NPS offers two accounts: Tier-I and Tier-II accounts. Tier-I is a mandatory account and Tier-II is voluntary. The big difference between the two is on withdrawal of money invested in them.
News and information relating to new pension scheme which is also known as national pension system
An employee’s own contribution is eligible for a tax deduction --up to 10 per cent of the salary (basic plus DA) – under Section 80CCD(1) of the Income Tax Act within the overall ceiling of Rs 1.5…
Important Announcements and Approvals in Board Meeting of PFRDA - Ministry of Finance Announcement
Recently, the pension fund regulator PFRDA allowed the NPS (National Pension System) subscribers to withdraw the money for purposes that include higher education and investment in new business.
While other popular options like PPF and 5-year FDs are made by people nearing retirement, as an added recurring saving other than your EPF contribution, you can try the National Pension System or…
NPS Subscribers: Submit FATCA Self-Certification through Online - How to submit FATCA certificate online? - Foreign Account Tax Compliance Act (FATCA) and Central Registry of Securitization Asset…
National Pension System corpus increases 38% to Rs 2.47 lakh crore - PFRDA chief said that the regulator is planning bring out a guaranteed annuity product for the pension fund customers.
New NPS Subscriber Registration Form - Pension Fund Regulatory and Development Authority prescribes New NPS Subscriber Registration Form – Additional Mandatory Requirements
Minimum Guaranteed Pension under National Pension System (NPS) – One day Agitational Programme on 24.04.2018 on Minimum Guaranteed Pension under National Pension System (NPS).
There is no proposal to replace the National Pension System (NPS) with the old pension scheme, the Lok Sabha was informed today.
Major Changes in NPS including Withdrawal Norms - Three major changes in the National Pension Scheme (NPS) including withdrawal norms
National Pension System (NPS) is an easily accessible, low-cost, tax-efficient, flexible and portable retirement savings account.
There is a proposal to raise the equity exposure in NPS to 75 percent and PFRDA has floated a concept paper on this. Contractor said that this is still open for public comments and that it will…
Partial Withdrawal under NPS - Can draw partial amount after 3 years - 25 % after 10 years of contribution - 3 times during his/her service.
Earlier, subscribers under the pension scheme (NPS) were permitted to withdraw accumulations not exceeding 25 percent of the contributions made by him or her after 10 years.
NPS has a well-defined procedure for addressing complaints of subscribers. Complaints could be any communication to express dissatisfaction about any service under the NPS.
NPS after Budget 2018 - National Pension Scheme: All you should know about it after FY19 Budget
Pension for NPS Employees applied for Post before 01.01.2004 - Revision of NPS employees to old pension scheme
Report of NPS Committee - NCJCM writes to Govt New contributory Pension Scheme setting up of the Committee report
NPS Subscribers can withdraw up to 25% of accumulated Pension Wealth for the purpose of Education, Marriage, expenditure towards medical treatment for listed illness etc