National Pension System (NPS)

NPS Annuity and Lump Sum

NPS Annuity and Lump Sum Deferment and Continuation of Tier-II accounts

NPS Annuity and Lump Sum Deferment and Continuation of Tier-II accounts CIRCULAR Circular No. : PFRDA/2017/32/Exit/2 Date: 09.10.2017 Τo, All stake holders – Government (Central/State), CABS/SABs / DTO/DTA / CDDO/PRAO /PAO/DDO, NPS Trust, CRA, Points of Presence (PoPs), Retirement Advisers Subject: Guidelines on deferment of lump sum & annuity and continuation of Tier-Il accounts under […]

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NPS Partial withdrawal Conditions

NPS Partial withdrawal Conditions

NPS Partial withdrawal Conditions What are the conditions under which partial withdrawal can happen? Conditions:Conditions: 1. NPS subscriber for atleast 3 years. 2. Withdrawal is allowed for some specific purposes only. a) For the higher education of children b) For the marriage of children c) For the purchase/construction of residential house or flat in his

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NPS Retirement Benefits

NPS Retirement Benefits for Subscribers

NPS Retirement Benefits for Subscribers What shall be my benefits, if I retire/ superannuate from NPS? Retirement/ Superannuation — Minimum Annuitisation- 40% of accumulated wealth. Maximum Lump Sum Withdrawal- 60% of accumulated wealth. The Subscriber may choose to purchase an annuity for an amount greater than 40 percent also. If the accumulated pension wealth of

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NPS settlement on unfortunate death

NPS settlement on unfortunate death

NPS settlement on unfortunate death of NPS Subscriber What are the provisions to settle the cases in the unfortunate death of the NPS subscriber during the service? As per Office Memorandum No. 38/41/06/P&PW (A dated 05 05.2009, the central government subscribers covered under NPS are eligible for family pension in case of death / disability

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PFRDA: Exits and Withdrawals under the NPS (First Amendment) Regulations 2017

Exits and Withdrawals under the NPS (First Amendment) Regulations 2017   THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEc. 4] PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY NOTIFICATION New Delhi, the 10th August, 2017 Pension Fund Regulatory and Development Authority (Exits and Withdrawals under the National Pension System) (First Amendment) Regulations, 2017 No. PFRDA/12/RGL/139/8.—In exercise of

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