Articles for National Pension Scheme

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 …

Pension Partial Withdrawal Subscriber Nps Partial Withdrawals Partial Withdrawal
Denial Of Pension By Retrospectively Applying Amended Rule Violates Constitutional Rights Under Articles 14, 16: Allahabad High Court
10 months, 4 weeks ago

Denial Of Pension By Retrospectively Applying Amended Rule Violates Constitutional Rights Under Articles 14, 16: Allahabad High Court

Live Law  

The Allahabad High Court has held that denial of pension by retrospectively applying amended rule is a violation of Articles 14 and 16 of the Constitution of India. While restoring pension of retired members State Electricity Regulatory Commission as prescribed under the unamended Uttar Pradesh Electricity Regulatory Commission Rules, 2008, the bench comprising of Justice Attau Rahman Masoodi and Justice …

India Supreme Court Court Pension Service Rules State
Govt Likely To Change NPS Rules For 40%-45% Assured Pension: Report
1 year, 6 months ago

Govt Likely To Change NPS Rules For 40%-45% Assured Pension: Report

ABP News  

The central government is considering revising the current market-linked National Pension Scheme to provide its employees with a minimum pension of 40 per cent to 45 per cent of their last drawn salary, reported news agency Reuters citing two government officials. Under the current National Pension Scheme, employees are required to contribute 10 per cent of their basic salary, while …

Pension Employees Report Old Cent System Nps
Govt mulling over assured pensions at 40-45% as some states move back to OPS
1 year, 6 months ago

Govt mulling over assured pensions at 40-45% as some states move back to OPS

Live Mint  

Amid the politics of the Old Pension Scheme vs National Pension Scheme, the Government of India officials on Wednesday said that they are mulling over some changes in the new market-linked pension scheme which will ensure employees a minimum pension of 40%-45% of their last drawn salary, a report by Reuters said. The development comes as many Opposition-ruled states in …

India Pension National Scheme Ops National Pension Scheme
NBFC extends national pension scheme for NRIs, domestic customers. 5 pointers
1 year, 9 months ago

NBFC extends national pension scheme for NRIs, domestic customers. 5 pointers

Live Mint  

Leading gold loan NBFC in the country, Muthoot Finance on Thursday extended its National Pension Scheme services to both its domestic and NRI customers. Muthoot is extending its NPS service to more potential customers through enhanced digital conveniences such as its website and the iMuthoot app. George Alexander Muthoot, Managing Director, of Muthoot Finance, said, "As part of our commitment …

Nri Customers Pension Scheme Its Customers Our Customers Nps Muthoot
Explained: National Pension Scheme (NPS) vs Old Pension Scheme (OPS)
1 year, 9 months ago

Explained: National Pension Scheme (NPS) vs Old Pension Scheme (OPS)

Hindustan Times  

With every passing day, demand for the restoration of the Old Pension Scheme is growing louder. Centre rolls out a one-time option for select employees to opt for OPS The central government recently decided to offer a one-time option for the "Old Pension Scheme" to a select group of central government employees. from the government servants appointed on or after …

India Population Congress Gujarat Elderly Pension National