Tag: National Pension System
Investors know about NPS but do not invest: What is keeping you away from NPS?
It is the cheapest market-linked investment product, is very tightly regulated and offers several tax benefits. Despite these advantages, the National Pension System (NPS) has…
New NPS contribution rules and guidelines for central govt employees announced: Check details
The government has notified new NPS (National Pension System) rules with updated contribution guidelines for leave and suspension which may increase retirement savings and pensions…
New pension guidelines for central govt employees released: Check new NPS contribution rules
Oct 11, 2024 01:19 PM IST The centre has released new NPS contribution guidelines for periods of suspension, periods of unpaid leave, probation, and many…
Sitharaman launches NPS Vatsalya that lets parents open pension account for kids
NEW DELHI: Union finance minister Nirmala Sitharaman on Wednesday said the old-age financial security scheme, National Pension System (NPS) is a “very attractive proposition” for…
UPS scheme: Ahead of polls, Maharashtra becomes first state to approve Unified Pension Scheme
The Maharashtra Cabinet on Sunday approved the central government‘s Unified Pension Scheme (UPS), becoming the first state to do so and just within 24 hours…
One-time UPS allocation won’t have big impact on fiscal math
Assured pensions under the newly introduced Unified Pension Scheme (UPS) may require a significant one-time allocation in FY25, but that may not significantly impact the…
Pension Budget 2024 expectations: FM may offer guarantee under NPS; central government employees likely to get 50% of last pay drawn as pension
The government plans to provide 50% of the final pay drawn as pension for central government employees enrolled in the National Pension System. This effort…
All you need to know about the new National Pension Scheme (NPS) Withdrawal rule
Indians are becoming more financially literate and looking for ways to ensure a comfortable living long after their working age is up. The Indian government’s…
finance: Finance Ministry sets up panel to review pension system for government employees
Finance Ministry on Thursday set up a committee under Finance Secretary T V Somanathan to review the pension system for government employees. The committee would…
OPS vs NPS vs hybrid structure, explained in three charts
The government will set up a committee under the finance secretary to improve the National Pension System, a defined contribution scheme introduced in 2004, to…