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CLOSURE OF NPS ACCOUNTS
Have NPS grievances? Expect quicker redressal soon as pension body proposes reducing resolution timelinesNational Pension System subscribers will soon experience quicker grievance resolution. The Pension Fund Regulatory and Development Authorit...
9 NPS transactions unavailable on CRA platforms till April 1, 2026: Multiple NAV framework & other key changesThe PFRDA will implement revised investment management fees and updated Point of Presence charges from April 1, 2026, introducing a multipl...
Early NPS exit in 15 Years and greater flexibility for withdrawals, suggests draft proposal from PFRDAPFRDA's draft proposal introduces significant changes to the National Pension System (NPS), allowing subscribers to exit after 15 years and...
Received your OCI card and want to open an NPS account? Here’s what you must knowOverseas Citizens of India (OCI) cardholders, aged 18-70, can invest in the National Pension Scheme (NPS) on either a repatriation or non-r...
New NPS account closure rules: Check new rules to close NPS accounts for these accountholders
New NPS account closure rules: PFRDA issues rules to close NPS accounts for these accountholdersPFRDA has introduced new directives for NPS subscribers who renounce Indian citizenship without obtaining an OCI card. These individuals mu...
Income tax benefits of NPS under both old and new tax regime for government and private sector employeesList of tax benefits of NPS: The National Pension Scheme (NPS) is a prominent investment option for individuals seeking to secure their ret...
NPS investors must know about these latest NPS charges; PFRDA releases full listNational Pension Scheme (NPS): In a master circular dated April 25, 2024 the Pension Fund Regulatory and Development Authority (PFRDA) has ...
How to make partial withdrawal from NPS accountThe primary objective of the National Pension System (NPS) is to build a retirement corpus, but subscribers may need funds before this.
NPS new rule: With systematic lump sum withdrawal, will returns from NPS be tax-free till age of 75?NPS systematic lump sum withdrawal: After the latest changes, NPS investors will now have the option to withdraw 60% of their retirement co...
NPS PRAN: New process to make reclaiming ‘withdrawn but unclaimed NPS amount’ easierNPS subscribers can reclaim the withdrawn but unclaimed amount using the form attached (Annexure) and submitting it to the nodal officers, ...
You can withdraw entire NPS corpus lumpsum if Rs 5 lakh or less but 40% will be taxableThe Pension Fund Regulatory and Development Authority (PFRDA) easedthe process of withdrawing corpus from National Pension System (NPS) for...
NPS exit rules: When you can withdraw money from pension account before 60 years of ageNational Pension System (NPS) is a scheme that provides pension in the retirement years. However, it may happen that money is needed during...
How to withdraw from NPS: 8 important FAQsHere are important FAQs related withdrawal process, according to the NPS website.
TDS on crypto, new credit card rules, higher PAN-Aadhaar linking fine: 5 changes coming into effect from JulyThere will be a number of big financial changes in the month of July. Here are five monetary adjustments that will take effect in July.
Budget 2019 makes lump sum withdrawal of 60% from NPS totally tax freeAs per the changes approved by the Cabinet, a person on maturity at the age of 60 would be able to withdraw up to 60 percent of the corpus ...
How to exit prematurely from NPSAt least 80% of the pension corpus must be used for purchasing an annuity that would provide monthly pension. Remaining can be withdrawn as...
Budget 2018 proposes to exempt 40% of NPS corpus from tax for non-salaried subscribersThe maturity corpus of NPS was earlier made partially tax-free by giving tax-exempt status to 40 percent of the corpus for salaried individ...
Budget 2017 proposes tax exemption to premature partial withdrawal from NPSIn Budget 2016, the government had introduced additional tax benefit of up to Rs 50,000 for investment in NPS under the new Section 80CCD (...
Budget 2016: Tax exemption raised to Rs 1.5 lakh under superannuation fund"Exemption limit is proposed to be increased from Rs 1 lakh to Rs 1.5 lakh for annual contribution by an employer to a superannuation fund.