₹9,330 crore lies unclaimed in inoperative EPF accounts: Here's how to check and claim your money
The sizeable amount locked in such accounts indicates that many workers have either not withdrawn or transferred their EPF balances.
The sizeable amount locked in such accounts indicates that many workers have either not withdrawn or transferred their EPF balances.
You may not actively earn during your retirement years, but that does not stop factors such as cost of living, medical inflation, lifestyle inflation, longevity and other uncertainties from draining your finances more than you may have expected or accounted for. Thus, smart planning for the future — when you are largely reliant on savings…
Indian households are increasingly directing their savings towards market-linked financial assets, while traditional avenues such as life insurance and small savings have seen more uneven flows. Mutual funds recorded the sharpest rise in annual inflows among the major financial assets. Here’s what you need to know about how Indian households are parking and investing their…
Ixigo shares rallied after the travel booking platform reported its highest ever quarterly profit, with strong growth in hotels, flights and buses helping offset a decline in adjusted earnings. The stock rose as much as 13% to ₹163.38 on the NSE. Ixigo reported an all-time high profit after tax of ₹63.42 crore for the quarter…
For many retirees and senior citizens, the Senior Citizens Savings Scheme (SCSS) provides a steady income from their savings and helps ensure their funds are not exposed to market volatility and risk. Still, the core question that needs clarification is: What happens if the depositor dies before the 5-year maturity period? What are the rules…
Dussehra is a festival that symbolises the victory of good over evil. It will be celebrated on Tuesday, 20 October this year. Beyond its religious significance, the festival offers individuals an opportunity to reflect on financial habits that may be holding back long-term economic progress and prosperity. In the same vein, it is vital to…
For families with ancestral property, investments or a family business, a Hindu Undivided Family (HUF) can offer a separate pool of income and a separate tax return, making it useful for tax planning. But for salaried taxpayers looking to move a part of their salary into an HUF to reduce tax outgo, the structure has…