Page 2 - National Pension Scheme

Department of Posts starts providing NPS services through online mode

Department of Posts is now pleased to start providing NPS (All Citizen Model) through online mode with effect from April 26, 2022," the statement said

The NPS challenge

We need to hang in there, to create safety for pensioners and the Indian state

Assets under management of NPS, APY cross Rs 6.99 trn: PFRDA

Total assets under management (AUM) as on January 1, 2022 stood at Rs 6,99,172 crore, PFRDA said

Those joining NPS after 65 yrs of age can take up to 50% equity exposure

Any Indian citizen and Overseas Citizen of India (OCI) in the age group of 65-70 years can also join NPS and continue up to the age of 75 years

Govt approves raising family pension of bank staff under NPS

The families of deceased bank employees will receive up to 30 per cent of the last drawn salary of the employee under the National Pension Scheme (NPS)

Deeply disturbed over changes in pension rules: Ex-civil servants to PM

The former civil servants said they were unable to understand why there was a need for such an amendment to the Central Pension Rules

Retirement funds can nudge investors to save: Who should opt for them?

The disciplined ones can accumulate for this crucial goal, using equity, debt funds, and NPS

Subscribers under NPS, APY schemes reach 3.83 crore till Oct-end: PFRDA

Subscribers under the Atal Pension Yojana (APY) increased 34.51 per cent to 2.45 crore at the end of October

Pension fund authority woos corporates to become NPS subscribers

The Pension Fund Regulatory Development Authority (PFRDA) is urging corporates to become its subscribers for the benefit of employees, its chairman Suprotim Bandopadyay said on Thursday.

National Pension System gradually gaining traction, says PFRDA chief

The National Pension System (NPS) is gradually gaining traction with many public sector enterprises transferring superannuation funds into it, a top official said on Thursday. Speaking at an ICC webinar Pension Fund Regulatory & Development Authority (PFRDA) Chairman S Bandopadyay said though the penetration levels of the pension scheme is low in India, many CPSEs are now transferring their own superannuation funds to NPS. He said decent returns to beneficiaries are being provided and the CAGR for central government funds is 9.95 per cent, with 15 per cent equity exposure only. "Nowadays, many corporations are placing importance on retiral benefits for its employees. Around 7,900 corporates have joined the NPS with a corpus of Rs 50,000 crore involving 10 lakh subscribers," he said. Bandopadyay said more awareness has to be created among the companies so that the joining number increases. Regarding the Atal Pension Yojana, he said during the last five-and-half months

Can't fill Section 80C limit? Use NPS Tier-II tax saver scheme

Only central government staff looking for debt-oriented schemes should go for it

Modifications in National Pension Scheme untenable: Finance Ministry

The response comes following a petition to the Prime Minister's Office (PMO) by Manjeet Singh Patel, president of Delhi unit of the NMOPS, seeking revival of old pension scheme

Covid-19 outbreak: Update insurance, tax and KYCs amid lockdown 4.0

Utilise the relaxed phase to complete unfinished tasks on personal finance agenda

NPS subscribers can make partial withdrawal to cover coronavirus expenses

PFRDA declared Covid-19 as a critical illness which is life threatening in nature

Coronavirus: Elderly, differently-abled to get 3 months' pension in advance

For the differently-abled, the pension is fixed at Rs 300 per month up to 79 years of age and Rs 500 for 80 years and above

How partial withdrawal from EPF, NPS during financial emergency can hurt

Stringent rules have been put to ensure that this practice is discouraged

People complain about getting low returns on annuity: PFRDA chairman

He tells Indivjal Dhasmana there is no turf war between PFRDA and the Insurance Regulatory and Development Authority (Irdai)

Tipping Point: Should you allocate more to corporate, govt bond schemes?

If you are tempted to increase your allocation to schemes C and G based on past year's returns, avoid doing so

Corporate debt, govt bonds improve returns of National Pension Scheme

Double-digit returns from these instruments boost tier-1 plans

Budget wishlist: PFRDA wants to double tax benefit under NPS to Rs 1 lakh

The tax deduction under the NPS is Rs 50,000 at present