RETIREMENT


MDT/PTI 25 July 2012
Active subscribers would have to register themselves on the EPFO portal by furnishing their account details to obtain an e-passbook of their fund   New Delhi: Over five crore subscribers of the retirement fund body Employees' Provident Fund Organisation (EPFO) can obtain e-passbook...

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New Delhi: In order to boost the National Pension Scheme (NPS), the Pension Fund Regulatory and Development Authority (PFRDA) has relaxed norms for registration of pension fund managers to ensure greater competition by removing cap on the number of Pension Fund Managers (PFMs), reports...

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The Employees Provident Fund Office is more than willing to help with online facilities Nothing can be more depressing than meeting young people who have lost their jobs due to the ongoing slowdown such as airline pilots and seafarers as well as people from the infotech industry. Many of...

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While presently the EPFO earns over 9% on its current base corpus of Rs3 lakh crore, this could be enhanced to 12%. Besides, old peoples’ homes could be another avenue of revenues that the government can look at   While speaking at the 29th Skoch Summit earlier this month, UK Sinha,...

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MDT/PTI 07 June 2012
The decision to defer the controversial bill assumes significance as the UPA government would not like to ruffle the feathers of Trinamool Congress ahead of the Presidential elections   New Delhi: With Trinamool Congress, the key alley in the united progressive alliance (UPA) coalition...

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Moneylife Digital Team 25 May 2012
About 25.75 lakh families will be covered under the 'Rani Lakshmi Bai Pension Scheme that would benefit mainly women head of families   Lucknow: The Uttar Pradesh government decided to launch a pension scheme covering 25.57 lakh families which would be given Rs400 per month, reports...

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Moneylife Digital Team 24 May 2012
The  Central government has launched a special life insurance and pension scheme for Indian overseas workers aimed at addressing their social security and resettlement needs. Launching the ‘Pension and Life Insurance Fund (PILF)’, overseas Indian affairs minister Vayalar Ravi said it combined...

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Moneylife Digital Team 24 May 2012
The government increased interest rates on Special Deposit Scheme and State Provident Funds for FY13 to 8.8% from 8.6%   New Delhi: The Indian government has increased interest rates on Special Deposit Scheme (SDS) and State Provident Funds for the year 2012-13 to 8.8% from 8.6%...

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Moneylife Digital Team 27 January 2012
If you have already retired or are approaching retirement, what should you do to make yourself safe & smart regarding healthcare, regular income, living space, insurance and financial products? A Moneylife Special Report Retirement is a paradoxical word. It could conjure a vision of...

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Everyone wants to have  adequate funds in their retirement years. Raj Pradhan explores whether pension products offered by life insurance and mutual fund companies are safe and smart options In mid-2007, Rajshekhar (name changed) visited ICICI Bank to renew his fixed deposits. The bank...

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ML Digital Team 06 October 2011
The Committee on Comprehensive Review of National Small Savings Fund (NSSF), headed by a deputy governor of RBI, has considered the suggestion of the department of posts and some state governments to increase the annual investment limit on PPF (Public Provident Fund) to Rs1 lakh from the...

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Moneylife Digital Team 08 September 2011
Money invested under NPS is locked in till the age of 60 under the NPS Tier-I account. Will this change now? The Standing Committee suggests some flexibility, but there is a positive and a negative side to it The New Pension System (NPS) has not worked very well. While for central...

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Moneylife Digital Team 05 September 2011
Even the Rs1,000 giveaway announced by the FM in the 2010-11 budget to potential savers has failed to make them join the NPS. It is obvious that potential investors tend to shun market volatility and prefer guaranteed returns Only around 51,000 people have subscribed to the 'voluntary'...

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Moneylife Digital Team 02 September 2011
Returns from NPS have varied between 12.52% and 1.82% even for bond schemes, since they are market-determined. This is sure to put off savers. Even a massive dose of financial literacy will not help An analysis of the performance of pension fund managers in the New Pension System (NPS)...

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With interest rates climbing and the government placing the management of EPFO funds largely in private hands, the provident fund scheme could become a less attractive savings option What has the increase in interest rates, announced on Tuesday by the Reserve Bank of India, got to do...

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The attitude towards employees, who actually go to an EPFO office, or try to communicate with them directly, is ‘here is somebody who wants his money, how dare he. Let us do as much as we can to trouble him or her, or the nominees, and meanwhile make merry.’ Can the EPFO be trusted...

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Moneylife Digital Team 20 July 2011
The majority of potential investors in this still-struggling scheme do not have an online platform for making payments. More points of presence are needed at various banks. Apart from these issues, the Bajpai Committee (set up by the Pension Fund Regulatory and Development Authority)...

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Alekh Angre 14 July 2011
At last things are improving for harried employees Employees have a tough time tracking the status of their provident fund (PF) accounts over the Web. Of late, the Internet has been flooded with PF-related complaints. “I have made a PF withdrawal claim 5-6 months back from my...

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Alekh Angre 26 May 2011
Employees subscribing to provident fund have not been able to exploit the entire benefit due to cumbersome procedure and a general lack of awareness of the rules. Now, through the efforts of experts and the organisation, much could change Provident fund in India is a well-known concept...

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Sharad Matade 11 May 2011
The Pension Fund Regulatory and Development Authority is trying to revive the New Pension System starting with a review of fund managers. The Pension Fund Regulatory and Development Authority (PFRDA) will hold a meeting with fund managers of the New Pension System (NPS) on 17th May to...

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