avoid being influenced by anyone

The second biggest mistake investors make is getting carried away by the name. In today’s time, from Facebook to Instagram and YouTube, there are many such financial influencers, who are also called fininfluencers. Usually such people promote a particular mutual fund scheme due to vested interests. For this, he also uses influential figures. If you are also going to invest money in mutual funds, then it is important to avoid this mistake as well. Do not get influenced by any influencer or the names mentioned by him.

check it out

It has become a matter of ‘what not to do’. Now let us tell you what exactly you have to do… The reason for the success of any mutual fund scheme is not the fund house or fund manager, but the secret of its excellent returns is hidden in its method. Before investing money in any mutual fund scheme, you should see what is its process. How the funds of the concerned scheme are to be used. After examining this thing thoroughly, it will be clear in front of you whether the related mutual fund scheme is useful for you or not.

For example, Nippon India Mutual Fund has put in place such robust systems and processes. Fund managers are required to work within this framework. Processes help fund managers know what to do in uncertain times. Though he cannot control the market movements, the processes help him to know where to invest, when to invest and when to exit.

Nippon’s process includes guidelines for fund managers to know what kind of risk they can take, how much risk is allowed and what risk should never be taken. This process also ensures avoidance of personal bias and concentration risks. Analysts believe that fund houses with robust processes potentially give higher returns to investors.

Disclaimer: The information provided here is for information only. It is important to mention here that investing in the market is subject to market risks. Always take expert advice before investing money as an investor. It is never advised here to invest money on behalf of rightsofemployees.com .

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Money Transfer Wrong account: Money has been sent to the wrong account, then do this work, SBI advises customers through tweet

Pravesh Maurya — Sat, 24 Jun 2023 10:06:02 +0000

Money Transfer Wrong account: Nowadays, the trend of transferring money and transactions online has increased very fast. However, where this has increased the facilities of the people a lot, it is also seen many times that people mistakenly transfer their money to another account.

However, after transferring money to the wrong account, the biggest question in our mind is whether our money can be returned or not? Now the State Bank of India (SBI) has advised the customers in this matter.

SBI customer had to face the problem

Recently a customer of State Bank of India (SBI) faced a similar problem. After which he complained about this on the official Twitter handle of SBI. Tagging SBI, the customer wrote that TheOfficialSBI I have mistakenly sent my money to a wrong account number. I have given all the details to my branch as told by the helpline. Still my branch is not giving any information regarding reversal.

What did SBI say

In response to this tweet, SBI said that in cases where a customer has sent money to a wrong account, the home branch will initiate the follow up process with other banks without any penalty. Please note that if the wrong beneficiary account number is mentioned by the customer, the home branch of the customer will initiate the follow up process with other banks without any financial liability. In case you are facing any issue in this regard at the branch, please lodge a complaint under https://crcf.sbi.co.in/ccf. And tell the details of your problem in the given comment box. The concerned team will look into it.

What advice did SBI give

While advising its customers, SBI said that we request the customers to check all the information entered correctly before doing digital transactions. If any mistake is made by the customer, the bank will not be responsible for it. It is important to double check the beneficiary account number and IFSC code before making any payment. This can help in avoiding any kind of mistake.

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Old Pension Scheme: New update on pension of employees, will get this much money every month

Pravesh Maurya — Thu, 22 Jun 2023 11:05:15 +0000

Minimum Pension: It is believed that this step has been taken by the government keeping in mind the assembly elections to be held in the states in the next one year and the 2024 Lok Sabha elections. Let us know about it in detail.

If you are a central employee or there is a central government employee in your family, then this news will make you happy. Yes, after protesting against NPS, the government has now prepared a new formula for the pension of the employees. Reuters report claimed that the central government will soon assure the employees of minimum pension of 40%-45% of the last drawn salary by changing the existing market-linked pension scheme.

Update came after the formation of the committee

This update has come after the formation of a committee on pension by the government. No official information has been given by the government regarding this. It is believed that the government has taken this step keeping in mind the assembly elections to be held in the states in the next one year and the 2024 Lok Sabha elections.

Now employees contribute 10%

Last days, on the protest of the employees and the demand for old pension, the government said to consider the pension system implemented in 2004. Along with this, a committee was constituted to give a report on the National Pension Scheme (NPS). In the current National Pension Scheme (NPS), employees need to contribute 10% of the basic salary and 14% to the government.

50% Guaranteed Pension under OPS

The pension of the employees covered under NPS depends on the returns from the market. Whereas, under the old pension scheme (OPS), 50% of the last pay is given as guaranteed pension. In the report of Reuters, it was claimed that now the government is preparing to change the current pension scheme.

Expected to get 40% to 45% amount

The report claimed that after the implementation of the new rule, the employees would be able to get 40% to 45% of their last salary as pension. Talking to Reuters, an official of the Finance Ministry said that the government’s plan is not to restore the old pension scheme (OPS) in any way.

Finance Ministry officials said that the new system to be built on pension will remove the concerns of those states who returned to the old pension system. Let us tell you that in the past, Rajasthan, Jharkhand, Chhattisgarh, Himachal Pradesh and Punjab governments have announced to restore the old pension system.

An official told that the employees currently get about 38% of the previous salary as pension. Another official told that if the government guarantees 40% return, then it will have to meet the shortfall of just 2%. However, if there is a decline in the pension corpus, the expenditure will increase.

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Income Tax Return Filing: How to file ITR sitting at home, know step-by-step process; no money will be spent

Pravesh Maurya — Wed, 21 Jun 2023 06:28:32 +0000

How to File ITR: The deadline for filing Income Tax Return (ITR) has been fixed by the CBDT on July 31. If you are thinking that CBDT can make any changes in this, then you are wrong. In fact, due to the Covid epidemic last year, the last date for filing ITR was extended several times. If you are employed then it is expected that you must have got Form-16. Even if you haven’t got it, you will get it soon.

File ITR on time

Experts are advising personal tax payers to file their ITR as soon as possible to avoid any kind of haste or disturbance at the last moment. With this you will be saved from any kind of mistakes. Let us know how to file step-by-step ITR by yourself-

How to file ITR?

You have the option of filing ITR through e-filing portal and app or through a chartered accountant. If you are filing ITR by yourself then most of you have to file it online on the website of Income Tax Department.

Documents required for ITR

even if there is a pre-filled ITR form on the e-filing portal. But some income like capital gain needs to be filed manually. Following are some of the important documents that you should keep handy while filing ITR. As-

– Form 16
– Form 16A
– Form 26AS
– Capital Gains Statements
– Tax saving investment proof

Step-by-step file ITR like this

First of all go to Income Tax e-filing portal.
Now login using your user ID (PAN), password and captcha code.
After this, click on ‘Income Tax Return’ in the ‘e-File’ tab.
Select the right Income Tax Return (ITR) form based on your income and other factors. If you have Form-16, you can use either ITR-1 or ITR-2.
After this, select the Assessment Year (AY) based on the year you are filing ITR. At present, you should select the assessment year 2023-24.
Validate all the data entered in the form and click on submit.
After submitting the return, e-verify it through any of the available options like Aadhaar OTP etc.
Now upload the e-verify return.

In the last step, double-check all the information given by you and upload the form. Your ITR is not complete until you verify the return. Let us tell you that this time the last date for filing ITR on behalf of CBDT has been fixed as 31 July 2023. In such a situation, complete your work on time this time.

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Post Office’s Dhansu scheme, money will be doubled before time, depositing 10 lakhs, you will get 20 lakhs

Pravesh Maurya — Tue, 20 Jun 2023 12:29:18 +0000

Post Office Kisan Vikas Patra Although there are many options available for investment in India, but there is no guarantee that your money will be safe everywhere.

This is the reason why the common man of the country always chooses such an option where along with the security of his investment, better returns are also guaranteed. In such a situation, fixed deposit schemes of banks and savings schemes of post offices are the first choice of common people. Today, the post office is giving tough competition to the top banks of the country in terms of giving hefty returns to the customers. Meanwhile, the post office has issued the Kisan Vikas Patra (KVPThe rate of interest offered under the scheme has also been increased.

Your money will be doubled before 5 months

The post office has increased the interest rate on Kisan Vikas Patra Saving Schemes from 7.2 per cent to 7.5 per cent. The new interest rates have also been implemented from April 1. Under the Kisan Vikas Patra scheme, investors’ money doubles after a fixed time.

When the post office used to pay 7.2 per cent interest on this scheme, it used to take 120 months to double the investors’ money. But now when the interest rate available on the scheme has increased from 7.2 per cent to 7.5 per cent, then instead of 120, your money will double in 5 months less i.e. 115 months (9 years and 7 months).

KVP account can be opened with as little as Rs 1000

Let us tell you that under the Kisan Vikas Patra Saving Scheme, you can open an account with a minimum of Rs 1000. There is no limit on the maximum deposit in this scheme. This post office scheme can be opened with both single and joint accounts. There is an option of joining a maximum of 3 adults in a joint account. If you want to close your account under the Kisan Vikas Patra Scheme, then it can be closed after 2 years and 6 months from the date of opening the account.

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Highest FD interest rate: SBI, HDFC, ICICI , Yes Bank, Canara Bank are offering higher interest rates on FDs, invest money today

Pravesh Maurya — Fri, 16 Jun 2023 18:29:15 +0000

State Bank of India (SBI) has once again brought its special deposit scheme ‘Amrit Kalash Yojana’. This is a savings scheme with a tenure of 400 days (a little over 13 months). In this scheme, ordinary citizens are getting 7.10 percent interest annually. This scheme is till 30 June 2023. Like SBI, many other banks are also offering good interest rates on FD to their customers. Banks offer FDs ranging from 7 days to 10 years to customers. Let us know that HDFC Bank, ICICI Bank, Yes Bank, Canara Bank and SBI are offering interest rates on FDs to the customers.

State Bank Of India

SBI is offering 6.80% interest rate on FDs from 1 year to 2 years. Whereas, the FD rate under AMRIT KALASH is being offered at 7.10% for a period of 400 days.

HDFC bank

HDFC Bank is offering 6.60% interest rate on FDs of 1 year to less than 15 months. At the same time, it is offering 7.10% interest rate for FDs of less than 15 months to 18 months. The bank is offering the highest rate of 7.25% on FDs from 4 years 7 months to 55 months. This is a Limited Edition Bank FD.

ICICI Bank

ICICI Bank (ICICI Bank) is offering 6.70% interest rate for FDs of less than 1 year to 15 months for general citizens. The bank is offering the highest interest rate of 7.10% for FDs with tenures ranging from 15 months to less than 2 years. These rates are applicable from February 24, 2023.

Canara Bank

Canara Bank is offering the highest interest rate of 7.25% on FDs with a tenure of 444 days for general citizens. These rates are applicable from April 5, 2023.

Yes bank

Yes Bank is offering 7.50% interest rate on FDs of 1 year to less than 18 months. These rates are effective from May 2, 2023.

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Pm Kisan e-kyc Deadline: Today is the last chance for E-KYC of PM Kisan account, necessary to get Rs 2000

Pravesh Maurya — Thu, 15 Jun 2023 07:28:25 +0000

Pm Kisan EKYC Deadline: The government releases the amount to PM Kisan beneficiaries in three different installments throughout the year. Now the farmers are waiting to get the money for the 14th installment, which can be released this month itself.

The 14th installment money is going to be released soon to the beneficiaries of PM Kisan Samman Nidhi Yojana. But, it has been made clear that this amount will come into the accounts of only those farmers, who have updated their KYC details and verified the account details.

Pradhan Mantri Kisan Samman Nidhi (PM KISAN) is a Central Government scheme which is being run by all the landholding farmer families of the country to meet their financial needs. Under PM Kisan Yojana, the government deposits Rs 2000 in the bank accounts of eligible farmers. The last i.e. 13th installment was released on 26 February 2023 and now the farmers are waiting for the 14th installment to be released.

Government PM Kisan beneficiaries get the amount in three different installments throughout the year under this scheme. Usually the first installment is given between April and July, the second installment between August and November and the third installment between December and March. This amount is directly transferred to the farmers’ account.

When will the PM Kisan 14th installment come?

The government is likely to release the 14th installment of PM Kisan in the last week of June.

Today is the last date for PM Kisan eKYC, according to the PM Kisan website, eKYC of the account is mandatory for the beneficiary farmers of PM Kisan Yojana. The last date for eKYC for the 14th installment is June 15, 2023. OTP based eKYC facility is available on PM Kisan Portal. Beneficiary can approach nearest CSC centers for biometric based eKYC.

How to update e-KYC online

Beneficiaries of the scheme first go to the official website of PM-Kisan
Then click on the eKYC option available on the right side of the page
Now enter your aadhaar card number and captcha code and click on search
After this enter the mobile number linked to Aadhaar card
Click on OTP Receive and enter the OTP in the specified column.
After this eKYC will be successful.

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Employees Salary Payment: Big news for employees-pensioners! Salary-pension will be paid in 2 days, so much money will come in the account

Pravesh Maurya — Wed, 14 Jun 2023 15:28:56 +0000

Employees Salary Payment: Employees will soon get a big gift by the state government. In fact, their salary and pension will be paid within a day or two. Funds have been allocated for this. Soon the salary and pension of the employees and pensioners will be sent to the bank account.

Rs 67.50 crore allocated for salary and pension

An amount of Rs 67.50 crore has been allocated by the Himachal Pradesh government to the State Road Transport Corporation for salary and pension. Within a day or two, the salary and pension of the employees will be sent to their bank account. The employees of the corporation were supposed to get salary on 10th of last month but the amount of salary and pension has not been paid yet.

The staff officers of the Transport Corporation are eagerly waiting for the salary. The funds have been released by the Finance Department in the afternoon. The date has not been fixed for the employees and pensioners of the Transport Corporation since 6 months. The same date should be fixed for salary and pension. Before the salary reaches the bank account of the same employees, the salary bill will have to be passed from the treasury. Tokens will be given for this.

May’s salary will be received by June 15

Salary pension related formalities will be completed after the bill is passed from the Transport Director. It is natural to take a day or two. The same will get the salary of May till 15th June. The salaries of the last month of May will be made available to the employees of the Transport Corporation by June 15. The same pensioners will be paid pension till 30th. Rs 45.50 crore will have to be paid for the salary of the employees while Rs 22 crore will be given for the pension of the pensioners.

There are 7200 pensioners including 8000 employees in the Transport Corporation. The State President of HRTC Driver’s Union Mr. Man Singh Thakur says that salary should be paid from the scheduled date. The corporation management will discuss the date with the state government and on the same date the salary will be paid into the bank account of the employees.

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Post Office’s Dhansu scheme, money will be doubled before time, depositing 10 lakhs, you will get 20 lakhs

Pravesh Maurya — Thu, 08 Jun 2023 06:29:26 +0000

Post Office Kisan Vikas Patra Although there are many options available for investment in India, but there is no guarantee that your money will be safe everywhere.

This is the reason why the common man of the country always chooses such an option where along with the security of his investment, better returns are also guaranteed. In such a situation, fixed deposit schemes of banks and savings schemes of post offices are the first choice of common people. Today, the post office is giving tough competition to the top banks of the country in terms of giving hefty returns to the customers. Meanwhile, the post office has issued the Kisan Vikas Patra (KVP) The rate of interest offered under the scheme has also been increased.

Your money will be doubled before 5 months

KVP account can be opened with as little as Rs 1000

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Post Office Scheme: Invest in this strong post office scheme, money will double soon!

Pravesh Maurya — Mon, 29 May 2023 05:03:34 +0000

Kisan Vikas Patra: In today’s time, many investment options have come in the market, but there is still a large population of the country, who prefer to invest in bank, post office or LIC scheme.

Today we are telling you about such a scheme of post office, by investing in which you can double your money soon. The name of this scheme is Kisan Vikas Patra. On April 1, 2023, the interest rate available under this scheme was increased from 7.2 percent to 7.4 percent by the central government. After the increase in the interest rate, now the amount deposited under this scheme will double soon. We are telling you about the details of this scheme.

Know about Kisan Vikas Patra-

Kisan Vikas Patra Scheme is a lump sum deposit scheme run by the central government. In this scheme, the investor can get double the amount in a fixed period by investing the amount at one go. Under this scheme, you can open an account by going to any post office. This scheme has been specially designed for the rural population. In this, you can invest a minimum of Rs 1,000 and a maximum of any lump sum amount.

Money will double in this time

After the government’s decision to increase the interest rate of the Kisan Vikas Patra scheme in April 2023, the period for doubling the deposits under this scheme has now reduced. Where earlier it used to take 120 months to double, now under Kisan Vikas Patra the money will double in just 115 months. If you invest Rs 10 lakh in the scheme, then after 115 months you will get an amount of Rs 20 lakh on maturity. Under this scheme, the government gives the benefit of compounding interest rate.

Who can open the account?

If you open an account in any post office under Kisan Vikas Patra, you can invest a minimum of Rs.1000. And the maximum amount can be invested in multiples of Rs 100. Under this scheme, two or three people together in single or joint can open an account. Under this scheme, the account of children above 10 years of age can be opened under KVP.

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Post Office’s Dhansu scheme, money will be doubled before time, depositing 10 lakhs, you will get 20 lakhs

Pravesh Maurya — Wed, 17 May 2023 08:07:20 +0000

Post Office Kisan Vikas Patra Although there are many options available for investment in India, but there is no guarantee that your money will be safe everywhere.

This is the reason why the common man of the country always chooses such an option where along with the security of his investment, better returns are also guaranteed. In such a situation, fixed deposit schemes of banks and savings schemes of post offices are the first choice of common people. Today, the post office is giving tough competition to the top banks of the country in terms of giving hefty returns to the customers. Meanwhile, the post office has issued the Kisan Vikas Patra – KVP The rate of interest offered under the scheme has also been increased.

Your money will be doubled before 5 months

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KVP account can be opened with as little as Rs 1000

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Go First Flight Refund: New Update! Go first to give cancel flights refund know how to file refund application process

Pravesh Maurya — Wed, 17 May 2023 04:28:59 +0000

Go First Flight Refund: If you have booked Go First airline tickets in the past or for any day to come, then there is good news for you.

In fact, the Go First airline, which is facing financial crisis, has completely canceled passenger flights from May 3, 2023 to May 23, 2023. Passengers are facing problems due to flight cancellation and their money is stuck with the airline. People are continuously writing about their refund on social media.

took steps to refund the money

Now a step has been taken by Go First to refund the money of the people. Aviation company has launched a new website for refund claims. However, passengers will get this refund only after making the payment to the travel agent and other website. GoFirst to process refunds for canceled flight ticketsgofirstclaims.in/claimsWebsite has been launched. At present, till May 10, all the defaulters can give their information through this website.

Read the claim guide carefully

Go First informed that the claim management portal is for CIRP of Go Airlines (India) Limited. Passengers who want to process their claim should read the claim guide carefully before making a refund claim through this website. In case of any technical issue on the portal, you can inform through e-mail at portal.technicalissues@gmail.com . Apart from this, for any kind of more information regarding CIRP, you can mail on gofirstcirp@gmail.com .

What things will be needed in refund claim

If you are claiming to get refund of canceled flight ticket of Go First, then you must keep some things in mind to start the claim process. For claim refund, you will need things like mobile number, mail id, PDF of ticket, account passbook etc. For this, it is important that you save the PDF of all these documents with you in advance. Check your application process by uploading these things in the claim process.

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PPF Scheme: PPF scheme is of no use to these people, money may get stuck!

Pravesh Maurya — Tue, 16 May 2023 08:34:47 +0000

PPF Login: Many schemes are being run by the government for the benefit of the people so that people can make better savings and get better returns. Through these schemes, the government tries to give better returns to the people.

At the same time, these schemes have been designed according to different classes. A PPF scheme is also included in these. Investors get many benefits through Public Provident Fund. However, before investing in it, they should also take care of some things.

PPF scheme

Actually, some people want that they should benefit quickly from their investment and get returns quickly. Also, people do not want any lock-in period on their investment and they demand that they can use their investment whenever they want. However, this is not the case in the PPF scheme. Money is invested in the PPF scheme for the long term.

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The scheme is not useful for these people,

if any money is invested in the PPF scheme, it will be locked for 15 years. Actually, the maturity time in PPF scheme is 15 years and the interest received in the PPF account will be available with the full amount after 15 years. In such a situation, those who are looking for a short-term investment option, then this scheme is not for those people.

Investment

In such a situation, this scheme will not work for those people who do not want to keep their money for a long time. At the same time, a maximum investment of Rs 1.5 lakh can be made in this scheme in a financial year. In such a situation, if someone wants to invest more than Rs 1.5 lakh in a financial year, then it will not be possible in this scheme.

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UPI Money Tranfer: Sent money to wrong UPI using PhonePe, GPay, Paytm? Here’s How You Can Retrieve it

Pravesh Maurya — Tue, 16 May 2023 04:28:30 +0000

Online Payment: The number of making digital payments has increased in the last few years. Digital payments are continuously increasing.

Online payments have become a convenient option to send money instead of standing in long queues at bank branches or ATMs while digital payments through Unified Payments Interface (UPI) are convenient and easy, though at times prone to errors Because wrong UPI ID or account number can lead to wrong transaction.

There are two common problems many people often face while making transfers online through UPI Payments – wrong amount transfer or transfer amount to the wrong person. However, in such cases one need not panic as the money can be easily obtained.

In case of wrong online payment, all you have to do is call the customer care of payment platforms like GPay, PhonePe, Paytm UPI. Register a complaint by sharing transaction details. In addition to this, you will also have to file a complaint with your bank.

Make a complaint

RBI guidelines state that in case of erroneous payment, the money can be refunded within 48 hours of the complaint. It is important to note that the complaint should be lodged within 3 days of the transaction. Similarly, whenever a payment is made to a wrong bank account through UPI or net banking, the first step is to call the number provided by the government or RBI and lodge a complaint.

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Give all the information, after that go to the concerned bank and fill a form, which has all the information. If the bank refuses to help, complain to the Ombudsman of the Reserve Bank of Indiabankingombudsman.rbi.org.in Do it.

Remember not to delete the transaction message from the phone as it contains the PPBL number which is required at the time of complaint. Do not forget to mention this number in the complaint form along with all other details and your complaint.

Be careful

In addition, you can also file a complaint about erroneous transactions through the website of the National Payments Corporation of India (NPCI), the body created by the Reserve Bank of India that provides UPI services. Always remember to be careful while entering the recipient’s UPI ID, their phone number, the amount being transferred and the UPI PIN of your account.

If any of these go wrong, you could end up sending the wrong amount to the recipient or the right amount to the wrong person and unnecessarily lose money. It is common to make a mistake while making a hasty payment, so avoid it at all costs.

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Good news for Pensioners: New Update! 7.62 lakh beneficiaries will be benefited

Pravesh Maurya — Wed, 10 May 2023 13:29:08 +0000

There is news of relief for the pensioners. If you are also a pensioner, then many new schemes have been implemented from time to time by the Central and State Government, so that the general public can get relief.

Now the state government has made a new announcement for the pensioners, after which they will get the money on the first of the month itself. Information about this has been given by the Uttarakhand government. Now the people of the state will not have to wait long for pension.

7.62 lakh beneficiaries will be benefited

The state government has said that now you neither need to stand in long queues nor need to wait for pension. To overcome this problem, a special scheme has been started by the state government. The government has taken a big step in this direction. This will directly benefit 7.62 lakh beneficiaries.

Money will come directly into the account

It has been decided to pay pension on the first date of every month to the beneficiaries of various pension schemes of the Social Welfare Department. At present, the number of such pensioners is 7.62 lakh, in whose bank accounts pension amount will be sent through DBT on one date of every month. Additional Chief Secretary Anand Bardhan said that the period till May 15 has been fixed for paying the pension for April. This is the problem: –

Pension is not available for 6-6 months

Delay in payment of pension to the beneficiaries is high. Sometimes they do not get pension for six months. In such a situation, they are forced to go round the offices of the department. Recently this topic came before the Chief Minister Pushkar Singh Dhami.

State Chief Minister gave information

In this regard, the Chief Minister discussed with Additional Chief Secretary Anand Bardhan, Director General Information Banshidhar Tiwari and officials of the Social Welfare Department. Instructed to fix a date every month for payment in social welfare pension schemes. Taking quick action, the government also fixed the date.

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Mutual fund new rules: SEBI is bringing new rules for your mutual fund scheme, money will increase rapidly

Pravesh Maurya — Sat, 06 May 2023 08:02:13 +0000

The Securities and Exchange Board of India (SEBI) is now preparing to introduce performance charges for fund managers under mutual fund schemes. That is, fund managers will be able to charge investors based on the performance of the fund.

According to the information received by CNBC TV18, a decision can be taken soon. At present, some percentage is charged as fee on the basis of different types of schemes size and assets under management (AUM).

How to be charged

With many actively managed mutual funds failing to beat their benchmark indices, SEBI is preparing to propose a new category of mutual fund schemes with performance-linked fees. FYERS Head of Research Gopal Kavalireddy said that the proposal is similar to the charge structure of Portfolio Management Services (PMS), under which mutual funds will be able to charge advance fees. PMS is a professional financial service where the equity portfolio is managed by skilled portfolio managers and stock market professionals with the help of a research team.

what will be its impact

Kavalireddy believes that this regulation has been prepared keeping in mind the investors, which can prove to be effective in providing higher returns. He said that for some time SEBI has been making changes in the investment rules to benefit the investors. This new proposal seems correct in view of the present circumstances. Because some mutual fund schemes have performed poorly over a long period of time while some have given better returns as compared to top PMS schemes. Sourav Basu, head of wealth management at Tata Capital, said the initiative would encourage fund managers to generate better returns for investors.

However, in the meantime Basu also talked about its negative point. Told that fund managers may take undue risk to earn higher returns and earn higher fees, which may later affect investors. Vinayak Magotra, founding member, Product at Centricity, said investors may find it difficult to understand such a fee structure. This may increase confusion, due to which the participation of investors may decrease.

Basu said it is important to carefully consider the potential risks and benefits before deciding to invest in funds that charge such fees. He further said that it is also necessary to carefully evaluate the track record and investment strategy of the fund manager.

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Pensioner New Update! Government changed this rule, now more of your money will be deducted!

Pravesh Maurya — Thu, 04 May 2023 03:47:46 +0000

Pension News Update: There is good news for millions of pensioners of the country. If you too had not applied for getting higher pension till May 3, then now you do not have to worry at all.

You are being given another chance to get higher pension from the Central Government. Yes… You can apply for higher pension now till 26th June. Along with this, the Labor Ministry has said that the employer’s contribution will be 9.49 per cent for the members who sign up for higher pension and are found eligible for it.

Earlier the contribution used to be 8.33 per cent.

A decision has been taken by the Central Government to increase the employer’s contribution. Let us tell you that earlier this contribution used to be 8.33 per cent, but now it has been decided to increase it to 9.49 per cent. As per the amendment, employees will be required to make an additional contribution of 1.16 per cent on salary above Rs 15,000 per month.

Taking into account the decision of the Supreme Court

According to a notification issued by the government, the ministry has said that this has been done in compliance with the SC’s decision of November 4, 2022. The ministry also said that the existing Employees’ Provident Fund and Miscellaneous Provisions Act, 1952 has now been subsumed under the Social Security Code, 2020 and the government has decided to implement the provisions of the Code with regard to the SC verdict.

Order was issued on 4 November 2022

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 four-month period is ending on March 3, 2023. Due to this, an impression was created that its last deadline is May 3, 2023 and now the government has extended this date also till June 26, so that all people can take advantage of it.

The last change was in the year 2014

EPFO had released the details of its process. 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 EPS, which has now been increased once again. EPFO has issued a circular in this regard to its field offices.

Post Office’s Dhansu scheme, money will be doubled before time, depositing 10 lakhs, you will get 20 lakhs

Pravesh Maurya — Tue, 02 May 2023 08:02:52 +0000

Post Office Kisan Vikas Patra Although there are many options available for investment in India, but there is no guarantee that your money will be safe everywhere.

This is the reason why the common man of the country always chooses such an option where along with the security of his investment, better returns are also guaranteed. In such a situation, fixed deposit schemes of banks and savings schemes of post offices are the first choice of common people. Today, the post office is giving tough competition to the top banks of the country in terms of giving hefty returns to the customers. Meanwhile, the post office has issued the Kisan Vikas Patra KVP The rate of interest offered under the scheme has also been increased.

Your money will be doubled before 5 months

KVP account can be opened with as little as Rs 1000

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SEBI’s New Order: Now brokers will not be able to give bank guarantee on customers’ money, see details here

Pravesh Maurya — Mon, 01 May 2023 13:02:35 +0000

The business of brokers is widely spread in the country. Brokers earn money in different ways. One of these ways is to give bank guarantee on the money of the customers.

Brokers make a lot of money by giving bank guarantees on clients’ money. In such a situation, many times the money of the customers is also misused by the brokers. In view of this, recently SEBI has taken a big step. The Securities and Exchange Board of India (SEBI) has recently ordered that brokers will no longer be able to use clients’ money to give bank guarantees.

When will the ban take place?

According to SEBI’s order, there will be a ban from the beginning of next month i.e. from May 1, 2023, on the use of brokers’ clients’ money for giving bank guarantees. Not only this, as per SEBI’s order, all the existing guarantees given on the money of the customers will be canceled by 30 September.

Customers’ money will be saved from risk

SEBI has issued this order to protect customers’ money from risk and prevent its misuse. Stock market is risky in nature. In such a situation, the bank guarantee given by the brokers on the money of the customers puts their money at risk. Also there is a possibility of its misuse.

At present, brokers and other intermediaries pledge clients’ money with banks, which in turn give guarantees to clear clearing corporations for large amounts. This puts the money of the customers at risk. SEBI’s order will remove this risk.

Monitoring will now happen

SEBI in its order has asked stock exchanges and clearing corporations to systematically monitor closure of bank guarantees given by brokers on clients’ money.

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Toll Tax Rules Changed: Good news for those who drive on the highway, Money will be deducted from direct account

Pravesh Maurya — Mon, 24 Apr 2023 11:47:14 +0000

Nitin Gadkari on Toll Tax: If you also travel on the highway, then there is good news for you. On behalf of Union Minister Nitin Gadkari, many types of facilities are being given to those who walk on the highway.

Along with this, the government is now going to make a big change in the Toll Tax Rules, which will directly benefit crores of road users. Along with this, Nitin Gadkari has said that by the end of this year, 26 green expressways will be built across the country and new toll rules will also be issued.

There will be a change in the technology of toll tax

Let us tell you that after the construction of Green Expressway, India will become equal to America in the matter of roads. Along with this, the Union Minister told that there will be a big change in the rules and technology to collect toll tax.

Government can make 2 methods for recovery of toll tax Government is planning to give 2 options for recovery of toll in the coming days. In this, the first option is to install ‘GPS’ system in the cars. Whereas, the second method is related to the modern number plate. At present, planning is going on for this.

While giving information, there is no provision for any punishment, Road Transport and Highways Minister Nitin Gadkari has said that there is no provision of any kind of punishment for non-payment of toll tax. Along with this, the Union Minister said that in the coming days, emphasis will also be laid on the use of technology to collect toll tax.

Money will be deducted from direct account

Nitin Gadkari has further said that till now there is no provision of punishment for not paying toll, but preparations are on to bring a bill regarding toll. Now toll tax will be deducted directly from your bank account. No separate action will be taken for this. Nitin Gadkari has told that now toll tax will not have to be paid, the amount will be deducted directly from your account.

Apart from this, the Union Minister said, ‘In 2019, we made a rule that cars will come with company-fitted number plates. That’s why the vehicles that have come in the last four years have different number plates.

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Post Office’s Dhansu scheme, money will be doubled before time, depositing 10 lakhs, you will get 20 lakhs

Pravesh Maurya — Sat, 22 Apr 2023 08:00:12 +0000

Post Office Kisan Vikas Patra Although there are many options available for investment in India, but there is no guarantee that your money will be safe everywhere.

Your money will be doubled before 5 months

KVP account can be opened with as little as Rs 1000

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EPFO Alert: Your EPF account may be closed automatically, all the money lying in the account will be stuck… know why?

Pravesh Maurya — Fri, 21 Apr 2023 11:45:56 +0000

Most of the services related to provident fund have gone online. Claiming has become very easy. But, even today there are many such cases, in which people often get confused regarding EPF withdrawal.

There are many questions in people’s mind regarding EPF i.e. Employees Provident Fund. Like when can they withdraw their money. What are the advantages and disadvantages of withdrawing money. How to transfer EPF account. But, do you know that your EPF account can also be closed on its own. If this happens, the entire money lying in your EPF account may get stuck. You may have to struggle hard to remove it.

When does EPF account get closed?

If your old company is closed and you have not transferred your money to the new company’s account or if there is no transaction in this account for 36 months, then after 3 years this account will automatically be closed and will be added to the inactive accounts of EPF. . Not only this, you may have to struggle hard to withdraw money from this account. You can withdraw money through KYC with the help of the bank. However, interest continues to accrue even on your inoperative account.

What is the instruction of EPFO?

EPFO had said in one of its circular some time ago that it is necessary to be careful while settling the claims related to inoperative accounts. Utmost care should be taken to minimize the risk of fraud and claim payments are made to genuine claimants.

What is inoperative account?

Provident fund accounts in which contribution amount is not deposited for more than 36 months, EPFO puts them in the category of inoperative accounts. However, interest is also available on inoperative accounts.

Who will get certified?

To settle the claim related to inactive PF accounts, it is necessary that the employer of the employee certifies that claim. However, in case of employees whose company has been closed and there is no one to certify the claim, the bank will certify such claim on the basis of KYC documents.

Which documents will be necessary?

KYC documents include PAN Card, Voter Identity Card, Passport, Ration Card, ESI Identity Card, Driving License. Apart from this, any other identity card issued by the government like Aadhaar can also be used for this. After this, the Assistant Provident Fund Commissioner or other officers will be able to approve withdrawal or account transfer from the accounts according to the amount.

With whose approval will I get the money?

If the amount is more than 50 thousand rupees, the money will be withdrawn or transferred after the approval of the Assistant Provident Fund Commissioner. Similarly, if the amount is more than 25 thousand rupees and less than 50 thousand rupees, the account officer will be able to approve fund transfer or withdrawal. If the amount is less than 25 thousand rupees, then the dealing assistant will be able to approve it.

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Post office money double scheme: 4 lakhs will get 8 lakhs, now this investment scheme will double the money

Pravesh Maurya — Mon, 17 Apr 2023 04:45:52 +0000

Post office paisa double scheme: Many such schemes are run by the post office , in which investors can get safe and guaranteed returns by investing money.

From April 1, 2023, the government has increased the interest rate of small savings schemes of the post office, including the Kisan Vikas Patra (KVP), a government scheme of the post office being run in the name of farmers. The central government has increased the interest received on Kisan Vikas Patra from 7.2 percent to 7.5 percent annually from April 1, 2023. That is, now in this scheme your money will double more quickly. Let us know about this scheme.

What is Kisan Vikas Patra (KVP)?

Kisan Vikas Patra is a lump sum investment scheme run by the Government of India. In this scheme, you can double your money within a fixed period. Kisan Vikas Patra Yojana is available for investment in all post offices and big banks of the country. This scheme is specially made for the farmers, so that they can save their money on long term basis. The minimum investment in this is Rs 1000. There is no limit on maximum investment.

In how much time money will double

The government has increased the interest rates of this scheme from 1st April. Now you are getting returns at the rate of 7.5% per annum by investing in this scheme. From January 2023 to March 2023, it was taking 120 months to double the money in this scheme. But now your money will double in five months before that i.e. 115 months i.e. 9 years and 7 months only. If you put 4 lakhs in it in lump sum then you will get 8 lakhs back in 115 months. The good thing is that you also get the benefit of compounding interest in this scheme. That is, you earn interest even on interest.

Rebate on account opening

You can start investing in Kisan Vikas Patra with just Rs.1000. After this, investment can be made in multiples of Rs.100. Any number of accounts can be opened under the scheme. Account Single and 3 adults together can open joint account. Nominee facility is also available in this. Children above 10 years of age can open KVP account in their own name. A guardian can open an account on behalf of a minor or a person of unsound mind.

If you want to close KVP account

You account can be prematurely closed after 2 years 6 months from the date of deposit. KVP can be closed on the death of a single account or death of any or all account holders in a joint account, forfeiture on behalf of the pledgee being Gazetted Office Officer and when ordered by a court. The account can be pledged or transferred as security by submitting an application to the concerned post office along with the acceptance letter of the pledgee.

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Toll tax rules changed, Nitin Gadkari made a big announcement; Money will not be deducted!

Pravesh Maurya — Sun, 16 Apr 2023 10:29:12 +0000

Toll Tax: There is great news for those traveling on the highway. Often, those traveling on the highway have to pay toll tax, but the central government is soon going to change the rules related to toll tax. Nitin Gadkari has given information about this. Let us tell you that it is planning to bring a bill related to toll tax.

Emphasis will be given on the use of technology

Giving information, Road Transport and Highways Minister Nitin Gadkari has said that there is no provision of any kind of punishment for non-payment of toll tax. Along with this, the Union Minister said that in the coming days, emphasis will also be laid on the use of technology to collect toll tax.

Preparations are being made to bring the bill

Nitin Gadkari has further said that till now there is no provision of punishment for not paying toll, but preparations are going on to bring a bill regarding toll. Now toll tax will be deducted directly from your bank account. No separate action will be taken for this.

Money will be deducted directly from the account

Nitin Gadkari has told that now toll tax will not have to be paid, the amount will be deducted directly from your account. Apart from this, the Union Minister said, ‘In 2019, we made a rule that cars will come with company-fitted number plates. That’s why the vehicles that have come in the last four years have different number plates. Before the year 2024, 26 green expressways will be ready in the country and India will be at par with America in terms of roads. Along with this, the Union Minister said that in the coming days, emphasis will also be laid on the use of technology to collect toll tax.

What is the rule this time?

Nitin Gadkari said that at present, if a person travels a distance of even 10 kilometers on the toll road, then he has to pay a fee of 75 kilometers, but in the new system, he will be charged only for the distance covered. He denied that the National Highways Authority of India (NHAI) was going through a financial crisis. He said that the condition of NHAI is absolutely fine and it has no shortage of money. He said that in the past two banks offered loans at low rates.

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NSC Documents: Big news! NSC investors will have to submit two documents to get interest money,

Pravesh Maurya — Thu, 13 Apr 2023 10:45:48 +0000

NSC Documents: For National Savings Certificate (NSC) investors, the central government has made it mandatory to submit two documents or link the account to get the amount deposited in the account.

On March 31, the central government has made it mandatory to link Aadhaar card with the account along with giving the gift of increased interest rates to NSC investors for the April-June 2023 quarter. Whereas, investors have been asked to link PAN as well. The investment tenure in NSC is five years.

The Central Government has announced to increase the interest rate on National Savings Certificate (NSC) by 70 basis points on March 31, 2023, which has benefited investors a lot. After this, now the interest rate on NSC has increased from 7 percent to 7.7 percent, which is much higher than other schemes like PPF etc. The new interest rate on NSC will be applicable on the amount invested anytime between April 1 and June 30, 2023.

Deadline for submission of documents

The Finance Ministry has made it mandatory for investors of small savings schemes to submit Aadhaar. Investors can submit their Aadhaar and PAN card to the accounts office. Apart from this, the investor can also submit both the documents at the post office having the respective account. A six-month deadline has been given for submission of both the documents from April 1, 2023, which will end on September 30, 2023.

What will happen if Aadhaar is not submitted for NSC account

According to the instructions of the Ministry, if Aadhaar is not submitted by 30 September 2023, then the amount deposited in NSC account will be frozen. In this case, the amount of interest payable to the investor will not be deposited in the bank account. Whereas, the investor will not be able to deposit the amount in his NSC account. Apart from this, the maturity amount will not be credited to the bank account of the investor.

Benefits of Investing in NSC Scheme

National Savings Certificate is operated under NSC Post Office Savings Scheme. To invest in NSC, the customer can open an account in the post office.
Deduction is allowed on the amount deposited in NSC under section 80C of the Income Tax Act.
Investors can invest a minimum of Rs 1000 in NAC while there is no limit for the maximum deposit amount.
The investment tenure in NSC is for 5 years. You can close it prematurely or withdraw the deposit amount prematurely.

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PPF Scheme Rules Change: Government made major changes in PPF Scheme, If your money is also involved then know the new rules!

Pravesh Maurya — Tue, 11 Apr 2023 09:48:48 +0000

PPF Scheme Latest Update: There is big news for those investing money in the Public Provident Fund Scheme.

If you have also invested money in the PPF Update scheme or have a plan to invest, then now the Central Government has made a big change in the rules of this scheme. Many schemes are run by the government for the general public. The government keeps on making changes in government schemes from time to time. If you do not know about these new rules on time, then you may have to suffer a lot. Let us tell you that now what changes have been made by the government in the rules of PPF scheme.

You can invest in the scheme even with less rupees

If you have invested money in this scheme then there is good news for you. You can also take advantage of this scheme in less money. Your money is safe in such schemes. In this, the government is getting the benefit of 7.10 percent interest.

Money is deposited once a month, you can invest up to Rs 500 in PPF in at least 1 year, if you deposit up to Rs 1.5 lakh in PPF in 1 year, then you get the benefit of tax exemption. So you can deposit money in this every month

Account will not be closed even after 15 years, investment in it gets closed after 15 years. But if you want to invest more in this, then you can invest in this scheme even after 15 years, but then you can withdraw the money only once in 1 year.

How to open account

You have to submit Form-1 to open PPF account. If you want to invest even after 15 years, then you have to apply in Form-4.

Getting the benefit of loan

You can easily get loan on PPF account. You get a loan of only 25% of the money in your PPF account.

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FASTag Rules: Government’s announcement, it is necessary to follow these rules of FASTag, otherwise….

Pravesh Maurya — Thu, 06 Apr 2023 09:29:20 +0000

FASTag Recharge: Most of the people do not have any problem in paying the toll. At the same time, many measures have also been taken by the government to make the payment of toll easy.

At the same time, people also have to stand in long lines due to toll many times. In order to remove the problems of the people, FASTags were started by the government. With this, people can cross the toll without stopping and paying. However, people should keep many things in mind regarding FASTags.

This is how money is spent

Sometime back the government introduced FASTags, which are prepaid tags fixed on vehicle windscreens that allow you to move through dedicated lanes at toll plazas without stopping. Vehicles are identified using Radio Frequency Identification Technology (RFID) and money is then deducted from the account.

It is important to follow the rules, although you should know about the rules of FASTag. If the rules of FASTag are ignored then trouble may have to be faced. Let’s know about some rules…

First and foremost in the new rules of FASTag is that these tags have been made mandatory by the government.

If you enter the FASTag lane without the FASTag, you will be liable to pay double the toll amount.

– If your FASTag is not serviceable due to some damage to RFID or insufficient balance, you will have to pay double the toll amount.

– From April 2020, the government has made FASTag mandatory for obtaining third party insurance for your vehicle, making it essential to obtain FASTag even if you are not taking your car on the highway.

Most vehicles sold after 2017 come with pre-fitted FASTags. So, if you are the owner of an old vehicle, you will have to get FASTag done.

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Good news! Government started unemployment allowance, this much money will come in the account every month

Pravesh Maurya — Thu, 30 Mar 2023 06:02:44 +0000

Unemployment Rate: Good news has been given by the government to the youths roaming in search of employment. Such youths who have not yet got a job will be given unemployment allowance every month by the government.

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.

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ITR Amount Update: Income tax refund money has come in the account or not? Do instant check like this

Pravesh Maurya — Tue, 14 Mar 2023 11:02:16 +0000

Income Tax Refund: The process of filing income tax is going to start from the month of April. Along with this, if income tax refund is being made after filing income tax, then the process will start for that also.

However, it has been seen many times that some people have to face a lot of delay in getting the income tax refund. In such a situation, after applying for income tax refund, its status can be checked with easy steps. Let’s know about it…

Income Tax Refund

If you have paid tax in excess of your actual tax liability for a financial year, you are eligible to get Income Tax Refund after filing Income Tax Return (ITR) for that year. However, you will get this income tax refund only when the tax department processes your ITR and confirms it through an intimation notice.

Income Tax Refund Status

After claiming for income tax refund, you can also track it and check what is the status of your income tax refund. There are two ways to check the status of income tax refund. The first is that you can check its status on the Income Tax Portal. On the other hand, you can check the status of income tax refund on the website of NSDL.

This is how to check through income tax portal…

– Go to www.incometax.gov.in .
Log in to your account by entering your User ID and your password.
After logging in, click on the ‘e-file’ option.
Select ‘Income Tax Return’ under the option ‘e-File’ and then select ‘View Filed Returns’.
– Check latest ITR filed.
– Select the option ‘View details’.
After this the status of the ITR filed there will be displayed. It will also show you the date of issue of tax refund, amount refunded and clearance of any refund due for this assessment year.

Check from NSDL website like this…

– Visit https://tin.tin.nsdl.com/oltas/refundstatuslogin.html .
– Enter your PAN details
– Select the Assessment Year.
Enter the captcha code and click on submit.
After this, a message will appear on your screen based on the status of the refund.

Explain that to claim your income tax refund or TDS refund, all you have to do is file your income tax return and declare your income, deductions and tax paid details to the Income Tax Department. It is important to remember that online filing of your ITR is necessary to claim your income tax refund.

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SBI customers! Bank is giving full benefit of 40,000, money will come in the account immediately!

Pravesh Maurya — Mon, 13 Mar 2023 15:02:29 +0000

There is good news for customers having an account with SBI. If you also have an account with the country’s largest public sector bank, then SBI customers are now getting a direct benefit of Rs 40,088, but you can avail this benefit only till March 31.

SBI is giving the benefit of 7.1 per cent rate on 400 days FD. 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.

Extra will get 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.

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.

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.

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Toll Tax Rules Changed: Now toll tax will not have to be paid, the amount will be deducted directly from your account.

Pravesh Maurya — Sun, 12 Mar 2023 16:12:58 +0000

Nitin Gadkari on Toll Tax: There is big news for those who walk on the highway. If you also travel on the highway and are worried about toll tax, then now you do not have to worry at all. Nitin Gadkari has made a big announcement regarding toll tax, which will affect crores of drivers. Gadkari has told that before the year 2024, 26 green expressways will be built in the country and also new rules will be issued for toll tax.

There will be a change in toll tax technology,
let us tell you that after the construction of Green Expressway, India will become equal to America in the matter of roads. Along with this, the Union Minister told that there will be a big change in the rules and technology to collect toll tax.

Government can make 2 methods for recovery of toll tax Government
is planning to give 2 options for recovery of toll in the coming days. In this, the first option is to install ‘GPS’ system in the cars. Whereas, the second method is related to the modern number plate. At present, planning is going on for this.

While giving information, there is no provision for any punishment,
Road Transport and Highways Minister Nitin Gadkari has said that there is no provision of any kind of punishment for non-payment of toll tax. Along with this, the Union Minister said that in the coming days, emphasis will also be laid on the use of technology to collect toll tax.

Money will be deducted directly from the account

Nitin Gadkari has further said that till now there is no provision of punishment for not paying toll, but preparations are on to bring a bill regarding toll. Now toll tax will be deducted directly from your bank account. No separate action will be taken for this. Nitin Gadkari has told that now toll tax will not have to be paid, the amount will be deducted directly from your account. Apart from this, the Union Minister said, ‘In 2019, we made a rule that cars will come with company-fitted number plates. That’s why the vehicles that have come in the last four years have different number plates.

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SBI vs HDFC vs ICICI Bank FD Rates: Know where senior citizens can double their FD quickly

Pravesh Maurya — Sat, 11 Mar 2023 09:01:45 +0000

SBI vs HDFC vs ICICI Bank FD Rates: Most banks including SBI, HDFC Bank and ICICI Bank have increased their interest rates on FDs. Senior citizens have benefited the most from the increase in interest on FDs.

Senior citizens consider investing in FDs to be the safest option. You can double your money in 10 years by investing in FDs of these three banks. Here we are telling you that in what time State Bank of India (SBI), HDFC Bank and ICICI Bank (ICICI Bank) will double your money through FD.

SBI Fixed Deposit

Senior citizens can double their money in a 10-year FD with State Bank of India (SBI). The bank is currently offering a maximum interest of 7.50% to senior citizens. The online FD calculator on SBI’s website shows that an FD of Rs 50,000 in 10 years will amount to Rs 1,05,117 after a maturity period of 10 years.

HDFC Bank Fixed Deposit

Senior citizens can double their money on a 10-year FD with HDFC Bank. The bank is offering 7.75% interest to senior citizens, which is the highest as compared to SBI and ICICI Bank. According to the online FD calculator, a deposit of Rs 50,000 in a 10-year FD will grow to over Rs 1.07 lakh after maturity of 10 years.

ICICI Bank Fixed Deposit

Senior citizens can double their money in a 10-year FD with ICICI Bank. The bank is currently giving 7.50% interest to senior citizens. According to the online FD calculator, a deposit of Rs 50,000 in a 10-year FD will grow to over Rs 1.05 lakh after maturity of 10 years.

HDFC Bank’s 10 year FD will get more money

The money deposited in all the three banks will double in 10 years. HDFC bank would give you more money back on 10 years deposit as compared to other 2 banks. The bank is paying 0.25 per cent more interest on its 10-year deposit.

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HDFC issued alert for customers! If you click on this link then your account will be empty

Pravesh Maurya — Thu, 02 Mar 2023 11:36:53 +0000

The cases of cyber fraud are increasing day by day, in such a situation it is very important for you to be alert otherwise one wrong click can make you poor. Thousands of cases related to banking or digital payment fraud are registered daily in the cyber cell.

According to media report , in 2021, more than 4.8 thousand cases of online banking fraud were reported across India. Now the target of fraudsters is the customers of HDFC Bank. If you are also a customer of HDFC or any other bank, then this news is for you. Read and be alert.

Although there are many ways through which scammers steal money, but one of the most common methods is Phishing SMS, through which scammers trick people. Especially through phishing bank SMS, fraudsters scare people saying that their bank account has been suspended and update their KYC or PAN by clicking on the link attached to the SMS. However, once a person gets tricked and believes the SMS and clicks on the link, their phone gets hacked and they lose their money.

Phishing SMS fraud is very common and many banks have issued advisories to people not to trust such SMS. Recently, HDFC has also alerted its customers about such fraud after some of its users tagged the bank about a viral HDFC Bank SMS they were receiving on their mobile phones.

One of the phishing SMS shared by a user on Twitter read, “HDFC customer your HDFC net banking will be suspended today please update your PAN card visit the link below.” Another user replied to this tweet and shared an SMS where he was asked to update his KYC. The SMS he received read, “Dear Customer, Your HDFC account will be on hold today, please update your KYC immediately click here”.

Alerting them about the phishing scam, HDFC Bank Care replied to the tweet and wrote, “Hi Sanghamitra, We request you not to respond to unknown numbers asking for PAN card/KYC update or any other banking information Don’t. HDFC Bank will always send messages from its official ID hdfcbk/ hdfc bn and the links to these messages will always be under http://hdfcbk.io.”

In the same Twitter thread, HDFC Bank further wrote, “Domain. Remember, Bank will never ask for PAN details, OTP, UPI, VPA/MPIN, Customer ID & Password, Card Number, ATM PIN & CVV. Please share any Do not share your confidential details with us.! -Anay, Service Manager.”

So what exactly are these phishing SMS links and how can one prevent themselves from falling prey to such banking frauds?

What is Phishing Bank SMS Scam

In typical banking frauds that are related to phishing SMS, scammers send fake messages and ask people for personal information like account details, OTP and identification number.Or they will ask you to click on a link to update your KYC or PAN on the pretext of activating your bank accounts.

However, if someone clicks on such a link and gets tricked by these SMS, the scammers get remote access to their mobile or bank credentials, which they later use to empty your bank account .

In particular, legitimate banks will never ask you to share sensitive credentials or send unsolicited messages. Never respond to a spam SMS or request. Most importantly, never share sensitive information like your account number, card number, OTP, CVV or personal ID.SMS related to PAN card and KYC are most common and are sent to mislead unsuspecting people.

To stay safe from banking frauds, here we have listed some important things that you should always keep in mind…

How to stay safe from phishing bank SMS scams:

– Never share personal information like OTP, bank details, mobile number or others on SMS or unwanted calls.

Always have strong passwords for your UPI, Internet banking and even mobile phones. Also keep changing your password regularly.

– Always verify the sender before taking any action on any SMS request. In case of bank alerts, contact the bank manager or inform such SMS.

Enable two-factor authentication for online banking. Therefore, every time you access your account you will need to enter your password and OTP. To be safe, you can even set your biometrics as a second password, like a fingerprint.

– As we have shared above SMS you can see that SMS contains an unsecured link and even the English language is not good. Always check such details and delete the message if you have received it.

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Investment Rules Change: Big news! Know these cbefore investing, otherwise there can be huge loss

Pravesh Maurya — Mon, 27 Feb 2023 07:10:57 +0000

Investment Rules: If you are planning to invest, then you should know about some rules related to investment. With which you can easily increase your money to the fold. Investing can be simplified into a few simple guidelines that everyone can use to make money.

So achieving success can involve both doing and not doing. Everyone knows that you should “Buy Low and Sell High” anything, so here you are given information about some exit rules to rule 144.

Be informed that getting started with your property can give you more time to flourish in the long run. That’s why you should not invest unless you are able to do so. Start keeping some money in an emergency fund, pay off all your debts and avoid investing using credit cards, the sooner you get your money, the sooner you can start investing .

Rule 72

A simple method known as the Rule of 72 can be used to determine how long it will take for an investment to double at a given annual interest rate. By dividing 72 by the annual rate of return, investors can calculate the number of years it will take to double their initial investment.

Rule 114

Following the Rule of 72, the Rule of 114 provides guidance to an investor on how long it will take to triple their money. To accomplish this, multiply the number 114 by the rate of return of the investment product. The number of remaining years determines when your investment will triple.

Rule 144

The last rule on the list is rule 144. The time it takes for your money to quadruple, or quadruple, its initial value is specified in this regulation. This idea mainly applies to investors who hold their money for a very long time to grow by four times.

Withdrawal Rules

Most people aim to build a corpus that outlives their age and save for their retirement years. But given the unpredictability of inflation rates, the fund is likely to be used up very quickly. The 4% withdrawal rule was created to help senior citizens maintain a steady income stream without rapidly depleting their assets. If you withdraw 4% of your retirement corpus every year, you can easily manage your living expenses.

Never invest in haste

Before you invest your hard earned money, first be sure what you are investing in. The success of your investment will have an impact on your financial situation in the future, so it is very important to understand the facts before investing. First make sure you are aware of your risk level, the variables that may impact your investment performance, and how easy it is to withdraw your money if necessary. Take your time and get all the information before investing. Never invest in something that you are not aware of.

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Post Office Money Double Plan: Post Office will now quickly double your money, giving full 10 lakhs instead of 5 lakhs

Pravesh Maurya — Sat, 25 Feb 2023 09:29:38 +0000

Post Office Scheme: Post Office Scheme keeps bringing new schemes for its customers so that people can invest their money easily. Today we will tell you about a new scheme of post office, through which you can double your money in just 120 days.

The name of this scheme is Kisan Vikas Patra Yojana (Kisan Vikas Patra Yojana) and the interest rates available in this scheme have also been increased. In this, you can earn double the money from your deposit.

What is this tremendous scheme of the post office?

The post office has come out with a tremendous scheme, in which the money can be doubled. This scheme is Kisan Vikas Patra Yojana. In this scheme, instead of just 123, your money will double in 120 months. In this you will get interest up to 7.20 percent. You can invest at least Rs 1000 in this scheme. If you have invested Rs 10 lakh, then you will get 7.2 percent interest and in 120 months your money will also double.

How to double money in the scheme

If you have invested Rs 10 lakh, then you will get 7.2 percent interest in 120 months and your money will also double in 120 months. By adding 10 lakh rupees, it will become 20 lakh rupees on maturity. This will give you a lot of profit.

How to open an account

In this scheme, you can open an account even after 10 years and you have to fill the application by going to the post office and deposit the investment by cash, check or demand draft. You will also have to apply your identity card and immediately after applying you will get the Kisan Vikas Patra certificate.

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SBI Special Plan: Bank is giving benefit of 40,088, money will come directly into account

Pravesh Maurya — Mon, 20 Feb 2023 11:29:05 +0000

State Bank Of India: There is good news for those who have an account in State Bank (SBI Account). SBI customers (SBI Customer) will now get a big benefit till 31 March.

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

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?

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

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Fitment Factor Update: Central employees will get double good news after Holi, big money will come in their account

Pravesh Maurya — Sun, 19 Feb 2023 08:17:52 +0000

7th Pay Commission Update: About 62 lakh central government employees and 48 lakh pensioners are waiting for dearness allowance and dearness relief to increase. A decision on this is expected to be taken in the Modi cabinet meeting to be held in the first week of March before Holi.

This time the Dearness Allowance (DA) may increase by 4 percent. At present, central employees are getting 38 percent dearness allowance, which is expected to increase to 42 percent. But the employees will get this in the salary for the month of March only.

Dearness allowance will be applicable from January 2023.

The increased DA will be paid to central employees from January 2023. That is, the arrears of January and February will be given. Dearness allowance of government employees and pensioners is increased twice a year. This necklace is applicable from January and July of the year. The AICPI index has come down to 132.3 points in December. On increasing the dearness allowance by 4 percent from the government, dearness allowance of Rs 7560 will be available on the basic salary of Rs 18000.

It will increase annually by 9 thousand rupees, till now according to 38 percent, this dearness allowance becomes 6840 rupees. Talking annually, this increase works out to about Rs 9,000. Similarly, if we look at the figure of DA hike on the maximum basic salary of Rs 56,900, then it is Rs 2276 a month (Rs 27,312 a year). At present, the employees get dearness allowance of Rs 21622 per month, which will increase to Rs 23898 per month.

Will also get arrears of two months

Along with getting the money for DA hike in March salary, arrears of two months will also be available. Accordingly, good money will increase in the account. Apart from this, it is also being claimed in the media reports that the government can also fulfill the old demand of increasing the fitment factor of central employees after Holi. If a decision is taken on the fitment factor, there will be a significant increase in the salary of the employees.

At present, the basic salary of the employees is Rs 18,000. After the change in the fitment factor, it will increase to Rs 26,000. At present, on the basis of fitment factor 2.57 times and basic salary of Rs 18000, excluding other allowances, Rs 18,000 X 2.57 = Rs 46260. But if it is increased to 3.68, then excluding other allowances, the salary of the employees will be 26000 X 3.68 = Rs 95680.

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New Tax regime: Finance Minister said on the new tax regime, the middle class family will benefit

Pravesh Maurya — Sat, 11 Feb 2023 11:29:14 +0000

Finance Minister Nirmala Sitharaman on Saturday said that the new tax regime was revised with a view to provide relief to taxpayers and save more money in the hands of people.

Answering a question on the new tax regime in the press conference held after the RBI board meeting, he said that more deductions have been made for the people in the new tax regime, which saves more money in their hands. The new tax regime lightens the tax burden on the people. Sitharaman said that the government had already asked to reduce the tax rate and make it easier.

The Finance Minister participated in the Customary Central Board of Directors meeting of RBI on Saturday after the Union Budget 2023-24. After this meeting, Sitharaman has said this in the press conference regarding the new tax regime. RBI Governor Shaktikanta Das was also present along with the Finance Minister in this meeting and the subsequent press conference.

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Sukanya Samriddhi Yojana: You will get Rs 5 lakh by depositing Rs 35 daily, check details

Pravesh Maurya — Fri, 10 Feb 2023 06:05:43 +0000

Sukanya Samriddhi Yojana: When a girl child is born in any house in the country, lines of worry emerge on the faces of the parents. But, now no one needs to worry.

The government has run many schemes for the education of daughters and for financial cooperation even in marriage. Sukanya Samriddhi Yojana (SSY) is also included in these schemes . If you deposit money even at the rate of Rs 35 per day in this scheme of the government, then you can get more than Rs 5 lakh by the time the daughter reaches the age of 21 years. Come, let’s know.

What is Sukanya Samriddhi Yojana

Sukanya Samriddhi Yojana was started by the government on January 22, 2015 for the education and marriage of daughters. Under this scheme, the daughter’s bank account is opened by the father of the daughter in any bank or post office. In such a situation, all the people who want to deposit money for their or their daughter’s education and marriage can open a bank account under this scheme. The minimum amount for opening an account under this scheme has been fixed at Rs 250. 250 to 5,000 rupees can be deposited in this account every month. Its maximum amount has been fixed at Rs 1.5 lakh.

Till when the money has to be deposited

After opening an account under Sukanya Samriddhi Yojana, money is deposited in the account till the age of the girl is 18 or 21 years.

A person can withdraw 50% of the entire deposit amount for the education of the girl child after she completes 18 years of age.

After the daughter completes 21 years, she will withdraw the entire deposit for marriage. During this period the amount deposited by the beneficiary is paid and hence the interest paid by the agency will also be included.

How to register?

Application form for new account of Sukanya Samriddhi Yojana (SSY) can be obtained by visiting the nearby post office or participating public or private sector bank. Apart from this, you can also download the application form from the RBI website.

How to apply

In the application form of Sukanya Samriddhi Yojana, the applicant needs to provide some key data regarding the girl child, in whose name the investment will be made under the Beti Bachao Beti Padhao scheme. Details of the parent or guardian opening the account or on his behalf is required to be submitted.

Name of the Girl Child (Primary Account Holder)
Name of the parent/guardian opening the account (joint account holder)
initial deposit
Cheque/DD number and date (used for initial deposit)
girl child date of birth
Birth certificate details of the primary account holder (certificate number, date of issue, etc.)
ID details of the parent/guardian (driving license, Aadhaar, etc.)
Present and Permanent Address (as per ID document of parent/guardian)
Details of any other KYC documents (PAN, Voter ID card, etc.)

35 daily or how much will you get if you deposit 1000 rupees in a month

If you deposit more than Rs 1000 every month at the rate of Rs 35 per day in the name of your daughter under Sukanya Samriddhi Yojana. Now if you deposit Rs 1000 in your daughter’s account every month, then a total of Rs 12,000 will be deposited in a year. In 15 years, the total deposit amount will be Rs.1,80,000 and on completion of 21 years of the daughter, the total deposit amount and interest will be Rs.5,09,000.

How much will you get after depositing Rs 2000 every month

Now if you deposit Rs 2000 in the daughter’s account under Sukanya Samriddhi Yojana, then Rs 24,000 is deposited in a year. In 15 years, Rs 3,60,000 is deposited in your daughter’s account. On completion of 21 years of age of the daughter, you will get around Rs 10,18,000.

How much will you get by depositing Rs 3000 every month

Under the Sukanya Samriddhi Yojana, if Rs 3000 is deposited in the daughter’s account, then Rs 36,000 is deposited in a year. In 15 years, Rs 5,40,000 is deposited in your daughter’s account. On completion of 21 years of age of the daughter, you will get around Rs 15,27,000.

How much will you get by depositing Rs 4000 every month

Under the Sukanya Samriddhi Yojana, if Rs 4000 is deposited in the daughter’s account, then Rs 48,000 is deposited in a year. In 15 years, Rs 7,20,000 is deposited in your daughter’s account. On completion of 21 years of age of the daughter, you will get around Rs 20,35,000.

How much will you get after depositing Rs 5000 in a month

Under this scheme of the government, if 5000 rupees are deposited in the daughter’s account, then 60,000 rupees are deposited in a year. In 15 years, Rs 9,00,000 is deposited in your daughter’s account. On completion of 21 years of age of the daughter, you will get around Rs 25,40,000.

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EPF Interest Credit: Date confirm…! Government will transfer pf interest money on this day, know the details

Pravesh Maurya — Wed, 08 Feb 2023 17:02:57 +0000

EPFO Employees Provident Fund : More than 6 crore PF account holders of the country have been waiting for the interest received on their Employee Provident Fund (EPF) for a long time.

The government has also presented the budget 2023 but no official announcement has been made regarding the transfer of interest money. Till now the interest money of PF of the employees has not come in the EPF account. Many subscribers are asking EPFO on Twitter to transfer interest to them. If media reports are to be believed then the interest money on PF can come at the end of February i.e. before Holi.

Interest money did not come on EPF

If we look at the record before this, last time the interest money came around Diwali in 2021, but this time even after the year 2022, the interest money of the previous year has not come yet.

When will interest money come on pf

EPFO can transfer interest money on PF by the end of February. It is believed that the employees may get good news before Holi. Interest money has not come in the PF account, due to which people are asking questions on the official Twitter account of EPFO that when will their PF money come.

why is there delay

The PF account holder hopes that the Modi government will soon transfer the interest money to their PF account. Actually, interest money on PF is received after a very long process, due to which there is delay. All 6 crore PF account holders do not get interest money at once. This time the account holders have to get interest on PF at the rate of 8.1 percent.

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PF Rule Change: Big news! Now you will have to pay tax on withdrawing money from pf account before 5 years

Pravesh Maurya — Mon, 06 Feb 2023 07:05:44 +0000

In the country’s general budget, Finance Minister Nirmala Sitharaman has changed the rules related to Provident Fund (PF Account). If the EPFO subscriber has not completed five years of account opening and he withdraws money from his account, then he will have to pay tax now.

TDS will not be deducted if withdrawn after five years. TDS will be deducted on the entire amount withdrawn from the PF account before five years. Not only this, PF contribution of more than Rs 2.50 lakh in a year will come under tax net.

An important change has been made regarding TDS in the budget. If you withdraw money from your PF account after April 1, 2023, now you will have to pay TDS at 20% instead of 30%. Whether your account is linked to PAN card or not. If you withdraw from EPF before 1 April 2023, you will have to pay TDS as before.

TDS is not applicable after 5 years.

If an account holder withdraws money within 5 years, he has to pay TDS. At the same time, no TDS will be levied on withdrawal of money after 5 years. Finance Minister Nirmala Sitharaman had informed in the budget that the limit of Rs 10,000 for TDS has also been removed.

Understand the new rule like this According to media report, tax expert Balwant Jain says that if PAN is not linked to Aadhaar, then PF withdrawal tax will have to be paid if the withdrawal is made before five years of opening the PF or EPF account. If the PF account is linked to the PAN card of the account holder, no TDS will be levied on the withdrawal amount. The amount that will be withdrawn from PF will be added to the total taxable income of the account holder for that year and will be taxed as per the income tax slab of the PF account holder.

Balwant Jain says that if the PF account is not linked to the PAN card of the account holder, then TDS is deducted on the net amount available in his PF account. Currently the TDS rate is 30 percent, which will be reduced to 20 percent from April 1, 2023.

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EPFO Account Holder: Good News: 81,000 rupees will come in the account of EPFO subscribers, here’s the date and how to check

Pravesh Maurya — Wed, 25 Jan 2023 13:29:44 +0000

Employees Provident Fund: Great news is going to come by the end of this month for 7 crore subscribers of Employees’ Provident Fund Organization ie EPFO. The government is going to transfer the interest for the financial year 2022 to the account of EPF account holders.

Let us tell you that this time interest will be available at the rate of 8.1 percent. According to the information received so far, the Employees’ Provident Fund Organization has calculated the interest received in the PF account in the financial year 2022. Soon it will be transferred to the account of the account holders. This time a total of Rs 72,000 crore deposited in the account of the government will be sent to the account of the employed.

When will the money be transferred?

It is worth noting that last year people had to wait 6 to 8 months for interest. But, last year due to Covid, the atmosphere was different. This year the government will not delay. According to media reports, interest money can be transferred to the account by the end of this month. This year’s interest is at the lowest level in 40 years.

The calculation of interest is quite simple

If you have Rs 10 lakh in your PF account then you will get Rs 81,000 as interest.
If you have Rs 7 lakh in your PF account, you will get Rs 56,700 as interest.
If you have Rs 5 lakh in your PF account, then Rs 40,500 will come as interest.
If you have one lakh rupees in your account, then 8,100 rupees will come.

1. Know Balance from Missed Call

To check your PF money, you have to give a missed call on 011-22901406 from your registered mobile number. After this, you will get the details of PF through the message of EPFO. Here also it is necessary to have your UAN, PAN and Aadhaar linked.

2. Check Balance Online

1. To do online balance check, log on to the EPFO website, click on e-passbook at epfindia.gov.in.
2. Now on clicking on your e-passbook, a new page will come to passbook.epfindia.gov.in.
3. Now here you fill your username (UAN number), password and captcha
4. After filling all the details, you will come to a new page and here you will have to select the member ID.
5. Here you will get your EPF balance on the e-passbook.

3. Balance can also be checked on UMANG App

1. For this, you open your UMANG App (Unified Mobile Application for New-age Governance) and click on EPFO.
2. Now on the other page, click on Employee-centric services.
3. Here you click on ‘View Passbook’. With this, you fill your UAN number and Password (OTP) number.
4. OTP will come on your registered mobile number. After this you can check your PF balance.

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Super FD Plan: 8.1% interest is available on FD of only 44 months, check details rate quickly

Pravesh Maurya — Mon, 23 Jan 2023 11:28:33 +0000

If you want guaranteed income after a certain period by investing your accumulated capital, then Fixed Deposit (FD) can be a good option for you. During the last 9 months, RBI has increased the repo rate at frequent intervals to control inflation.

After this increase, apart from big government and private banks, most of the non-banking finance companies (NBFCs) have also increased their FD rates.

If you also want to invest your money in FD, then Bajaj Finance Ltd has brought a great opportunity for you. Bajaj Finance has increased its FD rates for a time period of 44 months. General customers of Bajaj Finance will now get 7.85% interest on 44-month FDs and 8.1% for senior citizen customers. The increased new interest rates are applicable from January 20.

There may be an increase in FD rates in the future, while still many experts believe that this increase in FD rates is going to continue further. The major reason for this is to increase the report by RBI at frequent intervals to control the rising inflation. Bajaj Finance offers FDs to its customers for 15 months, 18 months, 22 months, 30 months, 39 months and 44 months.

Getting 7.7% interest here

Bajaj Finance, on the other hand, will give 7.4% interest to its senior citizen customers on cumulative FDs of 12 to 14 months. While Bajaj Finance will give 7.55% interest to its customers on 15-month special FD and 7.7% on 22-month special FD. Apart from this, you can also invest in FDs from 12 months to 60 months with Bajaj Finance.

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PPF Investor Big Alert! New update regarding investment in PPF! don’t put money without knowing this

Pravesh Maurya — Mon, 23 Jan 2023 06:05:44 +0000

Public Provident Fund (PPF) is a long-term investment scheme launched by the Government of India. This plan offers good interest rates and allows the policyholder to start the plan with low investment.

Thus, a person can start a PPF account with as little as Rs 500, while the maximum amount that can be invested in it in a financial year is Rs 1.5 lakh. Not only this, the PPF scheme also gives the facility of loan and partial withdrawal to the account holder after a period of time.

Benefits of PPF Scheme

Being a safe plan, PPF account offers many benefits including tax deductions.

1. Eligibility Criteria

PPF account is equally available to all. Any person can open SBI PPF account in his own name. In case of a minor, it can be opened on behalf of the minor child through parents and guardians.

2. Investment limit

As mentioned earlier, the minimum amount that can be invested under this scheme is Rs.500 while the maximum amount is Rs.1.5 lakh per annum. The policyholder can invest by paying a lump sum amount or it can be done in 12 easy installments in a year.

3. Long policy term

The maximum term for a PPF account is 15 years. However, after the maturity of the policy, the policyholder can extend the term of the account for another 5 years

4. Best interest rates

The PPF interest rate is decided by the Central Government every quarter. The current rate of interest is 7.1% per annum, calculated on the minimum balance in the account and reckoned from the 5th day till the end of the month

5. Tax Exemption

SBI PPF accounts allow tax benefits under section 80C of the Income Tax Act. The returns received under this scheme are also tax free.

6. Easy Loan and Withdrawal Facility

The PPF scheme allows easy availability of loans and withdrawals based on the age of the account as well as the balance available in the PPF account.

7. Nominee facility

PPF account is available with nominee facility. Policyholder can nominate one or more person as nominee and also decide how much to pay to different nominees

8. Account Transfer

Another advantage of PPF account is that it allows the policyholder to transfer the account. So, you can transfer your PPF account to any other branch of your bank, to any other post office or to a new bank without any charges.

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Big shock to 40 customers of SBI, the bank has changed this rule, now money is being automatically deducted from the account!

Pravesh Maurya — Fri, 20 Jan 2023 04:35:38 +0000

State Bank Of India Latest News: There is big news for the customers having account in State Bank of India (SBI News). If you also have an account in this government bank and money is automatically being deducted from your account without any transaction, then let us tell you why the bank is deducting this money from your account…?

Rs 147.50 being deducted from the account

These days it is seen that money is automatically being deducted from the account of many customers. Along with this, the message of deduction of Rs 147.50 is coming. In such a situation, many customers have reached the bank after seeing this message.

Every year the bank deducts this money while giving information on behalf of the bank, it has been told that this money is being debited from the customers’ account by SBI. The bank is taking this money as maintenance charge. This money is taken from the bank only once a year. The bank has given information about this by tweeting.

It seems that this money is deducted as 18% GST charge from the bank. At the same time, for the debit card issued by the bank, an annual recovery of Rs 125 is made from the customers. GST at the rate of 18 per cent is added to this, after which this amount becomes Rs 147.50.

Money has to be paid even after changing the card, apart from this, if any customer wants to change his debit card, then he has to pay Rs 300 to the bank and GST charge along with it.

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FREE Flight Booking: Good news! Travel booking for country and abroad will be done without paying a single rupee, passengers will get benefit

Pravesh Maurya — Tue, 17 Jan 2023 10:05:59 +0000

Flight Booking: Some people like to travel a lot. People go for a trip with a lot of planning in advance. At the same time, to travel anywhere, a budget has to be made and walked so that there is no problem of money in the journey.

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.

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PF Interest Deposit: Date Confirm…! PF interest money will be deposited in PF account on this day

Pravesh Maurya — Mon, 16 Jan 2023 11:29:08 +0000

PF Interest Credited: The year 2022 is over and the new year has started but till now interest money has not come on PF. Employees Provident Fund Organization or EPFO (EPFO) customers have been waiting for their PF interest for a long time.

According to media reports, the government can transfer interest money (PF Interest) on PF by the end of January i.e. before the budget. However, no official announcement has been made by the government in this regard.

It is expected in media reports that by the end of January, the government can give interest at the rate of 8.1 percent on EPF deposits. Right now the interest on EPF is almost equal to the interest on bank FD. If you are also waiting for interest on PF account then you can easily check PF balance.

Balance can be checked through SMS

If your UAN is registered with EPFO then you can get information about your latest contribution and PF balance through SMS. For this, you have to send EPFOHO UAN ENG to 7738299899. The last three characters are for the language. If you want information in Hindi, you can send it by writing EPFOHO UAN HIN. This SMS has to be sent from the registered mobile number of UAN.

You can also know the balance of PF through missed call.

You can give a missed call on 011-22901406 from your registered mobile number. After this, a message will be received from EPFO, in which the details of your PF account will be found. This call has to be sent from the registered mobile number of UAN.

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Post Office Super RD Plan: You will get full 8 lakhs in just 5000 rupees, know how?

Pravesh Maurya — Fri, 13 Jan 2023 10:03:57 +0000

Post Office RD: There is good news for those who invest money in Post Office. Even today the best option for investment is the post office. Along with good returns, money back guarantee is also available here. Today we tell you about Post Office RD (Recurring Deposit), through which you can become a millionaire by investing Rs 5,000.

How much interest will be received

At present, you are getting the benefit of interest at the rate of 5.8 percent on the 5-year RD of the post office. You have to invest at least Rs 100 in this scheme. In this, you can also open a single account. Along with this, 3 adults can also get a joint account opened together.

Deposit money in multiple of 10

You have to deposit money in multiples of 10 in this scheme. You have to deposit money in it on time. If you delay in giving its installment or you forget, then you also have to pay late fees.

5000 to be invested

If you deposit Rs 5000 every month in this scheme and you get the benefit of interest at the rate of 5.8 per cent on the scheme. If you invest continuously for 5 years then you will get 3 lakh 48 thousand 480 rupees.

Deposit amount will be 3 lakh

In this, your deposit amount will be Rs 3 lakh. At the same time, you will get a return of about 16 percent on this. According to the rules, you can also extend this scheme for 5 years.

How to get 8 lakh

If you extend this scheme for 5 years, then your RD will be for 10 years. In this you will get 8 lakh 13 thousand 232 rupees on maturity. In this, the total deposit amount will be Rs 6 lakh and on top of that you will get the benefit of interest.

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PF Interest: On this day money will come in the account of crores of people, check the status like this, just do this work quickly

Pravesh Maurya — Tue, 10 Jan 2023 08:28:48 +0000

EPFO: EPFO subscribers have been waiting for their PF interest for a long time. The year 2022 is over and the new year has started but till now the interest money has not come on PF.

If the news coming in the media is to be believed then the government can transfer the interest money on PF by the end of January. If you are also waiting for this interest, then you just have to do this work quickly. So, that you can also know your current balance. When the interest of PF is transferred to your account, then you can know how much interest you have got at the rate of 8.1 percent.

The government will pay this much interest at the end of January

The government will pay interest at the rate of 8.1 percent on Employees’ Provident Fund (EPF) deposits till the end of January. Right now the interest on EPF is almost equal to the interest on bank FD. You can know your today’s PF balance by these four methods. When the interest is transferred, you will know how much interest you have received.

know pf balance through missed call

EPFO has how you can know the balance through a missed call. You can check your balance by giving a missed call from your registered mobile number on the UAN portal. Give a missed call on 011-22901406 from your registered mobile number. After this, PF information will be available through EPFO message. For this, it is necessary to link your bank account number, PAN and Aadhaar with UAN.

You can check balance through SMS

Send EPFO UAN LAN (Language) to 7738299899 from the mobile number registered with EPFO. LAN stands for your language. If you want information in English, then you have to write ENG instead of LAN. Similarly, write HIN for Hindi and TAM for Tamil. To get information in Hindi, you have to message by writing EPFOHO UAN HIN. After sending the message, you will get the balance message from EPFO.

through passbook

To check your balance online one has to visit the EPF Passbook portal. Login to this portal using your UAN and password. In this, click on Download/View Passbook and then the passbook will open in front of you in which you can see the PF balance.

Balance can be known through Umang app

If you have a smartphone, you can also check your EPF balance through the app. For this, open the Umang app and click on EPFO. In this click on Employee Centric Services and then go to View Passbook. Here OTP will come on your phone, enter it after that you can see your PF balance.

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LIC Plan Change: Big news! 11000 rupees will be guaranteed every month, LIC made big changes in this plan

Pravesh Maurya — Mon, 09 Jan 2023 05:05:32 +0000

LIC New Jeevan Shanti Plan No. 858: Life Insurance Corporation of India ( LIC ) has changed the annuity rates for its New Jeevan Shanti Plan (Plan No. 858). Now policyholders will get more annuity under this plan.

However, its benefit will be available only to those policyholders who have taken the plan on or after January 5. LIC also said that the purchase price for the New Jeevan Shanti plan has also been increased. Now policyholders can get an incentive of Rs 3 to Rs 9.75 per purchase price of Rs 1,000. However, the incentive is based on the purchase price and the deferment period chosen . LIC has given information about the change in this plan through a statement.

What is LIC’s New Jeevan Shanti Plan?

After retirement, people’s means of earning often ends, but the expenses of common life keep on increasing. This plan of LIC ensures a source of income for post-retirement life. LIC’s New Jeevan Shanti Scheme ( LIC New Jeevan Shanti Scheme ) is an annuity plan, that is, while taking it, your pension amount will be fixed. In this you will get the facility of pension every month.

There are two options for the plan

This is a single premium plan. You get two types of options in LIC’s New Jeevan Shanti Scheme. Policyholders can choose between Single Life and Joint Life Deferred Annuity. In the first option, you can buy a pension scheme for an individual.

In Deferred Annuity for Single Life when a policyholder dies. The nominee will get the money deposited in his account. If the policyholder survives, he starts getting pension after a certain period of time. In Deferred Annuity for Joint Life, if one person dies, the other gets the facility of pension. At the same time, after the death of both the persons, the money of the policy is given to the nominee .

New Jeevan Shanti Plan offers guaranteed annuity rates at the inception of the policy.

How much money will you get for 10 lakh rupees

The minimum purchase price in this plan is Rs 1.5 lakh. In this, you will get a minimum annuity of Rs 12,000 per year. However, there is no limit for the maximum purchase price.

According to the plan, in case of deferred annuity for single life, you can get a monthly pension of Rs 11,192 by purchasing a policy for Rs 10 lakh. You can get a monthly pension of Rs 10,576 on deferred annuity for joint life. The amount of annuity may vary on a case to case basis. For more information, you can contact LIC’s website.

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Traffic Rules Change: Government issued new order regarding high security number plate

Pravesh Maurya — Thu, 29 Dec 2022 07:55:54 +0000

The year 2022 is about to go and with the onset of the new year, many happiness is also going to come. But if you do not take care of some things, then the very first day of the year is going to be heavy on your pocket.

Actually some rules are going to be changed from January 1, 2023. These are new traffic rules and their notifications have already been issued by the government. Along with the change in the rules, there is something that will save you a lot of money this year.

Although the traffic police in Delhi NCR has already taken strict action regarding traffic rules and it is going to increase with the new year. At the same time, in view of the celebration of the new year, the police has increased the guard a lot.

Let us know how you can save lakhs by taking care of some simple things. High security number plate From January 1, 2023, it is necessary to have high security number plate in the car. If it is not in the car, then your challan of Rs 5,000 can be deducted, as well as the police can also seize your car.

In this regard, the government had already issued a notification and before January 1, it had been said to mandatorily install high security number plates. In such a situation, if your car does not have a high security number plate, then get it installed in these two days only. In view of the drink and drive New Year celebrations, the police in Delhi NCR has tightened up.

There is a provision of challan of 2 to 15 thousand and jail term of 6 months to 2 years on those who drink and drive in the name of celebrating New Year’s party. In such a situation, do celebrate the New Year, but do not drive the car after drinking alcohol, nor let anyone else do it. Even if you have consumed alcohol, book a cab or auto and reach your destination.

This will keep you safe as well as the other person walking on the road. Take advantage of insurance If your insurance is going to end in the coming one month, then this is the right time to renew it. Because IRDAI is considering new rules regarding insurance premium. In such a situation, getting car insurance can prove to be expensive. In such a situation, if you get the insurance done before January 1, it will be cheaper to a great extent. If you are planning to buy a car then this is the right time.

The reason behind this is that due to the end of the year, car companies are offering huge discounts to clear the stock. At the same time, almost all companies are going to increase the prices of their cars from January 2023. In such a situation, this will prove to be the right time for you to buy a car.

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Toll Tax Rules: Nitin Gadkari’s announcement, there will be change in toll tax rules; Money will not be deducted from FASTag

Pravesh Maurya — Wed, 28 Dec 2022 04:08:20 +0000

Nitin Gadkari on Toll Tax: For some time now, the video of Union Transport Minister Nitin Gadkari is becoming increasingly viral. Speaking in the Lok Sabha, Gadkari said that 26 green expressways will be built soon in the country.

He told that new rules will also be issued for toll tax. In the viral video of the Union Minister, information has been given about the changes related to the journey on the highway. These changes made by the Transport Department will affect crores of vehicle drivers.

India will match America in the matter of roads.

He told that after the construction of Green Expressway, the distance from Delhi to Dehradun and Delhi to Haridwar can be covered in two hours. He told that Katra can be reached from Delhi in six hours and Jaipur from Delhi in two and a half hours. After the construction of Green Expressway, India will be equal to America in the matter of roads. The Union Minister also told that with the formation of Green Express, there will be a change in the rules and technology for collecting toll tax.

GPS system will be installed in cars.

Along with the formation of Green Expressway, the government is also considering a new option for the recovery of toll tax in the coming days. In this, under the first option, ‘GPS’ (GPS) system can be installed in cars. In this, toll tax will be charged on the basis of the location obtained from the ‘GPS’ of the car.

As soon as the car is separated from the expressway, the money will be deducted from your bank account according to the kilometer. The second option is related to the modern number plate. Planning is going on for this also. That is, money will not be deducted from fastag in the coming days.

Gadkari also said that at present, if someone does not pay toll tax, then there is no provision for any kind of punishment in it. But in the coming days, preparations are on to bring a bill on this also. After this, if someone hesitates to pay toll tax, then legal action can be taken against him.

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PF Interest Credited ! Good News: Employees will get Rs, 40,000 interest in PF account, know its full details

Pravesh Maurya — Tue, 20 Dec 2022 12:04:02 +0000

PF Interest: Employees’ Provident Fund Organization (EPFO) is going to give a good news to its PF account holders soon. Let us tell you that soon the employees can get 40 thousand rupees in their account. The PF account holder who has Rs 5 lakh deposited in his account is expected to get an interest of Rs 40 thousand in his account. The information about whether the money has come in the account or not can be taken sitting at home.

Money can be transferred to the account soon:

Most of the employees of the country have their own PF account in which they contribute every month. If your PF money is deducted from your salary, then soon a large amount can be transferred to your account. At present, the PF account of more than 6 crore employees is present across the country.

Who will get this benefit:

Employees’ Provident Fund Organization (EPFO) KK will transfer PF interest money to the employees’ account very soon. In such a situation, those employees whose PF account has Rs 5 lakh deposited, they can get 40 thousand rupees as interest. According to media reports, the interest amount will be transferred to the PF account soon.

Check PF account balance sitting at home:

To check the balance of PF account, you have to visit the website epfindia.gov.in.
Then click on the option ‘Click here to know your EPF balance’.
After this, through the redirect link, you have to go to the page of epfoservices.in/epfo/.
– There you have to click on the option of ‘member balance information’.
Then the PF account number and registered mobile number have to be entered there.
After this, after selecting your state, you have to click on the website link of your state’s EPFO office.
Finally, click on the option of ‘Submit’.
After completing this process, you will be able to see your PF account balance on the screen.

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New Pension Plans: Good News! Regular income after retirement, money will not be a problem even in old age, Check details

Pravesh Maurya — Sat, 17 Dec 2022 11:28:49 +0000

Due to the decrease in the number of pension fund subscribers, people are less interested in the retirement planning scheme. Talking about the current demographic shift, a large part of the total population of the country is still not under the pension scheme cover.

Pension scheme is a kind of financial planning that helps the planholder to maintain cash flow after retirement to meet the day-to-day needs. Government schemes like National Pension Scheme (NPS) as a retirement planning product have helped people a lot. Any worker and small businessman can take advantage of this scheme.

In today’s time, people need to be encouraged to join such plans and invest in them before retirement for future financial security. By doing this the pension market in India can be strengthened. Due to the decrease in the number of pension fund subscribers, people are less interested in the retirement planning scheme. Talking about the current demographic shift, a large part of the total population of the country is still not under the pension scheme cover.

In today’s time, people need to be encouraged to join such plans and invest in them before retirement for future financial security. By doing this the pension market in India can be strengthened.accAt present, life insurance companies are offering many such pension and retirement plans which help people to save and invest smartly. By doing this, they can prepare to meet their post-retirement needs.

These schemes are designed in such a way that they can guarantee income after retirement. There are many types of retirement plans to meet the investment, tax exemption benefits and security targets. This plan is capable of maintaining a financially secure future. There are many categories of these investment plans based on the risk appetite. There is an option to modify the investment plan as per your choice and risk appetite.

People, their financial and economic status keep changing with time. In such a situation, long-term pension scheme can be easily changed. Another advantage is that along with pension, the benefit of insurance is also available. In case of any kind of accident with the retirement planholder, the family of the person taking the cover and his dependent relatives will also be financially protected.

Along with this, the retirement planholder gets the benefit of annuity. Annuity is a kind of contract between the insurance company and the retirement planholder. Due to which the planholder gets the benefit of regular income after retirement.

There are also some retirement and pension plans in which the subscriber is also given the opportunity to leave behind the legacy amount for his family members. There is the dual benefit of an investment plan with insurance which is quite flexible. This investment plan is such that it allows you to save a large amount without managing it.

Personally speaking, investing in retirement planning is very easy. One should subscribe to this plan in the early stages of the career and start investing for it. From the economic point of view, this will strengthen the pension sector. Fund management can be done while maintaining the financial stability of both the country and its citizens.

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Employee’s Pension Scheme: Pension limit can be Rs 25000! One decision will increase your money up to 333%

Pravesh Maurya — Wed, 30 Nov 2022 07:05:46 +0000

Employee’s Pension Scheme: Private Sector Employees can get relief soon. With one decision, the pension (Pension, EPS) of lakhs of employees contributing to the Employees’ Provident Fund (EPF) can increase by up to 333% in one stroke.

The Employees’ Provident Fund Organization (EPFO) has fixed the maximum salary of Rs 15,000 (Basic Salary) for the Employees’ Pension Scheme. Meaning, even if your salary is more than 15 thousand rupees a month, but your pension will be calculated only on a maximum salary of 15 thousand rupees. EPFO is in the process of abolishing this salary limit. Sources say that the calculation of Employees’ Pension Scheme will be done on the last salary i.e. high salary bracket. With this decision, the employees will get many times more pension.

Let us tell you, to get pension, it is necessary to contribute to Employees Provident Fund (EPF) for 10 years. Whereas, after completing 20 years of service, a weightage of 2 years is given. If a decision is taken to remove the limit, then how much difference will it make, let us understand…

How will the pension be calculated?

According to the current system, if an employee is doing a job from June 1, 2015, and if he wants to take pension after completing 14 years of service, then his pension would be calculated at Rs 15,000 only, even if he earns Rs 20,000. Be it in the basic salary bracket or 30 thousand rupees. According to the old formula, the employee will get a pension of about Rs 3000 from June 2, 2030, on completion of 14 years. The formula for calculating pension is – (Service History x 15,000/70). But, if the Supreme Court decides in favor of the employees, then the pension of the same employee will increase.

Example No. 1

Suppose the salary (Basic Salary + DA) of an employee is at 20 thousand rupees. Calculating from the pension formula, his pension will be Rs.4000 (20,000X14)/70 = Rs.4000. Similarly, the higher the salary, the more he will get the benefit of pension. There can be a 300 percent jump in the pension of such people.

Example No. 2

Suppose an employee has a job of 33 years. His last basic salary is 50 thousand rupees. Under the existing system, the pension would have been calculated only on a maximum salary of Rs 15,000. In this way (formula: 33 years + 2 = 35/70×15,000) the pension would have been Rs 7,500 only. This is the maximum pension in the current system. But, if the pension ceiling is removed and the pension is added according to the last salary, they will get a pension of Rs 25,000 thousand. Means (33 years+2= 35/70×50,000= Rs 25000).

Pension will increase up to 333%!

Explain that according to the rules of EPFO, if an employee contributes to EPF continuously while working for 20 years or more, then two more years are added to his service period. In this way he completed 33 years of service, but the pension was calculated for 35 years. In such a situation, the salary of that employee can increase up to 333 percent.

What is the whole matter?

The Employees’ Pension Amendment Scheme, 2014 was implemented by the Central Government by issuing notification from 1st September 2014. This was opposed by the private sector employees and in the year 2018 it was heard in the Kerala High Court. All these employees were covered by the facilities of EPF and Miscellaneous Provisions Act, 1952.

The employees protested against the rules of EPFO, saying that this ensures less pension to them. Because even if the salary is more than 15 thousand, but the calculation of pension has been fixed on the maximum salary of 15 thousand rupees. However, before the amendment made by the Central Government on September 1, 2014, this amount was Rs 6,500. Considering the rules of EPFO as unjustified, the Kerala High Court approved the writ of the employees and gave its verdict. On this, EPFO filed an SLP in the Supreme Court, which was rejected by the Supreme Court.

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EPFO: Preparation for change in pension scheme, will get more money on retirement

Pravesh Maurya — Mon, 28 Nov 2022 08:28:38 +0000

An expert committee will be constituted soon to increase the salary limit. The committee will decide the limit according to inflation. After this the minimum wage limit will be increased.

The government may soon increase the salary limit of the pension scheme of the Employees’ Provident Fund Organization (EPFO). This will increase the mandatory contribution of employees and companies. Also, it will help the employees to save more for their retirement funds.

Currently, the salary limit for the Employees’ Provident Fund (EPF) scheme of EPFO is Rs 15,000 per month. This can be increased to Rs 21,000. If this happens, 75 lakh more employees will come under the ambit of EPFO. Now their number is 6.8 crore. The salary cap was last raised in 2014 from Rs 6,500 per month. PF has to be deducted in those companies where 20 or more employees work.

Committee will be formed soon An expert committee will be formed soon to increase the salary limit. The committee will decide the limit according to inflation. After this the minimum wage limit will be increased.

This is how the contribution will increase after the amendment . At present, the monthly salary of Rs 15,000 is Rs 1,800 at the rate of 12%. If the salary limit is raised to Rs 21,000, the PF contribution at 12% will increase to Rs 2,520. This will increase the retirement fund.

The post EPFO: Preparation for change in pension scheme, will get more money on retirement first appeared on Rightsofemployees.com.

EPFO Account Holder Good News: Up to 81,000 rupees may come in the account of EPFO subscribers, here’s latest update

Pravesh Maurya — Sat, 26 Nov 2022 10:00:03 +0000

When will the money be transferred?

The calculation of interest is quite simple

1. Know Balance from Missed Call

2. Check Balance Online

3. Balance can also be checked on UMANG App

The post EPFO Account Holder Good News: Up to 81,000 rupees may come in the account of EPFO subscribers, here’s latest update first appeared on Rightsofemployees.com.

Good News ! Government brought new plan for senior citizens, In this scheme, your money will double in 113 months.

Pravesh Maurya — Tue, 22 Nov 2022 11:05:28 +0000

Senior Citizen Saving Scheme (SCSS) is specially for those people whose age is more than 60 years. It has been prepared with the objective of providing regular income to senior citizens after retirement.

The interest rate of Senior Citizen Saving Scheme ie SCSS is 7.6 percent. In this scheme lump sum money is deposited. A minimum of Rs 1000 and a maximum of Rs 15 lakh can be invested. In this scheme, your money will double in nine and a half years i.e. 113 months. The maturity of this account is completed in 5 years. Interest is paid every quarter in this scheme.

The amount matures after 5 years

A minimum of Rs 1000 and a maximum of Rs 15 lakh can be deposited in this account. The amount is deposited in multiples of 1000 in the scheme. The deposit amount matures after 5 years from the date of opening of the account. If the depositor wishes, he can extend the term of the account for three years after the maturity of the deposit. But this extension option is available only once. Interest is payable on the deposit amount on quarterly basis. Presently the interest is 7.40% per annum which is effective from 01 April 2020. This rate will remain till 30 September. The rate is reviewed on March 31, June 30, September 30 and December 31.

Who can take advantage of this scheme

Those senior citizens whose age is more than 60 years.
People who have taken VRS between the age of 55 to 60 years can also take advantage of it.
Retired defense personnel up to the age of 50 years.

Benefits of this scheme

Senior Citizen Savings Scheme is a small savings scheme backed by the Government of India, hence it is considered one of the reliable and safe options.
The interest rate of 7.40% per annum is much better than investments like FDs and savings accounts.
This account can be transferred anywhere in India.
Under Section 80C of the Income Tax Act, you can claim tax exemption of Rs 1.5 lakh per year by investing in this scheme.
Interest is paid every three months under this scheme. Interest is credited to your account on the first day of every April, July, October and January.

Account opening process

To open this account in post office or public / private banks, you will have to fill a form, as well as submit this form along with two passport size photographs, identity proof and copies of other KYC documents. The advantage of opening an account with a bank is that the deposit interest can be directly credited to the savings bank account of the depositor with the bank branch. Account statements are sent to the depositors through post or email.

The post Good News ! Government brought new plan for senior citizens, In this scheme, your money will double in 113 months. first appeared on Rightsofemployees.com.

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Step 2

Step 3

Step 4

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Step 1