Go Back   2020 2021 EduVark > Education Discussion > General Discussion





  #1  
Old May 12th, 2016, 11:36 AM
Super Moderator
 
Join Date: Mar 2012
Default Pension scheme in union bank of India

Hello sir I want to know about Pension scheme in union bank of India so here can you please give me its details ?

Hey as per my idea new Pension scheme is launched in union bank of India and here I am giving you its details

New Pension System for post-retirement life.

The scheme which came to effect from May 1, 2009 allows investors to choose their asset allocation as well as their fund managers.

Facilities

Account can be transferred from one POP to another
Provision for Change in subscriber details, investment scheme, fund manager etc.
Printed statement available.
These services are available on payment of prescribed fee.

Account

Tier-I account: Individuals can contribute their savings for retirement into this non-withdrawal account.
Tier II account: Under this saving facility, individuals are free to withdraw their savings

Annual Contribution

A minimum annual contribution of Rs 6,000 in each subscriber account has been set by the PFRDA.
This is now allowed to be remitted in a single instalment, however in case of multiple instalments the minimum amount per instalment will be Rs 500/-.

Tax benefits

Available as per as per Income Tax Act 1961 amended from time to time

Last edited by Neelurk; June 4th, 2020 at 10:14 AM.
Reply With Quote Quick reply to this message
Similar Threads
Thread Thread Starter Forum Replies Last Post
ONGC Pension Scheme Harsh Pandit General Discussion 4 January 2nd, 2018 10:52 AM
New Pension Scheme Kotak Mahindra Bank Unregistered Banks Related 1 October 30th, 2017 11:13 AM
Coal India Limited New Pension Scheme Unregistered General Discussion 1 March 31st, 2017 10:41 AM
Union Bank Of India Education Loan Scheme Unregistered Banks Related 1 March 28th, 2017 09:06 AM
DCPS Pension Scheme Rohit Barla General Discussion 1 February 14th, 2017 05:21 PM
Education Loan Subsidy Scheme Union Bank Of India Rohit Barla General Discussion 0 February 7th, 2017 12:33 PM
Oriental Bank Of Commerce Pension Scheme Priyanka Goyal General Discussion 0 June 14th, 2016 02:30 PM
National Pension Scheme State Bank Of Hyderabad Harsh Pandit General Discussion 0 June 7th, 2016 05:47 PM
Recurring Deposit Scheme In Union Bank Of India Unregistered General Discussion 1 June 2nd, 2016 11:09 AM
Union bank of India MSE Scheme Unregistered General Discussion 1 June 2nd, 2016 09:23 AM
Monthly Income Scheme In Union Bank Of India Priyanka Goyal General Discussion 0 May 16th, 2016 02:20 PM
National Pension Scheme State Bank of Hyderabad Unregistered General Discussion 0 August 26th, 2015 11:02 AM
Pension Scheme of Coal India Limited Unregistered General Discussion 0 August 24th, 2015 04:35 PM
NTPC Pension Scheme Unregistered General Discussion 0 August 14th, 2015 09:33 AM
Union Bank Of India Double Deposit Scheme Unregistered General Discussion 0 April 25th, 2015 03:03 PM

Reply


Quick Reply
Your Username: Click here to log in

Message:
Options



All times are GMT +5.5. The time now is 11:42 AM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2020, vBulletin Solutions, Inc.
Content Relevant URLs by vBSEO 3.6.0

1 2 3 4 5 6 7 8