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PFRDA’s New Pension Scheme

Pension

PFRDA’s New pension scheme comes into effect from 1st May 2009

The New Pension Scheme is a system which has defined contribution unlike assured benefits of old pension system.

The regulator has got the approval of the Election Commission to roll out the NPS.

NPS was originally scheduled for the beginning of this fiscal but was deferred due to the model code of conduct.

Only non-withdrawable portion of the pension system will be launched on May Day, while withrawable portion will be operational in about six months. NPS is mandatory for all Union Government employees, who have joined the service on January 1, 2004 or later.

Most of the state governments, except for Left-ruled ones and a few others have joined NPS for their employees.

Download following documents for full details

  1. List of Locations for opening NPS account
  2. Offer Document for New Pension System for all Citizens
  3. New Pension System (NPS) extended to all Citizens from 1st May 2009
  4. Detailed investment guidelines for all Citizens under the New Pension System
  5. Revised Subscriber Registration Form for opening NPS account and allotment of Permanent Retirement Account Number (PRAN)
  6. New Pension System for all Citizens_Welcome Kit

Tax Treatment

The offer document of NPS does not specify the tax benefits in elaborate manner. It specifies “Tax benefits would be applicable as per Income Tax Act, 1961 as amended from time to time.” As per current provisions, withdrawals under the NPS attract tax under the EET (exempt-exempt-taxable) system, which means that while contributions and returns to the NPS are exempt up to a limit, withdrawals would be taxed as normal income (EET).

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36 Responses to “PFRDA’s New Pension Scheme”

MANOJ B. GANDHI [ 31May09]

i want clear information on new pension scheme.

Darshit [ 04Jun09]

Please let me know about the NPS is a good scheme for Future? Do we get tax benefit while investing and withdrawals would be Tax Exempted or Not ?

As per your analysis, what hardened earn money (INR) to invest in this scheme to secure future of self & family?

Also suggest some best tax exempted withdrawal pension plans for future purpose to secure future and min/max amount of investments.

Thanking you,
With regards,
Darshit Pandya.

RAJANNA.K.V. [ 21Jun09]

Dear Sir,

I would like to know to this PFRDA employees of private sector can also invest?

Please explain how it works for future & how much minimum & maximum one can invest?

Rgds,

Rajanna.K.V.

Datta Ram [ 05Sep09]

Dear Sir,

I would like to know to this PFRDA employees of private sector can also invest?

Please explain how it works for future & how much minimum & maximum one can invest?

Rgds,

Datta Ram

PIYUSH [ 13Sep09]

my age is 34 pl send worksheet explaining any 2 pension plans from lic giving pension of around 25000 pm

srinivasreddy [ 03Jan10]

Hi my name is srinivasreddy from bhongir i am 22 years old. I am intrested to become an agent and to take a penssion policy,after 5 years period i should get 10000 for month. please advice me which plan is good for me,please call me 9298759463

Rajesh [ 04Jan10]

Dear Sir/Madam,
I would like to knowabout PFRDA pension scheme and wher I can open an account for the same.
Regards,
Rajesh-9930135687

Hari Om Sharan Kher [ 07Jan10]

Dear Sir,
I want to know that, is it possible to subscribe NPS from more than one Pension Fund Manager, e.g. Reliance/SBI/UTI etc.
Kindly also upload the Form for making subsequent installments in NPS or provide the link for the same.

dheeraj bhargava [ 08Jan10]

Dear Sir,

I would like to know to this PFRDA employees of private sector can also invest?

Please explain how it works for future & how much minimum & maximum one can invest?

Rgds,
dheeraj bhargava

Jan Mohammed Chand Khan [ 21Jan10]

Sir, I want to apply for PFRDA>

Thanks

rao venkata rao [ 14Feb10]

employees cooperative society of central govt employees can participate in the scheme

jagdish [ 01Mar10]

9990590370,

srinivas kumar [ 09Mar10]

can private employes join in it

avinash srivastava [ 14Mar10]

hi
plz tell me that can a state govt employee invest in nps?
considering the fact that gpf deduction is not made from my salary as i have appointed after 2004.

SANDEEP NAYYAR [ 05Apr10]

Hi,
Very much interested to invest in the NPS. But did not get any satisfactory reply from the JAIPUR branch’s like SBI or PNB.
Kindly advise & forward the address from I can Have the APPLICATION FORM.
Thanks !
SANDEEP NAYYAR
JAIPUR 302017.
09649920307

Nelson Rebello [ 03May10]

Sir,

I would like to know the advantgaes & disadvantages or full details of the New Pension Scheme before I invest.

Kindly advice me at your very earliest.

Thanking you

Your Faithfully

Nelson Rebello

Balram Keshkar [ 27May10]

Dear Sir,

I want to get franchise of NPS free of any commission run by PFRDA. Please let me know the procedure. I want to serve the citizen of India without taking any commission.

Mahendran .V [ 02Jun10]

Hi sir / Mam ,

I am Mahendran working in a private sector ,Need some details of NPS and help me in opening account in chennai . I tried some of the banks and post office very near by , But they say’s no such scheme Kindly let me know contact details & Number in my city : Chennai Or sent me the details to my mail id : jai_mah@yohoo.com Or reach me at : 9500176491.

Expecting your Answer ASAP

Regards

Mahendran.V

amit [ 18Jun10]

Please let me know about the NPS is a good scheme for Future? Do we get tax benefit while investing and withdrawals would be Tax Exempted or Not ?

As per your analysis, what hardened earn money (INR) to invest in this scheme to secure future of self & family?

Also suggest some best tax exempted withdrawal pension plans for future purpose to secure future and min/max amount of investments.

subhajit chakraborty [ 20Jun10]

I want to know about the NPS schemes available in details, i.e., how much is minimum investment amount who all are covered (i.e., what age group) what are the agents commission rates if anyone is a corporate agent of BAJAJ CAPITAL for it?

Roopa [ 23Jun10]

Hello,

I would like to open a PFRDA account. Please provide me the details of the same.

regards,
roopa

johny sofat [ 02Jul10]

dear sir,

Please explain how pfrda works for future & how much minimum & maximum one can invest. Please send the application form and where I can open an account for the same.

Johny Sofat

pk adak [ 04Jul10]

let me know about NPS

S. N. Nema [ 07Jul10]

Please explain how pfrda works for future & how much minimum & maximum one can invest. Please send the application form and where I can open an account for the same.

S. N. Nema

sandhya rani jena [ 12Jul10]

Iwant to join NPS scheme.kindly give details and send an application form.plz let meknow where i can open the account.

Sandesh S Bairagi [ 20Jul10]

Good scheme

compare with HDFC pension plan &new pension plan [ 12Aug10]

compare NPS to private pension scheme

sharad [ 12Aug10]

Please explain how pfrda works for future & how much minimum & maximum one can invest. Please send the application form and where I can open an account for the same.

alfred [ 19Aug10]

Please tell me how do we keep track of our investments in this scheme.How do we monitor how our investments are performing.
Is it based on units?

raju ghosh [ 03Sep10]

I lived in Durgapur713210(wb)iwant to know here I deposite the money nad get the receipt.
thanking you,
raju ghosh

Shefali Soni [ 22Oct10]

Pls. Tell me Minimum Rs. For Investment &

Howmany Returns & when??????????

sanjay [ 28Oct10]

Dear Sir/Madam
My name is sanjay and i am form bellary (karnataka). We are POP-SP that is we can register your name in the NPS
for more details please cantact on 09980908546

deepak [ 29Nov10]

sir,
what is the procedure to claim for pension in new pension scheme( contributory penson scheme). I have PRAN .I was cg state govt employee.
THANK YOU.

Sumant [ 03Feb11]

Sir ,
I want to apply for NPS scheme. Kindly provide details information about this scheme

ritesh JOSHI [ 16Feb11]

SIR,
I want to know that what would happen is a person will get expire before completing its 60 years?Did the scheme continued or the money will be given to the nominee.

Samerh [ 11Mar11]

I think this NPS is not benificial to gov employee. What about the 40% amoumt after death of investor? Already the gov employee is getting lesser salary than that of prvt employee, why will genius people be attracted towards the gov job if there is no pension and PF?

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