Saving Schemes Articles

Recurring Deposit Rates

Recurring Deposit – Interest Rates 2022

What is a Recurring Deposit? Recurring Deposit (RD) scheme is a popular investment option in India. It is a low-risk and guaranteed income term deposit. The RD scheme gives investors the flexibility to choose their desired investment tenure and investment...

ppf account for nris

PPF for NRI

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...

sukanya samriddi yojana

Sukanya Samriddhi Yojana (SSY)

Sukanya Samriddhi Yojana is an initiative launched by Prime Minister Narendra Modi, the Central Government, as a part of the “Beti Bachao Beti Padhao” campaign. The sole objective of this tax-saving scheme is girl child prosperity. Sukanya Samriddhi Yojana Information...

nps vs ops

NPS vs OPS

The National Pension Scheme (NPS) is a retirement scheme.  Under this scheme, the subscriber shall make regular investments in the scheme.  The funds are invested in market-linked instruments.  Thus, NPS offers higher returns than other pension schemes.  60% of the...

eps vs nps

EPS vs NPS

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...

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vpf vs nps

VPF vs NPS

A Voluntary Provident Fund (VPF) is a regular provident fund plan in which a depositor can choose how much he wants to contribute to the fund on a regular basis. VPF has a five year lock-in period. The National Pension...

nps vs epf

NPS vs EPF

The National Pension Scheme (NPS) is a retirement benefit plan that combines tax savings and pension payments. The pension amount depends on the asset classes and the fund manager's performance. The National Pension System offers the following two types of...

nps tier 1 vs tier 2

NPS Tier 1 vs Tier 2

The National Pension Scheme is a retirement benefits plan that combines tax savings and pension payments. The National Pension System offers the following two types of accounts, Tier 1 and Tier 2. NPS Tier 1 accounts are the most fundamental...