NPS is a government initiative to encourage retirement savings. The Pension Fund Regulatory and Development Authority (PFRDA) governs this scheme. To subscribe to the NPS scheme, withdraw money, transact, and make other changes, one must fill the NPS form. This...

How to make an NPS Contribution? To make a contribution to NPS through online or offline modes, an individual must have an NPS subscription and a Permanent Retirement Account Number (PRAN). The government sector employees are automatically enrolled in the...

Public Provident Fund is an investment product that encourages small savings. Life insurance policy is an insurance policy that offers protection against unfortunate events like death. This article covers LIC vs PPF, and features of each of the financial products...

The increase in suspicious activities in the financial market has had a negative effect on the financial sector. The increase in financial crime deeply impacts the financial market. Therefore, there was a need to introduce strict procedures to know the...

What is National Savings Certificate (NSC)? National Savings Certificate is a scheme to mobilize small savings. It is regulated and administered by the Government of India through the Department of Posts. The scheme is known as the National Savings Certificates...

National Pension Scheme (NPS) is a long term investment scheme that offers dual benefits of pension plus investment. It comes under the purview of the Pension Fund Regulatory and Development Authority (PFRDA) and Central Government. Subscribers of NPS have to...

The Government of India has made it mandatory for individuals to link their PAN card with Aadhaar card. The reason is that the income tax return cannot be processed if Aadhaar is not linked to PAN. Also, one cannot carry...

The Foreign Account Tax Compliance Act or FATCA is a tax law introduced in the US to curb tax evasion and increase transparency between countries with respect to US taxpayers' income from foreign countries. All US taxpayers have to be...