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Tips to invest your voluntary retirement scheme money

Studies have shown that as many as 70% people who get a windfall lose it within a few years. It is, therefore, important to create a regular income stream.

 
 
The body has a corpus of over Rs 6.5 lakh crore and it is expected to get an incremental deposit of Rs 80,000 crore during this fiscal.
Wide-ranging changes are in the offing in the National Pension System, says Pension Fund Regulatory and Development Authority (PFRDA) Chairman Hemant G Contractor.
The pensioners have said that the proposed move was unjust and against the promises made to the crores of pensioners across the country.
Employees' Provident Fund Organisation (EPFO) has launched a helpdesk to assist inoperative account holders to settle or transfer their funds.
 
 
Under this service, a member will send an SMS in predefined format from her mobile number registered with the EPFO at the time UAN activation.
"We may take the step within a couple of months," a senior EPFO official said on the condition of anonymity.
Account holders can now apply for withdrawal online from 1 April.
Retirement fund body EPFO is planning to provide medical benefits under its pension scheme which would immediately benefit  46 lakh pensioners.
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