Note: The information on this page may not be updated. For latest information, click here. There are 8 pension fund managers in NPS Tier 1. In the first few years of the NPS, they were given very limited choice in the type of companies they could invest in and hence there was little difference between them….
Public Provident Fund (PPF) is one of the most popular investment avenues to create a long-term retirement fund. Low risk, moderate returns, and added tax benefits are few of the significant factors which make PPF an attractive option for investment. But do these factors make PPF your best bet? Let’s explore. Though with 7.1%…
Amidst the nationwide lockdown to limit the spread of Novel Coronavirus (COVID-19), the government has come up with a relief to the Public Provident Fund (PPF), Sukanya Samriddhi Yojana (SSY) and National Saving Recurring Deposit (NSRD) account holders. As a response to several requests and proposals from the Department of Posts, Banks, Depositors and Agent…
Amidst the Coronavirus crisis, the Employees’ Provident Fund of India has allowed the withdrawals of funds from the EPF accounts if any financial difficulties arise due to the lockdown. An EPF member is allowed to withdraw up to three month’s basic salary and dearness allowance or 75% of the account’s balance, whichever is lesser. Since…
Have you retired just recently and want to withdraw your EPF savings? This is how you can digitally withdraw your EPF balance in a hassle-free manner. However, you can make the withdrawal online only if your UAN is activated and is linked to your Aadhaar. EPF Withdrawal Procedure (Online) You can follow these steps to…
Employee Pension Scheme (EPS) is a post-retirement pension plan guaranteed by the Government of India for the employees working in the organized sector. When an employee when joins an establishment covered under the Employees’ Provident Fund and Misc. Provisions Act,1952, he gets automatically enrolled for EPS. A member can start receiving a pension under EPS…
ELSS, short for Equity Linked Savings Scheme, is an open-ended, diversified mutual fund scheme in India. Investments made in ELSS tend to serve the purpose of tax saving and generate returns on the invested amount in the long term. Here’s what you should know about Equity Linked Savings Schemes : Equity Linked Savings Schemes are…
Central Government Health Scheme or CGHS is a model health care facility provider introduced by the Government, wherein all the central government employees and pensioners are offered healthcare facilities at government owned hospitals or polyclinics. The scheme is a one of its kind facility offered by the central government due to the large volume of…
With respect to extension of lockdown in the country, EPFO has decided to postpone the payment of March contributions till May 15. This decision is taken to provide relief to the subscribers of social security schemes run by the Employee Provident Fund Organisation (EPFO). The March contributions due on April 15 have now been extended…
Note: NPS related information on this page may not be updated. For latest information, click here. As the financial year comes to an end, all salaried employees get themselves working on their investments that help in tax deduction. It is better to plan your finances well in advance than wait for the year to end….
