Technodealz - Technology Updates & News

  New Delhi, ANI.  Prime Minister Narendra Modi is addressing depositors under the scheme 'Depositors First: Guaranteed Time-Bound Deposit Insurance Payment Up to 5 Lakh' on Sunday.  He said that our government has tried to solve another problem by amending the law.  Earlier where there was no time limit for refund, now our government has made it mandatory within 90 days i.e. 3 months.  Even in case of bank collapse, depositors will get their money back within 90 days. The Prime Minister said that if any bank comes into trouble today, the depositors will definitely get up to Rs 5 lakh.  With this, the accounts of about 98% people have been completely covered. During this, he said, today is a very important day for the banking sector for the country and for crores of account holders of the country.  Keeping the spirit of 'Depositors First: Depositors First' in the name given to today's event is making it more accurate. PM Modi said that in the last few ...

  LPG Subsidy Update: If tax subsidy money has not arrived in your account yet, then you can check by following the steps given below. LPG Subsidy Update: If you use domestic gas cylinder, then there is important news for you.  (LPG gas cylinder) The subsidy money has once again been transferred to the customers' account by the government.  Let us tell you that now LPG gas consumers are being given subsidy ranging from Rs 79.26 to Rs 237.78 per cylinder.  In such a situation, if you also buy LPG gas cylinder and subsidy money is not coming in your account, then you can also complain about it. THERE WAS A PROBLEM WITH THE SUBSIDY 79.26 per cylinder is being given as subsidy to LPG gas consumers.  But, customers are getting different subsidies.  In such a situation, people are confused that how many times they are getting subsidy.  Actually, many people are getting a subsidy of Rs 79.26, while many people are getting a subsidy of Rs 158.52 or Rs 237.78....

  Telecom Department deactivate extra SIM: The Telecom Department has asked the customers having more than 9 connections to re-verify the SIM. Telecom Department deactivate extra SIM: If you have also got many SIM cards allotted in your name, then this news is of your use.  The Department of Telecom has asked to re-verify the SIM of customers having more than 9 connections across India and if these SIMs are not verified, then an order has been issued to disconnect them.  In the cases of Jammu and Kashmir, North East and Assam, the SIM of the customers having more than 6 connections will be verified. CUSTOMERS WILL HAVE THE OPTION TO CHOOSE According to the order issued by the Telecom Department on December 7, subscribers will be given the option to choose which connection they want to continue and which they want to deactivate. DoT in its order said, “If the data analysis of DoT finds that a person has more than 9 connections (6 in case of J&K, Northeast and Assam LSA...

  If you have also opened multiple bank accounts, then there is news of work for you.  You may suffer financial loss from multiple bank accounts. New Delhi:   If you also have more than one bank account, then definitely read this news.  With multiple bank accounts, you can suffer financial loss as well as many other losses.  Tax and investment experts also recommend keeping a single account, saying that having a single bank account makes it easier to file returns.  Let us know the drawbacks of having more than one account.  WHAT ARE THE DISADVANTAGES? If you maintain an account in many banks, then the first disadvantage is about the maintenance.  Actually, every bank has its own separate maintenance charge, debit card charge, SMS charge, service charge, minimum balance charge.  That is, for the number of banks in which you have accounts, you will have to pay different charges.  Also, if the minimum balance is not maintained, then ba...

  Taxpayers should remain alert about six categories of high value transactions, especially those done in cash, as the Income Tax Department has become highly vigilant, according to tax experts. Banks, intermediaries and other establishments will report high value transactions of all customers to the Income Tax Department and non-reporting of the same will result in notices being issued, Abhishek Murali, Chairman Direct Taxes Committee, Southern India Regional Council of Institute of Chartered Accountants of India. Six categories of high value transactions will come under scrutiny of the Income Tax Department. This includes all cash deposits aggregating to ₹10 lakhs or more during the year, which would be reported by commercial and Co-operative banks. Credit card cash repayments aggregating to ₹1 lakh or more and if the total payments aggregate ₹10 lakhs or more through any mode (cash/transfer/cheque) during the year will also get reported. Purchase of foreign exchange of currency ...

  Recently, I was talking to a friend of mine. His cashflows are irregular due to the nature of his family business. He told me that even though he understood the benefits of SIP, he didn’t have the regular cashflows to match SIP schedules. He wanted to know when and how he could invest lump-sums in equity funds. While SIPs hog all the limelight, they are not the only means to investing in mutual funds. You can always invest lump-sums as well. The primary reason why lump-sums aren’t discussed much is that most people generally don’t have a lot of spare money. Most often than not, people get some spare money in the form of an annual bonus or performance incentive, or from the sale of some assets, etc. Or, as in case of my friend, his irregular business income provides for the occasional spike in surplus money he has and that can be invested. Is there a right time, then, to invest lump-sum amounts? Timing lump-sum investments It is simple. Mathematically speaking, a lu...

  Other than insurance-related benefits, the EDLI scheme, which is available to every Provident Fund (PF) account holder, provides other benefits as well. EPFO’s EDLI Scheme:  Did you know that the Employees’ Provident Fund (EPF), besides being a trusted investment scheme for salaried employees, comes with various other benefits for them? Let us tell you about one such benefit here. Under the Employees’ Deposit Linked Insurance (EDLI) scheme, Employees’ Provident Fund Organisation (EPFO) account holders can become eligible for assured life insurance benefits of up to Rs 7 lakh, without having to pay any amount as premium. Sounds great, right?  Other than insurance-related benefits, the EDLI scheme, which is available to every Provident Fund (PF) account holder, provides other benefits as well. Read below for details: Maximum assured insurance benefits:  Under this, the legal heir of a PF account holder will get up to Rs 7 lakh in the event of the demise of the EPF me...