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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.

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.

'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.

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).

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.

 

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.

 

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.

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.

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.

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.

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.

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.

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.

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.

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.

 

NRIs can now join NPS online through eNPS: Finance Ministry

NRIs can now join NPS online through eNPS: Finance Ministry

The Finance Ministry today said non resident indians (NRIs) can now open National Pension Savings (NPS) accounts online if they have Aadhaar Card or PAN card.

Give govt employees freedom to choose fund managers: PFRDA

Insurance regulator PFRDA wants government employees to be given freedom to choose their fund managers and investment pattern for money invested in Atal Pension Yojana.

PFRDA to train 75,000 people to drive NPS

PFRDA to train 75,000 people to drive NPS

Pension fund regulator PFRDA proposes to train 75,000 people who will form a "totally committed" workforce for the implementation of government's National Pension System

PFRDA chief hails NPS tax exemption, bats for parity

Tax exemption of up to 40 percent of the retirement corpus at the time of withdrawal under NPS is a big step by the government and going forward, there may be more parity between existing pension schemes, PFRDA Chairman Hemant G Contractor said on Wednesday.

Good news for NPS subscribers: Online payment facility launched

Good news for NPS subscribers: Online payment facility launched

Subscribers of New Pension System can now make their contributions online through net banking, credit or debit cards with pension fund regulator PFRDA launching a platform for the same.