NPS Archives - Page 2 of 6

Government is trying to find solution to NPS issues

Government is trying to find solution to NPS issues Shiva Gopal Mishra Secretary National council (staff Side) Joint Consultative Machinery for Central Government Employees 13-C, Ferozshah Road, New Delhi-110001 E-Mail : nc.jcm.np@gmail.com No.NC/JCM/2017 Dated: October 24, 2017 All Constituents of National Council(JCM) Sub: Brief of the meeting held today with the Cabinet Secretary (Government of […]

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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 Withdrawal and Exit Rules 2017 – FAQ

NPS Withdrawal and Exit Rules 2017 – FAQ NPS Withdrawal and Exit Rules : NPS withdrawal and Exit Rules is amended by the Government time to time. Now the PFRDA has issued a FAQ to clear the doubts through updated information. Thus we will be able to know the withdrawal conditions and what will one

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Tax Benefit for NPS Tier 1 Account

Tax Benefit for NPS Tier 1 Account What are tax benefits available under IT Act, 1961 for Tier 1 Account? I) On Contributions:I) On Contributions: Employee’s own Contribution- Eligible for tax deduction under sec 80 CCD (1) of Income Tax Act up to 10% of salary (Basic + DA) within the overall ceiling of Rs.

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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 Annuity Options for Subscribers

NPS Annuity Options for Subscribers NPS Annuity Options : The following are the most common variants that are available: a) Default scheme: Annuity for life of the subscriber and his or her spouse (if any) with provision for return of purchase price of the annuity- After the demise of such subscriber, the annuity will be

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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 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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