Attention is being paid to all participants in the National Pension Scheme (NPS) under the central government. The government has introduced new regulations concerning the NPS. The Department of Pension and Pensioners’ Welfare (DoPPW) has issued essential instructions to ministries and departments, mandating strict adherence to Rule 10 under the Central Civil Services (NPS Implementation) … Read more
The National Pension System (NPS) is one of the best options for retirement planning. By investing small amounts in this scheme, you can accumulate a total of ₹5 crore by the time you retire, allowing you to receive a pension of ₹2.5 lakh per month. It may sound surprising, but it’s true. Let’s explore this … Read more
Parents are often careful when it comes to investing in their children’s future. With various schemes available in the market, it can be confusing to decide where to invest. The recent NPS Vatsalya Scheme, launched by the central government, is aimed at securing the future of children. Additionally, mutual funds have long been considered a … Read more
The central government has introduced a new scheme to provide financial security to children, similar to the NPS Vatsalya Scheme, which offers long-term benefits. Union Finance Minister Nirmala Sitharaman launched the scheme on September 18, 2024, and it received an unexpected response of around 10,000 children registered on the first day. The Pension Fund Regulatory … Read more
Enroll your children in the NPS Vatsalya scheme and help them become millionaires: Every parent works hard for their children’s future. They plan to save some of their earnings and provide it when needed. Now, we will tell you about a fantastic central government scheme that can help your children become millionaires. Union Finance Minister … Read more
The Finance Minister announced the NPS Vatsalya Scheme during the Budget 2024. It is a pension scheme opened in the name of minor children. Parents or guardians can open an NPS Vatsalya account in the child’s name (minor), and when the child turns 18 (major), the account becomes a regular NPS account. Previously, only majors … Read more
Everyone wants their children’s future to be secure. Therefore, parents make arrangements for adequate financial protection while their children are still young. Many existing schemes are available for this purpose, and the central government has recently introduced another scheme called the National Pension Scheme (NPS) in Vatsalya. This scheme involves opening a retirement account in … Read more
The NPS Vatsalya Scheme, a recent government initiative, provides a secure avenue to safeguard your child’s financial future. Introduced in the July 2024 budget by Union Finance Minister Nirmala Sitharaman, this scheme is overseen by the Pension Fund Regulatory and Development Authority (PFRDA). Through this scheme, parents or guardians can build a retirement corpus for … Read more
Employee retirement typically occurs at age 60 or 62, and business owners also retire at a certain age. Planning for retirement is essential to ensure a smooth transition from work to post-retirement life. Saving for the future is crucial, and various policies, schemes, and investment options are available for post-retirement life. The Government of India … Read more
It’s important to note that the National Pension System (NPS) offers options for withdrawing money from the account before retirement. This can be done either partially or entirely, but specific rules apply to these withdrawals. Accumulating substantial money by retirement is crucial for a smooth and financially stable post-retirement life. However, unexpected needs can arise … Read more