Submission of Option by Eligible Officers for Coverage under Central Civil Services (Pension) Rules The Office Memorandum with reference number F.No. 7(1)/NPS/2020-EC-II(A)/185 issued by the Government of India's Directorate General of Central … [Read more...] about Coverage under Central Civil Services (Pension) Rules for Central Government Employees
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National Pension Scheme
Understanding the Different Types of Financial Information (FI) for Balances in NPS
Financial Information (FI) Types for Balances under National Pension System (NPS) The Pension Fund Regulatory and Development Authority (PFRDA) has issued a circular to all National Pension System (NPS) stakeholders and account aggregators … [Read more...] about Understanding the Different Types of Financial Information (FI) for Balances in NPS
Understanding the tax implications of investing in the National Pension System
Clarification on Provisions of Income Tax Act' 1961 for National Pension System (NPS) The Food Corporation of India has issued a circular (FCIDCPS-02/2023) on 13th Feb 2023, clarifying the provisions under the Income Tax Act of 1961 pertaining to … [Read more...] about Understanding the tax implications of investing in the National Pension System
One-Time Option NPS to OPS
One-Time Option to Switch to CCS (Pension) Rules, 1972 (Now 2021) for Central Government Employees Covered Under NPS The Department of Pension and Pensioners Welfare in India has issued an office memorandum allowing Central Government employees … [Read more...] about One-Time Option NPS to OPS
Date of Next Increment under Rule 10 of Central Civil Services (Revised Pay) Rules, 2016
Understanding the Calculation and Implications of Next Increment Date for Central Civil Services Employees The Bharatiya Pratiraksha Mazdoor Sangh has issued a reminder letter to the Secretary of the Department of Expenditure, Ministry of Finance, … [Read more...] about Date of Next Increment under Rule 10 of Central Civil Services (Revised Pay) Rules, 2016
Employees Pension Scheme, 1995 – Simplification of Rule 17 (payment of pension)
Employees Pension Scheme The Ministry of Labour and Employment in India has issued a response to a question raised in Lok Sabha regarding the Employees Pension Scheme. The response clarifies that the rule 17-A of Employees’ Pension Scheme (EPS), … [Read more...] about Employees Pension Scheme, 1995 – Simplification of Rule 17 (payment of pension)
PFRDA Reduces Turnaround Time for NPS Activities to T+2
Improved System Interfaces and IT Capabilities to Enhance Subscriber Experience and Benefits. The Pension Fund Regulatory and Development Authority (PFRDA) has issued a circular to all stakeholders under the National Pension System (NPS), … [Read more...] about PFRDA Reduces Turnaround Time for NPS Activities to T+2
Payment of Gratuity Act, 1972 for the employees of NVS covered under NPS
Payment of Gratuity Act, 1972 for the employees of NVS covered under National Pension System The Navodaya Vidyalaya Samiti has adopted the Payment of Gratuity Act, 1972 for employees who joined on or after January 1, 2004 and are covered under … [Read more...] about Payment of Gratuity Act, 1972 for the employees of NVS covered under NPS
Processing Death Claims NPS
Processing Death Claims where Nomination is changed post death of Subscribers You can download Processing Death Claims where Nomination is changed post death of Subscribers PDF by following the direct download link end of this article PENSION … [Read more...] about Processing Death Claims NPS
NPS Digital On boarding through CKYC
PFRDA Circular: NPS Digital On boarding through CKYC PENSION FUND REGULATORY AND DEVELOPMENT Circular Circular No: PFRDA/2022/36/SUP-CRA/12 22nd Nov 2022 ToAll NPS Stake Holders Subject: NPS Digital On boarding through CKYC PFRDA … [Read more...] about NPS Digital On boarding through CKYC
