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For years, the National Pension System has asked Indians to make peace with uncertainty. Your retirement income, it tells you, will depend on how markets behave over decades. That promise has helped bring millions into the pension net, but it has also left many people uneasy about one basic question: how much will I actually…
New Delhi: In a big move aimed at making retirement planning more flexible, the Pension Fund Regulatory and Development Authority (PFRDA) has announced several important changes to the National Pension System (NPS). These updates will impact government employees, private sector subscribers as well as those enrolled under NPS-Lite and NPS-Lite Swavalamban. From lowering the mandatory…
The Pension Fund Regulatory and Development Authority (PFRDA) has proposed changes to exits and withdrawals under the National Pension System (NPS). NPS is a government-backed pension scheme in which you can accumulate a retirement corpus. The scheme is managed by the Pension Fund Regulatory and Development Authority (PFRDA). The changes in NPS rules suggested by…