BUSINESS

Pravaah Portal
BUSINESS

UPI Transactions: Great! Pay Double The Amount Now, Check How To Send Money Without an Internet Connection?

The Reserve Bank of India (RBI) has announced significant changes to enhance digital transactions from feature phones, enabling more users to participate in the digital economy. During the Monetary Policy Committee meeting on October 9, RBI Governor Shaktikanta Das revealed the decision to increase the limit for UPI 123Pay transactions from Rs 5,000 to Rs 10,000. Additionally, the limit for the UPI Lite wallet has been raised from Rs 2,000 to Rs 5,000.
2 Min read
EPF Interest rate
BUSINESS

EPFO to Soon Deposit Increased Interest in Provident Fund Accounts

For salaried individuals, staying informed about the latest updates from the Employees Provident Fund Organization (EPFO) is crucial. In February 2024, the EPFO announced an increase in the interest rate on Provident Fund accounts for the financial year 2023-24, raising it from 8.15% to 8.25%. However, many members are still waiting for the government to transfer this interest to their accounts.
2 Min read