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PM-SYM Pension Scheme for unorganized workers, Pradhan Mantri Shram Yogi Maan-dhan Yojana

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Pradhan Mantri Shram Yogi Maan-dhan Yojana (PM-SYM) Pension Scheme for unorganized workers, PM-SYM Pension Scheme for workers..,

The reason why most of the people prefer to go for the government job is because of the pension benefit that government employees get after their retirement. The fixed periodical amount of money that the employees gives assurance to the people after they take leave from their work and job. The government has been taking good initiatives for the welfare of the common people and such in this area the government has came up with a new scheme wherein the workers of the unorganized sector also get monthly pension after their retirement which is after attaining the age of 60. The scheme is named as ‘Pradhan Mantri Shram Yogi Maan-dhan Yojana’.

This scheme is a gunshot for the unorganized sector workers and help them to lead their life and help them meet the basis requirements of life after their retirement. Let’s hope this scheme will lighten up the life’s of the people.

PM-SYM Pension Scheme

PM-SYM Scheme

There are certain eligibility criteria that one needs to have to get benefits under this scheme which include

  • Person should be working in unorganized sector only
  • Person should be in between the age of 18 and 40
  • Person who have earnings of ₹15000 or less than that.
  • Should possess original Aadhaar card
  • Bank account
  • Should be a tax payer also.

The above given are the things that are included in the required things that people need to have on mandatory basis.

However there is certain procedure one has to follow to get the benefit from the Pradhan manthri Shram Yogi Maan-dhan Yojana.

PM-SYM Pension Scheme Yojana for workers

The procedure steps are briefed as below bullet points:

One has to visit their near CSC center and you will be able to locate your nearest CSC center through the information page of the LIC of India, ministry of labour and other sources.

Make sure that you carry your Aadhaar card and also your savings bank account details along with IFSC and also the amount that you will contribute initially.

The Village Level Entrepreneur (VLE) present at the CSC center will key in all your details and make sure that the details matches with the UIDAI data.

The system will automatically generate the amount of contribution that the person needs to contribute monthly basing on the age of the person.
The candidate has to pay the amount to the VLE wherein the VLE gives a receipt for the amount he have received.

Enrollment form will be generated wherein the candidate is supposed to sign on the form and the VLE will scan the signed copy and upload it to the system.

In the next level when the registration is done a number called Shram Yogi Pension Account Number is generated and shram Yogi card will be generated and used as filed purpose.

Hope the article is informative and will definitely help you to get registered for the Pradhan Mantri Shram Yogi Maan-dhan Yojana. Follow us for more updates regarding the Pradhan Mantri Shram Yogi Maan-dhan Yojana scheme and get instant updates.

Filed Under: EPFO, PM-SYM Scheme

EPF NPS SCSS PMVVY Scheme, Pension Plans for Retirement

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EPF NPS SCSS PMVVY Scheme,Pension Plans for Retirement. Which scheme is the best for retirement? Senior Citizens Saving Scheme, Pradhan Mantri Vaya Vandana Yojana, National Pension Scheme, Employee’s Provident Fund.

Below is the just the overview of the various monetary benefits that are available to the senior citizens after their retirement.

Pension Plans for Retirement

Senior Citizens Saving Scheme (SCSS):
Senior citizens saving scheme is one of the best plans for the senior citizens who wants to have a regular income. Through this scheme, the senior citizens can invest their amount of money in the recognized banks or post offices. Any salaried person who has crossed the age of 60 can invest in this scheme. There is a age exemption for the defence retired personnel i.e they can invest after the crossing the age of 50 years. This scheme offers periodical interest to the on the amount deposited to the senior citizens. At present the interest rate provided to the senior citizens is 8.7%

To can registered for this scheme, people are required to go through certain documentation which includes basic documents like Aadhar card and pan card. The maximum amount that can be invested in this scheme is 15,00,000 and the minimum amount is the amount that individual received as retirement benefit. Under this scheme one can also get tax exemption upto an amount of 15 lakhs.

Pradhan Mantri Vaya Vandana Yojana (PMVVY)

This scheme has been launched in the year 2017 and has been providing the investors a good rate of return. This scheme is for a time period of 10 years and the beneficiaries can get the benefits throughout the years. The interest amount will be credited to the individuals account as per the policy selected by the individual at the time of registering for the scheme. If an individual has selected monthly policy then the interest amount will be credited to the beneficiaries account at the end of every month.

The main advantage under the scheme is that the individuals can get a fixed interest rate of 8% no matter what fluctuations the interest in the market goes through. The scheme is very much useful for the senior citizens as they will get the fixed amount of money at regular intervals without any hassle. This scheme also includes after death services. Where in the principal amount after the individual’s death will be given to the dependent person.

National Pension Scheme (NPS):
The national pension scheme provides security to the senior citizens by providing regular income. This scheme provides monetary security to all the citizens of India. Under this scheme there are 2 types of accounts that people can opt for which includes the tier 1 and tier 2.

Tier 1 is the policy where the individual can invest and there is limit on the withdrawal amount. Where as the tier 2 account doesn’t have any withdrawal limit on amount.

Employee’s Provident Fund (EPF)

Employee provident scheme is one of the schemes for the retired people wherein the individuals can get to save money from the time they earn. A portion of their salary will be deducted and will be saved for later for after retirement benefit. In the same way, the employer also contributes some portion of amount and the entire amount from both contributions will be paid to the scheme by the employer and the fruits of this scheme will be enjoyed by the individual after retirement.

The above is the various schemes for pension plans to the senior citizens after their retirement. The EPS scheme is one of such that people earn more can save more for retirement and as such. The Pradhan mantri Vaya Vandana Yojana also provides a fixed amount of money instead of the financial instability in the market. Both the schemes are of their own importance and have their own kind of nature.

Filed Under: EPFO

EPFO Assistant Recruitment 2019 apply online for 280 Posts

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EPFO Assistant Recruitment 2019 apply online for 280 Posts, EPFO Online Applications for 280 Assistant Vacancies.

Most of the people today await for the government job notifications and as such EPFO assistant recruitment is one of such kind. Here is the clear and detailed information about the recent notification given by the EPFO about the recruitment in EPFO assistant recruitment.

Educational qualifications:
Here is the detailed information about the educational qualification that one needs to have to apply for the position.

One must have to be graduated from a recognized university or must possess educational level that is equivalent to degree before 25 June 2019.

EPFO Assistant Notification 2019 Apply Online now

EPFO Assistant Notification 2019

Age Limit:
Coming to the age limit to apply for the current position, one must possess an age of 20 and should not have been completed 27 years as on 25th June 2019.

EPFO Assistant Notification 2019 Vacancies
The vacancies for this current position are of a total of 280 as a whole. Dividing the posts basing on the reservation criteria, below is the no. of vacancies allotted to each of the grades basing on their respective reservations.

UR 113
EWS 28
SC 42
ST 21
OBC 76
TOTAL 280

Salary & Payment:

The candidates are eligible to a pay of ₹. 44900. Along with which the candidates are also eligible to receive house rent allowance, dearness allowance, and the travelling allowance and as well as other allowances.

Important Dates To Be Noted:
Here is the list of the various dates that one needs to keep in mind that who is going to attend the examination. The important date’s list includes the date of online registration of application, availability of call letters online and also the examination dates.

  • Online Registration of Application – 30th May, 2019 to 25th June, 2019
  • Downloading of Call Letters – 20th July, 2019 to 30th July, 2019
  • Preliminary Examination (Phase-I) dates – 30th July, 2019 and 31st July, 2019

How to Fill EPFO Assistant Online Application 2019

Here is the list of the various steps involved in applying for the examination.

  • All you need to do is to visit the official website of the EPFO which is www.epfindia.gov.in where you need to click on the option APPLY ONLINE FOR RECRUITMENT TO THE POST OF ASSISTANT-2019.
  • You will be redirected to a page, click on ‘ click here for registration’
  • You need to enter your contact details and your personal details including your email ID.
  • The system will generate a registration number and password and displays it on the screen. Candidates are required to note down their provisional registration number and their password.
  • The registration number and the password will be sent to the candidate through SMS and also an email will also be sent.
  • Enter your details like your father’s name and other in the online application and recheck your application before you click on submit option.
  • Click on Validate your details’ and ‘Save & Next’ button.
  • Then you can proceed to upload your photograph and your signature. Make sure you fill in all the details in the application form and then click on FINAL SUBMIT.
  • Click on the PAY option and complete your payment process.

Fee Details:
The application fee has also to be paid by the candidates, whereas the amount to be paid depends on the reservation criteria and is clearly made understood from the table below.

SC/ST/PWD/ Departmental Candidates, Female Candidates & Economically Weaker Sections (EWS). 250
Other categories of people 500

The candidates can be the application fees through online in very way using their debut cards, UPI, internet banking and other online payment methods.

Direct Link: Download EPFO Assistant Notification 2019 for 280 Posts

Hope the article is informative and has helped you to apply for the EPFO assistant posts. All the best and hope you do your best for the exams.

Filed Under: EPFO

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