Retirement: EPFO Issues 41.7 million UANs for Seeding with Workers’ KYC

Initiating the process of providing portable universal account numbers (UANs) to members, EPFO (Employee Provident Fund Organisation) issued 41.7 million UANs which would be operational only in October. The process of seeding with the know-your-customer (KYC) documents, like aadhaar card is expected to be complete by 15 September 2014. UAN is expected to improve the quality of service provided to workers in the organised sector, since they would not have to apply for a transfer of PF account claims on changing jobs. EPFO wants that the firms provide aadhaar/NPR number of workers (wherever available) and their bank account number (as part of the KYC details), as it will enable EPFO to provide services directly to the beneficiaries without the intermediation of employers.

User

Tax: Taxman To Write ‘Polite Letters’ to Assessees

The income-tax department has asked its officials to be more courteous while approaching taxpayers with queries regarding their financial transactions or returns. The I-T department had begun the practice of writing clarification-seeking letters to taxpayers some years back as part of its drive to collect additional revenue lying untapped, especially in cases of suspected non-disclosure or avoidance of tax by an individual or entity. The official letters sent by the respective I-T assessing officers (AOs), henceforth, would use ‘please’, ‘warm regards’ and ‘gentle reminder’ even as the taxpayer is addressed by name with proper salutation.

User

Wills: HDFC Securities Offers ‘e-Will’: What’s the Catch?

Preparing a Will is just a click away, as HDFC Securities has launched ‘e-Will’ writing service. To begin with, ‘Do it Yourself Will Service’ would be available to customers of HDFC Bank having a base of 28 million customers. HDFC Securities has 2 million users. A person can prepare a Will in “an easy and hassle-free manner by registering on the website”, HDFC Securities claims, and added, a person has to give list of assets and who one would like to bequeath them to. Savers are asking: ‘What is the catch? Why would a stockbroker offer such a service?’ Is it designed to ensnare more customers for the broking business?

User

COMMENTS

Suketu Shah

7 months ago

I keep receiving their sms tips every few weeks still.I have left them permanently 3.5 yrs ago on 1 march 2013.It shows VK Sharma and his team not only have no shame but are devoid of self-respect f any kind.

Suiketu Shah

3 years ago

The people heading hdfc securities are mentally sick.I have blacklisted hdfc bank and hdfc securities permanently in Feb 2013 and cancelled all my accounts with them.2 days ago I received a cal from their knajur Marg branch,Mumbai tel 67657862 asking me to be their client.Obviously this wasw not an accident.This newcomer who called me was told to call me by his seniors ie Naresh Revar and VKSharma of HDFC Securities both of who are real jokes and totally untrustworthy to stalk me and find out my new broker.I must say they stated me to my prevoious broker 21st century in March/April 2013 and also at my residence.

All I can say is stay far far away from HDFCSecurities,they are mentally sick people who wl stalk you for yrs together.Stalking is also a crime as per India law.

REPLY

r vasudevan

In Reply to Suiketu Shah 3 years ago

anything service offered by HDFC is a hoax including banking , they make killing with hidden charges ,i have proof

Suketu Shah

In Reply to r vasudevan 3 years ago

The worst thing is they are serial stalkers.Today I received a call from some Nirmal working in Edelweiss,equity division(who claimed he was my RM in HDFC Bank Tulsiani in Oct 2010 although I have never heard of him!)

He wanted a meeting with me intigated by HDFC securities.I asked him the mid/small cap he recommends and he told me names like Delta Corp("best to avoid" stock),etc.I told him I know about shares better than him and the next time hdfc securities calls me I wl break their bones.Serial stalkers,now they make their ex-staff stalk me!!

Pathetic beyond imagination.

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)