India has handled the conundrum of inflation and growth quite well and as a result, while the inflation rate has come down, the economic growth has re
After retirement, the employees gets the PF money. This account holder also gets life insurance cover up to Rs 7 lakh and that too absolutely free of
Only a monthly contribution of Rs 500 may be required to join back
If an employee has no dependents, the pension is payable to a single nominee
As Covid relief measures, the government allowed subscribers to withdraw advances from their PF accounts subject to certain terms and conditions
The move, which is reportedly a part of the labour security code, aims to discourage people from withdrawing from their pension account
In case of death during active service, the family or nominee needs to fill form 5IF and submit it along with death certificate and few other document
The Union Labour Ministry said an expert committee has not given its nod to the move
With a bit of time spent on financial planning, one can also cherish the peace that comes with financial freedom