Saving Schemes Articles

The Central Government Schemes for girl child have been launched across India with the goal of improving the social attitude toward female children in India. These schemes also aim at elevating their status in society. Several central government initiatives, saving...

Bonds are debt instruments in which the investor loans money to an entity. The entity borrows money at a fixed interest rate for a specific time duration. Such an entity can be government, banks or corporates. Hence, when the government...

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...

Certain public and private sector companies have their own PF trusts to manage employee contributions. These companies manage the contributions instead of sending them to the EPFO. Such companies are known as Exempted PF Trusts. Exempted PF Trust Contributions In...

Employee State Insurance (ESI) is for Indian workers. Under the scheme, the workers get a variety of medical, monetary and other benefits. Both the employer and employee contributions towards the scheme. Employee State Insurance Corporation (ESIC) manages the insurance scheme....

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...

Universal Account Number or UAN is a unique number allotted by the EPFO to all employees at the time of their first job. The UAN remains the same during the employment tenure despite a change in the employees' job. Through...