Statutory Provident Fund - For all industries employing 20 or more persons engaged in any industry specified in Schedule - I attached to the Employees' Provident Funds & Miscellaneous Provisions Act, 1952 or for all Establishments or classes of Establish- ments to which the said Act has specifically been made applicable by the Central Government by issue of notification in Gazette of India, such Provident Fund is compulsory for employees drawing salaries (Basic + DA) of upto Rs. 6500/- pm. See similar questions...

CPF is a comprehensive social security savings scheme to which both employers and employees have to contribute. CPF takes care of members' needs in retirement, healthcare, home ownership, family protection and asset enhancement. See similar questions...

It is a Fund built up by contributions made by the employee during his working life and an equal contribution by his employer @ 12% of his salary at present and is payable back to him together with interest on exit from employment. See similar questions...

The provident fund of the bankrupt will be considered as part of the bankrupt's assets subject to the provisions of individual provident fund. See similar questions...

The Alternative Investment Market (AIM) was launched in 1995 as a streamlined and simplified alternative for firms considering a listing on the London Stock Exchange (LSE). Although initially thought of simply as a stepping stone to the LSE, the success of AIM now means that it is seen as an alternative market in its own right. See similar questions...

The EPF is a form of compulsory savings for workers. 30% of this saving can be used for house purchases, 30% can be used to meet medical expenses and the balance can be fully withdrawn on retirement or when a person leaves the country for good. Currently, employees and employers contribute 11% and 12% of the employee’s monthly salary, respectively. All deductions and employer contributions should be noted in the employee’s salary slip. See similar questions...

A mutual fund scheme can be classified into open-ended scheme or close-ended scheme depending on its maturity period. Open-ended Fund/ Scheme: An open-ended fund or scheme is one that is available for subscription and repurchase on a continuous basis. These schemes do not have a fixed maturity period. Investors can conveniently buy and sell units at Net Asset Value (NAV) related prices which are declared on a daily basis. The key feature of open-end schemes is liquidity. See similar questions...

PR can withdraw their savings at age 55, after a Minimum Sum in their Retirement Account is set aside. Members can also withdraw their CPF savings if they are permanently incapacitated or will leave Singapore and West Malaysia permanently. If members do return to Singapore, they must reimburse the CPF Board for the amount they had withdrawn with interest. See similar questions...

CPF funds can be used for payment of tuition fees for Semester 1, 2 & special semesters for full-time undergraduate students only. CPF Board does not allow the use of such funds for Mandatory Miscellaneous fees and hostel charges. Online application can be made at CPF Board website. Please click here to know more about CPF Education Scheme. See similar questions...

Please refer to the table attached. Those not registered to contribute to EPF have to be registered through the R&D Office. Registration is effective throughout one's working life. See similar questions...

per the Act, the member has to contribute at the rate of 10% or 12% of his basic pay, D.A. & retaining allowance if any. In case the member wants to contribute more than this, voluntarily he can do so at any rate he desires. i.e. upto 100% of basic and D.A. But the employer is not bound to contribute at the enhanced rate. Use the appropriate form for claiming Provident Fund Pension, withdrawal benefit/scheme certificate, Employees' Deposit Linked Insurance benefit, etc. See similar questions...

An employee can be exempt from the provisions of the MPFSO under certain circumstances which include, inter alia, the following: permission is given for the person to land or remain in Hong Kong for the purposes of employment under the conditions of stay imposed in accordance with section 11 of the Immigration Ordinance (Cap. See similar questions...

Yes, there is no objection to Non Residents opening PPF account out of moneys held in the applicants non resident account in Indian Banks. See similar questions...

That depends on the strategy of the concerned scheme. But generally there are 3 broad categories. A dividend plan entails a regular payment of dividend to the investors. A reinvestment plan is a plan where these dividends are reinvested in the scheme itself. A growth plan is one where no dividends are declared and the investor only gains through capital appreciation in the NAV of the fund. See similar questions...

The securities in a UIT are professionally selected to meet a stated investment objective, such as growth, income, or capital appreciation. UITs employ a "buy-and-hold" investment strategy: once the trust's portfolio is selected, its securities typically will not be sold or new ones bought, unlike mutual funds. See similar questions...

Yes, A Public Provident Fund account can be transferred from one Head Post Office to another Head Post Office and one Head Post Office to a Bank or vice versa. If a subscriber of a Public Provident Fund account holder dies and there is no nomination who will get the deposited amount. See similar questions...

Comedo (whiteheads or blackheads) or papules. The comedo is the basic acne lesion, which is a plugged pore. If the plugged pore stays under the skin, it's called a closed comedo and forms a white bump or whitehead. Blackheads are comedos that open up and appear blackish on the surface of the skin. This black color is not due to dirt, but because the air reacts with the excess oil. Nodules. These are more serious acne lesions. They lodge deeper in the skin, are painful, and can cause scarring. See similar questions...

Stress incontinence occurs when you sneeze, cough, laugh, jog, or do other activities that put pressure on your bladder . It is the most common type of urinary incontinence in women. Urge incontinence, also called overactive bladder, occurs when the sensation to urinate is so strong that you cannot reach the toilet in time, even when your bladder contains only a small amount of urine. See similar questions...