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Pension Fund Regulatory and Development Authority News

Pension Fund Regulatory and Development Authority

13 Nov 2024

PFRDA Website Overhaul: Regulator Invites IT Firms; For rove User Experience

The overarching goal of the PFRDA-Connect project is to significantly enhance the digital presence of PFRDA by overhauling its official website, leading to improved user experience throughout the user journey.

Pension Fund Regulatory and Development Authority

10 Aug 2024

NPS Partial Withdrawals: Is It Possible To Draw Part Money Before Retiring?

The Indian government introduced the National Pension System (NPS), a pension cum investment plan to give people security for their old age. The Pension Fund Regulatory and Development Authority (PFRDA) oversees the scheme. After turning sixty years old, the NPS members start receiving their pension. Nevertheless, before turning 60 or upon attaining superannuation, some members desire to withdraw their accumulated wealth in NPS. Let's go into more detail on early pension withdrawal and the requirements.

National Pension System

04 Aug 2022

BIG change in NPS! Rule related to contribution via credit card modified

PFRDA came up with the announcement in an official notification dated August 3, 2022. Meanwhile, the PFRDA and Bank of India launched the digital platform for NPS enrolment.

National Pension Scheme

21 Jan 2022

PFRDA to discuss proposal to hike equity exposure in NPS to 75% for employees

The equity exposure for the NPS subscribers from other than the government sector was increased to 75 per cent three years ago. The investment option for government employees was eased after a lot of discussions in 2019. Subscribers are also allowed to change their fund managers once a year.

Atal Pension Yojana

20 Jan 2022

Atal Pension Yojana: Save Rs 7 daily to get Rs 60,000 pension

Over 3.68 crore subscribers have joined Atal Pension Yojana. PFRDA administers the Atal Pension Yojana. The minimum age to invest in Atal Pension Yojana is 18 years.

National Pension Scheme

19 Jan 2022

NPS subscribers will be to change investment pattern 4 times a year

Till now, subscribers can change the investment pattern twice in a financial year under the NPS scheme. PFRDA allows investors to allocate their NPS investments in a fixed ratio between several investment opportunities. Investors can change their investment ratios accordingly.

Atal Pension Yojana

05 Jan 2022

Atal Pension Yojana subscribers increase to 3.68 crore

The asset under management increased to Rs 20,000 crore. 56 per cent of the total subscribers are male while 44 per cent are female. This flagship social security scheme of the Government of India was launched on May 9, 2015.

National Pension Scheme

12 Oct 2021

NPS: Now you can get Rs 1.78 lakh per month by investing just Rs 12,000

The NPS encourages investors to invest in pension accounts on a regular basis. When opening an NPS account, the account holder is given two options: active or auto mode. The NPS rules require that an annuity be purchased for at least 40% of the net NPS maturity amount.

06 Oct 2021

Good news for govt employees! PFRDA allows NPS online paperless exit process

The online exit would be integrated with Instant Bank Account Verification as per the existing guidelines as part of enhanced due diligence in the interest of Subscribers.

National Pension Scheme

30 Aug 2021

Big news for pensioners! Entry age under NPS increased, check details here

NPS age entry increased. Check new age entry. What are the benefits people can avail.

National Pension Scheme

29 Aug 2021

Subscribers joining NPS after 65 can invest up to 50% of funds in equities

For subscribers joining the retirement plan beyond the age of 65 years, the maximum equity exposure will be capped at 15%. NPS contributions are invested by the PFs in different investment instruments. The pension fund regulating body has also guidelines on entry and exit.

National Pension System

30 Jul 2021

NPS Withdrawal: 10 most common reasons why money is not credited into your A/c

Penny drop facility for NPS subscribers. Instant Bank Account Verification by ‘penny drop'. Know what it means and why money is not deposited.

National Pension System

28 Jul 2021

How PFRDA's Penny drop facility will ensure timely credit of NPS withdrawal

In order to resolve the issue of return of remittances and to protect the interest of subscribers with timely credit of amount, PFRDA has devised a facility called ‘penny drop’.

National Pension System

09 Oct 2020

Now, open National Pension System account from the comfort of your home

Lot of NPS services moved online. Who can open NPS Account? PFRDA allows video-based customer identification.

National Pension System

29 Jun 2020

Now, open NPS account through internet banking using OTP on registered mobile

POPs and CRAs have been advised by PFRDA to provide the required functionality of OTP based authentication, PFRDA said.

PFRDA upper age limit

24 Jan 2019

Finance Ministry looking at suggestions of raising upper age limit for APY

APY is guaranteed pension scheme announced by the government on May 9, 2015.

Atal Pension Yojana

13 Jun 2018

Atal Pension Yojana Vs National Pension System: All you need to know

Atal Pension Yojana is a government scheme administered by PFRDA through NPS architecture.

Pension Fund Regulatory and Development Authority

18 Jan 2018

NPS subscribers can now partially withdraw contribution

NPS is government's flagship social security programme. Any Indian citizen, resident or non-resident, between the age of 60- 65 years, can join NPS and continue up to the age of 70 years in NPS.

Pension Fund Regulatory and Development Authority

18 Jan 2018

NPS subscribers can now partially withdraw contribution: Here are the conditions

Any Indian citizen between the age of 60- 65 years, can join NPS and continue up to the age of 70 years in NPS.

Pension Fund Regulatory and Development Authority

28 Dec 2017

Now, Aadhaar details mandatory for subscribing Atal Pension Yojana

The Aadhaar mandatory linking of Aadhaar Atal Pension Yojana will be applicable with effect from January 1, 2018.

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