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New option in NPS
Both existing and prospective NPS investors will soon be able to choose the Balanced Lifecycle Fund, with the possibility of it becoming the default o
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PFRDA to luanch new life cycle plans next quarter
The new scheme would be effective in the next quarter, maybe in August and September
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Watch out for calls from 160 series
All central and state government entities would use 10-digit phone numbers telephone numbers that begin with 1600 and bear the format 1600ABCXXX
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Corporate sector NPS additions drop 21.5% in 2023
The drop can be attributed to the fact that the union budget for 2023-24 raised the exemption limit to Rs 7 lakh
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More tax breaks likely for NPS
The government may make the National Pension System (NPS) more attractive by extending tax concessions on contributions and withdrawals especially for
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NPS more popular in north than south
86% of those enrolled in NPS felt far more confident about their retirement as compared to 74% of those who had not joined the NPS ecosystem
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Hike guaranteed pension under APY: PFRDA asks Govt
APY largely caters to social security of India’s unorganized sector, offering them flexibility in terms of contributions. This means that one does n
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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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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
