The Employee Provident Fund Organisation (EPFO) has extended the deadline for activating Universal Account Numbers (UAN) and linking Aadhaar with bank accounts to January 15, 2025. This is mandatory to avail of benefits under the Employment Linked Incentive (ELI) Scheme. Initially set for November 30, 2024, the deadline was extended twice before the latest announcement. …
When purchasing property, it’s easy to focus on the listed price and forget about the additional costs that quickly add up. From stamp duties to registration fees, not to mention legal and administrative expenses, these hidden costs can increase the total cost of your property by as much as 12%. Understanding and budgeting for these …
Unified Payments Interface (UPI) has emerged as the most popular mode of payment for a variety of transactions, from shopping and paying taxes to loan EMIs. Throughout 2024, UPI added several new features to further simplify payments, broaden its global reach, and enhance user experience. As we step into 2025, these new UPI updates are …
The RBI (Reserve Bank of India) has updated the rules for fixed deposits (FDs) with NBFCs (Non-Banking Financial Companies) and HFCs (Housing Finance Companies), effective January 1. These changes simplify premature withdrawal options and enhance communication between financial institutions and depositors. Full Withdrawal for Small Deposits Deposits of up to ₹10,000 can now be fully …
Goa Chief Minister Pramod Sawant introduced the ‘Bima Sakhi Yojana’ in the state on Tuesday, aiming to provide “insurance for all.” Goa becomes the second state, after Haryana, to implement this initiative envisioned by Prime Minister Narendra Modi. Eligibility and Training The Bima Sakhi Yojana, launched by Life Insurance Corporation of India (LIC), targets women …
As per the Deloitte India report, Home loan borrowers and industry experts have expectations from the Union Budget 2025-26, hoping that Finance Minister Nirmala Sitharaman will address their long-standing demands for increased tax benefits. Despite the government’s focus on promoting the new minimal exemption tax regime, stakeholders are advocating for reforms to make homeownership more …
The Odisha government has introduced significant reforms to improve social welfare, renewable energy adoption, and administrative efficiency. These initiatives, announced by Chief Secretary Manoj Ahuja and Chief Minister Mohan Charan Majhi, aim to uplift vulnerable populations and promote sustainable development. Enhanced Social Security and Women-Centric Schemes Chief Minister Mohan Charan Majhi approved the enhancement of …
Union Labour Minister Mansukh Mandaviya has announced that the Employees Provident Fund Organisation (EPFO) will launch an upgraded version of its software, named EPFO 3.0, by June 2025. The new system will offer enhanced efficiency, comparable to banking systems, and will feature a more user-friendly website interface. ATM Cards for EPFO Members Along with the …
Retirement planning is crucial at every stage of life, and starting early offers significant advantages. For someone aged 40, retirement might seem distant, but beginning now can ensure a secure and stress-free financial future. This article explores how much a 40-year-old needs to save for retirement at different expense levels, using examples and a retirement …
According to the Ministry of Agriculture, the Government of India has disbursed over ₹3.46 lakh crore in 18 instalments since the scheme’s inception. The scheme originally operated on a trust-based system, where beneficiaries were registered by the states through self-certification. Aadhaar seeding was initially relaxed for some states. However, to address issues related to ineligible …
