A Dive into the History of the National Pension System
The National Pension System or NPS was launched by the Government of India on 1st January 2004. Even though initially it was launched for government employees, since 2009 it has been opened to employees from the corporate sectors as well. This allows the subscribers to contribute to their pension accounts regularly during their working period.
National Pension System: Now Subscribers Can Get Same-day NAV on Their Contributions
Since the introduction of the National Pension System, the subscribers demanded a same-day NAV of their NPS accounts. This is because many people consider NPS as a lucrative investment option rather than a mere pension plan. Since it is a typical feature of all other investment instruments, the unavailability of same-day NAV left subscribers in two minds when investing in NPS.
PAN Card Change or Correction - Know How to Change Personal Details on Your PAN Card
Every Indian taxpayer must possess a PAN card as per Section 139A of the Income Tax Act, 1961. It is a crucial document that replaced the General Index Registrar (GIR) Number system that was used before. The primary agenda of the PAN card was to avoid confusion regarding income tax collection.
If you have applied for your PAN card and noticed incorrect details upon receiving it, you can initiate a PAN card correction process. In this guide, we will walk you through the steps to update your PAN details accurately.
How to Apply for a PAN Card Online?
The Income Tax Department uses the PAN or Permanent Account Number to identify every Indian taxpayer. Initially, it was introduced to curb the rate of tax evasion by individuals and corporate entities. Now, the PAN card acts as a valid ID proof for all Indian residents as well as NRIs (Non-Resident Indians). In this blog, we have covered the topic of PAN card application online. So, in case you are having confusion regarding how to apply for a PAN card from home, then this guide will solve your queries.
Effortless PAN Reprint & Updates: Streamlined Process via eKYC and eSign
Once the government allots a PAN card to an individual or corporate entity, its validity lasts for a lifetime. However, the instances of individuals applying for a PAN card reprint service are quite common under certain circumstances. Obtaining and retaining the PAN card is vital as it serves as an identity-proof document. Also, it comes in handy to claim tax returns in case when excess TDS is deducted. Therefore, if your PAN card is stolen or damaged or somehow you lost it, then there’s no need to panic.
NPS Account Management: All About Various Investment Options Under NPS
The National Pension System (NPS) stands as a cornerstone in India's retirement planning landscape, offering individuals a structured approach to secure their financial future. Amidst its complexities and nuances, questions often arise regarding its operational aspects, investment options, and account management procedures. In this article, we delve into seven pivotal queries surrounding NPS, providing clarity and guidance to both current and prospective subscribers.
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Selecting the Right NPS Fund Manager
Are you facing difficulty in finding the right Fund Manager for your NPS investments?
Choosing the right fund manager is always crucial for the growth and security of your assets. This blog explores frequently asked questions while selecting a fund manager tailored to your goals and risk appetite. From performance records to investment strategies, we will demystify the process, ensuring you entrust your investments to capable hands. Join us as we embark on a journey to find the ideal fund manager for navigating the complexities of the financial world with confidence.
The Tax-Saving Trio: NPS, EPF, and PPF - Which One Fits You Best?
When it comes to planning for your long-term investments in India, you have a variety of options to consider for meeting your financial goal for retirement corpus. Among these options are the National Pension Scheme (NPS), Public Provident Fund (PPF), and Employees Provident Fund (EPF). Each of these investment avenues offers unique attributes, catering to different types of investors. In this article, you will explore the offerings of NPS, EPF, and PPF to help you determine which one best suits your financial needs and requirements.
NPS vs. EPF: Which is Better?
Why Join NPS Instead of EPF?
If you are working as a professional in the corporate sector, you will want to have a comfortable and secure retirement. To achieve that, you need a steady income, like a pension. EPF has been providing a consistent return of around 8.5%, but if you want to secure a significant retirement corpus, you will need more than just EPF.