Centre permits partial withdrawal to NPS subscribers
6 years, 10 months ago

Centre permits partial withdrawal to NPS subscribers

ABP News  

New Delhi, May 5 : Partial withdrawals will now be allowed to subscribers under the National Pension System, who wish to improve their employability or acquire new skills by pursuing higher education/ acquiring professional and technical qualifications, the Centre stated on Friday. Following the Board meeting of the Pension Fund Regulatory and Development Authority, it was decided that individual NPS subscribers who wish to set up a new business or acquire a new one will be allowed to make partial withdrawals from his/her contributions. However, the authority said the change would be subject to a cap on investments in 'A' rated bonds to be not more than 10 percent of the overall corporate bond portfolio of the pension funds. Under the present scheme, increasing cap on equity investment in active choice for private sector subscribers involves a cap of 50 percent on equity investment under active choice in NPS.

History of this topic

Planning to start SIP? 2 reasons why you should consider NPS
1 month ago
Why NPS can be your only retirement plan
1 month, 2 weeks ago
Centre finally notifies Unified Pension scheme option for government staff covered by NPS
2 months ago
The National Pension System was tweaked for flexibility but awaits tax clarity
2 months, 2 weeks ago
NPS: This pension fund manager gave the highest return of 26% in past one year. Check top performers here
2 months, 3 weeks ago
NPS: This pension fund manager gave the highest return of 26% in past one year. Check top performers here
2 months, 3 weeks ago
NPS Assets to Reach Rs 15 Lakh Crore by Year End
3 months ago
NPS Assets To Reach Rs 15 Lakh Crore By End Of Fiscal Year: PFRDA Chairman
3 months ago
Kerala reports encouraging growth in National Pension System adoption
3 months, 3 weeks ago
New pension scheme for minors: Should you invest in NPS Vatsalya?
4 months, 1 week ago
Know more about NPS Vatsalaya, a new scheme for children
6 months ago
EPS pensioners’ body urges Centre to follow NPS for calculating pension wealth
6 months, 1 week ago
Reforms to strengthen Unified Pension Scheme
6 months, 3 weeks ago
Why did the Centre alter its pension plan?
6 months, 3 weeks ago
Unified Pension Scheme: How does it differ from the Old and New Pension Scheme?
6 months, 3 weeks ago
No proposal to increase time limit for employees to switch from NPS to old pension scheme: Centre
7 months, 2 weeks ago
Government employees may soon get 50% of last pay as pension under NPS: Report
8 months, 2 weeks ago
Budget 2024: Central govt employees may receive 50 per cent of last drawn salary as pension under NPS
8 months, 2 weeks ago
National Pension System and Atal Pension Yojana corpus surpasses Rs 12.3 Lakh Crore, targets Rs 15 Lakh crore this fiscal
9 months, 1 week ago
NPS vs VPF: A Comparative Analysis of Interest Rates and Investment Features
10 months ago
NPS partial withdrawal new rule effective from February: What's different?
1 year, 1 month ago
NPS scheme may get a makeover in Interim Budget 2024
1 year, 2 months ago
Maharashtra Cabinet permits OPS option for government employees hired through ads issued before November 2005
1 year, 2 months ago
Andhra Pradesh Government publishes Ordinance on Guaranteed Pension System for employees
1 year, 5 months ago
How can non-resident Indians contribute, and invest in the NPS scheme
1 year, 5 months ago
Over ₹10 lakh crore under its watch, NPS to ease withdrawal options
1 year, 6 months ago
Govt Likely To Change NPS Rules For 40%-45% Assured Pension: Report
1 year, 9 months ago
Failure to join NPS resulted financial burden of Rs 670 crore for TN: CAG Report
1 year, 11 months ago
National Pension System: From Tax Benefits, Schemes To Withdrawal. Know Everything About The Pension Scheme
2 years ago
How to generate a monthly pension of Rs.1 lakh from NPS?
2 years ago
National Pension System (NPS): Why you must opt for this scheme
2 years ago
Old pension scheme will burden future taxpayers: NITI Aayog Vice-Chairman
2 years, 3 months ago
NPS subscribers can now invest up to 75% in equity — Know all about it
2 years, 4 months ago
NPS Subscribers Can Now Invest Up To 75% In Equity — Here's What It Means
2 years, 4 months ago
National Pension System: Check how to apply for NPS Tier II account
2 years, 5 months ago
PFRDA Looks to Offer Guaranteed Pension Programme Under NPS
2 years, 7 months ago
NPS scheme: 5 reasons to opt this plan for better return with minimum risk
2 years, 7 months ago
NPS Subscribers Can Now Change Investment Pattern 4 Times In A Year; Check NPS Details
2 years, 9 months ago
NPS Calculator: Want to Get Rs 50,000 Pension After Your Retirement? Know How to Invest
2 years, 9 months ago
NPS To Soon Have Risk Rating System; Know How You Should Pick Best Pension Scheme
2 years, 9 months ago
NPS Calculator: How to Get Rs 1 Lakh Pension Per Month With Monthly Investment of Rs 5,000
2 years, 10 months ago
NPS Update: Centre Mulling Over Raising Annuatised Pension Withdrawal Amount
2 years, 11 months ago
‘PFRDA plans to lift 75% equity cap on NPS Tier II’
3 years ago
NPS scheme: Government employees must know these rules to avail big benefits
3 years ago
NPS could get additional income tax benefits: Key things to know
3 years, 2 months ago
NPS Subscribers May Soon Get To Change Investment Pattern, Says PFRDA
3 years, 2 months ago
With average pension pot of ₹5 lakh at 60, Indians choosing not to retire
3 years, 3 months ago
Should you invest in NPS just for the tax benefits?
3 years, 4 months ago
PPF vs NPS: Which investment plan is better for creating retirement corpus?
3 years, 5 months ago
NPS scheme: 5 benefits of National Pension System that you should know
3 years, 8 months ago

Discover Related