Saving Schemes Articles

As we know death due to accidents is very common and at a high rate in India. A death or a disability due to an accident leaves the family of the victim in an unstable situation. On one hand, the...

The progress of a nation depends on the welfare of its people. The government of India accordingly launched several healthcare schemes time and again. However, the aim to strengthen the healthcare framework of the country was not achieved. Similarly, Ayushman...

Any employee in India receives a salary after the employer deducts a certain amount for EPF or Employee Provident Fund. The employee might change their job multiple times, and each time, they need to transfer their PF under the new...

What is a Pension Policy? Pension policy or a pension plan is a financial product that aims to provide financial independence, stability, and security to retired residents and senior citizens. All pension policies have a predetermined and common goal of...

What is the PFRDA? On September 19, 2013, the Pension Fund Regulatory & Development Authority Act was passed, and it was notified on February 1, 2014. Employees of the Government of India, State Governments, as well as employees of private...

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...

What is the pension rule in India? The pension rules in India are administered by the Department of Pension and Pensioner’s Welfare. The pension rules cover the following acts and provisions. Central Civil Services (Pension) Rules, 1972The Pensions Act, 1871Central...

What is Pan Card? Permanent Account Number PAN is an identification number provided to taxpayers. It is an electronic system through which all tax-related information related to every taxpayer is recorded. It also acts as a primary and sole system...