Withdraw or not when you leave your job If you lose your job, you can withdraw money from EPF account or not, also know the answer. In fact, under the EPF scheme, the member has an option to withdraw the entire amount after the job is closed and to close the account. If the person is unemployed for more than two months, he can close the account. In such a situation, the lump sum can be withdrawn in full from the EPS and EPF account if the service is reduced by ten years. ESIC facilitates, no affidavit is needed for unemployment benefits People receiving unemployment benefits through the Employees’ State Insurance Corporation (ESIC) will no longer have to give any kind of affidavit. Instead, only the information and scan papers sent online by the insured person will be valid. The Union Labor Ministry has taken this decision in view of the difficulties faced by the people in making the affidavit. In the situation arising out of Corona, many workers had to lose their jobs. As a result of this, from March 24, 2020 to December 31, 2020, the Center decided to give unemployment benefits under the Atal Insured Persons Welfare Scheme.

According to the bank market, IDBI Bank and Canara Bank offer interest rates of up to 3.5 percent and 3.2 percent respectively on savings accounts.

New Delhi. Now there is very less interest on Savings Account in banks. In recent times, the interest rate on the amount deposited in the savings account has been continuously decreasing. Public sector banks offer a much lower rate of interest on savings accounts than private and small finance banks. However, some public sector banks offer higher interest on the savings account.

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According to data from Bank Bazaar.com, public sector banks like IDBI Bank and Canara Bank offer interest rates of up to 3.5 percent and 3.2 percent respectively on savings accounts. These interest rates are competitive as compared to private banks. For example, HDFC Bank and ICICI Bank offer 3 to 3.5 percent interest and Kotak Mahindra Bank offers interest rates of 3.5 percent to 4 percent. Recently, Canara Bank announced an increase in interest rates on fixed deposits.

Not SBI in the list of top 10 interest rate banks,

however, big public sector banks pay less interest to their savings account holders. For example, State Bank of India and Bank of Baroda pay 2.70 percent and 2.75 percent interest respectively. Bank of Baroda is at the bottom of the list of banks offering top 10 interest rates. The special thing is that SBI is not in this list.

Small Finance Banks are offering up to 7% interest on

Savings Account Interest rates offered by Small Finance Banks to Savings Account holders are higher than Public Sector Banks. For example, AU Small Finance Bank and Ujjivan Small Finance Bank are offering interest rates of 7 per cent and 6.5 per cent respectively.

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