Handbook of National Pension System Statistics (2023) The Pension Fund Regulatory and Development Authority (PFRDA) has announced the release of the "Handbook of National Pension System Statistics (2023)" (HNPSS). This annual publication marks the … [Read more...] about PFRDA Releases Handbook of National Pension System Statistics (2023)
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National Pension Scheme
PFRDA Circular On NPS Annuities for Retirement Income Optimization
Retirement Income Optimization through Multiple Annuities The Pension Fund Regulatory and Development Authority (PFRDA) has issued a circular announcing that multiple annuity options will be made available to subscribers under the National Pension … [Read more...] about PFRDA Circular On NPS Annuities for Retirement Income Optimization
PFRDA Circular on Margin Requirements with CCIL for Pension Funds
Permission for keeping of securities as margin with the CCIL for margin requirements The Pension Fund Regulatory and Development Authority (PFRDA) has issued a circular on 20th April 2023, allowing Pension Funds to keep securities as margin with … [Read more...] about PFRDA Circular on Margin Requirements with CCIL for Pension Funds
Important Circular by PCDA (WC) regarding the Shift from NPS to CCS (Pension) Rules
Coverage under CCS (Pension) Rules, in place of National Pension System of those Central Government Employees The Indian Ministry of Defence has issued an important circular regarding the coverage under CCS (Pension) Rules for central government … [Read more...] about Important Circular by PCDA (WC) regarding the Shift from NPS to CCS (Pension) Rules
Recruited before 22.12.2003 Can Opt for Central Civil Service (Pension) Rules
Central Government Employees Recruited before 22.12.2003 can now be covered under Pension Rules The Department of Telecommunications, Ministry of Communications, Government of India has issued an Office Memorandum stating that Central Government … [Read more...] about Recruited before 22.12.2003 Can Opt for Central Civil Service (Pension) Rules
Exercise of Option for Coverage under CCS (Pension) Rules
Time-Bound Option for Central Government Employees Recruited on/before 22.12.2003 The Ministry of Defence in India has issued an office memorandum regarding the coverage of Central Civil Services (Pensions) Rules for central government employees … [Read more...] about Exercise of Option for Coverage under CCS (Pension) Rules
Efficient Management through NPS Oversight Mechanism
Setting up of NPS Oversight Mechanism The Principal Controller of Defence Accounts (WC) in Chandigarh has sent a memo to various officials requesting their attendance at two upcoming virtual meetings related to the National Pension System (NPS) … [Read more...] about Efficient Management through NPS Oversight Mechanism
Coverage under Central Civil Services (Pension) Rules for Central Government Employees
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
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