New Delhi: Just like you need to give KYC documents to open a bank account or to invest in mutual funds and shares, you also need to fulfil the KYC criteria for your employees’ provident fund (EPF) account. The Employees’ Provident Fund Organisation (EPFO) allows you to complete the KYC process online. It uses Aadhaar and
Consumers will soon be able to use the Unified Payments Interface (UPI) for cash withdrawals, apart from merchant payments and interpersonal transactions. Public sector lender Bank of India has already introduced this facility for its own customers, in partnership with Mumbai-based payments company AGS Transact Technologies. Further, the National Payments Corporation of India (NPCI), which
NEW DELHI : New car models regularly hit the Indian market and it is tempting to buy a new car, be it an upgrade, a first car or another car for the family. Whatever be the reason, a car loan makes the purchase easier. But as is with any financial product, you should know all the details
Income Tax return filing: In an ideal world, you should have filed your income tax return (ITR) by now. But, then that would be too boring, right? So, all those adventurous salaried persons, who are yet to file their income tax return, here is the last chance before you end up paying a higher penalty. The
The Real Estate (Regulation and Development) Act (RERA) has proven to be a game-changer for the real estate sector since the time it was implemented in India in 2017. It has brought the much- needed transparency and accountability to the sector by providing a unified legal regime for the purchase of property and standardising the
Chris Ballinger came away from a year of crunching numbers at Toyota Motor Corp.’s Silicon Valley skunkworks convinced that his dream of automotive automation was no more fanciful than his bosses’ ambition to make a vehicle that can drive itself. So the former derivatives trader who spent 14 months as finance chief at Toyota’s innovation hub launched
NEW DELHI : The take home salary of employees in the organised sector may go up slightly as the union government looks to allow select sectors to cut monthly statutory deductions on account of employees provident fund (EPF). But, the side effect of this move will lower the retirement saving corpus of workers in the long
Bank Email ID Hacking Case: Suppose a customer’s registered e-mail id is hacked and he informs about it to the bank. But the bank fails to stop accepting any request from the hacked id despite receiving complaint from the customer. Can the bank escape penalty in such a case? In a similar case this week,
NEW DELHI : Just like you need to give KYC (Know Your Customer) documents to open a bank account or to invest in mutual funds and shares, you also need to fulfill the KYC criteria for your employees provident fund (EPF) account. The Employees’ Bank Provident Fund Organisation (EPFO) allows you to complete the KYC process online.
The Reserve Bank of India (RBI) on Thursday announced that it is planning to put in place additional cybersecurity measures in order to make ATMs safer across the country. The central bank is planning to introduce “baseline cybersecurity controls for ATM switch application service providers”, it said in its statement on the development and regulatory
