Premature Exit Of Nps Lite Swavalamban Subscribers – PFRDA PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY B-14/A, Chhatrapati Shivaji Bhawan, Qutub Institutional Area. Katwania Sarai, New Delhi-110016 Circular Cir. No. PFRDA/2021/21/SUP-NPST/1 July 02, 2021 To, All NPS Swavalamban Subscribers and associated Stake holders Subject — Premature exit of NPS Lite … [Read more...] about Premature Exit Of NPS Lite Swavalamban Subscribers – PFRDA
National Pension System
PFRDA permits withdrawal of NPS corpus of Rs 5 lakh without buying annuity
PFRDA permits withdrawal of NPS corpus of Rs 5 lakh without buying annuity Currently, NPS subscribers having a corpus of over Rs 2 lakh at the time of retirement or attaining the age of 60 years need to buy an annuity, offered by insurance companies, on a mandatory basis. They can take out the remaining 60 per cent as a lump sum. The Pension Fund Regulatory and Development … [Read more...] about PFRDA permits withdrawal of NPS corpus of Rs 5 lakh without buying annuity
Non-residents can easily open NPS account online
Non-residents can easily open NPS account online NPS is a retirement savings scheme wherein subscribers are allotted a Permanent Retirement Account Number (PRAN) which is unique to every consumer Non-Resident Indian or NRI can open an National Pension System (NPS) account online if he/she has a PAN card and an account in a bank. NPS is a retirement savings scheme … [Read more...] about Non-residents can easily open NPS account online
Relaxation in processing of exit application by PoPs
Relaxation in processing of exit application by PoPs PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY B-14/A, Chhatrapati Shivaji Bhawan, Qutub Institutional Area, Katwaria Sarai, New Delhi-110016 CIRCULAR CIR No.: PFRDA/2021/17/SUP-ASP/4 Date: May 31, 2021 To, All POP stakeholders under NPS Subject: Relaxation in processing of exit application by PoPs This has … [Read more...] about Relaxation in processing of exit application by PoPs
Terminal Benefits available to Family of a Deceased Government Servant and Process – DOPPW
Terminal Benefits available to Family of a Deceased Government Servant and Process Following benefits are granted to family on death of a Government servants during service: (A) For Government employees covered under CCS(Pension) Rules, 1972: (i) Family Pension (ii) Death Gratuity, (iii) Accumulation under General Provident Fund (iv) Leave encashment (v) CGEGIS (vi) … [Read more...] about Terminal Benefits available to Family of a Deceased Government Servant and Process – DOPPW
Pensioners may be allowed to withdraw their entire lifetime contribution
Pensioners may be allowed to withdraw their entire lifetime contribution to NPS with a higher threshold Retired persons looking to use their pension fund money for meeting family emergencies or for making investments into better return yielding instruments would soon be permitted withdraw their entire lifetime contributions. Sources in the government said that pension … [Read more...] about Pensioners may be allowed to withdraw their entire lifetime contribution
PFRDA’s subscriber base grows 23% under NPS, Atal Pension Yojana
PFRDA's subscriber base grows 23% under NPS, Atal Pension Yojana The last year was an extremely challenging year because of COVID-19 restrictions, but still there has been growth of around 23 per cent in the subscriber numbers, PFRDA Chairman Supratim Bandyopadhyay told reporters Pension Fund Regulatory and Development Authority of India (PFRDA) has registered 23 per cent … [Read more...] about PFRDA’s subscriber base grows 23% under NPS, Atal Pension Yojana
No annuity rider, NPS subscribers get ₹5 lakh exit option
No annuity rider, NPS subscribers get ₹5 lakh exit option The National Pension System (NPS) will no longer compel investors to convert 40% of their accumulated retirement corpus into an annuity, as poor yields on annuities and high inflation are translating into negative returns, the Pension Fund Regulatory and Development Authority (PFRDA) Chairman, Supratim Bandyopadhyay, … [Read more...] about No annuity rider, NPS subscribers get ₹5 lakh exit option
PFRDA to raise max age for admission under NPS to 70
PFRDA to raise max age for admission under NPS to 70 The regulator also proposed a minimum guaranteed return product under pension scheme The National Pension System (NPS) is set to admit new subscribers as old as 70, introduce a guaranteed pension scheme, and allow full withdrawals up to ₹5 lakh on maturity, India’s pension regulator said. Around 15,000 people above 60 … [Read more...] about PFRDA to raise max age for admission under NPS to 70
National Pension Fund scheme to see major changes
National Pension Fund scheme to see major changes The Pension Fund Regulatory and Development Authority (PFRDA) will soon introduce key changes to make the National Pension System (NPS) more attractive and to expand its reach across India. According to a report in Business Today, in the pipeline are the following measures: 1) Raising maximum entry and exit age Currently, … [Read more...] about National Pension Fund scheme to see major changes