Retail Direct Scheme (RBI-RD)
PM Narendra Modi announced the Retail Direct Scheme that aims to increase retail investor participation across government securities. Retail investors have to open a Retail Direct Gilt (RDG) Account with the Reserve Bank of India on their Official Website. Also,...
Post Office Tax Saving Schemes
Post Office Tax Saving Schemes are good investment options that offer guaranteed income. Moreover, investments in these schemes qualify for tax exemption under Section 80C of the Income Tax Act, 1961. Since the Government of India backs the schemes, the...
Ponzi Scheme
How does a Ponzi scheme make money? A Ponzi scheme is an investment scam where the returns for earlier investors are paid from the money collected from later investors. The investors of such schemes are promised high returns with little...
Pension Fund Manager
What is a pension fund manager? Pension fund managers perform a similar role as mutual fund managers, and they collect a small fee for the same. Following are the functions of pension fund managers. Accepting funds from investors to invest...
PAN Card Verification
PAN Card Verification is a mandatory procedure that everyone has to do. Also, it is an online procedure that you can complete on certain government-approved websites. Furthermore, NSDL e-Governance Infrastructure Limited or UTI Infrastructure Technology and Services Limited can perform...
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NPS vs PPF – Which is Best?
The Public Provident Fund (PPF) and National Pension Scheme (NPS) are both launched to encourage savings and aid investors during retirement. Both offer similar tax benefits, are long term investments. Their similarity ends there. They are very different in terms...
Difference Between NPS and OPS
The National Pension Scheme (NPS) is a retirement scheme. Under this scheme, the subscriber shall make regular investments in the scheme. The funds are invested in market-linked instruments. Thus, NPS offers higher returns than other pension schemes. 60% of the...
NPS vs EPF
The National Pension Scheme (NPS) is a retirement benefit plan that combines tax savings and pension payments. The pension amount depends on the asset classes and the fund manager's performance. The National Pension System offers the following two types of...