Indians can now open a bank account in the US while sitting in India using an Indian passport. Aeldra, a US-based fintech start-up, is providing bank accounts to Indians without a social security number or a US address. Sukeert Shanker, the founder and CEO of Aeldra, said in a release, “The bank account can be opened...
The government of India has released interest on PF in the accounts of Employees’ Provident Fund subscribers, which might prompt many to find out how much interest they have received on their PF savings. Out of the four ways to check your PF details, one among them is through the UMANG app. UMANG app is a...
Elon Musk, keeping his promise to bring Tesla to India in 2021, has registered Tesla as a company in Bengaluru, Karnataka. Telsa has reportedly set up an R&D unit in Bengaluru, Karnataka CM, BS Yediyurappa had tweeted on Tuesday Mr Yediyurappa took on Twitter to write, “Karnataka will lead India’s journey towards Green Mobility. Electric Vehicle...
Minister for Road Transport and Highways & MSME, Nitin Gadkari, in a new initiative will launch a new paint developed by Khadi and Village Industries Commission called – “Khadi Prakritik Paint”. As per KVCI, the Prakritik paint is an eco-friendly and non-toxic substitute to the usual paint that carries heavy metals like lead, mercury, chromium,...
Want to withdraw money from your EPF account? Well, you can, but there are some technicalities involved. If you are an Employees Provident Fund Organization (EPFO) subscriber and want to withdraw money from your EPF account to your savings or personal account directly, then you can do that. To carry forward the withdrawal, all you...
The Annual Budget, scheduled to be presented in the parliament by Finance Minister Nirmal Sitaraman on February 1, will be a paperless affair for the year 2021-22, reports The Economic Times. The reports suggest that the new initiative was lauded in the parliament and has received the accent from both the houses. If the same...
If your new year resolution was saving some bucks, then investing in Fixed Deposits (FD) is one way to do so. And thankfully inspiring you to do so is the country’s largest lender State Bank of India (SBI), which has recently revised the fixed deposit (FD) rates for some select maturity periods. The revised SBI rates...
To make your financial life easier, retirement fund body EPFO, back in 2020, launched a WhatsApp helpline service for the speedy redressal of grievances of its subscribers. The service will allow EPFO subscribers to interact with the EPFO’s regional offices from the comfort of their home to get their queries sorted. WhatsApp helpline is now...
The Life Insurance Corporation Of India (LIC), amidst the ongoing pandemic, has launched a campaign to help people revive their policy if it has lapsed due to some reason or the other. For the unaware, policy lapse, in simple terms, is the policy for which all benefits to the policyholder cease and are terminated due to nonpayment...
In a piece of delightful news for IDFC bank account holders, the bank has hiked interest rates on savings account up to ₹1 Lakh. The bank has capped the interest rate at 7% on saving accounts up to ₹1 Lakh, which was 6% earlier. The IDFC Bank has over 260 branches across the country and...
If your New Year’s resolution was saving money, then one way to do it is investing in Fixed Deposits (FD). There are many FD service providers out there offering different interest rates to their customers. Like at present, SBI offers an interest rate of 4.90 per cent on FD with a tenure between 1 year...
If you are a taxpayer and staying in a rented house, then you, as per the rules, can claim an exemption for the rent paid when you file your ITR. Usually, one claims this exemption through their employer by submitting house rent receipts. But for any reason, if you haven’t claimed allowances through your employer,...
