An EPF account becomes inactive when it does notreceive contributions for 36 straight months. This can happen for various reasons, such as a change of employment or retirement.

Know-your-customer (KYC) details are vital for receiving updates from the Employees’ Provident Fund Organisation (EPFO) and availing of EPF benefits.

Know your customer documentation is essential for opening bank accounts and to prove one’s identification and address details. Failing to keep it updated may give way to misuse of accounts and possible fraud

However, one must weigh whether the benefits offered by the new lender can compensate for the prepayment charges of the existing loan.

The Reserve Bank of India (RBI), on May 19, 2023, announced the withdrawal of Rs. 2,000 currency notes, but they will continue to be legal tender.

If you are 60 years or older and have an account under the National Pension System (NPS), you can withdraw the accumulated funds in a lump sum or annuity.

The Reserve Bank of India has made it mandatory that a number of basic banking services should be made available to you at home if you are older than 70 years of age. Read on to know more