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DSP added as 11th fund manager
The employees will have the flexibility to continue with the default scheme account, even if they switch to a different sector. What's more, the accou
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Corporate participation in NPS at 12-month high: NSO
Corporate subscribers are largely voluntary, which means they can choose other investment alternatives. That they are choosing to put aside a part of
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OPS harmful in the long-run, says RBI
A recent RBI bulletin highlighted that the long-term financial damage of going back to OPS far outweighs the short-term lure of OPS
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NPS subscribers will soon get more annuity options
NPS has also begun receiving resounding acceptance as a tax-efficient instrument for retirement planning in recent times. As per data, around 14,027 c
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Need to push NPS: PFRDA chairman
PFRDA data showed that there has been a sharp rise in subscribers from 2.11 crore in FY18 to 6.33 crore in FY23 and a 400% rise in AUM in the same tim
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5 financial instruments to secure your sister’s future
By starting early and investing regularly, the aim is to earn market returns or a little over broad market returns in the long run
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PFRDA tweaks NPS to make it attractive
Under PFRDA regulations, NPS subscribers can withdraw 60% of the total accumulated amount at maturity. This will be tax-free.
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Start early to minimize your tax
For most of us, retirement might seem like a far cry. But if you start saving for your twilight years right away, not only will you benefit then, but
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Govt jobs down so is NPS enrolment
In the month of May, the number of employees of Central and Central Public Sector Enterprises who adopted NPS reached a 5-month low. Only 10,081 centr
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Govt may opt for AP model on PF
Some of the states ruled by opposition parties have already gone back to the old pension system and there have been demands the old pension system be
