NPS

Retirement Planning: How to achieve early retirement bliss? A step-by-step guide

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Early retirement can indeed be a cherished goal for many individuals, despite the challenges that may accompany its pursuit. Early retirement necessitates accumulating enough savings to sustain oneself potentially for decades, demanding considerable financial discipline and sacrifices, particularly for those early in their careers. Also, medical expenses can significantly deplete retirement savings, especially in the … Read more

Tax-saving ideas: How to restructure your salary to reduce income tax outgo by more than Rs 1 lakh

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The average salary hike this year will be 9.5%, according to a study of 1,414 companies across 40 sectors by global HR firm, Aon India. However, the averages hide disparities, and increments depend on a range of factors, including the individual’s performance, how relevant his skills are, the company’s financial performance and even the prospects … Read more

NPS contributions using UPI-enabled QR code: Five benefits, how to use the facility, and other details explained here

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The Pension Fund Regulatory and Development Authority (PFRDA) has now allowed National Pension System (NPS) subscribers to deposit their contributions through the Unified Payments Interface (UPI) QR code directly under the D-Remit process.  How this new initiative by PFRDA will benefit NPS subscribers “The introduction of QR code – UPI for D-Remit (Direct Remittance) would … Read more