111Postal Blogs

NATIONALPENSION SYSTEM (NPS) Re-Published National Pension System (NPS) (previously called New Pension Scheme) was introduced with effect from 01.01.2004 replacing the earlier system of defined pension under CCS (Pension) Rules, 1972. Those central government employees appointed on after this date will be covered under the new scheme. Under the earlier system, assured pension and other benefits, based on the last pay drawn was available to be employees. In the NPS, 10% of the basic pay plus DA will be recovered from the salary of employees towards employees’ contribution. Equal amount will be contributed by Government as employer’s contribution. Both the contributions will be invested each month by the funds managers appointed by Pension Fund Regulatory Authority (PFRDA) against the distinctive PRAN (Permanent Retirement Account) in the name of the subscriber. Presently, the fund is managed by M/s National Security Depository Ltd. (NSDL), Mumbai. The funds are being invested with M/s L...

Erase and not just format data before selling your phone NEW DELHI: Before disposing off old gadgets like hard disk drives or mobile phones, you need to ensure that data is securely wiped -- not just formatted -- by a recognised software data erasure to avoid passing sensitive data to strangers, hackers and cyber criminals, warns a study. The findings, applicable to both individuals and corporates, showed that nearly all hard disk drives available on second-hand marketplace sites contain a huge amount of confidential data. "Most consumers in India are unaware that data can be recovered from their legacy drives and mobiles and steps like formatting are not enough for ensuring data privacy," said the study by data migration solutions provider Stellar Data Recovery. Consequently there is a grave risk of private and confidential data from these legacy devices being passed onto the buyer of such devices. The study exposed the non-familiarity of the vast majority of Indians with da...

Do you know where your Aadhaar has been used? This is how you can find out By  ET Online  | Updated:  Dec 09, 2017, 02.35  Do you know you can find out when and where your  Aadhaar card was used for authentication? Since Aadhaar is used for authentication to avail of several services, you might be worried about its misuse. The website of the Unique Identification Authority of India ( UIDAI ), the body that manages Aadhaar, has the provision of checking where and when your Aadhaar was used.  Follow these steps to know when and where your Aadhaar was used:  1. Go to Aadhaar authentication history page: https://resident.uidai.gov.in/notification-aadhaar   2. Enter your Aadhaar number and the security code in the picture.  3. Click on 'Generate OTP'.  4. You will receive an OTP on your mobile phone. Make sure you had verified your number with the UIDAI website.  5. You will see options to choose the period of information and the number ...

Govt to extend mandatory Aadhaar linking to March 31, 2018: Everything to know Here's how to link your Aadhaar with bank account, PAN card and phone number. The new deadline to link Aadhaar is March 31, 2018.   The Aadhaar card holders who have yet not done linked their bank account or PAN card with Aadhaar, they can breathe a sigh of relief. The Centre on Thursday informed the Supreme Court that it will extend the mandatory Aadhaar card linking deadline till March 31, 2018 for various services and welfare schemes. Meanwhile, the Supreme Court has set up a five-judge Constitution bench  to hear the plea of petitioners who have challenged this move of government of linking Aadhaar with various services on the grounds of right to privacy. The hearing will take place next week. While the deadline for bank account and PAN card have been extended, the last date for linking your mobile phone with Aadhaar remains February 6, 2018. The government earlier had announced December 31...

Five Savings Schemes You Should Consider For Investments Dear readers, you may be earning a lot but if you are not able to save enough, neither will you get money in times of need nor can you save on the taxes that you have to pay to the government. Thus, investing in the right savings schemes is of prime importance. The investment decision, however, is not that easy. One has to take care of several aspects like the returns it will generate, the lock-in period of investment, tax benefits and many more things. Here are five key savings schemes and the benefits that they offer: 1. Employee Provident Fund Employee Provident fund (EPF) is meant for salaried employees. EPF is a compulsory retirement savings scheme for public as well as private sector employees. The Employees' Provident Fund Organisation (EPFO) under the Ministry of Labour and Employment supervises this fund. Interest rate: The interest rate on EPF is decided by the EPFO board every year based on the weighted average ret...

Aadhaar linking deadlines for these 6 services are fast approaching       According to the government’s mandate, you have to link your Aadhaar with various key documents and services to continue using them. The deadlines for doing so are fast approaching, therefore, if you haven’t done it yet, it’s time to get a move on. Read on to find out how to go about the linking process. PAN You should visit the Income Tax website, enter your PAN and Aadhaar details, and complete the authentication process. Bank account You can link your bank account with your Aadhaar at a bank branch, or using Internet or mobile banking facilities. To do it through Internet banking, log in to your online banking account and click on the ‘Update Aadhaar’ link. Enter your Aadhaar details and submit it. Use the OTP sent to your registered number to complete the process. Mutual fund folio CAMS and Karvy Computershare offer an online facility for linking your Aadhaar to your mutual fund account. Go to t...