Interest News
Cases like this are not isolated to Bank of Baroda; other banks may also do this if a large payment is made close to an EMI date or if the borrower does not specify the purpose. Ideally, the bank should inform the customer or provide a choice before processing in this manner.
The Post Office Monthly Income Scheme (POMIS) is a government-backed, low-risk investment plan offering a fixed monthly income for a tenure of 5 years.
Apart from the mobile number, the members registered on the UAN portal may get their PF details by sending an SMS from their registered mobile numbers.
EPFO subscribers, registered on the UAN portal, may get their PF details available with the Employees’ Provident Fund Organisation by giving a missed call at 011-22901406 from their mobile number registered with UAN.
According to the EPF website - epfindia.gov.in, in an EPF account, an employee contributes 12 per cent of his or her salary towards the account, and an equal amount is contributed by the employer.
Intense tariff war and high taxes are expected to squeeze Indian telecom operators, leaving a gaping Rs 1,20,000 crore deficit between the industry's earnings and its debt/payment commitments this year, says debt-laden Reliance Communications.
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Knowledge about how interest is calculated is an important approach towards using credit card more effectively.
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The Employees' Provident Fund Organisation (EPFO) gave an average interest of 8.67 percent to its account holders in three years up to 2014-15.
Global investors are showing strong interest in India with more inquiries for investment portfolios, a Singapore-based top corporate official has said.
Power sector watchdog CERC plans to review regulatory compliance levels and operational efficiencies of the country's two electricity exchanges as part of efforts to safeguard the interest of stakeholders.
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