theinformalnews - The Informal News

How To Apply For A Provident Fund Withdrawal Online

theinformalnews7 years ago7 years ago04 mins

Retirement fund body Employees’ Provident Fund Organisation (EPFO) permits subscribers to withdraw from their savings under certain circumstances. EPFO’s contributory provident fund scheme, Employees’ Provident Fund (EPF), enables subscribers to accumulate and earn interest on savings for retirement. EPFO allows partial withdrawal from the provident fund accounts for purposes such as education, marriage, illness and house construction. Through its unified…

SBI Customer Alert! This new rule of State Bank of India to be effective from May 1; All you need to know

theinformalnews7 years ago7 years ago06 mins

The State Bank of India (SBI), the country’s largest bank, is adopting a new method to let it’s lending rates move in tandem with the repo rate in the future. The concern was that whenever the RBI cut the repo rate earlier, the banks took time to pass on the benefit to the borrowers and…

RBI to issue new Rs 20 note; here’s how ‘greenish-yellow’ note looks like

theinformalnews7 years ago7 years ago03 mins

The Reserve Bank of India (RBI) has said that it would soon issue new Rs 20 denomination notes in the Mahatma Gandhi (New) Series in ‘greenish-yellow’ color. The new notes will bear the signature of the RBI governor Shaktikanta Das and will have a motif of Ellora Caves on the reverse, symbolic of India’s heritage….

IPL 2019, MI vs DC: Rishabh Pant breaks MS Dhoni’s record against Mumbai Indians

theinformalnews7 years ago7 years ago02 mins

Rishabh Pant broke MS Dhoni’s record of scoring the fastest half century against Mumbai Indians to guide Delhi Capitals to a comfortable victory in their first match of the Indian Premier League (IPL) 2019 on Sunday. Pant looked extremely comfortable against the Mumbai Indians bowling attack and was able to reach his fifty in just 18…

Suresh Raina first player to score 5000 runs in IPL

theinformalnews7 years ago7 years ago01 mins

Suresh Raina added another feather to his illustrious cap, here on Saturday, as the Chennai Super Kings’ (CSK) batsman became the first in the Indian Premier League (IPL) history to amass 5,000 runs. During the ongoing IPL 2019 opener against Royal Challengers Bangalore, Raina, a vital cog in the Chennai’s armory, achieved the rare feat…

How to open NPS account online and how to change NPS allocation?

theinformalnews7 years ago7 years ago05 mins

The National Pension System (NPS) is considered to be one of the best investment tools for retirement planning in India. The Pension Fund Regulatory and Development Authority (PFRDA) has undertaken various measures to make NPS more subscriber-friendly, ever since its rollout in 2008-09. While investing in NPS, investors can spread their investments across 4 asset…

7th Pay Commission: Good news for government employees! Centre hikes Dearness Allowance by 3%

theinformalnews7 years ago7 years ago03 mins

7th Pay Commission: The Union cabinet on Tuesday increased the dearness allowance (DA) by 3 per cent effective from January 1, 2019, a move that will benefit more than one crore central government employees and pensioners. “The cabinet has approved additional DA of 3 per cent over the existing rate of 9 per cent to…

New Pension Scheme For Unorganised Workers: Benefits, Contribution And Other Details

theinformalnews7 years ago7 years ago04 mins

The government has started the registration process under the PM-SYM (Pradhan Mantri Shram Yogi Maan-Dhan) scheme, reported news agency Indo-Asian News Service (IANS). Announced in the Interim Budget, the pension scheme is aimed at persons engaged in the unorganized sector in the age group of 18-40 years with a monthly income of up to Rs. 15,000 per month, according to the…

How to check refund status in ITR on Income Tax India e-filing website

theinformalnews7 years ago6 years ago011 mins

One is required to file income tax return (ITR) if one’s income during a financial year exceeds the basic exemption limit set by the government. You also have to file an ITR if you have to claim the extra tax deducted at source (TDS), if any, or in case of deposit of excess tax. While…

You can earn higher interest through P2P platforms; Know-how

theinformalnews7 years ago7 years ago05 mins

Investors who wish to earn higher rates of return than traditional fixed-income instruments can also opt for a Peer-to-peer (P2P) lending platform as an alternative option. After the Reserve Bank of India (RBI) came out with guidelines on NBFCs and P2P lending last year, these platforms have gained impetus as an investment option. They act…