What I understand is, if the money in the EPF account is not withdrawn within 3 years from the date of cessation of employment, the account would be converted into an inoperative account. The amounts lying in inoperative accounts which have remained unclaimed for a period of 7 years will be transferred to the Senior Citizens’ Welfare Fund. After being transferred to this fund, in case the amount still remains unclaimed for 25 years since the date of transfer, the central government will escheat the amount. So in your case, you can still claim the amount, though the procedure might be lengthier. It is best to visit the concerned Regional PF Office where the account is held, meet a few people and find out the exact procedure.
Posts in category Value Pickr
Smallcap momentum portfolio (13-06-2024)
@visuarchie How you address diversify the momentum strategy, among sectors? Any one reply.
Manappuram Finance (13-06-2024)
Dear All,.
My book on what’s happening to the US Dollar and hence Gold prices - https://bit.ly/3z4ITqR
Forewords to the book has been written by two renowned investors / economists - Dr.Marc Faber and Doug Casey. Snippets are included in the back cover of the book.
If the moderator feels appropriate, the book may kindly be shared in other stock groups as well.
Thanks,
Digispice – play on the rural economy (13-06-2024)
The kirana store gives you cash from his cash in hand. At the backend, the Spice app using the AePS network facilitates the transfer of funds from the withdrawer bank account into the account of the kirana owner thus completing and balancing the transaction.
So yes, if the kirana owner runs out of cash, he cannot service further customers unless he goes to bank or arranges cash in some other way (or via other sales he makes).
MSTC Ltd.: Growth through to E-Commerce (13-06-2024)
This looks like from Trendlyne.
Hope it helps.
Chins’ Portfolio (13-06-2024)
Hi @Chins,
What do you feel about the results of Kanchi Kapooram & Mangalam Organics ?The results didn’t show much of margin improvement as well as revenue improvement. Do you think the camphor cycle will play up looking at the shortage ?
Buy Unlisted Shares (12-06-2024)
I’m considering investing in unlisted shares of Ola Electric and Waaree Energies Limited, especially since both companies are planning to launch IPOs soon. Given the current craze in the IPO market, securing an allotment has become nearly impossible. This has led me to explore the option of adding shares of these companies to my portfolio before they go public.
However, I’m a bit hesitant about Ola Electric. Their Profit After Tax (PAT) is still in the negative, which makes me uncertain about their valuations. On the other hand, Waaree Energies seems like a more promising bet.
I’d really appreciate hearing your thoughts and insights on this. Do you think these are good pre-IPO investments? Any advice or perspectives would be highly valuable to me. Thank you!
Cosmo Films – Diffentiated player in commodity business (12-06-2024)
Cosmo could see a good Q1 and a good FY25 with increasing spreads compared to last year.
Phantom Digital Effects Limited (12-06-2024)
According to the 2023 Annual Report, PhantomFX recognizes revenue in the month of raising the invoice. In the earnings call, the management mentioned that the company billed ₹11 crore in January, ₹15 crore in February, and the remaining amount in March. However, the reported revenue for Q4 FY24 is ₹23.03 crore, derived as follows:
Total H2 FY24 Revenue: ₹49.20 crore (mentioned in the May 30 earnings call)
Less Q3 FY24 Revenue: ₹26.17 crore (mentioned in the March conference call)
Resulting Q4 FY24 Revenue: ₹23.03 crore
The combined total billing for January and February alone is ₹26 crore, which exceeds the reported Q4 revenue. Where is the discrepancy in my calculation?
Investing Basics – Feel free to ask the most basic questions (12-06-2024)
BSE provides the data. Hq locn.