National Pension System News

The Pension Fund Regulatory and Development Authority (PFRDA) has notified its latest rule regarding NPS subscribers who have renounced their Indian citizenship and are without an OCI.

The Central Government employees, who are covered under NPS, are eligible to submit their option for UPS under National Pension System

The Central Government employees, who are covered under NPS, are eligible to submit their option for UPS under National Pension System

NPS is voluntary for subscription by an individual to make contributions to his/her Individual Pension Account.

National Pension System: Previously, users could only make contributions towards their NPS accounts through the websites of PFRDA, NSDL, CAMs, KFintech and Banks. 

The Indian government introduced the National Pension System (NPS), a pension cum investment plan to give people security for their old age. The Pension Fund Regulatory and Development Authority (PFRDA) oversees the scheme. After turning sixty years old, the NPS members start receiving their pension. Nevertheless, before turning 60 or upon attaining superannuation, some members desire to withdraw their accumulated wealth in NPS. Let's go into more detail on early pension withdrawal and the requirements. 

NPS is mandatory for all new recruits in the central government service from January 1, 2004 (except the armed forces), Union Minister of State for Personnel Jitendra Singh said in a written reply to Lok Sabha.

April 1 marks the beginning of the new financial year. NPS users get an added layer of security features. 2-FA) becomes mandatory for all users logging into the CRA system.

The accumulation of reward points on rent payments for select cards will end on April 15, 2024.

The National Pension System (NPS) introduced by the Indian government. It's a government-backed scheme. The NPS is overseen by the PFRDA.

The organisers of the rally said that four states have already announced implementation of the OPS, then why cannot the Centre implement it. 

Investing in NPS at an early age shall ensure a more considerable monthly income after retirement, which happens through compounding. Check the calculation.

Building a retirement corpus is never an easy task One should plan well in advance to have a secured retirement life Investing in NPS at early age can yield inflation beating return

NPS is a voluntary retirement savings scheme PFRDA is the nodal agency for the implementation and monitoring of NPS. The government issued a clarification with regard to NPS payment to family members in case of the death of a government servant

NPS aims to provide old age security to the people through safe and regulated market-based return. The Scheme is regulated by Pension Fund Regulatory and Development Authority (PFRDA). National Pension System Trust (NPST) established by PFRDA is the registered owner of all assets under NPS.

Meanwhile, for those who cannot join the Atal Pension Yojana (APY) scheme, there are other government schemes that are equally a good choice for building a pension corpus. These two schemes can be your preferred option if you have a long term window and want to build a big investment corpus for your retirement fund.  

The old pension scheme was scrapped on April 1, 2004 It was replaced by market-driven National Pension System Punjab government is now considering bringing back the OPS

PoPs are banks, non-banking financial companies and other players which register and service subscribers under the National Pension System (NPS). They are the first point of interaction between the subscriber and NPS.

PFRDA came up with the announcement in an official notification dated August 3, 2022. Meanwhile, the PFRDA and Bank of India launched the digital platform for NPS enrolment.

The National Pension System is a defined contribution retirement savings scheme administered and regulated by Pension Fund Regulatory and Development Authority (PFRDA) that provides old age security to Indian citizens.