Fee for NPS Advisors

Press Information Bureau, Government of India Ministry of Finance 18-November, 2016 Fee for NPS Advisors A Retirement Adviser can charge three types of fee from the subscribers to whom he/she has given retirement advice in accordance with the Pension Fund Regulatory and Development Authority (Retirement Adviser) Regulations, 2016, as per details given below: i. A Retirement Adviser is entitled to charge On Boarding fees for facilitating on-boarding to National Pension System. The upper ceiling of such fees is Rupees One Hundred and...

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Interest rate on the long term saving deposits in post offices

Interest rate on the long term saving deposits in post offices Interest rates on bank deposits are not uniform and vary from bank to bank. Hence, a one-on-one comparison of interest rates may not be possible. The interest rates on term deposits are deregulated and they are determined by the banks themselves as per their Board approved policies. In contrast interest rates on Small Savings Schemes are administered interest rates linked to G-Sec rate of comparable maturity. The percentage of savings in the savings schemes in Post Office...

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Instruction to Banks for Advance Salary to Central Government Employees

Instruction to Banks for Advance Salary to Central Government Employees Government of India Department of Expenditure Office of Controller General of Accounts Mahalekha Niyantrak Bhawan Block-E, G.P.O. Complex, I.N.A., New Delhi-110023 Ph:No.011-24665337-40/Fax No.011-24627678 No.S-11012/1(6)/Banks/2016-17/RBD/1815-47 Dated: 18.11.2016 To Shri P.Vijaya Kumar, Chief General Manager, Reserve Bank of India Department of Currency Management, Central Office, 4th Floor, Amar Building, Sr.P.M.Road, P.B.No.1379, MUMBAI - 400001 FAX NO:022-22662442 Sir, This...

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