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National Pension System (NPS) is a defined contribution pension system. NPS schemes have two options. Tier 1 and Tier 2. Tier 1 has a longer lock in period (15 years for even partial withdrawal ...

Latest NPS rules, news: In the Union Budget 2024 speech, Finance Minister Nirmala Sitharaman announced two new initiatives ...

The National pension system (NPS) is a contributed retirement planning scheme, which is regulated by the Pension Fund Regulatory and Development Authority (PFRDA) and the Union Government of India.

UPS vs NPS vs OPS: For a long time, government employees have been demanding either amendment to the New Pension Scheme (NPS) or the reinstatement of the Old Pension Scheme (OPS). The ...

NPS investments: Have you turned 40 and haven’t started your retirement savings yet? Don’t worry—you can start with an NPS and secure both a good retirement corpus and a regular pension ...

This development comes amid significant backlash from government employees to the New Pension Scheme (NPS), which the Opposition has tapped into for political gains. Opposition-ruled states like ...

NPS is currently open for people between 18 and 60, and our Board has approved raising the age limit for joining to 65.(HT File/ Representative Purpose) Starting in the next financial year ...

Only employees who are currently subscribers of the New Pension Scheme (NPS), including retirees, will be allowed to opt for the UPS. The question is: should you switch from the NPS to the UPS?

It guarantees a 50% of basic salary pension. Employees can choose between UPS and NPS, the latter being market-linked. Central government employees have the option to choose between UPS and NPS.

As the Centre has introduced the option to choose between UPS and NPS from the next financial year, here are the key differences between the two schemes. The people who have opted for the National ...

The Unified Pension Scheme (UPS) offers government employees a more secure retirement plan compared to the National Pension Scheme (NPS). UPS provides a guaranteed pension, family pension ...