Corporate Law : The 2025 amendments scrap key lock-ins and vesting conditions, allowing earlier and more flexible exits. The ruling links withdraw...
Corporate Law : Learn about the Unified Pension Scheme (UPS) for Central Govt employees under NPS. Check eligibility, contribution details, assure...
Corporate Law : Learn about the regulatory body overseeing GIFT City in India, the International Financial Services Centres Authority (IFSCA). Exp...
Finance : Discover the ins and outs of India's National Pension System (NPS) – eligibility, contributions, investments, tax benefits, and ...
Income Tax : When it comes to planning for retirement, one of the most popular investment options in India is the National Pension System (NPS)...
Corporate Law : The address highlights how pension funds can support India's journey towards Viksit Bharat 2047 by providing retirement security a...
Corporate Law : PFRDA has introduced the AI-powered Pension Sahayak portal, replacing the earlier CGMS with a multilingual, voice-enabled grievanc...
Corporate Law : The address highlights how Aadhaar, UPI, eNPS, and other digital tools are transforming pension enrolment and service delivery. It...
Corporate Law : PFRDA has proposed major reductions in grievance resolution timelines under the NPS framework. The draft aims to improve accountab...
Finance : The agreements introduce structured protocols for intelligence sharing and monitoring compliance under PMLA. The ruling highlights...
Income Tax : ITAT Ahmedabad held that PFRDA Act, 2013 doesn’t prescribed any due date for payment of employee’s contribution to National Pe...
Corporate Law : The Government has decided that the date of application, not the date of appointment, will determine pension eligibility for compa...
Corporate Law : PFRDA has revised the audit requirements for NPS-Lite PoPs to ensure stronger governance and operational compliance. The framework...
Corporate Law : PFRDA has introduced a revised audit framework for Atal Pension Yojana Points of Presence, linking audit frequency to subscriber b...
Corporate Law : PFRDA has introduced a revised audit framework for PoPs handling NPS and NPS Vatsalya, prescribing new audit frequency, eligibilit...
Corporate Law : PFRDA has permitted Government Entities to continue availing Point of Presence services despite the earlier requirement for direct...
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.
PFRDA provides digitally enabled exit solutions for its Subscribers through Aadhaar / Two Factor Authentication (2FA). Under NPS, the Subscribers at the time of exit can avail of a defined amount as a lump sum and the balance amount has to be utilized for the purchase of immediate Annuity from the empanelled Annuity Service Providers (ASP)
PFRDA Request for Proposal for Appointment of Chartered Accountant/ Cost Accountant Firm as Internal Auditor of PFRDA for F.Y.2022-23
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.
PFRDA to allow option to allocate 75% of subscriber’s contribution in Asset Class E (Equity) in Tier-I under active choice without any conditions of tapering from the age of 51 years.
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,
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.
Introduction of Systematic Lump sum Withdrawal (SLW) for the benefit of NPS Subscribers and facilitate them with smart withdrawal facility
