Fixed Deposit

India, with its substantial rural population, has consistently prioritized rural development as a cornerstone of its national policy. The Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) and other associated rural programs are instrumental in shaping the socio-economic landscape of rural India. These programs have significantly contributed to alleviating poverty, creating employment, and fostering sustainable development. This article delves into the key benefits and outcomes of the Mahatma Gandhi National Rural Programs. Key Benefits  1. Employment Generation One of the primary aims of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) is to provide at least 100 days of wage employment in a financial year to every household whose adult members volunteer to do unskilled manual work. In essence, it acts as a social safety net for rural workers. According to the Ministry of Rural Development, more than 28 crore people have been provided with employm...

  An SDP Fixed Deposit (Systematic Deposit Plan Fixed Deposit) is a flexible and convenient way to save money while enjoying the benefits of fixed deposit returns. It allows you to invest small amounts regularly, making it easier to manage your finances and build a substantial corpus over time. Here are the advantages of opting for an SDP Fixed Deposit : Flexible Investment Options: Unlike traditional fixed deposits where you need to invest a lump sum amount, an SDP Fixed Deposit allows you to invest in smaller, regular installments. This flexibility makes it easier for individuals with varying income levels to save consistently. Guaranteed Returns: One of the key benefits of an SDP Fixed Deposit is that it offers guaranteed returns. The interest rates are fixed at the time of deposit, ensuring that your savings grow steadily over time without being affected by market fluctuations. Low-Risk Investment: If you are a conservative investor looking for low-risk options, an SDP Fi...

  Activating your UAN (Universal Account Number) after switching jobs is essential to continue accessing your EPF (Employees' Provident Fund) benefits seamlessly. The UAN is a unique number assigned to each employee, which remains the same throughout their career, even if they switch multiple employers. Here’s a step-by-step guide on how to activate UAN no if you’ve changed jobs. Obtain the UAN from the New Employer: After joining a new company, your employer will provide your existing UAN. If you don’t have it, you can retrieve it from the EPFO portal using your registered mobile number or other personal details. Log in to the EPFO Portal: Visit the official EPFO portal and go to the UAN activation section. This is where you’ll begin the process to activate UAN no . Enter Personal Details: Provide your UAN, along with personal details like your name, date of birth, and mobile number, exactly as they appear on the EPFO records. This information is crucial to ensure a successful...

  The National Pension Scheme (NPS) is a government-initiated pension system practiced in India. Introduced in January 2004, the pension scheme has been widely accessible to all Indian citizens since May 2009. Today, we break down this pivotal financial preparation tool and examine how it operates in India. The NPS Pension Scheme: What is it? NPS entails a pension cum investment scheme introduced by the government to provide regular pension to citizens. It is a voluntary retirement savings program. The plan allows Indian citizens in the age bracket of 18-60 to make periodic contributions towards the scheme. The final accumulated amount and the interest gained on it are used to procure a pension for the subscriber during retirement. The National Pension Scheme operates on the system of making contributions during your employed years. These contributions acquire a reasonable rate of interest over time. When the subscriber retires, they can withdraw a portion of the accumulated amount...