Senior Citizen Saving Scheme – Features, Benefits, Taxation and Opening account

Senior Citizen Saving Scheme – Features, Benefits, Taxation and Opening account – Updated Apr-2020 Among various investment options available for retired individuals, senior citizen saving scheme(SCSS) is an attractive saving scheme. Senior Citizen Saving Scheme offer 7.4% interest rates currently (Period April, May, June-2020). What is Senior Citizen Saving Scheme (SCSS)? Who is eligible to open Senior Citizen Saving Scheme […]

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What is One Rank-One Pension Scheme (OROP)?

What is One Rank-One Pension Scheme (OROP)? In the last couple of days, there is one pension scheme which is in news is One-Rank-One Pension Scheme. This pension scheme was promised to ex-servicemen, but not yet implemented by Mr.Modi’s government during Lok Sabha Poll. Ex-Service men went hunger strike and planning for next steps. It caught so much attention ahead […]

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EPFO “Nidhi Aapke Nikat” – Does it work beyond Grievance Redressal?

EPFO “Nidhi Aapke Nikat” – Does it work beyond Grievance Redressal? Today, Employee Provident Fund Office (EPFO) indicated that its current wing, Bhavishya Nidhi Adalat would be renamed to “Nidhi Aapke Nikat” and would expand its scope of just grievance Redressal to beyond its current scope. There has been several issues and suggestions indicated by EPF subscribers and Employers to […]

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Why MF Companies lined up for retirement linked pension plan mutual funds?

Why MF Companies lined up for retirement linked pension plan mutual funds? In last budget, Govt. of India has announced tax benefits for retirement linked pension plan mutual funds. Many mutual fund companies are approaching the capital market regulator, SEBI to launch pension plan mutual funds. While these retirements lined pension plan mutual funds provide tax benefits, these are expected […]

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How Jeevan Pramaan Digital Life Certificate for Pensioners works?

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? […]

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9% Varishtha Pension Bima Yojana from LIC 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 […]

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