National Pension System
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National Pension System (NPS): Encouraging Long-Term Planning
Why the scheme is in the news? The Pension Fund Regulatory Development Authority (PFRDA) has announced that NPS subscribers can now purchase multiple annuity schemes from the same provider if they allocate more than Rs 10 lakh towards annuity corpus,...
Published On May 12th, 2023 -
Select central govt employees get one-time option to opt for old pension scheme
In a major move, a select group of central government employees have been given a one-time option to opt for old pension scheme, according to a Personnel Ministry order. The employees who joined the central government services against posts advertised...
Published On March 4th, 2023 -
NPS rule change: Know all the changes for subscribers from April 1, 2023
NPS rule change The National Pension System (NPS), a market-linked, defined contribution plan run by the Pension Fund Regulatory and Development Authority (PFRDA), provides residents with affordable social security. Both companies and employees make contributions to this low-cost, tax-efficient plan....
Published On February 24th, 2023 -
PFRDA named Suraj Bhan as chairman of NPS Trust
Pension Fund Regulatory & Development Authority has appointed Suraj Bhan as the chairman of the National Pension System Trust (NPS Trust), responsible for managing funds under the National Pension System (NPS). Bhan has been a Trustee on the Board of...
Published On November 17th, 2022
