Geojit ties-up with UTI Mutual Fund
Geojit Financial Services has entered into an agreement with UTI Mutual Fund for providing its employees a retirement planning opportunity through UTI Retirement Benefit Pension Fund.
By PTI |
MUMBAI: Geojit Financial Services has entered into an agreement with UTI Mutual Fund for providing its employees a retirement planning opportunity through UTI Retirement Benefit Pension Fund.
As per the agreement, Geojit Financial Services employees will contribute a minimum amount of Rs 500 toward UTI retirement benefit pension fund up to the age of 55 years so as to enable them to receive pension in the form of peridical income/cashflow after they reach the age of 58 years, a press release issued here today said.
"As a financial services company we have to show the way and help our employees prepare for their future retirement. UTI Retirement Benefit Pension Fund is a notified pension fund with tax benefits under Section 80 C of the Income Tax Act," Geojit Financial Services' Managing Director C J George, said.
As per the agreement, Geojit Financial Services employees will contribute a minimum amount of Rs 500 toward UTI retirement benefit pension fund up to the age of 55 years so as to enable them to receive pension in the form of peridical income/cashflow after they reach the age of 58 years, a press release issued here today said.
"As a financial services company we have to show the way and help our employees prepare for their future retirement. UTI Retirement Benefit Pension Fund is a notified pension fund with tax benefits under Section 80 C of the Income Tax Act," Geojit Financial Services' Managing Director C J George, said.
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