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Challenges Faced by Workers Under MGNREGA and Possible Solutions
MGNREGA workers face delayed payments, limited job availability, and low awareness of rights. Corruption and poor infrastructure worsen the issues. Solutions include timely payments, better transparency, digital tracking, and awareness drives. Strong monitoring and grievance systems can improve implementation and ensure rural workers get proper support.
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Government Support in Atal Pension Yojana: How Much Does the Govt. Contribute?
The Atal Pension Yojana (APY) offers a guaranteed monthly pension for unorganized sector workers. Initially, the government contributed 50% of the subscriber’s input or up to ₹1,000 annually for five years, but only for those who joined before March 31, 2016, and met specific criteria. This co-contribution ended in 2019–20. New subscribers now receive benefits without government contribution.
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Saksham Yojana and Skill Development: How It’s Preparing Youth for the Future
Saksham Yojana aims to enhance youth employability through skill development and training. It provides financial support, such as honorariums and unemployment allowances, to educated unemployed youth. The scheme bridges the gap between job seekers and employment opportunities, empowering them for a better future.
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Open an Account Under Ponmagan Podhuvaippu Nidhi Scheme?
To open a Ponmagan Podhuvaippu Nidhi Scheme account, visit the nearest post office with documents like the child’s photo, school ID, income proof, and address proof. Only one account per family is allowed. The scheme is for male children in Tamil Nadu and supports savings for their education with tax benefits under Section 80C.
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MG NREGA Job Card Renewal Process: Simple Steps for 2025
To renew your MGNREGA job card in 2025, visit your local Gram Panchayat, fill out the renewal form, and submit it with required documents like Aadhaar and address proof. After verification, your job card will be updated, allowing you to continue receiving employment benefits under the scheme.
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How CKYC Makes Digital Banking More Secure
CKYC enhances digital banking security by maintaining a centralized repository of verified customer data. Once a customer completes CKYC, their details are securely stored and can be accessed by financial institutions, reducing the need for repeated verification. This minimizes fraud risks, ensures data consistency, and speeds up account opening and transactions, making digital banking safer and more efficient.
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Plan Retirement Goals with an EPF Calculator: Tips and Tricks
An EPF calculator helps you estimate your retirement savings by projecting your contributions and interest earnings. To maximize benefits, update your salary details regularly and factor in employer contributions. Adjust your withdrawal plans to optimize returns and ensure financial security. Use the calculator to set realistic retirement goals and make informed investment decisions.
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How to Ensure Consistent Deposits in Your Sukanya Samriddhi Yojana Account
To ensure consistent deposits in your Sukanya Samriddhi Yojana (SSY) account, set up automated transfers through net banking or mobile banking. Plan a fixed deposit schedule based on your financial capacity to avoid missing contributions. Keep reminders for yearly deposits to maintain account benefits. Regularly check your account balance and update nominee details when required.
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Track and Manage Your Online Fixed Deposits Easily
Managing online fixed deposits is simple with digital banking tools. Investors can track maturity dates, interest earnings, and renewal options through net banking or mobile apps. Online platforms also allow premature withdrawals, auto-renewals, and nomination updates. Regular monitoring ensures better financial planning and maximized returns.
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Tips for Using a PF Maturity Calculator to Maximize Returns
A PF maturity calculator helps estimate the final corpus based on contributions, interest rates, and tenure. To maximize returns, input accurate salary details, adjust tenure for higher compounding benefits, and consider voluntary contributions. Keep track of changing EPF interest rates and use the calculator to plan partial withdrawals wisely. Regular updates ensure better financial planning.
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How Interest Rate Changes Impact FD Returns: A Calculator’s Role
Interest rate changes directly affect FD returns, impacting both short-term and long-term investments. When rates rise, new FDs offer higher returns, while existing ones remain unchanged. A fixed deposit calculator helps estimate earnings based on current rates, tenure, and principal amount. It allows investors to compare options and make informed decisions to maximize returns.
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Guide to Tax-Saving Fixed Deposits for Senior Citizens
Tax-saving fixed deposits for senior citizens offer a secure investment with tax benefits under Section 80C of the Income Tax Act. These FDs have a five-year lock-in period and provide higher interest rates than regular FDs. However, the interest earned is taxable. Senior citizens can maximize returns by opting for banks offering the best rates.
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Investing Smartly: How to Manage Tax on FD Interest Income
Fixed Deposit (FD) interest is taxable under "Income from Other Sources" and subject to TDS at 10% if it exceeds ₹40,000 (₹50,000 for senior citizens) in a financial year. To reduce tax liability, investors can split FDs across banks, opt for Tax-Saving FDs, or invest in the name of family members in a lower tax bracket. Submitting Form 15G/15H helps avoid TDS deductions if income is below the taxable limit. Choosing longer tenure FDs with cumulative interest can also defer tax payments.
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Gratuity Calculation Rules for Senior Citizens: What to Know
Gratuity for senior citizens is calculated based on the last drawn salary and years of service. Employees must have completed at least five years in an organization to be eligible. The maximum tax-free gratuity limit is ₹20 lakh under the Payment of Gratuity Act, 1972. Senior citizens retiring from government jobs or private organizations receive gratuity as a lump sum, ensuring financial security post-retirement.
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Plan Flexible Contributions with an SSY Calculator
A Sukanya Samriddhi Yojana (SSY) calculator helps investors plan flexible contributions to maximize returns for their girl child’s future. By entering details like deposit amount, tenure, and interest rates, users can estimate the maturity amount and strategize savings accordingly. The tool ensures disciplined financial planning while benefiting from tax exemptions and high-interest rates.
Read More: https://medium.com/@investwithme/plan-flexible-contributions-with-an-ssy-calculator-ecc6de77cded
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What Happens If You Fail to Submit Form 60 for PAN-less Transactions?
Failing to submit Form 60 for transactions where PAN is mandatory can lead to transaction denial, increased TDS deductions, or scrutiny from the Income Tax Department. Banks and financial institutions may freeze accounts or reject applications for loans, FDs, or mutual funds. Additionally, large transactions without PAN or Form 60 could trigger tax investigations, leading to penalties or compliance issues.
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Avoid TDS on Fixed Deposit Interest: Tips and Strategies
To avoid TDS on FD interest, submit Form 15G (for non-senior citizens) or Form 15H (for senior citizens) if your total income is below the taxable limit. Opt for tax-saving alternatives like splitting deposits across banks to stay below the ₹40,000 (₹50,000 for seniors) annual TDS threshold. Investing in post office time deposits or choosing cumulative FDs can also help minimize tax deductions.
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