Saving Schemes Articles

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...

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...

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...

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...

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...

The Indian Postal System is one of the few organisations in our country that reach even the remote parts. This is a key reason why the organisation has been forefront in delivery services. These services range from insurance and banking...

The Senior Citizen Savings Scheme (SCSS) was introduced by the Government of India in 2004 with the objective of providing financial security to senior citizens. While the Senior Citizen Savings Scheme offers a high rate of interest and tax benefits,...

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...