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A frozen NPS account can derail your tax break: Here's why it happens

A frozen NPS account blocks contributions and tax perks, but reactivation is simple, here's the step-by-step process to get it back on track

Opted for UPS and thinking of going back to NPS?Here's all you need to know

Employees under UPS now have one-time option to shift back to NPS before retirement; assured payouts end but government adds 4% extra to NPS corpus at exit

Indian pension managers request to relax bond investment guidelines

Retirement fund managers in India have asked the Pension Fund Regulatory and Development Authority to ease the cap on the purchase of corporate bonds with a maturity period of less than three years

Govt extends NPS-like tax benefits to Unified Pension Scheme staff: FinMin

In a bid to promote Unified Pension Scheme, the government has made necessary changes to provide tax benefits to employees opting for UPS at par with those under National Pension System (NPS). The inclusion of UPS under the tax framework marks another step forward in the government's effort to strengthen retirement security for central government employees through transparent, flexible and tax-efficient options, the finance ministry said in a statement. "The government has decided that tax benefits as available under NPS would apply mutatis mutandis to UPS as it is an option under NPS," it said. These provisions ensure parity with the existing NPS structure and provide substantial tax relief and incentives to employees opting for the UPS. The finance ministry through a notification dated January 24, 2025 had notified introduction of the UPS as an option under NPS for the recruits to the central government civil service with effect from April 1, 2025, giving one-time option to the .

Young Indians want to retire early; few are financially ready: Survey

They expect monthly pension of more than Rs 1 lakh but only 11% confident their investments will be sufficient, it says

Allow gig workers the option to choose between EPF and NPS schemes

If millions of gig workers are forced into EPF without the option of NPS, complaints about the system's inefficiencies will intensify as its shortcomings inevitably emerge

Extra pension perks? UPS has something for NPS retirees and spouses

Such benefits are over and above the existing NPS entitlements, including annuities

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