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Income Tax : Explore the worthiness of investing in NPS under Section 80CCD deduction for salary individuals/HUFs. Learn about tax benefits, re...
Corporate Law : Explore the evolution of pension schemes in India, from the traditional old pension scheme to the modern New Pension Scheme (NPS)....
Income Tax : Explore the best tax-saving investment options in India, including PPF, NPS, ULIPs, ELSS, and Tax Saving Fixed Deposits. Learn how...
Income Tax : Discover tax treatment of retirement benefits in India, including gratuity, pensions, leave encashment, and provident funds. Under...
Corporate Law : Explore the proposed Risk Management Framework for Central Recordkeeping Agencies (CRAs) under NPS architecture. Provide feedback ...
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Corporate Law : Steps for opening NPS account and updating address in NPS account using Driving License issued in DigiLocker ...
Corporate Law : Introduction of Systematic Lump sum Withdrawal (SLW) for the benefit of NPS Subscribers and facilitate them with smart withdrawal...
Corporate Law : Explore PFRDA Circular No. PFRDA/2024/13/SUP-CRA/07 on same-day investment for NPS contributions effective from 1st July 2024. Und...
Corporate Law : Explore the latest updates from CRAs under PFRDA for NPS/APY functionalities in FY 2023-24. Learn about new features, benefits, an...
Corporate Law : Explore the latest PFRDA Circular (No: PFRDA/2023/35/Sup-CRA/11) enabling NPS subscribers to conveniently contribute via personali...
Corporate Law : Discover the PFRDA latest circular on Systematic Lump Sum Withdrawal (SLW) for NPS Subscribers. Learn about phased lump sum withdr...
Corporate Law : Explore the PFRDA Circular on mandatory penny drop verification for NPS withdrawals and bank account updates, ensuring subscriber ...
NPS/APY Subscribers permitted to withdraw from their Permanent Retirement Account Number (PRAN) as per applicable guidelines and provisions of regulations issued by PFRDA.
It needs to be ensured that the name of the subscriber and Date of Birth (DoB) as per CRA records do match with the information available in Aadhaar.
PFRDA decided to allow intermediaries to use technological intervention by using VCIP as an added due diligence mechanism for verification of nominee/claimant/legal heir while processing withdrawal claims in case of death of NPS subscribers.
The circular also provided for the option of submission of the partial withdrawal requests by the subscribers through their nodal office/POPs as per the prevalent practice.
List of functionalities developed and made available by CRAs during Quarter II of current FY 2022-23 is for benefit of subscribers and other stakeholders
PFRDA takes a plethora of initiatives, enablers, empowerment kits & series of digitally enabled solutions for the large-scale adoption of NPS for the holistic retirement planning of the existing and prospective Subscribers.
e-NPS Govt provides the opportunity for the employees of Government Sector and empowers them to open NPS Acct with ease and lot of convenience in a paperless mode.
PFRDA had enabled multiple modes of digital on boarding into NPS through Digi Locker Issued Documents, Aadhaar e KYC/XML and PAN/Bank account.
Rule 20 of Central Civil Services (Implementation of NPS) Rules, 2021 provides for entitlement of family members on death of a Central Government covered under National Pension System.
Entitlement on discharge from service on account of invalidation or disablement to a Central Government servant covered under National Pension System -reg No.57/03/2022-P&PW(B)/8361 (2) 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 28th October, 2022 […]