Fema / RBI : Discover top investment options and tax-saving schemes for NRIs returning to India, including FDs, NPS, equity, real estate, mutua...
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 ...
Corporate Law : Explore the Government's plans for offering a guaranteed pension under NPS and the consideration of reverting to Old Pension Schem...
Corporate Law : Important updates on NPS-Lite-Swavalamban Scheme for subscribers. Learn about contributions, migration, updates and more on your p...
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 ...
Subscribers can now create Virtual ID for Direct Remittance (D-Remit) through NPS Mobile App instead of being redirected to eNPS portal. This is in addition to the option available on eNPS portal for creation of Virtual ID.
Introduction- The pleasure of receiving money may get reduced when a substantial part of money is paid by way of taxes. To maintain the pleasure, the money could better be invested in some tax saving schemes which will not only save taxes but will also provide returns. Let us take a look at some of […]
NPS Subscribers are empowered with the comprehensive end to end digitally enabled solutions to fulfill their evolving needs and allow them for performing various facets of NPS viz On-boarding, maintenance, contribution deposit, partial withdrawal and exit with greater ease and convenience. PFRDA had already enabled online paperless exit process of Non Govt Sector Subscribers.
PFRDA is pleased to extend the online and paperless process of exit to the Subscribers of Government Sector as an option in addition to the existing physical mode of exit. The online exit would be integrated with Instant Bank Account Verification as per the existing guidelines as part of enhanced due diligence in the interest of Subscribers. The facility would also be available to the employees of Autonomous Bodies of Central/State Government who are covered in NPS.
The scheme was initiated under the Employee’s Provident Fund and Miscellaneous Act, 1952, for the benefit of employee after his retirement. The scheme was a collection of fund by the employer and employee. FEATURE OF THE SCHEME: ♦ Under this scheme, the employer and employee both contributes the 12% of the employee’s salary and dearness […]
(1) These rules may be called the Central Civil Services (Payment of Gratuity under National Pension System) Rules, 2021. (2) They shall come into force on the date of their publication in the Official Gazette.
The exit/withdrawal norms of the Subscribers are defined by PFRDA (Exits and Withdrawals under NPS) Regulations, 2015 and its amendments. As per regulatory mandate, there are certain predefined conditions which fulfill the norms of exit viz premature exit, normal exit and exit due to unfortunate death of the Subscriber.
The Central Record Keeping Agencies (CRAs) appointed by PFRDA develop system level functionalities as per the evolving needs of NPS stakeholders in accordance with Section 21 of PFRDA Act 2013.
It has been decided to increase the entry age of NPS in the interest of Subscribers and benefit them with the opportunity of creating a long term sustainable pension wealth. The existing age of entry which is 18-65 years has been revised to 18-70 years.
A large number of Government Sector nodal offices have provided a positive feedback and have made several constructive suggestions. An endeavor has been made by PFRDA to incorporate those suggestions to the extent possible in the interest of Subscribers.
