Difference between National Pension Scheme and Atal Pension Yojana

by | Jan 12, 2021 | pension plans

Making the right decision during your retirement days is very important. The government has several pension plans lined up for you which will help you in your retirement days. The National Pension Scheme and the Atal Pension Yojana are two schemes to ensure financial security during your retired life.

FeaturesNPSAtal Pension Yojana
The age of joiningNPS has an entry age of a minimum of 18 years while the maximum is 55 years.Atal Pension Yojana has the entry age 18 years and the maximum age being only 40 years.
Who can take the planNPS allows investors who are citizens of India as well as NRIs to invest in the scheme.Atal Pension Yojana states that only a resident of India can invest in this plan
Pension particularsWhile the NPS doesn’t guarantee a pension post retirement.Atal Pension Yojana provides you with a guaranteed pension after retirement.
Tax BenefitNPS provides investors of this scheme a tax rebate of up to Rs. 2 lakhs.The Atal Pension Yojana doesn’t provide the applicant with any tax benefits
Premature WithdrawalOnly Tier 2 accounts will allow premature withdrawals.Under the Atal Pension Yojana you will not be allowed to withdraw the money invested prior to the term end. In case of the unfortunate demise of the investor, or the investor has a medical condition that withdrawal may be considered.
Type of accountNPS provides investors the choice of 2 types of accounts, Tier 1 and Tier 2.Atal Pension Yojana, provides investors with just one account.
InvestmentsNPS provides investors options in which he/she can choose to invest their money.Atal Pension Yojana does not give you the option of choosing the investment of your choice.
Government ContributionNPS does not provide government support, all contributions made will be done by the investor only.With the Atal Pension Yojana, the government does provide the investor some monetary support.

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Pension Plans

Pension Plans

by | Jan 12, 2021 | Banking & Finance

Pension Plans

Say goodbye to your retire life worries and say hello to happiness by choosing an apt pension plan here.

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Retirement days are meant to be spent with family and friends. To have a comfortable and secure retirement, you need to build the financial support that will fund it all.  Planning for retirement is an arduous task but an important one too.

There are both private and government players to cushion the financial needs of the individuals. Consumer VOICE analyses the top schemes from time to time to help you choose a better retirement plan.

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  Which is the best pension plan?

Articles

Making the right decision during your retirement days is very important. The government has several pension plans lined up for you which will help you in your retirement days.

National Pension Scheme or NPS scheme is an initiative of the government of India. It is a contribution-based pension scheme that allows a person to create a retirement corpus.

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Best convection microwave oven

Best convection microwave oven

by | Jan 8, 2021 | Microwave

Microwave ovens have become an inevitable kitchen appliance in Indian homes. It has now become the most sought after kitchen appliance if you want to grill, reheat or bake. It cooks in minutes and saves energy as well.

Microwaves have smart features these days and are user friendly too. However, with the market flooded with so many brands and models, are you smart enough to choose a pocket friendly microwave that suits your requirements? The comparative study is based on the regular-selling brands and models of convection microwave ovens. 

Consumer VOICE shortlisted 13 models of convection-type microwave ovens that provided sufficient information. During convection cooking, hot air is circulated throughout the oven cavity to brown and make crisp foods quickly and evenly. The oven can be programmed for different cooking temperatures.

Better Safe than Sorry

  1. Carefully read the operating manual before starting the microwave oven.
  2. Look for microwave-specific cookware. Never use metal or metal-trimmed utensils in your microwave oven.
  3. Do not operate the oven when empty (except in prep-heat mode). It’s best to leave a glass of water in the oven when not in use. The water will safely absorb all microwave energy if the oven is accidentally started.
  4. Do not operate the oven with a kitchen towel or a napkin; always use gloves when removing the dish from oven.
  5. Do not rinse the turntable by placing it in water just after cooking.
  6. Do not cook eggs in their shell as these will explode.
  7. Do not attempt deep fat-frying in your oven.
  8. Remove the polythene/plastic wrapping from food before defrosting.
  9. If smoke is observed, switch off or disconnect the oven from the power supply and keep the oven door closed.
  10. Liquid or other foods must not be heated in sealed containers.
  11. Do not cover the ventilation slots.
  12. Avoid aluminium foil for cooking wrapped food.
  13. Do not try to repair the oven by yourself. Always take it to an authorised service centre.

A comprehensive comparative study of the top microwave convection ovens has been made by Consumer VOICE experts on capacity, display type, warranty, price, protection and features like child safety lock.

To get the detailed study and comparative report, click here.

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Microwave

Microwave

by | Jan 8, 2021 | consumer durable

Microwave

A microwave can save your energy, time and money and you can churn out dishes quickly which previously looked an arduous task. But, do you know which is the best brand to buy? Know it here.

In a cold winter morning, the best thing you would want is piping hot food. But alas that’s not possible always and here comes a microwave oven to your rescue. It is now not only your mom’s best friend but a best friend of almost every member of the family.

The market is flooded with different types of microwave oven and to cut your task, Consumer VOICE does a time to time survey and review of microwave ovens.

Review and compare

  Best convection microwave oven

We do a meticulous product survey of the top models of microwave ovens to help you choose the best.

Articles

Microwave ovens are a technological wonder that has helped people to survive on frozen or packaged meals. But are these home appliances worth the cost.

Microwave ovens are all about convenience. Whether you want to warm leftovers, make soup, tea or coffee, make instant snacks like popcorn, or cook some kebabs or paneer tikka,

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Consumer VOICE survey on top loading washing machines

Consumer VOICE survey on top loading washing machines

by | Jan 8, 2021 | washing machine

Washing machines, whether top-loading or front-loading, are all about utility and convenience. But that’s not all. Then one would pick up any washing machine from the store and spare oneself the stress of comparing and choosing from the confounding lot of brands and models out there.
Apart from the price (which may range from Rs 5,000 to Rs 80,000), there are factors such as rated capacity, energy efficiency, wash settings and technical features (hot-water wash, child lock, etc.) that are equally important. Before anything, though, there’s the matter of deciding between a top-loading and a front-loading machine, and whether it will be semi or fully automatic.

Consumer VOICE has surveyed 25 regular-selling brands of top-loading washing machines of 6.2 kg–7.0 kg capacity. As per our market study, there are around 500 models of washing machines of various brands in the market, making the choosing and buying process somewhat complicated. So, here is a compilation of all the things you should know before making this essential purchase.

Top loading or Front Loading – Which is the better?

The debate is mostly whether it will be a top loading washing machine or a front loading one. 

A top loading washing machine will use significantly more water and energy for washing the same load as compared to a front loader. Many top loading machines make more noise than front loaders during washing. This is because top loaders create a lot of friction between the clothes due to twisting and turning while washing. The front loaders consume around 50% less power and close to 40% less water as compared to the best top load washers.

The best front load washing machine in India is gentler on your clothes. With less damage per wash, most front load washers promise greater longevity for your clothes. 

While front load washers are more natural in their operation, the top load machines have demanding hardware needs. With more parts, top load washers are more susceptible to breakage. 

 However, there are other factors that are also important before taking the decision to buy a washing machine and the most important one is that of price. Top loaders are cheaper compared to front loading washing machines Consumer VOICE survey of the top loading washing machines will help you take the best decision. 

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