Press Release — Returns on NPS schemes for F.Y. 2012-13The National Pension System (NPS) regulated by Pension Fund Regulatory and Development Authority (PFRDA) has delivered double digit returns for the financial year 2012-13 and has evidenced itself as not just being the cheapest retirement product but also as the highest returns generating scheme.PFRDA advises that […]
NPS
NPS status-as on May 7, 2013
The NPS status report as on May 7, 2013 is given as under: SI. No. Employer/Sector Number of subscribers Corpus under NPS (In Rs. crore) 1. Central Government 11,55,307 18,693 2. State Government 16,84,649 11,741 3. Private Sector 2,27,181 1,529 4. NPS-Lite 19,23,851 604 Total 49,90,988 32,567 Till date 8,817 Tier II accounts have […]
Gratuity Pay under New Pension System
Gratuity Pay under New Pension System Press Information Bureau Government of IndiaMinistry of Finance 03-May-2013 16:54 IST Gratuity Pay under New Pension System Death-cum-Retirement Gratuity is paid to Central Government employees under New Pension System (NPS) as it is paid under the old pension scheme. The monthly annuity under the New Pension System (NPS) […]
CRA reduces AMC by almost 20% and transaction charges by more than 16%
CRA reduces AMC by almost 20% and transaction charges by more than 16% CRA had reduced Annual Maintenance Charges (AMC) from Rs. 350 to Rs. 280 and Transaction Charges from Rs. 10 to Rs. 6 once the number of accounts (PRANs) crossed 10 lakhs. It was committed to reduce the charges once the number of […]
PFRDA to appoint auditors for pension fund managers
PFRDA to appoint auditors for pension fund managers To keep a tighter check on investments, the pension regulator has decided to appoint auditors for the pension fund managers (PFMs) and schemes of the National Pension System (NPS). Fund managers will also be expected to make full disclosure of scheme-wise investments on their websites. “As the […]