PFRDA

Government increases age to join National Pension Scheme to 65 years

Government increases age to join National Pension Scheme to 65 years

Now, any Indian citizen, resident or non-resident, between the age of 60- 65 years, can also join NPS and continue up to the age of 70 years in NPS. 

Nov 01, 2017, 18:02 PM IST
PFRDA announces range of incentives to expand pension coverage

PFRDA announces range of incentives to expand pension coverage

Besides the initiatives taken -- introducing e-NPS, reducing minimum contribution levels, new investment instruments and aggressive life cycle funds, the PFRDA has now taken a further step in this direction by increasing the incentives payable to POPs, an official release from the Ministry of Finance noted.

Oct 28, 2017, 12:13 PM IST
APY subscribers to touch 1 crore by March 2018: Finance Minister

APY subscribers to touch 1 crore by March 2018: Finance Minister

Pitching for increasing the pace of Aadhaar seeding, Kumar said, efforts have to be made to push this beyond the current level of 40 per cent.

Oct 13, 2017, 16:25 PM IST
National Pension Scheme: Age limit raised to 65 years

National Pension Scheme: Age limit raised to 65 years

PFRDA has announced that the upper age limit for joining the National Pension Scheme (NPS) had been raised to 65 years, from the current 60.

Sep 11, 2017, 13:49 PM IST
Age limit to join NPS raised to 65 years: Regulator

Age limit to join NPS raised to 65 years: Regulator

Explaining that the rationale behind government reforms in pensions is to facilitate "portability", or the transfer of superannuation funds by making the NPS more attractive and customer-friendly.

Sep 11, 2017, 13:46 PM IST
PFRDA to update contact details of NPS subscribers

PFRDA to update contact details of NPS subscribers

Pension fund regulator PFRDA will update latest contact details of National Pension System (NPS) subscribers to reduce grievances during its service fortnight starting June 27.

Jun 19, 2017, 22:01 PM IST
Aadhaar must to avail govt co-contribution under Atal Pension Yojna

Aadhaar must to avail govt co-contribution under Atal Pension Yojna

The finance ministry on Monday said subscribers of the Atal Pension Yojna (APY) will have to link their Aadhaar to their accounts for availing up to Rs 1,000 government's co-contribution.

Jun 12, 2017, 20:20 PM IST

'India ageing gradually; every 5th person to be 60+ by 2050'

By 2050 every 5th Indian will be in 60s as against every 12th at present. It means India will transform gradually from young to a 'greying' country.

May 15, 2017, 23:02 PM IST

PFRDA eases process of 'retirement advisers' registration process

The government on Tuesday announced it was easing the process of registration of "retirement advisers", with the Pension Fund Regulatory and Development Authority (PFRDA).

Apr 25, 2017, 23:42 PM IST

PFRDA makes NPS retirement advisor registration easier

Pension regulator PFRDA on Tuesday said it has made the process of registration of retirement advisors easier for wider coverage of the National Pension System (NPS) and applicants can now apply online.

 

Apr 25, 2017, 20:30 PM IST

Let govt staff's pension funds to invest 50% in equities: PFRDA

The pensions fund regulator PFRDA wants government to more than treble investment levels in equity markets by government subscribers under the National Pension System (NPS) up to 50 percent from 15 percent now.

 

Mar 09, 2017, 18:18 PM IST
No tax on fund transfer from PF to NPS: All you need to know

No tax on fund transfer from PF to NPS: All you need to know

The Pension Fund Regulatory and Development Authority (PFRDA) on Tuesday said funds transferred from Provident Fund account to National Pension System (NPS) account will not attract any tax.

Mar 07, 2017, 21:08 PM IST
NPS subscribers can shuffle fund allocation twice a year

NPS subscribers can shuffle fund allocation twice a year

Pension fund regulator PFRDA has tweaked investment norms to allow subscribers of National Pension System to change their asset allocation twice in a financial year.

Mar 02, 2017, 18:06 PM IST

NPS private subscriptions grew 60% till January: PFRDA

The Pension Fund Regulatory and Development Authority (PFRDA) on Wednesday said the number of private sector subscribers of New Pension Scheme (NPS) saw a 60 percent increase during the April 2016 to January 2017 period due to exemptions provided in the earlier Budget.

Feb 15, 2017, 19:30 PM IST
To check misuse of NPS, PFRDA bars third party payments in Tier II accounts

To check misuse of NPS, PFRDA bars third party payments in Tier II accounts

In order to arrest the misuse of NPS, pension fund regulator PFRDA has said contribution to savings account (also called Tier-II account), which is attached to pension funds, can only be made by the subscriber and not by any third party.

Jan 15, 2017, 18:17 PM IST
No need to submit form for NPS account if opened via Aadhaar

No need to submit form for NPS account if opened via Aadhaar

Simplifying the process, pension fund regulator PFRDA has dispensed with the requirement of submission of physical application form for NPS account opening if done through Aadhaar verification and e-Signature.

Jan 01, 2017, 12:00 PM IST
PFRDA mulls various withdrawal options to optimise pension

PFRDA mulls various withdrawal options to optimise pension

In its bid to optimise the retirement income of the New Pension System (NPS) members, PFRDA is exploring alternative mechanisms for introducing different variants of the withdrawal options, a senior official said.

Dec 25, 2016, 20:37 PM IST

PFRDA plans 10-time hike in commission for fund managers

Pension fund regulator PFRDA is planning to increase the commission for pension fund managers by 10 times to 0.1 per cent from the present 0.01 per cent, a top official said on Monday.

Nov 21, 2016, 22:40 PM IST

NPS subscribers to pay for advisory services: Pension regulator

National Pension System (NPS) subscribers will now have to pay for seeking the services of retirement advisers as pension regulator PFRDA has permitted them to charge a fee ranging between Rs 100 and Rs 1,000.

Sep 23, 2016, 19:34 PM IST
NPS: PFRDA lowers minimum contribution to Rs 1,000 per year

NPS: PFRDA lowers minimum contribution to Rs 1,000 per year

To encourage more people to join the National Pension System, regulator PFRDA has substantially lowered the minimum annual contribution to Rs 1,000 to keep the account active.

 

Aug 15, 2016, 10:46 AM IST