New Delhi: IT industry's margins are expected to be impacted by wage increases as well as high attrition rate, said HDFC Securities. "Margin will be impacted by wage increases, increase in sub-contracting or attrition, offset partly by operating leverage and FX or offshoring," HDFC Securities said in a report. According...
These banks is giving higher returns to senior citizens on FD
Banks are offering good interest on Senior Citizen Deposit Scheme. Recently, SBI, Bank of Baroda, ICICI Bank and HDFC Bank are offering special FD schemes for senior citizens. SBI interest ratesThe name of this special FD of State Bank of India (SBI) is SBI We care. In this scheme of...
Maximize returns on savings by investing in a Bajaj Finance online FD
Over the last few years, there has been a greater focus on the need for savings. Therefore, it is important to understand why savings hold such a prominent place in any financial dialogue. The future can throw up several surprises which might require financing. It is a known fact that...
UCO bank is paying more interest on FD for those who have got corona vaccine
The world's largest corona vaccination program has started in India from 16 January and any person above the age of 18 years can get its dose. To encourage more and more people about vaccination, some government banks are offering special offers to the people. Under this offer, people will get...
EPFO allows members to avail second COVID-19 advance
New Delhi: The members were allowed to withdraw three months basic wages (basic pay + dearness allowance) or up to 75 per cent of amount standing to their credit in their provident fund account, whichever is less. ''To support its subscribers during the second wave of COVID-19 pandemic, the EPFO...
New rules apply for PF account holders from June 1
New Delhi: Employee Provident Fund Organization (EPFO) has decided to implement the new rule for PF account holders from 1 June. Now the employer has been given the responsibility of getting verified from the basis of PF account. If the employer fails to do so, it may prevent the employee's...
Big interest rate cut in small savings schemes
New Delhi: A big cut in small savings schemes will deliver a blow to savers who depend on these schemes for income and social security.Conversely, this will reduce interest rates, bring down the cost of capital and spur capex and stock markets. The government revised the interest rates on small...
Government eases family pension rules for disabled survivors
New Delhi: The government has issued orders to liberalize the eligibility requirements for the award of a family pension for the child/sibling of a deceased government servant or a pensioner. Relaxation of the family pension is provided to injured survivors when they need further medical treatment and financial support. "The...
PF taxation: Rs 62,500 cr accumulated in EPF accounts of 1.23 lakh HNIs for FY19
New Delhi: As much as Rs 62,500 crore has accumulated as provident fund of some 1.23 lakh high net-worth individuals (HNIs) in the retirement fund corpus for 2018-19, with a staggering Rs 103 crore accumulating in the account of the highest contributor, sources said on Thursday. The Budget 2021-22 has...
Government will now credit 8.5 percent interest in EPF account
New Delhi: A large number of members of the Employees Provident Fund Organisation (EPFO) would be able to see their updated EPF accounts with credit of 8.5 per cent rate of interest for 2019-20, a senior official told media. The official further informed that the labour ministry has already sent...