6 Best Banks for opening Current Account 2022
A current account is mostly used by persons who are in the business world. Many banks provide a variety of current accounts with varying minimum account balances (monthly or quarterly) and deposit limits. By processing huge numbers of receipts and payments, a current account enables you to perform timely commercial operations. I’ve included a list […]
How safe is your Digital Cash?
Internet security experts warn caution as India takes the cashless route. India’s shift towards becoming a digital economy, like any major world event, is a big opportunity for cyber criminals to find vulnerabilities. The following are some ways the security of your transactions could be compromised: Quick check: Not sure a loan app is genuine? […]
Linking EPF with Aadhaar mandatory now
The Provident Fund (PF) rule is going to change from 1st September 2021. According to the Employees’ Provident Fund Organisation (EPFO), it is mandatory for Employees Provident Fund (EPF) account holders to link their Aadhaar number and PF account by 31st August 2021. Failing to EPF Aadhaar seeding by this date will lead to discontinuation […]
Aadhaar Frauds
Aadhaar is one of the most powerful instruments in India today. UIDAI has generated 1.21 billion Aadhaar cards till date and has covered more than 95% of the Indian population. With the scale of information stored in the database of UIDAI, it has become the most substantial treasure. However, the Aadhaar Act prevents any organisation […]
e-NACH and e-Mandate
Quick check: Comparing loan offers? Look at the APR, not just the interest rate. Our loan app directory shows the rates each app discloses in its listing. For example, see NIRA and mPokket. e-NACH and e-Mandate National Payments Corporation of India (NPCI) has implemented “National Automated Clearing House (NACH)” for Banks, Financial Institutions, Corporate and […]
How to Merge EPF Accounts?
Multiple job changes typically result in multiple Employee Provident Fund (EPF) accounts being opened, one with each employer. With the introduction of the UAN (Universal Account Number), it is possible to consolidate multiple accounts into one single account for each EPFO member. Retirement fund body EPFO offers a facility to its members that allows consolidation […]