Category: Articles

The central government of India has launched the National Savings Certificate scheme which is a fixed income investment plan that targets the lower and middle class people of Indian society. The plan tenure is 5 years. One can invest in this scheme either as oneself, jointly or on behalf of a minor. As it has… Continue reading National Savings Certificate

In India, possessing both a Voter ID and an Aadhaar card is imperative for identification purposes. Connecting the Aadhaar number with an individual’s voter ID card proves to be a robust measure against the existence of counterfeit or duplicate voter ID cards under a single individual’s identity. To combat fraudulent and spurious voter ID cards,… Continue reading How To Link Aadhaar Card with Voter ID?

The National Pension System (NPS) is a pension investment scheme initiated by the Government of India to offer old age security to Indian citizens. Regulated by the Pension Fund Regulatory and Development Authority (PFRDA), this scheme aims to provide financial stability during retirement. As of August 2021, the government has mandated the linking of Aadhaar… Continue reading How To Link Aadhaar Card With NPS?

Fixed Deposits (FDs) and Recurring Deposits (RDs) stand out as widely favored investment avenues in India, particularly for those seeking low-risk options. Investing in an FD or RD offers a significant advantage in the form of assured returns over a predetermined period, devoid of any associated risks. Compared to equity investments, Bank Fixed Deposits and… Continue reading FD Vs. RD: Which is Better?

Introduced in 1951, the EPF scheme provides services to over fifty million people. The Employees’ Provident Scheme Act of 1952, the Employees’ Direct Linked Insurance Scheme Act of 1976, and the Employees’ Pension Scheme Act of 1995 control this social program. When made collectively over an extended length of time, the contributions accumulate and, at… Continue reading EPF Essentials: Navigating Employee Provident Fund Benefits

For individuals holding a bank account in India, it is crucial to link their accounts with their Aadhaar card, serving multiple purposes from facilitating efficient financial transactions to ensuring targeted delivery of government subsidies. It not only streamlines financial processes but also enhances security and transparency.  In this article, we will walk you through the… Continue reading How To Link Aadhaar With Your Bank Account?

Linking an employee’s Aadhaar card to their Employee Provident Fund (EPF) account is now required for all employees. To ensure that their EPF accounts operate properly, users must abide by the Aadhaar linkage criteria. The Employee Provident Fund (PF) scheme is designed to provide retirement benefits to employees. It involves joint contributions by both employers… Continue reading How to Link Aadhaar with EPF Account?

PM Cares for Children Scheme, 2021 is an initiative of the Central Government to take care and support those children who have lost both parents, legal guardians, adoptive parents, or single adoptive parents in the wave of the pandemic Covid-19. The scheme was launched on 29th May 2021. According to the report, the number of… Continue reading PM CARES for Children Scheme, 2021

The rural demographic, particularly those with lower income levels, faces heightened susceptibility to financial devastation in the event of the primary wage earner’s demise. Due to this, ensuring the inclusion of this population under the protective umbrella of life insurance is of paramount importance.  Though there are several life insurance providers in India, ‘Rural Postal… Continue reading Rural Postal Life Insurance

Mahila Samman Certificate is a scheme that was announced by the finance minister of India, Nirmala Sitaraman in her budget speech 2023-24. This scheme is specifically designed for girls and women who want to make small savings and build a lump sum amount of money. The scheme was made available from 1st April 2023. It… Continue reading Mahila Samman Savings Certificate