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Samraat Jadhav |2136 Answers |Ask -Follow

Stock Market Expert - Answered on Sep 20, 2023

Samraat Jadhav is the founder of Prosperity Wealth Adviser.
He is a SEBI-registered investment and research analyst and has over 18 years of experience in managing high-end portfolios.
A management graduate from XLRI-Jamshedpur, Jadhav specialises in portfolio management, investment banking, financial planning, derivatives, equities and capital markets.... more

Question by Chandrasekhar on Sep 19, 2023Hindi

Money

I have a demat account. I have requested to delete my salary account and add pension account since I am retired. I have submitted the application along with required docs. They are saying my signature and name differ and not acknowledged kyc submitted. What I have to do to add new account.

Ans: your broker will help you, if there is a name difference then you must connect with your bank to solve this issue and give relevant documents to the broker.

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

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Asked by Anonymous - Oct 30, 2024Hindi

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I am retired on 31/12/2024 due to mismatched of name spelling my dept not forward my documents to prosid my pension.my name is same but spelling are different please guide me.

Ans: Hello;

You may submit a joint declaration with your employer and supporting documents to the Regional PF Commissioner for your name correction as per PAN. Take proper acknowledgement.

Follow up regularly with the concerned authorities to ensure your request is being processed timely.

The EPFO usually takes 15–30 days to process a name change request. The processing time may vary based on the efficiency of the regional EPF office.

Name has to be strictly same as per your PAN, Aadhar, bank and even spelling change is flagged as per EPF system.

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What happens if UAN is not activated due to name mismatch?

Ans: Hello;

You will have to resolve the name mismatch by following the due process.

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Asked by Anonymous - Dec 21, 2024Hindi

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I am having about 2 lakh in my PF out of which, ,I am allowed to borrow 1.5 lakh for housing purpose. After borrowing 1.5 lakh I am willing to pay the amount back to PF in small installments every month other than employee contribution. But my employer never entertain the voluntary contribution. Is there any other way to return back the amount borrowed from Provident Fund.

Ans: Hello;

You may consider it as partial withdrawal from EPF for house purchase.

No need to repay it. It's your own money which you are allowed to partially withdraw subject to certain conditions.

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Question by VEDANTAM - Jan 02, 2025Hindi

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Hdfc Std Life always lags it's peers, particularly not doing well at all of late. Returns have dwindled. Recommendation?

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You may consult a sebi registered research analyst for more appropriate feedback.

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I am 57 years old, have 3 cr in stocks and mutual funds, and I intend to invest another 2 cr because I make 1 cr a year. After reiteration, my monthly expenses would be 2.0 lacs. Could you please tell me if this is enough money to retire?

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You will need a minimum corpus of 6 Cr to generate post-tax monthly income of 2.1 L+ through annuity.(6% annuity rate considered)

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Hi, My age is 42, salaried 1.5 lakhs per month in chennai, 2 school going kids. Own appartment worth 50 lakhs-- 8 yrs to complete the loan. also own Ancestor property 2 houses in same city. Wife working as teacher in small school. Regarding expenses, home loan 45k, house hold expense 50k, gold -7K, Mutual funds-- 15K, Shares--10K, NPS--- 5K. Till date my total savings is equity portfolio 21lakhs, Mutual fund-6 lakhs, EPF - around 23 lakhs i plan to retire in next 10-12 years, expecting my corpus atleast 3 to 5 crores, can you suggest best way to realign my portfolio Tnx in advance

Ans: Hello;

What is the current value of your share in the ancestral property?

Are you in a position to sell it whenever you want or it depends on concurrence of other people?

Please clarify.

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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