National Pension System: PFRDA to extend entry age to avail benefits
April 15, 2021
Aims to add at least 1 million new subscribers this fiscal
Senior citizens who have not yet got into the National Pension System (NPS) bandwagon may have some cause for cheer. Pension regulator PFRDA plans to soon extend the maximum entry age for availing NPS benefit to 70 years from the current 65 years, its Chairman Supratim Bandyopadhyay said on Thursday.
Simultaneously, the exit age limit is proposed to be extended from 70 years to 75 years, he said at a virtual press conference. Currently, Indians between the age bracket of 18-65 years can open an NPS account. Bandyopadhyay highlighted that there is good interest among those who are above 60 years to open an NPS account and noted that nearly 15,000 new NPS subscribers (aged above 60 years) had enrolled for NPS in the last three years.
PFRDA logs 23% growth in subscriber base under NPS, APY schemes
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PFRDA logs 23% growth in subscriber base under NPS, APY schemes
PTI / Apr 15, 2021, 15:16 IST
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NEW DELHI: Pension Fund Regulatory and Development Authority of India (PFRDA) has registered 23 per cent growth in its subscriber base under the flagship NPS and APY schemes to over 4.24 crore by end of March 31, 2021, the regulator said on Thursday.
The last year was an extremely challenging year because of Covid-19 restrictions, but still there has been growth of around 23 per cent in the subscriber numbers, PFRDA chairman Supratim Bandyopadhyay told reporters in a virtual conference, sharing the numbers.
No annuity rider, NPS subscribers get ₹5 lakh exit option
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Updated:
Admitting that annuities now fetch paltry pensions, regulator says investors can withdraw the corpus
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Admitting that annuities now fetch paltry pensions, regulator says investors can withdraw the corpus
The National Pension System (NPS) will no longer compel investors to convert 40% of their accumulated retirement corpus into an annuity, as poor yields on annuities and high inflation are translating into negative returns, the Pension Fund Regulatory and Development Authority (PFRDA) Chairman, Supratim Bandyopadhyay, said on Thursday.
The regulator will issue fresh rules to soon allow those saving up to ₹5 lakh in the NPS to take the whole amount at retirement, up from ₹2 lakh at present. The pension fund regulator is also hoping to launch the first guaranteed return NPS scheme in the coming year.
PFRDA logs 23 pc growth in subscriber base under NPS, APY schemes
PFRDA logs 23 pc growth in subscriber base under NPS, APY schemes
NEW DELHI, Apr 15: Pension Fund Regulatory and Development Authority of India (PFRDA) has registered 23 per cent growth in its subscriber base under the flagship NPS and APY schemes to over 4.24 crore by end of March 31, 2021, the regulator said on Thursday.
The last year was an extremely challenging year because of COVID-19 restrictions, but still there has been growth of around 23 per cent in the subscriber numbers, PFRDA Chairman Supratim Bandyopadhyay told reporters in a virtual conference, sharing the numbers.
PFRDA s subscriber base grows 23% under NPS, Atal Pension Yojana
The last year was an extremely challenging year because of COVID-19 restrictions, but still there has been growth of around 23 per cent in the subscriber numbers, PFRDA Chairman Supratim Bandyopadhyay told reporters
PTI | April 15, 2021 | Updated 17:43 IST
The APY subscribers as of March 31, 2021, were more than 2.8 crore
Pension Fund Regulatory and Development Authority of India (PFRDA) has registered 23 per cent growth in its subscriber base under the flagship NPS and APY schemes to over 4.24 crore by end of March 31, 2021, the regulator said on Thursday.
The last year was an extremely challenging year because of COVID-19 restrictions, but still there has been growth of around 23 per cent in the subscriber numbers, PFRDA Chairman Supratim Bandyopadhyay told reporters in a virtual conference, sharing the numbers.