Saving Schemes Articles

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...

eAadhar is a password-protected copy of an Aadhar card. The UIDAI digitally signs it. E-Aadhar is considered valid, just like a physical Aadhar. It is an initiative of the Government of India to move towards digitization. Since E-Aadhar is available...

PAN Card is a 10-digit unique alphanumeric code assigned to each individual by the Income Tax Department. The IT department issues a duplicate PAN Card in case of loss or theft, or change in personal details. This article covers the...

Public Provident Fund (PPF) is a long-term investment scheme offered by the Government of India. It is a popular investment option for many Indians due to its tax benefits and guaranteed returns. However, there are also some disadvantages to the...

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...

Employees Provident Fund is a social security scheme to safeguard the future of employees working with industries and organisations. EPF coverage extends from the time an employee starts working up until retirement. It provides individuals protection against loss of income...

Every working professional comes across a provident fund. All provident funds are savings schemes categorised based on their name, which helps create a substantial corpus for post-retirement life. There is EPF, which stands for Employee Provident Fund, while GPF stands...