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’
Tag: NATIONAL PENSION SYSTEM
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
