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Now Paperless Aadhaar-Based KYC Allowed For Opening NPS Account
On Wednesday, pension fund regulator PFRDA informed that it has allowed Aadhaar-based paperless KYC process for onboarding of new subscribers under the National Pension System (NPS). The Pension Fund Regulatory and Development Authority of India (PFRDA) said it has permitted e- ...
Auto-Debit Contribution Paused On Atal Pension Yojana
Amid the COVID-19 crisis, the Pension Fund Regulatory and Development Authority (PFRDA) has decided to pause the auto-debit facility for contributions towards Atal Pension Yojana (APY). Consequently, contributions towards the pension scheme will not be auto-debited from accounts of subscribers till ...
Auto Debit Contribution Paused On Atal Pension Yojana
Minimum Networth Criterion Of Pension Fund Managers Doubled
The Pension Fund Regulatory and Development Authority (PFRDA), the pension regulator of India, has doubled the minimum net worth criterion for pension fund managers to Rs 50 crore from Rs 25 crore. In order to comply, existing pension fund managers ...
Minimum Networth Criterion Of Pension Fund Managers Doubled
Reliance Capital Pension Fund Registration Cancelled Under NPS
 Pursuant to the company's request, the registration of Reliance Capital Pension Fund has been cancelled under the government's NPS scheme. In the notice, the PFRDA says henceforth the fund is not available for subscription under NPS. It was among the eight ...
Investment Limit And Bank Charges For National Pension Scheme Account
Recently the relaxation allowed in respect of partial withdrawals as well as increased tax benefits further makes the retirement saving tool or NPS (national pension scheme) account more attractive for investors. The account was launched originally to provide pension benefit to ...
NPS To Likely Become A Minimum Assured Return Product
The returns on the pension scheme National Pension System (NPS) are currently linked to the returns of the underlying instruments such as equity, debt or a mix of both. But the PFRDA, the institution managing the fund may soon allow its ...
Nps Subscribers Be Allowed Choose Fund With Minimum Assured
Govt May Soon Double Minimum Pension Received Under APY
The Ministry of Finance is looking at some of the suggestions made by the PFRDA (Pension Fund Regulatory and Development Authority) including increasing the upper age limit for availing Atal Pension Yojana (APY) to 50 years said Financial Services Secretary Rajiv Kumar at ...
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