‘Mindset to blame for poor response to NPS’

News:According to the Pension Fund Regulatory and Development Authority (PFRDA),National Pension System (NPS) is a less-preferred saving option due to a certain mindset of individuals and corporates. Facts: The PFRDA has said that there are around 7,000 corporates companies registered with PFRDA.However, only 2-4% of employees of these registered companies are covered under NPS. Further,the… Continue reading ‘Mindset to blame for poor response to NPS’

Overseas citizens of India can subscribe to National Pension System

News:Pension Fund Regulatory and Development Authority (PFRDA) has now permitted Overseas Citizen of India(OCI) to enroll in the National Pension System(NPS) at par with Non-Resident Indians. Facts: About National Pension System(NPS): National Pension System (NPS) is a government-sponsored pension scheme. It was launched in 2004 for government employees.However,in 2009,it was opened to all sections. NPS… Continue reading Overseas citizens of India can subscribe to National Pension System

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