National Pension System (NPS) is a defined contribution pension system. NPS schemes have two options. Tier 1 and Tier 2. Tier 1 has a longer lock in period (15 years for even partial withdrawal ...

The subscriber will have to buy annuity plan from the chosen ASP, and atleast 40 per cent of the corpus will be invested in the scheme. The National Pension System (NPS) is a retirement savings ...

A National Pension System (NPS) Government Employee, who retires on or before March 31, 2025 can opt for Unified Pensions Scheme (UPS). said Finance Ministry in a notification dated January 24.

Two popular options available for parents in India are the NPS Vatsalya Scheme and the Sukanya Samriddhi Yojana (SSY). Both schemes are designed to provide financial security for children ...

Mumbai: The systematic withdrawal scheme introduced under the National Pension Scheme (NPS) provides retirees with a facility to deploy their retirement corpus and have their funds managed in a ...

Tax benefits for NPS Vatsalya scheme Extension of tax benefits under Section 80CCD(1B) to the NPS Vatsalya scheme is a major highlight of the Budget. Now, as a child welfare investment fund ...

The Union finance ministry notified operationalisation of the Unified Pension Scheme (UPS) as an option under the National Pension System (NPS) for central government employees from April 1 ...

The NPS Vatsalya scheme was launched in September 2024 after being announced in the July 2024 budget. It is a National Pension Scheme (NPS) for minors, allowing parents to contribute a certain ...

The new NPS representative body will promote the pension scheme as a retirement product, ensure transparency and collaborate with policymakers. Section 80 CCD(1B) offers an additional deduction of ...