National Pension System (NPS): Withdrawal Rules Explained Popular long-term investment plan for retirement - the National Pension System (NPS) allows premature withdrawal or even exit under certain conditions. While, a Tier-1 account allows the subscriber to make a premature withdrawal or even exit under certain conditions, a Tier II account offers greater flexibility in terms … [Read more...] about National Pension System (NPS): Withdrawal Rules Explained
PFRDA
Online Exit Process For NPS Subscribers Under Government Sector
Online Exit Process For NPS Subscribers Under Government Sector PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY B-14/A, Chhatrapati Shivaji Bhawan, Qutub Institutional Area, Katwaria Sarai, New Delhi-110016 Phone : 011-26517501, 26517503, 26133730 Fax : 011-26517507 Circular PFRDA/2021/42/SUP-ASP/08 October 4, 2021 To, All Stake holders under Government … [Read more...] about Online Exit Process For NPS Subscribers Under Government Sector
Enhancement of employer’s contribution for Central Autonomous Bodies NPS subscribers from 10% to 14%
Enhancement of employer’s contribution for Central Autonomous Bodies NPS subscribers from 10% to 14% F.No. 1(3)/EV/2020 Government of India Ministry of Finance Department of Expenditure North Block, New Delhi Dated the 26th August, 2021 OFFICE MEMORANDUM Subject: Applicability of Gazette Notification No.1/3/2016-PR, dated 31.01.2019 issued by the Deptt of Financial … [Read more...] about Enhancement of employer’s contribution for Central Autonomous Bodies NPS subscribers from 10% to 14%
Increase of Entry Age up to 70 Years under NPS
Increase of Entry Age up to 70 Years under NPS PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY B 14 A.Chhatrapati Shivaji Bhawan Outab Institutional Area Katwana Sarai New Delhi-10016 CIRCULAR Circular no.: PFRDA/2021/36/SUP-CRA/14 August 26, 2021 To, All Central Record Keeping Agencies (CRAs) & other NPS stakeholders for information Subject: Increase of … [Read more...] about Increase of Entry Age up to 70 Years under NPS
NPS: 5 benefits of National Pension System that you should know
NPS: 5 benefits of National Pension System that you should know NPS scheme is one of the ideal pension and retirement planning schemes available in India for salaried and self-employed professional NPS scheme: National Pension System (NPS) is a retirement-oriented investment option that provides a periodic annuity (in the form of monthly pension) and a lump sum corpus … [Read more...] about NPS: 5 benefits of National Pension System that you should know
Premature Exit Of NPS Lite Swavalamban Subscribers – PFRDA
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
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
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
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