Indian citizens aged between 18 and 70 years of age. After retirement, up to 60% of the corpus can be withdrawn as a lump sum amount, while the remaining 40% can be used for buying an annuity plan.

Under this new pension scheme, government employees will be required to contribute 10 per cent of their basic salary along ...

As the Centre notifies the UPS as an option under the National Pension System, let's see how does it differ from the earlier ...

The NPS Vatsalya Scheme, launched on September 18, 2024, allows parents or guardians to open National Pension Scheme (NPS) accounts for minors, ensuring savings and pension benefits until the child ...

The National Pension System (NPS) carries a tax-exempt status, which is classified under the EEE (Exempt-Exempt-Exempt) ...

Policy will come into effect from April 1 and is expected to benefit over 2.3 million central government employees ...

NPS offers significant tax benefits to encourage long-term retirement savings. Under Section 80 CCD (1), you can claim a tax ...

If a central government employee voluntarily retires after 25 years of service, the assured pension payouts will begin at the ...

The Centre introduced the Unified Pension Scheme (UPS) for central government employees last year, combining elements from ...

The Unified Pension Scheme (UPS), notified by the Finance Ministry, assures a 50% pension of the last 12 months' average ...

The UPS will offer 50% of average basic pay drawn by a federal employee over the 12 months before retirement provided he or ...

India's National Pension System is a voluntary, long-term investment plan for retirement, regulated by the Pension Fund ...