PFRDA accords approval to Tata Asset and Max Life for setting up pension funds
The Pension Fund Regulatory and Development Authority (PFRDA) in July had opened 'on tap' registration of pension fund managers.
Oct 01, 2021, 16:39 PM IST
PFRDA new rule for premature exit processing of Atal Pension Yojna subscribers --Read full guideline here
PFRDA on September 3 announced new guidelines for facilitating timely transfer of withdrawal amount in the Bank Account of APY Subscribers and also as an additional due diligence to protect their corpus lying in the Permanent Retirement Account Number (PRAN).
Sep 07, 2021, 17:03 PM IST
Big news for pensioners! Entry age under NPS increased, check details here
Any Indian Citizen, resident or non-resident and Overseas Citizen of India (OCI) between the age of 65-70 years can join NPS and continue or defer their NPS Account up to the age of 75 years.
Aug 30, 2021, 12:43 PM IST
National Pension Scheme: Subscribers joining NPS after 65 can invest up to 50% of funds in equities
However, for subscribers joining the retirement plan beyond the age of 65 years, the maximum equity exposure will be capped at 15% to invest under the default 'Auto Choice' option.
Aug 29, 2021, 15:50 PM IST
NPS Withdrawal: 10 most common reasons why money is not credited into your savings bank A/c
PFRDA has identified 10 most common reasons why Money is not credited into the Savings Bank Account of the NPS subscribers.
Jul 30, 2021, 13:23 PM IST
NPS Subscribers alert! Know how PFRDA's Penny drop facility will ensure timely credit of fund withdrawal
In order to resolve the issue of return of remittances and to protect the interest of subscribers with timely credit of amount, PFRDA has devised a facility called ‘penny drop’.
Jul 28, 2021, 12:37 PM IST
Big news for pensioners! NPS withdrawal rules changed, check details here
Pension Fund Regulatory and Development Authority has now allowed NPS subscribers to withdraw the entire accumulated pension wealth without purchasing annuity if the pension corpus is less than Rs 5 lakh.
Jun 17, 2021, 09:05 AM IST
Good news for NPS subscribers! Pensioners may be allowed to withdraw their entire lifetime contribution with higher threshold
Any individual citizen of India (both resident and Non-resident) in the age group of 18-65 years (as on the date of submission of NPS application) can join NPS.
May 20, 2021, 08:38 AM IST
National Pension System update! Entry limit age may be increased to 70 years
The Indian government had launched National Pension System (NPS) in 2009. The scheme offers an investment opportunity to all organised sector employees working in India.
Apr 17, 2021, 12:32 PM IST
Good news for NPS subscribers! PFRDA to raise entry age limit to 70 years, exit to 75
PFRDA is also planning to give its subscribers an option of parking 40 per cent of the corpus that is mandatory to purchase an annuity at the time of retirement with a pension fund manager to get better benefits.
Apr 16, 2021, 13:58 PM IST
PFRDA extends direct remittance facility for non-resident subscribers of NPS
D-Remit offers a convenient mode of depositing voluntary contributions into NPS and also optimises the long-term retirement wealth creation by offering same-day NAV (net asset value), it added. Through this, periodic NPS contributions can be automated for any defined amount and for any defined date from the subscribers bank account.
Feb 05, 2021, 10:50 AM IST
Good news for pension subscribers! NPS, Atal Pension Yojna digital journey further simplified; here's all you need to know
The online e-KYC (Know Your Customer) will further simplify the process of account opening as it offers the subscribers a NPS digital journey, PFRDA said in a release.
PFRDA said it has enabled various digital enablers such as OTP-based authentication, paperless on-boarding, e-sign-based authentication, video customer identification to facilitate remote on-boarding, online exit tools, online enrolment for government sector subscribers, among others.
Feb 03, 2021, 09:28 AM IST
Union Budget 2021: Will ask govt to make employers' contribution, tier-II account tax free for all: PFRDA
"There is this tier-II NPS account which was made tax free exclusively for the central government employees recently. So there also, we would request the government to give the facility to all the subscribers. In the tax-free tier II account we are keeping a lock-in period of 3 years because you are getting the tax-free status...And we want it to be extended to all the other employees," he added.
Nov 16, 2020, 09:45 AM IST
NPS Alert! Now, open National Pension System account from the comfort of your home
PFRDA has been constantly introducing new methods of subscriber authentication for National Pension System.
Oct 09, 2020, 12:48 PM IST
Atal Pension Yojna subscribers can use this app for checking balance, download transaction statement and more
Users must update the latest version of the app or they can also give a missed call to 97183-97183 for updating the app.
Aug 14, 2020, 14:34 PM IST
Deposit Rs 7 a day in this scheme, get monthly pension of Rs 5,000 – Check details here
Under the APY, the subscribers would receive the fixed pension of Rs. 1000 per month, Rs. 2000 per month, Rs. 3000 per month, Rs. 4000 per month, Rs. 5000 per month.
Jul 09, 2020, 11:42 AM IST
Now, open NPS account through internet banking using OTP on registered mobile number
POPs and CRAs have been advised by PFRDA to provide the required functionality of OTP based authentication, PFRDA said.
Jun 29, 2020, 17:31 PM IST
NPS System account opening gets easier – Here’s how to apply for Aadhaar-based paperless KYC verification
The PFRDA has permitted e- NPS/Points of Presence facilities to use offline Aadhaar of prospective subscribers with their consent for opening NPS accounts.
May 28, 2020, 16:35 PM IST
Atal Pension Yojana completes 5 years: Know eligibility, tax and pension benefits
Launched on May 9, 2015 by Prime Minister Narendra Modi, the APY aims at delivering old age income security particularly to the workers in the unorganised sector.
Government considering hike in pension age limit under Atal Pension Yojana
Atal Pension Yojana is administered by PFRDA through NPS architecture and minimum age of joining APY is 18 years while maximum age is 40 years.
Jun 26, 2019, 14:01 PM IST