What is the National Pension Scheme?
Pension Fund Regulatory and Development Authority (PFRDA) established by the Government of India has introduced the New Pension System (NPS) to all citizens of India on a voluntary basis with effect from 1st May 2009.This is compulsory to Central Government employees with effect from 01st January 2004.
The New Pension Scheme is a voluntary, simple, regulated, portable and flexible government pension system that lets your employees start saving for a comfortable retirement. This one is different from the existing pension schemes available with insurance companies.To enroll in the NPS one should be:
· An Indian citizen (resident or non-resident).
· Between 18-60 years of age at the time of application.
· Compliant to the Know Your Customer (KYC) norms.
Under NPS, a unique individual Permanent Retirement Account Number (PRAN) will be allotted.
∙ Minimum amount per contribution – Rs 500∙ Minimum contribution per year – Rs 6000∙ No Frequency ,no fixed date, and no fixed amount for contribution. Benefits of the New Pension Scheme:
• Tax saving - All investments in this scheme are tax exempted over and above all the other tax exemptions• It is economical - NPS offers Indian citizens a low cost option for planning their retirement• It is portable - Employees can choose to take their New Pension Scheme along with them wherever they go• It is regulated - NPS is regulated by PFRDA with transparent investment norms, regular monitoring and performance review of fund managers by the NPS trust.• Security - The Scheme is Regulated By Pension Fund Regulatory Development Authority of India which Certainly Lends Sense of Security in troubled Times. • No Due Date – In NPS Individual has choice of having No Frequency ,no fixed date, and no fixed amount for contribution (minimum 6000 to be maintained in FY).
9212313580
Sent from BlackBerry® on Airtel
Sorry to say, but I am bit confused as only NPS I know of is National Pension Scheme, so are you really referring to it only or else probably you meant to say NPR i.e. is National Population Register which is another Govt. of India initiative going parallel to UID/Adhaar.
Thanks,
Gurpreet Singh
From: "salimkhan" <salim.khan@crossingrepublic.net>
Sent: Wed, 15 May 2013 12:32:40
To: CrossingsRepublikOwnersAndMembersAssociation-CROMA@yahoogroups.co.in
Subject: [CROMA] NPS Camp
on behalf of Govt of India NPS Camp in Crossing Republik Infra GH-7 Society Premises.
Can anyone will be help. How to have this moving and contact point from RWA GH-7. Also they would like to cover all the societies once in a week and purposed cost for per activity is 2000Rs. for RWA. Please let me know who all would like to have this stalling in there campus.
Cheers!!!
+91-8800661272
http://www.croma.org.in
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