Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / m.uma shankar
Definition : Pay roll Savings Scheme is an arrangement under
which an employee voluntarily authorized the employer to
deduct from his salary every month a fixed amount for
deposit in various savings schemes of the Post Office. It
was introduced in 1958 in private section undertakings and
extended to Government offices in May, 1962. The amended
section of the Wages Act permits the employers to deduct the
agreed amount from the wages/salaries of the employees and
invest the same in the National Savings Securities as
desired by them under this Scheme.
| Is This Answer Correct ? | 3 Yes | 0 No |
Post New Answer View All Answers
How software program for private equity is helpful?
What are the different schemes launched by the government to eradicate poverty?
What are the most essential qualities of a Banker?
Explain the difference between the convertible and non-convertible debenture?
What Are Various Services Provided By A Commercial Bank?
What is a Bill of Lading?
Name the organization that regulates RRBs in India?
Differentiate between GDP and GNP?
What do you know about Regional Rural Banks? How many RRBs are there in the country?
Do you have interest in sports? If yes, which is your favorite sport?
What Is Charge-off?
What Is Reported As Property, Plant And Equipment?
What are mutual funds? Why are mutual funds better than stocks?
Tell us something important to you?
What is budgetary deficit?
