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Expert take: Thrust on financial savings continues

Since 2013, the government has consistently provided the much-needed thrust for financial savings over physical savings, and the intent has been visible this year as we

Budget 2017: Retirees may get assured 8% interest on pension

The scheme, similar to the Varishtha Pension Bima Yojana, is an immediate annuity plan and will be open for subscription for a period of one year from the date of launch.

Early withdrawal from NPS will be tax-free

They can contribute up to 10% of their income to NPS as own contribution and another 10% as employer’s contribution.

With the Union Budget nearing, can we hope for changes that retirement savings need?

NPS was perceived as a pension system by decision makers, and its real purpose a replacement for the government's own legacy pension system.

NPS expected to grow at 35-40% in FY17, says PFRDA

NPS expected to grow at 35-40% in FY17, says PFRDA

NPS has been growing at around 35 per cent per annum in terms of both AUM and subscriber base for the past three years.

NPS sees manifold increase in AUM, subscribers since 2010

Citing the reason, he said NPS, regulated by PFRDA, is still not the first choice for the private and corporate sector employees.

EPFO extends deadline for payment of EPF dues till January 20

EPF statutory dues for the month of December can now be paid by January 20, 2017.

My saving idea: Buy bulk or value packs when shopping

When you're buying products that have a long shelf life, it's better to buy in bulk or choose value packs to cut down your cost.

My saving idea: Avoid late payment fee on credit card bills

Time your large credit card purchases to just after a new billing cycle begins to enjoy a longer credit period.

How demonetisation may impact savings

How demonetisation may impact savings

Among other things, Indian household savings, among the highest in the world in terms of percentage of GDP, are also likely to be impacted.

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