EPF Form 11 is a self-declaration form that an employee must fill while joining a new organisation to transfer a PF account automatically. However, the new employer must be covered under the Employees Provident Fund (EPF) scheme as per the...

What is POMIS? Post Office Monthly Income Scheme (POMIS) is a monthly savings scheme regulated by the Department of Post (DOP). The Central Government of India governs this savings scheme. It intends to provide a monthly income for small and...

Current PPF Interest Rate 2023-24 The current PPF account interest rate remains unchanged by the Ministry of Finance for the current quarter 2023-24 is as of . The public provident fund interest is calculated every month on the lowest balance...

PMVVY vs SCSS which is better for retirement planning. While both the investment options are specifically designed for retirement planning they both differ on many aspects. In this article, we have covered the differences and similarities among both the investments...

What is SCSS? Senior Citizens Savings Scheme (SCSS) is a post office savings scheme for senior citizens that offers safety and regular income to its investors. It is also a tax saving plan. It suits retired investors looking for a...

Employee Pension Scheme (EPS) is a social security scheme from the Employees’ Provident Fund Organisation (EPFO). The main purpose of the scheme is to make provisions for employees in the organised sector for pension. However, for a person to be...

The National Pension System Lite (NPS Lite) was launched in 2010 to provide financial security for economically disadvantaged people. All eligible citizens from the unorganized sector can apply for this scheme. This article covers NPS Lite, its eligibility, benefits, and...

Many NRIs question whether they can invest in PPF account in India. The primary reason for this ambiguity of information is that rules relating to PPF for NRI were amended in the year 2018. This article will discuss the rules...