In budget 2012-13 interest rate of Employee Provident Fund (EPF) slashed by 1.25% ,this is why the interest rates of Public Provident Fund(PPF) ,National Saving Certificate (NSC) and small savings on Post offices expected to hike from April 1st ‘2012 . Interest rates of Public Provident Fund (PPF) going to be 9.00% from 8.60% .Govt. increasing this rate […]
Railway Budget Indian Railways will target zero deaths by preventing train accidents. All railway level crossings will be removed in the next five years. To create SPV to eliminate all level crossings. The recommendations of the Anil Kakodkar Committee on Indian Railway’s safety will be implemented. Railway Minister demands Budgetary Support of Rs. 2.5 lakh
General Rules to be followed while checking Form C for the financial year 2011-2012 for giving deduction/tax rebate. 1. House Rent Allowance – u/s 10 (13A) : Original rent receipts from the landlord to be kept along with Form C. Employee who is residing in his own accommodation is not eligible for the deduction. The
State Bank of India (SBI) leading bank in India,said they could revive its international banking again.They said this can happen in three to four months. As we already know that SBI involved with one fourth of total Indian loan and deposits,said that they like to spread their business internationally ,as presently market is more stabilized
No more harassment,no more waiting ,from April 1 after retirement of any govt employee his PF,gratuity will be funded to his account next day through online payment system and his pension will be start from next month of retirement. E-Payment system has been developed by Controller General of Accounts (CGA) ,the official accountant of govt.It
A step taken by Reserve Bank of India (RBI) to upgrade interest rate of savings account in different banks in India.RBI things that may rise cost of funds of banks and also to push up people to save a large amount of money in savings account. People must gain more if bank increase its interest
This is very easy to make a SBI recurring deposit.Generally in people’s mind it is seen that to open any type of account in SBI is very tough specially I thought that but yesterday it proved wrong.Now a days SBI also improve itself to service their valuable customers.To create a SBI Recurring Deposit you should
