Pradhan Mantri Yuva Yojana (PMYY): Online Application & Registration Process
What is Pradhan Mantri Yuva Yojana? The Pradhan Mantri Yuva Yojana Scheme is the Ministry of Skill Development and Entrepreneurship's flagship program. Through entrepreneurship education, training, capacity building, mentorship, and handholding, PMYY aims to create jobs. Apprenticeships in certain trades...
Sovereign Gold Bond vs Physical Gold: Which is Better? Key Differences Explained
Gold is an asset that not only adds value to an investment portfolio but also helps in its diversification. Financial experts suggest that an investment portfolio should have at least 10%-20% of assets invested in gold. The main reason for...
EPS vs NPS: Which is Better and Key Differences Explained
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...
PPF for NRI : New PPF Account Rules for NRI’s
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...
What is an Exempted Trust in PF? Understanding Exempted PF Trust
Certain public and private sector companies have their own PF trusts to manage employee contributions. These companies manage the contributions instead of sending them to the EPFO. Such companies are known as Exempted PF Trusts. Exempted PF Trust Contributions In...
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EPF: Eligibility, Form, Taxation, Registration Process, Contribution Rate
Any employee in India receives the salary after the employer deducts a certain amount of money as of EPF(Employee Provident Fund). One might feel that they are not able to spend their cash-in-hand. However, when a person wants to retire...
NSC vs KVP: Difference Between NSC and KVP
What is National Savings Certificate (NSC)? National Savings Certificate is a scheme to mobilize small savings. It is regulated and administered by the Government of India through the Department of Posts. The scheme is known as the National Savings Certificates...
Skill India: Mission, Benefits & Meaning
What is Skill India? Mr. Narendra Modi, Prime Minister of India, launched the Skill India Mission in 2015, as part of his aim to help India become "Atmanirbhar" (self-reliant). The goal of this project was to establish and implement comprehensive...
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