Arogya Sanjeevani Policy – A uniform health insurance plan (REVIEW)
IRDA has recently announced the launch of health insurance policy called “Arogya Sanjeevani Policy” (official link) which will have standard features which are required by a common man for his health insurance requirement. IRDA thought of a standard policy which will be exactly same across insurers with similar features. In this review, I plan to […]
5 changes in PPF rules which will impact you (PPF scheme 2019)
On 12th December, the Government of India has notified some changes to the PPF Scheme 1968. The government has replaced the earlier PPF Scheme, 1968 to the new Public Provident Fund (PPF) Scheme, 2019. You can view the following 5 min video I created on this topic. Let us see what changes have been made […]
75% of EPF can be withdrawn just after a month of unemployment
EPF is a long term retirement saving scheme. Therefore, it can be withdrawn fully(100%) only after retirement. And early retirement is not considered until the person reaches 55 years of age. However, if you get unemployed for a period of not less than 2 months, then as per the old rule of section 69(2) of […]
How Rs 3,700 crore online fraud happened with with 7 lacs investors !
A new online fraud worth Rs 3,700 crores has been busted recently by Uttar Pradesh special task force. Around 7 lacs people have been cheated in the name of ‘Earn Rs 5 per click’ investment scheme. This was a classic example of a very smart online fraud structure where you first make a lump sum […]
EPF interest rate reduced to 8.65% from old 8.8%
The EPFO department (Employees Provident Fund Organisation) reduced the EPF interest rate to 8.65% today. The old interest rate was 8.8%. This interest will be applicable for the deposits made for financial year 2016-2017. Which means that all the deposits which were made after 1st Apr, 2016 by the employers will be earning the interest […]
Rs 500/1000 notes banned – Here are 5 critical facts to know
Last night, it was a historic moment when our Prime Minister informed the whole nation that Rs 500 and Rs 1000 notes will not be eligible currency notes from midnight at the end of 8th Nov, 2016. Here is the RBI notification PM Modi had also explained all the points very well in his speech […]
Inactive EPF accounts to get interest from now onwards at 8.8%
Good news, the inactive EPF accounts will now start getting interest. Also the interest will be paid since Mar month of this year. This will start once the govt issues the notification regarding this. Since 2011, the EPF accounts which were not active for 3 yrs before inoperative EPF accounts and they stopped getting the […]
6.5 million Debit Cards compromised in India – Was your card one of them?
Around 6.5 million Indian Debit Cards have been compromised recently which is one of the biggest security breaches our country has seen to date. Around 641 customers of 19 different banks have reported frauds worth Rs 1.3 crores in total as of now and after that, all banks started investigating the matter. Some of the […]
CIBIL to provide 1 free credit report a year – Says RBI Governor
CIBIL will soon be providing 1 free credit report a year to every person starting Jan 1, 2017 as per RBI directions . This was said by RBI governor Raghuram rajan at a seminar on ‘Transforming Rural India through Financial Inclusion’. This is great news for investors because right now one has to pay Rs […]
Closing your PPF after 5 yrs is possible now [NEW RULES]
Recently the PPF closure rules got changed and now a PPF account can be closed prematurely after 5 yrs itself, but only in some conditions which we will see in this article. Till now, as per the old rules, the PPF account had a lock-in period of 15 yrs, and in no case, it was […]