In comparison to banks, post office savings schemes offer a higher interest rate, which makes them a preferred investment option
Details like previous PF account number, bank account details, office details will be needed
DA is paid to the central government employees twice a year and the instalments for 1 January 2020, 1 July 2020, and 1 January 2021 will be restored
While the premium may differ from insurer to insurer, features of the Saral Pension plan will be similar
The labour ministry will notify the new guidelines within two weeks and is in discussions with the labour unions and industry experts
All private and public sector banks offer this facility
Retirement fund body Employees' Provident Fund Organisation (EPFO) on March 4 maintained interest rate of 8.5% for 2020-21
Due to the economic impact of the coronavirus pandemic, government was forced to freeze hike in dearness allowance
A major benefit of investment in PPF is that it is completely tax-free
If any amount is withdrawn during the current financial year, then the interest amount is taken from the beginning of the year to the month immediately before the withdrawal