The new proposal states that the fund will need to independently develop a robust IT infrastructure, cyber security procedures and dedicated employees
Mohanty noted that guarantees come at a cost, albeit with relatively lower returns. Staying invested in markets for the long-term is bound to deliver
The Pension Fund Regulatory and Development Authority (PFRDA) is now planning to bring in greater flexibility in terms of withdrawing one’s reti
The regulator also said that from end-September, they would allow systematic withdrawal, a feature that would enable depositors to withdraw funds at p
Insecure, open ports, lack of network monitoring and plugging data leakage loops were noted as the primary reasons for such attacks
Currently, subscibers are allowed to withdraw this 60% at one go and the rest 40% is used to buy annuity
The new enrolment in the past financial year recorded a 20% rise compared to the number in 2021-22
Currently, NPS account holders, who are 60 years old, are allowed to withdraw up to 60% of their total deposited amount, which they could either spend
It will enunciate the rights and responsibilities of investors; not legally binding.
NPS is picking up steam and becoming one of the most popular retirement-saving tools among the investing community.