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MIGRATING RETIREMENT ACCOUNTS
US bill targets H-1B pipeline, seeks to end route to permanent residencyA Republican lawmaker has introduced legislation to overhaul the H-1B visa program, aiming to end its use as a pathway to permanent residen...
Withdrawn your entire EPF balance after a job switch? You may still need to transfer service history to protect your pension under EPS 95Many salaried employees forget to transfer their Employees' Pension Scheme EPS service history when switching jobs. This is crucial even if...
Born out of microfinance, Bandhan Bank now bets big on AI and digital bankingAs Bandhan Bank accelerates its transition from a microfinance-led institution into a universal bank, Executive Director & COO Ratan Kumar ...
Simultaneous polls could save Rs 7 lakh crore: Joint parliamentary panel chiefHolding Lok Sabha and state assembly polls together could save India Rs 7 lakh crore. This significant saving can be channeled into develop...
Withdrawal of retirement funds soon to be automated: EPFOThe Employees Provident Fund Organisation, EPFO, will soon automate final provident fund withdrawal claims. This will speed up money transf...
Why Gulf NRIs are turning to Indian equities as real estate sees an exitGCC-based NRIs are increasingly favouring Indian equities over real estate, with 73% boosting exposure and many deploying fresh capital. Th...
Gulf NRIs are dumping real estate, and betting big on India’s stock marketGCC-based NRIs are shifting investments from Indian real estate to equities and financial assets, driven by geopolitical uncertainty and a ...
Changing jobs? This 401(k) mistake could cost you big — read before you cash outMany workers in the US are facing problems with 401(k) retirement savings because they change jobs often. The system is old and not well co...
EPFO member alert! Have old, inoperative EPF account? E-PRAAPTI portal will soon help you track it easilyThe Employees Provident Fund Organisation is introducing E-PRAAPTI, a new digital portal. This platform will assist members in finding, tra...
Citigroup says AI helps speed account openings and systems upgradesUS banks are embracing AI, the biggest technological upheaval to the world economy since the internet, to boost productivity and, in some c...
Grey Market: India is ageing faster than its care systems can keep up. A new wave of startups is trying to bridge that gapA growing number of cases of memory loss and dementia have highlighted India’s lack of early intervention and eldercare support, as the cou...
Drop in foreign arrivals could dampen US job market growth, warns FedAmerica's net international migration is set for a sharp fall in 2025. This will significantly slow labor force growth. The Federal Reserve...
Central govt employees' pension: NPS to OPS switch? Centre releases new FAQ answering all your queriesNPS vs OPS: The Centre allowed central government employees to switch from NPS to CCS (Pension) Rules, 1972 (now 2021), known as the old pe...
Will your EPF account earn tax-free interest even after you leave job?Many salaried workers make monthly contributions to the Employees' Provident Fund (EPF) account knowing that the account will mature at the...
Budget 2016 impact: Younger subscribers worst hit by EPF taxOlder subscribers to employees’ provident fund who have periodically dipped into their corpus will also see a big chunk of their savings go...
More companies should shift employee retirement savings from Employees’ Provident FundAs EPF is mandated for employees with monthly salaries up to Rs 6,500, large cos have given their better-paid employees a choice to join th...
- Amend the EPF Act to allow workers to migrate to NPS and earn higher returns
Government should amend the income-tax law to bring the tax treatment on NPS at par with other longterm savings instruments.
- Messy EPFO: Trace owners of inoperative accounts
The Employees Provident Fund Organisation (EPFO) is set to offer a better-than-expected return of at least 9% in 2011-12.
- Not the right move
A panel led by former Sebi chairman G N Bajpai is right in recommending better financial incentives for distributors of the New Pension Sys...
- Egregious, EPFO
Lay off exempt funds; rather, allow them to migrate to the New Pension System.