According to a report by CNBC-Awaaz, the Employees Provident Fund Organization (EPFO) is going to make radical changes in the PM account withdrawal process. EPFO ​​will provide an ATM card to the PF holder just like banks. Money can be withdrawn with the help of this ATM. That means there will be no hassle of filling forms and no need to visit the office. The government is also considering abolishing the limit of PF contribution and increasing the PF limit under EPFO ​​3.0 version.

This facility will not be available at all ATMs. Under this facility, EPFO ​​will tie up with select banks. These ATM cards can be used only in those ATMs with which EPFO ​​has an agreement. This scheme can be implemented by May-June 2025. This new facility will be a big relief for PF account holders, allowing them to easily access their funds and also improve their pension. Currently, EPF members have to wait for 7 to 10 days to transfer the withdrawal amount to their bank account linked to the EPF account. This happens after completing all the withdrawal formalities and submitting the required documents to the EPFO.

Preparations are also being made to change the pension scheme

The government is also planning to remove the current limit of 12% of employee contribution in PF. Now employees will be able to contribute more as per their wish, which will also increase their pension. The money for higher contribution will go to EPS (Employees Pension Scheme), which will provide more pension in future.

There is also a consideration on increasing the salary limit. Currently, the wage ceiling for PF is Rs 15,000, which is being considered to be increased. Employees earning more than this salary will also get the benefit of this scheme. Along with this, the government is also planning to implement PAN 2.0. Now the new PAN card will come directly on the e-mail, which will make the process of making PAN fast and simple.

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According to the information shared by India Post on the social media platform X, the postal department has also started providing services related to Aadhaar card keeping in mind the public convenience. Now people can go to the nearest post office and get their Aadhaar card updated. The fee for this will also be the same as that of the Aadhaar center.

What are the facilities available in the post office?

The Government of India has started the services of Aadhaar enrolment and updation in post offices through the Department of Posts. According to the official website of the Department of Posts, mainly two types of services are being provided in the Aadhaar centres of the post office.

क्या आपका #आधार अप-टू-डेट है?
नहीं? तो फिर देर किस बात की?
अपने नज़दीकी डाकघर जाएँ
आसानी से अपडेट करवाएँ
और निश्चिंत हो जाएँ!

अपनों को भी याद दिलाएँ, साथ मिलकर सुविधा पाएँ!#DakSewaJanSewa #IndiaPost #AadharUpdation pic.twitter.com/DKHHWt3Jj1

— India Post (@IndiaPostOffice) October 17, 2024

• Aadhaar Enrolment- The enrolment process involves electronic capture of biometric information of people. It is completely free.
• Aadhaar Update – Under this, people can update name, email ID, mobile number, address, date of birth, biometric update, photo, 10 fingerprints and iris.

How to find the address of your Aadhaar update centre

According to India Post, 13,352 Aadhaar enrolment cum update centres have been set up across India to provide Aadhaar related services to the people. You can visit the India Post website https://www.indiapost.gov.in/ to see in which post offices this facility is available.

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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.

The post New facility started for those investing money in share market first appeared on Rightsofemployees.com.

With the addition of UPI facility, passengers can now use mobile applications to make direct payments for smart card recharge and Metro QR ticket purchases at stations across the Delhi-NCR network. 

TVM facility started in 2018 

According to a DMRC statement, DMRC was the first metro system in the country to initially introduce this UPI facility on select Ticket Vending Machines (TVMs) on the Noida and Ghaziabad sections in 2018. Now it is being extended to the rest of the network. TVM has already been upgraded at more than 125 stations in the Metro network. This facility is helpful in improving and speeding up ticketing services. In addition it provides a secure way of booking. 

How to get token from Ticket Vending Machine (TVM) using UPI 

• First select the service you want to use on the Ticket Vending Machine (TVM)
• Ticket Vending Machine offers multiple modes of payment, one of which is UPI
• Now a QR code will appear on the screen of the ticket vending machine
• After this you can scan it and pay

Use of UPI at Customer Care Center 

Passengers can tell the operator that they want to pay through UPI in the payment options menu at the Customer Service Centre. Now after UPI is confirmed as the preferred method, the PID screen will show a QR code. You can then pay using the smartphone and take the token. 

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From Monday 20 March, Vande Bharat Express has started running equipped with world class facilities. Delhi Varanasi Vande Bharat Express is going to run for 6 days in a week except Thursday.

Delhi Varanasi Vande Bharat Express has become the first train of Delhi Howrah route whose coach speed is going to be 180 kmph. Due to non-covering of the railway track, at present the maximum speed of New Delhi-Varanasi Vande Bharat Express will remain 130 km.

Indian Railway officials have said that the preparations for the operation of the new Vande Bharat Express have been completed. From operations, signaling to carriage and wagon department is ready for the new vande bharat train.

After 3 months the speed of Varanasi Vande Bharat Express train will be 160 km per hour. From the month of June this year, Vande Bharat train will complete the journey from Delhi to Kanpur in 3.30 hours. With this, the distance from Kanpur to Prayagraj will be covered in two and a half hours. At present it takes 248 minutes to reach Kanpur from Delhi.

Officials of Indian Railways have said that the Vande Bharat Express train running with new coaches on the Delhi-Howrah route is the first train with a maximum speed of 180 kmph. In Vande Bharat Train it has been made more convenient along with the safety of the passengers. Railway is working on increasing the speed of Vande Bharat train.

Vande Bharat train is going to run soon between Delhi to Rajasthan’s capital Jaipur. The operation of Delhi to Jaipur Vande Bharat trains is going to start soon. The first rake of the Vande Bharat train can reach Jaipur by March 25, after which the trial run of the Vande Bharat train will take place. Regular operation of Delhi-Jaipur Vande Bharat Train is likely to start in April.

Till now 10 Vande Bharat Express are running in the country. New Delhi-Varanasi, New Delhi-Mata Vaishno Devi Katra, Gandhinagar and Mumbai, New Delhi to Amb Andaura in Himachal Pradesh, Chennai-Mysuru, Nagpur-Bilaspur, Howrah-New Jalpaiguri, Secunderabad-Visakhapatnam, Mumbai-Sainagar Shirdi and Mumbai- Vande Bharat trains are currently running on the Solapur route.

New features of Varanasi Vande Bharat

1. High efficiency compressor fitted with UV lamp for pollution free air
2. Four cameras instead of platform side two in Vande Bharat coach, every outside activity will be captured
3. There will be no darkness in the coach if the lighting system fails, four emergency lights are on
4. The information system inside the coach will be 32 inches instead of 24.
5. There will be four emergency windows in each coach, which were only two earlier.
6. Kavach means collision protection system has been installed in the new rake.
7. Seat numbers written in Braille on seat handles for visually impaired passengers

The post Vande Bharat Express will reach Kanpur from Delhi in 3.5 hours, new facility started from today first appeared on Rightsofemployees.com.

Now the Railways has announced to increase the number of these automatic ticket vending machines. With the installation of more Automatic Ticket Vending Machines at many railway stations of the country , passengers will get tickets easily and they will get rid of the hassle of buying tickets in long queues. This will save people’s time as well as reduce the crowd at the ticket counter.

Tickets are easily available

Southern Railway Division has decided to install 254 additional ATVMs at various railway stations. Southern Railway has decided to install 254 automatic ticket vending machines in a total of 6 divisions. Passengers can extract tickets within minutes from ATVMs machines available at railway stations. The special thing is that unreserved tickets for all trains including super fast and mail express can be extracted from these machines. Apart from this, platform ticket can also be taken.

How does this machine work?

The ticket vending machines installed at railway stations also work exactly like bank ATMs. Tickets for travel can be obtained from ticket vending machines in the same way as you withdraw money from an ATM. Write the name of the city you want to travel through this machine and select it. Then select the category of train you want to travel by (such as superfast, mail express or passenger etc.), then pay by cash, smart card or UPI. After this the machine ticket will be printed and come out.

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According to a notification of the Department of Posts, the competent authority has decided to start the e-passbook facility. 12.10.2022 National (Small) Savings Scheme to provide simplified and improved digital facilities to the account holders.

With the introduction of this facility, post office small savings customers will be able to access account details anytime, anywhere without the need for net banking or mobile banking access. The account holder can use the e-passbook facility through the registered mobile number. The notification states that this service will be available free of cost.

Facilities available under e-Passbook

• In this option, the user can view the balance balance of all National Savings Scheme accounts.
• The mini statement will be available for PO Savings Account (POSA), Sukanya Samriddhi Account (SSA) and Public Provident Fund Account (PPF) and will be extended to other schemes in a phased manner. The transaction will be displayed and the mini statement can be downloaded in PDF format.
• Full details will be made available in a phased manner. The customer will be able to generate the account statement for the specified date range.
• How to check PPF, Sukanya Samriddhi account balance
• Click on the e-passbook link given on www.indiapost.gov.in or www.ippbonline.com.
• Enter Mobile Number and Captcha) Login) Enter OTP) Submit

Select e-passbook

• Choose plan type
• Enter Account Number, Registered Mobile Number and Captcha.
• Continue and Enter OTP
• Please attest it
• Choose Option
• balance inquiry
• mini statement
• full description
• Balance or mini statement or full statement will be displayed depending on the service chosen by the customer.
• Mini statement and full statement can also be downloaded.
• If the mobile number entered is not linked with the account, the system will give the appropriate error message.
• In such cases account holders are requested to link the mobile number with their account by visiting the post office where the account is maintained.

The post Post office Account: Good News! Post office started new facility for low investment, it will be beneficial first appeared on Rightsofemployees.com.