How can non-resident Indians contribute, and invest in the NPS scheme
1 year, 5 months ago

How can non-resident Indians contribute, and invest in the NPS scheme

Live Mint  

NPS scheme for NRIs: Non-resident Indians aged 18 to 60 can invest in India's National Pension Scheme by adhering to KYC norms. NPS minimum account opening The NPS has a minimum account opening contribution of ₹500, a minimum per contribution of ₹500, and a minimum annual contribution of ₹6,000, said Amit Gupta, MD, SAG Infotech. Benefit of NPS contribution Contribution to NPS qualifies for tax deduction under section 80CCD up to 205 of gross total income or 1.5 lakh whichever is lower, said Divakar Vijayasarathy, Founder, CEO, DVS Advisors Additionally, subscribers are also allowed a deduction in addition to the deduction already allowed under Section 80CCD for contribution to the NPS account, subject to a maximum of ₹50, 000 under Section 80CCD of IT Act, 1961. Withdrawal conditions for NPS Amit Gupta said, exit and withdrawal guidelines include annuitizing a minimum of 40% at age 60, with a maximum lump sum of 60%.

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History of this topic

Why NPS can be your only retirement plan
1 month, 3 weeks ago

Why NPS can be your only retirement plan

New Indian Express  

The benefits of the National Pension Scheme significantly far outweigh the effort needed to learn and understand about investing. For years, you have put aside money for your retirement through employee provident funds, public provident funds, other government guarantee schemes or fixed deposits. Pension schemes across many countries in Europe are based on government guarantees. In India, 32.7 crore people …

How much can you invest in NPS? Secure lakhs in monthly pension
2 months, 1 week ago

How much can you invest in NPS? Secure lakhs in monthly pension

India TV News  

Retirement planning is essential for a financially secure future. By investing in NPS, you can earn a monthly pension of lakhs depending on your investment strategy. If your target is a pension of Rs 1 lakh per month, you would need to invest Rs 20,000 per month. How can NPS provide Rs 1 lakh monthly pension Here’s how your savings …

New pension scheme for minors: Should you invest in NPS Vatsalya?
4 months, 2 weeks ago

New pension scheme for minors: Should you invest in NPS Vatsalya?

Live Mint  

NPS Vatsalya is a National Pension System contributory new pension scheme for minors. NPS Vatsalya account opening eligibility All minor citizens up to 18 The account is opened in the minor's name and managed by their guardian until the child turns 18. For online account opening, you do so at the NPS Trust's eNPS platform Documents required for opening NPS …

How NRIs can invest in Indian mutual funds
4 months, 2 weeks ago

How NRIs can invest in Indian mutual funds

Live Mint  

MUMBAI : Mutual funds have emerged as an attractive investment vehicle for non-resident Indians keen on participating in India’s booming economy. Mutual funds also allow a person to spread risk across market caps, sectors and asset classes, providing NRIs with professionally managed portfolios and long-term growth potential without the intricacies of managing individual stocks. Here's the Mint step-by-step guide to …

Why you should consider National Pension System (NPS) over other annuity scheme?
2 years ago

Why you should consider National Pension System (NPS) over other annuity scheme?

Live Mint  

NPS scheme: The National Pension System helps in creating a stable income source for every individual post-retirement. According to tax and investment experts, NPS provided an affordable investment model among other annuity plans available in the market along with income tax benefits. On why one should choose NPS over other annuity schemes available in market, Sreekanth Nadella, MD and CEO …

NPS subscribers can now invest up to 75% in equity — Know all about it
2 years, 5 months ago

NPS subscribers can now invest up to 75% in equity — Know all about it

Firstpost  

PFRDA has decided to allow an option to allocate 100 percent of a subscriber’s contribution to Asset Class E in Tier-II under the active choice without any conditions of tapering from the age of 51 years The equity allocation guidelines for National Pension System accounts have been recently modified by the Pension Fund Regulatory Authority. Further, PFRDA has decided to …

NPS Subscribers Can Now Invest Up To 75% In Equity — Here's What It Means
2 years, 5 months ago

NPS Subscribers Can Now Invest Up To 75% In Equity — Here's What It Means

News 18  

The Pension Fund Regulatory Authority has recently revised the equity allocation standards for National Pension System accounts. As a result, NPS subscribers can now invest up to 75 percent of their funds to equity under active choice without any conditions of tapering from the age of 51 years as earlier. Under NPS-All Citizen Model, as of now, subscribers have the …

NPS scheme: 5 reasons to opt this plan for better return with minimum risk
2 years, 7 months ago

NPS scheme: 5 reasons to opt this plan for better return with minimum risk

Live Mint  

NPS scheme: The National Pension System is a unique pension plan backed by the Government of India, which provides both equity and debt exposure in single investment. Speaking on the reason for NPS scheme gaining popularity among investors, Ajit Kumar, Chief Strategy Officer at KFintech said, "One of the reasons NPS is growing in popularity is its highly simple and …

How can NRIs invest in mutual funds in India
2 years, 9 months ago

How can NRIs invest in mutual funds in India

Live Mint  

Indian mutual fund industry is growing by leaps and bounds with newer records being made with every passing month. Lately in May 31, 2022; total net assets under management of mutual funds surpassed Rs 13.22 lakh crore across 312 fund schemes, as per the latest AMFI data. Let us explore how can NRIs invest in mutual funds in India. After …

NPS Calculator: Want to Get Rs 50,000 Pension After Your Retirement? Know How to Invest
2 years, 9 months ago

NPS Calculator: Want to Get Rs 50,000 Pension After Your Retirement? Know How to Invest

News 18  

NPS Calculator: Indian citizens who contribute to the country’s workforce look for several schemes, which will help them save money and provide returns without having much risk. The NPS is jointly offered by the Pension Fund Regulatory and Development Authority and the government of India, and acts as a stable savings against one’s retirement. NPS Eligibility A National Pension Scheme …

NPS could get additional income tax benefits: Key things to know
3 years, 2 months ago

NPS could get additional income tax benefits: Key things to know

Live Mint  

People have a lot of expectations from Nirmala Sitharaman's Union Budget 2022. The additional deduction limit under the National Pension Scheme could be raised from ₹50,000 to ₹1 lakh this year. However, an increment in the limit for additional deduction for NPS investments would also amount to a similar correct step in the right direction,” he said. Amit Gupta, MD, …

Should you invest in NPS just for the tax benefits?
3 years, 5 months ago

Should you invest in NPS just for the tax benefits?

Live Mint  

National Pension Scheme is an essential retirement planning tool. NPS investment has two options Active mode: The investor can evaluate the return annually and switch from equity to debt and debt to equity options in the active mode. This scheme has brought the comfort of the monthly pension enjoyed by the government employees to others like employees, freelancers, self-employed, etc.,” …

NPS scheme: 5 benefits of National Pension System that you should know
3 years, 8 months ago

NPS scheme: 5 benefits of National Pension System that you should know

Live Mint  

NPS scheme: National Pension System is a retirement-oriented investment option that provides a periodic annuity and a lump sum corpus on the attainment of retirement age. NPS scheme is one of the ideal pension and retirement planning schemes available in India for salaried, self-employed professionals and freelancers like lawyers, doctors, chartered accountants, entrepreneurs, architects and others who work in their …

Non-residents can easily open NPS account online
3 years, 9 months ago

Non-residents can easily open NPS account online

Live Mint  

Non-Resident Indian or NRI can open an National Pension System account online if he/she has a PAN card and an account in a bank. NPS is a retirement savings scheme wherein subscribers are allotted a Permanent Retirement Account Number which is unique to every consumer. By investing in NPS, one can get an additional tax benefit of ₹50,000 under Section …

This Scheme Offers Fixed Monthly Pension of up to Rs 5,000; Eligibility and Other Details
3 years, 10 months ago

This Scheme Offers Fixed Monthly Pension of up to Rs 5,000; Eligibility and Other Details

News 18  

Central government’s Atal Pension Yojana is a social security scheme. The scheme is based on the National Pension Scheme framework and has provisions to provide monthly pension upto Rs 5000 to individuals with a deposit of Rs 7 per day. If a person becomes a subscriber of APY at the age of 18 years, then he will have to deposit …

How to open an NPS account online: Step-by-step guide
4 years, 8 months ago

How to open an NPS account online: Step-by-step guide

India Today  

National Pension System is a pension cum investment scheme launched by the Government of India launched in January 2004 for government employees to provide old age security to Citizens of India. To open an NPS account online, you will need to have a mobile number, and email ID and an active bank account with Net banking facility. Here’s how to …

Now Overseas Citizens of India can also subscribe to National Pension System: Govt
5 years, 5 months ago

Now Overseas Citizens of India can also subscribe to National Pension System: Govt

Firstpost  

New Delhi: Overseas Citizens of India will now be eligible to apply for the National Pension System at par with NRIs, the government said on Wednesday. Pension Fund Regulatory and Development Authority has now permitted Overseas Citizen of India to enroll in NPS at par with Non-Resident Indians vide circular dated 29 October, 2019, the Finance Ministry said in a …

NRIs can invest in Indian markets through RBI scheme
6 years, 9 months ago

NRIs can invest in Indian markets through RBI scheme

Live Mint  

I want to convert my resident demat account to a non-resident Indian demat account. —Maram Rangaiah When you become an NRI you must convert your resident demat account to non-resident demat account. —Latha Rajamani You are allowed to remit a maximum of $250,000 from India in one financial year, under RBI’s Liberalized Remittance Scheme, to your daughter as maintenance. To …

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 …

NRIs can now invest in National Pension System-IndiaTV News
9 years, 8 months ago

NRIs can now invest in National Pension System-IndiaTV News

India TV News  

New Delhi: Non-resident Indians can invest in National Pension System to get a social security cover, pension regulator PFRDA's chairman Hemant Contractor said on Wednesday. While RBI has communicated to PFRDA about NRIs being eligible to make such investments, the government will shortly come out with a clarification on Foreign Exchange Management Act guidelines to facilitate non-resident Indians to invest …

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