For Quick Alerts
For Daily Alerts

    National Pension Scheme And Its Impact On Employees Under NPS


    The National Pension System (NPS) has been designed giving utmost importance to the welfare of the subscribers under NPS.

    It is prudently regulated by PFRDA which is a statutory regulatory body established to promote old age income security and to protect the interests of subscribers of NPS.

    There are a number of benefits available to the employees under NPS. Some of the benefits are enlisted below: 

    National Pension Scheme And Its Impact On Employees Under NPS

    • NPS well designed

    It is a well designed pension system managed through an unbundled architecture involving intermediaries appointed by the Pension Fund Regulatory and Development Authority (PFRDA) viz, pension funds, custodian, central record keeping and accounting agency, National Pension System Trust, trustee bank, points of presence and annuity service providers.

    • Dual benefit

    There is a dual benefit of low cost and power of compounding - The pension wealth which accumulates over a period of time till retirement grows with a compounding effect. The all-in-costs of the institutional architecture of NPS are among the lowest in the world. 

    • Tax Benefits

     The tax benefits are available to the NPS subscribers under the provisions of the Income-tax Act, 1961. These were further increased in the Finance Bill, 2015. 

    • Transparency and Portability

    Transparency and portability is ensured through online access on the pension account by the NPS subscribers, across all geographical locations and portability of employments. 

    • Partial withdrawal

    Subscribers can withdraw upto 25% of their own contributions before attaining superannuation age, subject to certain conditions. 

    Source: PIB

    Read more about: nps national pension system
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more