Government Yojana

How to Save Money on Medicines and Lab Tests – Easily

March 8, 2018 by Abhishek Leave a Comment

Today I am going to tell you that how to save money on medicines and lab tests easily.

Instead of spending too much money as prescribed by your doctor, we can easily save money on medicines and lab tests. For that we just need to find the right substitute and ask our doctor to write that substitute instead of writing a costly medicine.

However finding a right substitute is not easy you can search many sites but you can’t trust on them.

Let’s get back to the question to save money on medicines we have two ways either to purchase generic medicines from Jan Aushadhi Stores or finding out the substitute and requesting the doctor to write the substitute.

To find the generic medicines go to Jan Aushadhi Store site

Click on Products, if you click on Price Benefits it will show you how much you are saving

On this page you will be able to find and search the medicine name which is available, however its little bit complicated and you might need help from the Jan Aushadhi Store people to let you know the correct medicine as we don’t know which salt is used in that medicine.

However If you look closely on Generic Name of the medicines you can see the salt used as well and you can check the medicine wrapper to see that if it matches.

To find the store from where you can purchase these medicines of low prices. Click on Stores

You can easily search state wise or city wise, even you can contact them

Because I have seen even if you know the substitute the medical store people will not give you the medicine until and unless its prescribed by your doctor.

I basically use 1mg to find the right substitute and then I request the doctor to prescribe it and write on my medical paper, Which later on I purchase from any medical shop and save money.

There is a mobile app also available for 1mg which you can use.

To save money of Lab tests I generally use 1mg or thyrocare site to book my tests. It’s always good to go for the plans in which you can get multiple tests with cheap prices

You will see a lot huge difference in prices.

Please check my complete video to find out that how I find the substitute of any medicine.

Pradhan Mantri Vaya Vandana Yojana – PMVVY – Details, Benefits, Eligibility & How to Apply – In Hindi

July 22, 2017 by Abhishek Leave a Comment

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Pradhan Mantri Vaya Vandana Yojana – PMVVY its Details, Benefits, Eligibility & How to Apply this is what I am going to explain you in Hindi.

Government of India has announced Pradhan Mantri Vaya Vandana Yojana for citizen age 60 years and above. The scheme shall be available for one year from date of launch from May 4, 2017 to May 3, 2018.

Advantages :

1. Pension Payment :
On survival of the Pensioner during the policy term of 10 years, pension in arrears (at the end of each period as per mode chosen) shall be payable.

2. Death Benefit:
On death of the Pensioner during the policy term of 10 years, the Purchase Price shall be refunded to beneficiary.

3. Maturity Benefit:
On survival of the pensioner to the end of the policy term of 10 years, Purchase price along with final pension instalment shall be payable.

Eligibility :
Minimum Entry Age: 60 years (completed)
Maximum Entry Age: No limit
Policy Term : 10 years

Minimum Pension: Rs. 1,000/- per month
Rs. 3,000/- per quarter
Rs.6,000/- per half-year
Rs.12,000/- per year

Maximum Pension: Rs. 5,000/- per month
Rs. 15,000/- per quarter
Rs. 30,000/- per half-year
Rs. 60,000/- per year

Payment of Purchase Price:
The scheme can be purchased by payment of a lump sum Purchase Price. The pensioner has an option to choose either the amount of pension or the Purchase Price.

The minimum and maximum Purchase Price under different modes of pension will be as under:

Mode of Pension Minimum Purchase Price Maximum Purchase Price
Yearly                         Rs. 1,44,578/-                              Rs. 7,22,892/-
Half-yearly                Rs. 1,47,601/-                              Rs. 7,38,007/-
Quarterly                   Rs. 1,49,068/-                             Rs. 7,45,342/-
Monthly                     Rs. 1,50,000/-                             Rs. 7,50,000/-

The Purchase Price to be charged shall be rounded to nearest rupee.

Mode of pension payment:
The modes of pension payment are monthly, quarterly, half-yearly & yearly. The pension payment shall be through NEFT or Aadhaar Enabled Payment System.

First Instalment:

The first instalment of pension shall be paid after 1 year, 6 months, 3 months or 1 month from the date of purchase of the same depending on the mode of pension payment i.e. yearly, half-yearly, quarterly or monthly respectively.

Example
Sample Pension rates per Rs.1000/- Purchase Price
The pension rates for Rs.1000/- Purchase Price for different modes of pension payments are as below:
Yearly: Rs. 83.00 p.a.
Half-yearly: Rs. 81.30 p.a.
Quarterly: Rs. 80.50 p.a.
Monthly: Rs. 80.00 p.a.

Surrender Value:
The scheme allows premature exit during the policy term under exceptional circumstances like the Pensioner requiring money for the treatment of any critical/terminal illness of self or spouse. The Surrender Value payable in such cases shall be 98% of Purchase Price.

Loan:
Loan facility is available after completion of 3 policy years. The maximum loan that can be granted shall be 75% of the Purchase Price.

The rate of interest to be charged for loan amount shall be determined at periodic intervals. For the loan sanctioned in Financial Year 2016-17, the applicable interest rate is 10% p.a. payable half-yearly for the entire term of the loan.

Loan interest will be recovered from pension amount payable under the policy. The Loan interest will accrue as per the frequency of pension payment under the policy and it will be due on the due date of pension. However, the loan outstanding shall be recovered from the claim proceeds at the time of exit.

Trial period:
If a policyholder is not satisfied with the “Terms and Conditions” of the policy, he/she may return the policy to the Corporation within 15 days (30 days if this policy is purchased online) from the date of receipt of the policy stating the reason of objections.

The amount to be refunded within free look period shall be the Purchase Price deposited by the policyholder after deducting the charges for Stamp duty and pension paid, if any.

Exclusion:
Suicide: There shall be no exclusion on count of suicide and full Purchase Price shall be payable.

Note : Ceiling of maximum pension is for a family as a whole i.e. total amount of pension under all the policies allowed to a family under this plan shall not exceed the maximum pension limit. The family for this purpose will comprise of pensioner, his/her spouse and dependants.

How to Apply Online
1. Go to website http://www.licindia.in/
2. Click on Buy Policies Online (Select Pradhan Mantri Vaya Vandana Yojana)
3. Now on next page click on buy online
4. Fill the details
5. Generate Access ID
6. Fill Access ID on right side of page in Enter Access ID Box.
7. Read the plan its features and documents required
8. Click on proceed
9. Fill all the details and submit the form.
10. Pay payment Online.
11. Download the proposal form and submit with documents in any LIC office.

List of Documents Required
1. Proof of Residence
Passport
PAN card
Letter from any recognized Public authority
Electricity Bill
Ration card
Valid lease agreement along with rent receipt, which is not more than three months
Employer’s certificate as a proof of residence (Certificates of employers who have in place systematic procedures for recruitment
along with maintenance of mandatory records)
2. Proof of Identity
Telephone Bill
Bank Account Statement
voter ID
Driving License
3. Proof of Income (If premium is Rs 100000/- or more)
Income Tax assessment orders/income Tax Returns
Employer’s Certificate
Charted Accountant’s Certificate
Agricultural Income Certificate
Agricultural land details & Income assessments
Bank Cash-flow statements, Pass Book
4. Proof of Age
Passport
PAN Card
Aadhar-UIDAI with full Date of birth
Municipal Birth Certificate
School/College Certificate giving DOB
Defence personnel Identity Card
Driving License
5. EE Coloured Photograph (Passport Size)
6. Cancelled Bank Cheque leaf
7. EE Signed Proposal Form

Disclaimer: Above data has been taken for informative and education purposes.

Please watch the complete video for proper understanding.
If you like my video please make me happy by sharing it on social media and subscribing my YouTube channel

What is the UJALA scheme – Details – Explained – In Hindi

June 1, 2017 by Abhishek Leave a Comment

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What is the UJALA scheme this is what I am going to explain you in Hindi in details.

Unnat Jivan by Affordable LEDs and Appliances for All (UJALA) scheme aims to promote efficient use of energy at the residential level; enhance the awareness of consumers about the efficacy of using energy efficient appliances and aggregating demand to reduce the high initial costs thus facilitating higher uptake of LED lights by residential users.

A simple act of change of one light bulb to LED. The initiative is part of the GOI efforts to spread the message of energy efficiency in the country which is very beneficial to reduce global warming effects and fulfils the promise of Green energy up to some extent as reducing the usage of electricity.

It may be noted that the scheme was initially labelled DELP (Domestic Efficient Lighting Program) and was relaunched as UJALA.

Every domestic household having metered connection is eligible for this scheme. The consumer can purchase the LED on EMI payment (monthly/bimonthly instalments in electricity bill) or on upfront payment by paying the full amount.

Documents Required
1. Taking Bulbs on EMI – Copy of latest electricity bill and copy of Government authorized ID proof
2. Purchasing directly without EMI – Copy of Government authorized ID proof.

From where to purchase
UJALA LED bulbs are being distributed through special counters (kiosks) set up at designated places in a city.
You can check the list of Kiosk centres in your city by directly going to the site below, you can check my video in which I have shown how to check Kiosk centre in your city

Main Website : http://www.ujala.gov.in

LED bulbs provided by the government is around 60% cheaper than normal LED bulbs if you purchase from normal market.

Priced between INR 75- INR 95 per LED bulb however it may vary from state to state due to VAT, administrative costs, awareness and distribution costs.

Warranty
LED bulbs provided are coming with three years replacement warranty.

Register Complain
Use Twitter handle @EESL_India
Email Address: info@eesl.co.in
Use below form
http://www.ujala.gov.in/forms/consumer-feedback.aspx

Please watch the complete video for proper understanding.

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How to submit FATCA or CRS Declaration form for NPS(National Pension System)-Live Demo-In Hindi

May 31, 2017 by Abhishek Leave a Comment

How to submit FATCA or CRS Declaration form Online for NPS (National Pension System) this is what i am going to show you live demo and will explain you in Hindi.

What is FATCA and CRS this I have already explained you in Hindi here

Note : All those people who have NPS account opened on or after July 1, 2014 will have to mandatory submit the FATCA self-declaration. This can be done easily by online although offline method is also available but its mandatory to do it online now even if you have submitted /sent the physical Self-Certification form to CRA.

Follow the steps given below for online Self-Certification:
1. Log-in to your NPS account (please visit www.cra-nsdl.com)
2. Click on sub menu “FATCA Self-Certification” under the main menu “Transaction”
3. Submit the required details under “FATCA/CRS Declaration Form”
4. Click on “Submit”
5. You are requested to read and tick “Declaration & Authorization by all customers”
6. Click on “Confirm”
7. Enter OTP received on your registered mobile number.
8. After Authentication through OTP, Acknowledgment for the completion of FATCA Self-certification will be displayed.

Above Information available in below link
https://www.npscra.nsdl.co.in/FATCA-Self-Declaration.php

Note: You are required to submit physical FATCA Self-certification form to your Nodal Office or CRA if your Birth Place, Citizenship and Residence for the Tax Purposes is other than India or you are an US person.

The form is required to be submitted to Central Recordkeeping Agency (CRA) for NPS at the following address: NSDL e-Governance Infrastructure Limited, 1st Floor, Times Tower, Kamala Mills Compound, Senapati Bapat Marg, Lower Parel, Mumbai – 400 013
In case you require any clarification or assistance with respect to the above, please contact Ms. Ranjana Chavan / Ms. Mamta Jadhav at 022-40904242.
Please mention “Self-Certification – FATCA/CRS Declaration Form” on top of the envelope

Disclaimer: Above data has been taken for informative and education purposes.

Please watch the complete video for proper understanding.

If you like my video please make me happy by sharing it on social media and subscribing my YouTube channel

How to contribute in NPS (National Pension System) – Live Demo – Step by Step – Explained – In Hindi

May 30, 2017 by Abhishek Leave a Comment

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How to contribute in NPS (National Pension System) this is what i am going to show you live demo, a step by step explanation in Hindi.

In my last videos related to NPS i have already explained how to open NPS account online, How to Login into your NPS account, what are different types of forms we can use for any changes in our account and in my last video i have explain how to file Online FATCA declaration form.

There are two ways to contribute manually\online method in NPS, first by on login into your account by your credentials and inside your dashboard you can easily contribute, second on the home page itself you will get contribute button.

Today i will show you contribute directly without login in NPS account, you only need your PRAN number and Date of birth for contribution.

Main Website to login and Contribute Online
https://enps.nsdl.com/eNPS/NationalPensionSystem.html

Please watch the complete video for proper understanding.

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Kisan Vikas Patra (KVP) – Details – Explained – In Hindi

May 26, 2017 by Abhishek Leave a Comment

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What is Kisan Vikas Patra (KVP) this is what i am going to explain you in details in Hindi.

Kisan Vikas Patra is a saving certificate scheme which was first launched in 1988 by India Post.
Government of India decided to close this scheme thought of people can misuse this and KVP was closed in 2011 and the new government relaunched it in 2014.

After relaunching it in 2014 PAN number become mandatory if invested amount is greater than Rs. 50000

Eligibility
1. Candidate must be an adult and Indian Resident.
2. HUFs (Hindu Undivided Family) and NRI are not eligible to invest in this.
3. Applicant can apply this on his own name or on behalf of minor.
4. Two adults jointly
5. Trusts are eligible to invest.

Benefits of Kisan Vikas Patra
1. Amount Invested matures in 113 months. (As per current ROI in May 2017)
2. Rate of Interest 7.6%. (Current May 2017 – Check link for latest ROI https://www.indiapost.gov.in/Financial/Pages/Content/KVP.aspx)
3. Certificate can be purchased by an adult for himself or on behalf of a minor or by two adults.
4. KVP can be purchased from any Departmental Post office.
5. Facility of nomination is available.
6. Certificate can be transferred from one person to another and from one post office to another.
7. Certificate can be encashed after 2 & 1/2 years from the date of issue.

Kisan Vikas Patra is available in denominations of Rs 1,000, 5000, 10,000 and Rs 50,000
Minimum Deposit will be Rs.1000 and we have no maximum limit.

Deduction under section 80C is not allowed on this investment. TDS is not deductible on Interest on KVP.

Documents Required:
Investor will have to undergo Know Your Customer (KYC) formalities at the time of application.
Investor should have to submit the following documents for identity:
1) Passport size photo
2) Identity Card any one of the following i.e. Election card, Ration Card, Passport, Driving License, etc.
3) Address Proof any one of the following i.e. Light bill, Telephone bill, Bank passbook etc.
4) Copy of PAN card is necessary if investment is above Rs. 50,000/-.

Kisan Vikas Patra (KVP) is available in Post Offices. In future, KVP might be available in banks which will be authorized for handling small savings schemes.

Please watch the complete video for proper understanding.

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