हिंदी में पढ़ें If you are an amateur in the area of financial investment, Congratulations, you have finally landed in the right place. This article will talk about what mutual funds are, why you should invest in them, what points you should consider before investing and which one you can invest in. Table of Contents…
The global Novel Covid-19 or Coronavirus pandemic has hit the world’s economy drastically and could have created a hole in the pockets of many. In times like these people may need to liquidate their ‘emergency funds’. One of these can be the Employee Provident Fund. What is Employee Provident Fund- A Glance Employee Provident Fund…
The recently revised interest rates on small savings schemes by the government which will fetch about 0.4% or more on various schemes from the current quarter (October-December), has once again brought the popular Public Provident Fund (PPF) into the limelight. PPF, which was launched way back in 1968 still remains to be an attractive avenue…
Considering the fact that many of the PF members in need were unable to withdraw their balance because of being unable to produce valid papers, the EPFO has now said it will accept subscribers’ Aadhaar cards as a valid birth proof for rectifying their date of birth. This will ultimately ensure that the subscriber’s account…
With all the processes related to the Employee Provident Fund being online, UAN or Universal Account Number has become the only key to operate the online EPF portal. The introduction of UAN has made processes like PF withdrawal, checking PF balance, application for loan against PF, etc. very easy and feasible for individuals. Moreover, the…
Amidst the Coronavirus crisis, the Employees’ Provident Fund of India has allowed the withdrawals of funds from the EPF accounts if any financial difficulties arise due to the lockdown. An EPF member is allowed to withdraw up to three month’s basic salary and dearness allowance or 75% of the account’s balance, whichever is lesser. Since…
EPF or Employees Provident Fund is a government-backed organization that advances employees’ contribution with the intent of taking care of their post-retirement needs. EPF is a retirement benefit scheme, wherein employers deduct a portion of your salary every month and put it in your EPF account, leaving you a corpus of your savings for an…
ELSS, short for Equity Linked Savings Scheme, is an open-ended, diversified mutual fund scheme in India. Investments made in ELSS tend to serve the purpose of tax saving and generate returns on the invested amount in the long term. Here’s what you should know about Equity Linked Savings Schemes : Equity Linked Savings Schemes are…
Launched in 1968, the Public Provident Fund scheme enables individuals to make small savings while providing returns on those savings. The PPF scheme offers attractive returns and exempts investors from tax payments on the returns generated. Here’s what you should know about a PPF account- A PPF account has a lock-in period of 15 years….
Central Government Health Scheme or CGHS is a model health care facility provider introduced by the Government, wherein all the central government employees and pensioners are offered healthcare facilities at government owned hospitals or polyclinics. The scheme is a one of its kind facility offered by the central government due to the large volume of…
