A savings scheme with maturity of 15 years, PPF provides the benefit of compounding over a long period. It also offers EEE or ‘exempt, exempt, exempt’ advantage in terms of tax advantage, meaning subscribers get deduction benefit up to ₹1.5…
Savings Interest Rates – Hiked
Saving Schemes are launched by the Government of India or public sector financial institutions or Banks. They vary in their interest rates, investment horizons and tax treatments. A saving scheme financially prepares us for unforeseen personal and medical emergencies. It…
Should you hike VPF contribution?
Employees’ Provident Fund Organisation (EPFO), has decided to give an interest rate of 8.65% to six crore EPFO members on their EPF deposit for the current financial year FY19 as against 8.55% for the previous financial year. The interest income…
EPF Rate hiked to 8.65%
Employees’ Provident Fund Organisation has increased Central Board of Trustees decides to hike the rate by 10 basis points the interest rate on employee’s provident fund (EPF) i.e to 8.65 per cent for the current financial year (2018-19). The increase…
Money saving tips – 2019
Use the following money-saving tips to generate ideas about the best ways to save money in your day-to-day life. Debt Reduction If you’re trying to save money through budgeting but still carrying a large debt burden, start with the debt….
Christmas and Finance – How to get MORE Goodies from Santa!
If the festive season usually leaves you out of pocket and feeling like you spent more time and money. Here are 5 ways to plan a fun Christmas: Eliminate credit card debt If you use a credit card, try to…
PPF vs GPF vs EPF
Public Provident Fund – PPF The PPF, or public provident fund, is one of the most popular investment options for tax savings and accumulating long-term wealth. PPF, a 15-year investment scheme, can be extended in blocks of five years. It…
How to link EPF accounts with UAN number?
A Universal Account Number (UAN) will be generated for each of the PF contributing members during the period 01/01/2014 to 30/06/2014 by EPFO. The UAN will act as an umbrella for the multiple Member Ids allotted to an individual by…
Provident Fund- Withdrawal
PF or EPF is also called the Employee Provident Fund Scheme. It is one where the employees contribute a small portion of their remuneration i.e. 12% of their basic pay every month. A matching amount is contributed by the employer….
Employee Provident Fund- Transfer
The EPFO or Employees’ Provident Fund Organization has introduced an online system to facilitate transfer claims and withdrawals by its members. Using this system, an employee can transfer his or her provident fund (EPF) balance with the previous employer to…