Bringing a change in nomination in the NPS account will become much easier now. Instead of submitting the nomination form physically to make a change in the nomination, now one may do the same online. Through a circular issued on September 3, 2020, PFRDA has allowed the ‘e sign based online facility’ to change of […]Continue Reading..
Pension fund regulator Pension Fund Regulatory and Development Authority (PFRDA), on Wednesday, said the subscribers can now use online mode to exit the National Pension System (NPS). Currently, NPS subscribers have to physically approach their Points of Presence (POPs) to complete the withdrawal process and the task is done physically. NPS subscribers will need to submit the NPS withdrawal […]Continue Reading..
Pension Fund Regulatory and Development Authority (PFRDA) has released National Pension System (NPS) data including Atal Pension Yojana (APY) for the month of November, 2020. Here are the latest figures of National Pension System (NPS) and Atal Pension Yojana (APY):- The number of subscribers in various schemes under the National Pension System (NPS) rose to 388.62 […]Continue Reading..
NPS account opening forms: OTP based authentication has been allowed now. Due to the Covid-19 induced lock-down and mobility challenges on account of social distancing norms, a large number of NPS Subscribers find it difficult to submit NPS Account opening forms to Central Record Keeping Agencies(CRAs). It was also observed by PFRDA that collection of physical forms by […]Continue Reading..
With the timeline for submission of Life Certificate extended till 31st December in view of the Covid-19 pandemic, the central govt pensioners have three options to submit it to the banks. So far the deadline for the submission has always been 30th November, but this year the Centre has decided to give the pensioners an extra […]Continue Reading..
National Pension Scheme (NPS) is an ideal pension fund scheme which is regulated by the Pension Fund Regulatory and Development Authority (PFRDA). All the Indian citizens are eligible for a pension account under National Pension Scheme through eNPS. Aadhaar is mandatory for opening an NPS account. The KYC for NPS is done using Aadhaar through […]Continue Reading..
The National Pension System (NPS) is a low-cost investment that aims at accumulating funds for retirement. All investments that are linked to market-returns have certain charges. Such charges basically eat into the returns and hence the lower the charges, the better will be the maturity value, assuming the growth is the same. Most important of […]Continue Reading..
A lot of consumers ask very basic questions on National Pension System (NPS) like- what is the process of opening an NPS account, where to open an NPS account, what is the process to take out money from my NPS account and so on. Well, NPS account can be opened both online and offline and transactions can […]Continue Reading..
Atal Pension Yojana (APY) is a guaranteed pension scheme, launched in the year 2015 which primarily targeted especially the poor, the underprivileged, and the workers in the unorganized sector. This scheme is government-backed and is administered by the Pension Fund Regulatory and Development Authority (PFRDA). Through this scheme, people from the unorganized sector can save for […]Continue Reading..
NPS for Traders and Self Employed Persons: Modi (PM Modi) government is running various schemes for every category. – The government started the scheme of giving pension scheme to the businessmen of the country. Under NPS for Traders and Self Employed Persons (NPS) scheme, the applicant gets pension after 60 years. It is a matter […]Continue Reading..