Unified Pension Scheme (UPS) has received 7,253 claims, Finance Minister Nirmala Sitharaman said on Monday, July 28. Out of these 7,253 claims, 4,978 claims have been processed for payment of benefits, as of July 20. There are 25,756 retired Central government subscribers eligible to receive additional benefits under UPS, according to the eligibility criteria, the…
1. National Pension Scheme (NPS) NPS is a voluntary retirement savings scheme that offers market-linked returns. NPS is open to all Indian citizens, including those in the unorganized sector. At retirement, investors can withdraw a part of the corpus and use the rest to get a monthly pension. It offers tax benefits under Sections 80C…
NPS investment has low equity exposure. The maximum percentage that can be invested towards equity shares or stocks is 75 per cent. SIP is a way through which you can invest a fixed amount in mutual funds of your choice. Mutual Funds offer a wide assortment of investment options. Depending on your risk appetite and…