Nps Scheme

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 Vatsalya Vs MFs Vs SSY: Which one to choose for your child's future?

While the scheme allows parents to secure their child's future through compounded returns, it comes with limitations when compared to other investment options like the Sukanya Samriddhi Yojana (SSY)

More than 9,700 minor subscribers enrolled under NPS Vatsalya on first day

About 9,700 minor subscribers have been enrolled under NPS Vatsalya on the day of the launch of the scheme earlier this week. The scheme, regulated and administered by the Pension Fund Regulatory and Development Authority (PFRDA), provides an opportunity to parents and guardians to start saving for their children's retirement early by harnessing the power of compounding, marking a significant milestone in India's evolving pension landscape. In a landmark government initiative aimed at securing the financial future of India's youth, Finance Minister Nirmala Sitharaman officially launched the NPS Vatsalya Scheme on September 18, fulfilling a key Union Budget 2024-25 announcement. On the day of the launch, NPS Vatsalya received an overwhelming response, as 9,705 minor subscribers have been enrolled under the scheme through various Points of Presence (PoPs) and thee-NPS portal, PFRDA said in a statement on Friday. Out of this, 2,197 accounts were opened through e-NPS portal alone, it

Pension scheme for children, mixed media art: Top personal finance stories

In this week's newsletter we write about NPS Vatsalya and investing in mixed media artwork

NPS Vatsalya Pension Scheme: How to invest, withdraw, and more

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

NPS Vatsalya launched for kids: Know investment amount, eligibility, & more

NPS Vatsalya is an extension of the existing National Pension Scheme (NPS) but focuses on children

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

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

PFRDA to begin same-day settlement for NPS subscribers from July 1

The Pension Fund Regulatory and Development Authority has permitted T+0 settlement for National Pension System (NPS) subscribers effective July 1. NPS contributions received by the Trustee Bank until 11 am (T) on any settlement day will be invested on the same day and the subscribers will get the benefit of same-day NAV (Net Asset Value), PFRDA said in a statement. Hitherto, contributions received by the Trustee Bank are invested on the next settlement day (T+1), meaning contributions received until the previous day are invested the following day, it said. D-Remit contributions received by 9:30 am on any settlement day were already considered for same-day investment. Now, D-Remit contributions received till 11 am will also be invested on the same day with the applicable NAV, it said. Points of Presence (PoPs), Nodal Offices, and NPS Trust for eNPS are advised by PFRDA to align their NPS operations as per revised timelines to benefit the subscribers in a time-bound manner, it added.

NPS logs over 110,000 fresh subscribers in April, reveals NSO data

Overall, 937,000 subscribers joined the National Pension System during FY24, 13.6 per cent higher than the 824,700 subscribers logged in the preceding financial year

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

Fresh NPS adoption by companies rises 9% in December, shows NSO data

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

New NPS partial withdrawal: Everything you need to know about pension rule

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

Govt may announce steps to promote, make NPS more attractive scheme

Finance Minister Nirmala Sitharaman is expected to present the interim Budget on February 1. This is going to be her sixth Budget

NPS adoption dips to 4 month low in October amid corporate slowdown: NSO

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

Avoid withdrawing more from National Pension Scheme than you need

When the subscriber reaches superannuation or the age of 60, 60 per cent of the total corpus accumulated in NPS can be withdrawn as a lump sum

NPS adoption by govt sector at 5 month high in August, shows NSO data

Earlier, 85,586 new subscribers had joined the NPS in March 2023