PFRDA Revealed 13.16 Lakh Subscribers Registered Under NPS

Pension Fund Regulatory Development Authority (PFRDA) revealed that as on March 6, more than 13.16 lakh subscribers are registered under the National Pension System (NPS) from the private sector (all citizen and corporate).

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PFRDA Revealed 13.16 Lakh Subscribers Registered Under NPS

Pension Fund Regulatory Development Authority (PFRDA) revealed that as on March 6, more than 13.16 lakh subscribers are registered under the National Pension System (NPS) from the private sector (all citizen and corporate).

Also Read: PFRDA Relaxed Norms For Partial Withdrawal Under Pension Scheme

The committee, in a conference held in Mumbai on Friday, in association with FICCI, stated that 6.83 lakh employees of more than 4,365 registered corporates joined the NPS’ Corporate Model, while more than 6.3 lakh subscribers joined the All Citizen Model.

The overall number of NPS and Atal Pension Yojana (APY) subscribers, the PFRDA said, have crossed 2.05 crore with overall asset under management (AUM) of more than 2.25 lakh crore. The committee aims to significantly scale-up these segments during the ongoing months.

Also Read: National Pension Scheme Details, Procedure To Apply For Scheme

In the changing demographic status of the country, the pension is one of the most important factors to be considered by everyone. The National Pension Scheme promoted by the government provides the platform to every segment of the society for savings for retirement.

Participants should think of the National Pension Scheme not only for tax benefits but also as a product which can yield market related returns and secure regular income in the old age, said Executive Director of PFRDA, while addressing the gathering.

Also Read: Retirement Pension Plan, Government Welfare Schemes SCSS, PMVVY

More than 220 participants from around 140 corporates attended the workshop, along with Mumbai based, pension funds and central recordkeeping agency. PFRDA officials clarified queries regarding joining of NPS, tax benefits, details, timelines, transfer of superannuation fund to NPS, annuity and so on.

Source Link- https://www.aninews.in/.

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