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Further, the monthly income of the worker should be below ₹ 15,000 (US$170). Under the scheme, the subscriber will receive a minimum assured pension of ₹ 3,000 (US$35) per month [4] after attaining the age of 60 years. However, to benefit from the scheme, workers have to contribute ₹55 monthly (for age 18) and it varies according to age.
State Bank of India (SBI) is an Indian multinational public sector bank and financial services statutory body headquartered in Mumbai, Maharashtra.It is the 48th largest bank in the world by total assets and ranked 178th in the Fortune Global 500 list of the world's biggest corporations of 2024, being the only Indian bank on the list. [11]
Any individual who is a subscriber of NPS can claim tax benefit for Tier-I account under Sec 80 CCD (1) within the overall ceiling of ₹1.5 lakhs under Sec 80 C of Income Tax Act. 1961. [12] An additional deduction for investment up to ₹50,000 in NPS (Tier I account) is available exclusively to NPS subscribers under subsection 80CCD (1B).
SBI Life is listed on BSE And NSE (Stock Exchanges in India) and is a leading Life Insurance company in India. [6] SBI Life started as a joint venture with BNP Cardif S.A, which is the life and property & casualty insurance arm of BNP Paribas , one of the strongest banks in the world, in 2001. [ 6 ]
The scheme resulted in 36.86 crore new in-use bank accounts by mid-2021. [90] [91] Deendayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY, Deen Dayal Upadhyaya Rural Skills Schemes) — MRD: 2014: Skill Development: A scheme to engage rural youth, especially BPL and SC/ST segments of the population, in gainful employment through skill training ...
The scheme's main objective is to mobilize small savings for social security during uncertain times by offering an investment with reasonable returns combined with income tax benefits. [2] The scheme is offered by the Central Government. Balance in the PPF account is not subject to attachment under any order or decree of court under the ...
V earnings call for the period ending December 31, 2024.
Direct Benefit Transfer [a] or DBT is an attempt to change the mechanism of transferring subsidies launched by Government of India on 1 January 2013. This scheme or program aims to establish a Giro system to transfer subsidies directly to the people through their linked bank accounts.