• About Us
  • Add Post
  • Contact
  • Contribute For Us
  • Homepage
  • Our Authors
  • Privacy Policy
What's Hot

Newcastle anxiously awaiting Christian Atsu information amid earthquake studies

February 7, 2023

BMW Spending $865M in Mexico for EV, Battery Plants

February 7, 2023

Henry Slade named in England squad to face Italy after harm

February 7, 2023
What's Hot

Newcastle anxiously awaiting Christian Atsu information amid earthquake studies

February 7, 2023

BMW Spending $865M in Mexico for EV, Battery Plants

February 7, 2023

Henry Slade named in England squad to face Italy after harm

February 7, 2023
Facebook Twitter Instagram
  • About Us
  • Contact
  • Add Post
  • Contribute For Us
  • Privacy Policy
  • Our Authors
Facebook Twitter LinkedIn
BusinessLendBusinessLend
  • NEWS
  • BUSINESS
  • AUTO
  • TECH
  • MONEY
  • STARTUP
  • SUCCESS STORIES
  • OTHER
    • Press Release
    • OPINION
Subscribe
BusinessLendBusinessLend
Home»NEWS»If you invest in NPS, you will be able to withdraw your money soon, but you will have to fulfill this condition
NEWS

If you invest in NPS, you will be able to withdraw your money soon, but you will have to fulfill this condition

Bhagyashree SoniBy Bhagyashree SoniApril 16, 2021No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
If you invest in NPS, you will be able to withdraw your money soon, but you will have to fulfill this condition
Share
Facebook Twitter LinkedIn Pinterest Email

NPS: Soon you will be able to withdraw the entire amount from NPS at the time of maturity, if your corpus is less than 5 lakh rupees.

1/6

The pension scheme is big news for those investing in the National Pension System (NPS). Soon you will be able to withdraw the entire amount from NPS at the time of maturity, if your corpus is less than 5 lakh rupees. The Pension Funds Regulatory and Development Authority (PFRDA) has proposed to increase the current limit to benefit small subscribers.

2/6

Nps1

Currently, if your corpus is more than Rs 2 lakh on maturity, you can withdraw 60 percent of the corpus which is tax free under Section 10 (12A) of the Income Tax Act. The remaining 40 per cent becomes annuities, which you get as pension amount every month.

3/6

Nps2

In addition, PFRDA has proposed to increase the maximum entry age for NPS from 65 to 70. The regulator has also proposed that customers joining after the age of 60 years will be allowed to continue their NPS accounts till the age of 75 years.

4/6

Nps3

The pension regulator has also suggested to prepare a minimum guaranteed pension product. This will come under the purview of NPS. At present, how much will be the pension under the National Pension System depends on how much has been deposited in the pension fund and how has the performance of this fund been. It is believed that request for such a product will be put forward within the next 15-20 days.

5/6

Nps5

Currently, NPS gives you two investment options to choose from – Active and Auto Options. Under the active option, you can save regularly through various asset classes such as equity (E), corporate debt (C) and government bonds (G). You also have the facility to choose the fund ratio to be invested between E, C & G.

6/6

Nps6

Please tell that under PFRDA NPS and Atal Pension Yojana (APY), it manages assets worth Rs 5.78 lakh crore. Its number of subscribers as on 31 March 2021 is 4.24. The regulator expects a 30 per cent jump in AUM this year.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Bhagyashree Soni
  • Facebook

Bhagyashree Soni is a software engineer with soft writing skills. She is a degree holder from the International School of Entrepreneurial Leadership. She has been a state-level badminton champion and chess player. A woman with a forthright attitude enjoys her writing passion as her chosen career. Writing in the context of feminism, social-cause and entreprenurship is her forte.

Related Posts

Two extra aircrafts with help to be despatched to Türkiye, following President Ilham Aliyev‘s directions

February 7, 2023

MFA shares particulars of terrorist assault on Azerbaijani Embassy in Iran (UPDATE)

February 6, 2023
Add A Comment

Comments are closed.

Advertisement
Editors Picks

German recession looms as enterprise confidence slumps to two-year low

July 25, 2022

Iranian forex charges for January 15

January 15, 2023

Iranian foreign money charges for June 1

June 1, 2022

Should We Follow the Science Instead of the Votes?

July 2, 2022
Advertisement
Latest Posts

Newcastle anxiously awaiting Christian Atsu information amid earthquake studies

February 7, 2023

BMW Spending $865M in Mexico for EV, Battery Plants

February 7, 2023

Henry Slade named in England squad to face Italy after harm

February 7, 2023

Business Lend is a platform which brings executives officers, entrepreneurs, and venture capitalist together from different sectors. We keep on connecting with our users with the help of our monthly edition carving our way slowly towards the highest readership.

Facebook Twitter Instagram LinkedIn
Must Read
  • Newcastle anxiously awaiting Christian Atsu information amid earthquake studies February 7, 2023
  • BMW Spending $865M in Mexico for EV, Battery Plants February 7, 2023
  • Henry Slade named in England squad to face Italy after harm February 7, 2023

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

© 2023 BusinessLend. Designed by ThemeSphere.
  • About Us
  • Contact
  • Add Post
  • Contribute For Us
  • Privacy Policy
  • Our Authors

Type above and press Enter to search. Press Esc to cancel.