Is using EPF amount to buy a new house a good idea?

Due to the high price of the properties, it’s impossible for most of the prospective buyers to purchase a flat or house by paying the entire amount upfront. In such situations, buyers turn to banks for home loans for which lenders seek a down payment of up to 20 percent. Arranging this kind of money for down payments can be a tough task for many. Some even think of retreating money from their Employee Provident Fund (EPF) accounts. But is it a wise idea? Let’s see how it works. As per the new EPFO rules, the subscribers can withdraw 90 percent of EPF accumulations to fund the purchase or construction of house or flat. You can additionally avail the interest payment subsidy on Pradhan Mantri Awas Yojana (PMAY) on the payments made for home buying through EPF. Moreover, to be eligible for withdrawal from EPF account, you must be associated with EPF for at least three years and have at least Rs 20,000 account balance. Looking at the benefits, it sounds a good option for salaried individuals. But is it really that smart? EPF is designed to provide a regular income stream for you in retirement. This is designed to meet your income requirements when you are no longer working. Hence, i

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Modi Govt Approves Reservation for Poor in General Category – 10 Per Cent Reservation

A proposition for 10 % reservation for People Who are Economically poorer and fall in the general category was accepted by the Union cabinet today. After the cabinet approval, the government will proceed to amend the Constitution so as to grant this 10 percent reservation for economically weaker in the general category He Narendra Modi government today approved a 10 percent reservation for economically backward upper castes in government jobs and education. A proposal for 10 percent reservation for people who are economically backward or poorer and fall under the general category was accepted by the Union cabinet today.Following the cabinet approval, the Narendra Modi government will Now proceed to amend the Constitution in order to {grant|give} this 10 per cent reservation for the economically weaker in the general category. (adsbygoogle = window.adsbygoogle || []).push({});So as to do so, the government will amend Articles 15 and 16 of the Constitution. Both of these amendments will provide reservation of not more than 10 percent to the economically weaker sections among castes that fall under the general category. This would benefit several upper castes through

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Travel Loan

Get A Travel Loan and See The World As You Were Meant To

Travelling to new locales, especially to international ones, is a delightful experience. You get a break from your daily life and a chance to explore new regions, new culture, new cuisine and new experiences. Moreover, if you travel with family, you can also spend quality time with your loved ones. Travelling, though delightful, requires money. You need to spend a considerable amount of money on planning a trip and if you travel overseas, the expenses multiply. Does this mean that you cannot enjoy the thrill of international vacations? (adsbygoogle = window.adsbygoogle || []).push({});No, it doesn’t. There are travel loans which help you travel and see the world with your own eyes. Do you know about them? Travel loans Travel loans are personal loans which you can avail for meeting travelling related expenses. Some lenders offer specialised travel loans while others offer personal loans for meeting your travel requirements. Features of travel loans There are certain aspects of travel loans which you should know about. These include the following –There is an eligibility criteriaTravel loans are not available for everyone. They have specified eligibility cr

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The Role of Commercial Signage in Building up a Successful Business

Competition is the hallmark of any kind of business and the logic of survival of the fittest is most applicable here. How you can make your business the fittest to withstand the ever increasing competition that prevail in the market. One of the best ways is to relay on Commercial Signage which is the most guaranteed tool or way for boosting your business. Without proper propagation and popularity, it is very difficult to hold a prime position in business world. Nothing else other than Commercial signage can help you in this regard in the most effective way. Investment of huge capital, a splashing show room or an array of employees and huge stock of goods cannot bring customers to any shop. People should know about your business and your specialties within short time but with utmost impact. Indoor and outdoor commercial signage functions masterly as an effective mediator between the entrepreneur and the customer. The commercial signage should be presented in such a way that it should speak volumes about the uniqueness of your products in few words or even through a single graphic signal, logo or picture. Preciseness is a key factor in creating commercial signage. Advertisements in

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Reasons For High Demand In Professional Accounting Services In India

If you follow the finance market and the emerging trends of it you will see that there is a steep rise in the demand for professional accountants in India. Especially in the business sector, large or small, all seems to rush for the best accountants and accounting service companies to maintain their financial records. You may tend to think about the reasons for such a surge in the demand and why the accountants are flourishing. Is it due to the recent regulatory changes made by the finance ministry that has fueled the demand for accounting services or is there any other reason. Well, a through probe into the matter will make things clear to you.The change in scenario The financial market and its policies have dramatically changed over the years and recently this change has been more significant. Since 2014, there have been a lot of reforms initiated by the Indian government to promote cashless and clean economy in the country. The most significant reform you may remember is the demonetization wherein the 500 and 1,000 rupee currency notes that were in circulation were suddenly declared invalid legal tender from the stroke of midnight in November 8, 2016. Later, the Goods And S

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Setting a New Benchmark in Crypto Currency Trading

Crypto currency is the means to achieve a fast and secure way of digital money exchange and our mission is to provide the products and services necessary for the crypto world to become the new mainstream. The future of finance is distributed. Democratization of finance has begun. The power is in everyone’s hands and we help to build this power. Ours is a unique blend of the innovative spirit and combined years of trading experience of a highly qualified team, which results in creating a truly revolutionary, yet very reliable and secure digital currency exchange platform for crypto currency traders. Our infrastructure includes an authorized digital asset exchange, copy-trading platform and fiat/crypto gateway fully compliant with strict requirements of regulators. Both neophyte investors and professional traders trade with us and our products and services have an universal appeal. To ensure that we are operating within a regulated environment and ahead of the curve when it comes to following the industry's best practices - is our primary goal. We are heavily focused on providing a secure, and legally compliant platform in the Crypto currency industry and being a trusted digital cu

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