“Whether I should invest for long-term or short-term”, you must have questioned yourself or asked experts. Will a larger amount invested for a shorter period help accumulate a larger sum, or will a small investment made for the long term accumulate a bigger corpus? In this article, we answer this and more such questions. Investing …
Have you ever wondered how long it would take to build a corpus of ₹1 crore with monthly investments? In this article, we look at setting aside a fixed sum every month, whether it’s ₹5,000, ₹7,000, or even ₹10,000, and watching it grow over time. At first glance, reaching ₹1 crore might seem like a …
The (EPFO) Employees’ Provident Fund Organisation is set to introduce a new system that will allow subscribers to withdraw their provident fund (PF) claims using the Unified Payments Interface (UPI). The executive committee of EPFO’s Central Board of Trustees (CBT) has approved the plan, making the process faster and more convenient. UPI-Based PF Withdrawals Expected …
The investment landscape in India is evolving, with young investors increasingly favouring the stock market. The latest Investor Behaviour Index (IBI 2025) reveals that 81% of respondents have invested in stocks, with nearly 45% of individuals under 35 considering equities their primary investment avenue. This shift is largely attributed to greater financial awareness, improved access …
The recent fraud at the New India Co-operative Bank (NICB) has once again raised concerns about the security of deposits in co-operative banks. Since deposit insurance was introduced in 1962, a staggering 430 co-operative banks have failed, endangering the savings of thousands of depositors. These crises have resulted in an insurance payout of ₹16,000 crore …
Did you miss the deadline to activate your UAN to enjoy benefits under the Employment-Linked Incentive (ELI) scheme? Don’t worry, the Employees’ Provident Fund Organisation (EPFO) has extended the deadline for Universal Account Number (UAN) activation and Aadhaar-bank account linking to March 15, 2025, which was previously February 15, 2025. The deadline has been extended, …
The 8th Pay Commission, which will revise salaries and pensions for central government employees, has been approved by the Union Cabinet and is expected to be implemented next year. The final salary adjustments will be based on the fitment factor, a multiplier applied to current basic pay to determine the revised salary structure. One key …
On February 24, 2025, Prime Minister Shri Narendra Modi launched the 19th instalment of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme in Bhagalpur, Bihar, bringing good news to millions of farmers across India! The PM Kisan 19th Instalment will directly benefit over 9.8 crore farmers, including 2.41 crore women farmers, with financial support exceeding …
The government is taking steps to modernise the services of the Employees’ Provident Fund Organisation (EPFO) to enhance user experience. Meanwhile, the EPFO’s Central Board of Trustees (CBT) will meet on February 28 to decide the interest rate on EPF deposits for the financial year 2024-25. EPFO Interest Rate Decision The CBT, led by the …
Private sector employees under the Employees’ Provident Fund Organisation (EPFO) have long sought an increase in their minimum pension, which has remained at ₹1,000 per month since 2014. Under the current system, EPF members contribute 12% of their basic salary towards the provident fund, with employers matching this contribution. Of the employer’s share, 8.33% is …
