DOUBLE-DIGIT RETURNS IN NPS FUNDS — ET Research

Who put the maximum 50% in equity funds have earned the highest returns All NPS funds have earned double digit returns in the past few years. Aggressive investors, who put the maximum 50% in equity funds, have earned over 15% in the past one year and annualised returns of over 12% in the past 3-5

NPS A/C will Not Be Blocked

The PFRDA has clarified that that NPS accounts of investors who have not submitted the Foreign Account Tax Compliance Act (FATCA) self certification will not be blocked. These investors were warned that if they failed to submit a physical signed self-certification of the FACTA by April 30 , their NPS accounts will be blocked. The

OPEN NPS ACCOUNT VIA AADHAAR WITHOUT ANY PHYSICAL DOCUMENT

Opening an NPS account has further been simplified. PFRDA has dispensed with the requirement of submission of physical application form for opening of NPS accounts if done through Aadhaar verification and e-signature. The PFRDA, in October 2013, had allowed acceptance of e-KYC as a valid process for verification in addition to other permitted documents of

PFRDA JOB OPPORTUNITIES

PFRDA AIMS TO TRAIN 1.2 LAKH PEOPLE FOR NPS SCHEMES Regulator PFRDA plans to hire two institutes to provide training to about 1.20 lakh people for pension schemes under National pension system , the government’s flagship social security programme. Bids have been invited for selection of two agencies to conduct training of employees of Points

USE AADHAAR EKYC TO OPEN NPS ACCOUNT

New subscribers of National Pension System (NPS) will not have to submit physical application for opening the account in case it is e-verified by through Aaadhar number. 1) With e-signature facility , a large number of people having Aadhaar number will be able to open NPS account without needing physical documents. 2) Pension Fund Regulatory

PFRDA Appoints Ombudsman

The Ombudsman appointed by pension fund regular PFRDA, Vinod Pande, assumed the office in New Delhi on December 1, a senior PFRDA official said. The subscribers will have direct access to the ombudsman where they can lodge complaints against any intermediary for resolution through adjudication and amicable settlement. This may be considered an important milestone

PFRDA lowers minimum contribution to Rs.1000= per year in NPS

To encourage more people to join the The National Pension system PFRDA has lowered the minimum annual contribution to Rs.1,000= to keep the account active. Earlier, a subscriber had to contribute at least Rs. 6,000=in a financial year to keep the Tier 1 account running. NPS is structured into two tiers. Tier 1 account is

SOME RULES OF NATIONAL PENSION SYSTEM

NPS aims to provide social security after retirement in the form of monthly pension and lump sum withdrawal. NPS offers two types of accounts –Tier one account and Tier two account.Tier one is a permanent retirement account in which the contributions are deposited and invested as per the option of the subscriber.To bring in liquidity

NPS and other instruments : Why NPS is not popular?

1) Very long lock-in period All tax saving instruments have lock-in periods, but none as long as that of the NPS. The lock-in period of the PPF is only seven years, after which you can make partial withdrawals and a full withdrawal can be made after 15 years. An individuals own contribution to the EPF

ICICI Prudential Pension Fund has given best returns in NPS Funds

For those investing in the NPS, choosing the right pension fund is critical—not only because that the returns should be high but also that the investor will not be able to change the fund for one year. The NPS funds of ICICI Prudential Pension Fund have been top performers in past 3-year and 5-year periods.