Retirement Planning Questions

Atal Pension Yojanaor APY, a pension scheme for Indians in the unorganized sector. According to this scheme there is a

An employment-based Pension plan is retirement insurance plans or annuity plans where the employee allocates a portion of the current

Yes. All Indian residents in the age group of 18-60 years can invest in the NPS. The scheme is mandatory

The NPS is portable. Subscribers can keep the same PRAN regardless of whether they move residence or location. The same

Yes. NPS sends a physical annual statement with details of unit holdings via the CRA within 3 months of the

The pension fund manager invests your savings in a scheme chosen by you. Investment allocations directly impact the growth of

No. The Government will not contribute to your NPS account. However, if you have opted for the Swavalamban scheme, government

A grievance about your NPS account can be registered via the Call Center or IVRS at a toll free phone

Yes. If you exit NPS before 60 years, you must invest at least 80% of the pension wealth to buy

Yes. Life Insurance Corporation (LIC) is the default annuity service provider. The default annuity scheme offers annuity for life with

Your monthly pension or annuity income depends on the size of your retirement corpus. Naturally, the bigger the corpus, the

Annuity service providers offer a variety of generic annuities and their variants of combinations thereof. The annuity options for monthly

NPS Annuity service providers licensed by the IRDA(Insurance Regulatory and Development Authority) and empaneled by the PFRDA to offer annuity

Your withdrawal claim will be processed normally, after deducting a penalty for unfreezing the account. You may seek to reactivate

Once you register with the NPS, you receive a PRAN – Permanent Retirement Account Numberalong with a PRAN Kit containing

To withdraw from NPS, you must submit the following documents with your withdrawal forms to seek claim settlement. • Original

Subscribers can withdraw a maximum of three times during the tenure of their NPS subscription.At least 5 years must have

Yes,subscribers can make partial withdrawals of up to 25% under NPS provided they have held the account for at least