Money Saving Tips for TCS Employees

Introduction

• Importance of the video for current TCS employees.
• Encouragement to subscribe to the channel for updates.

Hack 1: Utilize TCS Gym Facilities

• Long Working Hours:
  • Employees typically sit in front of the computer for 12-16 hours daily (work and personal projects).
• Importance of Exercise:
  • Engage in activities like walking, running, gym workouts, badminton, tennis, cricket, etc.
• TCS Gym Facilities:
  • TCS campuses (Pune, Hyderabad, Noida, Nagar, etc.) have gyms and sports facilities available at no cost.
  • Many employees spend around ₹3000/month on external gym memberships.
  • Accessing Facilities:
    • Visit the campus reception/security to inquire about amenities.
    • Obtain a medical fitness certificate from the TCS doctor, who conducts check-ups on campus.
    • Register for gym or sports slots online.
    • Planning Visits:
      • Suggestion to book slots in advance to avoid crowding.
      • Opportunity to save up to ₹3000 by utilizing free facilities.

Hack 2: Increase Voluntary Provident Fund (VPF) Contribution

• Current PF Contribution:
  • Fixed amount of 12% of basic salary is deducted.
• VPF Option:
  • Employees can increase their VPF contribution via the tax and benefits portal in GSS.
  • VPF currently offers 8.1% interest, which is safer compared to other investment options (e.g., fixed deposits, stock market).
• Suggested Strategy:
  • Consider allocating up to 90-100% of basic salary towards VPF.
  • Example of a friend who allocated 50% of her salary to VPF to enhance savings.

Conclusion

• Encouragement to implement the discussed money saving hacks.
• Reminder to stay healthy and fit.
• Call to action: like and share the video, and subscribe to the channel for more tips.