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Posted under Get Ahead on 17 Jan,18 4:50p.m.
Here are some of the FAQs about Aadhaar which card holders need to know, according to UIDAI,1. The UIDAI has all my data including biometrics, bank account, PAN etc. Will it be used to track my activities?Absolutely false. UIDAI database has only the following information -(a) Your name, address, DOB, gender, date of birth(b) Ten finger prints, two IRIS scans, facial photograph(c) Mobile number an....
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Posted under Get Ahead on 17 Jan,18 1:07p.m.
The focus of Union Budget 2018 seems to be around agriculture and mid-income group and here are five reasons why FM is likely to raise Income Tax Exemption Limit from ₹2.5 Lakh to ₹3 Lakh:1. Retail InflationIndia is witnessing retail inflation in recent times; thereby expanding the exemption limit will provide some relief to the middle-income group of the country.2. Disposable IncomeAn increase in....
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Posted under Get Ahead on 27 Dec,17 9:25p.m.
The government on Wednesday slashed interest rates on small savings schemes, including NSC and PPF, by 0.2 percentage point for the January-March period from the rates applicable in the previous quarter, a move that will prompt banks to lower deposit rates. The interest for the five-year Senior Citizens Savings Scheme has been retained at 8.3%.The finance ministry notification said rates have been....
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Posted under Get Ahead on 01 Sep,17 1:05p.m.
Despite falling interest rates PPF or public provident fund remains one of the popular small savings schemes. Interest rate on PPF and other small savings scheme are being reset every quarter from April last year, as compared to the annual mode earlier. Investors in PPF currently get an interest rate of 7.8 per cent. The interest rate on PPF and other small savings schemes are benchmarked to yield....
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Posted under Get Ahead on 16 Jun,17 4:12p.m.
The government has Aadhaar number mandatory for the opening of bank accounts and for any financial transaction of ₹50,000 and above.Also the existing bank account holders have been asked to furnish the Aadhaar number issued by the Unique Identification Authority of India (UIDAI) by December 31, 2017. Beyond December 31, 2017, accounts till cease to be operational without Aadhar.The government in i....
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Posted under Get Ahead on 01 Apr,17 1:01p.m.
The interest rate on one of the most popular small savings schemes--the Public Provident Fund or PPF--is cut by 10 basis points to 7.9 per cent, the lowest level since 1980. The interest rate on other small savings schemes, namely, Kisan Vikas Patra, Senior Citizen Savings Scheme and National Savings Certificate, is also cut by 10 basis points (100 basis points is equal to one per cent). Sukanya S....
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Posted under Get Ahead on 23 Mar,17 7:22p.m.
The government has come up with the guidelines related to the Pradhan Mantri Awas Yojana (Urban).This interest subsidy scheme has been named as 'Credit Linked Subsidy Scheme for Middle Income Groups - CLSS(MIG)'.According to the Credit Linked Subsidy, which is a part of the PMAY scheme, middle-income groups with incomes in the eligible range will get an interest rate subsidy of 3-4 per cent.Initia....
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Posted under Get Ahead on 18 Mar,17 9:14p.m.
Soon you may be able to withdraw 90% of your PF amount for the down payment for the home purchase.The labour ministry, which controls the Employees’ Provident Fund Organisation (EPFO), informed the Rajya Sabha on Wednesday that it intends to amend the law to allow subscribers to withdraw up to 90% of their savings to buy or build homes.EPFO subscribers will also be able to pay their home loan....
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