Suppose, a 45-year-old individual planning to buy a Rs.1 crore 2BHK flat say in Pune. He is facing a financial challenge of arranging the 30% down payment, which amounts to ₹30 lakh. If the person is an active EPFO member, the updated withdrawal rules can come as a relief. Actually, I was reading a news…
National Pension System (NPS) is a ‘retirement savings scheme’ which anyone can use to build retirement corpus. Yes, NPS is a corpus builder. In itself, NPS cannot generate income after retirement. Why I’m highlighting this fact? Because as an investor we must be aware that only NPS-investing will take us through. More needs to be…
Almost all salaried people in India contributes to EPF scheme to build a retirement corpus. But NPS (National Pension System) did not had this kind of penetration. In 2009, GOI made NPS available for ‘all citizens’ of India. Earlier it was available only for the government employees. Today we know that NPS can build a…
How difficult it was for people to understand the EPF withdrawal process? In good old days, EPF withdrawal process was known only to the employer. Hence it was not uncommon to find ex-employees being harassed by the employers for their EPF withdrawals. But the cases of harassment was a smaller problem. The bigger issue was…
