Bank of Baroda has entered the pension fund business after receiving a Certificate of Appointment as Sponsor of a Pension Fund from the Pension Fund Regulatory and Development Authority (PFRDA) under Section…
The Jammu and Kashmir government has issued a one-time option for certain NPS-covered employees to switch to the Old Pension Scheme (OPS). To qualify, the employee must have been appointed against a…
From Thursday, 1 October, several financial rules take effect. State Bank of India will reduce free monthly ATM transactions at other banks for salary package account holders from 10 to five. Domestic…
The National Pension Scheme for Traders offers eligible shopkeepers and self-employed persons an assured ₹3,000 monthly pension after age 60, but experts say the fixed amount is inadequate for retirement and does…
All public sector banks and regional rural banks will remain open this Sunday, September 27, the finance ministry announced, ahead of a three-day nationwide strike called by the United Forum of Bank…
Bank unions under the United Forum of Bank Unions have called a three-day nationwide strike from September 28 to 30, pressing for a five-day banking week and other employee demands. The strike…
Pension Fund Regulatory and Development Authority (PFRDA) Chairman S. Ramann said India's retirement-income replacement rate is around 35-40%, well below the global benchmark of about 60%. Speaking in Chennai on Friday, Ramann…
The National Pension System (NPS) allows gig workers, freelancers and self-employed individuals with irregular incomes to save for retirement without committing to fixed monthly contributions. Experts suggest earmarking 5-10% of each payment…
