Retirement Planning

Retirement Planning

Under the framework, PRAN-PAN-VPA(UPI) would be linked through NPCI

National Pension System update: PFRDA introduces new rules for bank account verification process

Jan 18, 2023

Under the new framework, subscribers' PAN, account number, and IFSC bank code will be sent as a request to NPCI to check if the account number is linked with PAN in the bank.

A legal heir or nominee can make the NPS claim by submitting a fully-filled death withdrawal form along with supporting documentation

National Pension System (NPS) death claims: Video verification process allowed for claimants, heirs

Jan 05, 2023

NPS claims: The PFRDA, in a circular issued on January 4, 2023, noted that the video verification has been added as an additional layer to verify the nominee, claimant, and legal heir while clearing the withdrawal claims.

National Pension System is a government-controlled secure investment scheme.

NPS partial withdrawal rule tweaked from January 1; check how to apply for premature withdrawals

Dec 28, 2022

National Pension System (NPS) withdrawals: From January 1, subscribers will have to submit supporting documents to nodal officers substantiating the reasons for partial withdrawal.

National Pension Scheme is regulated by the Pension Fund Regulatory and Development Authority and the central government, and is a contributed retirement scheme floated in 2014.

Want to open an NPS account online? Here's a quick guide on how to manage account, get ePran card

Sep 14, 2022

National Pension Scheme: As per financial experts, NPS is one of the most effective long-term investments for one’s retirement, and also offers decent tax benefits. Here are steps you can follow in order to open an account.

LIC’s New Pension Plus Plan is a unit-linked, non-participating individual pension plan

LIC launches New Pension Plus plan. Check details and updates here

Oct 26, 2022

The plan intends to build corpus through systematic and disciplined savings, which can be converted into regular income after maturity.

India’s Retirement Index stood at 44 (on a scale 0 to 100) which reflects lag in urban India’s action on retirement planning in the one-year period.

Rising inflation emerging as a key trigger for retirement planning, survey shows

Sep 29, 2022

According to the Max Life survey, 59% believe that their savings will be exhausted within 10 years of retirement.

Equity Linked Savings Scheme (ELSS) and the Public Provident Fund (PPF) are tax-advantaged savings schemes

ELSS v PPF: Which is the best option for investment? 

May 04, 2022

Both ELSS and PPF are investment options which have tax benefits. How is one different from the other? Find out. 

PPF vs Mutual Fund

PPF vs Mutual Fund: Which is a better savings instrument for you?

May 05, 2022

Both these long-term saving instruments have slightly different benefits and are opted by investors with different goals. Find out which suits you best?

PPF is among those investment products that offer the benefit of triple tax exemptions - exempt-exempt-exempt (EEE) status

Public Provident Fund: Why PPF is one of the most preferred tax saving investments; check features, benefits

Aug 23, 2022

Whether one is a salaried person or has a small or big business or is self-employed or is a gig worker, they all look at PPF as a saving instrument; here's why

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FD vs SWP: Follow these steps to reduce your tax outgo by 97%

Mar 21, 2022

Investing in FDs may be simpler, but there is the tax element that needs to be taken into account as well. Follow these steps to find out how you can reduce your tax liability.

Personal finance: The sooner you start financial planning, the earlier you can retire. Regardless of whether you are in your 20s or your 30s, you should start saving today.

Are you in your 20s or 30s? Here's how much you should save every month to retire at 45!

Sep 06, 2022

Personal finance: The sooner you start financial planning, the earlier you can retire. However, if you missed the bus of starting early and are now 35 but still want to save Rs 5 crore for retirement at 45 years, then you need to save Rs 2,17,355 lakh each month in the next 10 years.

Not just corporate bonds, state bonds are also performing well.

With interest rates rising, fixed-income instruments have become attractive. What are your options?

Nov 23, 2022

With interest rates rising, fixed-income instruments have suddenly become attractive. Take your pick from FDs, debt funds or corporate bonds