NPS TRANSACTION
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.
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.
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
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.
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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.
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.
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.
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.
UPI Tap and Pay to go live soon: Who can use, how to make payments using UPI tap and pay
Customers will have Tap & Pay activated by default. It is not necessary to load funds in order to use the Tap & Pay payment method.
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.
How to make NPS contributions using UPI-enabled QR code
The QR code is unique to each subscriber and may be kept offline for payments; the QR codes for Tier I and Tier II are different.
Sebi move on reducing SIP minimum size good, but need to reduce KYC & transaction costs: Nilesh Shah
“Sebi has taken a step in the right direction by ensuring that this minimum amount is spread across the industry and not just a few fund houses like mutual funds and secondly, hopefully we will be able to reduce the friction cost, the KYC cost and the payment cost so that it becomes profitable transaction for the industry.”
I have an EPF corpus of Rs 85 lakh; is it tax efficient to transfer it to NPS tier 1 account after retirement?
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
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.
Beyond Transactions: CXO's Role in Building Emotional Connections with Customers
In today's digital and competitive business landscape, building emotional connections with customers has become crucial for success. CXOs, or Chief Experience Officers, play a vital role in shaping strategies and initiatives to foster these connections. Emotional connections go beyond transactions and lead to customer loyalty, advocacy, resilience during tough times, increased customer lifetime value, and a competitive advantage. CXOs can contribute to this effort by setting a customer-centric vision, aligning brand values with customer values, developing personalization strategies, encouraging employee engagement, leveraging storytelling, measuring emotional metrics, driving innovation, and using technology thoughtfully.
NPS or retirement funds? Comparison of asset allocation, taxation, cost and liquidity
The NPS follows an asset allocation-based approach. It offers subscribers the choice of two investing modes—active and auto. With retirement funds, investors are stuck with the same fund manager even though, theoretically, they can opt for multiple retirement funds.
NPS subscribers can view NPS statement in Consolidated Account Statement: How to use
The PFRDA has incorporated CAS with the NPS Statement of Transaction (SoT). The NPS SoT can currently be read online through the CRA login, as well as physically or via email, on an annual basis.
NPS Lite exit rules revised; what subscribers must know
Fresh enrollment under the NPS-Lite Swavalamban plan was discontinued in 2015 after the introduction of the Atal Pension Yojana (APY), with the exception of Gramin Dak Sevaks of the Department of Posts (DoP).
One-time option to switch to OPS from NPS available for these central govt employees; know eligibility, last date
NPS vs OPS: Select All India Services (AIS) officers covered by the National Pension System (NPS) will now get a one-time option to switch to the Old Pension Scheme, said DoPT. Know who will be eligible, what is the last date to submit the application and how will NPS corpus be restructured if a government employee switch to OPS from NPS.
Not linked PAN with Aadhaar? Your NPS account can be considered as non-KYC compliant
NPS subscribers should be aware that if your PAN and Aadhaar card are not linked, your NPS account will be regarded KYC non-compliant, and NPS transactions would be restricted.
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.
Is the NPS scheme cost effective? Anil Ghelani explains
In tier-1 there is no taxability. It falls under technically speaking EEE, exempt, exempt, exempt criteria so even the time when we are investing the money we get a tax benefit, that is a unique thing which NPS offers over and above the regular investments of 150000.
What are the charges for making contributions in NPS via SIP?
The NPS has been designed to allow for systematic savings throughout the employee's working career. This will help individuals to build retirement income that is affordable, tax-efficient, and flexible.
Not linking PAN-Aadhaar can restrict your NPS transactions from April 1, 2023
Subscribers to the National Pension System are notified that NPS account will be regarded KYC non-compliant, and NPS transactions will be restricted until your PAN and Aadhaar card are linked.
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