Tokenisation protects cardholders from cyber fraud by replacing card details with unique numbers or tokens and allows faster checkouts with the limited role of the CVV number.

The Public Provident Fund (PPF) is a popular long-term savings scheme with attractive interest rates, tax benefits, and the option to nominate someone in case of the subscriber’s death.

What can be the best time to start your financial journey other than on the occasion of Ganesh Chaturthi, celebrated to honour Lord Ganesha, who embodies prosperity and well-being?

Life can be challenging in old age, but there are ways to make it easier. The digital world offers various mobile apps and websites to help them carry out daily tasks conveniently.

BOB, BOI, City Union Bank, IndusInd Bank, Karnataka Bank and Suryoday SFB revised their FD rates during the week ending September 7, 2024.

Before settling in abroad after retirement seniors must consider various aspects meticulously, from taxation laws to their health condition.

Consider whether SWPs better fit your needs compared to lump sum withdrawals.

The Goods and Services Tax (GST) Council is expected to decide on new GST rates for health and term insurance policies during the meeting on September 9, 2024.

Moving back together with family can be an emotional and economic refuge, but you should make this move cautiously for a smooth transition.  

The Employees’ Provident Fund Organisation (EPFO) will facilitate the disbursement of pensions from any bank or branch across the country from January 1, 2025.

Mis-selling in life insurance often occurs when agents or brokers persuade customers to buy policies that do not align with their financial needs or goals

Individuals with 40 per cent or more disability, including those with physical, sensory, or cognitive impairments, will get tailored coverage under this policy

Closing your debt accounts will free up a lot of cash for other purposes. The problem, however, is how to pay off the debt early. Here are a few tips to help you formulate an effective strategy.  

Although people’s financial awareness has improved, there is more to be done to ensure their financial security and wellbeing, PFRDA chairperson Deepak Mohanty said.

These investment avenues are relatively of low duration and allow investors to diversify their portfolios with different maturities and the rate of returns.

Amidst the recent frenzy regarding Small and Medium Enterprises (SMEs) and mainboard IPOs, let’s look at investor behaviour after listing IPO shares.

Franklin India Medium to Long Duration Fund aims to create returns through a diversified mix of sovereign and high-quality corporate bonds.

The National Pension System (NPS) is open to all Indian citizens, except Hindu Undivided Family (HUF), Overseas Citizens of India (OCI), and People of India Origin (PIO).

UTI Mutual Fund expands its investment options with UTI Nifty200 Quality 30 and Private Bank Index Funds.

ASK Private Wealth launched the ASK Wealth Advisors India Opportunities Fund, which allows NRIs to invest in Indian capital markets.

CGAS simplifies managing and deferring your capital gains tax through designated deposits.

Retirement is meant to be hassle-free and relaxing, and here comes POMIS with the promise of regular income with low risk. 

Following a structured approach can make financial planning easy and achievable, and this is where the SMART goal strategy can be useful. Learn more.

By removing the need for a physical card, UPI-ICD makes cash deposits more accessible, particularly for those who may not always have their card handy

The Central Board of Direct Taxes (CBDT) dispute resolution scheme, e-DRS, will allow taxpayers to file dispute applications electronically.

Sebi has increased compliance requirements for entry into the derivatives segment to permit only high-quality stocks with market depth to trade.

From free Aadhaar updation to special FD scheme extension, here are 5 major changes in personal finance to take effect in September.

The Employees’ Provident Fund Organisation (EPFO) will soon develop a system to send transaction notifications for EPF deductions from salary, says the Union Labour Minister.

Plan for healthcare costs to protect your retirement savings and ensure financial stability.

Fifty-nine per cent of working professionals are uncertain about the well-being of themselves and their families; 83 per cent believe a financial plan is vital for children’s higher education, shows ABSLI’s A-Nishchit Index survey.

The Reserve Bank of India (RBI) and the Central Pension Account Office (CPAO) have issued advisories to caution the public about fraudulent communication impersonating them to cheat people.

Atal Pension Yojana (APY) guarantees a regular monthly pension for low-income people after retirement at the age of 60.

Payment of Gratuity Act, 1972, provides financial benefits to employees who have completed five years or more in an organisation at retirement.

BBPS is an integrated online platform that connects the utility and payment service providers.

Lessons about managing finances may seem boring for kids, but parents should be able to explain why these teachings are vital for survival in life.

The realty sector is expected to sustain the price rise momentum in 2024, driven by strong demand, stable interest rates, and the upcoming festive sales. However, as prices continue to surge, affordability remains a key concern for home buyers.

The Economic Affairs Department has issued guidelines for small savings scheme accounts opened in violation of the stipulated rules.

Protect yourself from online banking scams by staying alert and knowing how fraudsters approach.

An annuity deposit scheme provides regular interest income, making it an ideal plan for people who want a steady cash flow during retirement.

Pradhan Mantri Jan Dhan Yojana (PM-JDY) reaches out to people left out of the financial ecosystem and offers services like bank accounts, insurance, credit and pension.

The Reserve Bank of India (RBI) is set to launch a Unified Lending Platform (ULI) that aims to make India’s lending ecosystem transparent and convenient.

Under EPS 95, all formal sector employees are granted pension benefits upon reaching the retirement age of 58, assuring them financial security.

With thoughtful planning and an eye for comfort, elderly visitors can fully enjoy the many facets of Ho Chi Minh City's charm

The Union Cabinet has approved Unified Pension Scheme (UPS) for central government employees, set to take effect on April 1, 2025.

It’s important to note that if the limit under Section 80DDB is exhausted, any remaining medical expenses can be claimed under Section 80D, subject to the maximum threshold of Rs 50,000

Five small finance banks are offering senior citizens more than 9.0 per cent interest on fixed deposits (FDs). Seniors can avail of up to 9.50 per cent in Unity Small Finance Bank.

Senior citizens can explore various safe investment options in their portfolio for regular income post-retirement.

Investors who frequently trades in stocks should use this method to get details of tax liabilities for ITR

Scammers are increasingly targeting senior citizens for financial fraud, taking advantage of their possible lack of familiarity with technology and online threats.

The Reserve Bank of India (RBI) has allowed auto-replenishment of FASTag and National Common Mobility Card (NCMCs) under its e-mandate framework, it said on Thursday.

CBDT Chairman Ravi Agrawal assured that the task of reviewing the Income Tax Act of 1961 would be completed in the given timeframe of six months.

In India, pension forms a part of the income. However, the tax application varies based on the type of pensionyou receive.

Sebi Receives 17,892 Complaints Against RIAs Since 2011; ‘Tips And Trading Calls’ Top Grievance: Report

Whether it’s exploring ancient forts, staying in heritage havelis, or simply enjoying the serene landscapes, these hidden gems of Rajasthan ensure a memorable and fulfilling journey for seniors.

Union labour has minister confirmed that EPFO will migrate to a new IT system 2.01 in three months. Read on to learn more.

The Telecom Regulatory Authority of India (TRAI) has warned people of fraudulent calls impersonating the regulator.

A Senior Citizen Fixed Deposit is a safe investment instrument offering older adults a stable income stream and ensuring financial security in retirement.

A person's financial security is of utmost importance regardless of age. On World Senior Citizen Day, 2024, we present 5 investment options for senior citizens.

Elderly population in India is projected to become around 20 per cent of the total population by 2050. Thus, it is important to have a system in place for their well-being and be mindful of the needs of seniors.

Senior citizens can make use of new technologies to make their lives easier.

With its rich cultural heritage, stunning natural landscapes, warm hospitality, delicious cuisine, and accessible travel options, Sri Lanka is an ideal choice for older visitors seeking a memorable and enjoyable travel experience

The Reserve Bank of India (RBI) stressed the need to revise the deposit insurance coverage considering the growth in the value of bank deposits, inflation, higher income levels, etc.

Credit cards can help seniors access various online discounts and manage finances with ease.

Parents should ensure a water-tight gift deed to avoid complications when gifting properties.

Loneliness and depression are some major issues that seniors may face with progressing age and may lead to mental illnesses, and if that happens, they should seek professional help.

Bank of Baroda, J&K Bank, and IDBI Bank revised their fixed deposit rates during the week ending August 17, 2024, offering senior citizens interest rates up to 8.60 per cent.

The co-payment option in senior citizens' health insurance is a contractual arrangement where the policyholder pays a specified percentage of medical costs upfront, and the insurance provider covers the rest.

The State Bank of India (SBI) hiked its marginal cost of lending rate by 10 basis points, effective August 15, 2024.

A Systematic Investment Plan or SIP lets you invest in a mutual fund scheme at monthly or quarterly intervals while allowing you to compound your investments in the market.

On India’s 78th Independence Day, gift your loved ones these four financial tools to ensure long–term monetary security.

The Maharashtra State Gazetted Officers Federation (MSGOF) announced an indefinite strike from August 29 over the delay in issuing a notification of the revised NPS rules.

Retirement planning involves ensuring sufficient financial corpus for old age, as well as adequate cash flow, risk coverage, and liquidity.

EPFO is upgrading its IT infrastructure and developing a centralised database to help expedite the members’ claim settlement process.

The Reserve Bank of India (RBI) has modified rules for NBFCs to allow investors to withdraw their deposits prematurely within three months from January 1, 2025.

Haryana Chief Minister Naib Singh Saini appealed to farmers to register their Kharif crops on the government portal by August 15 to receive the bonuses.

The income tax department processes a tax refund claim after the taxpayer e-verifies the ITR. Depending on the case's complexity, this typically takes four to five weeks.

For elderly travellers, the City of Light offers many accessible and enjoyable activities. From leisurely strolls along the Seine to serene garden visits, here are the top seven things to do

An income tax clearance certificate (ITCC) is issued by the state revenue department to certify that the individual has cleared the tax dues, if any.

If you have received an income tax notice, there is no reason to panic. Carefully read the reasons for the notification, and respond appropriately.

The proposed amendment in the banking law will allow bank accountholders and lockers to nominate up to four nominees for their holdings.

In its bi-monthly monetary policy committee (MPC) meeting this week, the Reserve Bank of India (RBI) kept the repo rate unchanged at 6.50 per cent, which provides a cue for bank deposit rates

Lenders offer different types of home loans in India based on the customer’s needs. Hence, selecting the right type of loan is vital to avoid unnecessary expenses and obtainfull benefits.

Three-time Olympics wrestler Vinesh Phogat announced her retirement after she was disqualified from the Paris Olympics finals due to being overweight after an unexpected turn of events.

Maharashtra launchedthe Mukhyamantri Vayoshri Yojanato financially empower senior citizens so they could buy support equipment for various old-age-related disabilities.

The Karnataka government’s Gruha Lakshmi Scheme aims to provide financial security for women in the state.

The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) announced continuous cheque clearance in the Cheque Truncation System (CTS) instead of batch clearing.

In its monetary policy committee meeting (MPC), the Reserve Bank of India (RBI) decided to increase the UPI transaction limits for tax payments to Rs 5 lakh.

Senior citizens enjoy many benefits in India, from higher interest rates and deductions to cheap travel fares and other subsidies compared to others.

Build your retirement investment portfolio meticulously to avoid any financial trouble in old age.

Indian business tycoon Gautam Adani plans to retire in 2030 when he turns 70 and wants the next generation of his family members, his children and cousins, to take over the reins.

Union Finance Minister Nirmala Sitharaman announced removing the indexation benefit from long-term capital gain (LTCG) in Budget 2024-25, which has generated concerns in certain quarters.

Billionaire Warren Buffett believes investing in a company with a competitive edge at a fair price is more fruitful than investing in one with a lower chance of excelling.

Middle-income countries currently have around 75 per cent of the world’s population (6 billion), generating over 40 per cent of the global GDP.

PFRDA issues new guidelines for regulated entities (REs) and intermediaries to protect the data and privacy of the National Pension System (NPS) subscribers.

PNB, BOI, Federal Bank, Union Bank of India, and RBL Bank revised their fixed deposit (FD) rates in the week ending August 3, 2024.

Retirement planning is vital for financial security and a worry-free life in old age.

After Gadkari, other ministers, including those from the Opposition parties have called for removal of GST on medical and life insurance policies. For senior citizens already grappling with limited income sources and high premiums on health insurance products, such a step could prove to be a boon and a life saver

The Budget 2024-25 allocation for railways did not mention reintroducing the senior citizens concessions which was withdrawn during Covid-19. Recently, several Members of Parliament raised this issue demanding relief for senior citizens

Both PPF and NPS have their merits and drawbacks. So, you will need to do thorough research with regards to your investment goals, time horizon, and risk-taking capacity before zeroing in on one to build your retirement corpus

The Reserve Bank of India has issued a draft framework for the digital payments’ alternate authentication mechanism. The draft is open for comments till September 15, 2024.

For fixed deposits with tenures ranging from 180 days to less than one year, the deposit rate for amounts less than Rs 3 crore has been increased to 6 per cent per annum

The Reserve Bank of India has issued master directions for non-bank payment service operators, card networks, and prepaid payment instruments to establish robust digital security systems and processes to ensure cyber resilience

Maharashtra Chief Minister Eknath Shinde held a meeting with senior citizens’ group during which he promised to set up a special section for senior citizens in government hospitals, along with a commissionerate to serve as a nodal agency as well as provide them with assistance for old age homes, among others. He said the state government will also write to the Centre to reinstate the senior citizen concession on train travel

Pensioners of the three armed forces and civilians who have worked for the defence establishment can avail of their pension benefits through the Sparsh portal. The Sparsh Seva Kendra salso serve as touchpoints for such veterans and pensioners to activate their pension benefits

Today is the last date of filing your ITR for AY24-25. Failure or a delay could attract a penalty. Taxpayers can avoid this by timely filing their returns today after matching the details with the information available on the AIS

Senior citizens should carefully choose their FDs, comparing the rates of different banks, and employ strategies like laddering to ensure optimum results.

Section 80 CCD is related to tax deductions for NPS and APY subscribers.

Here are six disadvantages of investing in a senior citizen savings scheme (SCSS).

According to income tax rules, Form 10-IEA can only be filled twice in a lifetime: once to opt out and once to opt in.

HDFC Bank increased the fixed deposit interest rates for its 35- and 55-month FDs this week. Learn about the interest rates offered to senior citizens.

As of July 22, 2024, some four crore people had filed income tax returns (ITR), and chartered accountants and tax-filing websites played a major role in helping them do so.

NPS was initially launched in 2004 for the government employees to replace the old pension scheme (OPS) before opening it to all citizens in 2009.

Budget 2024-25 presented on July 23, 2024 has left the senior citizens highly disappointed as the government neither restored the railway concession withdrawn during the Covid-19 Pandemic nor extend the Ayushman Bharat-PMJAY scheme to all seniors above the age group of 70 years irrespective of their economic criteria, despite an increase in the Ayush Ministry budget

The Income Tax Act exempts special allowance for salaried people under section 10 (14).

However, it must be noted that the net payroll addition under EPFO in FY24 at 131.5 lakh was slightly lower than 138.5 lakh in FY23.

Section 80TTB was introduced in the Income Tax Act to provide tax relief to senior citizens.

Taxpayers will need to submit a condonation request to the income tax department for pardon if they delay e-verifying their income tax return (ITR). Here’s how to submit a condonation request.

Section 80U of the Income Tax Act of 1961 allows differently-abled people to claim tax deductions based on the severity of their disabilities and medical proof.

The deadline to file an income tax return (ITR) is July 31; file your ITR returns on time to avoid last-minute technical glitches on the e-portal site.

Five banks revised their fixed deposit (FD) rates during the week ending on July 20, 2024. Know what they offer to senior citizens.

Indians’ household financial wealth has reached 97.2 per cent of the Gross Domestic Product (GDP) at the end of March 2023, as per the Reserve Bank of India’s (RBI) survey.

Section 80EE of the Income Tax Act allows deductions on the interest paid on a home loan.

The income tax rules provide additional tax benefits to senior citizens aged 60 and above on the total income in a financial year.

Salaried individuals are expecting higher tax exemptions as well as better HRA regulations in Budget 2024, which is set to be announced later this month

Pension is considered as an income and is taxed the same way as salary. The filing of ITR for pension is also similar to that of salary income

It is important to have a health insurance cover, but it is essential to identify your specific insurance needs considering your existing illnesses or dependants before buying one

The National Pension System offers tax benefits on deposits as well as on withdrawals. This social security scheme is open to the citizens of India, including non-resident Indians, to provide financial security in old age

Section 80D of the Income-tax Act, 1961 allows for tax deduction for senior citizens on medical expenses, whether the expenses were incurred by themselves or their children

The State Bank of India (SBI) launched a new fixed deposit (FD) scheme, the 444-Day Amrit Vrishti, on July 15, 2024. Know its key features and the rate of interest for senior citizens.

There are different types of income tax return (ITR) forms, each with a specific purpose or meant for individuals from different income backgrounds.

The new regime has lower tax rates and fewer slabs; hence, it has limited the previously available exemptions and deductions, such as those under Section 80C in the old regime.

Verifying your tax return is as important as filing your Income Tax Return (ITR), failing which can attract penalties and other provisions of the law. Learn more.

Income tax: You can track the income tax refund status on the I-T department’s e-filing portal.

Technology is essential for seniors as it enhances connectivity, promotes independence, and aids in daily tasks. However, it's crucial to approach technology with caution.

The Bank of Maharashtra and J&K Bank revised their fixed deposit (FD) rates for the week ending July 13, 2024.

Keep your National Pension System (NPS) account active when switching jobs by converting it to an all-citizen account. Here’s how to do it.

The Haryana government also provides financial assistance to other marginalised people, such as transgender, widows, differently-abled people, destitute women and children, etc.

Senior citizens can considerably improve their chances of securing a home loan by implementing a few key strategies.

The sale proceeds from a capital asset can be stored in a capital gain savings account if no reinvestment avenues are immediately available to save tax. Learn more

Given the superior returns NPS provides, more and more people, including corporate and government employees, have recently joined the savings scheme.

The National Pension System (NPS) is a government-backed small savings scheme for retirement that invests in equity, debt and alternative investment instruments.

The Kerala government provides monthly pensions to eligible residents in the state, such as senior citizens, widows, and differently-abled people, among others.

National Health Claim Exchange (NHCX) aims to make the claim settlement process faster and smoother by integrating all relevant insurance-related data under one platform.

Before the 2020 pandemic, the Indian Railways offered a 50 per cent and 40 per cent discount on train fares to female senior citizens and male and transgender senior citizens, respectively.

If no valid nomination exists at the time of the subscriber’s death, any nomination in the employer’s records for receiving other benefits will be treated as a nomination for NPS.

Section 80TTB benefit can be availed of only if the senior citizen chooses the old tax regime and meets the eligibility criteria, such as age and residency status.

The income tax (I-T) department has put in place certain safeguards, including monitoring of high-value transactions, to combat the menace of tax evasion and money laundering.

Non-government employees will have to pay tax on 50 per cent of the lump sum amount drawn at retirement minus the gratuity; the remaining portion is tax-free.

Given the various reasons for NPS withdrawals, the government has provided specific forms for withdrawing funds from the pension account.

Before implementing the One Rank One Pension (OROP) scheme, the pension amount was calculated based on the personnel’s last drawn pay (pay band) at retirement.

Eight banks, including Punjab and Sind Bank, Bank of India, Union Bank of India, ICICI Bank, and Axis Bank, have revised their fixed deposit rates during the week ending July 6, 2024.

Bihar exceeded the FY2023-24 APY enrolment target by 177 per cent, Assam by 159 per cent, and Jharkhand by 158 per cent, according to PFRDA.

Senior citizens aged above 60 and below 80 can avail of the benefits up to a certain limit under Section 87(A) of the Income Tax Act in the old and new tax regimes.

The Employees Provident Fund (EPF) is a retirement savings account in which the employee and the employer each contribute up to 12 per cent of the staff’s basic monthly salary.

The Delhi government’s Mukhya Mantri Teerth Yatra Yojna for senior citizens might resume by the end of July after a brief pause due to elections. Here are the details of the scheme.

One has to file an income tax return in case of a tax liability, but in some cases, it is mandatory to file one even when the income is below the basic exemptions limit

President Droupadi Murmu told Parliament in a speech that all senior citizens over 70 years of age will be eligible for coverage and free medical care under the Ayushman Bharat Yojana

Health insurance is crucial for medical emergencies, but if the insurer denies the claim, raising a grievance remains the only resort

Filing income tax returns (ITR) is crucial even if there is no tax liability. Here’s how to your ITR in 10 easy steps online.

The Samagra pension portal was launched by the Madhya Pradesh government for the ease of the existing and new beneficiaries seeking information related to the scheme, disbursals, etc.

RBI floating rate savings bonds offer 8.5 per cent annual interest; should senior citizens invest in them?

The West Bengal government’s Women and Child Development Department disburses the old age pensions to the eligible beneficiaries in the state.

All senior citizens aged 60 and above but below 75 must file their income tax returns.

Around 90,000 cases, on average, are registered on the Centralised Pension Grievance and Redress System (CPENGRAMS) web portal annually, according to government data

The Reserve Bank of India (RBI) has maintained a cautious stance on inflation, keeping the repo rate unchanged at its five previous Monetary Policy Committee (MPC) meetings.

Virat Kohli, Rohit Sharma and Ravindra Jadeja announced their retirement from T20 international cricket after their thrilling 7-run victory in the T20 World Cup on Saturday.

The scheme allows senior citizens from the economically weaker section of society to go on pilgrimage to a holy site at the state’s expense.

ICICI Bank revised its fixed deposit (FD) interest rates today, learn more.

Senior citizens will comprise 20 per cent of India’s population by 2050, so ensuring adequate pensions for them is crucial for their financial securityand the country’s economic stability.

Effective July 1, 2024, the Pension Fund Regulatory and Development Authority (PFRDA) will make settling transactions on the same day mandatory in the National Pension System (NPS).

The new Andhra Pradesh government led by Chief Minister N. Chandrababu Naidu vows to distribute pensions worth Rs 4,400 crore to senior citizens this year.

The National Pension System (NPS) is a retirement savings tool offering exposure to both equity and debt instruments.

All eligible beneficiaries, including senior citizens, differently-abled people, and those suffering from leprosy and AIDS, can apply for the Madhu Babu Pension Yojana.

The last date of filing income tax return (ITR) for FY2023-24 is July 31;in case you miss the deadline, you will be liable for a penalty.

One can open an SCSS account at the post office or with the bank, giving proper details such as know-your-customer (KYC) documents, PAN and Aadhaar information, etc.

NPS asset classes include equities, corporate debt, government securities and alternative investment funds; their allocations vary based on the subscriber’s age.

Enrolments in the Atal Pension Yojana (APY) scheme rose around 24 per cent to 643.52 lakhs in FY2023-24, with higher participation from women and younger people.

The last date to file an income tax return (ITR) without a late fee is July 31; all resident Indian citizens with taxable income must file their tax returns.  

Effective September 1, 2014, the maximum pensionable salary was increased to Rs 15,000, and the employers were required to contribute 8.33 per cent to the EPF.

Staying socially active after retirement can help senior citizens reduce the risk of cognitive decline. Here’s what they can do to keep themselves occupied.

A family pension is offered to the eligible family members of a deceased government employee as per the Central Civil Service (Pension) rules. Learn more.

IDBI Bank, Axis Bank, and Capital Small Finance Bank have revised their fixed deposit (FD) rates in the week ending June 22, 2024.

The NPS regulatory body PFRDA is set to launch a balance life cycle fund soon for non-government subscribers.

Employers can also claim a tax deduction for contributions to employees’ NPS accounts, limited to 10 per cent of the salary (Basic + DA) under the “Business Expense” category.

On International Yoga Day today, make a pledge to start a fitness regime with daily yoga “asanas” to keep you fit and healthy. It will help reduce your medical bills in old age.

Unclaimed deposits in RBI’s DEA fund have increased by 26 per cent to Rs 78,212.53 crore in FY2023-24over the previous fiscal year.

A legal heir certificate is required without a will to facilitate the transfer of assets to the rightful heir after the original owner dies.

Older people new to ITR filing or with limited knowledge should know their basic tax exemption limit. For instance, for senior citizens, it is Rs 3 lakh; for super senior citizens, it is Rs 5 lakh.

The CRAs of NPS and APY schemes launched over two dozen functionalities in the last two quarters of FY2023-24 to facilitate investing, improve security, and comply with rules.

The Employees’ Provident Fund (EPF) is a pension plan for salaried individuals working in the organised sector; here’s how tocheck the EPF pension status online.

The National Pension System (NPS) is a government-regulated pension scheme open to people aged between 18 and 70; here’s how to open an account.

An executor plays a crucial role in a Will, so choose the person carefully to ensure fair execution of your wishes.

Public Provident Fund (PPF) is a long-term scheme for retirement with tax benefits. Historically, it provided more than 7.0 per cent returns annually

Before signing a loan agreement, thoroughly review the terms and conditions, including the interest rates, repayment plan, costs, etc.

The Telangana government issues a senior citizen card or certificate to elderly people domiciled in the state to help them easily access various government welfare schemes.

EPFO has discontinued the facility for non-refundable advances from EPF accounts provided during the Covid-19 pandemic. Know what other withdrawal conditions are available.

SBI, PNB, HDFC, Kotak Bank, Jana Small Finance Bank, and 12 more banks revised their fixed deposit (FD) interest rates during the week ending June 15, 2024.

The last date to update Aadhaar details for free is extended again by three months to September 14, 2024.

All eligible Indian citizens can open a National Pension System (NPS) account online and offline with certain conditions.

Atal Pension Yojana (APY) is a pension scheme provided by the government to financially help those working in the unorganised sector.

Senior citizens can now seek help from the Delhi Police at their doorsteps via a mobile app.

Homebuyers may face legal and financial implications if the developer or the real estate agent from whom they buy a property does not have a valid RERA registration and license.

Scammers and fraudsters often send web links via emails and phones disguised as promotional content to lure unsuspecting individuals.

Financial planning is crucial in every stage of life to achieve specific needs in each phase.

Plan your finances strategically. For instance, consider life expectancy, projected returns, inflation, and present and future income to ensure regular cash flows.

You can use the annual bonus money wisely to secure your finances in retirement.

Sebi has abolished the rule of a debit freeze on demat and mutual fund accounts lacking nomination details, but you should still update it; here’s why

The Insurance Regulatory and Development Authority of India (Irdai) instructed insurance companies to set up a cashless health claim settlement system by July 31, 2024.

The UP widow pension or “UP vidhwa” pension is a state government-run monthly pension scheme for widows to help them sustain their living.

Artificial intelligence (AI) can help create a holistic investor profile and portfolio to provide clients a tailored personalised investment plan.

Suppose your monthly salary is Rs 50,000 - read to know how you can implement the 30-30-30-10 budgeting strategy to build a retirement corpus

A trust is a legal entity formed to entrust an appointed trustee with the responsibility of carrying out the trust's duties.

Five banks, Indian, DCB, RBL, Axis, and AU Small Finance Bank, revised their fixed deposit (FD) rates in the week ending June 8, 2024.

EPFO launched digital life certificates (DLCs) in 2015 for the convenience of EPS pensioners.

Here are the details of the financial deadlines and rules effective in June.

Estate planning is critical to safeguarding and distributing your property to the rightful heirs.

The portfolio value must be less than Rs 10 lakh for all securities (debt or non-debt) at any point to stay eligible for Basic Service Demat Account.

The Mahila Samman Savings Certificate is a post office-run investment scheme for women that offers attractive returns and aims to help women achieve financial independence.

Over the last few years, grants under the IPSrC for old-age homes have reduced from Rs 12,258.27 lakh in 2020-21 to Rs 7,231.38 lakh in 2022-23.

In the APY scheme, the nominee receives the accumulated funds if both the subscriber and the spouse die.

The Employees’ Provident Fund Organisation (EPFO) has recently made several changes to the rules governing the EPF claim process to facilitate members’ flexibility and convenience.

As the Lok Sabha election results trickled in and the fate of the caretaker BJP-led government hung in the balance, the stock market tanked in the early session on June 4, but gold prices surged.

UPI restricts daily transactions to Rs 1 lakh, but can this limit be increased? Learn more.

The National Pension System (NPS) offers two types of accounts—Tier I and Tier II—for monthly pensionsand regular investments for wealth creation, with varying features in both.

Retirement gratuity and death gratuity depend on the last basic pay drawn and the length of service rendered by the employee.

Four banks have revised their fixed deposit (FD) interest rates ahead of the Reserve Bank of India's (RBI) monetary policy meeting next week.

Government health insurance schemes are cheaper than those from private health insurers; however, the latter offers more customisation and possibly wider coverage of diseases.

The telecommunication department has launched a new number series, “160,” to help people differentiate between genuine and spam calls.

June is also the quarter-end, and there are some important financial deadlines that one should keep note of. Here are the details regarding updating Aadhaar, nomination in mutual funds, and special deposit rates for FDs

Banking frauds have increased nearly three times in the last one year, though the amount involved has declined to almost half. Here are the details

The Ministry of Ayush, in a recent discussion, brought about different issues related to Ayush, such as the regulatory framework, policy support, and integration of Ayush treatment under insurance schemes

Policyholders are expected to choose a nominee at the time of purchasing an insurance cover. In the event of a claim, the insurer will provide the benefits covered by the policy to the specified nominee

Celebrate National Senior Health and Fitness Day by participating in these activities and making them a part of your daily life in your senior years

The Reserve Bank of India has launched a mobile application to make investing in G-secs easier for investors

Retirement day is special for everyone, so a gift for the occasion should be well thought of to make it memorable, whether the person is a family member, colleague, or friend.

The Hindu Succession Act of 1956 is an inheritance law governing property succession that applies to Hindus, Jains, Sikhs, and Buddhists.

Haryana government publishes a pension list containing the names of all beneficiaries receiving old-age pensions and those being newly enrolled in the state to receive the benefits.

Many social media influencers offer financial and investment advice; while some are qualified, others are not and give misleading information, causing people to suffer major losses.

DCB Bank revised its FD rates on May 22, offering senior citizens a maximum of 8.55 per cent.

The Rajasthan government offers old-age pensions to people from different sections of the society based on their income, health, age, gender, and other factors.

The Tamil Nadu government offers the Chief Minister Comprehensive Health Insurance Scheme with Rs 5 lakh coverage to the economically weaker section of the society. Learn more

A Senior Citizen Savings Scheme (SCSS) provides regular cash flows, while a Senior Citizen Savings Account offers flexibility in deposits and other benefits. Learn more.

Delay in retirement planning can cost you dearly; here’s how it can impact your corpus fund.

Given that the insurance claim process can sometimes be cumbersome and time-consuming, the proposed National Health Claim Exchange aims to simplify and speed up claim processing.

The requirement for car insurance coverage may vary from one individual to another, depending on the vehicle and its use.

A house purchase is a big investment, so weigh carefully all the aspects, its pros and cons, before deciding. Here are some things to consider before purchasing a house or an apartment.

The Senior Citizen Savings Scheme (SCSS) offers a guaranteed 8.2 per cent interest on deposits, paid on fixed dates: April 1, July 1, October 1, and January 1 in each financial year.

Invest in short-term instruments if your goals have a timeframe of one year or less.

Maharashtra has the highest number of real estate projects (45,245) registered with RERA, followed by Tamil Nadu (21,505) and Gujarat (12,972) as of April 8 this year.

The NPS calculator estimates the expected returns you will likely earn against your NPS investments over a period.

The Indian Succession Act of 1925 governs inheritance, will, and succession rules. Learn more

The Employees Provident Fund Organisation (EPFO) has relaxed its EPF settlement rules to allow nominees to make death claims even if the subscriber hasn’t linked the account with Aadhaar.

Five banks, including a small finance bank, have revised their fixed deposit rates during the week ending May 18, 2024. Know the details

Succession planning is indispensable for business, trust and personal holdings like real estate to ensure a smooth transition of rights and powers to your successor.

The National Pension System (NPS) is a market-linked small savings scheme for retirement and invests in four broad asset classes. Learn how they performed over the past year.

A senior citizen card is an official document certifying an individual’s age as 60 or older to avail of various government services and facilities, including pensions.

More than one reason can lead to the deactivation of your NPS account, such as insufficient KYC details, non-compliance, suspicious transactions, and inactivity.

Senior citizens are prone to age-related medical conditions, so health insurance is a must. However, the icing on the cake is the tax benefits that come with it.

Atal Pension Yojana allows premature exit during exceptional circumstances; the government contributes 50 per cent of a member’s annual contribution, or Rs 1,000, whichever is less.

A dead relative’s legal heirs will need a legal heir certificate for transactions like settling bank accounts, claiming insurance, receiving family pensions etc.

The senior citizen savings scheme (SCSS) is a secured investment tool for senior citizens offering an 8.2 per cent interest rate on deposits.

The current supply of senior housing units is just one per cent, or around 20,000 units, of the total demand; the market is expected to grow five times by 2030, says a Colliers report.

Kashmir offers many experiences for elderly travellers, from serene houseboat rides on the Dal Lake to scenic walks amidst lush meadows and snow-clad peaks

A senior citizen card is a certificate provided by a state government to people aged 60 and older to enable them to access various welfare services meant for this age group.

Health expenses can be a significant issue in old age if not prepared well, so a health insurance plan can provide the financial cushion for such emergencies post-retirement.

Double Tax Avoidance Agreements (DTAA) can help optimise tax obligations and ensure financial efficiency.

City Union Bank and Capital Small Finance Bank revised their fixed deposit rates during the week ending May 11, 2024. Learn more.

National Pension System is a retirement savings scheme. Although NPS matures at retirement or upon reaching 60, it has defined withdrawal rules for subscribers. Learn more.

The Uttar Pradesh government provides monthly pensions to senior citizens, destitute women and differently-abled people belonging to economically weaker sections of society.

Samajik Suraksha Pension Schemes or social welfare pension schemes help people plan their financial security post-retirement.

Haryana Old Age Pension Scheme, also known as Old Age Samman Allowance, is a government-backed social welfare scheme that provides financial security in old age.

Testamentary succession is executed through a will made by a testator expressing his/her wishes for their estate planning including, investments, properties, and other valuable articles.

Gold holds an important position in Indian traditions; people buy gold jewellery during festivals like Akshaya Tritiya which is believed to bring prosperity.

A good credit score in your pre-retirement years can help you raise funds easily in your post- retirement life.

The Pension Fund Regulatory and Development Authority (PFRDA) has provided access to all three central record-keeping agencies (CRAs) for APY subscribers.

Atal Pension Yojana (APY) is a social security scheme for workers from the unorganised sector, offering a defined monthly pension, which is fixed at the time of opening the account.

Financial institutions provide various senior-friendly banking services for the ease of older people such as doorstep banking, reduced charges and online and offline support.

From decoding residency status to leveraging Double Tax Avoidance Agreements (DTAA), here's a comprehensive guide to demystify tax complexities for Non-Resident Indians (NRIs)

Six banks have revised their fixed deposit rates in the week ending May 4, 2024. Learn more.

Retirement savings will be critical in a country of 1.4 billion people, the world’s most populous nation, given that by mid-2050, one in five Indians will be above 65.

Senior citizens must consider the pros and cons before venturing into digital gold, such as volatility, transaction costs, convertibility into physical gold, taxation, etc. Learn more 

Explore ways to use your annual bonuses for financial growth and security in retirement—from debt repayment and emergency corpus to skill development.

The beneficiaries of the YSR Pension Kanuka scheme receive a monthly pension of Rs 2,250; furthermore, those who are differently-abled get Rs 3,000 per month.

Sovereign Gold Bond (SGB) is a government-backed investment scheme offering fixed interest and an opportunity to earn from the yellow metal’s price increase until maturity.

The Asian Development Bank’s (ADB) ‘Aging Well in Asia’ report emphasises the need to expand health coverage for India's growing elderly population.

Are retirees overlooking a crucial aspect of their well-being? Mental health insurance policies play a vital role in ensuring a secured and fulfilling retirement for senior citizens.

The Securities and Exchange Board of India (SEBI) has made it mandatory for investors to provide nominee details in mutual funds or opt-out to prevent freezing of the account.

The Pay-as-you-drive (PAYD) plan is an affordable option for people, especially for seniors who may use their cars sparingly due to their mobility issues or dependence on public transport.

The government launched the NPS scheme on January 1, 2004, initially for government employees, but it opened it for all citizens on May 1, 2009.

The Sevana Pension Scheme is a welfare initiative of the Kerala government for the economically weaker section of society, including senior citizens, widows, and differently-abled.

Unlike a traditional mortgage, which uses the home as collateral, a reverse mortgage allows the homeowner to retain ownership while the loan continues.

Income sources dealt with under Section 56 of the Income Tax Act include dividends, one-time payments, advance payments, severance packages, and revenue from renting machinery.

Senior drivers need to look for specialized features in their cars to minimize fatigue and accidents during driving.

Tax evasion differs from tax avoidance, and taxpayers should know the difference to avoid unknowingly committing tax fraud. Learn more.

Money, land, etc., received as gifts from people are taxable in the hands of the receiver, and the Income Tax Act sets the rules for exceptions, eligibility and other considerations.

As per the income tax rules, individuals must link their PAN and Aadhaar cards, failing which will attract double the standard rate of TDS deduction.

If you want the account details in a regional language via an SMS, you will need to enter the code in the relevant language.

In 1985, the then PM Rajiv Gandhi had abolished the inheritance tax following public resentment. Currently, there is no inheritance tax, whether through a will or intestate succession.

Indian tennis icon Sania Mirza retired from the professional game in 2023, but it was not the end of the road for her as she found a new vocation which is equally fulfilling and exciting.

The National Pension System (NPS) is a market-linked pension savings instrument with variable returns, while the Public Provident Fund (PPF) offers fixed returns set by the government.

Removing the age cap for health insurance could encourage insurers to introduce innovative products targeting different age groups, including senior citizens.

Real estate deeds facilitate a smooth transfer of custody and ownership in a legally binding process.

The National Pension System (NPS) is a savings and pension plan for resident and non-resident Indians; however, if subscribers have any NPS grievance, they can register them as follows.

Learning about the companies and their products and services will go a long way in selecting the right financial product and securing your financial future. 

Kisan Vikas Patra (KVP) is a post office investment scheme that allows people to earn interest on their investments.

Senior citizens need to adapt to the changing technology to survive.

HDFC Bank extended the last date of its senior citizen fixed deposit scheme.

To ensure financial security at retirement, consider investing in assets that have historically provided inflation-beating returns, such as mutual funds, stocks, real estate, etc.

Technology is taking the world by storm with innovation and technological advances to facilitate better health care for people.

Seniors citizens can now buy health insurance products after 65 as the Insurance Regulatory and Development Authority (IRDAI)removes the age limit for health insurance policies.

A decumulation or withdrawal strategy post-retirement is as vital as the accumulation phase.

Gold investors consider the yellow metal a safe investment because of its price stability and stable returns over the long term.

Four banks have revised their interest rates in the week ending April 20, 2024. Know the details.

An inherited property is not subjected to tax at the time of inheritance, but it is taxable during sale under the Indian Succession Act 1925.

Mis-selling refers to the deliberate concealment or misrepresentation of facts when selling a product or service to customers. Learn more.

Section 24 of the Income-tax Act of 1961 allows taxpayers to claim tax deductions against home loan interest and income from a rental property in a financial year. Learn more.

In the last five financial years, UPI transactions and their value grew at 147 per cent and 168 per cent compound annual growth rates (CAGR), respectively.

Perpetual succession is a legal arrangement to help you exit from your business or an organisation you have founded in the event of your death or retirement.

Estate planning helps you safeguard your assets; learn how trusts are used for different purposes in estate planning.

The Employees’ Provident Fund (EPF) members can withdraw up to Rs 1 lakh instead of the earlier limit of Rs 50,000 from their EPF accounts for medical needs.

The Samarth Vriddha Sewa Ashram Yojana provides housing to seniors and super seniors belonging to the economically disadvantaged section of society in Haryana.

Senior citizens have immensely benefitted from voice technology, from gadgetsfor companionship and connection to providing information and health assistance.

If you are self-employed or work as a consultant and pay home rent, you may not have access to the house rent allowance (HRA) as salaried people do. So, how will you get tax relief?

BJP's manifesto promises expansion of Ayushman Bharat Insurance and PM Mudra Yojana, while Congress promises Rs 25 lakh cashless health insurance and higher pensions. Learn more

Succession and legal heir certificates are crucial documents for estate planning but have distinct purposes.

Double taxation means tax levied on a person in more than one country for an income, item, or service purchased, so the taxation treaties help prevent double taxation.

Post Office Time Deposit Scheme is a short-term savings account offering account holders attractive interest rates, which are guaranteed, and different lock-in periods to choose from.

PFRDA Chairman Deepak Mohanty said life expectancy at birth was 35 years in 1950, but it has doubled to 70 years now; someone at 65 is expected to live another 15 years now.

Here are some initiatives that helped increase digitalisation and financial inclusion in India, benefitting all citizens, including senior citizens and those living in the remote parts of the country.

Four banks, including Bandhan Bank and J&K Bank, have revised their fixed deposit rates in the week ended April 13, 2024, offering senior citizens a maximum of 8.35 per cent.

Both annuity and pension plans can help ensure steady cash flow post-retirement, so which one should you choose?

With careful planning and a spirit of adventure, these road trips from Hyderabad can be a fulfilling and enriching experience for elderly travellers

The Employees’ Provident Fund Organisation (EPFO) is considering raising the ceiling wage to enhance social security coverage of salaried individuals.

A Post Office Recurring Deposit account can help you earn attractive interest on your monthly deposits, providing accountholders a passive source of income and financial security.

Health issues are inevitable in old age, but these wearable devices can improve the quality of life for senior citizens.

A Voluntary Provident Fund (VPF) is a fixed-income option for employees to save money for retirement along with the Employees Provident Fund.

Senior Citizen Savings Scheme (SCSS) is a short-term high-interest rate investment instrument regulated by the post office.

The SANKALP platform enables the central government employees to find employment or voluntary work assignments after retirement as it connects potential employers with employees.

Many people make the mistake of overlooking retirement planning until the later stages of their career, leading to potential financial calamities.

Even senior citizens, who were earlier seemed hesitant, have embraced digital banking today for ease and practicality.

Each pension scheme produces different results, and investors can choose them based on their financial requirements after retirement.

The State Bank of India (SBI) has again extended the deadline of its two fixed deposit (FD) schemes, SBI Amrit Kalash and SBI WeCare, which were to expire on March 31, 2024.

As organisations strive to excel in their respective domains, they constantly look for people with experience to help them succeed in their goals.

Considering all budget-friendly options during travel is vital for all travellers, including senior citizens, especially those on a strict budget.

Five banks have revised their fixed deposit (FD) rates this week, close in the heels of the Reserve Bank of India’s (RBI) monetary policy committee (MPC) meeting that concluded on Friday.

Ageing can lead to poor memory retention, so certain memory games can help them stay sharp.

Your income could be limited after retirement,and you may want to get involved in projects to earn the lifestyle of your dreams. Here are some sectors to get involved in to ensure cash flow.

RBI has proposed several measures to strengthen the capital market, encourage growth, enhance public confidence and contribute to economic development at itslatest MPC meeting.

Your mutual fund systematic investment plan (SIP) could be cancelled if you fail to comply with the new electronic clearing service (ECS) rules effective April 1. Learn more.

PM Street Vendor’s AtmaNirbhar Nidhi (PM SAVNidhi) offers a micro-credit facility to help resume livelihood for small vendors severely hit during the COVID-19 pandemic.

The Central Government Health Scheme (CGHS) is a healthcare facility for central government employees working or retired.

Naming a nominee is crucial as life is uncertain, and it gives you a certain degree of guarantee that your family or the people you care about will be taken care of financially.

The World Autism Awareness Day was first observed by the United Nations in 2007 to spread awareness about the disorder.

Senior citizens in Andhra Pradesh can avail of a monthly pension of Rs 3,000 under the YSR Pension Kanuka scheme launched in 2019.

As the new financial year kicks in, here are three financial changes effective today that retirees and senior citizens must be aware of.

Apps for booking cabs, ordering groceries, video chats, and other activities can be immensely beneficial for senior citizens. Learn what these apps are and how to use them.

All insurers must mandatorily provide the porting facility to their customers as stipulated by the Insurance and Regulatory Development Authority of India (IRDAI).

Bank of Maharashtra and Suryoday Small Finance Bank revised their fixed deposit (FD) ratesthis week. Know the different tenures and rates available to senior citizens.

To boost transparency and safety in the stock market, Sebi recently directed the Association of Mutual Funds in India (AMFI) to conduct stress tests on all small-cap and mid-cap funds.

If a PM-SYM subscriber gets hired in an organised sector, the subscriber automatically gets enrolled into the Employees Provident Fund Organisation (EPFO).

The Income-tax Act of 1961 offers tax benefits to senior and super senior citizens under certain conditions. Read on to learn more about them.

PGIM India Retirement Fund opened for subscription on March 26, and will close on April 9; the fund is benchmarked against the S&P BSE 500 TRI.

Senior citizens can learn various skills to keep them occupied post-retirement. Here are a few skills they can learn to keep themselves engaged.

From Systematic withdrawals to lump sum withdrawals or providing pension to the nominee in case of death NPS offers various benefits on exit or premature closure.

With markets expecting a rate cut from the Reserve Bank of India (RBI) later this year, where should senior citizens invest for stable risk-free returns? Here are some investing options.

As the financial year comes to an end, tax calculations and deposits are in full swing. Here are some investment instruments that senior citizens can explore for guaranteed income and to save taxes.

Pradhan Mantri Vaya Vandana Yojana (PMVVY) is a pension scheme providing senior citizens with monthly pensions for up to 10 years. Learn more about its features and benefits.

IDFC FIRST Bank and City Union Bank have revised theirfixed deposit (FD) interest rate this week, offering senior citizensup to 8.50 per cent.

Varishtha Pension Bima Yojana provides pensions to senior citizens within a month of purchasing the plan. Learn about the policy features, returns, pension amount and other benefits.

Portfolio diversification will help investors reach their financial goals with minimal risk; here are some investment options that senior citizens can explore after retirement.

More awareness among senior citizens about various online frauds will empower them to protect themselves against cyber financial crimes.

Atal Pension Yojana (APY) is a government-supported retirement pension scheme. Learn about its features, exit strategy, and maturity benefits.

India ranks 126th out of 143 countries in the World Happiness Report 2024, but contrary to the popular belief of decreasing life satisfaction in old age, the results show the opposite in India.

Post Office Monthly Income Account (POMIS) is a risk-free investment scheme that provides guaranteed monthly interest income. Should senior citizens consider POMIS? Learn more

Section 139 (8A) of the Income-tax Act, 1961, allows taxpayers to correct previously filed income tax returns (ITRs) to the Income Tax Department.

The National Helpline for Senior Citizens or Elder Line is a government-supported toll-free helpline number for senior citizens to obtain information regarding their welfare schemes.

The Mukhyamantri Vridhjan Pension Yojna is implemented by the Bihar government to provide financial assistance to senior citizens of the state.

The Pension Funds Regulatory and Development Authority (PFRDA) made implementing the 2-factor authentication for NPS mandatory, effective April 1, 2024.

The National Pension System (NPS) is a government-backed small savings scheme for retirement. It allows a lumpsum withdrawal of up to 60 per cent at age 60.

The State Bank of India’s (SBI) special fixed deposits Schemes, “SBI Amrit Kalash” and “SBI WeCare” will stop accepting applications from April 1, 2024.

RBI’s floating rate bonds are investment instruments where one can invest a minimum of Rs 1,000 without any upper limit and earn regular interest every six months.

As of March 1, 2024, NPS added 7.92 lakh new members, and PFRDA has set a goal of adding one million new users by the end of March 2024.

The Department of Telecommunication (DoT) has launched the Chakshu facility on the Sanchar Saathi portal to enable citizens to report suspected fraud communication. Learn More

The grandfathering rule applies to capital gains tax on assets bought before March 2018, when there was no long-term capital gains tax (LTCG) on redeeming long-term investments.

Small finance banks offer higher interest on fixed deposits than larger banks. The rates are currently 9 per cent or more for senior citizens

Retirement planning is about securing retirement years financially with sustainable cash flow and sufficient savings to handle emergencies.

Senior living homes are evolving with the needs of seniors and providing a more extensive care and comfort solutions for their residents.

The Employees’ Deposit Linked Insurance Scheme (EDLI) provides life insurance to employees. A nominee or legal heir can claim the insurance through Form 51F.

Government pension schemes can help senior citizens save on taxes and accumulate a bigger corpus at retirement.

The programme offers attractive packages starting from Rs 90,000 plus GST, which is subsidised by the Uttarakhand government.

The National Pension System (NPS) offers retirees the systematic lump-sum withdrawal (SLW) facility, which allows them to earn regular monthly income while ensuring capital growth.

The Haryana government provides Rs 3,000 as old-age pensions to people who are 60 years of age and above under the Samman Allowance Scheme launched in 1966.

The number customer complaints against banks have increased but ‘maintainable’ complaints have decreased, the Reserve Bank of India (RBI) said in its annual report.

Healthcare devices can help seniors cope with difficult medical conditions and recover.

Future Generali Life Insurance Company has launched the “Single Premium Anchor Plan”, which offers an entry age of up to 65 and income options of up to 95.

Financial literacy is the ability to make sound financial decisions, combining knowledge, behaviour, and the right attitude.

To be financially successful, one must have perseverance, commitment, and financial discipline. So, what personal traits make one financially independent?

Tax-loss harvesting is a strategy to offset losses against capital gains and reduce tax liability.

NPS assets jumped to Rs. 11.50 lakh crore, driven by favourable market momentum; as of March 1, 2024, 7.92 lakh new members had joined the savings scheme.

As the name suggests, these fixed deposit (FD) schemes provide investors with tax benefits in addition to guaranteed returns; however, they come with certain restrictions. Learn more.

Axis Bank and Ujjivan Small Finance Bank revised their fixed deposit (FD) rates in the week ending March 9, 2024;know the interest rates of small saving schemes for the next quarter.

Women who are single or live alone must plan their retirement carefully as they may or may not get the adequate financial support they want from other people.

The central government raised the dearness allowance (DA) and dearness relief (DR) for its employees and pensioners by 4 per cent, effective January 1, 2024.

Financial literacy is essential for everyone, regardless of age or gender. It is vital for women to excel in their careers and ensure the family’s financial security.

This year’s theme for International Women’s Day, celebrated on March 8 every year, is ‘Invest in Women: Accelerate Progress’.

A study published on the eve of International Women’s Day revealed that over 39 per cent of women began investing in their 20s, and 44 per cent have prioritised retirement planning.

Financial planners can be your aid if you don’t have sufficient knowledge in the market or in matters of tax, retirement and estate planning, which you will have to deal with at some point.

The financial protection levels amongst urban Indian women have increased from 33 to 41 points over the past six years, surpassing the 40-point mark for the first time, the report says.

The Reserve Bank of India (RBI) has issued FAQs for the UDGAM Portal to help people looking for information on unclaimed bank deposits lying with the banks for 10 years or more.

The National Pension System allows anyone aged 18-70 to open an NPS account and withdraw their investments before or after superannuation and in case of death or disability.

Using home electronic health kits to monitor your health can lead to improved outcomes, such early diagnosis or increased awareness of your physical health while being more affordable.

The Madhu Babu Pension Scheme provides monthly pensions to senior citizens, differently-abled, and people with AIDs and leprosy in Odisha.

NPS investors have many investment options depending on their risk profile and income. So, choose wisely to make the most from your investments.

With a Systematic Withdrawal Plan (SWP),the investor can choose the amount and time of withdrawal—monthly, quarterly or yearly, providing flexibility and ease.

In the week ending March 2, 2024, Bank of Maharashtra, Kotak Mahindra Bank, and two other banks have revised their fixed deposit (FD) interest rates. Know the details.

The National Pension Scheme (NPS) has made several changes to make the new pension system more flexible and accessible to the public.

Estate planning is a comprehensive plan for distributing assets and liabilities during an individual’s lifetime or after death for the financial security of oneself and the family.

Senior citizens should carefully plan their investments for cash flows after retirement, as mistakes could be irrevocable. Here are a few options to consider.

The National Pension System (NPS) gave a minimum of about 27 per cent annual returns in the Tier-1equity category. Learn how to contribute money to NPS.

Sanchaya tax is a property tax levied in Kerala; one can pay the tax online before the extended deadline expires on March 31, 2024.

The UP social welfare department will set up an integrated command centre to streamline cases and increase the efficiency of resolving pension-related issues.

Retirement advisors give advisory services for pension schemes like the National Pension System (NPS) and are regulated by the Pension Fund Regulatory and Development Authority (PFRDA).

The power of attorney wields significant powers on the principal’s behalf. However, their decisions can be revoked, challenged or restricted via legal processes.

The Employees’ Provident Fund Organisation’s (EPFO) website malfunction has left many users stranded as they couldn’t access the Aadhaar authentication-related services.

PM SVANidhi scheme provides subsidised loans to street vendors to help them climb the economic ladder and become financially self-sufficient.

The Reserve Bank of India (RBI)has launched its week-long financial awareness campaign from February 26 to Match 1, 2024. Here’s what senior citizenscan do to stay financially informed.

Form 15G or 15H are self-declaration forms investors can submit to financial institutions where they have made investments to seek no tax deduction at source.

Indians are aware of insurance products, with 3 out of 4 urban families own one and around 25 per cent of urban Indians do not have life insurance and prioritise children's education and marriage.

The Employees’ Provident Fund (EPF) is one of India’s biggest social security schemes at around 27.7 crore members. Here’s what you can do to avoid claim rejection.

The Telangana government offers the Aasara pension scheme to senior citizens belonging to the economically weaker sections of society for financial security in old age.

When your parents hang their boots at retirement, the D-Day of their lives, you may want to gift them and make the day special as they begin a new inning of life.

South Indian Bank has revised its fixed deposit (FD) rates this week, offering senior citizens up to 7.90 per cent.

The Employees’ Provident Fund Organisation (EPFO) offers social security benefits to employees through the Employee Provident Fund (EPF) scheme after retirement.

The integrated programme for senior citizens (IPSRC) is a social security scheme providing the old needy people food, shelter, healthcare, and entertainment. 

PFRDA has introduced a 2-factor authentication to make the National Pension System (NPS) more secure digitally. Learn what it is and how it’s implemented.

Four out of five women in India die due to poor medical care and negligence, according to the Centers for Disease Control and Prevention (CDC) data in 2014.

The Employees’ Provident Fund Organisation (EPFO) added 15.62 lakh net members in December 2023, up 4.62 per cent from the total subscribers in the same month a year ago.

Post office savings schemes are safe investment tools, given their government backing. Learn which ones provide the highest interest rates and most tax benefits.

Senior citizens often prefer investing in bank fixed deposits when it comes to guaranteed income instruments. Bonds also offer guaranteed returns but are less popular. Learn more.

Employees’ Provident Fund (EPF) allows premature withdrawals, subject to certain conditions. Learn about the conditions and the documents you will require to submit.

Pradhan Mantri Shram Yogi Maandhan Yojana (PM-SYM) is a voluntary pension scheme for the unorganised sector workers. Learn more.

EPFO issues a unique 12-digit Universal Account Number (UAN) to all its members to access its services throughout their service period.

ICICI, Axis, IDBI, and RBL bankshave revised their fixed deposit rates this week, offering senior citizensa maximum of 8.60 per cent.

Know-your-customer (KYC) details are vital for receiving updates from the Employees’ Provident Fund Organisation (EPFO) and availing of EPF benefits.

The government-backed Mahila Samman Savings Certificate is a social security scheme to promote women’s financial independence and empowerment.

Annuity Service Providers offer different annuity plans to suit individual needs, but subscribers must first understand their functions and identify their requirements.

Employees’ State Insurance Corporation’s new subscribers rose 18.2 per cent month-on-month to 18.86 lakh in December 2023,showing a steady month-on-month growth of ESIC members.

Bima Sugam is an integrated online platform for all insurance-related services and information, offering convenience to all users, including senior citizens and service providers.

Investors will receive their SGB subscriptions on February 21, seven days after the closing date.

Sukanya Samriddhi Yojana and Mahila Samman Savings Certificate are two government-supported schemes for women’s financial empowerment.

The scheme’s primary objective is to empower the skilled crafts persons of the economically weaker sections of society by providing them a platform to exhibit and market their products.

A family floater policy covering all members, including your old parents, might be easy to manage, but is it the right option, or should you buy a separate plan for them?

Rising identity theft and fraud have increased the risk for senior citizens already grappling with various age- and technological-related awareness issues.

As per the release, the company provides affordable premiums for eyewear priced from Rs 500 to Rs 50,000. For example, for an eyewear costing Rs 10,000, the premium is Rs 100.

Sovereign Gold Bond 2023-24 Series IV opened for subscription today at Rs 6,263 per gram. Know the details.

IOB, HDFC, AXIS, Bank of Maharashtra, and two other banks have revised their fixed deposit rates in the week ending February 10, 2024. Know the details

The Hindu Succession Act classifies heirs into two classes: Class 1 and Class 2, which are immediate and distant heirs, respectively. Without a will, each heir gets a share of the property.

E-labharti is an integrated pension information portal that allows the residents of Bihar to learn about different pension schemes and their benefits.

The Pension Fund Regulatory and Development Authority (PFRDA) has consolidated its three previous circulars related to online registration of Atal Pension Yojana. Learn more.

ICICI Prudential Life Insurance has launched the ICICI Pru Gold Pension Savings scheme, a pension product offering up to 60 per cent tax-free lump sum withdrawal on maturity.

RBI plans to enhance the CBDS’s programmability and offline functionality to ensure financial inclusion of people in rural and remote parts of the country.

The primary objective of the Samajik Suraksha Pension Yojana (SSPY) is to provide financial aid to senior citizens from BPL households.

Maharashtra Real Estate Regularity Authority (MahaRERA) has solicited feedback from the public on its new draft guidelines to curb misleading ads used in the sale of retirement homes.

You can open a NPS Tier II account with a minimum contribution of Rs 1,000;there is no cap on maximum contribution.

The monthly pension for impoverished women in Uttar Pradesh has been hiked to Rs 1,000 in the 2024-25 budget, twice the amount they currently receive.

Senior citizens in the below the poverty line (BPL) category can check their social security details, such as pension on the Samagra portal in Madhya Pradesh

Know your customer documentation is essential for opening bank accounts and to prove one’s identification and address details. Failing to keep it updated may give way to misuse of accounts and possible fraud

Systematic investment plans are one of the most preferred ways for investors to invest in mutual funds and build a strong corpus for their retirement. Here are the different types of SIPs you can choose from

As digital transactions grow, online fraud cases have also seen an upsurge, with 14,483 incidents recorded in 2023-24, according to the Reserve Bank of India data.

Six banks revised their fixed deposit rates in the week ending February 3, 2024. Learn more

The scheme allows the economically weaker sections of the society living in rented houses, slums, chawls, unauthorised colonies, etc., to own their own dream home

Chandok emphasises regular portfolio evaluation to ensure the investments align with goals and whether they need further adjustments to keep up with the market trends.

Union Finance Minister Nirmala Sitharaman sought a huge boost for the country’s spiritual tourism economywith a higher outlay in the budget.

A provision of Rs 75,000 crore is proposed as a 50-year interest-free loan this year to support the milestone-linked reforms by the state governments, Sitharaman said.

The budget will foster inclusive growth, providing opportunities for women, the middle class, youth, senior citizens and the underprivileged through various schemes, Sitharaman sai

The decision to write off disputed tax demands up to Rs 25,000 is expected to benefit many senior citizens impacted by the unresolved tax issues raised by the Income-tax Department.

Finance Minister Nirmala Sitharaman, in the interim budget 2024, proposed to withdraw outstanding tax demands of up to Rs 25,000 for the ease of taxpayers.

The trinity of demography, democracy and diversity, backed by ‘Sabka Prayas’, has the potential to fulfill aspirations of every Indian, says Sitharaman.

The reach of these three government social security schemes expanded significantly over the past year as more people joined these programmes.

The Haryana government increased the pension amount for ‘divyangs’ to Rs 2,750 on April 1, 2023, from Rs 2,500 a year ago, in line with the annual spike in inflation.

Women employees in the central government are allowed to nominate their children for family pensions aimed at providing equal rights to both genders. Learn more.

The central government has launched several social security schemes for the economically weaker section of the society to financially empower them during emergencies and old age.

Regardless of age and financial background, an emergency fund is vital to deal with an unexpected crisis. Learn more

Post office interest rates are revised by the government from time to time to allow small investors to meet their financial requirements and achieve goals.

The National Pension System (NPS) is a retirement planning tool open for non-resident Indians (NRIs) as well.

Many factors can make real estate investments an asset or a liability. Learn more

Hindu Succession Act of 1956 defines the succession rights for Class I and Class II heirs and agnate and co-agnate. Learn more

Max Life Insurance launched a new guaranteed pension plan for retirement planning with the option for policyholders to customise the product according to their needs.

Fifteen banks have so far revised their fixed deposit interest rates in January 2024. AU Small Finance Bank revised the rates this week, offering senior citizens up to 8.50 per cent interest.

India’s traditional healthcare system is all focused on episodic emergency care rather than holistic wellness, says Mehta.

Some people get trapped into thinking that there is a minimum pension amount that they need to work for, which is not correct, says Krishnan.

The General Insurance Council has launched a “Cashless Everywhere” facility, allowing policyholders to access hospitals outside the insurance company’s network of hospitals.

As individuals approach the last milestone in their professional lives, the choices made during this crucial period can significantly impact their financial well-being.

Investors should focus on fulfilling their goals instead of merely chasing returns, considering the potential growth of expenses and the impact of inflation, says expert

Eighty per cent of individuals find relief in downsizing due to the challenges of managing larger homes, but there’s still a segment for whom it’s a heartbreaking decision.

Before selling an ancestral property, you must consider the following factors.

Non-resident Keralites living abroad can apply for the Pravasi Pension Scheme. Learn more

A POA ensures your family members are protected from unnecessary disputes over your wishes regarding finances, medical treatment, etc., after you are incapacitated or have died, and avoid lawsuits.

Tax exemptions on pension and annuity products and term life insurance plans incentivise taxpayers to save for retirement, so enhancing the tax benefits will encourage more people to do so, says an expert.

Certain professions, like doctors, chartered accountants, and lawyers, do not have a retirement age, so they should consult with their families to make the right choice before calling it quits.

Seniors can avail of up to 8.25 per cent on FDs; here are the revised rates of five banks.

You can ensure smooth transition of ownership and responsibilities and prevent disputes in the family by making a succession plan for your business.

The Unique Identification Authority of India (UIDAI) has amended the Aadhaar enrolment and updation rules.

Take responsibility for your current and future financial situation by honing your skills and adopting healthy money habits to improve financially.

The government has introduced key changes to the Senior Citizens Saving Scheme (SCSS), from redefined benefits and subscription timeframe to scheme extension. Learn more.

The Pension Fund Regulatory and Development Authority (PFRDA) has notified rules for partial withdrawals from the National Pension System (NPS), effective February 1.

Employees’ Provident Fund (EPF) is a social security scheme to empower individuals financially post-retirement. Here’s what you can do if the employer stops EPF contributions.

Debt mutual funds play a crucial role in balancing risks and returns; as such, their presence in the portfolio is vital for a sound retirement savings strategy. Learn more.

Do You Still Have Rs 2,000 Notes In Your Possession? Learn How To Exchange It

If you do not have children or they stay away and without a close social network, and dreadful to spend days alone post-retirement, you may consider living in a retirement community.

Public Provident Fund (PPF) is a long-term investment scheme designed for small investors with a range of benefits, from guaranteed returns to tax exemptions.

In the fiscal 2023-24 budget, the government announced a new leave encashment limit of up to Rs 25 lakh for income tax exemption.

The government honours senior or retired central government employees for sharing their rich work experiences on the Anubhav platform through write-ups of selected entries annually.

Family, better weather, social life – the choices could be many. Here are three reasons why you might want to consider relocating to a new place after your retirement

Retirement planning is crucial, yet people often ignore it for various reasons, only realising its importance as they approach their retirement years

This week, five banks, including Punjab National Bank, Central Bank of India, and Bank of Maharashtra have revised their FD rates

The Employees’ State Insurance scheme is a social security scheme that provides coverage to employees for medical needs, disability, and death benefit, among others.

If you have an existing insurance policy, you could consider adding riders to your existing policy once you retire rather than buy a new insurance policy depending on your individual circumstances. Here are three of those riders covering critical illness, accident coverage and OPD care

UTI Retirement Solution Pension Fund has outperformed its benchmark in the one- and two-year categories in the National Pension System. Its highest holdings include the banking, energy, and technology sectors

There are many people who relocate after their retirement for a fresh start to their new innings in life. Here are three things to keep in mind if you are thinking of selling your house

Retirement planning is a long-term goal and has to be tailor-made for each individual in accordance with his/her financial goals. Here are seven important things, such as contribution to VPF, PPF, buying health and life insurance early on to factoring in inflation, among others that you should consider while planning for your retirement

Saving money to fulfil your requirements and a financially secure retirement is fine, but few habits may create discomfort and void, rather than actually save you money. Here are four such reasons why these money-saving habits aren’t worth the effort when it comes to your retirement planning

Residents of Madhya Pradesh can benefit from various social security and welfare programmes run by the state government by checking their eligibility on the ‘Samagra Portal’, launched by the state government in 2010

The Employees’ Provident Fund Organisation has settled 43,687,970 claims during in last one year. If you have any grievance related to Employees’ Provident Fund, you can lodge an online complaint on the EPF Grievance Portal

Hobbies are a good way to keep yourself active and occupied, while also keeping you away from overthinking and boredom in the wake of the sudden change in lifestyle after you have officially retired from work. Here are some activities that can help you stay mentally and physically active in your retired life

A voluntary retirement scheme is offered by many companies to give employees the freedom to take voluntary retirement before they reach the actual age of retirement. Learn more about its eligibility and compensation.

The Pension Fund Regulatory and Development Authority, which regulates the National Pension System, has issued its response to stakeholders’ comments requested in November 2023, on the grievance redressal mechanism. Read on to know more about it

The State Bank of India’s Pension Seva portal is designed to cater to the pension-related requirements and information of pensioners

SBI Life Saral Pension is one of the popular pension plans and offers regular income to subscribers along with death benefit to the nominees. Here are other details regarding its eligibility and benefits

The 37-year-old Australian cricketer, who had already announced his retirement from ODIs, bid farewell to Test cricket after playing his final match at the SCG on January 6, 2024.

Retirement after a long career is difficult when you suddenly have all the time at hand with little work to do Here's how a second stint at work after retirement can keep you happy, and mentally and financially fit

The ABHA card provides a system to keep health records accessible anytime, anywhere, for anyone

In the first week of 2024, seven banks revised their fixed deposit rates. Here’s how much senior citizens can get on their fixed deposits

The National Pension System underwent significant changes in 2023, ranging from selecting multiple fund managers, systematic lump sum withdrawal, to checking NPS fund in consolidated account statement. Here’s how you can check and download your NPS statement

Retirement can be a difficult situation to deal with in its early phase when you suddenly find yourself with ample time and little work to do. But forced retirement can be rather difficult, as you are not prepared for it, and technically, still have a few years of active work life left. Here’s how to mentally adjust yourself in the event of a forced retirement by keeping yourself properly engaged

The EPFO has extended the deadline for employers to upload the wages of employees who have applied for higher pensions

The Jan Soochna Portal by the Rajasthan government provides all information about different government schemes for the residents of the state at one place

Both PPF and NPS offer good options for the self-employed to build a retirement corpus. But the choice of the right investment instrument would depend on a lot of factors, such as the time duration that you can give to your fund to grow, and the ability to make partial withdrawals, among others

DoPPW has issued a notification on January 1, 2024, about family pensions, allowing women government employees to nominate their children instead of their husbands for family pension. Read on to know more

If you are a senior citizen and planning to invest a lump sum in some secure government-backed scheme which provides decent returns while keeping your corpus safe, the government-backed Senior Citizens’ Savings Scheme should be among your preferred choice of investment

People usually make new year resolutions at the start of the new year, but often fail to continue with them. But for any resolution to reach its goal, it requires perseverance and discipline. This new year, here are three financial resolutions you can start with for your retirement goal

The self-employed need to properly plan for their retirement, as they usually do not have the cushion of a regular income and an Employees’ Provident Fund. Here are five steps they need to take to prepare for their retirement

The government has issued 93.80 million Ayushman Cards in 2023 and a total of 284.50 million cards since the launch of PM-JAY in 2018

The finance ministry has increased the interest ratesfor post office fixed deposits and the Sukanya Samriddhi scheme, while four banks have revised their FD rates this week. Learn more

The Rajasthan government provides pensions to senior citizens, widows, and disabled people under the Rajasthan Social Security Pension (RAJSSP) scheme.

The Employees’ Provident Fund Organisation (EPFO) has issued a standard operating procedure (SOP) for freezing and de-freezing of EPF accounts for verification. Learn more.

Choose a travel insurance plan covering all kinds of emergencies you may face abroad, including theft, health complications, and even death.

Gold investments offer liquidity, value appreciation, diversification, and hedging ability, providing a perfect tool for retirement planning.

A comprehensive health insurance policy can protect you against all medical emergencies, ensuring peace of mind and financial freedom.

Portfolio rebalancing protects you from the underlying risks of over-exposure to a particular asset class.

The Union government introduced several changes in tax rules in the Budget 2023. Here are some.

The Haryana government provides a monthly old-age pension of Rs. 2,500 as a social security initiative for senior citizens from the economically weaker sections of the society.

The center provides various welfare schemes for senior citizens through its ministries and departments and in collaboration with the state and union territory administrations. Learn more.

Tamil Nadu Chief Minister's Comprehensive Health Insurance Scheme allows the economically weaker sections to avail of medical care in private and public hospitals at affordable costs.

Cancer, endocrine and metabolic illnesses, kidney failure, and heart attacks remain key health risks worldwide and are the top causes of high medical claims costs.

Bima Vistaar is a vital part of IRDAI’s “Insurance Trinity” initiative that also comprises Bima Sugam, an integrated online platform, Bima Vahak, a women-centric distribution channel.

Your old parents may not ask you for help, but you can find out their needs and support them financially.

Many senior citizens in India choose a retirement home over the traditional family homes after superannuation because of the convenience they offer. Learn More

Ahead of Christmas, these three banks have revised their fixed deposit rates, offering customers from over 7 per cent to up to 9.10 per cent on specific tenures.

The Uttar Pradesh government provides three types of pensions to people belonging to Below the Poverty Line (BPL) category. Learn more.

The SGB 2023-24 Series III bonds opened for subscription on December 18 and will close today.

State governments rain goodies on senior citizens ahead of Lok Sabha polls next year.

Bandhan Bank’s ‘INSPIRE’ programme has the versatility of a Swiss army knife, providing diverse services to customers. Learn more.

Senior Citizen Savings Scheme (SCSS) is a guaranteed income tool for people aged 60 and older.

Senior citizens can opt for government-backed health insurance plans if they cannot afford products provided by private insurance companies.

Pension plans allow subscribers to make small monthly contributions towards a retirement fund and earn monthly pensions post-retirement.

Vidhwa Pension Yojana or Indira Gandhi National Widow Pension Scheme is designed for widows belonging to the Below Poverty Line (BPL) category.

Senior and super senior citizens get higher tax relief than ordinary taxpayers; learn more about the tax slabs and benefits.

The Employees’ Provident Fund Organisation (EPFO) has revised the frequently asked questions (FAQs)regarding higher pensions this month. Learn more.

While steady cash flow is vital after retirement, correctly estimating the monthly expenses in the retirement phase is also critical.

The draft guidelines are to ensure CRAs render high service standards, exercise due diligence, provide proper care in their operations and protect the interests of subscribers.

A senior citizen card is a government-issued ID card for people aged 60 and older in India and is used to avail of various financial benefits offered by the state.

Retirement communities provide a range of facilities and services for older people based on their preferences, from independent apartments and assisted living house to nursing homes.

The Reserve Bank of India (RBI) has set a December 31 deadline for banks to collect the revised locker agreements from customers.

These three banks have revised their interest rates, offering up to 8.60 per cent to seniors after RBI kept the repo rate unchanged for the fifth consecutive time last week.

The last date for nominations to mutual fund accountsis on December 31, 2023, failing which will result in the freezing of your MF folios.

Retirement funds are solution-oriented mutual fund schemes with a five-year lock-in.

Bandhan Bank has obtained RBI approval to disburse pensions to retired railway employees.

The National Pension System (NPS) has recently introduced a QR code-based payment option via UPI for the ease of subscribers.

Atal Pension Yojana (APY) has enrolled 79 lakh members in FY 2023-24, bringing the total subscribers to over 6 crore. Learn more about the APY scheme.

You can do many things to keep yourself busy and treat retirement not as a punishment but to enjoy and discover things you may have missed during your working years.

Universal Health Coverage Day draws attention to rising medical costs and the importance of insurance coverage. Getting a health policy is crucial to retirement planning.

However, one must weigh whether the benefits offered by the new lender can compensate for the prepayment charges of the existing loan.

Old-age and retirement homes provide various facilities for older people to spend their golden years.

This year marks the maturity of the first Sovereign Gold Bonds (SGBs)issued in 2015.

Understanding the various features of each specialised insurance retirement plan is vital.

Senior citizens can take up various vocations to stay active or earn a few extra bucks part-time. It will help them kill boredom and provide satisfaction.

Index funds can be a stepping stone into the stock market for newcomers, as directly foraying into stocks could be fraught with risks.

Financial planning is critical for mitigating any future insecurity; hence, your plan must be robust to meet both short- and long-term financial objectives.

As per EPFO’s updated guidelines in February 2023, employees who retired before September 1, 2014, and those who continued after that date are eligible to apply for higher pensions.

Ensuring regular income post-superannuation is one of the key objectives of any retirement plan. Here are a few ways to guarantee a steady cash flow in old age.

An individual’s immovable or movable assets like a house, a car, cash, jewellery, shares, insurance policies, outstanding debts, etc., can be part of estate planning.

NPS allows you to save for retirement, but how much the investment and the retirement corpus should be remains a question. NPP may have that answer, too.

Border Security Force (BSF) saw the highest number of voluntary retirements from service in 2023, followed by the Central Reserve Police Force (CRPF); Health, social commitments among key reasons.

Senior citizens can revoke their gifts to children if they don’t receive proper care.

Senior Citizens’ Savings Scheme (SCSS) is one of the popular investment tools for regular income post-retirement given its superior returns and investment safety. Learn more about its historical rates.

Employees can withdraw funds from the employees’ provident fund (EPF) while leaving the organisation under certain conditions. Follow these points to avoid claim rejection.

Both liquid and long-duration instruments like annuity, public provident fund (PPF), National Pension System (NPS), etc., are necessary to make the portfolio effective for all situations

The National Pension System (NPS) is designed to provide financial security after retirement, so remember to contribute to the account every year without fail.

The scheme is available to all employees of companies covered under the Employees’ Provident Funds and Miscellaneous Provisions Act 1952 (EPF Act).

The popular 4 per cent rule in personal finance helps retirees monitor their spending, but is this rule enough to balance savings and expenditures?

Many government employees’ associations have been demanding the restoration of the old pension system, claiming the new pension system is against their interest.

Starting early in building a retirement fund is critical as you will get more time to create it and harvest the potential compounding benefits your investments will generate in the long term. 

Individuals aged 60 and older and eligible retirees above 55 but less than 60 can open the Senior Citizen Savings Scheme (SCSS) account.

The Reserve Bank of India (RBI) guidelines require banks to provide doorstep banking services to senior citizens.

These bonds can be purchased through the designated scheduled commercial bank branches, post offices, and the RBI’s Retail Direct website.

Atal Vayo Abhyuday Yojana (AVYAY) is a central government-sponsored initiative to empower senior citizens by addressing their financial, healthcare, and social needs.

Four banks have revised their interest rates on fixed deposits (FDs) this week, offering senior citizens a maximum of 8.25 per cent returns

The Aditya Birla Health Insurance Co. Ltd (ABHICL) has launched the ‘Activ One’ health insurance for 18 years and above, with no upper age limit on entry.

Central government employees receive various retirement benefits for financial security, from monthly pensions to healthcare. Learn more

Fixed deposits are evergreen investing tools for most Indians; however, there are alternatives for the 'exploring kind'.

Now, NPS investors have more flexibility in choosing fund managers. Know about the top equity fund managers of the National Pension System (NPS)

LIC’s ‘Jeevan Utsav’ scheme is a guaranteed income plan for life, and anyone aged 90 days to 65 years is eligible for the policy.

The government also offers service, family, and liberalised family pensions, besides the monthly disability assistance for the welfare of retired armed personnel.

There is no maximum contribution limit in NPS Tier 1 and Tier 2 accounts; however, contributions to Tier 1 accounts get up to Rs 2 lakh deductions under the Income Tax Act.

Investors can choose them based on their investing horizon, needs and risk-taking ability.

The Pension Fund Regulatory and Development Authority (PFRDA) has appointed PoPs to help people in the NPS registration process and receive NPS contributions from them.

A donor makes a deed of gift to a donee under certain conditions, but any violation of the agreement could lead to its withdrawal or cancellation.

As of September 2022, there were around 32 lakh defence pensioners in the country, of which over half were expected to be brought under the SPARSH system in the same year.

While choosing these instruments, seniors should match their lock-in needs, liquidity, return expectation and risk appetite in sync with their financial goals.

PFRDA has advised the intermediaries adopting cloud services to comply with its guidelines.

All pensioners must submit their life certificates by November 30 every year to continue receiving pensions

Term insurance offers life coverage for a defined period and is the simplest form of life insurance

Four banks have revised their interest rates for fixed deposits (FDs) in the week ending November 25, 2023. Senior citizens can avail of up to 8.60 per cent. Learn more

Retirement is the next big phase of your life; as such, you will need to plan carefully to ensure regular cash flow and a corpus that can outlast you

Unlike land, a house or a building, which can’t be sold at short notice, real estate mutual funds are highly liquid, as you can redeem your investment in a day

Executing a retirement plan requires consistent action and a positive financial behaviour

Interested employees can apply for VRS only after completing a certain number of years at work

The National Pension System (NPS) is a social security scheme for people aged 18-70

The number of women working towards retirement planning dropped by 11 per cent to 57 per cent in 2023 compared to 2022, at 68 per cent

Senior Citizens Savings Scheme (SCSS) provides guaranteed returns to individuals aged 60 and above. The scheme currently offers 8.2 per cent interest.

IDFC First Bank Executive Director and COO Madhivanan Balakrishnan highlights the impact of digital enhancement in customer services, financial literacy, and awareness about retirement planning

A loan against property (LAP) is a secured, collateral-based mortgage that senior citizens can use to meet their needs

India’s aging population will grow to around 19.5 per cent by 2050

When an individual dies without a Will, the succession laws apply to transfer the deceased person’s assets to the legal heirs.

Senior citizens looking for guaranteed returns from fixed deposits can explore these bank rates compiled by Paisabazaar.com.

Employees’ State Insurance Corporation (ESIC) added 18.88 lakh members under its ESI scheme in September 2023, a social security scheme for low-income employees

The Employees' Provident Fund Organisation (EPFO) determines the interest rate annually; for FY2022-23, the EPF rate is 8.15 per cent. Learn how to check EPF balance on a mobile phone

The candidates’ age must not exceed 65 and must be thorough with office procedures, rules, and regulations; their remuneration will be the last pay drawn minus pension

Public Provident Fund (PPF) is a voluntary long-term small savings scheme that provides attractive interest rates and tax benefits. Learn more

A senior citizen may face mobility issues when visiting a bank branch as age advances, so SBI offers doorstep banking services. Learn more about the benefits

The government has allowed the extension of the Senior Citizen Savings Scheme (SCSS) indefinitely and enabled people to invest in the scheme three months before retirement

A critical illness plan is vital in old age as it can help prevent a financial crisis by covering your important medical bills in case a serious disease happens to infect you

Most Indians do retirement planning themselves, but if they want professional help, they can approach insurance agents, banks, mutual fund distributors, etc., for financial advice.

A new rage for multi-occasion jewellery has opened many gifting options for every age and style.

Although there is anxiety over their financial well-being in old age, there is a growing awareness among Indians of the importance of retirement planning.

Dhanteras is considered an auspicious occasion to buy gold. However, you should check a few things before buying gold at a jewellery store.

Sixty-seven per cent of respondents in a survey said they have a retirement plan in place, and 63 per cent said they have a comprehensive plan.

The spouses can deposit a maximum of Rs. 15 lakh each, provided both are individually eligible to invest under relevant provisions of the SCSS rules.

One can apply for old age pension assistance by visiting the state government’s official websites.

HDFC Bank Senior Care fixed deposit scheme was launched on May 18, 2020.

The focus on retirement planning has gained momentum post the Covid-19 pandemic, seeing an 18 per cent increase in the number of people planning for retirement, a PGIM survey revealed.

Punjab National Bank, Karnataka Bank, and Jana Small Finance Bank are among seven banks which have revised their fixed deposit rates in the week ending November 4, 2023. Learn More

Although jewellery, coins, and gold bars are the oldest methods to invest in gold, the contemporary world offers many avenues for gold investing, such as ETF, digital gold, etc.

The new pension plan may replicate the Andhra Pradesh model, where the employees get guaranteed 40-50 per cent of their last drawn basic salary as a pension.

The senior citizen certificate provides a host of benefits to senior citizens. Here’s how to apply for one

While it may not suit everyone, it definitely provides a roadmap for those who dream of retiring early and pursuing their passions without financial constraints.

Terrace gardening is an excellent way for senior citizens to enjoy nature and create a tranquil space at home at a minimal cost. Here’s how to get started with your new green hobby

The Finance Ministry had declared a 4 per cent hike in dearness relief (DR) from 42 per cent to 46 per cent for the central government pensioners, effective July 1, 2023.

Penny drop is an account verification method that involves depositing a small amount in a subscriber’s bank account for authentication before crediting funds to the beneficiary.

Kotak Mahindra Bank and Shivalik Small Finance Bank revised their fixed deposit rates in the week ending October 28, 2023. 

The government will evaluate the officer’s work, efficiency, abilities, and behavioural aspects, and based on that information, it will make a final decision.

Senior citizens might be more vulnerable to online fraud due to various factors, including age, trusting nature, less tech-savvy, or lack of prompt help from family members. 

The Reserve Bank of India (RBI) has increased the banks’ minimum limit for non-callable fixed deposits (FDs) from Rs 15 lakh to Rs 1 crore with immediate effect. 

With the rise in life expectancy, everyone must plan for retirement as soon as possible.

The Employees’ Provident Fund Organisation (EPFO) will hold key meetings of its executive committee and Central Board of Trustees on October 27 and October 31, 2023, respectively. 

To achieve financial success, you must confront your financial demons. Just as Dusshera embodies the resolve to defeat evil, you can conquer financial challenges with determination.

The Reserve Bank of India (RBI) says the responsibility to provide correct inputs, particularly the beneficiary account number information, rests with the remitter/originator. 

The Armed Forces Tribunal has refused to grant disability pension to a former sergeant of the Indian Air Force who was discharged from service following a released medical board which found him overweight by 47.61 per cent against his BMI weight of 63 kg

While the Reserve Bank of India has kept the repo rate unchanged, banks have revised their deposit rates since the last monetary policy meeting this month. For the week ending October 21, five banks have revised rates. Here’s how much they will offer on their FDs

Protesting ASHA workers in Haryana get big relief as the government announced a Rs 2 lakh retirement benefit and increased their monthly stipend.

The Central government revises the Dearness Allowance (DA) for its employees in January and July every year to mitigate the impact of inflation.

The Kerala High Court has ruled in favour of an 80-year-old woman who sought to be reunited with her dementia-afflicted husband, who was taken away against her wish by her son for care.

India has improved its overall score to 45.9 in the Mercer CFA Institute Global Pension Index, 2023. However, it has ranked 45th out of the 47 retirement systems surveyed globally

The Senior Citizens Savings Scheme has crossed Rs 1 lakh crore in collection in the first half of financial year 2023-24. The huge number suggests the support of the people for the scheme, which is currently offering a return of 8.2 per cent per annum

The government is reportedly considering amending the National Pension System by the end of the year to ensure that employees get at least 40-45 per cent of their last drawn salary as retirement payout

The Ministry of Science and Technology has sent notes to 14 government-run autonomous bodies seeking details of scientists nearing retirement.

Now, all retiring employees will be felicitated on their last working day where the bulk of their retirement dues will be handed over to them

Employees’ Deposit-Linked Insurance Scheme (EDLI) is a social security plan for employees enrolled under the Employees’ Provident Fund Organisation (EPFO). Learn more

Employees’ Provident Fund (EPF) is one of the popular long-term investment instruments to generate wealth for retirement. Here are some key features.

Senior citizens can earn up to 9.50 per cent interest rate on bank fixed deposits (FDs) after the rate revision this week. Learn more. 

Delaying your retirement could be an option if you do not have a solid financial plan for old age.

In the National Pension System (NPS), you can choose a Pension Fund Manager (PFM) from multiple options, each with its own approach to managing pension funds.

The labour force participation rate for individuals aged 15 and above in urban areas rose to 48.8 per cent in April-June 2023 from 47.5 per cent a year ago.

The Delhi government has launched the ‘Dharohar’ mobile app to offer convenience to pensioners under the social welfare department schemes of the state government

Although the Public Provident Fund (PPF) can be operated online, some people may want to transfer their accounts to the city or town where they presently live. Here’s what they can do.

UNFPA estimates India’s ageing population will reach 22.7 crore or 14.9 per cent of the total populace by 2036, underscoring the urgency to ensure access to social security benefits.

Ahead of RBI’s decision on repo rates on Friday, seven banks have revised their interest rates on fixed deposits (FD). Know more

RBI’s UDGAM portal allows customers to check their unclaimed deposits with banks; it has enrolled 30 banks from the initial seven during its launch in August 2023

SBI has launched its mobile handheld device to provide doorstep banking facility to its financial inclusive customers, including senior citizens, differently-abled and the infirm. It will provide five core banking services, including cash withdrawal and deposit, fund transfer, balance inquiry and mini statement generation

Tata AIG General Insurance Co. Ltd., on October 4, 2023, launched a health insurance policy for senior citizens, Tata AIG Elder Care. The policy is for people aged 61 years and above. 

The new rules reportedly expand the list of covered disabilities and diseases, modify the assessment procedure, and fix the percentage of disability.

Retirement is one of the most important but often-ignored goals. It’s high time you realise that and start planning. Outlook Money and IDFC First Bank will help you do so at their two-day expo in Mumbai

DCB Bank has revised the fixed deposit interest rates ahead of the government’s quarterly review of the rates for small saving schemes.

NPS is a social security scheme launched by the government in 2004, but its penetration is still very low. The study tried to find out the reasons behind NPS’ low penetration.

Retirement connotes a relaxed life with pursuing hobbies, travelling, and much more. But if there are not enough savings, these endeavours would remain unfulfilled. This is where a passive income can be a saviour

The fund’s five-year lock-in would encourage investors to remain invested for a long period and reap the compounding benefit.

Seniors will account for 19.5 per cent of India’s population, or around 194 million by 2050, providing immense opportunities for growth in senior specific services, while also posing challenges on account of living issues as a result of loneliness and rising instances of nuclear families

Super senior citizens can submit their life certificates from October 1, 2023. The government has issued guidelines for banks to follow. Learn more

The PFRDA recently announced introducing the NPS Tier II default scheme option for government employees. It is an effort to make investment in NPS Tier II easy without separately selecting the fund managers for managing their money.

Are issues like job stagnation, health problems, stress, and domestic reasons driving some people to opt for voluntary retirement?

Ahead of RBI's Monetary Policy Committee (MPC) meeting from October 4-6, 2023, these two private-sector banks have revised the interest rates on FDs. Check details

A reverse mortgage is a loan, typically obtained by cash-strapped older homeowners, based on the property’s current assumed market value, which they receive in instalments.

There are several benefits that central government employees receive after retirement; learn more. 

The Employees’ Provident Fund (EPF) is a social security scheme for salaried employees. However, they can withdraw from the corpus prematurely in certain circumstances.    

Eighty-five per cent of people have cited financial insecurities as the reason for their plans to continue working after retirement, an HSBS survey conducted in several countries revealed.

The Reserve Bank of India has advised states against reverting to the Old Pension Scheme, as it will impose a financial burden 4.5 times higher than that on the existing National Pension System

The Finance Ministry has barred the Employees’ Provident Fund Organisation (EPFO) from announcing interest rates without prior approval.

Retirement planning starts while one is still working. To make the process easy and gain more insights into your financial condition, ask these questions to your family to make the planning more holistic

Axis Bank and Kotak Mahindra Bank have revised the deposit rates in the week ending September 16, 2023. Seniors can avail of up to 7.75 per cent on fixed deposits with these banks

Olympic bronze medallist Saina Nehwal is suffering from knee injuries and other health problems, but has not yet planned to quit badminton

Whether you retire early or at the usual age of 60, but if you still want to keep yourself engaged and earn fruitfully, here are a few career options you might consider for your second work innings

When many people think of retiring in their 40s or 50s, film actor Kareena Kapoor plans to work until her 90s. Here are three things to learn from her retirement planning

Fresh enrolments in the NPS-Lite Swavalamban scheme, a social security initiative for the unorganized sector, stopped in 2015. Know the available options if you are a subscriber

The Bombay High Court has upheld a lower court’s decision to revoke two gift deeds executed by a woman after her son refused maintenance

Retirement planning is not only about saving money for old age but also about how to use it. So keep your expenses in check and cut down wherever possible

Private sector banks ICICI, Axis, and IDFC have revised their fixed deposit rates for bulk deposits this week. Read on to know details

Most seniors might prefer cash transactions over digital ones, possibly due to their unfamiliarity with new-age techs, so UPI ATMs could make their lives easier

A credit card company may refuse to close your account even if you owe it just 35 paise, as highlighted in a 2019 case in Bengaluru.

Senior citizens are risk-averse and, therefore, prefer investments that can provide guaranteed income options and returns. Here’s a list of small savings instruments they could choose from for getting guaranteed income in their retirement years

CSB Bank’s special savings bank account for senior citizens offers various benefits, such as locker rental, airport lounge services, RuPay debit cards, etc. Learn More

India’s financial stability is making NRIs want to return to the country, reveals a recent survey by SBNRI

As UPI transactions crossed 10 billion in August, here are some tips senior citizens can use if they mistakenly send money to the wrong person

Senior citizens looking for guaranteed returns can check out these small saving banks offering more than 9.0 per cent interest rates for fixed deposits

The Employees’ Provident Fund Organisation (EPFO) has amended the Standard Operating Procedure (SOP) related to updating members’ details in Employees Provident Fund (EPF) accounts

The Rajasthan government has approved a draft regulation, “Rajasthan Part-Time Contractual Hiring Rules-2023”, to provide retirement benefits to part-time workers in the administration

Senior citizens are prone to cyber fraud in the digital world because of their lack of knowledge of digital products. Here are a few ways to be aware and stay vigilant

With more women joining the workforce, independently making financial decisions, and becoming more financially aware than before, they are now increasingly saving for their retirement, too

The study reveals that women are at par with men in urban India in retirement preparedness while 9 in 10 urban Indians regret not starting saving early for retirement.

The Employees’ Provident Fund Organization (EPFO) has added 17.9 lakh members in June. Explore the EPF benefits and how they can secure the subscribers financial future

Uttar Pradesh police have launched the ‘Savera Yojana’ to assist senior citizens during emergencies, keep records and undertake regular checks

According to the 2011 census, the number of people aged 60 and above in India is expected to reach 178.59 million by 2031 and 300.96 million by 2051

The first year of retirement could be the most difficult phase as you adapt to a new routine with more spare time, but this could be fun if you handle it well

Rashtriya Vayoshri Yojana provides assisted living devices, such as spectacles, hearing aids, walking sticks, artificial dentures, etc., to eligible seniors for free if they cannot afford in their retirement years

The State Bank of India (SBI) has extended the deadline for its ‘Amrit Kalash’ fixed deposits (FDs) again, while Axis Bank’s rate revisions continue with another FD rate hike in a month

As online frauds increase with digitalisation in every sphere of life, it calls for higher levels of alertness among seniors more prone to such attacks

A Reserve Bank of India (RBI) survey has found that expectations of high inflation are the highest among senior seniors

Government employees have called for a mega rally at Delhi’s Ramlila Maidan to revive the old pension scheme (OPS). Learn how the National Pension System (NPS) is different from OPS

Manoj Tiwary changed his mind about retiring from all forms of cricket less than a week after he announced that decision. Here’s what you should do if you are in a dilemma over when to quit

The Suryodaya small finance bank revised its fixed deposit interest rates on certain durations for senior citizens to more than 9 per cent from August 7, 2023

A magistrate court in Mumbai has sentenced nine senior citizens to three years of imprisonment for committing bank fraud of Rs 13.5 crore

If you missed your ITR deadline on July 31, 2023, or the process failed due to incomplete paperwork or portal failure, you can still file a belated one and avoid legal action

The Reserve Bank of India kept a pause on the rate hike in the last two monetary policy meetings, but the banks have been changing their deposit rates from time to time. Here are a few of the rates still active till the end of August 2023

You may have faced situations where a bank employee approaches you to sell insurance products, but beware, that exchange may lead you to a trap, and you end up buying a policy you don’t need.

Amid growing cases of online fraud in India, your digital security is of paramount importance. Make sure you know the safeguards while doing digital transactions

The Pension Fund Regulatory and Development Authority (PFRDA) announced that subscribers could select their annuity service providers upon exit from the National Pension System (NPS)

Axis Bank has revised its fixed deposit rates effective July 26, 2023. The maximum rate of interest offered to senior citizens is 7.85 per cent

The National Pension System (NPS) trust has revamped its website, making it easy for subscribers to calculate their monthly pension amount with the calculator

Retirement planning is important for a peaceful life in the older years. Make sure you are not making these critical mistakes while planning for your retirement

It aims to reduce the application processing time and the number of PoPs, among other suggestions, to ensure an effective distribution channel for NPS and other schemes under the PFRDA Act, 2013.

One has to forgo various tax deductions if opting for the new tax regime, such as interest on a home loan under ‘Income from House Property’. However, there are still a few deductions that you can claim. Here’s a list of those deductions

Seniors can get up to a 7.90 per cent interest rate for a 444-day fixed deposit

The government has revised the pension for Reserve Bank of India employees after four years. The pension was last increased in 2019. The new pension is to be effective from June 2023

RBI launched Central Bank Digital Currency (CBDC) pilot in December 2022, and its retail user base have grown to more than a million. Read on to know more about what CBDC is, and how it works

The last date to apply for higher pension under the Employees’ Pension Scheme has reached the final deadline today, July 11, 2023

The HDFC Bank has extended the deadline to apply for Senior Citizen Care Fixed Deposit, which offers the highest interest rate at 7.75 per cent, by four months

The Employee's Provident Fund is a social security scheme for the organised sector employees.

HDFC Bank is offering 75 basis higher rate of interest to seniors on their fixed deposit. The deadline to apply for this FD is July 7, 2023

Financial security is crucial for seniors while considering investments, and fixed deposits offer the investment security that seniors look for

The HDFC and HDFC Bank merger has become effective from July 1, 2023. What could you expect after the merger? We tell you

Old age could pose a challenge in frequently visiting a bank for your needs, like submitting a life certificate, so the face authentication app can be handy

The Reserve Bank of India’s (RBI) financial literacy survey published in June shows that retired persons are the most financially literate, bagging the highest score of 13.5 out of 19

These small finance banks offer 9 per cent or higher interest rates on fixed deposits for senior citizens. Read on to learn more

While the deadline to apply for higher pensions for the employee provident fund members is today, June 26, 2023, the EPFO has also issued a new set of frequently asked questions (FAQs).

Seniors may have issues related to age, health, or loneliness. But they could refer to these six Bollywood movies to get a few lessons on money matters related to financial independence, insurance, Will and debt

For retirement planning, one may also take the help of financial advisors in matters like expenses or how to maintain a regular cash flow once there is no steady income

The State Bank of India (SBI) offers higher interest rates to senior citizens under its special fixed deposit schemes SBI WeCare and Amrit Kalash. Know details

NPS subscribers can now access their NPS statement on DigiLocker, a government-run safe storage facility with round-the-clock access

Cheque bounce is a serious offence, and here’s how to avoid it

Around 67 per cent of Gen Xers in the US do not have a retirement strategy. Nearly half of all the working Gen Xers plan to delay their retirement

RBI has yet again kept the repo rate unchanged at 6.50 per cent, stressing that despite softening in the inflation, it will likely remain above its target through FY23-24

The RBI committee evaluated the regulated banks and NBFCs’ customer services, best practices followed, and customer needs before offering specific suggestions to improve the public services

If you are looking for a loan against a property that you have built over a lifetime for your children or for other things in your retirement years, here are things you should keep in mind

Banks are required to transfer unclaimed deposits to the Depositor and Education Awareness Fund with the RBI along with interest on the last working day of every subsequent month from the expiry of 10 years of the deposit

Fixed deposit schemes have become one of the senior citizens’ most sought-after investment tools, thanks to small finance banks that are offering over 9 per cent interest rates

The Reserve Bank of India (RBI), on May 19, 2023, announced the withdrawal of Rs. 2,000 currency notes, but they will continue to be legal tender.

Anybody earning more than the exempted income tax is required to pay tax and file their income tax return. But, senior citizens, under certain conditions, may ask for an exemption from filing their tax returns

Pension Adalat is an initiative by the Department of Pension and Pensioners’ Welfare that was initiated in 2017 to resolve pension-related issues promptly and promote pensioners’ welfare.

Retirement homes are yet to see wide acceptance as a way of living in India, where older people typically prefer living with their children.

EPFO said any delay in public grievance redressal amounts to bringing disrepute to the organisation, which is at the heart of India’s social security system.

The Pension Fund Regulatory and Development Authority (PFRDA) has released the data for Atal Pension Yojana on completion of eight years of the scheme. The subscriber base now stands at over 52.54 million and the assets under management (AUM) over Rs. 28,434 crore

EPFO issues guidelines for transferring provident fund contributions into the employees' pension scheme (EPS). Members will have three months to confirm EPFO through written consent.

The Pension Fund Regulatory and Development Authority has appointed an ombudsman to resolve grievances raised by National Pension System subscribers, intermediaries, nodal offices and/or pension funds. The move is expected to enhance investor protection and build investor confidence in the pension sector.

To correctly estimate your retirement amount is undoubtedly the most important question that you will have to grapple with before you start planning for your retirement.

Employees’ Pension Scheme or EPS 95 refers to a social security scheme launched by the provident fund body in 1995

Retirement homes offer housing as well as solutions for age-related issues to senior citizens, although awareness of these homes is scant among the public.

Having a regular source of income in your retirement years is vital. Senior citizens’ savings scheme, post office monthly income scheme, and mutual fund systematic withdrawal plans are three such options that can fetch you regular income in your retired life. Here are the details

In order to make annuity payments faster after exiting the National Pension System, the Pension Fund Regulatory and Development Authority has mandated the uploading of specific documents for subscribers. Read on to find more

Labour minister Bhupendra Yadav has said that the process, for submission of joint options by the employee and employer, for higher pension, is simple.

HDFC Life Smart Pension Plus offers guaranteed regular income with various return and payment options for individual and joint policies

The non-linked, non-participating individual pension plan is available in 16, 18 and 20-year terms with options of regular and single premium

The Employees’ Provident Fund Organisation has extended the previous deadline of March 3, 2023 to submit applications for higher pension for employees who have retired before September 1, 2014, to May 3, 2023, in a recent circular

Many non-BJP-ruled states have already dumped the new pension scheme (NPS) and have demanded that the central government refund the accrued NPS corpus

Around 66 per cent of respondents are worried about inflation and critical illness impacting their retirement savings and, consequently, their lifestyle

If the legal heir claims proceeds as per Hindu law, the legal heir will have to submit a legal heirship/succession certificate from the court, which will determine the split in proceeds

The Centre has extended a one-time opportunity to select government employees to switch from the new pension scheme to the old pension scheme. But once opted, they cannot reverse to NPS again

NPS Prosperity Planner helps calculate your NPS contributions to meet your retirement financial goals after accounting for inflation. Individuals without NPS accounts can also use the tool for retirement planning

The Central Record-Keeping Agencies (CRAs) will offer multiple models of interface and new processes for the allied offices to ensure maximum operational flexibility for the benefit of subscribers.

The Centre is reportedly considering the option to offer a guaranteed pension of around 50 per cent of the last pay drawn to government employees under the National Pension System