Starting 1st April 2025, the Indian banking sector has implemented significant updates to the regulation of savings accounts. These changes are intended to streamline banking practices, enhance digital security, and promote equitable banking services for all customers, regardless of urban or rural residence. If you are a salaried employee, a student, or even a senior … Read more
In response to the increasing number of cheque bounce incidents, the Government of India, together with the Reserve Bank of India (RBI), has introduced major reforms with the aim of curbing financial fraud and improving accountability. These reforms, which are set to go into effect on 1st April 2025, are bound to affect millions of … Read more
With the holidays coming up, more than 7.5 million pensioners under the Employees’ Pension Scheme (EPS-95) are hopeful. With inflation impacting fixed incomes and medical expenses skyrocketing, the long desired increase of the minimum pension from ₹1,000 to ₹7,500 is being discussed more than ever. Could this Diwali finally grant the financial relief that is … Read more
In a significant development for social security of Indian employees, the Employees’ Provident Fund Organisation (EPFO) has made changes to the Employees’ Deposit Linked Insurance (EDLI) Scheme. Starting from July 18, 2025, the revisions made will offer enhanced protection, easier eligibility criteria, and will assist the families of employees who maintain low or zero PF … Read more
Still waiting to hear about your salary hike? You’re not alone. With so many mixed signals floating around—government updates, corporate appraisals, and sector-specific shifts—it’s easy to feel lost. Let’s simplify what’s really happening in 2025 and what you should expect, whether you’re in a government job or the private sector. What’s the Deal with the … Read more
Still waiting for clarity on your EPFO pension? You’re not alone. With all the buzz around the 2025 update, many retirees and working professionals are wondering what’s actually changed—and how it affects their monthly income. Let’s simplify this so you know exactly what’s happening and what to expect. What’s the Big Change? You might’ve heard … Read more
Within a paycheck’s worth of inflation, Dearness Allowance (DA) serves a purpose: mitigating the financial blows for salaried workers and pension holders alike. More than just a cushion for inflation, it also paves the way towards a significant restructuring or reform when it reaches a certain threshold: the merger of DA. The DA merger isn’t … Read more
A significant change has been made to The Employees’ Pension Scheme (EPS-95) in 2025 which comes as a relief to more than 7.8 million pensioners across the country. As per the latest Supreme Court ruling, the monthly minimum pension has been increased to ₹7,500 from ₹1,000. This helps the government to fulfil the financial dignity … Read more
From 30 May 2025, South Africa will raise the official retirement age to 65 for all citizens, marking a historic reform in the country. The change will also help improve the sustainability of pensions as life expectancy rises worldwide. This aligns with global trends as well as the country’s socio-economic realities. Unified Retirement Age and … Read more
The Life Insurance Corporation of India (LIC) has introduced the Smart Pension Plan 2025, aimed at providing guaranteed income through a single-premium, immediate annuity plan. This plan has a flexible annuity option for both single and joint lives. It is a non-linked and non-participating plan. Important Features and Eligibility Criteria In terms of age, the … Read more