Retirement fund body EPFO today lowered the rate of interest on employees provident fund to 8.55 per cent for its over 6-crore subscribers for 2017-18.
For close to seven months, the RBI does not have a full-time deputy governor (DG) handling the supervision of banks, both state-run and private.
The Central Bureau of Investigation (CBI) arrested three more employees of the Punjab National Bank or PNB on Monday over the Rs. 11,400 crore loan fraud case.
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Indian Railways, which has the largest network in the world, plans to save money by doing away with reservation charts on all trains.
The government clarified that no change in interest rate or tax policy on small savings schemes, which includes PPF and NSCs.
The proposal of long-term capital gains tax will not have much impact on the National Pension Scheme (NPS), a top Pension Fund Regulatory and Development Authority (PFRDA) official has said.
The EPFO has also captured the date of birth inaccurately for several users, showing the members were either over 100 years old or less than 18 years.
WhatsApp payments, with its large numbers and intuitive user interface, promises to disrupt India’s digital payments ecosystem all over again.
Currently, the Employees Provident Fund Organisation (EPFO) invests 15% of contributions in equities and the rest in debt.
While the Prasar Bharati Act states that ‘member personnel’ is a full-time post and cannot be filled by a ministry official, the I&B ministry wanted the board to make an exception.
Punjab National Bank (PNB), the country's second-largest public sector lender, is now in the middle of a ₹11,400 crore transaction fraud case.
The Supreme Court said it was “shocking” that Madhya Pradesh, which was among the States that received maximum funds from the Centre under the Nirbhaya scheme, was disbursing a meagre ₹6,000-₹6,500 to…
The above information was given by Union Minister of State for Women and Child Development Dr.Virendra Kumar in a written reply in Lok Sabha on 9.2.2018.
Revision of provisional pension sanctioned under Rule 69 of the CCS (Pension) Rules, 1972.
Thanks to the poor security system of maintaining confidential database of the citizens, after Aadhaar data leak it now appears your voter ID details can be illegally accessed.
The country's largest lender SBI wrote off bad loans worth Rs 20,339 crore in 2016-17, the highest among all the public sector banks.
While you may now be allowed by the government for premature closure of your PPF account, there are many reasons why you should avoid doing it.