Now, NPS investors have more flexibility in choosing fund managers. Know about the top equity fund managers of the National Pension System (NPS)

LIC’s ‘Jeevan Utsav’ scheme is a guaranteed income plan for life, and anyone aged 90 days to 65 years is eligible for the policy.

The government also offers service, family, and liberalised family pensions, besides the monthly disability assistance for the welfare of retired armed personnel.

There is no maximum contribution limit in NPS Tier 1 and Tier 2 accounts; however, contributions to Tier 1 accounts get up to Rs 2 lakh deductions under the Income Tax Act.

Investors can choose them based on their investing horizon, needs and risk-taking ability.

The Pension Fund Regulatory and Development Authority (PFRDA) has appointed PoPs to help people in the NPS registration process and receive NPS contributions from them.

A donor makes a deed of gift to a donee under certain conditions, but any violation of the agreement could lead to its withdrawal or cancellation.

As of September 2022, there were around 32 lakh defence pensioners in the country, of which over half were expected to be brought under the SPARSH system in the same year.

While choosing these instruments, seniors should match their lock-in needs, liquidity, return expectation and risk appetite in sync with their financial goals.

PFRDA has advised the intermediaries adopting cloud services to comply with its guidelines.

All pensioners must submit their life certificates by November 30 every year to continue receiving pensions

Term insurance offers life coverage for a defined period and is the simplest form of life insurance

Four banks have revised their interest rates for fixed deposits (FDs) in the week ending November 25, 2023. Senior citizens can avail of up to 8.60 per cent. Learn more

Retirement is the next big phase of your life; as such, you will need to plan carefully to ensure regular cash flow and a corpus that can outlast you

Unlike land, a house or a building, which can’t be sold at short notice, real estate mutual funds are highly liquid, as you can redeem your investment in a day

Executing a retirement plan requires consistent action and a positive financial behaviour

Interested employees can apply for VRS only after completing a certain number of years at work

The National Pension System (NPS) is a social security scheme for people aged 18-70

The number of women working towards retirement planning dropped by 11 per cent to 57 per cent in 2023 compared to 2022, at 68 per cent

Senior Citizens Savings Scheme (SCSS) provides guaranteed returns to individuals aged 60 and above. The scheme currently offers 8.2 per cent interest.

IDFC First Bank Executive Director and COO Madhivanan Balakrishnan highlights the impact of digital enhancement in customer services, financial literacy, and awareness about retirement planning

A loan against property (LAP) is a secured, collateral-based mortgage that senior citizens can use to meet their needs

India’s aging population will grow to around 19.5 per cent by 2050

When an individual dies without a Will, the succession laws apply to transfer the deceased person’s assets to the legal heirs.

Senior citizens looking for guaranteed returns from fixed deposits can explore these bank rates compiled by Paisabazaar.com.

Employees’ State Insurance Corporation (ESIC) added 18.88 lakh members under its ESI scheme in September 2023, a social security scheme for low-income employees

The Employees' Provident Fund Organisation (EPFO) determines the interest rate annually; for FY2022-23, the EPF rate is 8.15 per cent. Learn how to check EPF balance on a mobile phone

The candidates’ age must not exceed 65 and must be thorough with office procedures, rules, and regulations; their remuneration will be the last pay drawn minus pension

Public Provident Fund (PPF) is a voluntary long-term small savings scheme that provides attractive interest rates and tax benefits. Learn more

A senior citizen may face mobility issues when visiting a bank branch as age advances, so SBI offers doorstep banking services. Learn more about the benefits

The government has allowed the extension of the Senior Citizen Savings Scheme (SCSS) indefinitely and enabled people to invest in the scheme three months before retirement

A critical illness plan is vital in old age as it can help prevent a financial crisis by covering your important medical bills in case a serious disease happens to infect you

Most Indians do retirement planning themselves, but if they want professional help, they can approach insurance agents, banks, mutual fund distributors, etc., for financial advice.

A new rage for multi-occasion jewellery has opened many gifting options for every age and style.

Although there is anxiety over their financial well-being in old age, there is a growing awareness among Indians of the importance of retirement planning.

Dhanteras is considered an auspicious occasion to buy gold. However, you should check a few things before buying gold at a jewellery store.

Sixty-seven per cent of respondents in a survey said they have a retirement plan in place, and 63 per cent said they have a comprehensive plan.

The spouses can deposit a maximum of Rs. 15 lakh each, provided both are individually eligible to invest under relevant provisions of the SCSS rules.

One can apply for old age pension assistance by visiting the state government’s official websites.

HDFC Bank Senior Care fixed deposit scheme was launched on May 18, 2020.

The focus on retirement planning has gained momentum post the Covid-19 pandemic, seeing an 18 per cent increase in the number of people planning for retirement, a PGIM survey revealed.

Punjab National Bank, Karnataka Bank, and Jana Small Finance Bank are among seven banks which have revised their fixed deposit rates in the week ending November 4, 2023. Learn More

Although jewellery, coins, and gold bars are the oldest methods to invest in gold, the contemporary world offers many avenues for gold investing, such as ETF, digital gold, etc.

The new pension plan may replicate the Andhra Pradesh model, where the employees get guaranteed 40-50 per cent of their last drawn basic salary as a pension.

The senior citizen certificate provides a host of benefits to senior citizens. Here’s how to apply for one

While it may not suit everyone, it definitely provides a roadmap for those who dream of retiring early and pursuing their passions without financial constraints.

Terrace gardening is an excellent way for senior citizens to enjoy nature and create a tranquil space at home at a minimal cost. Here’s how to get started with your new green hobby

The Finance Ministry had declared a 4 per cent hike in dearness relief (DR) from 42 per cent to 46 per cent for the central government pensioners, effective July 1, 2023.

Penny drop is an account verification method that involves depositing a small amount in a subscriber’s bank account for authentication before crediting funds to the beneficiary.

Kotak Mahindra Bank and Shivalik Small Finance Bank revised their fixed deposit rates in the week ending October 28, 2023. 

The government will evaluate the officer’s work, efficiency, abilities, and behavioural aspects, and based on that information, it will make a final decision.

Senior citizens might be more vulnerable to online fraud due to various factors, including age, trusting nature, less tech-savvy, or lack of prompt help from family members. 

The Reserve Bank of India (RBI) has increased the banks’ minimum limit for non-callable fixed deposits (FDs) from Rs 15 lakh to Rs 1 crore with immediate effect. 

With the rise in life expectancy, everyone must plan for retirement as soon as possible.

The Employees’ Provident Fund Organisation (EPFO) will hold key meetings of its executive committee and Central Board of Trustees on October 27 and October 31, 2023, respectively. 

To achieve financial success, you must confront your financial demons. Just as Dusshera embodies the resolve to defeat evil, you can conquer financial challenges with determination.

The Reserve Bank of India (RBI) says the responsibility to provide correct inputs, particularly the beneficiary account number information, rests with the remitter/originator. 

The Armed Forces Tribunal has refused to grant disability pension to a former sergeant of the Indian Air Force who was discharged from service following a released medical board which found him overweight by 47.61 per cent against his BMI weight of 63 kg

While the Reserve Bank of India has kept the repo rate unchanged, banks have revised their deposit rates since the last monetary policy meeting this month. For the week ending October 21, five banks have revised rates. Here’s how much they will offer on their FDs

Protesting ASHA workers in Haryana get big relief as the government announced a Rs 2 lakh retirement benefit and increased their monthly stipend.

The Central government revises the Dearness Allowance (DA) for its employees in January and July every year to mitigate the impact of inflation.

The Kerala High Court has ruled in favour of an 80-year-old woman who sought to be reunited with her dementia-afflicted husband, who was taken away against her wish by her son for care.

India has improved its overall score to 45.9 in the Mercer CFA Institute Global Pension Index, 2023. However, it has ranked 45th out of the 47 retirement systems surveyed globally

The Senior Citizens Savings Scheme has crossed Rs 1 lakh crore in collection in the first half of financial year 2023-24. The huge number suggests the support of the people for the scheme, which is currently offering a return of 8.2 per cent per annum

The government is reportedly considering amending the National Pension System by the end of the year to ensure that employees get at least 40-45 per cent of their last drawn salary as retirement payout

The Ministry of Science and Technology has sent notes to 14 government-run autonomous bodies seeking details of scientists nearing retirement.

Now, all retiring employees will be felicitated on their last working day where the bulk of their retirement dues will be handed over to them

Employees’ Deposit-Linked Insurance Scheme (EDLI) is a social security plan for employees enrolled under the Employees’ Provident Fund Organisation (EPFO). Learn more

Employees’ Provident Fund (EPF) is one of the popular long-term investment instruments to generate wealth for retirement. Here are some key features.

Senior citizens can earn up to 9.50 per cent interest rate on bank fixed deposits (FDs) after the rate revision this week. Learn more. 

Delaying your retirement could be an option if you do not have a solid financial plan for old age.

In the National Pension System (NPS), you can choose a Pension Fund Manager (PFM) from multiple options, each with its own approach to managing pension funds.

The labour force participation rate for individuals aged 15 and above in urban areas rose to 48.8 per cent in April-June 2023 from 47.5 per cent a year ago.

The Delhi government has launched the ‘Dharohar’ mobile app to offer convenience to pensioners under the social welfare department schemes of the state government

Although the Public Provident Fund (PPF) can be operated online, some people may want to transfer their accounts to the city or town where they presently live. Here’s what they can do.

UNFPA estimates India’s ageing population will reach 22.7 crore or 14.9 per cent of the total populace by 2036, underscoring the urgency to ensure access to social security benefits.

Ahead of RBI’s decision on repo rates on Friday, seven banks have revised their interest rates on fixed deposits (FD). Know more

RBI’s UDGAM portal allows customers to check their unclaimed deposits with banks; it has enrolled 30 banks from the initial seven during its launch in August 2023

SBI has launched its mobile handheld device to provide doorstep banking facility to its financial inclusive customers, including senior citizens, differently-abled and the infirm. It will provide five core banking services, including cash withdrawal and deposit, fund transfer, balance inquiry and mini statement generation

Tata AIG General Insurance Co. Ltd., on October 4, 2023, launched a health insurance policy for senior citizens, Tata AIG Elder Care. The policy is for people aged 61 years and above. 

The new rules reportedly expand the list of covered disabilities and diseases, modify the assessment procedure, and fix the percentage of disability.

Retirement is one of the most important but often-ignored goals. It’s high time you realise that and start planning. Outlook Money and IDFC First Bank will help you do so at their two-day expo in Mumbai

DCB Bank has revised the fixed deposit interest rates ahead of the government’s quarterly review of the rates for small saving schemes.

NPS is a social security scheme launched by the government in 2004, but its penetration is still very low. The study tried to find out the reasons behind NPS’ low penetration.

Retirement connotes a relaxed life with pursuing hobbies, travelling, and much more. But if there are not enough savings, these endeavours would remain unfulfilled. This is where a passive income can be a saviour

The fund’s five-year lock-in would encourage investors to remain invested for a long period and reap the compounding benefit.

Seniors will account for 19.5 per cent of India’s population, or around 194 million by 2050, providing immense opportunities for growth in senior specific services, while also posing challenges on account of living issues as a result of loneliness and rising instances of nuclear families

Super senior citizens can submit their life certificates from October 1, 2023. The government has issued guidelines for banks to follow. Learn more

The PFRDA recently announced introducing the NPS Tier II default scheme option for government employees. It is an effort to make investment in NPS Tier II easy without separately selecting the fund managers for managing their money.

Are issues like job stagnation, health problems, stress, and domestic reasons driving some people to opt for voluntary retirement?

Ahead of RBI's Monetary Policy Committee (MPC) meeting from October 4-6, 2023, these two private-sector banks have revised the interest rates on FDs. Check details

A reverse mortgage is a loan, typically obtained by cash-strapped older homeowners, based on the property’s current assumed market value, which they receive in instalments.

There are several benefits that central government employees receive after retirement; learn more. 

The Employees’ Provident Fund (EPF) is a social security scheme for salaried employees. However, they can withdraw from the corpus prematurely in certain circumstances.    

Eighty-five per cent of people have cited financial insecurities as the reason for their plans to continue working after retirement, an HSBS survey conducted in several countries revealed.

The Reserve Bank of India has advised states against reverting to the Old Pension Scheme, as it will impose a financial burden 4.5 times higher than that on the existing National Pension System

The Finance Ministry has barred the Employees’ Provident Fund Organisation (EPFO) from announcing interest rates without prior approval.

Retirement planning starts while one is still working. To make the process easy and gain more insights into your financial condition, ask these questions to your family to make the planning more holistic

Axis Bank and Kotak Mahindra Bank have revised the deposit rates in the week ending September 16, 2023. Seniors can avail of up to 7.75 per cent on fixed deposits with these banks

Olympic bronze medallist Saina Nehwal is suffering from knee injuries and other health problems, but has not yet planned to quit badminton

Whether you retire early or at the usual age of 60, but if you still want to keep yourself engaged and earn fruitfully, here are a few career options you might consider for your second work innings

When many people think of retiring in their 40s or 50s, film actor Kareena Kapoor plans to work until her 90s. Here are three things to learn from her retirement planning

Fresh enrolments in the NPS-Lite Swavalamban scheme, a social security initiative for the unorganized sector, stopped in 2015. Know the available options if you are a subscriber

The Bombay High Court has upheld a lower court’s decision to revoke two gift deeds executed by a woman after her son refused maintenance

Retirement planning is not only about saving money for old age but also about how to use it. So keep your expenses in check and cut down wherever possible

Private sector banks ICICI, Axis, and IDFC have revised their fixed deposit rates for bulk deposits this week. Read on to know details

Most seniors might prefer cash transactions over digital ones, possibly due to their unfamiliarity with new-age techs, so UPI ATMs could make their lives easier

A credit card company may refuse to close your account even if you owe it just 35 paise, as highlighted in a 2019 case in Bengaluru.

Senior citizens are risk-averse and, therefore, prefer investments that can provide guaranteed income options and returns. Here’s a list of small savings instruments they could choose from for getting guaranteed income in their retirement years

CSB Bank’s special savings bank account for senior citizens offers various benefits, such as locker rental, airport lounge services, RuPay debit cards, etc. Learn More

India’s financial stability is making NRIs want to return to the country, reveals a recent survey by SBNRI

As UPI transactions crossed 10 billion in August, here are some tips senior citizens can use if they mistakenly send money to the wrong person

Senior citizens looking for guaranteed returns can check out these small saving banks offering more than 9.0 per cent interest rates for fixed deposits

The Employees’ Provident Fund Organisation (EPFO) has amended the Standard Operating Procedure (SOP) related to updating members’ details in Employees Provident Fund (EPF) accounts

The Rajasthan government has approved a draft regulation, “Rajasthan Part-Time Contractual Hiring Rules-2023”, to provide retirement benefits to part-time workers in the administration

Senior citizens are prone to cyber fraud in the digital world because of their lack of knowledge of digital products. Here are a few ways to be aware and stay vigilant

With more women joining the workforce, independently making financial decisions, and becoming more financially aware than before, they are now increasingly saving for their retirement, too

The study reveals that women are at par with men in urban India in retirement preparedness while 9 in 10 urban Indians regret not starting saving early for retirement.

The Employees’ Provident Fund Organization (EPFO) has added 17.9 lakh members in June. Explore the EPF benefits and how they can secure the subscribers financial future

Uttar Pradesh police have launched the ‘Savera Yojana’ to assist senior citizens during emergencies, keep records and undertake regular checks

According to the 2011 census, the number of people aged 60 and above in India is expected to reach 178.59 million by 2031 and 300.96 million by 2051

The first year of retirement could be the most difficult phase as you adapt to a new routine with more spare time, but this could be fun if you handle it well

Rashtriya Vayoshri Yojana provides assisted living devices, such as spectacles, hearing aids, walking sticks, artificial dentures, etc., to eligible seniors for free if they cannot afford in their retirement years

The State Bank of India (SBI) has extended the deadline for its ‘Amrit Kalash’ fixed deposits (FDs) again, while Axis Bank’s rate revisions continue with another FD rate hike in a month

As online frauds increase with digitalisation in every sphere of life, it calls for higher levels of alertness among seniors more prone to such attacks

A Reserve Bank of India (RBI) survey has found that expectations of high inflation are the highest among senior seniors

Government employees have called for a mega rally at Delhi’s Ramlila Maidan to revive the old pension scheme (OPS). Learn how the National Pension System (NPS) is different from OPS

Manoj Tiwary changed his mind about retiring from all forms of cricket less than a week after he announced that decision. Here’s what you should do if you are in a dilemma over when to quit

The Suryodaya small finance bank revised its fixed deposit interest rates on certain durations for senior citizens to more than 9 per cent from August 7, 2023

A magistrate court in Mumbai has sentenced nine senior citizens to three years of imprisonment for committing bank fraud of Rs 13.5 crore

If you missed your ITR deadline on July 31, 2023, or the process failed due to incomplete paperwork or portal failure, you can still file a belated one and avoid legal action

The Reserve Bank of India kept a pause on the rate hike in the last two monetary policy meetings, but the banks have been changing their deposit rates from time to time. Here are a few of the rates still active till the end of August 2023

You may have faced situations where a bank employee approaches you to sell insurance products, but beware, that exchange may lead you to a trap, and you end up buying a policy you don’t need.

Amid growing cases of online fraud in India, your digital security is of paramount importance. Make sure you know the safeguards while doing digital transactions

The Pension Fund Regulatory and Development Authority (PFRDA) announced that subscribers could select their annuity service providers upon exit from the National Pension System (NPS)

Axis Bank has revised its fixed deposit rates effective July 26, 2023. The maximum rate of interest offered to senior citizens is 7.85 per cent

The National Pension System (NPS) trust has revamped its website, making it easy for subscribers to calculate their monthly pension amount with the calculator

Retirement planning is important for a peaceful life in the older years. Make sure you are not making these critical mistakes while planning for your retirement

It aims to reduce the application processing time and the number of PoPs, among other suggestions, to ensure an effective distribution channel for NPS and other schemes under the PFRDA Act, 2013.

One has to forgo various tax deductions if opting for the new tax regime, such as interest on a home loan under ‘Income from House Property’. However, there are still a few deductions that you can claim. Here’s a list of those deductions

Seniors can get up to a 7.90 per cent interest rate for a 444-day fixed deposit

The government has revised the pension for Reserve Bank of India employees after four years. The pension was last increased in 2019. The new pension is to be effective from June 2023

RBI launched Central Bank Digital Currency (CBDC) pilot in December 2022, and its retail user base have grown to more than a million. Read on to know more about what CBDC is, and how it works

The last date to apply for higher pension under the Employees’ Pension Scheme has reached the final deadline today, July 11, 2023

The HDFC Bank has extended the deadline to apply for Senior Citizen Care Fixed Deposit, which offers the highest interest rate at 7.75 per cent, by four months

The Employee's Provident Fund is a social security scheme for the organised sector employees.

HDFC Bank is offering 75 basis higher rate of interest to seniors on their fixed deposit. The deadline to apply for this FD is July 7, 2023

Financial security is crucial for seniors while considering investments, and fixed deposits offer the investment security that seniors look for

The HDFC and HDFC Bank merger has become effective from July 1, 2023. What could you expect after the merger? We tell you

Old age could pose a challenge in frequently visiting a bank for your needs, like submitting a life certificate, so the face authentication app can be handy

The Reserve Bank of India’s (RBI) financial literacy survey published in June shows that retired persons are the most financially literate, bagging the highest score of 13.5 out of 19

These small finance banks offer 9 per cent or higher interest rates on fixed deposits for senior citizens. Read on to learn more

While the deadline to apply for higher pensions for the employee provident fund members is today, June 26, 2023, the EPFO has also issued a new set of frequently asked questions (FAQs).

Seniors may have issues related to age, health, or loneliness. But they could refer to these six Bollywood movies to get a few lessons on money matters related to financial independence, insurance, Will and debt

For retirement planning, one may also take the help of financial advisors in matters like expenses or how to maintain a regular cash flow once there is no steady income

The State Bank of India (SBI) offers higher interest rates to senior citizens under its special fixed deposit schemes SBI WeCare and Amrit Kalash. Know details

NPS subscribers can now access their NPS statement on DigiLocker, a government-run safe storage facility with round-the-clock access

Cheque bounce is a serious offence, and here’s how to avoid it

Around 67 per cent of Gen Xers in the US do not have a retirement strategy. Nearly half of all the working Gen Xers plan to delay their retirement

RBI has yet again kept the repo rate unchanged at 6.50 per cent, stressing that despite softening in the inflation, it will likely remain above its target through FY23-24

The RBI committee evaluated the regulated banks and NBFCs’ customer services, best practices followed, and customer needs before offering specific suggestions to improve the public services

If you are looking for a loan against a property that you have built over a lifetime for your children or for other things in your retirement years, here are things you should keep in mind

If you plan to gift your inherited gold jewellery or sell it for some cash flow in your retirement years, then here are the taxation aspect and the capital gains tax provisions you need to be aware of

Banks are required to transfer unclaimed deposits to the Depositor and Education Awareness Fund with the RBI along with interest on the last working day of every subsequent month from the expiry of 10 years of the deposit

Fixed deposit schemes have become one of the senior citizens’ most sought-after investment tools, thanks to small finance banks that are offering over 9 per cent interest rates

The Reserve Bank of India (RBI), on May 19, 2023, announced the withdrawal of Rs. 2,000 currency notes, but they will continue to be legal tender.

Anybody earning more than the exempted income tax is required to pay tax and file their income tax return. But, senior citizens, under certain conditions, may ask for an exemption from filing their tax returns

Pension Adalat is an initiative by the Department of Pension and Pensioners’ Welfare that was initiated in 2017 to resolve pension-related issues promptly and promote pensioners’ welfare.

As you grow old, taking a loan or availing of new credit can become more challenging due to the uncertainties regarding your income, cash flow, financial soundness, and life expectancy. Several factors should be kept in mind when borrowing after your retirement

While the money received from the pension fund can support you through the retirement period, it is advisable to have a regular monthly income from your investment. 

The next big challenge after wealth creation is the appropriate distribution of it so that your efforts create more prosperity for the generation. An effective and properly thought-out Will does it. 

Retirement homes are yet to see wide acceptance as a way of living in India, where older people typically prefer living with their children.

EPFO said any delay in public grievance redressal amounts to bringing disrepute to the organisation, which is at the heart of India’s social security system.

The Pension Fund Regulatory and Development Authority (PFRDA) has released the data for Atal Pension Yojana on completion of eight years of the scheme. The subscriber base now stands at over 52.54 million and the assets under management (AUM) over Rs. 28,434 crore

EPFO issues guidelines for transferring provident fund contributions into the employees' pension scheme (EPS). Members will have three months to confirm EPFO through written consent.

The Pension Fund Regulatory and Development Authority has appointed an ombudsman to resolve grievances raised by National Pension System subscribers, intermediaries, nodal offices and/or pension funds. The move is expected to enhance investor protection and build investor confidence in the pension sector.

To correctly estimate your retirement amount is undoubtedly the most important question that you will have to grapple with before you start planning for your retirement.

Employees’ Pension Scheme or EPS 95 refers to a social security scheme launched by the provident fund body in 1995

Retirement homes offer housing as well as solutions for age-related issues to senior citizens, although awareness of these homes is scant among the public.

Having a regular source of income in your retirement years is vital. Senior citizens’ savings scheme, post office monthly income scheme, and mutual fund systematic withdrawal plans are three such options that can fetch you regular income in your retired life. Here are the details

In order to make annuity payments faster after exiting the National Pension System, the Pension Fund Regulatory and Development Authority has mandated the uploading of specific documents for subscribers. Read on to find more

Labour minister Bhupendra Yadav has said that the process, for submission of joint options by the employee and employer, for higher pension, is simple.

HDFC Life Smart Pension Plus offers guaranteed regular income with various return and payment options for individual and joint policies

The non-linked, non-participating individual pension plan is available in 16, 18 and 20-year terms with options of regular and single premium

The Employees’ Provident Fund Organisation has extended the previous deadline of March 3, 2023 to submit applications for higher pension for employees who have retired before September 1, 2014, to May 3, 2023, in a recent circular

Many non-BJP-ruled states have already dumped the new pension scheme (NPS) and have demanded that the central government refund the accrued NPS corpus

Around 66 per cent of respondents are worried about inflation and critical illness impacting their retirement savings and, consequently, their lifestyle

If the legal heir claims proceeds as per Hindu law, the legal heir will have to submit a legal heirship/succession certificate from the court, which will determine the split in proceeds

The Centre has extended a one-time opportunity to select government employees to switch from the new pension scheme to the old pension scheme. But once opted, they cannot reverse to NPS again

NPS Prosperity Planner helps calculate your NPS contributions to meet your retirement financial goals after accounting for inflation. Individuals without NPS accounts can also use the tool for retirement planning

The Central Record-Keeping Agencies (CRAs) will offer multiple models of interface and new processes for the allied offices to ensure maximum operational flexibility for the benefit of subscribers.

The Centre is reportedly considering the option to offer a guaranteed pension of around 50 per cent of the last pay drawn to government employees under the National Pension System

PFRDA has advised Points of Presence (PoPs) to use the emerging technology for enhanced due diligence and error free, timely processing of claims.

Here’s two major changes for National Pension System (NPS) Which Are Expected In 2023

Pension Fund regulatory ties up with CAMS to launch new central record keeping agency under National Pension Scheme

Pension fund regulator releases data for National Pension Scheme and Atal Pension Yojana for May 2022. NPS subscriber base up to 531.73 lakh, assets under management up to Rs. 7,38,314 crore

The platform will allow customers to create their NPS account via mobile, in an easy and hassle-free manner

IRDAI has relaxed the norms for submitting of separate proposal forms for buying annuity products from the proceeds of the National Pension System, thereby making the process more user-friendly and less time consuming

The Pension Fund Regulatory Development Authority has enabled new account registration and online address updation in the National Pension System by fetching data from your driving licence stored in DigiLocker

The Pension Fund Regulatory and Development Authority (PFRDA) has said that NPS subscribers can continue with their existing investment pattern or PF choice for shifting to the all-citizen sector.

The Pension Fund Regulatory Development Authority has made some changes with relation to investment in the National Pension System. Here are a list of the changes as they stand on November 1, 2022

Pension Fund Regulatory and Development Authority has now provided another online option for prospective subscribers to open their NPS accounts

If you are 60 years or older and have an account under the National Pension System (NPS), you can withdraw the accumulated funds in a lump sum or annuity.

Government to launch its first minimum assured return scheme under the national pension system (NPS) for non-government employees.

Government sector subscribers will not be allowed to partially withdraw from their NPS account through self-declaration. They will have to mandatorily make such partial withdrawal requests through their associated nodal offices, according to a circular by the Pension Fund Regulatory Development Authority

More people are now aware of the reality that they need to start saving early for their retirement. About 59 per cent people think they would run out of their money before their retirement kicks in

The 44 global pension systems included in the joint survey of the CFA Institute, the Monash Centre for Financial Studies (MCFS), and Mercer, accounted for 65 per cent of the world’s population.

After Supreme Court extended the deadline to apply for higher pensions under the Employees’ Pension Scheme, the Employees’ Provident Fund Organisation (EPFO) has outlined the application procedures for the same. Read on to know more

PFRDA comes out with additional services for subscribers under T+2 timeline frame. Now, subscribers can reinvest returned and unsuccessful transaction amount into same PRAN

The Atal Pension Yojana has crossed 50 million enrolments since its inception in 2015. In 2022 alone, more than 12.5 million subscribers enrolled for the scheme, up from 9.2 million in 2021

Has seven options to choose from, including additional payout, five lump sum payment for better healthcare and lifestyle requirement in retirement years

SBI has increased the interest rates on domestic term deposits; seniors stand to benefit the most, due to a scheme and premium offered by the bank. Read on to know more:

Fixed deposits are highly sought after by senior citizens as they offer the chance to receive regular cash flow with minimal risks involved.

The government has increased the interest rates for Senior Citizen Savings Scheme (SCSS) from 7.6 per cent to 8 per cent for the last quarter of FY2022-23; it was last revised in the October-December period after staying at 7.4 per cent for nine-successive quarters.

The budget announcement comes after the government in January increased the interest rates for SCSS deposits from 7.6 per cent to 8 per cent.

The ideal strategy to build your retirement corpus would be to invest in a mix of debt and equity instruments. Here are a few equity and debt options you can choose from to build your retirement corpus

The Reserve Bank of India has made it mandatory that a number of basic banking services should be made available to you at home if you are older than 70 years of age. Read on to know more

Here are some tax incentives and benefits available for senior citizens.

Here's the ultimate guide to learning some handy tips on how to choose the right health insurance for senior citizens.

Planning for your retirement is easier said than done. But before you start with the planning process, here’s how you can start with the basic groundwork to arrive at the planning stage