Retirement Planning

As per PFRDA, subscribers must submit an application for account closure, accompanied by a signed declaration confirming their renunciation of Indian citizenship and the absence of an OCI card.

Updated : Apr 23, 2025

NPS account closure: PFRDA issues guidelines for these pension accountholders; check details

The PFRDA has issued new rules for closing NPS accounts of subscribers who have renounced Indian citizenship and do not hold an OCI card. The accumulated pension wealth will be transferred to their NRO accounts.

The post taps into a larger anxiety around middle-class stagnation, rising urban costs, and what it now takes to simply feel financially safe in modern India.

Updated : Apr 23, 2025

'₹5 lakh a month just to stay afloat’: Techie lays bare urban India's brutal costs

The post opens on a note of anxiety. “I’m earning okayish right now but the future scares me,” he admits, before diving into a sharp expense breakdown—one that many in their 20s and 30s are silently calculating.

NPS Vatsalya, a scheme specifically designed for minors, introduced in September 2024 has registered over one lakh subscribers .

Updated : Apr 22, 2025

NPS and Atal Pension Yojana see record subscriber growth in 2024-25

The National Pension System (NPS) and Atal Pension Yojana (APY) have recorded significant increases in their subscriber base for 2024-25, with NPS gaining over 12 lakh new private subscribers and APY adding 11.7 million new enrollments, according to PFRDA.

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Updated : Apr 20, 2025

If Harvard’s scrambling for liquidity, are Indians really prepared? Finfluencer breaks it down

“In Harvard’s case, less than 25% of their assets are in 'liquid' assets. This means, if it wants money tomorrow, it can’t get it,” he noted.

Annuities in NPS are provided through Annuity Service Providers (ASPs) such as LIC, SBI Life, HDFC Life, ICICI Prudential, and others.

Updated : Apr 19, 2025

National Pension System: NPS offers a range of annuities for lifetime financial security

NPS is a government-backed retirement savings scheme that not only helps individuals build a retirement corpus but also mandates the purchase of an annuity using a portion of the accumulated amount.

NPS was established to promote retirement savings among individuals, particularly employees.

Updated : Apr 15, 2025

Tax showdown: NPS or UPS — What’s better for retiring government employees?

Under UPS, subscribers will contribute 10% of their basic pay and dearness allowance on a monthly basis. NPS stands as a prominent tax-saving investment choice in the nation, presenting an array of tax advantages.

Choksi argues that most people misunderstand inflation. It’s not just about rising prices, it’s also about shrinking value.

Updated : Apr 15, 2025

'Rs 10 Maggi, Rs 1 crore flats': Investment advisor warns next 5 years will gut India's middle-class

From ₹10 Maggi to ₹1 crore shoebox apartments, the illusion of economic progress hides a quiet collapse. Salaries have barely moved, but real estate has exploded.

Retirees often exhibit stronger loss aversion, where the fear of losing money outweighs the excitement of gaining it.

Updated : Apr 12, 2025

FDs vs stocks vs mutual funds: Why retirees still choose stability over higher returns

For retirees who rely heavily on passive income, the assurance of a fixed return outweighs the allure of market-linked gains. FDs offer guaranteed interest payouts, minimal risk of capital loss, and a clear maturity structure.

The RBI has urged banks to offer better customer service, particularly to elderly pensioners, to facilitate smoother interactions.

Updated : Apr 8, 2025

RBI rule: Banks must pay 8% interest to retired govt staff for pension delays; check details

According to the RBI circular, banks responsible for pension payments are required to provide compensation to pensioners for any delays in crediting their pension or arrears.

The updated rule is designed to assist officers currently facing marital conflict, involving family dispute cases pending in courts

Updated : Apr 8, 2025

Family pension: Women IAS, IPS, IFS officers can choose children over spouses; check details

A family pension is awarded to the recipient following the employee's passing. It's worth mentioning that the alteration in the Central Civil Services (Pension) Rules, 2021, made in 2024, enabled female government employees to designate their children (both sons and daughters) for the family pension.

The National Pension System (NPS), a retirement savings scheme, can be beneficial at the beginning of the financial year.

Updated : Apr 4, 2025

National Pension System (NPS): April timing key for NPS investment for these two reasons

Starting in April can maximise compounding benefits, secure tax advantages, and allow strategic asset allocation, appealing particularly to private sector employees.

The central bank has instructed banks to offer the convenience of submitting life certificates at the premises or residences of super senior citizens.

Updated : Apr 3, 2025

Pension payment: Dearness Relief to Life Certificate submission - 8 things retirees should note

The RBI has stated pensioners have the option to submit their life certificates through the Jeevan Praman platform, eliminating the need to visit a branch.

Starting April 1, eligible employees can conveniently enroll in the UPS program through the Protean CRA portal.

Updated : Apr 1, 2025

NPS to UPS switch: Check link and steps on how to shift to Unified Pension Scheme

Beginning on April 1, 2025, NPS members will have the option to transition to the Unified Pension Scheme via the specified online platform. The UPS provides enhanced versatility and advantages such as a guaranteed pension, family pension, and a secured minimum pension.

Medical costs, rising inflation, and longer lifespans can drain even sizable savings.

Updated : Mar 31, 2025

'India’s pensions are just 3% of GDP': Retirement strategist says you’re on your own

According to a report by DSP Pension Fund, India’s retirement savings gap—the difference between what retirees need and what they have—is growing at 10% annually and could hit $96 trillion by 2050.

With accelerating shifts in global labor trends, Muthukrishnan concludes: “With AI, automation and robots, the world is in for challenging times.”

Updated : Mar 30, 2025

'Half of India has less than ₹3.5 lakh': Financial expert warns India’s next crisis is personal

He also offers benchmarks for comparison: excluding primary residence, if your wealth is above ₹90 lakh, you’re richer than half of Singapore’s population; above ₹96 lakh, and you’re ahead of 50% of Americans.

Seniors opting for FDs generally get higher interest rates as compared to younger investors.

Updated : Mar 29, 2025

Saving options for senior citizens: FD schemes from small finance banks to public, private banks

Public, private, and small finance banks in India are currently offering fixed deposit (FD) schemes with interest rates exceeding 8.5% for specific periods. Thisis strengthening FDs as the preferred investment option for senior citizens seeking a stable and dependable financial instrument.

The announcement follows Union Finance Minister Nirmala Sitharaman's budget declaration in February, which included health coverage for gig workers under the PM Jan Arogya Yojana.

Updated : Mar 27, 2025

Government may order 2% pension contribution from e-commerce platforms towards gig workers: Report

The scheme is expected to be unveiled within the next two to three weeks, as per sources familiar with the matter. Notable platform aggregators such as Swiggy, Zomato, Uber, and Blinkit are anticipated to participate in this initiative.

Scheduled for launch on April 1, the scheme aims to address the central issue raised by government employees with regards to the NPS, namely the lack of a guaranteed pension.

Updated : Mar 27, 2025

'UPS to offer assured pension...': Minister explains difference between NPS and UPS

The Centre unveiled the UPS in August 2024 and recently released detailed operational guidelines outlining the programme's structure, timeline, and rollout plan.

When you do an SIP for a long-term investment goal such as retirement, it may also be advisable to increase your SIP amount annually in line with the increase in your income.

Updated : Mar 27, 2025

How much can I expect to accumulate by investing Rs 50,000 per month in SIPs in next 10-15 years?

An efficient and well-thought-out approach to building a strong retirement fund is by utilizing a Systematic Investment Plan (SIP) in mutual funds. SIPs enable consistent, smaller investments that alleviate the pressure of one-time payments and capitalize on the effects of compounding for sustained growth over time.

₹3 crore offers a basic lifestyle but is risky if inflation rises.

Updated : Mar 27, 2025

'Can I even retire in India?': Financial analyst explains why even ₹10 crore may not be enough

Joshi points to the growing influence of the FIRE movement—Financial Independence, Retire Early—which is taking off globally. But in India, the math just doesn’t seem to add up.

His priority now? Preserving health, managing investments wisely, and adjusting course only if necessary.

Updated : Mar 25, 2025

Retiring rich or risking it all? This consultant left his ₹1.6 lakh salary job at 35

While his plan appears solid, financial experts have raised concerns. NRI advisor Arthgyaan warns that with ₹1.68 crore (including other assets), the corpus has only a 73% chance of lasting until 85.

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Retirement Planning

NPS account closure: PFRDA issues guidelines for these pension accountholders; check details

'₹5 lakh a month just to stay afloat’: Techie lays bare urban India's brutal costs

NPS and Atal Pension Yojana see record subscriber growth in 2024-25

If Harvard’s scrambling for liquidity, are Indians really prepared? Finfluencer breaks it down

National Pension System: NPS offers a range of annuities for lifetime financial security

Tax showdown: NPS or UPS — What’s better for retiring government employees?

'Rs 10 Maggi, Rs 1 crore flats': Investment advisor warns next 5 years will gut India's middle-class

FDs vs stocks vs mutual funds: Why retirees still choose stability over higher returns

RBI rule: Banks must pay 8% interest to retired govt staff for pension delays; check details

Family pension: Women IAS, IPS, IFS officers can choose children over spouses; check details

National Pension System (NPS): April timing key for NPS investment for these two reasons

Pension payment: Dearness Relief to Life Certificate submission - 8 things retirees should note

NPS to UPS switch: Check link and steps on how to shift to Unified Pension Scheme

'India’s pensions are just 3% of GDP': Retirement strategist says you’re on your own

'Half of India has less than ₹3.5 lakh': Financial expert warns India’s next crisis is personal

Saving options for senior citizens: FD schemes from small finance banks to public, private banks

Government may order 2% pension contribution from e-commerce platforms towards gig workers: Report

'UPS to offer assured pension...': Minister explains difference between NPS and UPS

How much can I expect to accumulate by investing Rs 50,000 per month in SIPs in next 10-15 years?

'Can I even retire in India?': Financial analyst explains why even ₹10 crore may not be enough

Retiring rich or risking it all? This consultant left his ₹1.6 lakh salary job at 35

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