Saving Schemes Articles

What is PMAY? The Pradhan Mantri Awas Yojana (PMAY) - Urban is a Credit Linked Subsidy Scheme launched by the Government of India on 25th June 2015. Under this Yojana, the Government ensures housing for all in urban areas. The...

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...

Public Provident Fund is a post office saving scheme that is launched by the Government of India to encourage saving among Indian residents. It has a fixed lock-in period of 15 years and currently has an interest of 7.1% per...

Aadhaar is a vital identity for all Indian citizens. When you apply for an Aadhaar Card at the enrolment center, you can check the Aadhaar Status online. Upon successful enrolment and verification of the documents, you will receive an acknowledgement...

PF Form 2 focuses on the nominees. The form requires details pertaining to the nominee(s) and the percentage of corpus to be distributed to them. In the event of the employee’s untimely demise, the nominee will be eligible to withdraw...

What is Atal Innovation Mission? NITI Aayog's Atal Innovation Mission (AIM) was established in 2016 as the Government of India's flagship program to encourage a culture of innovation and entrepreneurship across the country. To this aim, AIM has taken a...

National Pension Scheme is a Government of India initiative to encourage long term savings. Pension Fund Regulatory and Development Authority (PFRDA) regulates the scheme. This voluntary pension scheme requires individuals to make contributions to the scheme until they turn 60....

What is Antyodaya Anna Yojana? Antyodaya Anna Yojana entailed identifying one crore of the poorest of the poor families from among the number of BPL families covered by the TPDS in each state and giving them food grains at a...