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Introduction to the National Pension Scheme (NPS) in India Investing in Your Golden Years is the key to comfortable post-retirement life. The National Pension Scheme (NPS) of India is a pivotal investment avenue made to offer a secure and viable method for retirement planning for employees. It has gained increasing significance as a means of … Read more
The Department of Pension and Pensioners’ Welfare has introduced a new single pension application form, Form 6-A, for retiring central government civil employees. This initiative is designed to simplify the process of submitting nominations for pension arrears and pension commutation. Starting from November 16, 2024, retiring employees will be required to use Form 6-A to … Read more
KOCHI: High Court of Kerala state has dismissed an appeal filed by the KSRTC towards a Single Judge’s directive to remit the workers’ and employer’s contribution to the NPS and the contribution to State Life Insurance Coverage and Group Insurance coverage Accounts to the respective heads. The Single Judge discovered that there was no justification for not … Read more
“After being compulsorily retired in 1983, the petitioner was entitled to receive a payment of Rs 7,340, which was eventually received in 2021.” The Allahabad High Court has ordered the government to pay a senior citizen Rs.50,000. The payment was for a delayed payment of his General Provident Fund (GPF) amount. The petitioner, Naresh … Read more
Section 1: Understanding EPF and GPF Employee Provident Fund (EPF) and General Provident Fund (GPF) are two important savings schemes for Indian employees. EPF is a mandatory retirement savings scheme for employees working in the organized sector. It allows employees to contribute a portion of their salary towards their retirement fund, which is then matched … Read more
Section 1: Introduction to EPF, GPF, NPS, Pension, and Gratuity As an Indian employee, it’s crucial to understand the various financial benefits and schemes that are available to you. In this blog post, we will explore the different aspects of EPF, GPF, NPS, Pension, and Gratuity, and how they can help secure your financial future. … Read more
Introduction As an employee in India, it is important to have a clear understanding of various funds and schemes that are available to you, such as EPF (Employees Provident Fund) and GPF (General Provident Fund). These funds play a crucial role in securing your financial future and ensuring a comfortable retirement. In this blog post, … Read more
Introduction As an employee in India, it is essential to have a clear understanding of various funds and schemes that affect your financial future. In this blog post, we will explore the important aspects of EPF, GPF, NPS, Pension, and Gratuity, and provide you with valuable information to make informed decisions. EPF (Employees Provident Fund) … Read more
Section 1: Exploring EPF and GPF As an Indian employee, it is crucial to understand the various funds that contribute to your financial security. Two important funds are the Employees’ Provident Fund (EPF) and the General Provident Fund (GPF). The EPF is a retirement savings scheme that requires both the employee and the employer to … Read more
Section 1: Introduction to EPF, GPF, NPS, Pension, and Gratuity As an employee in India, it’s important to have a solid understanding of the various funds and schemes that are available to you. In this guide, we will explore the main ones: Employees Provident Fund (EPF), General Provident Fund (GPF), New Pension Scheme (NPS), Pension, … Read more