WITHDRAWAL
HDFC Bank scheduled downtime next week for more than 12 hours; UPI, ATM withdrawals, other banking services to be impacted
HDFC Bank has emailed its customers to inform them that an upcoming system upgrade will improve their banking experience by enhancing performance speed, extending capacity to manage high traffic, and increasing overall dependability.
EPF new rules: EPFO issues SOP on how to freeze, defreeze UAN
In order to detect probable situations of suspicious accounts or transactions where there may be a risk of impersonation or fraudulent withdrawals, multiple stages of verification for MIDs, UANs, and institutions will be carried out as part of the SOP. Here is a look at EPFO's latest SOP freezing and defreezing UANs of EPF subscribers.
Delhi HC sets aside Punjab and Sind Bank's withdrawal of one-time settlement
The OTS offer, its acceptance and the sanction letter constitute a sufficient contract, the judge said. “Thus, the Punjab and Sind Bank, which is a nationalised bank and an instrumentality of the state, cannot act arbitrarily or whimsically in matters of contract.” The Punjab and Sind Bank (PSB) withdrawing the OTS was a “cryptic order, bereft of any reasons”, Justice Pushkarna said.
White House says zero chance Biden will withdraw, after POTUS says 'he screwed up'
Joe Biden is "absolutely not" pulling out of the US presidential race, his spokeswoman said Wednesday, as pressure mounted following his disastrous debate performance against Donald Trump. Biden has admitted he performed poorly in the debate, and was blunt in a radio interview recorded Wednesday with Wisconsin's Civic Media.
EPS withdrawal rules changed; lakhs of EPF subscribes to benefit; check if you stand to benefit
The government has changed the Employees’ Pension Scheme (EPS) of 1995 to enable members with fewer than six months of employment to receive a withdrawal benefit. Additionally, the government amended Table D to ensure that withdrawal benefits are paid fairly; this change would benefit over 23 lakh members.
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IFFCO withdraws plea from NCLT in Triumph Offshore case
Fertiliser cooperative IFFCO withdrew plea from NCLT restraining Triumph Offshore from issuing shares. This comes after IFFCO sold stake to Swan Energy for Rs 440 crore. IFFCO had sought to prevent share issuance for loan repayment, fearing dilution. NCLT allowed the withdrawal of plea on June 27. Triumph Offshore primarily aims to establish an FSRU project with Swan Energy holding a 51 per cent stake.
New NPS rules: 7 major NPS changes in last 6 months
The CRAs that are registered with the Pension Fund Regulatory and Development Authority (PFRDA) continuously enhance their systems to meet the needs of the Nation Pension System (NPS) and Atal Pension Yojana (APY) architecture. Here are the 7 important NPS functions recently announced to enhance user experience and operational simplicity. The functionality that CRAs created in Quarters Ill and IV of FY 2023–24 are mentioned below, as mentioned in a Pension Fund Regulatory and Development Authority dated June 14, 2024.
13 candidates in fray for Himachal bypolls, 2 Independents withdraw
The Himachal Pradesh by-elections feature candidates in Dehra, Hamirpur, and Nalagarh. A total of thirteen candidates vie for the assembly seats. The bypolls are scheduled for July 10, with various contenders from different parties participating.
NCLT allows Zee to withdraw its merger implementation application
NCLT allows ZEE Entertainment Enterprises Limited to withdraw its implementation application related to the merger deal with Sony Group Corp-owned Culver Max Entertainment and Bangla Entertainment.
Recurring deposit (RD) premature withdrawal: Eligibility, interest rate, other rules explained
Post office RD scheme: You might have invested money in a post office RD scheme, however due to any financial need or trouble you may wish to prematurely break it. This is because a post office RD scheme has a tenure of five years from the date of opening. Read here to know more about post office RD scheme.
Escorts Kubota withdraws plan to set up new unit at Ghiloth in Rajasthan
Farm equipment and construction equipment firm, Escorts Kubota Ltd on Wednesday said it has withdrawn its plan to set up a new manufacturing plant at Ghiloth in Rajasthan due to failure to meet all the key requirements for a large-scale project. The company, which has lined up an investment of up to Rs 4,500 crore over the next three to four years to set up a new manufacturing plant, said it continues to explore alternate options with other states, including Rajasthan.
How ‘Mehengai’ impacts your real rate of return
Inflation impacts stakeholders like companies, investors, and the economy. Central banks manage inflation. Real Rate of Return is crucial for investment performance.
Change in EPS rule for calculating lump sum withdrawal amount on early exit: Who benefits, who loses?
Pension amount in EPS: The government via notification dated June 14, 2024 has revised the table used for calculating lump sum withdrawal amount. A member of Employees' Pension Scheme (EPS) can withdraw lump sum amount if he/she exit the scheme before completion of 10 years. Read on to know who gains and who loses from the new pension scheme rule.
Non-refundable Covid advance no longer available under EPFO
According to an EPFO circular dated June 12, since Covid is no longer a pandemic, the competent authority has decided to discontinue the said advance with immediate effect and this would be applicable to even exempted establishments.
Higher refund on premature exit from life insurance policy as IRDAI introduces new surrender value rule; check how much you will get
Life Insurance Policy Surrender Value Rule Changes: To curb mis-selling of life insurance plans, IRDAI has introduced a higher special surrender value for traditional endowment policies. Even if a policyholder exits a life insurance policy after the first year, he would get a part of his premium back if he has paid it. Till now, there has been no refund on exiting the policy in the first year. How much money will you get back if you prematurely exit your life insurance policy? Check calculation here.
Irdai accepts registration withdrawal application of Paytm General Insurance
One97 Communications, owner of Paytm, will focus on distributing insurance products from various insurers after the Insurance Regulatory and Development Authority of India (Irdai) accepted Paytm General Insurance's registration withdrawal application. This move aligns with Paytm's strategy to enhance insurance distribution across Health, Life, Motor, Shop, and Gadgets segments through its subsidiary, Paytm Insurance Broking Private Ltd (PIBL). Paytm aims to innovate small-ticket insurance products for consumers and merchants, leveraging its extensive distribution network to increase insurance penetration.
Elon Musk withdraws lawsuit against OpenAI
Attorneys for Musk asked the California state court to dismiss the lawsuit, originally filed in February, without giving a reason for the move, according to a filing in San Francisco Superior Court.
Types of NPS accounts: 4 differences between NPS Tier 1 and Tier 2 accounts
The NPS, a government pension scheme, offers Tier I and Tier II accounts with different functions. Tier I is for retirement planning with withdrawal restrictions, while Tier II is a flexible savings account.
Djokovic pulls out with knee injury, Sinner to be new no. 1
Novak Djokovic withdrew from the French Open quarter-final due to a knee injury, paving the way for a new champion.
Novak Djokovic withdraws from the French Open with an injured right knee
Novak Djokovic withdrew from the French Open due to an injured right knee, ending his title defense and relinquishing the No. 1 ranking. The torn medial meniscus in his knee was discovered after a fourth-round victory against Francisco Cerundolo. Djokovic's withdrawal means he will be replaced by current No. 2 Jannik Sinner at Roland Garros.
IATA boss warns foreign airlines may quit India if taxation issues are not sorted
The chief of the International Air Transport Association (IATA), Wille Walsh, warned that airlines may withdraw from the Indian market if concerns over taxation are not addressed. Several global airline groups including Emirates, British Airways, Lufthansa, Singapore Airlines, and others have received tax evasion notices from the Directorate General of GST Intelligence (DGGI). The notices were related to non-payment of tax on services provided by the airlines to their Indian entities.
Beware of the coming post-election peace
This election was so addictive that the withdrawal symptoms are bound to be vicious. Being under the thrall of a months-long, hard-knuckled, carpet-bombing coverage of a political contest where candidates were no longer public servants but Marvel Comics characters, it's understandable that even normal 'non-political animals' got hooked to the election drug.
How to redeem mutual fund units
Redeeming from a mutual fund is a straightforward process. Investors can choose to redeem a part or all of their investment depending on their financial needs and goals.
What is the 4% rule for retirement withdrawals?
The 4% rule is a popular method in retirement planning. It provides a simple and conservative guideline for estimating the amount you can safely withdraw from your retirement funds each year, with the goal of ensuring your financial security throughout your retirement years. Following the 4% withdrawal rule can greatly reduce the risk of running out of savings too soon, thereby increasing the likelihood of financial security throughout retirement.
Yes Bank revises FD interest rates; earn up to 8.5% on this fixed deposit tenure
YES Bank has revised fixed deposit (FD) interest rates for specific tenures on deposits under Rs 2 crore. These revised interest rates are effective from May 30, 2024.
Shashi Tharoor to PM Modi: Withdraw 'cases' against Payal Kapadia if India is proud of her
In a post on X, Tharoor said, "Modi ji, if India is proud of her, should your government not immediately #WithdrawTheCases against her and fellow FTII students protesting against your government's arbitrary appointment of an unqualified Chairman?"
NPS partial withdrawal rules 2024: 7 instances when you can apply for partial withdrawal from NPS corpus
NPS partial withdrawal rules: NPS is a market-linked defined contribution scheme that helps you save for retirement. The scheme is simple, voluntary, portable and flexible. An NPS member can withdraw partial withdrawals from their retirement funds to meet certain requirements without compromising their monthly stipend upon retirement.
Some central forces to be temporarily withdrawn from Manipur for Lok Sabha polls
Some central troops in Manipur to be withdrawn for Lok Sabha polls, likely to return after. Villagers plead for cancellation of withdrawal orders due to ongoing violence.
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