The Department of Posts has launched New Pension Scheme (NPS) with effect from May 2010. Any citizen of India in the age group of 18 to 55 years can join this scheme and contribute till the age of 60 years. This scheme is made available to the general public on behalf of Pension Fund Regulatory and Development Authority (PFRDA).

Post Master General (PMG) B B Dave said one of the features of this scheme is that the subscriber’s contributions will be invested as per the scheme and the preference is opted by the subscriber. The pension contribution will be invested in various schemes of different Pension Fund Managers appointed by the PFRDA.

Click here for Cloud Computing

Also Read   Related Stories News Now - New pension scheme for construction workers in Andhra - Banks, insurers, Konkan Railway to join NPS - Unit-linked pension plans may lose charm - Ulips set to get a makeover - States start offering Rs 1,000 per NPS account - Join NPS, get Rs 1,000

Also Read   Related Stories News Now - Wall Street opens higher on Greek deal - RBI raises bank rate to 9.5% - Axis Bank reappoints Shikha Sharma as Managing Director - Consumer confidence in financial situation up in Dec: survey - Muthoot Finance to raise Rs 500-cr via public issue of NCDs More

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Wall Street opens higher on Greek deal - RBI raises bank rate to 9.5% - Axis Bank reappoints Shikha Sharma as Managing Director - Consumer confidence in financial situation up in Dec: survey - Muthoot Finance to raise Rs 500-cr via public issue of NCDs

Tags : Department of Posts | New Pension Scheme | Pension Fund Regulatory and Development Authority | B B Dave | Point of Preference   Read Business news in  Advertisements -  Now property search gets more exciting than ever before! -  Office 365 for professionals and small businesses. -  Are You Serious About Your Future? Click here to know more -  Financial Learning now made easier and more convenient. -  Earn fuel worth Rs.2400 with Citi -  India's No. 1 Property Site. Click here to know more.. -  Get 5% cashback on telephone bills with Citi -  Exim Bank Conclave on India - Africa Project Partnership. Know more.. -  Be part of it The World's Largest Aircraft. -  Creating Wealth made simple the SIP way. Know more.. -  Only Developer to give a guarantee on time space & rate. -  Buy Your Property with Our Triple Guarantee in India. -  Improve Patient Care & Experience. Click here to know more -  Win a Business Class Ticket to Europe..Know more.. -   Introduce a New Automotive Luxury Car.. know more -  Health is Wealth..... Insurance + Savings... Know More...