Category: Saving Schemes

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…

Amidst the nationwide lockdown to limit the spread of Novel Coronavirus (COVID-19), the government has come up with a relief to the Public Provident Fund (PPF), Sukanya Samriddhi Yojana (SSY) and National Saving Recurring Deposit (NSRD) account holders.  As a response to several requests and proposals from the Department of Posts, Banks, Depositors and Agent…

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…

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…

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…