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 : India is fast becoming one of the world’s largest connected nations - with over 80 Crores Indians presently connected and using ...
Income Tax : National Pension System (NPS) is a pension cum investment scheme launched by Government of India to provide old age security to ...
Corporate Law : PFRDA alerts public on fake NPS/APY schemes via SMS, calls, or apps. Advises caution and reporting of fraud through official chann...
Corporate Law : The National Pension System (NPS) offers flexible, low-cost pension options with digital accessibility, aiming to expand coverage ...
Corporate Law : Stakeholders and public can provide feedback on draft Unified Pension Scheme Regulations, 2025, under NPS for Central Government e...
Corporate Law : Discover how the National Pension System (NPS) offers flexibility, tax benefits, and long-term financial security, catering to all...
CA, CS, CMA : PFRDA invites proposals for a Chartered Accountant/Cost Accountant firm for accounting work and tax consultancy for the period Aug...
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 Bhavishya portal is mandatory for processing central government pension cases since 2017, ensuring timely settlements per CCS ...
Corporate Law : PFRDA has issued regulations for the Unified Pension Scheme under NPS, applicable to Central Government employees from April 1, 20...
Corporate Law : PFRDA mandates Aadhaar-based authentication for NPS transactions in government offices, enhancing security with two-factor login f...
Corporate Law : PFRDA Circular mandates that annuity cancellations for NPS subscribers can only occur during the free look period, effective immed...
Corporate Law : PFRDA introduces NPS contributions through Bharat Bill Payment System (BBPS), offering a convenient payment option with minimal ch...
Timeline for processing Partial Withdrawal requests has also been reduced to T+2 across all CRAs now. For instance, those partial withdrawal requests authorized on Monday till specified timelines shall be processed such that the Subscribers’ Bank Account is credited on Wednesday, considering those 3 days are settlement days.
NPS/APY Subscribers permitted to withdraw from their Permanent Retirement Account Number (PRAN) as per applicable guidelines and provisions of regulations issued by PFRDA.
APY, the flagship social security scheme of the Government of India, which was launched on 9th May 2015, with the objective to provide old age income security to all Citizens of India, particularly to the people working in the unorganised sectors, has recently crossed the landmark of 5 crore enrolments. The scheme has done very […]
PFRDA introduce an advanced mode of Bank Acct Verification of Subscribers (PAN-PRAN- VPA(UPI)) with elegant features where the joint holder details, PAN and UPI Ids are verified through NPCI and matched with Permanent Retirement Acct Number (PRAN).
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.
