National Pension System (NPS) – 42 Aspects to Know before March 2019 1) What is National Pension System? NPS is an easily accessible, low cost, tax-efficient, flexible and portable retirement savings account. Under the NPS, the individual contributes to his retirement account and also his employer can also co-contribute for the social security/welfare of the […]
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PFRDA
National Pension System Withdrawal Norms
National Pension System Withdrawal Norms The Pension Fund Regulatory and Development Authority (PFRDA) has changed the norms for withdrawal of National Pension System (NPS) subscribers. Keeping in view the possibility of sudden financial needs of the subscribers, the requirement of minimum period under National Pension System (NPS) for availing the facility of partial withdrawal from […]
PFRDA Invites Expression of Interest (EOI) for Actuarial Valuation of Atal Pension Yojana
PFRDA Invites Expression of Interest (EOI) for Actuarial Valuation of Atal Pension Yojana Pension Fund Regulatory and Development Authority (PFRDA) invites Expression of Interest (EOI) from reputed Actuary/Actuarial Firm for valuation to estimate the likely shortfall or otherwise on account of the minimum guaranteed pension and suitable provisioning for gap funding under Atal Pension Yojana(APY). APY […]
Atal Pension Yojana subscribers base crosses 1 croremark on completion of 3 years of launch of the Scheme
Atal Pension Yojana subscribers base crosses 1 croremark on completion of 3 years of launch of the Scheme Atal Pension Yojana (APY) Scheme’s subscriber base crossed 1 Crore on completion of 3 years of the Scheme launch. APY was launched by the Prime Minister of India, Shri Narendra Modi at a function in Kolkataon 9thMay,2015 […]
Pension Fund Regulatory and Development Authority prescribes New NPS Subscriber Registration Form – Additional Mandatory Requirements
Pension Fund Regulatory and Development Authority prescribes New NPS Subscriber Registration Form – Additional Mandatory Requirements Pension Fund Regulatory and Development Authority (PFRDA) has been established by the Government of India for regulation and development of Pension Sector in order to protect the old age income security of subscribers. PFRDA takes various initiatives from time […]
Clarification on Revision of Service Charges to POPs under NPS (All Citizen and Corporate Model)
Clarification on Revision of Service Charges to POPs under NPS (All Citizen and Corporate Model) PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY B-14/A, Chhatrapati Shivaji Bhawan Qutab Institutional Area, Katwaria Sarai,New Delhi – 110 016. Ph:011-26517501,26517503,26133730 Fax:011-26517507 Website : www.pfrda.org.in PFRDA/2017/34/P&D/1 31st October 2017 To All Stakeholders in the National Pension System Subject: Clarification on Revision […]
Can govt staff select own fund manager for NPS – PFRDA expects decision in a month
Can govt staff select own fund manager for NPS – PFRDA expects decision in a month Pension regulator PFRDA is hopeful of a final government decision within a month over allowing the nearly three million Central government employees choose their own fund manager as well as investment allocation for their National Pension System (NPS) contributions. […]
Atal Pension Yojana surges ahead with 62 lacs enrolment
Atal Pension Yojana surges ahead with 62 lacs enrolment A total of 3.07 lac APY accounts have been sourced under One Nation One Pension. The stellar performance of the banks under the campaign includes some of the largest banks in the country namely, State Bank of India sourcing a stupendous 51,000 APY accounts and other […]
PFRDA (Exits and Withdrawals under the NPS) (First Amendment) Regulations, 2017
PFRDA (Exits and Withdrawals under the NPS) (First Amendment) Regulations, 2017 PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY NOTIFICATION New Delhi, the 10th August, 2017 Pension Fund Regulatory and Development Authority (Exits and Withdrawals under the National Pension System) (First Amendment) Regulations, 2017 No. PFRDA/12/RGL/139/8.—In exercise of the powers conferred by sub-section(1) of Section 52 read with […]
PFRDA conducts workshop on National Pension System (NPS)
PFRDA conducts workshop on National Pension System (NPS) for Corporates in coordination with FICCI at Bhubaneswar today; More than 10.83 lacs subscribers are registered under NPS-Private Sector (all Citizen and Corporate);Overall number of NPS and APY subscribers have crossed 1.62 crore with overall Asset under Management (AUM) of more than 1,91,725 crore. A Corporate Meet […]