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 After retirement, up to 60% of the corpus can be withdrawn as a lump sum amount, while the remaining 40% can be used for buying an annuity plan.

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

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 ...

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

In Budget 2025, the government opted not to modify the existing tax regime or introduce any new deductions. Finance Minister ...

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

Seeking the restoration of the Old Pension Scheme (OPS), government primary school teachers across the district and state wore black badges in protest against the Union government’s decision to ...

In the history of pension schemes, UPS is the latest addition. UPS is a pension scheme, however, here an employee has to contribute 10% of their basic pay and the DA (dearness allowance). The ...

Mumbai: The govt will set up a forum for regulatory coordination and the development of pension products to bring focus on adequacy and sustainability.

Strategic partnership between HDFC Securities and KFintech aims to enhance NPS accessibility and streamline management for corporate clients.

The National Pension System (NPS) has gained traction over the years, particularly among private sector employees who had limited retirement savings options. Initially introduced in 2004 for ...

Centre of Indian Trade Unions (CITU) denounces the truncated Unified Pension Scheme (UPS) notified on Jan 24, 2025 by Department of Financial Services, Union Ministry of Finance, and demanded ...