pension fund regulatory and development authority

Pension fund regulator PFRDA plans to come out with a systematic withdrawal plan which will provide flexibility to pension account holders to withdraw a lump sum fund as per their choice on completion of 60 years. "It is at a very advanced…

Pension Fund Regulatory and Development Authority Chairperson Deepak Mohanty. Pension Fund Regulatory and Development Authority (PFRDA) will introduce a new feature in the Systematic Lumpsum Withdrawal plan during the second half of 2023,…

Last Updated: April 07, 2023, 10:54 ISTPension Syatem Will be Reviewed The Indian government has formed a panel to review the country’s pension system and discuss whether changes are warranted, the finance ministry said on ThursdayThe…

Finance Ministry on Thursday set up a committee under Finance Secretary T V Somanathan to review the pension system for government employees. The committee would suggest whether in the light of the existing framework and structure of the…

Last Updated: March 23, 2023, 08:35 ISTNPS is administered and regulated by Pension Fund Regulatory and Development Authority (PFRDA). All residential and non-residential Indians aged between 18-70 years are eligible to open an account…

The total assets under management under National Pension System and Atal Pension Yojana stood at Rs 8.81 lakh crore as on March 4, 2023. (Representative image)Prior to this, Mohanty, a former executive director of the Reserve Bank of India…

All Indian citizens between the ages of 18 and 40 who have savings accounts in a bank or post office are eligible for this program. In a similar vein, the proportion of subscribers between the ages of 18 and 25 has increased from 32% in…

Former RBI Governor D. Subbarao. File | Photo Credit: The Hindu The decision of some States to restart Old Pension Scheme will be decidedly a regressive move and will provide more privilege to government servants at the cost of larger…

NEW DELHI: India's pension fund regulator has recommended the government introduce a UK-like pension schemefor the country's gig workers, a move aimed at bringing about 90% of the overall workforce into the pension fold, its chairman told…

Last Updated: December 27, 2022, 11:14 ISTGovernment sector pensioners include the central government, state government, and central autonomous bodies employees. The amendment is only for government sector subscribers and will be…