As the financial year draws to a close, various income tax-saving investment avenues, such as the Public Provident Fund (PPF), Sukanya Samriddhi Yojana (SSY), and National Pension System (NPS) necessitate minimum contributions to maintain their active status. Therefore, if you hold an account in any of these schemes and haven’t made any deposits for the …
Kurian Jose, CEO, Tata Pension Fund, says PFRDA is working on making pension and retirement products appealing to youth and has introduced investing through QR code. Also, the rules to withdraw money partially from the National Pension System (NPS) were changed starting February 1, 2024, whereby an NPS subscriber is allowed to withdraw from his …
In the Tier-1 account, NPS-Scheme E allocates investments to equities with long-term growth potential. As we know Tier -I is a compulsory retirement account. SBI Pension Funds Private Limited As of January 31, 2024, the fund oversees assets totalling ₹15,768.59 crore. Its top five holdings consist of Reliance Industries, HDFC Bank Ltd., ICICI Equity, Infosys, …
The National Pension System (NPS) is one of the most cost-efficient retirement planning products that comes with a prudent risk management framework and close regulatory oversight. The NPS ensures a comfortable retirement by combining market-linked returns with disciplined savings and power of compounding. With growing awareness, the NPS has attracted a lot of interest and …
Gaining from the bullish momentum in the equities market over the past year, pension funds have recorded an average annual return of nearly 30 per cent from their equity investments, per the latest PFRDA data, reported Business Line . This average annual return of 29.35 per cent in equities in the first week of February is more …
National Pension System (NPS) is a Govt of India-sponsored program, which is regulated by the Pension Fund Regulatory and Development Authority (PFRDA). An NPS subscriber invests in the capital market (equity, govt securities, corporate bonds, and alternative assets) as per their respective risk appetite to build up his retirement corpus. Public Provident Fund (PPF) is …
Pension fund body PFRDA (Pension Fund Regulatory and Development Authority) has released a new circular stipulating the provisions of withdrawal of pension under the National Pension System (NPS). These provisions will come into effect from Feb 1, 2024. The latest rules suggest that subscribers are permitted to withdraw not over twenty five percent of their …
The Pension Fund Regulatory and Development Authority (PFRDA) has now allowed National Pension System (NPS) subscribers to deposit their contributions through the Unified Payments Interface (UPI) QR code directly under the D-Remit process. How this new initiative by PFRDA will benefit NPS subscribers “The introduction of QR code – UPI for D-Remit (Direct Remittance) would …
Contributions to the National Pension System (NPS) by investors can be made through a Quick Response (QR) code based on D-remit, as reported by Business Today. Subscribers can utilise any UPI-enabled app to contribute by scanning their QR codes. These personalised QR codes, specific to tier I and II accounts, can be saved offline for convenient …
National Pension System: As part of a proposed change in the National Pension System (NPS) withdrawal rules, the Pension Fund Regulatory and Development Authority (PFRDA) will allow automatic withdrawals periodically from the NPS subscribers corpus fund. “Following Regulation 3 and Regulation 4 of PFRDA (Exits and Withdrawals under the NPS) Regulations, 2015 and amendments therein, …