Daily Latest News
NPS vs EPF vs PPF: Sometimes we miss the investment opportunity and years later realise the mistake. The opportunity missed can be because of a lack of knowledge, a shortage of finances, or responsibilities to meet. When we realise the delay, we may feel discouraged, thinking there is no point in starting late. Likewise, if…
Last Updated:June 25, 2025, 19:04 is Savings plans can also provide financial security for your family in the event of an unforeseen disaster. ULIP is a financial vehicle that combines investing and life insurance. (Photo Source: Freepik) A savings plan is a financial instrument that allows an individual to set aside money regularly to accumulate…
EPF+NPS Retirement Corpus: Private sector employees can contribute to Employees’ Provident Fund (EPF) and National Pension System (NPS) to generate a retirement corpus and get a monthly pension. If you utilise these opportunities to a good investment limit, you may generate a combined corpus of Rs 8.33 crore by 60 years of age. Not just…
EPFO enrolled around 7.54 lakh new subscribers in March 2025, representing a 2.03 per cent increase over February and 0.98 per cent (year-over-year) growth compared to the previous year in March 2024. |Last Updated: May 21, 2025, 01:55 pm is|Source: IANS Source link [ad_3]
Last Updated:January 19, 2025, 09:05 IST Both Employees’ Provident Fund (EPF) and the National Pension Scheme (NPS) are intended to give people a monthly pension and a lump sum payment after they retire; however, there is a fundamental distinction between the two. EPF is a guaranteed return plan based on interest rates, whereas NPS is…
New Delhi: Employee unions have long advocated for increasing the minimum pension amount under the Employees’ Pension Scheme (EPS), 1995, with representations from employees and other stakeholders. Regarding an increase in the pension amount, Member of Parliament Asaduddin Owaisi raised questions in the Lok Sabha about any proposal to increase the minimum pension amount under…
New Delhi: The Employees Provident Fund Organisation (EPFO) has said that employees who are quitting their jobs are not required to have a new UAN (Universal Account Number). “Critical Information! Employees are not required to generate a new UAN when leaving their old employment. A member cannot have more than one UAN. There is no…
New Delhi: Major decisions for the benefit of the EPFO members were taken during the 236th Meeting of Central Board of Trustees (CBT), EPFO. The meeting which was presided by Mansukh Mandaviya, Union Minister for Labour & Employment and Youth Affairs & Sports took various decisions regarding interest calculation, healthy investment fund management; adopts initiatives…
New Delhi: The total amount in inoperative employees’ provident fund (EPF) has jumped over five fold to Rs 8,505.23 crore in financial year 2023-24 from Rs 1,638.37 crore in fiscal year 2018-19, Parliament was informed on Monday. In a written reply to Lok Sabha, the Minister of State Shobha Karandlaje stated that there are no…
Planning for retirement is essential for ensuring financial security in your later years. In India, several government-backed and regulated schemes are designed specifically to help individuals save for retirement. This article explores key retirement schemes that play a crucial role in financial planning. 1. Employee Provident Fund (EPF) The Employee Provident Fund (EPF) is a…