The outlay for PM Awas Yojana is being increased by 66% to over Rs 79,000 crore, says Sitharaman in Budget 2023 What is PMAY? The Pradhan Mantri Awas Yojana (PMAY) - Urban is a Credit Linked Subsidy Scheme launched by...

Employee Provident Fund is a compulsory saving plus retirement scheme. EPF comprises of two contributions: Employee's Contribution and Employer's Contribution. Employees must contribute 12% of their basic pay every month towards the EPF account as per the EPF norms. The...

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 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...

National Pension Scheme is a Government of India initiative to encourage long term savings. Pension Fund Regulatory and Development Authority (PFRDA) regulates the scheme. This voluntary pension scheme requires individuals to make contributions to the scheme until they turn 60....

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...

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...

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...