Retirement News, latest news on retirement, Retirement Plans and Planning Savings Plans India
Retirement
Govt to link savings deposit terms to market rates

Cutting the small savings rate could save the government an estimated $700 million a year. But the move is likely to irk small savers and could be unpopular politically, particularly in rural areas where few banks have branches.

 
 
The income projections for the current fiscal suggest that the body can pay rate of interest which is slightly higher than 8.75 provided in 2013-14 and 2014-15.

PFRDA said it was committed to support the 'Digital India' drive and efforts were being made to make various NPS related services available on online platform.

Under the proposed scheme, there will be tripartite agreement with member, bank/housing agency and EPFO for pledging future PF contributions as EMI payment.
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