NEWS

New Delhi: Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is a non-inked and non-participating one-year life insurance scheme. It is a renewal term insurance policy that provides a yearly life insurance coverage of Rs 2 lakh in case of the demise of the insured person, at a premium rate of Rs 330 per annum. It may be noted that this policy cover is for death and therefore, the benefit accrued…

Using your post office savings account just became easier. The Department of Post, through a circular on Monday, announced that it has launched mobile banking for its savings account customers. According to the circular, the facility will be available from October 15 for all the post office savings account holders of the CBS (core banking solutions) post offices. (You can read the full circular here.) The launch of the mobile…

You are eligible to receive income tax refund if you have paid more tax to the government than your actual tax liability. This usually happens when the advance tax, self-assessment tax paid or TDS deducted of the taxpayer is higher than the total tax liability of a taxpayer. If the tax department determines, after processing your income tax return (ITR), that a refund is payable to you, an intimation is…

BSNL may have been in the news for all the wrong reasons lately but commercially, the state-owned operator has been at its competitive best in a bid to have higher ground over its rivals. Whether prepaid plans or benefits with regards to data, BSNL has been playing its A-game to try to win back customers from its private sector rivals. And to take the game to the next level, BSNL…

The Supreme Court on Monday rejected a PIL seeking to link all social media accounts to Aadhaar to stop fake, troll accounts from overpowering social media platforms. The court has said all matters need not come to the apex court. While hearing a PIL on social media accounts, the Supreme Court said, Everything doesn’t need to come to Supreme Court. This issue is before the Madras High Court and you…

New Delhi: The Employees’ Provident Fund Organisation (EPFO) has started the process of crediting interest to provident fund (PF) accounts. It may be noted that the government has recently approved and notified an interest of 8.65 per cent for employees provident fund (EPF) for the financial year 2018-19. The employee and the employer contribute an equal amount (12 per cent) towards savings every month and this amount can be availed…

New Delhi: The Employees’ Provident Fund Organisation has supported a labour ministry proposal to allow its subscribers switch to the National Pension System but said the move needs to be backed by suitable amendments to the Pension Fund Regulatory and Development Authority Act. The retirement fund body wants the PFRDA act to be amended to allow those who opt for the National Pension System to return to the Employees’ Pension…

Have you received an e-challan notice for a traffic violation recently? Knowingly or unknowingly you may have broken a traffic rule because of which you would have gotten an e-challan notice. You can get an e-challan notice for wrong/dangerous parking on the roadside, speeding, jumping red light and so on. E-challan- Digital Traffic/Transport Enforcement Solution is an initiative of the Ministry of Road Transport and Highways (MoRTH), Government of India….