NPS ACCOUNT OPENING
Budget 2024: Higher OPS-like pension in NPS; central govt employees likely to get 50% of last pay drawn as pension
NPS in Budget 2024: The government aims to provide reassurance to central government employees covered by the National Pension System by offering them 50% of their last drawn pay as pension, in an effort to address their payout-related worries. Even though the current scheme provides attractive returns for employees who have been investing for 25-30 years, the government is still committed to ensuring this benefit.
18 major NPS changes in last 6 months: New online withdrawal facility to changes in NPS transaction statement
New NPS rules: The National Pension System CRAs registered with the Pension Fund Regulatory and Development Authority (PFRDA) are consistently improving their systems. Here are the important NPS functions recently announced to enhance user experience and operational simplicity.
Types of NPS accounts: 4 differences between NPS Tier 1 and Tier 2 accounts
The NPS, a government pension scheme, offers Tier I and Tier II accounts with different functions. Tier I is for retirement planning with withdrawal restrictions, while Tier II is a flexible savings account.
NPS investment: Why exit barrier is the biggest positive feature of the NPS, explains Sriram Iyer of HDFC Pension
Many individuals have concerns that their money will get stuck in the NPS till retirement. That’s not necessarily a bad thing because the money is at the right place. Investment returns can be enormous if held for the long term, Sriram Iyer tells ET Wealth.
Central govt employees' pension: NPS to OPS switch? Centre releases new FAQ answering all your queries
NPS vs OPS: The Centre allowed central government employees to switch from NPS to CCS (Pension) Rules, 1972 (now 2021), known as the old pension scheme. The Department of Pension and Pensioners’ Welfare released FAQs to address queries on the implementation of the switch. All the central government employees and pensioners must know
Atal Pension Yojana account: Now you can open APY account at 3 CRAs
Atal Pension Yojana account: The Central Recordkeeping Agency (CRA) serves as an operational interface for all intermediaries and is in charge of the centralised recordkeeping, administration, and customer support responsibilities for all NPS & APY subscribers under the NPS architecture.
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Low charges, high returns, income tax benefits — 5 reasons to choose NPS for retirement planning
The NPS for the general public completes 15 years this week. Over the years, the NPS has undergone many changes and become more investor friendly. The Pension Fund Regulatory and Development Authority (PFRDA) has made the scheme more flexible and introduced new features. It has also made it easier to open an NPS account. Here are five reasons why you should invest in it.
NPS is a long-term investment with very low costs, low risk profile: Rahul Bhagat, CEO, DSP Pension Fund
Annuity should not be a sore point, because it offers a fixed and assured income for life. It is like a fixed deposit for the rest of your life. An annuity does away with the reinvestment risk and the risk of longevity. At least some part of the retirement portfolio should generate a fixed and assured income, Rahul Bhagat tells Babar Zaidi
NPS investors must know about these latest NPS charges; PFRDA releases full list
National Pension Scheme (NPS): In a master circular dated April 25, 2024 the Pension Fund Regulatory and Development Authority (PFRDA) has specified the charges applicable for point of presence (PoP) under NPS. The full list of all the applicable charges including the maximum and minimum applicable charges can be found here.
Hike ELSS investments by 10% every year, defer retirement to reach long-term goals
The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals.
Are banks open today?
Bank holidays in April 2024: Banks will be closed for 14 days in the month of April in different states including Sundays, second and fourth Saturdays, according to the Reserve Bank of India (RBI)holiday list.
New NPS rule from April 1: How to do two-factor Aadhaar authentication to log into National Pension System account
New NPS rule: The Aadhaar-based login authentication will be linked with the present User ID and Password login method, allowing for 2-factor authentication to access the CRA system.
New NPS rule: Mandatory two-factor Aadhaar authentication to log into NPS CRA system from this date
Investing in NPS: PFRDA has enhanced the security of the National Pension System (NPS) by introducing a new security layer, two-factor Aadhaar-based authentication. Read on to find out more about this feature.
A product for all seasons? What is NPS' appeal for millennials and Gen Zers?
Kurian Jose discusses PFRDA's initiatives to attract youth to pension products through innovative features like QR code investing. The NPS rule changes offer flexibility in withdrawals and investment options, promoting early retirement planning and long-term financial security.According to Jose: "I look at the NPS as India's answer to social security."
How to open an NPS account online
An NPS (National Pension System) account is a retirement savings scheme that allows the subscriber to invest in different asset classes and enjoy tax benefits. The NPS is regulated by the Pension Fund Regulatory and Development Authority (PFRDA). Here is the process to open an NPS account online. Text: Centre for Investment Education and Learning (CIEL)
How to open an NPS account online or offline
The National Pension System or NPS is a voluntary defined contribution scheme, which allows subscribers to accumulate funds for retirement and aims to provide market-based returns over the long term. Here’s how to join the NPS. Text: entre for Investment Education and Learning (CIEL).
Penalty for not depositing money in PPF, Sukanya Samriddhi Yojana by March 31 every FY
A look at the minimum money that individual must deposit in Public Provident Fund (PPF), Sukanya Samriddhi Yojana (SSY) and National Pension System (NPS) accounts in before March 31, 2024 to avoid having to pay a penalty.
How to open an NPS account online
An NPS (National Pension System) account is a retirement savings scheme that allows the subscriber to invest in different asset classes and enjoy tax benefits. The NPS is regulated by the Pension Fund Regulatory and Development Authority (PFRDA). Here is the process to open an NPS account online.
How to invest in NPS online and offline: Here's a cheat sheet for you
The National Pension System (NPS) is a voluntary defined contribution pension system that aims to provide old-age income at reasonable market-based returns over the long term. NPS is available to all citizens of India. Text: Centre for Investment Education and Learning (CIEL)
NPS account opening rule change: eNPS for Government Sector, who can use it, process and more
eNPS facilitates the effortless opening of NPS accounts for the Government employees, empowering them to do so in a paperless, user-friendly manner, said Pension Fund Regulatory and Development Authority (PFRDA) in a master circular. What is eNPS, who can use it, how to use it and more.
NPS rules for employees, individuals: Who can choose CRA, who can't, charges, other guidelines clarified
NPS guidelines for Government sector employees, private sector employees, individuals: NPS guidelines for Government sector employees, private sector employees, and individuals: NPS subscribers who voluntarily enrol in the pension scheme, can choose their preferred CRA. However, subscribers who enrol in NPS through their employers will not have this option, unless the organisations offer it. PFRDA has issued a master circular consolidating all the instructions regarding the choice of selection of Central Recordkeeping Agency (CRA) for the NPS. Know here.
Investing in NPS made easier by PFRDA for these subscribers
The process to open an National Pension Scheme (NPS) account has been made easier by Pension Fund and Regulatory and Development Authority (PFRDA). Further subscribers who have not updated their signature and photo in their accounts are now to be provided an online facility to upload one. Presently there are two CRAs in NPS: NSDL and Karvy.
NPS withdrawal rules for Tier 1 account: All you need to know
NPS subscribers can withdraw a maximum of 60% of the accumulated corpus in the Tier 1 account as a lump sum at the time of retirement. If the NPS subscriber faces specific financial emergencies, the NPS allows partial withdrawals, subject to specific terms and conditions.
NPS rule change: Default option available in NPS Tier II accounts for govt employees; what is it and how will it help you?
The Pension Fund Regulatory and Development Authority (PFRDA) has introduced the default scheme option in NPS tier II accounts the government employees. Till now, the default scheme was available only to NPS Tier I account subscribers. So those government sector NPS subscribers who chose to invest in NPS tier II accounts, had to pick their pension fund managers (PFM) and percentage in which the selected PFM will invest the fund. Now, the government sector NPS subscribers can also select the the default scheme option in NPS tier II. This scheme is designed to offer flexibility and convenience to government sector
How to invest in NPS
The NPS account can be opened by visiting any point of presence service provider (PoP-SP). One can also open the account online.
NPS Statement via DigiLocker: How to access NPS account statement using DigiLocker
The PFRDA is pleased to announce that NPS subscribers will be able to download their NPS Account Transaction Statement from DigiLocker for quick access and examine their pension wealth.
NPS for NRIs: How to open an account, how to invest, documents required and more
Non-Resident Indians (NRIs) can open National Pension System (NPS) accounts who comply with current KYC requirements. NRIs can choose a pension fund management company and exercise their investing options.
NPS account opening: Compare CRA charges deducted from retirement corpus
The NPS regulator - Pension Fund and Regulatory Development Authority (PFRDA)- has allowed three record-keeping agency to open and maintain the records of NPS subscribers. An individual can open NPS account with any of the CRA. However, each CRA has different charges for opening NPS account online. Read on to know more about these charges.
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