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New Pension Scheme India 2009 PFRDA Notifications pension plans

posted by chandramoulesh G K on 5/02/2009 12:01:00 PM |                      >> 0 Comments

New Pension Scheme India
New Pension Scheme All Citizens of India

The Pension Fund Regulatory and Development Authority (PFRDA) on Friday (May 1) introduced the New Pension Scheme (NPS) for all citizens of the country. Any citizen between the age of 18 and 55 can join the NPS. Tier-I of NPS constituting non-withdrawable pension account becomes operational from today and Tier-II (withdrawable account) of the NPS account will become operational in about six months.

A minimum annual contribution of Rs 6,000 in each subscriber account has been set by the PFRDA. The subscriber will have to have a minimum of four transactions of Rs 500 each in a year.

New Pension Scheme India


New Pension Scheme

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