According to the Ministry of Personnel, Public Grievances and Pensions, the Department of Pension and Pensioners’ Welfare has ...

Finance Ministry introduces one-time switch from Unified Pension Scheme to National Pension System for Central government ...

The National Pension System (NPS) has become one of the key options for individuals in India to plan for retirement. While the framework remains the same, the tax treatment under the old and new ...

The central government has issued the rules for UPS. Now employees can go from NPS to UPS by choosing the lump sum option. In ...

Once the switch is exercised, employees will no longer be entitled to UPS benefits, including assured payouts. The government ...

Under the memorandum, eligible employees under UPS can switch to NPS only once, and cannot revert to UPS after making the switch. The switch must be exercised at least one year before superannuation ...

The Ministry of Finance has introduced a one-time, one-way switch facility allowing Central Government employees under the ...

NPS rules clearly state that once the scheme matures when the subscriber retires at the age of 60, it is mandatory for the ...

The Centre has allowed a one-time switch from the Unified Pension Scheme (UPS) to the market-linked National Pension System ...

Your employer can contribute to your NPS over and above the employees’ provident fund (EPF). Employees or employers need not to choose one over the other. This is eligible for tax benefits under ...

Besides the tax benefits, if you are looking at investment for retirement, NPS is a good choice. The government backing and pocket-friendly contributions make it an attractive choice.

The government has introduced a one-time, one-way switch from Unified Pension Scheme (UPS) to National Pension System (NPS) ...