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How does NPS work?
Under the NPS, an individual's savings is contributed to a pension fund. These pension funds are managed by PFRDA regulated Fund Managers who invest the pension money into a diverse portfolio of varied products in line with the regulatory norms. ...
What is the tax treatment of NPS?
As per new rules, 60% of the corpus withdrawn at the time of maturity is completely tax-free. The rest 40% has to be annuity. Annuity income in the subsequent years will be taxable, based on the income tax slab of the investor. However, the total ...
What is the lock-in period for NPS?
You have to stay invested in NPS till retirement. However, in case of premature exit, you can completely withdraw from NPS without any penalty if your total accumulated corpus is less than or equal to ₹1 lakh. However, you can exit from NPS only ...
What is NPS?
National Pension Scheme is a Government scheme for all citizens of India looking for a safe and secure investment plan with good returns to create a corpus for their retirement. It is regulated by the Pension Fund Regulatory and Development Authority ...
What is PRAN number?
Once you invest in NPS, you will be periodically contributing savings into your Permanent Retirement Account (PRA) and shall use the accumulations at retirement to procure a pension for the rest of your life. The NPS is based on a unique individual ...