In April 2025, the central government increased the age of retirement of certain employees to 62 years and the change took effect immediately. This is to be applicable to central government doctors, PSU employees and some academic staff in order to hold on to expertise. Purpose of the Hike The change will overcome shortages in … Read more
In January 2025, Union Cabinet accepted the 8 th Central Pay Commission (CPC) which gave respite to more than 49 lakhs of central government employees and to 65 lakhs of pensioners. This commission seeks to reform salaries, allowances and pensions so as to capture economic circumstances. Delayed Notification Process By the time of this writing, … Read more
In April 2025, the exempt gratuity amount of employees in the private sector is increased to 25 Lakh rupees when compared to 20 Lakh rupees earlier. This is in line with the central government workers covered by the Payment of Gratuity Act, 1972, to save more at the time of retirement. Wider Eligibility Coverage The … Read more
In March 2023, Negotiable Instruments Act, 1881 will carry with it more severe punishment to those who bounced cheques, starting April 1, 2025. Indeed, with up to two years imprisonment put up, and fines times two the amount of the cheque, intentional bounces have been getting tougher to commit, preventing financial fraud. Faster Complaint Filing … Read more
Employees Provident Fund Organization (EPFO) has made changes as of August 2025 to make minimum pensions under EPS-95 7,500 a month as opposed to 7,000 previously. A sevenfold rise from the 1,000 pension improvements affects the lives of more than 78 lakh pensioners and is directed towards the increasing costs of living. Dearness Allowance Inclusion … Read more
The Union Cabinet authorized a 2 percent increment in the Dearness Allowance (DA) and consequently, the DA will increase to 55 percent on January 1, 2025. It helps more than 48 lakh employees in the central government and 66 lakh pensioners giving them a relief of inflation. August 2025 DA Hike Expectations A 4 percent … Read more
As of January 2025, a CIBIL score will be updated every 15 days as opposed to monthly. This is an index of your financial activities such as making loan repayments. The payment of the bad debt translates to an increase in your score within two weeks which would help you get the loans faster. Free … Read more
The National Pension System (NPS) is a government supported retirement scheme in India constituted by the PFRDA. Via2025, it gives flexibility to withdrawals, between long-term savings and immediate financial needs to more than 1.5 crore subscribers. Partial Withdrawal Eligibility After three years, NPS will show subscribers with the opportunity of withdrawing up to 25 percent … Read more
The Indian government brought forward the scheme Unified Pension Scheme (UPS), from April 1, 2025, that combines the characteristics of Old Pension Scheme (OPS) and National Pension System (NPS). Introduced on January 24, it is meant to respond to the demands of 56 lakh employees to restore OPS and at the same time make it … Read more
As per RBI, all locker users of banks would have to sign a revised agreement by 31 December 2025. This makes sure that there is certainty on terms, responsibilities and usage. Failure to comply could limit access to the locker and hence make it important to update at your bank as soon as possible. Enhanced … Read more