Saving Schemes Articles

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...

Building up your retirement fund alongside your regular income is a good idea. There are many options available that provide for different risk profiles. It includes insurance plans backed by sovereign guarantees like Provident Fund (PF). In India, there are...

What is the Varishtha Pension Bima Yojana? During the NDA government's last time in office, the Varishtha Pension Bima Yojana (VPBY) was created as a pension program for senior persons. A total of 3.16 lakh annuitants will benefit from the...

Growing urbanisation is neither desired nor sustainable. So far, our professional higher education institutions have mostly served the mainstream industrial sector. Furthermore, with a few exceptions, it has made little direct contribution to the growth of the rural sector. Unnat...

About Union Bank Recurring Deposit Union Bank of India RDs allows investors to invest in small amounts regularly for a fixed tenure. The Union Bank of India recurring deposit rate ranges between p.a. for both regular citizens and p.a. for...

Domestic users account for over a quarter of India's total electricity usage. According to a study conducted by the Ministry of Environment and Forest in 2011, lights accounted for almost 30% of total household energy consumption. Incandescent Light (ICL) bulbs,...

UAN is a 12-digit unique number assigned to every employee during their first job. UAN makes access to all PF online services easy. It is a platform where one can manage their multiple PF accounts under one umbrella. This article...

Universal Account Number (UAN) is a 12-digit unique number that EPFO assigns to every employee. This number remains the same throughout the employment tenure of an individual. All the PF contributions from various jobs can be managed with one UAN....