Daily Headlinez Top News Updates
By Shiva RajoraNEW DELHI: Amid weak market conditions and falling interest rates, Employees Provident Fund Organisation (EPFO) on Monday recommended retaining the interest rate on retirement savings accumulated by nearly 31 crore unchanged at 8.25% during the current financial year. This is the third consecutive year that the social security organisation has kept the rate…
India’s pension regulator has relaxed exit and withdrawal norms under the National Pension System (NPS), giving non-government subscribers greater flexibility over their retirement savings and extending the investment horizon to age 85, PTI reported.Under the revised rules, non-government NPS subscribers will now be allowed to withdraw up to 80% of their accumulated pension wealth at…
Mumbai: Individuals with an NPS account will soon be able to spread their retirement savings across multiple schemes instead of sticking to a single option. The Pension Fund Regulatory and Development Authority (PFRDA) has rolled out a Multiple Scheme Framework (MSF) for non-government sector subscribers.The move is significant for corporate employees, professionals, self-employed individuals and…
