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Most of us spend years working hard, but when it comes to planning for life after retirement, we tend to overlook it - until it starts feeling a little too real. For good reasons, pension schemes ...
One of the most effective tools for long-term retirement planning is the National Pension System (NPS). It offers a disciplined approach to saving for your retirement, tax advantages, and the ...
One of the advantages of the National Pension Scheme (NPS) is it offers both tax incentives and a retirement corpus. Now that the no-tax limit under the New Tax Regime (NTR) has been increased to ...
Allows up to 60% of the total accumulated corpus to be withdrawn. Both the National Pension Scheme (NPS) and the Unified Pension Scheme (UPS) are designed to ensure financial security in retirement.
When you open a National Pension System (NPS) account, you're required to make a minimum annual contribution to keep the account active and reap the benefits of this long-term investment for ...
Under the NPS Vatsalya scheme, parents can invest a minimum of Rs 1,000 per month with no upper limit. The scheme will be operated by parents until the child reaches 18. At the age of 18, the ...
NPS Vatsalya launch today: Nirmala Sitharaman, Union Minister for Finance and Corporate Affairs, has launched the NPS Vatsalya scheme today. This initiative focuses on securing children's ...
NPS Vatsalya is the newly launched, extended version of NPS. In the scheme, parents and guardians can open an NPS Vatsalya account for minors. Deepak Mohanty, Chairman, PFRDA, said, "The pension ...
This guaranteed pension provides a safety net for retirees, unlike the NPS, where the pension amount is solely dependent on the accumulated corpus and is subject to market fluctuations.
With the UPS (Unified Pension System) soon to become a reality in the next financial year, several government employees may decide to opt out of National Pension System (NPS) for UPS. It is ...