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PPF is a savings scheme is fully guaranteed by the Central Government of India. Eligibility Residents of India are eligible. NRIs are not eligible Contributions Max Contributions of Rs. 1.5 lakhs a year. Minimum deposit is Rs. 500. How to [...]
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Atal Pension Yojana APY - Who - targeted towards people in unorganized sector and lower income group. Contribution - The government contributes a sum of Rs.1,000 to each eligible NPS subscriber who contributes a minimum of Rs.1,000 and maximum Rs.[...]
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Worlds largest Social Security Organization in terms of clientele and the volume of financial transactions. As per Annual Report 2016-17 it maintains about 19.34 crore or 190 million accounts with over $150billion under management.[...]
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Several tax and related incentives were announced for people aged 60 and above in 2018 budget. Notable among those are: Savings and Taxesfive-fold increase in the exemption limit on interest income from savings, fixed and recurring deposits[...]
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Income Tax Deposits interest rate of 8% for a fixed deposit for a 10 year period Aadhaar-based smart cards Senior citizens will soon get Aadhaar-based smart cards that will have their health and other information. The government will fi[...]
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