National Pension System

Policy will come into effect from April 1 and is expected to benefit over 2.3 million central government employees

This week report about how to check and balance your financial investments and how a government scheme for children's retirement scheme works

With this partnership, individual investors will be able to contribute to existing NPS accounts with the help of Bharat Connect-enabled platforms

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NPS-Vatsalya scheme is designed as a variant of the existing National Pension System (NPS), specifically tailored for younger individuals

Now, let's explore what the OCI status means, the investments OCIs can make in India, and how they are taxed

Approved by the Union Cabinet on Saturday, the UPS kicks in from April 1, 2025

The Congress on Sunday took a jibe at the Centre over its announcement of the Unified Pension Scheme, saying the 'U' in UPS stands for Modi government's "U-turns". The opposition party's swipe came a day after the Union Cabinet approved an assured pension of 50 per cent of salary for those who joined the service after January 1, 2004, under the National Pension System (NPS). Fulfilling long pending demands of government employees ahead of assembly elections in Haryana and Jammu and Kashmir, the Cabinet meeting, chaired by Prime Minister Narendra Modi, approved the Unified Pension Scheme (UPS), which assures guaranteed pension. Taking a dig at the government, Congress president Mallikarjun Kharge said, "The 'U' in UPS stands for Modi Govt's U turns! Post June 4, the power of the people has prevailed over the arrogance of power of the Prime Minister." "Rollback in the budget regarding Long Term Capital Gain/Indexation. Sending Waqf Bill to JPC. Rollback of Broadcast Bill. Rollback o

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

Pension Fund Regulatory and Development Authority (PFRDA) has introduced a new security layer in the National Pension System (NPS).

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Saw 158,212 new subscribers last year compared to 201,517 during 2022

Several unions of railway employees have announced that they might bring a halt to all train services from May 1 if their demand of reinstating the Old Pension Scheme is not met

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

NPS Trust has been established by the PFRDA for taking care of the assets and funds under the NPS

Rajasthan Chief Minister Bhajanlal Sharma on Tuesday announced an increase in social security pension for widows and elderly and bonus to farmers on minimum support price for wheat crop. Replying to a debate on the motion of thanks to the governor's speech in the state assembly, he also targeted the previous Congress government over various issues, including law and order and recruitment exam paper leaks, and said the BJP government will fulfil all its poll promises and establish the rule of law in the state. The chief minister said that a decision has been taken to increase the amount under PM Kisan Samman Nidhi in the state from Rs 6,000 to Rs 8,000 annually in the first phase. This will put an additional financial burden of Rs 1,300 crore on the state. Sharma said the BJP had promised to give a bonus on the MSP for wheat. In the first phase, a bonus of Rs 125 will be given on wheat, after which its MSP in the state will be increased from Rs 2,275 to Rs 2,400. This will put an ...

Data shows that the addition of new monthly subscribers under the corporate segment fell by approximately 25 per cent to 7,728 in November from 10,341 in October

Withdrawal made during tenure for other goals will erode retirement corpus

The chairman said the decline seen in e-NPS (voluntary accounts) was responsible for the slow pace of enrolments this year

The Pension Fund Regulatory and Development Authority (PFRDA) Chairman Deepak Mohanty on Friday said the total corpus under the National Pension System and Atal Pension Yojana has crossed Rs 11 lakh crore. The milestone of Rs 11 lakh crore asset under management (AUM) was achieved on January 10, 2024, he told reporters here. The AUM has increased from Rs 10 lakh crore to Rs 11 lakh crore in 4 months 18 days (August 24, 2023 to January 10, 2024), he said, adding the private sector AUM crossed Rs 2 lakh crore. The authority in September revised the AUM target of Rs 12 lakh crore for the current fiscal. The pension authority is working on a minimum assured pension plan, and it could become a reality in the next financial year if the guarantee issued is resolved. "There are a lot of complications in determining the rate of return, what to set as the bar for return. Fund managers are also thinly capitalised. So, you have to keep a check on their liabilities also," Mohanty said. Asked