Saving Schemes Articles

It is essential to have a bank account to manage all financial transactions digitally in today's generation. Also, all government subsidies are routed through bank accounts only. Furthermore, the government has taken initiatives to ensure that all the citizens in...

Universal Account Number (UAN) is the unique number allotted to EPFO members. Multiple EPF accounts are linked to a single UAN. However, there can be instances where an individual has two active UAN numbers. Having two active UANs is against...

What is Mahila Samman Savings Certificate? Mahila Samman Saving Certificate (MSSC), a new small savings scheme launched in the Budget 2023 to promote investments among women. MSSC is a single-holder account that can be opened at any Post Office or...

The National Pension System Lite (NPS Lite) was launched in 2010 to provide financial security for economically disadvantaged people. All eligible citizens from the unorganized sector can apply for this scheme. This article covers NPS Lite, its eligibility, benefits, and...

With the growing fraudulence in the financial sector, and to trace any suspicious behaviour it has become very important to keep proper records of customer. CKYC norms were introduced to curb the illegal activity that ruins the financial sector. This...

What is the Sankalp Scheme in India? The Ministry of Skill Development's Skill Acquisition and Knowledge Awareness for Livelihood Promotion ("Sankalp") initiative is funded by a World Bank loan. It strives to increase short-term skill training in terms of quality...

Net Present Value (NPV) is a capital budgeting technique used to determine an investment's profitability. Internal Rate of Return (IRR) is a financial metric that estimates the return from an investment. Though both NPV vs IRR determine how profitable an...

The government of Haryana has taken an initiative towards the educated unemployed youth. To support the youth, the government has launched a scheme known as Saksham Yuva Yojana. The scheme took place on 1st November 2016. The core objective of...