ESI is self-contributing social security and health insurance scheme. The full form of ESI is Employee State Insurance. The scheme offers financial assistance to an employee during sickness, maternity and employment injury. Furthermore, it also covers for medical expenses of...

Employee Pension Scheme (EPS) is a mandatory savings scheme for employees whose basic salary plus Dearness Allowance (DA) is up to INR 15,000. The maximum EPS contribution by the employer is 8.3% of basic salary + DA. EPS offers a...

The objective of Employee Provident Fund (EPF) and Employees Pension Scheme (EPS) is to help individuals save the money for their retirement. The schemes are framed under the  Employee’s Provident Fund & Miscellaneous Provision Act, 1952 and administered by the...

Members of the EPFO are, by default, part of the Employee Pension Scheme (EPS). On retirement, the individual is eligible for a regular pension. To apply for the pension amount, one needs to submit the EPF Form 10D. Therefore, the...

What is EPF Form 10C? Under the EPF scheme, you (the employee) and your employer have to contribute to the Employee Provident Fund during your service period. When you leave the job, you might want to carry forward your EPF...

What is the ECLGS scheme? The ECLGS scheme provides member lending institutions with a 100 percent guarantee in respect of eligible credit facilities extended to their borrowers whose total credit outstanding (fund based only) across all lending institutions and days...

The Senior Citizen Savings Scheme (SCSS) was introduced by the Government of India in 2004 with the objective of providing financial security to senior citizens. While the Senior Citizen Savings Scheme offers a high rate of interest and tax benefits,...

What is the Digital India Scheme? The Digital India scheme is the government of India's flagship initiative, with the goal of transforming India into a digitally enabled society and knowledge economy. On July 3, 2015, the Digital India program (1.13...