Investment Valuation in India

1. Where can you open your NPS account? You can open a NPS account at any of the designated banks, post offices or brokerage houses. 2. Is there an initial fees? A one time fee of Rs 40 is charged 3. What are the documentation requirements? Carry your PAN card, Address proof, bank details and 3 photographs 4. What happens after opening an account number? You will be alloted a Permanent Retirement Account Number (PRAN). This is a unique identification number given to your NPS Account. You have to pay a one time registration fee of Rs 50 followed by Annual Maintenance Fees of Rs 350. 5. What are the types of Accounts? There are 2 types of Accounts Tier I and Tier II. 6. Tier I Account Tier I account is a pension account and you cannot withdraw money from this account before you turn 60. After 60, you have to stop contributing and start withdrawing from it. 7. How do you withdraw the money from your Tier I Account? You can withdraw 60% of the corpus as a lump sum or in ...

New Pension Scheme FAQs What is the New Pension Scheme (NPS)? New Pension scheme is a retirement planning instrument and a system of fund management like the Employees Provided Fund (EPF), Public Provided Fund (PPF). It is based on defined contributions It is voluntary for private sector employees but mandatory for new recruits to the Central Government Service (Except armed forces). Who is it for? It is applicable for salaried employee (both public sector and private sector) within the age group of 18 to 55. you need to compulsorily withdraw from the system on or before the attainment the age of 70. Who is the regulator for this scheme? The Pension Fund Regulatory and Development Authority(PFRDA) has been assigned the work of protecting the interest of the people participating in the NPS. It’s a Government regulatory body of India What is PRAN? Permanent Retirement Account Number (PRAN) is like an account number which will help you check your funds online or at the point of presence (...