Nps

Missed your NPS contribution? Unfreeze your account with these steps

Missed a contribution to your NPS account? Learn how to unfreeze it by making the required payment and get back on track with your retirement savings.

No OCI? PFRDA says close your NPS Account after renouncing citizenship

New rule will ensure compliance with foreign exchange rules and updated eligibility norms, says pension manager

UPS may be replicated to other stakeholders of NPS: Finance Secretary

Financial Services Secretary M Nagaraju on Thursday expressed hope that the Unified Pension Scheme (UPS), which promises an assured pension of 50 per cent of the average basic pay drawn over the last 12 months, may be replicated for other stakeholders under the New Pension System (NPS). Observing that NPS has emerged as a robust retirement savings mechanism in the country, he said, its growing assets under management and subscriber base is reflective of people's trust in the scheme. The government has recently introduced the UPS under NPS for central government employees. The scheme is effective from April 1. UPS is a unique contributory but defined benefit scheme that provides an assured payout of 50 per cent of the average basic pay for the last 12 months upon superannuation along with the benefit of inflation indexation through dearness relief, Nagaraju said, while speaking at the 1st International Research Conference on Pension, organised by PFRDA and IIM Ahmedabad here. "I tru

National Pension Scheme: Can you plan early retirement with this plan?

A disciplined investor who can manage money by taking better asset allocation decisions would be able to build a higher corpus for retirement with more flexibility

Budget 2025 extends tax benefits to NPS Vatsalya under section 80CCD(1B)

NPS Vatsalya is a retirement plan for minor children, allowing parents or guardians make investments on their behalf

Budget 2025: Govt plans NPS reforms to boost pension cover for gig workers

The government may hike the minimum pension amount under Atal Pension Yojana in the upcoming Union Budget to attract informal sector workers

Is NPS Vatsalya retirement scheme for your child too far-fetched an idea?

While the scheme allows you to plan for your child's retirement well after you may be gone, you should focus first on your retirement and kids' education

NPS account: Why you should make regular contributions, keep it active

If you do not meet the minimum requirements or submit the wrong documents, your NPS account can be frozen

New rules allow early retirement for central government employees under NPS

Employees with at least 20 years of regular service can now opt for voluntary retirement.

Govt rushes to notify Unified Pension Scheme by October 15, launch by 2025

Cabinet Secretary TV Somanathan has been holding regular meetings with key ministries and departments to ensure a smooth transition from NPS to UPS

How you can create corpus for your child with the help of NPS Vatsalya

Upon turning 18, child's account will be converted into a standard NPS account, subject to the submission of the necessary KYC documents

India's economic growth stands out globally, says FM Nirmala Sitharaman

The scheme is an extension of the already existing NPS to children. In the last 10 years, NPS has gained 1.86 crore subscribers, with Assets Under Management (AUM) of Rs 13 trillion

Sitharaman launches NPS Vatsalya, parents can open pension a/c for children

Finance Minister Nirmala Sitharaman on Tuesday launched the NPS Vatsalya scheme, which will allow parents to save for their children's future by investing in a pension account. Parents can subscribe to NPS Vatsalya online or visiting a bank or post office. The minimum contribution to open Vatsalya account is Rs 1,000. Subscribers will have to contribute Rs 1,000 annually thereafter. The guidelines for withdrawal from NPS accounts are being finalised. Launching the scheme, Sitharaman said NPS has generated very competitive returns and offers the option to people to save while ensuring future income. NPS Vatsalya is an extension of the already existing NPS to children. In the last 10 years, NPS has 1.86 crore subscribers with an Asset Under Management (AUM) of Rs 13 lakh crore. Children below the age of 18 years can open NPS Vatsalya account, which will automatically get converted to regular NPS account on completion of 18 years of age. Pension will come from the account only upon

UPS or NPS: Younger employees and risk-takers likely to stick to NPS

UPS merges elements of defined contribution and defined benefit. Under NPS, employees contribute 10 per cent of their salary while the government contributes 14 per cent

News updates: AAP leader Manish Sisodia holds 'padyatra' in Delhi's Mangolpuri area

Latest news updates: Catch all the news developments from around the world here

Budget 2024 has created a new investment avenue: NPS Vatsalya scheme

When the minor reaches adulthood, their account will automatically convert to a regular NPS account.

National pension system logs 79,000 fresh subscribers in May: NSO

The corporate component of the scheme is voluntary in nature and includes people working in public sector organisations, private limited companies, or public sector banks among others

Explained: Why Signzy is doing 'penny drop' verification of NPS subscribers

Penny Drop Verification is a process used to confirm the validity of a bank account

Budget 2024 introduces NPS Vatsalya: Invest in your child's pension now!

Parents can save for their minor kids and the plan can be converted into a full-fledged NPS account in future

Same-day settlement for NPS subscribers from July 1: Check details

The changes ensure that the benefits of same-day investments are passed on to the subscribers as applicable