News Archive

New Norms to Check Delay in Pension Payments Issued

An employee can now send an undertaking directly to the bank to ensure quick disbursal of pension in his or her account, according to the new guide lines by the government.The government has decided that the requisite undertaking may be obtained from the head of the office by the retiring employee and forwarded to the

Permanent PF Account Numbers from October

Retirement fund body EPFO will start providing permanent account numbers on the pattern of core banking services to its over five crore subscribers from October this year. Permanent or universal account number(UAN) will help subscribers avoid filling PF account transfer claims on changing jobs. After getting a UAN, a subscriber would not be issued a

To Build a Good Retiremnet Corpus – Invest in Debt Oriented Plans

Due to the volatility in the equity market, investors are not keen to invest in ELSS to save taxes this year. Alternatively,  these individuals can  take a look at Templeton India Pension Fund and UTI retirement Benefit Pension Fund. These debt oriented schemes offer some exposure to equity as a tool to accumulate retirement corpus