The FinTech Hub
Source: Live Mint PF new rule: Your Provident Fund (PF) contributions may earn a stable interest soon as the government is considering creating an interest stabilisation reserve fund for the Employees’ Provident Fund Organisation (EPFO). According to a report by The Economic Times quoting officials in the know of the matter, over 65 million EPFO…
Source: Live Mint Employees’ Provident Fund Organisation (EPFO) has launched a new feature for its members as employees can now change personal details like their name and date of birth online without any verification from their employer or approval from the EPFO, reported the news agency PTI on Saturday, January 18. The EPFO members who…
Source: Live Mint 3 key EPFO rule changes coming in 2025: The Employees’ Provident Fund Organization (EPFO) has made significant announcements regarding its rules and regulations affecting millions of subscribers. These new retirement fund policies will benefit employees in the public and private sectors. 1)EPFO and ESIC subscribers may soon use claim amounts via e-wallets…
Source: Live Mint The Employees Provident Fund Organisation (EPFO) has extended the deadline for UAN activation and seeding of bank accounts to Aadhaar to avail the benefits under the ELI (Employment Linked Incentive) scheme to January 15. The earlier deadline for this was December 15 and the provident fund body has now issued a circular…
Source: Live Mint EPFO has extended the deadline for UAN activation and seeding bank accounts with Aadhaar for availing the benefits under ELI scheme till Dec 15. Earlier the deadline was Nov 30. In the latest circular dated December 4, Employees Provident Fund Organisation has issued directions to all employers that the earlier circular stands modified….
Source: Live Mint In 2023-24, the Employees’ Provident Fund Organisation rejected 8.7 million applications from individuals seeking to withdraw money from their EPF accounts. Read Full Article
Source: Live Mint Some people like to keep the money in their Employees’ Provident Fund untouched even after retiring to let it continue to accrue interest. However, certain rules come into play with this, involving taxes, the interest accrual period, and the duration for which the funds can remain unclaimed. Here’s how it all works….
Source: Live Mint Are you looking to invest in a safe financial instrument for a long term investment? Besides fixed deposit (FD), bonds or debt mutual funds, one can invest in a post office small savings scheme. Among all these options, one of the popular small savings scheme is public provident fund (PPF). Investment in…
Source: Live Mint If you are an EPF (Employees Provident Fund) subscriber and keen to check the account balance and/or the last contribution made, the process is super easy. You need to only give a missed call. The only condition is that the member’s mobile number must already be registered on the UAN portal. So,…
Source: Live Mint Nitin Sawant, founder of NS Wealth, a Sebi-registered investment advisory firm, secured final approval from the Reserve Bank of India (RBI) on 28 October to launch an account aggregator (AA) platform under his new venture, OMS Fintech Account Aggregator. This initiative aims to provide a consumer-focused AA service. Sawant, who began his…
