60% return in 1 year! Is NPS the best option for retirement planning?
NPS has gained a reasonable amount of popularity over the past few years due to high returns generated under the scheme. However, experts believe returns should not be the sole reason to invest in NPS
Unlike mutual funds, NPS does not provide a lot of flexibility to investors in terms of investment and redemption
The equity market hovering around its peak has benefitted the equity scheme, Scheme E of National Pension System (NPS), significantly. The government s pension scheme has shown stellar performance as the equity schemes gave double-digit returns of up to 60 per cent in the last one year. In the Tier 1 Account of NPS, LIC Pension Fund has delivered the highest returns of 59.56 per cent, followed by ICICI Pru Pension Fund (59.47 per cent) and UTI Retirement Solutions with 58.91 per cent returns. A Tier 1 NPS account is the basic retirement account that is mandatory if you want to avail NPS benefits. The
The Department of Pensions and Pensioners Welfare order said it was noticed that the COVID-19 pandemic has claimed the lives of several government employees during the recent surge
The Centre has asked all its departments to ensure that family pension begins within a month of receiving claims from the family of a deceased government employee.
The Department of Pensions and Pensioners Welfare has also come out with detailed notes one for employees under Old Pension Scheme and the other for those under National Pension System (NPS) to facilitate expeditious disbursement of all entitlements of the family on the death of government staff.