The Unified Pension Scheme (UPS) begins April 1, 2025. It is a part of the National Pension System (NPS). It provides guaranteed pension benefits. It also includes government contributions. It ensures financial security post-retirement and provides investment flexibility. Get Guaranteed Pension Based on Service Under The UPS UPS provides structured pension payouts based on service …
The Employees’ Provident Fund Organisation (EPFO) and the Employees’ State Insurance Corporation (ESIC) are launching another edition of Nidhi Apke Nikat 2.0, a nationwide outreach programme. This initiative aims to directly engage with stakeholders and address their grievances efficiently, ensuring seamless support for employees, employers, and pensioners. Nationwide Outreach for Grievance Redressal The Employees Provident …
The Employees’ Provident Fund Organisation (EPFO) has introduced major updates to the Employees’ Deposit Linked Insurance (EDLI) scheme in its 237th meeting. These changes streamline the death claim process and enhance insurance benefits, providing crucial financial security to families of EPF members. Key Updates to the EDLI Scheme The EDLI scheme, established in 1976 by …
Online payment has been the mandatory method for EPF contributions by all registered employers since September 2015. Employers can use the EPF’s official portal or their bank’s website if the bank offers this facility. Benefits of Making EPF Contributions Contributing to the Employees’ Provident Fund (EPF) offers several key benefits. Firstly, it provides tax advantages, …
Gold loans have long been a go-to option for individuals needing quick financial assistance. However, recent changes in regulations have made the process more challenging for borrowers. After the Reserve Bank of India (RBI) tightened gold loan policies, many borrowers now find themselves struggling to extend their loans without fully repaying them first. New Rules …
Owning a car goes beyond convenience—it offers freedom, peace of mind, and independence. However, it also comes with responsibilities, the most important being adequate insurance coverage. While choosing a car insurance plan, many wonder: does a low credit score affect the premium amount? Let’s explore the role of credit scores in car insurance premiums in …
Retirement is a phase where financial independence becomes paramount. With rising healthcare costs and lifestyle expenses, having a robust financial plan ensures peace of mind. The Indian government has introduced various schemes that cater to different economic classes, age groups, and risk appetites. These schemes not only offer regular income post-retirement but also come with …
In a recent move, the central government increased the Dearness Allowance (DA) for its employees by 4%, bringing it to 50%. Simultaneously, the Dearness Relief (DR) for pensioners has also been raised by 4% from 46% to 50%. These revised DA and DR rates came into effect on January 1, 2024, providing financial compensation against …
Gold has long been considered a reliable investment option, offering stability in times of economic uncertainty. However, when it comes to choosing between 22K and 24K gold, investors often find themselves weighing the pros and cons of each. Both have distinct characteristics that cater to different investment needs. Understanding 22K and 24K Gold 24K Gold: …
Curious to know about the price of 10 grams of gold in Dubai today, March 21, 2025? Gold rates fluctuate daily based on global market trends, demand, and currency exchange rates. Whether you’re an investor, a jeweller, or a buyer looking for the latest gold price, staying informed can help you make better purchasing decisions. …
