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…
PAN (Permanent Account Number) is a unique 10-character code assigned to each entity carrying out financial activities in India. It also acts as a valid proof of identity for various purposes such as all financial transactions above ₹ 50,000, mutual fund investments, buying properties and other such activities. Are there incorrect details in your PAN…
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…
