National Pension System

NPS Big Update!

NPS Big Update! Retired Central Government Employees To Get 50% Assured Pension!

Finance and Economy, News and Updates, Pension / By / June 14, 2024

In March 2023, the government formed a committee chaired by Finance Secretary T V Somanathan to explore measures to strengthen NPS benefits without returning to the non-contributory and economically unsustainable Old Pension System (OPS). The committee was formed after some states dropped the NPS favourable of the OPS. According to news sources, the central government …

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NPS Benefits

NPS Benefits – You Should Know before Your Retirement

Pension, Retirement Planning / By / July 15, 2023

The Pension Funds Regulatory & Development Authority (PFRDA) governs the national pension saving scheme. A voluntary investment helps an individual get an extended income monthly after retirement. Once the income tenure gets completed, an individual can get a lump sum amount out of the NPS giving an ultimate value of income after retirement. Benefits of …

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National Pension Scheme Benefits

(NPS) National Pension System: Benefits, Interest Rate and Eligibility

Investing, Pension, Section 80C, Tax Saving / By / February 2, 2023

A public defined contribution retirement savings plan is known as a National Pension System (NPS). The NPS wants to encourage people to make retirement savings a habit. Putting money into this financial instrument will increase your wealth while also reducing your tax burden. In this article, we shall cover the the necessary details regarding NPS. …

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