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How Is New ‘Unified Pension Scheme’ Different From NPS? Key Differences Explained | Economy News

New Delhi: The central government introduced the Unified Pension Scheme (UPS) which is designed to offer better retirement security for government employees. Information and Broadcasting Minister Ashwini Vaishnaw announced that under this new scheme employees will receive an “Assured Pension” equal to 50 per cent of their average basic pay from the last 12 months […]
ABHISEK RAJPUT
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NPS Partial Withdrawals: Is It Possible To Draw Part Money Before Retiring? Check Conditions, Tax Benefits | Personal Finance News

New Delhi: The Indian government introduced the National Pension System (NPS), a pension cum investment plan to give people security for their old age. The Pension Fund Regulatory and Development Authority (PFRDA) oversees the scheme. After turning sixty years old, the NPS members start receiving their pension. Nevertheless, before turning 60 or upon attaining superannuation, […]
ABHISEK RAJPUT
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Budget 2024: Govt To Launch NPS Vatshalya For Minors To Provide Pension Contribution By Parents, Guardians | Personal Finance News

New Delhi: Finance Minister Nirmala Sitharaman on Tuesday said that the government will launch ‘NPS Vatshalya’ for providing pension contribution by parents and guardians. Announcing Budget 2024 in Parliament, FM said, “NPS-Vatsalya, a plan for contribution by parents and guardians for minors will be started. On attaining the age of majority, the plan can be […]
ABHISEK RAJPUT
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