National Pension System

Friday, Apr 19, 2024 | Last Update : 02:37 PM IST

Hyderabad: Senior citizens in a queue in front of a bank waiting for the bank to open so that they can withdraw their pension. (Deccan Chronicle Photo)

NPS subscribers can partially withdraw money for covid treatment: Govt

PFRDA clarified that the facility of partial withdrawal will not be applicable for Atal Pension Yojana subscribers

10 Apr 2020 2:16 PM

Now, any Indian citizen, resident or non-resident and OCIs are eligible to join the NPS till the age of 65 years.

Now OCIs can also subscribe to National Pension System

NPS was initially notified for central government employees joining service on or after 1st Jan 2004.

30 Oct 2019 3:00 PM

Atal Pension Yojana schemes and hopes to cover nearly 2.72 crore subscribers by the end of the current financial year.

PFRDA hopes to reach 2.72 cr subscribers under APY, NPS by Mar-end: Contractor

PFRDA said there are nearly 1.45 crore subscribers under APY and the remaining 1.20 crore have NPS accounts.

18 Feb 2019 5:08 PM

Finance Minister Arun Jaitley. Arun Jaitley

Govt contribution to NPS raised to 14 pc, withdrawal made tax free: Jaitley

Under the NPS, the subscriber is eligible to withdraw 60 per cent of the corpus.

10 Dec 2018 4:08 PM

Pension fund regulator PFRDA has made bank account details and mobile number mandatory for subscribers of national pension scheme (NPS), the finance ministry said on Friday.

PFRDA makes bank account, number mandatory for NPS subscribers

PFRDA takes various initiatives from time to time in order to simplify and improve the operational issues in National Pension System (NPS).

20 Apr 2018 3:16 PM

PFRDA also expects that its Asset Under Management (AUM) would grow by 45-47 per cent in the next year.

LTCG will not impact NPS: PFRDA chairman

The total NPS corpus is currently at Rs 2.25 lakh crore from a base of two crore subscribers.

14 Feb 2018 12:21 PM

Pension Fund Regulatory Authority of India, PFRDA, is nodal agency for all pension related issues. (Photo: Representational image/PTI)

PFRDA unveils incentives to expand pension coverage

Introducing of e-NPS, reducing minimum contribution levels, new investment instruments are among recent decisions.

28 Oct 2017 3:28 PM

According to the index, India's overall index value has increased from 43.4 in 2016 to 44.9 in 2017.

India's pension system showing steady improvement: report

India's position in sub-index value under sustainability increased from 40.9 to 43.8 in 2017.

23 Oct 2017 2:04 PM

Returns generated by pension funds under National Pension System, NPS, has been over 10 per cent. (Photo: PTI)

NPS subscribers rise 27 per cent to 1.78 crore; AUM at Rs 2.06 lakh crore

Govt has amended I-T Act providing for tax free migration of superannuation funds to NPS.

10 Oct 2017 4:21 PM

PFRDA creates separate asset class for investment

Under this asset class the funds can be invested into newly created trusts InvITs and REITs.

21 May 2017 12:44 PM

The relief will be provided by amending Section 10 of the I-T Act, 1961.

Centre offers tax benefit to boost pension scheme

The NPS is a voluntary contribution retirement scheme.

04 Feb 2017 6:17 AM

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Mohan Guruswamy