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Friday, 3 October 2014

Expected IDA Increase From January 2015 for CPSU Employees

Expected IDA From January 2015 for CPSU Employees

  
The IDA w.e.f. 01-January-2015 depends upon the Average All India Consumer Price Index Numbers (Industrial Worker) of the months September-2014, October-2014 & November-2014.
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Thursday, 4 September 2014

Central Govt. approves hike in Dearness Allowance from July 2014 for Central Govt. Employees & Pensioners by 7%

Friday, 15 August 2014

SBI MODS (Multi Option Deposit)

SBI MODS (Multi Option Deposit)

The MOD (Multi Option Deposit) account is a combination of your transactional (debit) account and deposit account. These are the Time Deposits but at the time of need for funds, withdrawals can be made in units of Rs.1,000/- from the deposits by issuing a cheque from Savings Bank Account or from ATM / branch or through any other channel. This kind of deposits is completely liquid. The sum of available balance in the transactional account and MOD balance can be used for issuing cheques or withdrawal or making any other payment.

Key Features:

Thursday, 31 July 2014

Allotment of EPF Universal Account Number to every contributing member registered on ECR portal and subsequent seeding of KYCs

Allotment of EPF Universal Account Number (UAN) to every contributing  member registered on ECR portal and subsequent seeding of  KYCs

Full implementation of the UAN will involve the following steps: 

i) Allotment of UAN (already allotted by EPFO can be downloaded 
from EPFO Website i.e. www.epfindia.gov.in ) 

ii) Dissemination of UAN (To be done by you(employer) in respect of your employee) 

iii) Capturing of KYC and communication of the same to EPFO. (To be done by you in respect of your employee).

iv) Continuous allotment of UAN to new members (To be done by you in respect of your employee). 






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