PFRDA

National Pension Scheme in India

Corporate Law - National Pension System (NPS) is a pension cum investment scheme launched by Government of India to provide old age security to Citizens of India. It brings an attractive long term saving avenue to effectively plan your retirement through safe and regulated market-based return....

Continuity of EEE and EET model of tax savings

Corporate Law - Domestic savings are crucial, both for the national economy as well as for the people who save, particularly during recessionary times. This was proved once again, wherein unlike many Western countries, India remained fairly insulated from the recent global economic slowdown due to its relatively high level of savings. Ideally one should ...

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Overseas Citizen of India can enroll in NPS at par with NRIs

Corporate Law - Pension Fund Regulatory and Development Authority (PFRDA) has now permitted Overseas Citizen of India (OCI) to enroll in National Pension Scheme (NPS) at par with Non-Resident Indians vide Circular No: PFRDA/2019/19/PDES/3 dated 29th October 2019....

NPS to observe Service Fortnight from June 27 to July 9, 2016

Corporate Law - National Pension System (NPS) to observe Service Fortnight from June 27 to July 9, 2016; Fortnight long campaign aims at awareness creation, service orientation and information dissemination along with subscribers registration. ...

Official amendments to the Pension Fund Regulatory and Development Authority Bill, 2011

Corporate Law - 1. that the subscriber seeking minimum assured returns shall be allowed to opt for investing his funds in such schemes providing minimum assured returns as may be notified by the Authority; 2. withdrawals not exceeding 25 per cent of the contribution made by subscriber will be permitted from the individual pension account subject to the ...

Public Comments and Stakeholders' Views Invited on the Report Submitted by Committee to Review Implementation of Informal Sector Pension

Corporate Law - A Committee to Review Implementation of Informal Sector Pension was constituted under the Chairmanship of Shri G N Bajpai former Chairman, SEBI, LIC and also member of PFRDA NPS Trust. The Committee has submitted its report on 1st July, 2011. The report is accessible on http://pfrda.org.in/indexmain.asp?linkid=180. Pension Fund Regulatory...

New pension policy – PFRDA to retain 50 per cent cap on equity investment

Corporate Law - Pension regulator, PFRDA, today said that it would like to maintain the 50 per cent limit on investment in equities for the new pension fund, regardless of the recommendation of the Bajpai committee. We think that at the current stage of pension market in the country, investing more than 50 per cent in equities is not going to be fair to ...

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Transfer of Legacy Funds of NPS Subscribers of Govt Sectors

PFRDA/17/07/0001/2017-SUP-C - (15/02/2021) - Transfer of Legacy Funds of NPS Subscribers of Government Sectors (SGs/ CABs/ SABs) pursuant to opening of choice of Investment schemes and Pension Funds- reg....

D – Remit for NRI – NPS Subscribers

Notification No. PFRDA/2021/4/SUP-CRA/4 And PFRDA/2020/44/SUP-CRA/17 - (03/02/2021) - D Remit or Direct Remittance offers the most convenient mode of depositing voluntary contributions into NPS which also optimizes the long term retirement wealth creation by offering same day NAV. Through D Remit, not only one time contributions can be made but also periodic NPS contributions can be ...

Exit through Self-authorization by e-NPS subscribers

Circular no.: PFRDA/2020/54/SUP-CRA/23 - (22/12/2020) - It has now been decided by PFRDA to make the exit process more agile and seamless by extending the off line Aadhaar for the purpose of self-authorizing the exit requests of e NPS Under the process, the eNPS Subscribers with a corpus up to Rs. 10 lacs (Rupees Ten Lacs) in their NPS Accounts can furni...

D-Remit – an additional option to contribute to NPS

CIR no. PFRDA/2020/44/SUP-CRA/17 - (01/10/2020) - Direct Remittance or D-Remit – an additional option to contribute – is now available for the Subscribers. D-Remit is an electronic system through which money can be transferred from Subscriber’s Bank account to the Trustee Bank directly. To use D-Remit, Subscriber is required to have a Virtual...

PFRDA (Exits and Withdrawals Under the National Pension System) (Amendment) Regulations, 2020

Notification No. PFRDA/12/RGL/139/8 - (29/09/2020) - 1. These regulations may be called the Pension Fund Regulatory and Development Authority (Exits and Withdrawals under the National Pension System) (Amendment) Regulations, 2020. 2. These shall come into force on the date of their publication in the official gazette....

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