Good news for NPS subscribers! PFRDA to raise entry age limit to 70 years, exit to 75
PFRDA is also planning to give its subscribers an option of parking 40 per cent of the corpus that is mandatory to purchase an annuity at the time of retirement with a pension fund manager to get better benefits.
Apr 16, 2021, 13:58 PM ISTPFRDA extends direct remittance facility for non-resident subscribers of NPS
D-Remit offers a convenient mode of depositing voluntary contributions into NPS and also optimises the long-term retirement wealth creation by offering same-day NAV (net asset value), it added. Through this, periodic NPS contributions can be automated for any defined amount and for any defined date from the subscribers bank account.
Feb 05, 2021, 10:50 AM ISTGood news for pension subscribers! NPS, Atal Pension Yojna digital journey further simplified; here's all you need to know
The online e-KYC (Know Your Customer) will further simplify the process of account opening as it offers the subscribers a NPS digital journey, PFRDA said in a release.
PFRDA said it has enabled various digital enablers such as OTP-based authentication, paperless on-boarding, e-sign-based authentication, video customer identification to facilitate remote on-boarding, online exit tools, online enrolment for government sector subscribers, among others.
Feb 03, 2021, 09:28 AM ISTUnion Budget 2021: Will ask govt to make employers' contribution, tier-II account tax free for all: PFRDA
"There is this tier-II NPS account which was made tax free exclusively for the central government employees recently. So there also, we would request the government to give the facility to all the subscribers. In the tax-free tier II account we are keeping a lock-in period of 3 years because you are getting the tax-free status...And we want it to be extended to all the other employees," he added.
Nov 16, 2020, 09:45 AM ISTNPS Alert! Now, open National Pension System account from the comfort of your home
PFRDA has been constantly introducing new methods of subscriber authentication for National Pension System.
Oct 09, 2020, 12:48 PM ISTAtal Pension Yojna subscribers can use this app for checking balance, download transaction statement and more
Users must update the latest version of the app or they can also give a missed call to 97183-97183 for updating the app.
Aug 14, 2020, 14:34 PM ISTDeposit Rs 7 a day in this scheme, get monthly pension of Rs 5,000 – Check details here
Under the APY, the subscribers would receive the fixed pension of Rs. 1000 per month, Rs. 2000 per month, Rs. 3000 per month, Rs. 4000 per month, Rs. 5000 per month.
Jul 09, 2020, 11:42 AM ISTNow, open NPS account through internet banking using OTP on registered mobile number
POPs and CRAs have been advised by PFRDA to provide the required functionality of OTP based authentication, PFRDA said.
Jun 29, 2020, 17:31 PM ISTNPS System account opening gets easier – Here’s how to apply for Aadhaar-based paperless KYC verification
The PFRDA has permitted e- NPS/Points of Presence facilities to use offline Aadhaar of prospective subscribers with their consent for opening NPS accounts.
May 28, 2020, 16:35 PM ISTAtal Pension Yojana completes 5 years: Know eligibility, tax and pension benefits
Launched on May 9, 2015 by Prime Minister Narendra Modi, the APY aims at delivering old age income security particularly to the workers in the unorganised sector.
Government considering hike in pension age limit under Atal Pension Yojana
Atal Pension Yojana is administered by PFRDA through NPS architecture and minimum age of joining APY is 18 years while maximum age is 40 years.
Jun 26, 2019, 14:01 PM ISTPFRDA conducts valuation to weigh up doubling of pension limit to 10K
A proposal was made in the past to raise the pension under APY to double the limit from the existing slab of up to Rs 5,000.
Nov 20, 2018, 10:38 AM ISTPension fund managers may get marketing rights
There are eight private sector pension fund managers at present and PFRDA said it will soon invite RFPs (requests for proposal) to allow more players in.
Sep 12, 2018, 12:04 PM ISTPFRDA Invites expression of interest for actuarial valuation of Atal Pension Yojana
The Expression of Interest document is available on PFRDA's website.
Jul 18, 2018, 16:03 PM ISTGovt mulls raising pension limit to up to Rs 10,000 per month under APY
Currently, the age of entering APY is from 18-40 years but an increase in the same by another 10 years- from 18-50 years - will help in expanding the subscriber base, he added. The subscriber base of APY is 1.02 crore.
Jun 13, 2018, 11:27 AM ISTAtal Pension Yojana crosses 1crore subscribers in 3 years
Atal Pension Yojana (APY) was launched in May 2015.
May 15, 2018, 17:15 PM ISTEPFO, ESIC and PFRDA to release monthly payroll data in bid to boost formal sector
The data set release was for the period from September 2017 to February 2018.
Apr 26, 2018, 23:30 PM ISTPFRDA makes bank a/c, mobile number mandatory for NPS subscribers
The requirements have been made mandatory in the new common subscriber registration form (CSRF) that are required to be filled in by the new subscribers.
Apr 20, 2018, 18:10 PM ISTNPS subscribers can now partially withdraw contribution
NPS is government's flagship social security programme. Any Indian citizen, resident or non-resident, between the age of 60- 65 years, can join NPS and continue up to the age of 70 years in NPS.
Jan 18, 2018, 17:33 PM ISTNPS subscribers can now partially withdraw contribution: Here are the conditions
Any Indian citizen between the age of 60- 65 years, can join NPS and continue up to the age of 70 years in NPS.
Jan 18, 2018, 14:18 PM IST