The State Bank of India (SBI) offers special Fixed Deposit (FD) schemes designed especially for senior citizens. These schemes are perfect for people above 60 years of age who are looking for a safe and reliable way to grow their money. With interest rates higher than those for regular customers, SBI senior citizen FDs are … Read more
The Reserve Bank of India (RBI) has introduced new rules for exchanging torn or damaged currency notes. These guidelines aim to ensure better cash quality, reduce the risk of counterfeit money, and maintain smooth currency operations. However, the new policy also makes it more difficult for people to exchange mutilated notes. Let’s look at the … Read more
The Reserve Bank of India (RBI) has introduced new CIBIL score rules in 2025 to make credit score management more transparent and consumer-friendly. These changes will help people manage their credit history more effectively, giving them better control over their financial decisions. Let’s take a look at these new rules and how they will benefit … Read more
The Employees’ Provident Fund Organisation (EPFO) has taken significant steps to ensure better pension benefits for its members under the Employees’ Pension Scheme (EPS) 1995. As of January 28, 2025, the EPFO has issued 21,885 Pension Payment Orders (PPOs) to eligible members, allowing them to receive a higher pension. Additionally, 1,65,621 members have been asked … Read more
The Government of India has introduced the Unified Pension Scheme (UPS) for central government employees in 2025. This scheme aims to ensure financial stability for employees after retirement by providing a fixed monthly pension under the National Pension System (NPS). Let’s understand the key details, eligibility, benefits, and differences between NPS and UPS. Objective of … Read more
The announcement of the 8th Pay Commission in 2025 has created a wave of excitement among central government employees and pensioners. With expectations of a major salary hike and revisions in allowances, the commission is set to bring significant financial benefits. One of the most useful tools introduced is the DA (Dearness Allowance) calculator, which … Read more
The 8th Pay Commission is an important update for central government employees and pensioners in India. This new commission will review and revise salaries and pensions, ensuring better financial benefits for millions of employees. However, there is still some time before these changes come into effect. Let’s take a look at the latest updates and … Read more
The Central Government has approved the formation of the 8th Pay Commission, bringing hope to millions of government employees who are expecting a salary increase. The Pay Commission is responsible for reviewing and revising salaries of central government employees approximately every ten years. However, while many employees will see a significant pay raise, some will … Read more
The central government has announced an increase in Dearness Allowance (DA) for employees and pensioners, bringing some financial relief. However, many employees are still disappointed because the government has refused to pay the pending 18-month DA arrears from the COVID-19 pandemic period. Additionally, government employees are eagerly waiting for the 8th Pay Commission and its … Read more
Central and state government employees, along with pensioners, may soon receive financial relief. The Dearness Allowance (DA) is expected to increase from 53% to 57% in July 2025, providing additional income to thousands of employees and retirees. This increase will help them manage rising inflation and maintain their standard of living. How is the DA … Read more