Latest news with #VoluntaryRetirementScheme
News18
4 hours ago
- Business
- News18
How To Start A Senior Citizen Savings Account: Step-By-Step Guide
Launched by the Government of India in 2004, the scheme allows a maximum deposit of Rs 30 lakh. As individuals grow older, securing financial stability becomes more important than ever. One dependable way to safeguard your future is by investing in the Senior Citizens Savings Scheme (SCSS), a government-backed savings option designed specifically for those aged 60 and above. More than just a regular bank account, SCSS acts as a financial safety net during your retirement years, offering higher interest rates, exclusive banking benefits, and the peace of mind that comes with stable returns. Launched by the Government of India in 2004, the scheme allows a maximum deposit of Rs 30 lakh, with an initial tenure of 5 years, extendable by an additional 3 years upon maturity. Early retirees aged 55 to 59 who have opted for Voluntary Retirement Scheme (VRS) or superannuation, as well as retired defence personnel aged 50 to 59, are also eligible to open a Senior Citizens Savings Scheme (SCSS) account. Accounts can be opened individually or jointly with a spouse, with deposits capped at Rs 30 lakh per individual. You can open an SCSS account at any post office or at authorised public and private sector banks across India. Step 4: Complete the application form and submit the required documents. Step 5: Deposit the minimum required amount, usually ranging from Rs 500 to Rs 5,000 depending on the bank. Step 6: Once the account is opened, enjoy benefits like higher interest rates, priority service, free chequebooks, and more. Senior Citizen Saving Scheme: Documents required Two passport-size photographs A PAN card is mandatory. ID proof (Aadhaar card, passport, driving license issued by the Regional Transport Authority, voter ID card, and job card issued by NREGA, signed by the state government officer) Proof of address, such as electricity bills or telephone bills. Age proof, like a birth certificate or senior citizen card. If the investor is less than 60 years old, he/she will require a certificate from the employer indicating the details of retirement on superannuation or otherwise, employment held, retirement benefits, and the period of such employment with the employer. First Published: July 22, 2025, 10:45 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
News18
2 days ago
- Health
- News18
TTD Suspends Four Employees For Practising Non-Hindu Faiths
TTD confirmed it suspended four of its employees over allegations that they practised other faiths and said these employees violated the institution's code of conduct. The Tirumala Tirupati Devasthanams (TTD), the official body governing the revered Sri Venkateswara Swamy temple in Tirumala of Andhra Pradesh's Chittoor district, has suspended four employees for allegedly being non-Hindus and practising other religions. The temple body suspended Deputy Executive Engineer (quality control) B Elizar, staff nurse of BIRRD Hospital, S Rosi, grade-1 pharmacist of BIRRD Hospital, M Premavati and G Asuntha from SV Ayurveda Pharmacy. In an official statement, TTD confirmed it had suspended four of its employees on the grounds of allegations that they practised other faiths and said these employees violated the institution's code of conduct and acted irresponsibly in their duties while representing and working for a Hindu religious organisation. After examining the report submitted by the TTD Vigilance Department and other evidence, departmental action was taken against them as per the rules and the four employees were immediately suspended, the TTD further said. On May 20, the TTD trust board, under the leadership of Chairman B.R. Naidu, passed a resolution to ensure that no non-Hindus are present in any of the institutions managed by the TTD. The non-Hindu employees were transferred to other government departments or offered Voluntary Retirement Scheme (VRS). In an official statement on Tuesday, the TTD said Rajasekhar Babu was found participating in church prayers every Sunday, an act deemed to be in violation of the organisation's norms. 'It is nothing but a violation of TTD norms as he has not followed the code of conduct of the TTD as an employee of the organisation, and has acted irresponsibly as an employee representing a Hindu religious organisation," the temple trust stated. view comments First Published: July 20, 2025, 08:14 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
The Hindu
20-06-2025
- Business
- The Hindu
RINL-VSP issues second VRS offer to downsize staff further
The Rashtirya Ispat Nigam Limited (RINL), the corporate entity of Visakhapatnam Steel Plant (VSP), has issued the second notification on the Voluntary Retirement Scheme, as part of its objective of rationalising manpower, achieving optimum human resource utilisation, cost reduction and improved productivity. As per a circular, employees who have completed at least 15 years of service in the RINL and have attained the age of 45 are eligible to apply for the VRS-2 in online mode by July 15. The window for the withdrawal of applications will remain open until July 18. 'At least 700 employees, some of them rejected in the VRS-1 process, have applied for VRS-2. Many of them do not want to work in the current condition of the plant. In the VRS-1 process, applications of about 400 employees were rejected,' said an RINL-VSP official, on the condition of anonymity. According to sources, when the strategic sale of the steel plant was announced by the Centre in the 2020-21 financial year, there were about 17,000 regular employees and 15,000 contract employees, totalling 32,000. By March 2025, the total regular employees of the plant were 12,116, of which 3851 were executive and 8265 were non-executive. As on August, 2025, the total regular employees will be 10,267. These will include 3,083 (J-0 to E-9 grade) executives. There will be no employees in the grades E-0 and E-9. Similarly, the number of non-executive employees will be 7,184 (S-1 to S-11). There will be only two employees in the grade S-1. Therefore, the number of total regular employees will come down from 12,116 in March to 10,267 in August. The number of employees who have left the plant is 1,849, including 1,100 VRS-1 confirmed staff. Apart from this, at least 50 to 100 employees superannuate every month. In August 2025, a total of 92 employees, including 37 executives and 55 non-executives, will retire. From August 2025 to June 2026, a total of 764 employees, including 202 executives and 562 non-executives, will retire. In June 2026, a total of 125 employees will retire. At least 12 to 15 young employees have resigned in the last one year. Around 350 executives and more than 300 non-executives resigned. Pending salaries, delayed promotions, curtailing house rent and perks, no wage revision and increased workload were the major reasons for the mass resignations of the young staff, sources said.
NDTV
20-05-2025
- Politics
- NDTV
Tirumala Tirupati Temple To Use Anti-Drone Technology For Security
Tirupati: The Tirumala Tirupati Devasthanam (TTD) has decided to use anti-drone technology in view of the threat perception to Sri Venkateswara temple, the world's richest Hindu temple. The TTD announced on Tuesday that it had decided to use anti-drone technology, keeping in mind the security aspect of the Tirumala temple. The decision was taken at the TTD Trust Board meeting presided over by Board Chairman B. R. Naidu. Flying of drones is banned around the hill shrine, but some instances of security breaches have been reported in recent months. Last month, a YouTuber from Rajasthan was arrested when he operated the drone, allegedly recording the temple and its surroundings. In a similar incident last year, a couple from Haryana were found using a drone camera along the Tirumala ghat road. In March, the TTD urged the Centre to declare a no-fly zone over the hill shrine. The TTD Chairman wrote a letter to Union Aviation Minister K. Ram Mohan Naidu, requesting that Tirumala be declared a no-flying zone, keeping in mind the principles of Agama Shastra, sanctity of the temple, safety, and sentiments of the devotees. The TTD says that aerial activities on the hill disturb the sacred atmosphere around the temple. Tuesday's Board meeting gave nod for steps towards the transfer of non-religious people working in the TTD through alternative ways or by giving them the Voluntary Retirement Scheme. The temple body also decided to take legal action against the crew of the movie "DD Next Level: for remixing the Govinda Namavali, thus hurting the sentiments of the devotees. The Board decided to increase the green cover in the Tirumala hills. The board gave its nod to increase the green cover in the Tirumala hills from the existing 68.14 per cent to 80 per cent through the Forest Department as directed by Chief Minister Chandrababu Naidu. The TTD decided to release Rs 4 crore to the Forest Department in phased manner, including Rs 1.74 crore for the year 2025-26, Rs 1.13 crore in 2026-27, and Rs 1.13 crore in 2027-28. The Board gave its approval to provide an additional Rs 71 crore per year in addition to the current Rs 60 crore financial aid provided to the SVIMS Super Specialty Hospital, which is providing better medical services to many poor and needy people in Rayalaseema. It was also decided to recruit doctors, nurses, and paramedical staff for the posts which are currently vacant in SVIMS and to complete the buildings which are under construction. The Board decided to introduce Srivari Vaidya Seva soon on the lines of Srivari Seva voluntary service, inviting experts in the medical field to offer services to the patients.
Hindustan Times
20-05-2025
- Politics
- Hindustan Times
Tirupati temple board clears plan for transfer, VRS to non-Hindu employees
HYDERABAD: The Tirumala Tirupati Devasthanams (TTD) on Tuesday decided to transfer non-Hindus who work at various institutions run by the board to other Andhra Pradesh government departments or ask them to opt for its voluntary retirement scheme, a senior board official said. TTD executive officer J Shyamala Rao told reporters that the trust board, which met at Annamayya Bhavan in Tirumala, had decided that its institutions should not have any non-HIndus on its rolls. TTD is the official custodian of Sri Venkateswara temple in Tirupati. 'The trust board approved the decision to take steps towards the transfer of non-Hindu employees working in the TTD to other government departments through alternative ways or by offering them Voluntary Retirement Scheme (VRS),' Rao said, while briefing reporters about the board's resolutions. According to the TTD records of 2021, the board had about 40 non-Hindu employees at its institutions. Tuesday's decision by the board comes months after TTD initiated disciplinary action in February this year against 18 non-Hindu employees for continuing to take part in non-Hindu religious activities. The order barred the 18 employees – all Christians who worked as lecturers, hostel workers, office subordinates, engineers, helpers, nurses and other paramedical staff in various institutions run by TTD – from attending all religious and spiritual events organised by the board. None of them worked in the main Tirumala temple that attracts nearly 70,000 devotees every day and is considered one of the main nodes of Hindu pilgrimage spots. At the time of joining TTD institutions, employees take an oath that they will follow the Hindu dharma and Hindu traditions only, and that they will not follow non-Hindu religious activities in compliance with Rule 9 (vi) of the Service Rules issued in No. 1060 Revenue (Endowments-1), dated October 24, 1989.
