Budget 2020

How mutual fund investors can make the most of MFU’s scheduled transactions facility

Mutual fund investors who use the mutual fund utilities (MFU) platforms can schedule their transactions to purchase, switch or redeem funds. The advantage of this facility is that it allows the unit holders to carry out transactions immediately from the next business day, instead of a lead time of T+15 days with a mutual fund. […]

Budget 2020

PFRDA extends direct remittance facility for non-resident subscribers of NPS

NEW DELHI: The Pension Fund Regulatory and Development Authority (PFRDA) on Thursday said NRI subscribers are allowed to use the direct remittance, or D-Remit, facility that will facilitate automated contributions to NPS from their bank accounts. PFRDA has now decided to extend the option of contribution into NPS (National Pension System) through D-Remit to NRI-NPS […]

Budget 2020

How to transfer equity shares online using CDSL’s ‘Easiest’ facility

Central Depository Services Limited (CDSL) provides a facility for investors to transfer shares online from one demat account to another. This transfer can be made as a gift or for any such reason in the form of an off market transfer. Register for Easiest One can register for CDSL’s ‘Easiest’ through https://web.cdslindia.com/myeasi/Registration/EasiestRegistration. Here the investor […]

Budget 2020

Bags-on-wheels facility to make rail travel easier

New Delhi: Carrying your luggage to and from railway stations is going to get easier. The city division of Indian Railways will soon be providing an application-based bags-on-wheels (BOW) service, making travelling easier for passengers. It would be first-of-its-kind facility for railway commuters in India. The Delhi division recently awarded a contract to a private […]