The Centralized Pension Payment System (CPPS), under the Employees’ Provident Fund Organization (EPFO), has been successfully implemented across India, achieving 100% success. This initiative aims to simplify pension payments for the country’s pensioners under the Employees’ Pension Scheme, 1995. Milestone Achievement: Successful Payment to Over 68 Lakh Pensioners In December 2024, a historic achievement was … Read more
In the first full budget of the Modi Government 3.0, several significant announcements were made, covering a wide range of sectors from income tax to rural development. One of the major highlights came from Finance Minister Nirmala Sitharaman, who discussed the expansion of India Post and India Post Payment Bank. Expansion of India Post and … Read more
Edelweiss Mutual Fund has introduced the Edelweiss Consumption Fund, an open-ended equity scheme focused on the consumption sector. The New Fund Offer (NFO) will be open for subscriptions from January 31 to February 14. Fund Objective and Strategy The primary goal of the fund is to generate long-term capital growth by investing mainly in equity … Read more
If you’re a Paytm user, this information will be helpful. UPI (Unified Payments Interface) has changed the way people make payments in India. It’s a fast, easy, and secure method for transferring money, paying bills, and making purchases. Using apps like Paytm, you can create a UPI ID to quickly send money and handle various … Read more
Motilal Oswal Mutual Fund (MOMF) has introduced its new fund offer (NFO) called the Motilal Oswal Innovation Opportunities Fund. This is an open-ended equity scheme focused on the theme of innovation. The NFO will be available from January 29, 2025, to February 12, 2025. The goal of this fund is to achieve long-term capital appreciation, … Read more
Kotak Mutual Fund has introduced the Kotak BSE Sensex Index Fund, an open-ended scheme that aims to replicate or track the BSE Sensex index. This new fund offer (NFO) will open for subscription on January 27 and close on February 10, 2025. Afterward, the scheme will reopen for continued sale and repurchase starting February 17, … Read more
IDFC First Bank has introduced a new UPI-enabled RuPay Credit Card called FIRST EA₹N.This card is the result of the bank’s partnership with RuPay and is backed by a Fixed Deposit (FD). It allows users to access instant online services and offers cashback on UPI payments, making it an attractive option for many. This new … Read more
Starting January 1, 2025, the Reserve Bank of India (RBI) has implemented new rules for Fixed Deposits (FDs). These regulations apply to non-banking financial companies (NBFCs) and nano finance companies, aiming to make the FD process more secure and convenient for depositors, especially for premature withdrawals. Key Features of the New FD Rules Easier Premature … Read more
The rules for Tax Deduction at Source (TDS) on pension for the financial year 2024-25 and assessment year 2025-26 came into effect on April 1, 2024. These changes aim to simplify the tax system and provide more benefits to pensioners. The updates include a higher standard deduction limit and increased exemptions on family pension. What … Read more
If you are a salaried employee and have a PF deduction every month, this update is important for you. The process of transferring your PF account has been made simpler by EPFO (Employees’ Provident Fund Organisation). As per the latest circular from EPFO, if you change jobs in certain situations, you won’t need to fill … Read more
In this section, we will go over how to recharge FASTag in just 2 minutes. You must have FASTag installed in your vehicle if you own a personal or commercial four-wheeler. Because FASTag is now required in toll plazas. To travel through the toll plaza without incident, you must keep your FASTag charged at all … Read more