Indian citizens aged between 18 and 70 years of age. After retirement, up to 60% of the corpus can be withdrawn as a lump sum amount, while the remaining 40% can be used for buying an annuity plan.

NPS offers significant tax benefits to encourage long-term retirement savings. Under Section 80 CCD (1), you can claim a tax ...

In the history of pension schemes, UPS is the latest addition. UPS is a pension scheme, however, here an employee has to contribute 10% of their basic pay and the DA (dearness allowance). The ...

The Finance Ministry has announced a new pension scheme, the Unified Pension Scheme (UPS), which will come into effect from ...

As the Centre notifies the UPS as an option under the National Pension System, let's see how does it differ from the earlier ...

Retirement planning is an important step towards fiscal security, and choosing the right pension scheme plays a significant ...

Policy will come into effect from April 1 and is expected to benefit over 2.3 million central government employees ...

Post achieving the age of 60 years; 60 per cent of the corpus withdrawn as a lumpsum or using systematic lumpsum withdrawal ...

India's National Pension System is a voluntary, long-term investment plan for retirement, regulated by the Pension Fund ...

If a central government employee voluntarily retires after 25 years of service, the assured pension payouts will begin at the ...

Both current and future Central Government employees covered under the National Pension Scheme (NPS) have the option to ...