NPS partial withdrawal new rule effective from February: What's different?
10 months, 2 weeks ago

NPS partial withdrawal new rule effective from February: What's different?

Hindustan Times  

The Pension Fund Regulatory and Development Authority has introduced a new provision allowing National Pension System subscribers to make partial withdrawals for specific purposes, effective from February 1. What is the new eligibility, limit, frequency for NPS partial withdrawal? The partial withdrawal amount should not exceed 25 per cent of the subscriber's total contributions in their individual pension account, excluding the employer's contribution, as of the withdrawal application date. vs Old Pension Scheme ) New reasons admissible for partial withdrawals The National Pension System now allows subscribers to make partial withdrawals for various reasons, including: 1.

Pension Partial Withdrawal Subscriber Nps Partial Withdrawals Partial Withdrawal National Pension Scheme  whats  withdrawals  withdrawal  national  effective  expenses  nps  scheme  rule  pension  subscribers  partial  different  subscriber

History of this topic

How to reclaim withdrawn but unclaimed amount from National Pension System (NPS) account?
1 year, 10 months ago

How to reclaim withdrawn but unclaimed amount from National Pension System (NPS) account?

India TV News  

The Pension Fund Regulatory and Development Authority has announced that National Pension System subscribers can retrieve their 'withdrawn but unclaimed' funds by following a specified format. There have been cases where the corpus of subscribers was unable to be credited to their savings bank accounts due to incorrect bank details or because the subscribers cancelled the annuity during the "free …

NPS subscribers to get systematic lumpsum withdrawal: PFRDA
2 years, 2 months ago

NPS subscribers to get systematic lumpsum withdrawal: PFRDA

Live Mint  

Just like systematic withdrawal plan of mutual funds, PFRDA has proposed the introduction of Systematic Lumpsum Withdrawal. This will enable NPS subscribers to stay invested with their lumpsum benefit that they get after attaining retirement to generate regular income till 75 years of age. Currently, NPS subscribers get lumpsum benefit of 60 percent of the total accumulated corpus and the …

NPS Subscribers Can Now Change Investment Pattern 4 Times In A Year; Check NPS Details
2 years, 6 months ago

NPS Subscribers Can Now Change Investment Pattern 4 Times In A Year; Check NPS Details

News 18  

National Pension System‘s subscribers will now have an option to change their asset allocation four times in a financial year. It is a government- Schemes Under the NPS In the National Pension System, there are multiple pension fund managers and investment options. “Schemes of the National Pension System are becoming an important asset for investment for long-term saving of the …

NPS scheme: Government employees must know these rules to avail big benefits
2 years, 9 months ago

NPS scheme: Government employees must know these rules to avail big benefits

India Today  

The National Pension System is an essential savings scheme for central government employees. NPS ACCOUNT OPENING RULES An NPS account of central government employees is opened immediately on joining the service. INVESTMENT IN NPS ACCOUNT An employee can make contributions above the mandatory limit of 10 per cent in Tier I account of NPS. On exit from NPS on 60 …

NPS Subscribers May Soon Get To Change Investment Pattern, Says PFRDA
2 years, 11 months ago

NPS Subscribers May Soon Get To Change Investment Pattern, Says PFRDA

ABP News  

New Delhi: Subscribers of the National Pension Scheme will soon get to change the investment pattern, according to the announcement by the Pension Fund Regulatory and Development Authority. In an official tweet, the PFRDA chairman said it will soon allow subscribers of the NPS scheme to change the investment pattern as many as four times during a financial year as …

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

NPS Rule Change: Now, Withdraw Full Contributions Without Buying Annuity; Check Conditions Here
3 years, 6 months ago

NPS Rule Change: Now, Withdraw Full Contributions Without Buying Annuity; Check Conditions Here

ABP News  

New Delhi: Here is a news for NPS subscribers looking to withdraw their corpus! In a notification, the Pension Fund Regulatory and Development Authority has allowed subscribers to withdraw the entire accumulated pension wealth without purchasing annuity if the pension corpus is less than Rs 5 lakh. According to the existing rule, NPS subscribers with a corpus of over Rs …

PFRDA permits withdrawal of pension corpus of Rs 5 lakh without buying annuity
3 years, 6 months ago

PFRDA permits withdrawal of pension corpus of Rs 5 lakh without buying annuity

India TV News  

The Pension Fund Regulatory and Development Authority has allowed subscribers to withdraw the entire accumulated pension wealth without purchasing annuity if the pension corpus is less than Rs 5 lakh. Currently, NPS subscribers having a corpus of over Rs 2 lakh at the time of retirement or attaining the age of 60 years need to buy an annuity, offered by …

NPS New Rule: These Subscribers May be Able to Withdraw the Entire Contribution Soon
3 years, 7 months ago

NPS New Rule: These Subscribers May be Able to Withdraw the Entire Contribution Soon

News 18  

In a bid to provide relief to thousand of pensioners amid the second wave of coronavirus pandemic, the regulatory body may soon allow the retired people to withdraw their entire lifetime contributions. National Pension System subscribers will soon be permitted to withdraw their entire money at one go if pension corpus is up to Rs 5 lakh, news agency IANS …

The Hindu Explains | Why is the government tweaking the National Pension System?
3 years, 7 months ago

The Hindu Explains | Why is the government tweaking the National Pension System?

The Hindu  

The story so far: Started as the New Pension Scheme for government employees in 2004 under a new regulator called the Pension Fund Regulatory and Development Authority, the National Pension System has been open for individuals from all walks of life to participate and build a retirement nest-egg. To avoid forcing people into such an unattractive investment, the regulator has …

Discover Related