The present wage ceiling of Rs 15,000 was notified in 2014.

The present wage ceiling of Rs 15,000 was notified in 2014.

Gang also highlighted REITs and InvITs as compelling alternatives for those seeking predictable income. But Gang says no single product is ideal for every retiree, and the focus should be on post-tax returns, consistency of income and overall portfolio diversification.

When a home loan borrower passes away during the loan tenure, lenders first check whether the borrower had purchased a home loan insurance policy.

While earning Rs 1.5 lakh a month places you in a strong financial position, the deciding factors are your spending habits, savings rate and the wealth you have built by the time you turn 50.

Keeping your account updated will ensure seamless access to all EPFO benefits and help you avoid unnecessary paperwork when claiming funds after retirement.

Choosing between Sukanya Samriddhi Yojana and a mutual fund SIP depends largely on your risk appetite and financial goals.

Under Section 64 of the Income-tax Act, certain income earned by specified family members can be added, or clubbed, with the income of another taxpayer while calculating tax liability.

Without proper KYC, customers may only have access to basic banking services, while advanced features could be restricted.

Several users agreed that rising costs of housing, transport, healthcare and daily essentials have significantly reduced the value of salaries.

During this period, EPFO members will not be able to access several digital facilities provided by the organisation.