Category: Finance
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EPFO has declared Aadhaar seeding compulsory; here’s how to connect online
The Employees’ Provident Fund Organisation (EPFO) has started the Aadhaar seeding obligatory for all EPF accounts in its information to employers. Failure to do so would result in the employers’ contribution to the EPF account being halted since they would be unable to file Electronic Challan cum Return (ECR) for EPF accounts that are not…
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Housing Pricing Index launched to help homebuyers make informed investment decisions.
Data collected for this purpose include information on price per square foot, quantity, and the total value of transactions in the previous three months for various sub-localities within each city. Online real estate portal Housing.com along with the international business school, Indian School of Business (ISB), on May 31, 2021, declared the launch of its…
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Govt Banks Will Give Instant, Unsecured Loans For Covid-19 Treatment; SBI Interest 8%?
In order to provide financial aid and relief to individuals undergoing Covid-19 treatments for their family members, the public sector banks (PSBs) will provide ‘off-the-shelf’ unsecured personal loans of upto Rs 5 lakh for Covid treatment. In addition to this, business loans will also be extended to healthcare units, in order to provide a push…
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Victims of Covid-19 Eligible For Rs 2 Lakh Insurance Under This PM Health Scheme
With the accelerating number of Covid-19 incidents across the country, the death rate is growing manifold too. Several are losing their parents, grandparents, and some even children to the second wave of the dangerous pandemic. Amid daily report of families losing their breadwinners, the government-backed Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) can be recognized…
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Government Banks (PSU Bank’s) Reduce Frauds By 34%
Various government sector banks have managed to put their processes in order following the multi-billion dollar Punjab National Bank scam. All these PSU Banks have determined to learn a lesson. More than double the overall 15% decline in scams in the banking operation, for fiscal 2020-21, the number of scams in PSBS declined 34%. Also,…
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Banks In This Nation Will Offer Credit Cards Without Credit Score! How Will It Work Out?
Those without a credit rating in the US can now obtain credit cards from major issuers, something that was once out of reach for them in the past. Significance Of Credit And Beneficiaries There are over 50 million Americans who do not have a credit score so when they need a deposit their only option…
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New SBI Cash Withdrawal Rules: Pay Rs 15 Plus GST For Withdrawing Cash After 4 Free Usage
The State Bank of India (SBI) has changed rules and regulations for cash withdrawals from its branches and ATMs, chequebook charges, transfer, and non-financial transactions. The SBI has released a statement announcing that the new rules and regulations for the basic savings account holders will come into effect from July 1, 2021. State Bank Of…
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77% Indians Forced To Take Personal Loans For Daily Expenses; Medical Expenses #1 Reason
According to a survey conducted by NIRA, 77% of people are dependent on personal loans to meet daily expenses. The survey, titled ‘Understanding the Financial Challenges of Working India’, was carried out by NIRA which is an Indian consumer finance firm which provides mini loans to low income individuals. Why Indians Need Personal Loans The…
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New Cryptocurrencies That Are Also Among The Most Tracked By Investors
With the prices of the biggest cryptocurrency of them all, Bitcoin, falling dramatically in the past few weeks, the investors and traders have been looking at other emerging players in the market.
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Not Able To Pay Home Loan EMI? 6 Things You Can Do, 1 Thing You Should Avoid
The ongoing pandemic has resulted in an increase in unemployment and become a matter of concern since the businesses are shutting down and offices laying off their workers to offload their growing operational expenses. This situation left many people in a tizzy, especially those with home loans before the pandemic. The non-payment of the equated…