Important Announcements in Board Meeting of PFRDA

“Modification in Partial Withdrawal rules under NPS & Increasing cap on equity investment in active choice to 75% from current 50% for Private Sector Subscribers” Ministry of Finance Important Announcements and Approvals in Board Meeting of PFRDA Pension Fund Regulatory and Development Authority (PFRDA) is established by the Government of India for regulation and development […]

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National Pension System – All You Need to Know

Pension plans provide financial security and stability during old age when people don’t have a regular source of income. Retirement plan ensures that people live with pride and without compromising on their standard of living during advancing years. Pension scheme gives an opportunity to invest and accumulate savings and get lump sum amount as regular […]

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Employees Pension Scheme: Minimum monthly payments likely to be hiked to Rs 2,000

Employees Pension Scheme: Minimum monthly payments likely to be hiked to Rs 2,000 Days after a Parliamentary panel asked the government to revise the amount of monthly pension, it has been reported that the Centre may soon double minimum payment under the Employees’ Pension Scheme to Rs 2000. The Labour Ministry has asked the EPFO […]

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Three Major Changes in the National Pension Scheme (NPS) including withdrawal norms

Three major changes in the National Pension Scheme (NPS) including withdrawal norms Relaxation of Norms for NPS The Government of India has recently made three changes in the National Pension Scheme (NPS) including withdrawal norms. The details are as under: Partial withdrawal during the service: The Pension Fund Regulatory and Development Authority (PFRDA), with an […]

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