NPS CHANGES
New NPS contribution rule: PFRDA reduces timeline of contributions made from July 1; three important things to know
New NPS rules: The new NPS contribution timeline allowing for same-day investment will come into force on July 1, 2024, as per a circular issued by PFRDA on June 28, 2024.
New NPS rules: 7 major NPS changes in last 6 months
The CRAs that are registered with the Pension Fund Regulatory and Development Authority (PFRDA) continuously enhance their systems to meet the needs of the Nation Pension System (NPS) and Atal Pension Yojana (APY) architecture. Here are the 7 important NPS functions recently announced to enhance user experience and operational simplicity. The functionality that CRAs created in Quarters Ill and IV of FY 2023–24 are mentioned below, as mentioned in a Pension Fund Regulatory and Development Authority dated June 14, 2024.
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.
PFRDA to introduce new life cycle fund option by September
Life cycle fund provides an option of investment to subscribers and allocation of equity and debt depends on the option chosen by them. There are different investment choices (Auto/Active) for tier-1 and tier-2 National Pension Scheme (NPS) accounts.
ITR filing: Compare your tax outgo in old and new tax regime before finalising one for FY24
Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their incomes and investments. TaxSpanner estimates that Vivek Jaiswal can have a surplus of almost Rs.60,000 if his salary is rejigged to include tax-free perks and if he opts for the new tax regime. Here's how
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.
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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.
Does the new income tax regime suit you? Find out who should move from the old tax regime to the new one
With the start of the new financial year, companies are reaching out to their employees to select the tax regime for 2024-25. This is an important decision because you can do it only once in a financial year. Once you make a choice, your income will be taxed as per the tax structure of that regime
Major money changes from April 1: FASTag, OLA Money, SBI debit card charges, insurance, credit card rules
The NHAI's 'One Vehicle, One FASTag' initiative aims to dissuade people from using a single FASTag for several cars or from attaching many FASTags to one vehicle. The program will go into effect on April 1, 2024, with the goals of increasing the effectiveness of the electronic toll collection system and providing convenient mobility at toll plazas.
FASTag, NPS, credit card, debit card, insurance rule changes: Major money changes from April 1
Money rule changes in April: Let's see major financial changes and new norms that will come into effect from April 1, 2024. Changes include insurance rules, FASTag, NPS, credit cards, debit cards and more
Credit card rules to NPS: 6 important money-related changes that will come into effect in April 2024
Money changes in April 2024: Let us look at six important financial changes that will come into effect in April 2024.
NPS: How PFRDA plans to make National Pension System investments safer for government employees
National Pension System : The Pension Fund Regulatory and Development Authority (PFRDA) has released an advisory about how NPS investments by government sector employees could be made safer by following certain advisories. These advisories relate to the entire NPS investment process starting from the investment stage to maintenance stage to withdrawal stage.
Those serious about retirement aren’t attracted to NPS tax benefits: Santosh Agrawal, Policybazaar
"NPS is a good product, but it’s just accumulation and then it invests in annuity. People know of the NPS because of tax benefit, but Rs.50,000 is not a meaningful amount," says Santosh Agrawal, CBO, Life Insurance, Policybazaar.
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.
Tax-saving ideas: How to restructure your salary to reduce income tax outgo by more than Rs 1 lakh
Taxpayers can reduce their tax significantly by reformatting their salary. If companies restructure their compensation packages by replacing taxable emoluments with some tax-free perks, they can lower the tax liability of their employees. There are several such tax-exempt allowances, including food coupons and reimbursement of expenses on fuel and travel, newspapers and periodicals, phone and Internet. The taxable portions of the salary, such as the special allowance, can be reduced to make place for the tax-exempt allowance. Find out how to go about it.
How NPS investment of Rs 50,000 can help you save more income tax
NPS deduction of Rs 50000: Under the old tax regime, an individual can claim additional deduction of Rs 50,000 for NPS investment made. This deduction is available over and above Rs 1.5 lakh available under Section 80C of the Income Tax Act. With full utilisation of Section 80C and additional NPS investment, an individual can claim total deduction of Rs 2 lakh in a financial year.
NPS investment can save you tax on income up to Rs 9.5 lakh under old, new tax regime: Here's how
Tax saving via NPS investment: There are many income tax laws changes that have come into effect from April 1, 2023 for current FY 2023-24. However, NPS investment is one that can help you save tax in both the old and new tax regimes. However, it is important to know the tax rules to save income tax via NPS investment.
NPS accounts to be more secure; PFRDA introduces new rule
National Pension System or NPS new rule: The Pension Fund Regulatory and Development Authority (PFRDA) has decided to introduce a two factor authentication system for login to the NPS CRA system under the government sector. It is stated that this new security system would be live by April 1, 2024 and is currently under development.
NPS partial withdrawal rule changes from February 2024: How does it work, when should you go for it?
NPS partial withdrawal rule change: The Pension Fund Regulatory and Development Authority (PFRDA) has recently came out with a master circular regarding the new rules that will govern partial withdrawal from the National Pension System (NPS). What are the new rules? Who are eligible to withdraw partially from NPS? Is it a good deal? Or should you avoid it to keep your retirement savings intact? All you need to know about the new rules of NPS partial withdrawal.
Though no change in interim budget, full budget should ease these pain points of investors
With reforms having flattened fluctuations, budgets become quiet affairs focused on tweaks, not shocks
Latest Sovereign Gold Bond tranche, new IMPS, NPS withdrawal rules: 6 money changes in February 2024
Here's a look at some of the major changes including NPS partial withdrawal, IMPS new update, SBI home loan campaign offer, Punjab and Sindh Bank’s special FD deadline, latest SGB tranche and more.
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.
Major changes in UPI 2023: Increase in transaction limits, UPI Lite X, NPS contributions, other big changes made
With more and more people using the Unified Payments Interface (UPI) to make payments, the Reserve Bank of India (RBI) announced various user-friendly measures during the year 2023. Here is a look at some of the important changes made to UPI during the year.
Major NPS rule changes 2023: Systematic Lumpsum Withdrawal facility, NPS Lite exit rules, consolidated statement & more
The Pension Fund Regulatory and Development Authority (PFRDA) has implemented many rule and regulatory changes in 2023 to better facilitate and support NPS subscribers. Here is a look at a few important changes made to NPS in 2023.
Will new NPS systematic lump sum withdrawal (SLW) option help you during retirement? Here’s how to decide
PFRDA has now introduced phased withdrawal of the lump-sum part of the maturity amount of your NPS corpus at the time of retirement. NPS subscribers can now either opt for a lump- sum withdrawal or make periodic withdrawals (systematic lump-sum withdrawal or SLW) from their corpus. Should you opt for new SLW option or stay away? How will it help to achieve your retirement goals. Read here to find out
NPS rule changes in October: 2 changes made to NPS exit, withdrawal rules that can benefit subscribers
The Pension Fund Regulatory and Development Authority (PFRDA) has made proposed changes to NPS withdrawal for subscribers in the month of October 2023.
NPS to OPS: Changed jobs or retired? Govt says these Central Govt employees are eligible to switch pension schemes
Select Central Government employees who have changed their jobs will also get a one-time option to switch to Central Civil Services (Pension) Rules, 1972, popularly known as the Old Pension Scheme (OPS) from the National Pension System (NPS). Mentioning the eligibility norms, the DoPPW released an Office Memorandum. Check latest rules, last date.
NPS withdrawal rule change: Soon opt for phased withdrawal using Systematic Lumpsum Withdrawal facility
The Pension Fund Regulatory and Development Authority (PFRDA) proposed to provide the option of phased withdrawal of the lump sum through Systematic Lump Sum Withdrawal (SLW) facility.
NPS exit rule change: PFRDA modifies rules for withdrawal requests, modifying the subscriber's bank account details
The Pension Fund Regulatory and Development Authority (PFRDA) has made instant bank account verification mandatory to ensure timely credit of National Pension System (NPS) funds to the bank account of subscribers at the time of withdrawal or exit from the scheme.
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