National Pension Scheme, National Pension Plan, NPS, Details of National Pension Scheme, Benefits of National Pension Scheme, Central Government Schemes, State Government Schemes, List of All Government Schemes, Government Schemes The Central Government of India led by NDA Leader and the Hon’ble Prime Minister of India Shri Narender Modi has launched a low-cost, tax-efficient and flexible retirement savings scheme i.e. National Pension System (NPS). The National Pension Scheme is one of the saving schemes where anyone can invest money monthly or through a systematic saving plan during your working life to get an adequate retirement income. Under this scheme, all Indian citizens of 18 to 60 years of age, including NRIs are eligible to apply for a pension fund account.The National Pension Scheme is a quarterly equity instrument in which 40% of the corpus escapes tax at maturity, whereas 60% of the corpus is taxable. Anyone can open NPS account individually with any of the national banks or as an employee. Besides this, an applicant can also contribute to his.her retirement account and so does your employer, who can or cannot co-contribute for the social security/welfare of the individual. What is the National Pension Scheme National Pension Plan is the cheapest market-related retirement plan between all other retirement plans (EPF, PPF and mutual funds), it suggests that this maximum number of sales will be recorded. But due to very little pays incentives/commissionission for middlemen, they are not getting promotions. When the plan started, the scenario was poor, the cost of fund management was limited to 0.0009 percent and the attendance points or POP where investor accounts were opened, they were not allowed to charge more than Rs 20 per account, no matter how big Why not invest only. In addition to an annual CRA of 225 rupees, there was also a fee for opening a 50 rupee account for the CRA. The fund management fee for non-government funds has now increased to 0.25 percent and for the government, funds it has increased by 0.0102 percent. Also, POPs are allowed to charge more than 100% of the investment of 0.25%. This change will definitely act as an incentive for the agents who will now actively present the product in the market.Accordingf to the latest updates of 2016, an additional tax benefit of Rs 50,000 under Section 80CCD (1b) of Income Tax Act is given under NPS, which is more than Rs 1.5 lakh exemption of Section 80C.This change will be implemented from April 1, 2018 and will, accordingly, apply in relation to the assessment year 2018-19. NPS is a market-linked annuity product. Eligibility Criteria for NPS A citizen of India, whether resident or non-resident, who complies with the following conditions. Any individuals aged between 18 to 60 years as on the date of submission of his/her application to the Points of Presence (POP)/POP-Service Providers (SP). All citizens can join NPS either as individuals or under the employee-employer group(s) post the submission of all required information and KYC documentation. Types of National Pension Plans (NPS) There are two types of NPS accounts Tier-1 Account It has a basic pension account with borders on the return Only 20% of the contribution can be withdrawn before the age of 60 years can be withdrawn, whereas the remaining 80% is required to be used by the life insurance company to buy the annuity. Annuity is a series of payments made at fixed intervals of time. Annuity plans require insurers to pay insured income at regular intervals till their death or till maturity of the plan. Even after retirement (60 years), 60% contribution can be taken close and remaining 40% can be used to purchase annuity from approved life insurance companies. Tier II Account This is a voluntary saving option, so that a person can withdraw money unlimited. Read More: National Pension Scheme, National Pension Plan, NPS, Details of National Pension Scheme, Benefits of National Pension Scheme, Central Government Schemes, State Government Schemes, List of All Government Schemes, Government Schemes Source: Free Articles from ArticlesFactory.com Hello Readers, Myself Prince Vajpayee I am working for My Government Schemes a web page that provides complete information about the Central Government Schemes, State Government Schemes, List of All Government Schemes, Government Schemes .
Top blog stories
A review of Idmobile.com
Idmobile.com offers both pay-as-you-go and contract plans. Pay-as-you-go plans are ideal for customers who don't want to be tied down to a long-term contract, and they can purchase bundles of data, minutes, and texts as and when they need them.
Idmobile.com offers both pay-as-you-go and contract plans. Pay-as-you-go plans are ideal for customers who don't want to be tied down to a long-term contract, and they can purchase bundles of data, minutes, and texts as and when they need them.
AO.co is a trusted expert in TVs, washing machines, clothes dryers and other household appliances. AO.com is one of the largest retailers in the UK and it specializes in electronics, clothes and home furniture.
At Three, we believe phones are good. They just make life better. Easier. And more fun. But
we all need to find a balance that works for us. Our mission is to help our customers use
their phones to live their best lives.
We make your life easier
Since 1992, we’ve been helping customers get the best deal on their dream phone. We firmly believe in giving you the highest quality, for the lowest price. That’s why we work with three of the UK’s leading networks to do all the haggling for you,...
At Halfords, we're all about the journey. With more than 700 stores with over 10,000 colleagues, we're the UK's leading retailer of automotive and cycling products. We are also the leading operator in MOT, tyres, car servicing and car repairs - pleasing more than 750,000 customers every year.
It's important to us that everyone gets great customer service and can enjoy our products, no matter their level of sight. So, if you're blind, partially sighted or struggle to see or read the screen, we’ve a range of features to help you get the most from our products and...
Look iconic, without the hassle— using Nasty Gal discount codes, you can shop your favorite pieces for way less by simply entering one of our promotional codes (of your choice) at the checkout. From delivery offers, to promo deals, we keep ‘em coming, so you always have the offer you...
The Covid-19 has caused the school and universities to shut down around the world creating a major issue in Learning and Education. As this virus spreads through the interaction and if social distanci... The Covid-19 has caused the school and universities to shut down around the world creating a major...
Why its Important to Manage Your Holiday Calendars?
A printable calendar 2021 is a prominent online platform where you download printable calendars of your choice. These calendars can be customized as per our client requirement with photo, text, logo, or any other image. If you are thinking of planning a dream vacation tour with family and kids but...
Idmobile.com offers both pay-as-you-go and contract plans. Pay-as-you-go plans are ideal for customers who don't want to be tied down to a long-term contract, and they can purchase bundles of data, minutes, and texts as and when they need them.
Idmobile.com offers both pay-as-you-go and contract plans. Pay-as-you-go plans are ideal for customers who don't want to be tied down to a long-term contract, and they can purchase bundles of data, minutes, and texts as and when they need them.
AO.co is a trusted expert in TVs, washing machines, clothes dryers and other household appliances. AO.com is one of the largest retailers in the UK and it specializes in electronics, clothes and home furniture.
At Three, we believe phones are good. They just make life better. Easier. And more fun. But
we all need to find a balance that works for us. Our mission is to help our customers use
their phones to live their best lives.
We make your life easier
Since 1992, we’ve been helping customers get the best deal on their dream phone. We firmly believe in giving you the highest quality, for the lowest price. That’s why we work with three of the UK’s leading networks to do all the haggling for you,...
At Halfords, we're all about the journey. With more than 700 stores with over 10,000 colleagues, we're the UK's leading retailer of automotive and cycling products. We are also the leading operator in MOT, tyres, car servicing and car repairs - pleasing more than 750,000 customers every year.
It's important to us that everyone gets great customer service and can enjoy our products, no matter their level of sight. So, if you're blind, partially sighted or struggle to see or read the screen, we’ve a range of features to help you get the most from our products and...
Look iconic, without the hassle— using Nasty Gal discount codes, you can shop your favorite pieces for way less by simply entering one of our promotional codes (of your choice) at the checkout. From delivery offers, to promo deals, we keep ‘em coming, so you always have the offer you...
Search topic
Nasty Gal - We exist for the “girl in progress”.
Look iconic, without the hassle— using Nasty Gal discount codes, you can shop your favorite pieces for way less by simply entering one of our promotional codes (of your choice) at the checkout. From delivery offers, to promo deals, we keep ‘em coming, so you always have the offer you...