What is pan card? A PAN (Permanent Account Number) card is a unique 10-character alphanumeric identification number issued by the Indian Income Tax Department to individuals, entities, and organizations. The primary purpose of the PAN card is to track the…
Which person is creditworthy? A creditworthy person is someone who is considered a low-risk borrower by lenders, banks, and financial institutions. A creditworthy person has a good credit history, which indicates that they have been responsible in managing their finances…
What is the interest rate offered for Sukanya Samriddhi Yojana? The interest rate paid for Sukanya Samriddhi Yojana is reviewed and revised by the government every quarter. As of the quarter October-December 2021, the interest rate for Sukanya Samriddhi Yojana…
To withdraw the full amount from your Provident Fund (PF) account, you need to follow these steps: Check Eligibility You must be eligible to withdraw the full amount from your PF account. This means you must have completed at least…
There are various types of financial instruments available to investors in India. Here are some of the most common ones: These are just a few examples of the financial instruments available in India. Investors should carefully evaluate their investment options…
What is UAN Number in ePFO? UAN stands for Universal Account Number. It is a unique 12-digit number assigned to every employee who contributes to the Employee Provident Fund (EPF) in India. The UAN number remains the same throughout an…
The EPFO (Employee Provident Fund Organization) is a statutory body of the Indian government that manages the Employee Provident Fund (EPF), a retirement savings scheme for employees in India. The EPFO was established under the Employees’ Provident Funds and Miscellaneous…
How to activate UAN Number Online? To activate the Universal Account Number (UAN), you need to follow these steps: Once you have completed the registration process, your UAN will be activated and you will be able to access various services…
What is NBFC? – NBFC stands for Non-Banking Financial Company. It is a type of financial institution that provides financial services and products similar to banks, but it does not hold a banking license. NBFCs are registered under the Companies…
What is foreign exchange in india? Foreign exchange, often abbreviated as forex, refers to the process of buying and selling different currencies from around the world. In India, foreign exchange plays a vital role in the country’s economy, as it…
