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  • Mahtari Vandana Yojana: Women will get Rs 25,000 under this government scheme

    Mahtari Vandana Yojana: Women will get Rs 25,000 under this government scheme

    Mahtari Vandan Yojana: Chhattisgarh government is set to launch a new initiative under the Mahtari Vandan Yojana. Where women will receive 25 thousand rupees. However, these funds will be provided to women as a one-time lump sum loan. Now be aware of the name of this scheme too. The scheme is called ‘Mahatari Shakti Loan Scheme’.

    What is the aim of the scheme?

    This initiative has been introduced by O.P. Choudhary, the Finance Minister of Chhattisgarh. Chairman Vinod Arora of the State Rural Bank was also present at the scheme’s launch. In order to benefit from this program, women must hold an account at the State Rural Bank. The Finance Minister discussed various aspects of the scheme during this launch event. He stated, “This initiative is a significant move towards enhancing the economic power of the state’s mothers and sisters.”

    Obtain a loan of up to Rs 25,000

    Concurrently, State Rural Bank Chairman Arora shared the advantages of the scheme, stating that mothers and sisters with accounts at the State Rural Bank receiving funds from Mahtari Vandan Yojana can obtain a loan of up to Rs 25,000 without any formalities to initiate self-employment. The Rural State Bank will oversee this program. 

    Concerning this initiative, the government stated that the goal of the Mahtari Shakti Loan Scheme is to enable women in rural regions to become self-sufficient and enhance their economic empowerment. This program will not only support women economically but will also link them to self-employment opportunities. We want to inform you that prior to this election in the state, the BJP pledged to provide Rs 1000 each month to the women of Chhattisgarh through the Mahtari Vandan Yojana. Which the government is currently executing. At present, 70 lakh women in the state are benefiting from this program.

  • EPFO 3.0: New year gift! ATM limit to PF amount, these things going to change

    EPFO 3.0: New year gift! ATM limit to PF amount, these things going to change

    EPFO 3.0: In 2025, plenty of positive updates await PF members. The government plans to implement numerous enhancements in the operation of the Employees’ Provident Fund Organization (EPFO). Significant changes are being implemented in it. It is thought that in this way, the operation and administration of the PF account will be significantly simplified. What adjustments will be accessible to EPF members in 2025? What amenities will be provided with this? All of this can be found in detail within this post.

    Let’s find out the answers related to EPFO 3.0

    The existing process under EPFO is outdated. Reports indicate that steps are underway to upgrade this whole procedure. Similar to the banking system, the central government plans to overhaul the EPFO system too. Several media reports indicate that in the future, similarly to how all banking activities are conducted online, all tasks related to EPFO will be accessible online. EPFO account holders will receive EPFO ATM Cards, similar to bank debit cards. Until now, withdrawing money from an EPF Account involved a lengthy process.

    Taking out money will be as simple as withdrawing cash

    However, taking out money will be as simple as withdrawing cash from an ATM. At present, this is merely a suggestion. It is under consideration. If put into action, it will greatly simplify matters for EPF members.

    A different significant reform is also under discussion. At present, only 12 percent of workers’ salaries may be contributed to EPFO. However, in the future, if you wish to contribute more of your earnings, that will be an option as well. In other words, members might have the chance to contribute more than 12 percent of their earnings to PF. This will additionally enhance your retirement. This will provide a chance to enhance your future stability based on your preferences.

  • EPFO: Deadline extended to December 15! last chance for PF account holders!

    EPFO: Deadline extended to December 15! last chance for PF account holders!

    EPFO: The Employees’ Provident Fund Organization (EPFO) has announced an important update about the activation of the Universal Account Number (UAN) for workers. It has been announced that the UAN activation deadline is being prolonged.

    Deadline will be extended to December 15!

    It has been announced that the deadline will be extended to December 15th. In truth, the cutoff for UAN activation concluded on November 30th. In this context, it appears that this deadline has been prolonged to December 15th following grievances from workers and business proprietors. It has been stated that the UAN of individuals who started their jobs in the current financial year ought to be active.

    The deadline for activating UAN and linking Aadhaar to bank accounts has been pushed to December 15. It is essential to verify that the UAN of individuals who started working in the current financial year is active. ‘The management of the companies has been advised by the EPFO that the benefits of ELI schemes will only be accessible at that time.’ It has been made clear that the UAN activation must be finished promptly without delaying until the last moment.

    The central government revealed three ELI schemes in this year’s annual budget announcement. Under Scheme-A, it has been noted that individuals starting their jobs for the first time will be recognized through their EPFO accounts, and they will receive one month’s salary as a bonus. Up to Rs. Fifteen thousand will be disbursed in three payments.

    Only individuals earning a maximum salary of Rs. Eligible are those earning 1 lakh monthly. Scheme-B offers motivations for both the employee and the company management to promote job creation in the manufacturing industry. For those joining the job for the first time, companies are provided with incentives to contribute to EPF in specified pay scales for the first four years.

  • Ladli Behna Yojana Update: When Will the ₹2100 Installment Arrive? Know What CM Devendra Fadnavis Announced

    Ladli Behna Yojana Update: When Will the ₹2100 Installment Arrive? Know What CM Devendra Fadnavis Announced

    The Mahayuti alliance benefited significantly from Chief Minister Majhi Ladki Behna Yojana (Ladli Behna Yojana Maharashtra 2024) during the assembly elections. Women voters overwhelmingly supported Mahayuti candidates, leading to a landslide victory with 235 seats.

    After assuming the Chief Minister’s office, Devendra Fadnavis provided an important update regarding the Ladli Behna Yojana. The government had promised to provide ₹2100 to economically backward women under the scheme if Mahayuti came to power again. When asked about fulfilling this promise, Fadnavis responded with clarity on the matter.

    When Will Ladli Behna Get ₹2100?

    Devendra Fadnavis confirmed that the Chief Minister Meri Ladli Behna Yojana will continue, and the promised ₹2100 will be provided. He mentioned that the decision would be considered during the budget. However, this can only be done after properly channelling financial resources. Fadnavis emphasized that the government is firm in its decision to fulfil all the promises made and will first arrange the necessary resources.

    Investigation of Ladli Behna Yojana Beneficiaries

    There has been speculation that the applications of women beneficiaries of the Ladli Behna Yojana will be investigated, with discussions suggesting some women may be excluded from the scheme. Fadnavis addressed this concern, stating that if anyone has taken benefits without meeting the scheme’s criteria, it will be reviewed. However, those who meet the criteria will not be removed from the list. He acknowledged some complaints about women receiving benefits despite not fitting the scheme’s eligibility requirements.

    Fadnavis Explains the Process

    Fadnavis drew a parallel with PM Modi’s Kisan Samman Yojana, where initially, some big farmers received benefits even though they didn’t meet the criteria. Many farmers themselves pointed out the discrepancy, leading to a reevaluation of the plan. Similarly, if any women beneficiaries of the Ladli Behna Yojana are found to be ineligible, their cases will be reconsidered.

  • Green Deposit FD: Special fixed deposits in 2 banks, one is SBI,

    Green Deposit FD: Special fixed deposits in 2 banks, one is SBI,

    Green Deposit FD: Special fixed deposits are available for a short period. Investors have the option to invest a one-time sum and withdraw upon maturity. Special FDs may be classified as callable or non-callable. The length of the special FD can range from several days to over 5 years. Banks frequently provide elevated interest rates in special fixed deposits relative to those available in conventional fixed deposits. Both State Bank of India (SBI) and Canara Bank provide Green Deposit FDs. These FDs allocate funds to eco-friendly initiatives and offer lasting advantages to their investors through interest.

    Green deposit FDs from SBI and Canara Bank

    Learn about the green deposit FDs from SBI and Canara Bank, their interest rates for both regular and senior citizens, and the maturity amounts for investments of Rs 5 lakh and Rs 10 lakh. SBI offers 3 unique FDs under this scheme, with tenures of 1,111 days, 1,777 days, and 2,222 days, respectively.

    In the retail sector, the FD provides an interest rate of 6.65 percent to the general public. Elderly individuals receive a 7.15 percent interest rate on the exclusive SBI FD. Canara Bank provides special FD options for 1,111 days, 2,222 days, and 3,333 days through this program.

    The bank provides a 6.70 percent interest rate to the public on its special fixed deposit for 1,111 days. It provides a 7.20 percent interest rate for senior citizens in the same fixed deposit. With an interest rate of 6.65 percent, the projected interest will amount to Rs 1,11,160.13, while the expected maturity sum will be Rs 6,11,160.13.

    Regular citizens will receive approximately Rs 2,22,320.27 in interest and an estimated Rs 12,22,320.27 upon maturity. With an interest rate of 7.15 percent, senior citizens can expect to receive approximately Rs 1,20,372.50 in interest and around Rs 6,20,372.50 at maturity. With an interest rate of 6.70 percent, the projected interest on an investment of Rs 5 lakh will amount to Rs 1,12,075.69.

  • Are Loan Interest Rates Set to Drop? Know RBI’s Big Decision on the Matter

    Are Loan Interest Rates Set to Drop? Know RBI’s Big Decision on the Matter

    The Reserve Bank of India (RBI) will announce the decisions from the bi-monthly review meeting of the Monetary Policy Committee (MPC) today, Friday. The policy interest rate decision was finalised during the three-day review meeting that began on Wednesday. This meeting occurred amid rising inflation and weak GDP figures. Experts believe the central bank may keep the short-term lending rate, i.e., the repo rate, stable. However, given the mixed economic trends, the MPC might consider altering the cash reserve ratio (CRR).

    Last MPC Meeting of Shaktikanta Das’s Tenure

    The Monetary Policy Committee (MPC) is the main body responsible for decisions on monetary policy, led by Reserve Bank of India (RBI) Governor Shaktikanta Das. The committee consists of six members, including the governor. According to a post on the social media platform X, Shaktikanta Das will announce the decisions from the MPC meeting at 10 AM on Friday. This will be the last MPC meeting during Das’s current tenure, which ends on December 10. Since February 2023, the RBI has kept the repo rate at 6.5%. The government has tasked the RBI with ensuring that retail inflation stays at 4%, with a variation of 2%.

    Low Hopes of a Rate Cut

    People in India are hoping for lower interest rates on personal, home, and auto loans. A cut in the repo rate would make it possible for loan interest rates to decrease. The repo rate is the rate at which the RBI lends money to banks. If banks get cheaper loans, they can offer lower-interest loans to customers. However, experts say there is little chance of a rate cut this time. They believe any relief might only come in 2025. An SBI report says, “We do not expect a rate cut this financial year. The first rate cut may happen in April 2025.”

    RBI Maintains Repo Rate at 6.50% for 11th Time in a Row

    The Reserve Bank of India (RBI) decided to keep the repo rate unchanged at 6.50% during its latest Monetary Policy Committee (MPC) meeting, marking the 11th consecutive time this rate has remained stable. The central bank continues its cautious stance, prioritizing inflation management within the target range of 4% ± 2%. With no change in the repo rate, borrowers across personal, home, and auto loans may not see a reduction in interest rates for now. Experts predict that rate cuts might only occur in 2025, depending on economic conditions and inflation trends.

  • Canara Bank updated interest rate, higher than many popular banks

    Canara Bank updated interest rate, higher than many popular banks

    Canara Bank Updated Interest Rate: A few days ago, Canara Bank, a public sector bank, made an important announcement. It announced that it has adjusted the interest rates for retail fixed deposits under Rs. 30 million. It has been made clear that these updated interest rates will take effect starting December 1, 2024.

    Providing interest rates between 4 percent and a highest of 7.90 percent

    Following the revision, it has stated that it is providing interest rates between 4 percent and 7.40 percent across different tenures for regular customers. It has been stated that it is providing interest rates between 4 percent and a highest of 7.90 percent for elderly individuals. Individuals seeking a reliable income may choose fixed deposits. Nonetheless, based on their financial requirements, they can achieve higher returns by saving in any bank that provides more favorable interest rates.

    Let’s find out which bank offers the highest interest rates

    Now let’s contrast the new interest rates at Canara Bank with those at major banks such as State Bank of India and HDFC Bank. Let’s investigate which bank offers the highest interest rates. Canara Bank presently provides the most competitive interest rates on term deposits ranging from three to five years. It provides a 7.40 percent interest rate for general customers, 7.90 percent for senior citizens, and 8.14 percent for super senior citizens.

    State Bank of India (SBI) provides the top interest rates for term deposits lasting between two to three years. While it provides 7 percent interest to regular customers, it grants 7.50 percent interest to elderly individuals. HDFC Bank provides the best interest rates on deposits ranging from two years and 11 months to 35 months. It provides a highest interest rate of 7.85 percent for elderly individuals.

    In the case of ICICI Bank, it provides seniors with a highest interest rate of 7.80 percent for FD tenure deposits ranging from 15 months to 18 months. Punjab National Bank is providing 7.55.

  • This SBI FD scheme only for 444 days, offering a higher interest rate

    This SBI FD scheme only for 444 days, offering a higher interest rate

    SBI FD: SBI’s Amrit Vrishti scheme is a time-bound fixed deposit (FD) program offering an elevated interest rate. Its duration is 444 days. SBI offers a 7.25 percent interest rate for regular citizens, whereas senior citizens receive a 7.75 percent interest rate through this guaranteed return plan.

    Accessible to both resident and non-resident Indian clients

    The program is accessible to both resident and non-resident Indian clients. The program began on July 15, 2024, and will be accessible until March 31, 2025. 

    You will be required to pay a fee for early withdrawal as detailed below:

    – 0.50% for deposits not exceeding Rs. 5 hundred thousand

    – 1% for deposits exceeding Rs. 5 lakh yet under Rs. 30 million

     

    – No consequences for employees and SBI retirees

    Interest rate of 6.80 per cent on a 1-year fixed deposit

    SBI offers an interest rate of 6.80 per cent on a 1-year fixed deposit. SBI offers an interest rate of 6.75 percent on a 3-year fixed deposit. For a 5-year FD, SBI offers an interest rate of 6.50 percent. Senior citizens investing Rs 3,00,000 will receive Rs 29558.32 as interest at a rate of 7.75 percent, with a total maturity amount of Rs 329558.32.

    Ordinary citizens will receive interest at a rate of 7.25 percent

    While ordinary citizens will receive Rs 27572.34 in interest at a rate of 7.25 percent, the total maturity amount will be Rs 327572.34. For a Rs 5,00,000 investment.

    Senior citizens will get interest at a rate of 7.75 percent

    Senior citizens will obtain Rs 49263.86 in interest at a rate of 7.75 percent, with a maturity amount of Rs 549263.86. In contrast, regular citizens will receive Rs 45953.90 in interest at a rate of 7.25 percent, and the total maturity amount will be Rs 545953.90.

    Disclaimer : For any financial invest anywhere on your own responsibility, Times Bull will not be responsible for it.

  • Gold Price Today – Check 18K, 22K & 24K Gold Latest Rate per Tola

    Gold Price Today – Check 18K, 22K & 24K Gold Latest Rate per Tola

    Gold Price Today: Gold and silver prices have once again increased. Gold prices continuously improve—the demand for gold increases during the wedding season. Women get a lot of gold jewellery made.

    This is why there is a tremendous jump in the price of gold. If you are thinking of buying gold and silver, then let us tell you that today, on the morning of 0 December 2024, there was an increase in the prices of gold and silver, but after the evening,g there has been a slight decline in the prices of gold.

    Gold is still above Rs 76 thousand per 10 grams, while silver is higher at Rs 91 thousand per kg. At the national level, the cost of 24 carat 10 grams of gold with 999 purity is Rs 76538. At the same time, the price of silver with 999 purity is Rs 91090. So let us know what the price of gold and silver is today.

    What is the gold rate today?

    According to the official website ibjarates.com, today, 995 purity gold is Rs 76147 per 10 grams, which was Rs 76232 per 10 grams till morning. At the same time, the cost of 916 (22 carat) purity gold was Rs 70109 per 10 grams till morning, which has now come down to Rs 70031 per tola.

    The 750 (18 carats) purity gold rate is Rs 57340 per 10 grams after the reduction, which was Rs 57404 per 10 grams till morning. At the same time, the price of 585 (14 carat) purity gold was Rs 44775 per 10 grams till morning, which is now Rs 44725 per 10 grams after the reduction.

    Check gold rates by missed call.

    You can also check the price of gold and silver through missed calls. To find the cost of 22-carat and 18-carat gold, you have to give a missed call to 8955664433. You will get the rate information through SMS in a short while.

    Let us tell you that the prices released by the Indian Bullion Jewelers Association provide information about the standard cost of gold of different purities. All these prices are before tax and making charges. GST is not included in the prices.

  • PM Suryaghar Yojana Update: What is PM Suryaghar Yojana? Know How to Maximize Benefits of This Popular Scheme

    PM Suryaghar Yojana Update: What is PM Suryaghar Yojana? Know How to Maximize Benefits of This Popular Scheme

    PM Suryaghar Yojana: According to a statement made in Parliament, around 1.45 crore registrations and 6.34 lakh installations have been completed under the PM Surya Ghar Free Electricity Scheme. The scheme was launched by the Prime Minister to achieve 1 crore rooftop solar installations in the residential sector by FY 2027, for which a budget of Rs 75,021 crore has been allocated. Union Minister of State (MoS) for New and Renewable Energy and Power, Shripad Naik, told the Rajya Sabha in a written reply that the national portal has reported a total of 1.45 crore registrations, 26.38 lakh applications, and 6.34 lakh rooftop solar installations.

    So Many People Received Subsidy

    According to the MoS, subsidies have been issued to 3.66 lakh applicants, and they are regularly released within 15 to 21 days. Gujarat has installed the highest number of solar power plants, with 2,86,545 installations under this initiative. Maharashtra follows with 1,26,344 solar power plants, while Uttar Pradesh has installed 53,423 solar power plants. Minister of State Naik mentioned that the ministry is working closely with all stakeholders, including REC, Discoms, and vendors, to address any challenges hindering the successful implementation of the scheme.

    300 Units of Free Electricity

    PM Modi launched the Rooftop Solar Yojana to provide free electricity to consumers. This project, with an investment of over Rs 75,000 crore, aims to light up 1 crore homes by providing free electricity for up to 300 units every month. The central government is ensuring that people don’t bear any cost burden, offering substantial subsidies directly to their bank accounts and heavily subsidized bank loans.

    Increase in Income, Reduction in Electricity Bills

    To make the scheme popular at the grassroots level, urban local bodies and panchayats have been encouraged to promote rooftop solar systems in their areas. Additionally, the scheme is helping increase people’s income, reduce electricity bills, and create employment opportunities.

    Here’s how to apply online for PM Suryaghar Yojana:

    1. Visit the official portal: Go to solarpanel.gov.in.
    2. Register: Create an account with your details.
    3. Fill Application: Complete the form with household and rooftop details.
    4. Select Vendor: Choose an approved vendor or Discom.
    5. Upload Documents: Submit necessary documents like ID and address proof.
    6. Submit: Submit the application and track its status.
    7. Installation: Once approved, the vendor installs the panels, and the subsidy is applied.
  • From plastic body to fully digital! PAN 2.0 features will amaze you

    From plastic body to fully digital! PAN 2.0 features will amaze you

    PAN 2.0 Update: Your identity as a taxpayer, displayed in black text on a light blue plastic card, will soon be a thing of the past. Indeed, we are discussing the new PAN card. The updated version of the PAN card. This will not be a synthetic card. You also won’t be able to keep it in your pocket. You won’t be able to sense it by feeling it with your fingers. Its text will also be unseen.

    Everyone will be compelled to recognize it as a legitimate proof of your identity

    However, every demonstration of your identity will be so precise that everyone from governmental bodies to entrepreneurs will be compelled to recognize it as a legitimate proof of your identity. PAN, or Permanent Account Number, continues to serve as a distinctive identifier for income tax transactions.

    will verify your actual identity as an income taxpayer solely via a QR

    However, the updated version of the PAN card, which is currently unseen, PAN 2.0 is entirely digital. This updated version of the PAN card, which is entirely digital, will verify your actual identity as an income taxpayer solely via a distinctive QR code. According to the decision made by the Government of India last week, it may also serve as a legitimate document along with the Aadhar card. Until now, the PAN card did not possess this status. You can utilize PAN 2.0, the updated digital PAN card, as an identification proof for accessing hotels, airports, railway stations, and more.

    Will also serve as your identity for GST registration

    It can also serve as your identity for GST registration, Direct Identification Number, or company registration. This distinct QR code for PAN 2.0 will be sent to your email.

  • Benefits of Joint Home Loan with wife, you can save income tax up to 7 lakh rupees

    Benefits of Joint Home Loan with wife, you can save income tax up to 7 lakh rupees

    Do you know anything about Joint Home Loan with wife Benefits? Today, the majority of individuals obtain a mortgage to purchase a home. If you obtain this loan with your wife, you can save a significant amount of money. The primary benefit is that you can save taxes up to Rs 7 lakh, in addition to various other advantages. Understand the advantages of applying for a joint home loan alongside your spouse.

    Obtain a loan effortlessly

    Frequently, individuals struggle to obtain a loan because of insufficient credit scores, low earnings, or various debts and fluctuations in income ratios. In this scenario, a shared home loan is beneficial. In this case, the qualification for obtaining a loan improves by including an additional individual as an applicant. If the other party’s ability to repay the joint loan is strong, then obtaining the loan is straightforward. Nonetheless, this guideline is relevant for all kinds of joint loans, regardless of whether they are taken with a female applicant or a male applicant.

    Including your wife as a co-applicant for a joint home loan can result in a slightly lower loan cost. If the loan costs less, it will also influence your EMI. Typically, lenders provide a separate home loan interest rate for any female co-applicant. This rate is approximately 0.05 percent (5 basis points) lower than the rate. To benefit from this, the woman must personally own the property or share ownership.

    Loan limit will increase

    The loan is given to a single loan applicant according to his income. But the total income of both is seen in the joint loan. In such a situation, the limit of the loan amount increases. But keep in mind that the debt-to-income ratio of you and your co-applicant should not exceed 50 to 60 percent.

     you can save up to Rs 7 lakh in tax

    The biggest benefit of taking a joint home loan with your spouse is that you take income tax. On applying for a joint home loan, both the borrowers can take advantage of different income tax benefits. But this benefit will be available only when both are the owners of the property along with the applicant. If you take a joint home loan with your wife, you will get double the benefit in tax. On the principal amount, both of you can claim Rs 1.5-1.5 lakh i.e. a total of Rs 3 lakh under 80C.

    At the same time, both of them can take a tax benefit of Rs 2-2 lakh on interest under Section 24. In this way, you can get the benefit of tax up to Rs 7 lakh in total. However, it will also depend on how much your home loan is.  Both husband and wife will be equally responsible for taking a joint home loan. In such a situation, if the EMI is paid on time, it helps in improving the credit score of both. Apart from this, when both partners pay EMI together, there is no full burden on any one person.