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Pension News: Relief for pensioners

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The Central Government is going to provide relief to retired people soon. The Pension Fund Regulatory and Development Authority is considering increasing the maximum withdrawal limit for pensioners from pension funds.

 

READ MORE :  7 doctors, SHO among dozen police personnel test positive for COVID in J&K

 

At present, the maximum withdrawal is two lakh rupees, which PFRDA is going to increase to five lakhs. In such a case, if there is 5 lakh rupees in someone’s National Pension Scheme Fund, He will be able to withdraw the entire amount.

As per the rules, only 60 per cent can be withdrawn from the pension fund. The limit of which cannot be more than two lakh rupees. Remaining 40 percent is required to be deposited with NPFs. The government invests and pensions the account holder.

According to media reports, the central government wants NPS holders to help their families. If the account holder feels that investing the money in many ways can give good returns.

This decision will be left to them. According to reports, the pension fund has five lakh rupees. Then the monthly pension will be much less than that. This will not cater to the needs of the pensioner every month.

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Aadhaar card address change online: A step-by-step guide

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Adhaar card has become a really crucial document in India for availing several benefits offered by the Indian government under different schemes. However, for availing many benefits, your address on the Aadhaar card needs to be updated.

If you relocated and want to update your address on your Aadhaar card then we have good news. The Unique Identification Authority of India (UIDAI) recently allowed users to update their address online on the official portal. Also Read: India slams UN Rapporteurs’ criticism of new IT rules, says our democratic credentials are well recognised

In a tweet, UIDAI had said that the Aadhaar Card address can be updated online through Aadhaar Self Service Update Portal at sup.uidai.gov.in/ssup/. All you need to do is upload the required documents on the online portal to update your Aadhaar Card address.

Here’s how to change your Aadhaar card address online:

1. You need to log in to the official portal which is ssup.uidai.gov.in/ssup/.

2. Select the ‘Proceed to Update Aadhaar’ button.

3. Login using your 12-digit Aadhaar card and Verify your details with a security code or captcha code.

4. You will then have to click the ‘Send OTP’ button. The OTP will arrive on the Aadhaar-registered mobile number.

5. Log in to the portal by entering the OTP.

6. Select the ‘Edit Address’ option.

7. Enter details of your new address.

8. After entering the details, you need to upload the address proof which has the new address.

9. Click the ‘Submit’ button, and your Aadhaar card address will be updated in no time.

 

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Get Rs 5 lakh in exchange of 2 rupee coin, here’s how

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A lot of people have this hobby of collecting rarest coins which finds no place in circulation or it is no longer in use. But if you luckily have a two rupee coin, you can easily get a chance to win Rs 5 lakh as the advertisement on Quikr shows.

Many buyers on the Bengaluru-based website are showing interest in giving a huge amount in return for the old coin.

This two rupee coin is made in 1994 and has an Indian flag on one side, and its value on the Quikr website is said to be Rs 5 lakh. Meanwhile, the value of one rupee coin is worth Rs 2 lakh.

While the other one rupee coin which was minted in 1918 is said to be worth Rs 9 lakh.

If you have these rare coins, it can fetch a lump sum amount, given the fact that you negotiate properly with the buyer.

There is a website called Coinbazzar which basically provides a platform for buyers for selling old notes and with the help of that platform you can sell an old Rs 10 note in order to get Rs 25,000 in return.

 

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Good news for govt employees: Details Inside

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52 lakh central government employees, central government servants (CGS), and more than 65 lakh pensioners are all set to start receiving Dearness Allowance (DA) benefits approved under the 7th Pay Commission from July 1, 2021.

The Central government has recently confirmed in the parliament about the rollout of stalled dearness allowance (DA) and dearness relief (DR) from next month. However, many employees are still confused about how much salary they will get from next month onwards according to their 7th pay commission matrix.

Currently, dearness allowance is paid at 17% of the basic pay. The DA will be increased by 11% to 28% after it will be reinstated from July 2021 onwards.

The 11% hike comes after adding three pending DA hikes, including a 3 per cent jump in DA from January to June 2020, a 4 per cent rise from July to December 2020, and a 4 per cent increase from January to June 2021. Also Read: Delhi unlock: Curbs eased further, bars and public parks to re-open

How to calculate salary after DA hike?

In the 7th Pay Commission, the salary of a central government employee consists of three components: basic salary, allowances and deductibles. The minimum basic salary of central government employees according to the pay matrix is Rs 18,000.

On the existing pay matrix, Rs 2,700 per month will be directly added to the basic salary of the central government employees. With the hike, employees’ total dearness allowance will increase by Rs 32,400 on annual basis.

Will central government employees get DA arrears?

The employees of the Central government are requesting the Centre to pay DA arrears. However, the government has already made it crisp and clear that no arrears will be paid for DA hike that would have been come into effect a lot earlier has there been no pandemic.

 

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Covid-19 Stats

22 Jun 2021, 5:39 AM (GMT)

Coronavirus Stats

30,002,691 Total Cases
389,661 Death Cases
28,950,726 Recovered Cases

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