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No Tier-II account for poor NPS subscribers10-NOV-09
Subscribers of the low-cost version of the New Pension Scheme (NPS), called CRA Lite, will not be allowed to open a second savings account unlike normal subscribers.
Regulator ups maximum entry age for NPS to 6006-NOV-09
All citizens of the country can now buy a pension plan at retirement age with the pension regulator increasing the maximum age for entering the new pension scheme (NPS) from 55 years to 60 years.
SIB launches NRI service under New Pension Scheme27-OCT-09
Kerala-based South Indian Bank (SIB)has started providing service for NRIs joining the New Pension Scheme (NPS) implemented by the Pension Fund Regulatory and Development Agency (PFRDA).
SIB is top NPS service provider11-OCT-09
Kerala-based South Indian Bank (SIB) today said it had emerged as the largest service provider in the country for New Pension System (NPS) — a social security scheme.
Pension regulator tells NPS distributors to set targets03-OCT-09
After receiving a poor response to the New Pension System (NPS), the pension regulator has asked the distributors of the scheme to set sales targets.
Regulator may make NPS' net asset value public from December02-OCT-09
“The NAVs will be uploaded on the websites of the Central Record-keeping Agency (CRA) and fund managers from December 1,” said a senior official of the Pension Fund and Regulatory Development Authority (PFRDA).
NPS annual fee may come down by Rs 7001-OCT-09
The annual maintenance charges for subscribers of the New Pension System (NPS) may come down by Rs 70 from April.
'We are working on taking NPS online'25-SEP-09
The new pension scheme (NPS), which opened for non-government employees in May, has received a poor response so far. About 650,000 people from the government and over 2,000 from the informal sector have joined the scheme. Its assets under management are to the order of Rs 3,000 crore, of which only Rs 2.5 crore has come from the informal sector.
Common platform for all MF investments likely from March04-SEP-09
Tired of filling several application forms to invest in different mutual fund schemes? Wait till March 2010, and you’ll just click this cumbersome process away.
Pension regulator seeks advisors to fix norms02-SEP-09
With the government expected to push for the passage of the Bill to provide legislative backing to the Pension Fund Regulatory and Development Authority (PFRDA), the regulator has decided to rope in professional advisors to finalise the guidelines for the sector.
Pension plan with savings facility this year: Regulator25-AUG-09
A new kind of pension-cum-savings scheme is on the anvil which would provide a safety net as well as liquidity to the holder.
New pension-cum-savings plan by year end: PFRDA24-AUG-09
A new kind of pension-cum-savings scheme is on the anvil which would provide a safety net as well as liquidity to the holder.
New Pension Scheme is born, but refuses to grow10-AUG-09
Four months after its launch, registering yourself to be a member of the New Pension Scheme (NPS) is not an easy task.
Irda ignores LIC on NPS retailing07-AUG-09
The Insurance Regulatory Development Authority (Irda) has turned down a proposal from the Life Insurance Corporation of India (LIC) to set up points of presence under the New Pension Scheme that would have helped in collecting subscription from investors.
NPS subscribers swell to over 5 lakh till June28-JUL-09
The government today said that more than five lakh people have subscribed to its New Pension Scheme (NPS) till June-end.
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