NPS: According to a PFRDA circular, if the corpus is equal to or below Rs 2.5 lakh, then the full amount will be paid as a lump sum to the subscriber.
Money9 Helpline hosted Finsafe's founder, Mrin Agarwal to resolve all the queries related to NPS.
The data showed that the number of subscribers grew by 33.20% to 304.51 lakh as of August 31,2021, under APY
The scheme has added over 28 lakh subscribers in the current financial year
A retirement corpus works best when its seeds are sown at a young age and the corpus is nurtured carefully with regular investments over a long period
Currently, NPS returns vary from one person to another depending on the investment pattern and market sentiments
The milestone of 30 lakh voluntary subscribers under the NPS has been reached over a period of 12 years
NPS is a voluntary social security benefit that allows subscribers to invest in schemes managed by pension fund houses
With a flurry of excitement around new aged unicorns and interest garnered in IPOs, it appears India is moving towards a Private Market platform
Of the total, the number of subscribers under the APY stood at 288.60 lakh as of June 30, an increase of 33.95% from the year-ago period