PPF And Sukanya Samriddhi Interest rate reduced from 1st Oct. 2016

As per govt notification issued on Sep 29, 2016, the interest rate on Public provident fund (PPF) and Sukanya Samriddhi account has been changed mid year.

For the third quarter starting 1st Oct 2016, PPF interest rate has been reduced to 8.0% from earlier 8.1%. Similar for Sukanya Samriddhi account (SSA...

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PPF Premature Closure after 5 years - Latest Rule (2016)

PPF account has a lock-in period of 15 years. Up until now, you were allowed to close the account prematurely only in the event of the death of the Account holder. But now you can close prematurely, after completion of 5 years, for medical emergency and higher education also, though with a penalty of 1% reduction in interest rate throughout.

On Jun 18th 2016, finance ministry issued a new ...

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ESI Online Payment of Contribution

ESI (Employees' State Insurance) Corporation allows online payment of contributions through system generated challans.

You have to open the ESIC website in either Internet Explorer or Mozilla Firefox. There you will have a link 'Pay e-challan' which you can click to proceed for online payment of Monthly Contribution. If you want a step-by-step guide of online payment ...

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Getting NOC for transfer/sale of car to another state in India

Car registration and inter-state transfers are needlessly complicated procedures in India. These days people move regularly between states due to job changes and other reasons and thus it beceomes necessary to get your vehicle transferred to another state. Here are useful notes based on our experience of getting NOC for car transfer from Bangalore to Pune (in hope that it is useful for other ...

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EPF Balance Enquiry with UAN number (SMS Format : EPFOHO UAN ENG)

If you are a registered UAN member (Universal Account Number), you can enquire your EPF/PF balance by sending a quick sms. Here are the details:

Send SMS To: 7738299899

Within a minute, you will receive an sms containing your PF details including last contribution and balance, account linking status for Aadhar, PAN, and Bank Details.

Here is the sample...

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Income Tax Return Processing and Refund Timelines

We have got some questions regarding how much time it takes to get the Income tax return to be processed or how much time it takes to get the income tax refund back to us. Below are some sample timelines from recent years to give you an idea.

case 1: No tax refund was demanded.

Date Status
23/08/2015 Return Uploaded
23/08/2015 Successfully e-Verified
24/08/2015 EVC ...

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A Well thought (but misguided) Strategy or a Scam - Program Management fee for HDFC Classic and Preferred accounts

An open letter to HDFC Bank Executives
by a long time loyal customer (now looking for moving to other banks)

Since Jan 2016, HDFC bank started charging Rs 100 per quarter as program management fee for classic and preferred accounts.

I have been a long time hdfc customer with decent amount of money parked in FDs and multiple savings accounts. I came to know about this 'program management fee' ...

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EPF — What is EE amount and ER amount

When you inquire your EPF (also called PF for provident fund) balance from EPFO, the terms you encounter are EE and ER.

EE amount - Employee Contribution in EPF account.
ER amount - Employer Contribution in EPF account.

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EPF — Claim has been approved. Payment is under process.

Once you submit the EPF/PF withdrawal forms, the status message that you see on website is

Claim Form 19 for PF Settlement AGAINST Member Account No () has been approved. Payment is under process.

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UAN Full Form and Meaning

UAN No. = Universal Account Number

While joining a new company, every employee has to fill the Declaration Form / Form 11. One of the fields in the form asks to provide their 'UAN No.' Most of the new employees (and even experienced people) are confused about the meaning of UAN as it is a relatively new ID issued by government (started in 2014).

Here are useful quick details to help you:

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