The Employees Provident Fund Organization has asked pensioners to submit certain documents along with the claim for a higher pension. However, there are procedural hassles. Check the details.
The hike will allow FD customers to earn 8.20 per cent interest on investing less than Rs 2 crore for a tenure of 888 days. The bank is also increasing interest rates on investments for tenures ranging from 12 months to 24 months.
Last week, EPFO came out with a procedure to enable subscribers and their employers to jointly apply for higher pension under Employees' Pension Scheme (EPS).
The Employees Provident Fund Organisation specified in an office directive that field offices of the organisation would handle the 'Joint Option Form.'
Axis Bank currently offers interest rates on deposits maturing in 7 days to 10 years ranging from 3.50% to 7.00% for the general public and 6.00% to 7.75% for senior citizens.
The deadline for completing Form GSTR-3B for those filing monthly returns is the 20th day of the month following the tax period to which the return relates.
The fund, which was launched on January 9, 2023, will accept investments until January 18, 2023. Within five days of allotment, the scheme reopens for continuous sale and repurchase.
