Retirement plan

Retirement plan 8 min read
Types of Annuities | Understanding the Different Categories

Post-retirement financial planning is very important as after retirement, you will have limited sources of income. There are different types of annuities that will help you during your golden years. The different types of annuities have various benefits which allow you to deal with inflation and lead a retired life without compromising your standard of ... Types of Annuities | Understanding the Different Categories

Retirement plan 6 min read
Everything You Should Know About Gratuity and its Tax Implications

Gratuity is a voluntary payment made by an employer in appreciation of the services rendered by an employee. For organisations covered under the Payment of Gratuity Act, 1972 (“Gratuity Act”), it is mandatory to pay gratuity to employees subject to the fulfilment of conditions. For other organisations, payment of gratuity is a matter of organisational ... Everything You Should Know About Gratuity and its Tax Implications

Retirement plan 7 min read
Learn How to Calculate Your Retirement Corpus

Retirement planning is one financial aspect that we often tend to miss out on while planning our finances. The Indian population often thinks of relying on their children and future generations as a means to a comfortable retirement.  However, if you do not plan your finances well beforehand, there can be difficulties post-retirement when you ... Learn How to Calculate Your Retirement Corpus

Retirement plan 6 min read
How to Transfer a PPF Account from One Bank to Another?

A public provident fund account is often the default choice for many when creating a long-term corpus. There are many reasons for choosing it, including the lower risk on investment and tax benefits. As a traditional investment option, PPF has few matches. You can open a PPF account with a post office or a bank. ... How to Transfer a PPF Account from One Bank to Another?

Retirement plan 7 min read
How to Check Your PPF Account Balance?

A public provident fund (PPF) is a fixed-return investment instrument initiated by the Government of India to mobilise small savings. It offers a fair interest rate on a deposit and attractive tax benefits, due to which it is a preferred mode of investing for many. Also, with its long-term lock-in period and restrictions on premature ... How to Check Your PPF Account Balance?

Retirement plan 8 min read
What Is GPF- General Provident Fund

General provident funds help government employees build a sufficient retirement corpus that will give them a sense of financial security. In short, GPF is a provident fund only available to the government employees in India. Pension funds, in contrast, include aspects of both lump sum and monthly pension payments.  When a subscriber leaves government service ... What Is GPF- General Provident Fund

Retirement plan 9 min read
UAN Member Portal: Everything an Employee Must Know

The Employees’ Provident Fund (EPF) is a scheme wherein the employer and employee contribute, in equal amounts, to create a retirement corpus for the employee. So, if you are a salaried employee, chances are that you have an EPF account in your name wherein, every month, a part of your salary is credited to build ... UAN Member Portal: Everything an Employee Must Know

Retirement plan 7 min read
PPF (Public Provident Fund): Deposit Limit, Eligibility and Tax Benefits

The Public Provident Fund (PPF) is a Centre-backed scheme launched by the National Savings Institute in 1968 to inculcate the habit of saving among Indian investors. It calls for depositing small sums of savings periodically, which earn a fixed interest. They are locked in for a period of 15 years, during which there are windows ... PPF (Public Provident Fund): Deposit Limit, Eligibility and Tax Benefits

Retirement plan 8 min read
Defined Benefit Plan vs. Defined Contribution Plan

Employment-based pension plans pay retirement benefits to the employees of an organisation based on factors such as salary, amount of contribution, number of years worked in an organisation, etc. Such plans are primarily of two types – Defined Benefit Plan and Defined Contribution Plan. These are also considered non-insurance pension plans, as it is not ... Defined Benefit Plan vs. Defined Contribution Plan

Retirement plan 7 min read
How Can Inflation Affect Your Retirement Planning?

Inflation remains one of the most pressing macroeconomic challenges for the entire world. It means a sustained increase in the general price level of an economy. You can feel the impact of inflation when you visit your nearby stores to buy groceries or stand in a queue waiting for your turn at a petrol pump.  ... How Can Inflation Affect Your Retirement Planning?

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