Employee Provident Fund is an important aspect of financial planning for all working individuals in India. Therefore, an EPF passbook balance check to know the current balance in your EPF account is crucial, as it helps to manage savings effectively. You can use the United Mobile Application for New Age governance app, known as UMANG, to check your EPF balance. In this post, we will guide you on how to start the PF balance check process online using the UMANG app, its benefits, and features.

All Indian residents have access to the National Pension Scheme (NPS), a preferred retirement planning tool. But did you know that the NPS is also available for Non-Resident Indians? Yes, you read it right. As per current rules, Non Resident Indians (NRIs) can also invest in NPS and get benefits similar to NPS Tier 1 account for resident Indians. This guide outlines how NPS for NRI scheme works to help you plan your pension corpus being as an NRI.

Choosing between lump sum vs annuity payouts is a crucial consideration that retirees must make when deciding how to receive retirement benefits. An annuity is a pre-determined amount paid out at regular intervals which may be monthly, quarterly, semi-annually or yearly. On the other hand, lump sum payments are relatively larger sums of money paid out in one go. Keep reading to know more differences and make an informed decision regarding which one suits your retirement planning needs.

Planning is very important if you want to lead a peaceful life after retirement. To ensure this, an adequate amount of funds is necessary. For example, a retired person might require at least ₹30,000 to fulfil daily needs and manage other financial obligations. A pension plan that can offer regular income becomes crucial.

Therefore, you need to choose the right retirement plan. These plans are essential for proper retirement planning and can help you save money slowly over the years. After retirement, they give you a fixed monthly income. You can also add life insurance options for extra protection. This gives your family the desired safety and you peace of mind.

A regular income post-retirement can offer you the much needed peace of mind. For example, for a few people an amount close to ₹10,000 can help cover your everyday expenses and medical needs. One common question among people nearing their retirement time is, “How can I get a ₹10,000 pension monthly?” The good news is that there are various types of pension plans that offer fixed monthly payments as per your contribution capability.

In this blog, we will explore how to secure a ₹10,000 monthly pension, the best available plans, and how much you need to invest to achieve this goal.