Income Tax : The Income Tax Department has explained the tax treatment of gratuity, pension, leave encashment, provident funds, NPS, and retire...
Finance : mployers are increasingly migrating retirement savings from superannuation trusts to NPS due to lower costs, greater flexibility, ...
Income Tax : The issue is understanding complex NPS rules, tax benefits, and recent updates. The framework clarifies withdrawal flexibility, ta...
Corporate Law : The case highlights NPS as one of the few deductions available in the new tax regime. Employer contributions remain fully deductib...
Income Tax : Even under the new tax regime, employer contributions to NPS remain deductible under Section 80CCD(2). This reduces taxable income...
Corporate Law : Draft rules seek to bring petrol, gas, and hydrogen dispensers under approved testing centres. The key takeaway is enhanced regula...
Corporate Law : The Finance Ministry approved the extension of LC75 and Balanced Life Cycle (BLC) investment options to Central Government NPS/UPS...
Corporate Law : PFRDA consults on adopting dual valuation (Accrual/MTM) for Government Securities in NPS/APY schemes to stabilize NAV, reduce inte...
Finance : PFRDA rationalizes NPS Auto Choice and Life Cycle Fund names to align with actual equity and risk profiles. Funds are now Common S...
Corporate Law : PFRDA releases an exposure draft proposing amendments to NPS regulations, focusing on increased flexibility for exits, withdrawals...
Corporate Law : PFRDA has introduced the StAR NPS platform to enable a fully digital and assisted onboarding process for NPS subscribers. The fram...
Corporate Law : The authority clarified AMC alignment between Tier I and Tier II accounts to ensure uniformity. It also exempted low-balance accou...
Corporate Law : The issue involved enhancing the existing NPS Swasthya scheme. The circular introduces PoC 2 with revised features to improve flex...
Corporate Law : Revised guidelines require Points of Presence to compensate subscribers for service delays or operational failures without waiting...
Corporate Law : PFRDA clarified that the NPS Vatsalya Scheme Guidelines 2025 take effect from 23 February 2026. The circular also directs stakehol...
No. – 57/03/2022-P&PW(B)/8361 Government of India Ministry of Personnel, Public Grievances and Pensions Department of Pension and Pensioners’ Welfare *** 3rd Floor, Lok Nayak Bhavan, Khan Market, New Delhi, Dated the 25th October, 2022 OFFICE MEMORANDUM Subject: Emoluments for determining mandatory contributions under National Pension System in respect to Central Government employees covered under NPS. […]
Nomination can be made only by the subscriber. However, there are special provisions enabled as per exit regulations for treating the nomination as made in the service records to protect the interest of the subscribers who were employed and covered under NPS through their employers.
It is observed that in certain cases, the subscribers post availing lump sum had met with unfortunate death but before issuance of annuity and the amount meant for Annuity lie in CRA System. In such cases, the following are the guidelines which can be applicable to handle the corpus meant for issue of Annuity,
Steps for opening NPS account and updating address in NPS account using Driving License issued in DigiLocker
CRAs have the responsibility to develop new functionalities or utilities, establish new processes, and offer multiple models of interface for the uploading offices in order to provide maximum flexibility in terms of operation for the benefit of the subscribers as an ongoing exercise to fulfil their obligations that ultimately benefit the Subscribers.
Explore the National Pension Scheme (NPS) – a retirement savings account introduced by the Central Government. Learn benefits, contributions, tax benefits, exit options, and more. Join NPS for a secure and regulated investment in your retirement planning.
Introduction of Systematic Lump sum Withdrawal (SLW) for the benefit of NPS Subscribers and facilitate them with smart withdrawal facility
The Exit Form submitted by NPS retiree must be considered as the proposal form, for offering the immediate annuity product by the insurance companies.
Pension Fund Regulatory and Development Authority Circular no: PFRDA/2022/19/SUP-CRA/6 | Dated: Aug 25, 2022 To, All the NPS stakeholders Subject: Changes in process flow of e-Nomination for the benefit Government / Corporate Sector Subscribers PFRDA had introduced e – Nomination facility for the benefit of NPS Subscribers vide its communication dt. 03.09.2020. 2. The existing […]
Regulatory Sandbox (RS) nurtures responsible innovation in Financial/Pension/Retirement Planning services to promote efficiency, which eventually benefits the investors, Subscribers, consumers and users.
