A group of massive pension funds will dominate Australia’s retirement system in the coming decades as increasing mergers and rivalry leave just a handful of powerhouse investors.
1 min read14 Mar 2024EPFO allows subscribers to withdraw funds from their EPF Account, stressing the importance of updating accurate bank account details to avoid failed credit transactions
1 min read2 Mar 2024National Pension System: Currently, there are ten pension fund managers in the country, comprising seven private companies and three government-owned entities
1 min read28 Feb 2024Earlier the female central government employees could nominate only their husband, but now a women can nominate her children too. She must make a written request, stating that family pension should be granted to her eligible child in precedence to her spouse, in the event of her death.
1 min read30 Jan 2024Subscribers are permitted to go for a maximum of three partial withdrawals for a total of one—fourth of the total contribution. Additionally, a subscriber must have been an NPS member for a minimum of three years.
1 min read17 Jan 2024Currently the employer’s contribution towards NPS is exempt up to 10 percent of salary whereas in case of provident fund, it is 12 percent.
1 min read7 Jan 2024In an attempt to create awareness amongst all pensioners Department of Pension & Pensioners Welfare has launched DLC 2.0 for its face authentication technology and promoting it with banners and posters placed strategically in offices and all Bank Branches along with ATMs.
1 min read15 Nov 2023The deadline for applying for a higher pension with the EPFO is 26 June 2023, but confusion remains over payment and calculation, resolving discrepancies in wage records, and the status of merged or non-existent employers. The lack of clarity and compliance burden may lead to a further extension
2 min read24 Jun 2023All Indian residents have access to the National Pension System (NPS), a voluntary defined contribution pension plan governed by the Pension Fund Regulatory and Development Authority (PFRDA).
13 min read21 Apr 2023Annuity means fixed sum of money paid to a subscriber at a set frequency for the rest of their life.
4 min read11 Apr 2023The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared
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