Who are eligible for NPS scheme?

Any Indian citizen in the age group of 18-60 can open an NPS account. NPS is administered and regulated by the Pension Fund Regulatory Authority of India (PFRDA). The NPS matures at the age of 60 but can be extended until the age of 70.

Which is the best pension scheme in post office?

Atal Pension Yojana (APY), a pension scheme for citizens of India, is focused on the unorganised sector workers. Under the APY, guaranteed minimum pension of Rs. 1,000/- or 2,000/- or 3,000/- or 4,000 or 5,000/- per month will be given at the age of 60 years depending on the contributions by the subscribers.

Which is the best NPS scheme in India?

Best Performing NPS Tier-I Returns 2021 – Scheme E

Who is eligible to open NPS account in India?

All citizens who do not come under any NPS sector and are aged between 18 and 64 years of age can open an NPS account with post office. India Post, the postal system of the country, offers the facility of opening accounts under National Pension System (NPS).

What is the charge for NPS in India Post?

Transactional charges: India Post charges a registration charge of ₹ 200 (excluding taxes) for NPS. Besides the registration charges, India Post also charges contribution charges, and service charges as transactional charges. 9. The transactional charges can be paid in cash or through a cheque or demand draft, according to India Post.

When was the National Pension Scheme ( NPS ) launched?

National Pension Scheme (NPS) – Govt Approved Pension Scheme National Pension Scheme (NPS) is a government-sponsored pension scheme that was launched in the year 2004 By Pension Fund Regulatory and Development Authority of India (PFRDA).

Which is the pension system of India Post?

India Post, the postal system of the country, offers the facility of opening accounts under National Pension System (NPS). NPS is a government-sponsored retirement planning instrument regulated by the Pension Fund Regulatory and Development Authority (PFRDA).