Pension Schemes – YojanaKhabar.com

New NPS Account Opening Rule Date Extended! Now You need These Details from October 1

July 3, 2020 admin140Leave a Comment

The Pension Fund Regulatory and Development Authority has extended the date of applicability of a new rule for NPS account opening through Online PRAN Generation Module (OPGM). A PFRDA circular said, “Based on requests received from several Points of Presence (PoPs) and considering the prevailing situation, the advisory issued vide circular dated 20th April 2020 […]

Atal Pension Yojana: Auto-Debit Facility Restarts, Penalty Rules Eased

July 3, 2020 admin211Leave a Comment

The auto debit facility for contributions towards Atal Pension Yojana has resumed this month. Also, no penalty if Atal Pension Yojana contributions from April, 2020 to August, 2020 are regularised before September 30, 2020. This was said by pension fund regulator PFRDA or Pension Fund Regulatory and Development Authority (PFRDA). A subscriber can make contributions to Atal Pension Yojana […]

NPS Account Opening becomes Easier with OTP-Based Authentication. How to use It

June 30, 2020 admin390Leave a Comment

Opening a National Pension System (NPS) account has become easier than ever. The Pension Fund Regulatory and Development Authority (PFRDA) has announced that the subscribers can open their new NPS accounts through one-time password (OTP) based authentication process. To increase the outreach of the NPS, the pension regulator authority has adopted a slew of measures. The PFRDA […]

NPS: Do you know these amazing 7 Income Tax and GST benefits of NPS investment?

June 23, 2020 admin232Leave a Comment

As all of us are dealing with the Covid-19 pandemic crisis, the topmost priority for all of us is to be safe. In addition to staying safe, we also need to restart financial planning and it is important to note that extension granted by the Government to make investments for claiming the tax deductions for […]

NPS Deposit, Withdrawal: What to do before June 30

June 22, 2020 admin381Leave a Comment

Due to the coronavirus pandemic, the government had extended the last date till June 30 for making various investment/payment for claiming deduction for FY 2019-20. It includes National Pension Scheme (NPS) and other Section 80C investments like PPF and NSC. To incorporate this deadline extension, the income tax department has added a special provision in latest ITRs […]

NPS: Your POP still Locked Down? Here is How to Contribute through eNPS

June 19, 2020 admin385Leave a Comment

Due to various reasons, Nitesh Dutt, who falls in the 20 per cent tax bracket, was unable to make his yearly contribution of Rs 50,000 for the Financial Year (FY) 2019-20 to save additional tax of Rs 10,000 over and above the 80C deductions. One of the reasons was a change in his bank account. […]

Switch from NPS to Old Pension Scheme: What would happen to Your NPS Contributions?

June 17, 2020 admin283Leave a Comment

The Old Pension Scheme for the government employees, except for defence personnel, was replaced with the Contributory Pension System of New Pension Scheme (now called National Pension System) from January 1, 2004 and the employees, who joined on or after that date, need to make mandatory contributions every month from their salary to the NPS […]

NPS: Want to Withdraw Money Due to Outbreak? Check new PFRDA Instructions

June 12, 2020 admin305Leave a Comment

The Pension Fund Regulatory and Development Authority (PFRDA) has advised all Nodal office/POPs to accept the scanned and self-certified images of documents through digital means from NPS subscribers to process their withdrawal request due to Coronavirus. In a recent circular, the PFRDA noted that in the current pandemic situation, it may not be possible for […]

Atal Pension Yojana: This Pension Scheme allows Money Withdrawal Before this Age; Here is How

June 6, 2020 admin311Leave a Comment

Atal Pension Yojana (APY) is a deferred pension scheme governed by the Pension Fund Regulatory and Development Authority (PFRDA). The pension fund basically aims to provide regular income to the people employed in unorganised sector post-60 years of age through regular pension. Earlier, premature exit from the APY scheme was not permitted but now one […]

Soon e-NPS Subscribers can Exit from the Scheme via an Online Process: PFRDA

June 1, 2020June 2, 2020 admin404Leave a Comment

The Pension Fund Regulatory and Development Authority (PFRDA) has proposed to provide additional option to exit from NPS through an online process for e-NPS subscribers. Currently, an e-NPS account can be opened online, however, to exit the scheme there is no online process. According to the PFRDA press release, issued on May 27, the proposed online process […]