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How to Open A National Pension System (NPS) Account Online?

National Pension System (NPS)

In the recent past, the popularity of the NPS or National Pension System has been raised substantially. The reason for it is the multi-faceted benefits associated with it. It offers better tax benefits (i.e. a sum of maximum Rs. 2 lakh invested annually in NPS is entitled to get tax exemption) and better returns, moreover NPS also has a choice of funds which enables is to stay head all other tax saving plans.

National Pension System (NPS) offers an ideal solution for planning for the retirement. It offers a steady old age income along with a reasonable amount of market returns. The scheme is based on a unique Permanent Retirement Account Number (PRAN) which is given to each and allotted to every NPS account subscriber.

The NPS is largely intensive on the retirement of a person. While up to sixty percent of the maturity corpus can be taken out as a lump sum on maturity, the balance is annuitized compulsorily, i.e., balance is utilized to fund the pension (annuity) after retirement. This annuity is taxable fully in the receipt year as income from other sources.

NPS account is accessible through mobile application also by the name ‘NPS by NSDL e-Gov’. it offers the subscribers to view their NPS account details along with scheme holdings and the latest Net Asset Value (NAV). The app also enables the subscribers to view the total value of their schemes. Subscribers can also see the transaction statement for a specific financial year along with the contributions made in the last five times. The subscriber can also switch among various options such as asset classes, fund managers and change the allocation ratio, etc.

The various facilities available on the login account of the subscriber are as follows:

  • View profile details
  • Transaction Statement
  • Statement of Holding
  • Contribution Statement
  • Transaction through

Benefits of NPS account

The benefits of the NPS account are as follows:

  • Exclusive Tax Benefit: It offers Rs.50,000/ as an extra deduction
  • Regulated: It is controlled by PFRDA (i.e. Pension fund regulator under Govt. of India)
  • Transparency: It is possible to access the account through digital mode for making the contributions and for keeping track of the further developments in the investment.

Who can apply for an NPS Account?

  • The person should be an Indian Citizen.
  • The age of the person should be between 18 to 65 years.
  • The person should not have a pre-existing NPS account.

It is a digital world, where everything is easily accessible at the click of the mouse. So National Pension System Trust has also introduced an online facility which is known as eNPS. It is a convenient way to make the procedure of opening NPS account simpler. The eNPS option offered by the National Pension System Trust permits an individual to open pension accounts in the NPS plan. It helps in contributing initial and succeeding contributions to the Tier I as well as Tier II accounts.

Following are the requirements for opening NPS account online:

  • One should have a mobile number, an email id along with an active bank account which has internet banking facility.
  • Aadhaar card number with a registered mobile number.
  • Scan copies of the photographs and canceled cheques along with the signature image.
  • At least RS. 500 in the bank account or the credit card of the person.

Steps to start an NPS online account:

  1. One should visit eNPS portal i.e. https://enps.nsdl.com/eNPS/NationalPensionSystem.html. After this one should click “registration” option available on the right-hand side on the home page.
  2. This will open the online subscriber registration page. Here, one should select the new registration option by selecting an appropriate category. Here, one has to enter his/her Aadhaar number which will generate an OTP. One is required to enter the OTP received on the registered mobile number and the continue option has to be clicked.
  3. Clicking on the “continue” will lead to the generation of an acknowledgment number with the name of the person along with time stamp. It has to be followed by selecting the option of “OK”.
  4. It will prompt the individual to enter his/her personal details. One needs to verify the personal details after entering them. It has to be followed by clicking on “Save & Proceed” option.
  5. The next step involves query about the bank details of the person which have online banking facility. Entering of the bank details has to be followed by clicking on the “Save & Proceed” option for going to the next step.
  6. In the next step, the person will be asked to take a decision regarding the portfolio allocation out of four different available funds which are subjected to the highest exposure of 50% to the equity funds. The entering of the allocation details has to be followed by updating the details of the nominee.
  7. After updating the nominee details, one needs to upload a canceled cheque of his/her account, with a recent passport-sized photograph and his/her specimen signature.
  8. The final stage involves making the very first contribution towards NPS which should be at least Rs. 500. The first payment can be made either through net banking or through individual’s credit card (along with some extra charges).
  9. The successful accomplishment of the payment procedure is followed by generation of the person’s Permanent Retirement Account Number (PRAN)along with the payment receipt.
  10. Then the person should click on “Download Registration Form/E Sign” for completion of the registration procedure by submitting the OTP sent to the registered mobile number by UIDAI to along with the person’s Aadhaar number.

It is important to note that it takes two days for the units for getting credited against the person’s PRAN number. The person will also get an email on his/her the registered email id about the IPIN generation for his/her PRAN, which the person can use for accessing his/her online account and for making further contributions in the NPS account.

The NPS offers the perfect retirement solution for the elderly. Moreover, it has gone digital which has made ease of accessibility from anywhere and at any time, simply at the click of a mouse. So one can relax and enjoy the retirement years.

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5 Things to Know When Enrolling in an MCAT Prep Course

MCAT Prep Course

If you are one of those fellow students looking forward to enrolling in a (Medical College Admission TestMCAT Prep Course yet not sure how to choose the best one, this post is exclusively for you. In this particular post, we are going to share you the 5 most important things you need to consider when choosing your MCAT preparation course. So, let’s get started without further delay!

1. When Should You Take MCAT Exam:

The first question that may pop up your mind before choosing an MCAT prep course is when you should take the MCAT exam. Well, the answer is- take the exam when you are mentally prepared. Ask yourself whether you are ready to give your best.

Moreover, think if you are comfortable with the subjects and contents of the exam. Try to master the introductory-level science courses which are considered to be the base of MCAT prep.

The MCAT exam is all about how well you understand the terms and contents of the course. Try to cover all the subjects before the exam, allocate more time in practicing test questions, and get yourself prepared fully.

2. How to Prepare for the MCAT Exam:

Well, there is no such rules or regulations that are a must for the preparation of MCAT exam. Different person adopts different strategies to prepare for the exam. You can find the skills and contents of the exam in your introductory-level science syllabus including physics, chemistry, biology, sociology, and biochemistry.

Make a plan yourself that you can follow through your preparation journey until the night before the exam. You can easily get help from your course teachers, health advisors, volunteer advisors and from the other faculty members of your school. They can also assist you in finding the Best MCAT Prep Course for you as well. Make a study plan that assists you to be focused on your goal, to be organized, and to remain on the right track.

3. Check If You are Under Expert Guidance:

It’s very important to take the MCAT prep course under an expert guidance. There is no alternative to an expert guidance to get the students familiar with the comprehensive review of each subject. Before taking the MCAT prep course, check out if the instructor is well-qualified. The instructor must be able to understand the problems of the students and solve them either in the classroom or in the video lectures. Grad students may claim themselves the experts but don’t get confused. You need to choose the genuine experts from the respective fields to get prepared for the exam.

4. Check If the Course Includes Practice Exams:

You may feel that you have been very well prepared for the MCAT exam by joining the prep course, but the reality may be a bit harsh. You are never prepared without taking practice exams. And, the only way to do well in the final exam is to take 4-6 practice exams that include the syllabus of the MCAT exam. Make sure that the course you are going to take includes practice exams. It will help you assess yourself. To take the practice exams, you need to read the suggested books without any time limit. It helps you get a higher score in the final exam as well.

5. Check If the Course Is Budget-Friendly:

You must consider your financial ability before taking any course. The MCAT prep course is pretty expensive. Yes, there are discounts on some courses but they don’t provide the discount all the time. However, as you have your own priorities and that is why you are planning to take the MCAT prep course, course fees should not be a barrier. But, make sure not to pick the cheapest one hastily as not all the courses are equal. Try to find the best one within your financial limit offered by a reputed training organization.

 

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Best Travel Quotes That will Motivated You to Traveling!

Best Travel Quotes

Are you planning for a vacation with your friends? Are you in a dilemma regarding which place can be your perfect holiday spot? Well, there are so many places to explore in the world that you just cannot even imagine. If you are a travel freak, I believe that you must have already explored famous places across the globe. But there are some less popular places as well that may not be on the agenda of the top visiting places, still the perfect spots to spend your holidays.

How can you decide your holiday spot?

It is really understandable that how difficult it is to decide on a holiday place, especially when you are going in a group. Everyone in the group has his own choice, and it is just next to impossible to settle down on a particular spot. So, if you are planning for a holiday destination, it is advisable that you first decide among yourselves whether you want to go to the hillside, seaside or countryside. By this decision, you can now figure out the available spots in your chart.

Finally, considering the other important factors, you can settle down for a particular place. The other things should include factors like how many days want to spend, type of food you want to have, climatic condition, weather forecast, things to enjoy, nearby attractions, places to visit like horse racecourse. Like the ones, you watch on TVG.

Let’s find out some famous quotes on traveling just for you!

1. Travel makes one modest; you see what a tiny place you occupy in the world. – Gustave Flaubert

2. Travel is fatal to prejudice, bigotry, and narrow-mindedness. – Mark Twain

3. Man cannot discover new oceans unless he dares to lose sight of the shore. – Andre Gide

 

4. Not all those who wander are lost. – J.R.R. Tolkien

 

5. I see my path, but I don’t know where it leads. Not knowing where I’m going is what inspires me to travel it. – Rosalia de Castro

6. Travel is a new experience that can transport you out of your everyday routine to create memories with the ones you love. – Brian Chesky

7. One’s destination is never a place, but a new way of seeing things. – Henry Miller

8. Once the travel bug bites, there is no known antidote, and I know that I shall be happily infected until the end of my life. – Michael Palin

9. Not until we are lost do we begin to understand ourselves. – Henry David Thoreau

10. The world is a book and those who do not travel read only a page. – Saint Augustine

 

What should you take care of while planning your vacation?

  • Organizing the Stuff Carefully

It is important that you pack all the stuff carefully to avoid any a headache during the journey. If you are planning for a vast range of activities, it means that you need to have the essential gears with you. And as we all know that it is quite challenging to organize everything properly to ensure that you do not have to go mad searching for your gears to complete the activities/adventures you have planned for. Packing is a headache, especially when you have plans for a long holiday.

  • Booking the Tickets

When you are planning for a trip, it is important that you make the travel bookings at the initial stage. If you do not book the car rentals and train tickets from beforehand, it’s quite possible that you have to end up your trip due to lack of proper traveling facilities.

  • Healthcare Facilities

It is important to take care of your health during the travel so that you do not fall sick and mess up your plans. You can go for the travel insurance that comes at low prices. Also, get in touch with the Disease Control and Prevention Centre in your country for comprehensive travel medicines, vaccines, and travel-related information.

  • Double check the personal items
  • Collect the important items – Cash, travel documents and credit cards

Travel Security

Pickpocket is one of the common issues that are faced by travelers, especially in large cities. You can keep your luggage safe by hiding them and always keeping a close observation. You can also stash your important valuables underneath your dresses or clothing. Locking the bags and making use of reflective accents can also help a lot. Some of the common safety travel essentials include the following:

  • Luggage travel clock
  • Mini flashlight
  • Leg wallet
  • Incognito money belt
  • Luggage accessories
  • Reflective clothing
  • Hidden pockets
  • Undercover stash for cash and credit cards
  • Neck wallet

Conclusion

You can make your vacation a perfect one only if you take care of the essential minute details. It is advisable that you double check the important factors to make sure that you enjoy a headache-free vacation with your loved ones.

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IT – Information Technology Quotes to Stay Energetic During the Rough Days!

Information Technology Quotes

Information technology is an exciting field that demands to work together with people and computer. This is a fast-paced field where you need to adapt to changes frequently to ensure that you manage to strive in this competitive world. If you are looking forward to making a career in IT job, it is essential that you prepare for it and understand the basics.

You need to understand whether you are a perfect fit for IT world

It is quite possible that even you have not given any thought about it, but still, you are now inclined towards the IT work. If you are using a computer and do more than just simple games, homework and chit-chat with friends, then definitely this is for you. If you casually keep on browsing the internet, then believe me this is a right job field for you.

The IT Career involves a lot of experimentation and puzzles. This makes it a perfect option for individuals who like solving problems and making connections. You should know how to work in an independent manner, which means you need to have the ability to solve your own issues and keep on pushing yourself further for improvement.

You need to identify your own passion and work vigorously on it

As we all know that IT is a huge field and so it is essential that you focus on a specific sector. For example, if you have a love for computer games, simply focus on it. And make sure that you look for jobs related to “IT computer gaming careers.”

Establish the right connections

If you are just planning to enter the Information Technology sector, it is advisable that you approach the IT gurus who can help you to know the inside-out of this field. Of course, eminent it Guru will not love to assist you, so it is essential that you try to find out someone who is already into this professional network and can help you to understand the basics of the field you prefer to choose. If anyone in your circle is already working in IT, especially in your field, then go ahead and talk to him about the important related factors over a cup of coffee.

Let’s find out some IT career related quotes that will motivate you further:

1. The truth is that our finest moments are most likely to occur when we are feeling deeply uncomfortable, unhappy, or unfulfilled. For it is only in such moments, propelled by our discomfort, that we are likely to step out of our ruts and start searching for different ways or truer answers. ― M. Scott Peck

2. Start by doing what is necessary, then what is possible, and suddenly you are doing the impossible. ― Francis of Assisi

3. Go confidently in the direction of your dreams! Live the life you’ve imagined. – Henry David Thoreau

4. A good manager is a man who isn’t worried about his own career but rather the careers of those who work for him. ― H. S. M. Burns

5. I’ve missed more than 9000 shots in my career. I’ve lost almost 300 games. 26 times, I’ve been trusted to take the game winning shot and missed. I’ve failed over and over and over again in my life. And that is why I succeed. ― Michael Jordan

6. The biggest mistake that you can make is to believe that you are working for somebody else. Job security is gone. The driving force of a career must come from the individual. Remember: The company owns jobs, you own your career! ― Earl Nightingale

7. The only way to do great work is to love what you do. If you haven’t found it yet, keep looking. Don’t settle. – Steve Jobs

8. If the career you have chosen has some unexpected inconvenience, console yourself by reflecting that no career is without them. – Jane Fonda

9. A good manager is a man who isn’t worried about his own career but rather the careers of those who work for him. – H. S. M.

10. It is not the strongest or the most intelligent who will survive but those who can best manage change. – Charles Darwin

Motivational quotes by eminent people are really helpful, and they can serve you like compassion on your rough days. In the IT world, it is a real challenge to establish yourself as a successful individual. You might face several rough days accompanied by good days as well. But it is essential to keep up during this rough period to shine one day. But many individuals fail to manage, and hence prefer to give up.

For those, the enlisted quotes on IT career will serve as a cup of strong coffee that will help to get back the drained-out energy once again. For more such quotations, you can stay in tune with us.

 

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