Retirement Benefit Schemes
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Public Employees To Lose Retirement Benefits On Dismissal In New Pension Rule
The dismissal or removal of an employee of a public sector undertaking (PSU) will lead to forfeiture of the retirement benefits, the Centre has said.
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PF (Provident Fund) Account Types, Differences And Details
Under the PF schemes, the employees contribute a small amount of their monthly income, which turns into a retirement corpus.
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Alert To 73 Lakh Pensioners; Retirement Fund Body EPFO Plans To Disburse Pension In One Go
Retirement fund body EPFO (Employee Provident Fund Organisation) will consider and approve a proposal for setting up a central pension disbursal system in its meeting on July 29 and 30, paving the way for crediting the benefit into over 73 lakh pensioners' bank accounts in one go across India.
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"Agnipath Scheme Is Against Future Jawans": Meghalaya Governor
Meghalaya Governor Satya Pal Malik Sunday said the 'Agnipath' scheme is a "fraud" with the hopes of youth and said the 'Agniveers' retiring without pension or other benefits will hardly get marriage proposals.
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Looking To Invest In National Pension System? Here's All You Need To Know
NPS is a long-term investment plan for retirement. It is a government-run retirement planning instrument, which gives the investor the option to set a preferred allocation to various asset classes
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Government Small Savings Schemes: Know Which One Is Suitable For You
The government has a range of investment vehicles for people who prefer to put aside small amounts over a period of time
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Coronavirus Crisis: Retirement Fund Body Sets Up Mechanism To Credit EPF Accounts, 79 Lakh Members To Benefit
The labour ministry said eligible organisations can claim the relief by filing an electronic challan-cum-return (ECR).
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Budget 2020: How To Avail Income Tax Benefits Under National Pension Scheme
NPS offers two types of accounts: Tier 1 and Tier 2. While the Tier 1 NPS account is strictly a pension account which doesn't allow withdrawals, while the Tier 2 account - known as investment account - is a voluntary saving account associated with Permanent Retirement Account Number (PRAN).
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Want To Open A Senior Citizen Savings Scheme At SBI? All You Need To Know
Senior Citizen Savings Scheme (SCSS), meant for people above the age of 60, offers an interest rate of 8.6 per cent per annum. An individual can open senior citizen savings account with post offices or commercial banks such as State Bank of India (SBI). A depositor can operate more than one SCSS account, subject to the condition that deposits in al...
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Explained: Tax Benefits Under National Pension System (NPS)
PFRDA has appointed NSDL (National Securities Depository Limited) as Central Recordkeeping Agency (CRA) for National Pension System. CRA issues Permanent Retirement Account Number (PRAN) to each subscriber and maintain database of each Permanent Retirement Account along with recording transactions relating to each PRAN.
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PPF (Public Provident Fund) Features, Interest Rate, Loan Facility, Partial Closure And More
Public Provident Fund (PPF), a retirement planning-focused instrument, comes under "exempt, exempt, exempt" (EEE) tax status. This means that the returns, the maturity amount and the interest income are exempt from income tax. The scheme was introduced by the National Savings Organization in 1968 to mobilize small savings. Individuals in their own ...
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SBI Public Provident Fund (PPF) Account: How To Invest, Interest Rates, Tax Benefits
State Bank of India (SBI), the country's largest lender, offers a host of services to its customers. PPF (Public Provident Fund) account, one such product offered by the lender, is a retirement planning-focused instrument. Public Provident Fund (Amendment) Scheme, 2016 was introduced by the National Savings Organization in 1968 to mobilize small sa...
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This Scheme Offers Fixed Pension Of Rs 1,000, Rs 2,000, Rs 3,000, Rs 4,000, Rs 5,000
Atal Pension Yojana (APY) offers guaranteed pension benefits which entail suitable gap funding to fulfill the commitment of guaranteed pension benefits to the subscribers and their spouses.
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SBI's Life Insurance Poorna Suraksha Plan: Eligibility, Premium Amount, Policy Terms
SBI (State Bank of India) offers various insurance schemes such as protection plans, retirement plans, child insurance plans, among others. SBI's Life Insurance Poorna Suraksha Plan for individuals offers comprehensive protection in case of death and critical illness, said SBI Life Insurance on its official website - sbilife.co.in. The plan also pr...
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NPS Minimum Contribution, Tax Benefits And Other Details Under Corporate Model
Under the National Pension System, an individual contributes to his retirement account and his employer can also co-contribute.
-
Public Employees To Lose Retirement Benefits On Dismissal In New Pension Rule
The dismissal or removal of an employee of a public sector undertaking (PSU) will lead to forfeiture of the retirement benefits, the Centre has said.
-
PF (Provident Fund) Account Types, Differences And Details
Under the PF schemes, the employees contribute a small amount of their monthly income, which turns into a retirement corpus.
-
Alert To 73 Lakh Pensioners; Retirement Fund Body EPFO Plans To Disburse Pension In One Go
Retirement fund body EPFO (Employee Provident Fund Organisation) will consider and approve a proposal for setting up a central pension disbursal system in its meeting on July 29 and 30, paving the way for crediting the benefit into over 73 lakh pensioners' bank accounts in one go across India.
-
"Agnipath Scheme Is Against Future Jawans": Meghalaya Governor
Meghalaya Governor Satya Pal Malik Sunday said the 'Agnipath' scheme is a "fraud" with the hopes of youth and said the 'Agniveers' retiring without pension or other benefits will hardly get marriage proposals.
-
Looking To Invest In National Pension System? Here's All You Need To Know
NPS is a long-term investment plan for retirement. It is a government-run retirement planning instrument, which gives the investor the option to set a preferred allocation to various asset classes
-
Government Small Savings Schemes: Know Which One Is Suitable For You
The government has a range of investment vehicles for people who prefer to put aside small amounts over a period of time
-
Coronavirus Crisis: Retirement Fund Body Sets Up Mechanism To Credit EPF Accounts, 79 Lakh Members To Benefit
The labour ministry said eligible organisations can claim the relief by filing an electronic challan-cum-return (ECR).
-
Budget 2020: How To Avail Income Tax Benefits Under National Pension Scheme
NPS offers two types of accounts: Tier 1 and Tier 2. While the Tier 1 NPS account is strictly a pension account which doesn't allow withdrawals, while the Tier 2 account - known as investment account - is a voluntary saving account associated with Permanent Retirement Account Number (PRAN).
-
Want To Open A Senior Citizen Savings Scheme At SBI? All You Need To Know
Senior Citizen Savings Scheme (SCSS), meant for people above the age of 60, offers an interest rate of 8.6 per cent per annum. An individual can open senior citizen savings account with post offices or commercial banks such as State Bank of India (SBI). A depositor can operate more than one SCSS account, subject to the condition that deposits in al...
-
Explained: Tax Benefits Under National Pension System (NPS)
PFRDA has appointed NSDL (National Securities Depository Limited) as Central Recordkeeping Agency (CRA) for National Pension System. CRA issues Permanent Retirement Account Number (PRAN) to each subscriber and maintain database of each Permanent Retirement Account along with recording transactions relating to each PRAN.
-
PPF (Public Provident Fund) Features, Interest Rate, Loan Facility, Partial Closure And More
Public Provident Fund (PPF), a retirement planning-focused instrument, comes under "exempt, exempt, exempt" (EEE) tax status. This means that the returns, the maturity amount and the interest income are exempt from income tax. The scheme was introduced by the National Savings Organization in 1968 to mobilize small savings. Individuals in their own ...
-
SBI Public Provident Fund (PPF) Account: How To Invest, Interest Rates, Tax Benefits
State Bank of India (SBI), the country's largest lender, offers a host of services to its customers. PPF (Public Provident Fund) account, one such product offered by the lender, is a retirement planning-focused instrument. Public Provident Fund (Amendment) Scheme, 2016 was introduced by the National Savings Organization in 1968 to mobilize small sa...
-
This Scheme Offers Fixed Pension Of Rs 1,000, Rs 2,000, Rs 3,000, Rs 4,000, Rs 5,000
Atal Pension Yojana (APY) offers guaranteed pension benefits which entail suitable gap funding to fulfill the commitment of guaranteed pension benefits to the subscribers and their spouses.
-
SBI's Life Insurance Poorna Suraksha Plan: Eligibility, Premium Amount, Policy Terms
SBI (State Bank of India) offers various insurance schemes such as protection plans, retirement plans, child insurance plans, among others. SBI's Life Insurance Poorna Suraksha Plan for individuals offers comprehensive protection in case of death and critical illness, said SBI Life Insurance on its official website - sbilife.co.in. The plan also pr...
-
NPS Minimum Contribution, Tax Benefits And Other Details Under Corporate Model
Under the National Pension System, an individual contributes to his retirement account and his employer can also co-contribute.
