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 …
Retirement planning is crucial for financial security and a fulfilling post-work life. In India, the National Pension Scheme (NPS) tier 1 account has emerged as a popular option for building a retirement corpus. If you’re considering this scheme, this blog post will delve into its details, helping you make an informed decision. What is an …
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 …
Mumbai: Sounding a note of caution, a Reserve Bank report has said that reverting to the DA-linked Old Pension Scheme (OPS) will exert huge pressure on state finances and restrict their capacity to undertake developmental expenditure. The Reserve Bank’s report on ‘State Finances: A Study of Budgets of 2023-24’ also said the provision of non-merit …