MFs offer investors access to a wider range of assets (gold and international funds), fund houses and fund managers. Barring ELSS, the open-ended funds offer anytime liquidity
You can save up to Rs. 1.5 lakh per year in NPS and get a tax deduction under Section 80C. NPS also offers an additional tax deduction of up to Rs. 50,000 per year
Subscribers can claim an exemption of up to Rs 1,50,000 lakh with NPS under Section 80C, Section 80CCC, and Section 80CCD (1) of the Income Tax Act, 1961
This week we report about how senior citizens should buy health insurance and what is a better retirement corpus
You cannot exit before age 60 but that is not necessarily a disadvantage
Pension Fund Regulatory and Development Authority (PFRDA) has introduced a new security layer in the National Pension System (NPS).
NPS is an excellent product for retirement planning, provided you stay put till maturity
PFRDA Chairperson Deepak Mohanty on Thursday launched a web application developed by Zerodha Broking Limited to provide easy access to NPS for subscribers. The app offers seamless access to NPS to a wider subscriber base, the Pension Fund Regulatory and Development Authority (PFRDA) said in a statement. Mohanty said that there is merit in joining NPS at a young age to harness the benefit of compounding. NPS provides continuity to retirement saving accounts irrespective of one's employment status and is available for non-resident Indians (NRIs), it said. As youngsters are tech savvy, the facilitation by Zerodha Broking Limited would expand access to NPS, it added.
The NPS is used not only to build a sizable retirement kitty but also to reduce your taxable income by an additional Rs 50,000.
The Pension Fund Regulatory and Development Authority permits subscribers to make partial withdrawals from their saved pension money in the National Pension System for specific purposes
Finance Minister Nirmala Sitharaman is expected to present the interim Budget on February 1. This is going to be her sixth Budget
The PFRDA introduced rules for partial withdrawals from National Pension System, allowing subscribers to withdraw up to 25% for specified purposes, effective from February 1
Since the union government has mandated the NPS for all its new employees, this can be used as a proxy to gauge fresh recruitments at the central level
Those who have subscribed to the National Pension Scheme (NPS) can now choose separate pension managers for three asset classes-equity, government security, and corporate bonds. Earlier, subscribers
In a circular dated October 27, PFRDA proposed to provide the option of phased withdrawal of the lump sum through Systematic Lump Sum Withdrawal (SLW) facility
PFRDA has started the process of implementing new rules which will allow users to withdraw up to 60 per cent of their pension corpus. Here's all you need to know
67% Indians now have retirement plan compared to 49% in 2020
A source said that the pension for government staff under the tentative model will be adjusted for inflation only every five or ten years
The protesters said that the party which promises to restore the old pension scheme should be voted to power in the 2024 Lok Sabha polls
Of the 29,333 subscribers under the corporate sector, three-fourths of the subscribers belonged to the age group of 29 years and above