Nps

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

8th Pay Commission: Govt gets proposal for hike in DA, basic pay, pension

With a decade between each pay commissions, the next installment is expected to take effect from January 1, 2026

Mutual funds or NPS? Go for both if you don't mind latter's lock-in

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

Battle for retirement savings: NPS vs PPF vs EPF. Which is the best option?

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

Improved data security to withdrawal flexibility: NPS changes you must know

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

Health insurance age reform; NPS vs MF: Top personal finance stories

This week we report about how senior citizens should buy health insurance and what is a better retirement corpus

NPS vs mutual funds: The better choice to set up your retirement corpus

You cannot exit before age 60 but that is not necessarily a disadvantage