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The Centre has also asked departments to appoint nodal officers who would coordinate with the family members of a deceased government employee to assist in paperwork
NRIs with a PAN card and bank account can open NPS account online and avail an additional tax benefit of Rs 50,000
Since these instruments are guaranteed by the central government, there is no risk at all
The benefit of the Employee State Insurance Corporation (ESIC) pension scheme for employment-related death cases is being extended to even those who have died due to Covid-19
Retirement planning is crucial for everyone in a country like India which has a very weak social security net
PFRDA is the statutory authority established by an enactment of the Parliament, to regulate, promote and ensure orderly growth of NPS, APY and pension schemes
In both Tier I and Tier II account of National Pension Scheme, you have the opportunity to name a maximum of three nominees
Experts suggest people should view NPS as a long-term investment option
Through the NPS account, one can prepare a retirement corpus for the future. Interestingly, this account can be opened with a minimum contribution of Rs 500
Currently, NPS gives two investment options to choose from — Active and Auto