Category: SAVINGS
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ULIPs vs. Mutual Funds: Which Are Best for Government Employees?
Choosing the right investment vehicle is crucial for securing your financial future. When it comes to ULIPs (Unit Linked Insurance Plans) and mutual funds, the decision can significantly impact your wealth creation and insurance coverage. Understanding ULIPs and Mutual Funds ULIPs (Unit Linked Insurance Plans): ULIPs combine life insurance and investment. A portion of the…
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How to Save for a Car Down Payment Quickly
Buying a car is a significant financial milestone and one of the best ways to make it more affordable is by saving for a substantial down payment. A larger down payment can reduce your monthly payments, lower your interest rate, and decrease the total amount you pay over the life of the loan. Here are…
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NPS Benefits for Central Government Employees upon Resignation: DOPPW O.M 07.10.2024
On October 7, 2024, the Department of Pension and Pensioners’ Welfare (DOPPW) issued an Office Memorandum highlighting the entitlements for Central Government employees covered under the National Pension System (NPS) upon their resignation. This memorandum, referenced as No. 57/03/2022-P&PW(B)/8361 (3), is set to govern the service-related matters under the NPS framework. Key Highlights 1. Rule…