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Muthoot Finance Ltd has announced the launch of a pension scheme for the group employees under the National Pension System (NPS).
The employees’ contribution to the scheme will be linked with a contribution by the company.
NPS, a social security measure of the Union Government launched by the PFRDA (Pension Fund Regulatory Development Authority), has been approved by the Board of Directors of the Muthoot Group for implementation as an optional scheme for the employees.
The long-term retirement savings plan for the Indian citizens in the 18-60 age groups has the provision for regular pension at the end of the tenure.
While Central and State government employees have to subscribe it mandatorily, it is optional for others. The minimum annual contribution is Rs 6,000, which can be paid at once or in instalments of at least Rs 500.
George Alexander Muthoot, managing director, Muthoot Finance Ltd, said, “Retirement planning is a very important aspect of financial planning wherein one needs to save in order to enjoy the desired post-retirement lifestyle.”
sajeevkumar.v@thehindu.co.in
Source: thehindubusinessline
The employees’ contribution to the scheme will be linked with a contribution by the company.
NPS, a social security measure of the Union Government launched by the PFRDA (Pension Fund Regulatory Development Authority), has been approved by the Board of Directors of the Muthoot Group for implementation as an optional scheme for the employees.
The long-term retirement savings plan for the Indian citizens in the 18-60 age groups has the provision for regular pension at the end of the tenure.
While Central and State government employees have to subscribe it mandatorily, it is optional for others. The minimum annual contribution is Rs 6,000, which can be paid at once or in instalments of at least Rs 500.
George Alexander Muthoot, managing director, Muthoot Finance Ltd, said, “Retirement planning is a very important aspect of financial planning wherein one needs to save in order to enjoy the desired post-retirement lifestyle.”
sajeevkumar.v@thehindu.co.in
Source: thehindubusinessline
1 comments:
I was the person who want loan against gold. I was searching many banks and companies but i was disappointed. Only the Muthoot Finance gives me loan against gold jewellery. Thanks to Muthoot Finance which has customer satisfaction service.
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