Why NPS is the best retirement option compared to EPF and PPF?

Why NPS is best retirement option compared to EPF and PPF

Why NPS is the best retirement option compared to EPF and PPF? This budget of 2015-16 has given additional tax benefit of Rs 50,000 per annum for NPS (New Pension Scheme/National Pension Scheme) from 1-Apr-2015. There is so much confusion whether NPS is better investment option compared to other retirement options like EPF and PPF. Provident fund schemes provide good security with stable returns and they are one of the best retirement options. New Pension Scheme (NPS), Employee provident fund […]

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How Jeevan Pramaan Digital Life Certificate for Pensioners works?

Jeevan Pramaan Digital Life Certificate for Pensioners

How Jeevan Pramaan Digital Life Certificate for Pensioners works? Mr.Narendra Modi has launched Jeevan Pramaan Digital Life Certificate for pensioners, couple of days back. Jeevan Pramaan is Aadhar based digital certification system. New Digital Pramaan is a new system and self certification by pensioners about their existence. How does this new system of Digital Life Certificate Jeevan Pramaan work exactly? How Jeevan Pramaan Digital Life Certificate helps Central and State Government employees? What are the limitations of Jeevan Pramaan Digital […]

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9% Varishtha Pension Bima Yojana from LIC for Senior Citizens

LIC Varishstha Bima Pension Yojana for Senior Citizens

LIC Varishtha Pension Bima Yojana for Senior Citizens Central Government has re-launched Varishtha Pension Bima Yojana (administered by LIC) on this independence day 15th August, 2014 for Senior Citizens. Varishtha Pension Bima Yojana provides 9% assured returns which are payable per month by way of pension. How good is Varishtha Pension Bima Yojana? What are the positives and negative about this Central Government Varishta Pension plan?     Also Read: How is HDFC Guaranteed pension plan scheme? Features of Varishtha Pension Bima Yojana Scheme […]

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Should you withdraw or transfer Provident Fund (EPF) during a job change?

PF Withdrawal or transfer which is better

Should you withdraw or transfer Provident Fund (EPF) during a job change? Many of the employees would change the job to move in their career. One financial aspect which would come into mind is whether we should withdraw or transfer an employee provident fund (EPF) during a job change. In this article, I would provide some views on what an employee should do about provident fund when he or she would change jobs? What is employee provident fund (EPF)? When you […]

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HDFC Pension Plan – Guaranteed Pension Plan

HDFC Life Guaranteed Pension Plan

HDFC Pension Plan – Guaranteed Pension Plan This article is based on request from Murali on "suggest a topic" option to write about retirement pension plans. HDFC life offers several pension plans. One among the HDFC Pension pan is guaranteed pension plan. This plan offers guaranteed additions, vesting additions and various other benefits. This could be considered as one of the retirement plan options. In this article, I would discuss about this HDFC life guaranteed pension plan, its features, benefits and to whom this is suitable. […]

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