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The Universal Account Number (UAN) is a 12-digit number allotted to employees who contribute to an EPF. A UAN is generated for each PF member by the EPFO. The UAN acts as an umbrella for the multiple Member IDs allotted to an individual by different establishments and remains the same throughout the lifetime of an employee.
The Public Provident Fund (PPF) is a voluntary savings-tax-reduction social security instrument in India, [1] introduced by the National Savings Institute of the Ministry of Finance in 1968. The scheme's main objective is to mobilize small savings for social security during uncertain times by offering an investment with reasonable returns ...
Immediate Payment Service is managed by the National Payments Corporation of India (NPCI) and is built upon the existing National Financial Switch network. In 2010, the NPCI initially carried out a pilot for the mobile payment system with 4 member banks (State Bank of India, Bank of India, Union Bank of India and ICICI Bank), and expanded it to include Yes Bank, Axis Bank and HDFC Bank later ...
The external advisory committee headed by Nachiket Mor submitted its findings on 6 July 2015. The applicant entities were examined for their financial track record and governance issues. [12] On 19 August 2015, the Reserve Bank of India gave "in-principle" licences to 11 entities to launch payments banks. [12]
The corresponding instrument number and amount for any release would need to be entered in the system at the time of approval, before the actual transaction. Through the CPSMS-CBS interface, this information would be shared with the banks' CBS and an instrument of payment will be honored by banks only when the corresponding entry is received ...
Customers are given priority in purchasing commemorative or special-issue stamps, first-day covers and information sheets soon after their issue by opening a deposit account at any philatelic bureau. The number of philately deposit-accountholders grew from 23,905 in 1999–2000 to 168,282 in 2006–2007 and 183,202 in 2008–2009.
The total number of subscribers as of March 31, 2022, was 5.2 crore, up 23% from a year ago. Total NPS assets under management stood at ₹7,36,000 crore as of March 31, 2022, up from ₹5,78,000 crore as on March 31, 2021 [ 44 ]
PPF (company), a financial group founded in the Czech Republic; Production–possibility frontier, a graph on the goods that an economy could efficiently produce with limited productive resources; Public Patent Foundation, a US non-profit organization; Public Provident Fund, a savings-cum-tax-saving instrument in India