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

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

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.

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.