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NPS News | NPS subscriber? Know about the four annuity schemes available under NPS

Updated Jan 20, 2021 | 07:14 IST For all NPS subscribers, it is compulsory to purchase an annuity product from listed ASPs at the time of superannuation and pre-mature exit NPS subscriber? Know about the four annuity schemes available under NPS New Delhi: An annuity refers to the monthly payment that you will receive as a subscriber from the Annuity Service Provider (ASP) after your exit from the National Pension Scheme (NPS). Annuity Service Provider is an Insurance Regulatory and Development Authority (IRDA) registered insurance company listed by the Pension Fund Regulatory and Development Authority (PFRDA) for providing of Annuity Services to NPS subscribers upon their exit from the system.

New delhiNational pension systemPension fund regulatoryNational pension schemeLife insurance corporation of indiaLife insurance coDevelopment authorityStandard life insurance co ltdAnnuity service providerAnnuity servicesRepresentational imageInsurance regulatoryLife insurance corporationLife insurance co ltdAgency for national pension systemSbi life insurance co ltd

NPS subscribers can now use online mode to exit the scheme Here s how

NPS subscribers will need to submit the NPS withdrawal forms along with other supporting documents for authorization by POPs, the Pension Fund Regulatory and Development Authority (PFRDA) said.

National pension systemPension fund regulatoryAnnuity service providerCentral record keeping agencyBank account verificationDevelopment authorityInstant bank account verificationPersonal financePension fund regulatory and development authorityதேசிய ஓய்வூதியம் அமைப்புஓய்வூதியம் நிதி ஒழுங்குமுறைவருடாந்திரம் சேவை வழங்குநர்வங்கி எண்ணுதல் சரிபார்ப்புவளர்ச்சி அதிகாரம்உடனடி வங்கி எண்ணுதல் சரிபார்ப்புதனிப்பட்ட நிதி

PFRDA provides online option to subscribers to exit from NPS

PFRDA provides online option to subscribers to exit from NPS SECTIONS Last Updated: Dec 30, 2020, 04:57 PM IST Share Synopsis The Points of Presence would identify the bank account number of the subscriber by Instant Bank Account Verification through penny drop and also verify the uploaded documents. The CRAs and POPs are advised by PFRDA to develop the required technical functionalities in a time bound manner. Getty Images NEW DELHI: Pension fund regulator PFRDA on Wednesday said the subscribers can now use the online mode also to exit from the National Pension System (NPS). Under the current process, the NPS subscribers have to physically approach their Points of Presence (POPs) to complete their withdrawal request process and the task is performed offline, it said in a statement.

National pension systemPension fund regulatoryAnnuity service providerCentral record keeping agencyBank account verificationDevelopment authorityInstant bank account verificationதேசிய ஓய்வூதியம் அமைப்புஓய்வூதியம் நிதி ஒழுங்குமுறைவருடாந்திரம் சேவை வழங்குநர்வங்கி எண்ணுதல் சரிபார்ப்புவளர்ச்சி அதிகாரம்உடனடி வங்கி எண்ணுதல் சரிபார்ப்பு

E-NPS Subscribers Can Soon Exit From The Scheme Via Offline Aadhaar Process; Here s What You Need To Do

e-NPS subscribers can soon exit from the scheme via offline Aadhaar process; here s what you need to do By using offline Aadhaar process, currently, subscribers can open NPS accounts. The PFRDA has decided to make the exit process more agile as per the circular issued on December 22, 2020. December 24, 2020 / 03:11 PM IST e-NPS subscribers will soon have an option to opt out from the National Pension Scheme (NPS) through Self-authorization . This has been proposed by the Pension Fund Regulatory and Development Authority (PFRDA). Subscribers having a corpus up to Rs 10 lakh in their NPS accounts need to provide offline Aadhaar details for an exit. By visiting NSDL website or by filling up the physical withdrawal form and submitting it to the respective Nodal Office/Point of Presence (POP), these subscribers can also exit via an online and offline process.

Pension fund regulatoryNodal office point of presenceNational pension schemeAnnuity service providerDevelopment authorityAadhaar share codeInstant bank accountஓய்வூதியம் நிதி ஒழுங்குமுறைநோடல் அலுவலகம் பாயஂட் ஆஃப் ப்ரெஸெந்ஸ்தேசிய ஓய்வூதியம் திட்டம்வருடாந்திரம் சேவை வழங்குநர்வளர்ச்சி அதிகாரம்ஆதார் பகிர் குறியீடுஉடனடி வங்கி எண்ணுதல்

PFRDA makes it simper for NPS subscribers to exit – Know the process in easy steps

PFRDA makes it simper for NPS subscribers to exit – Know the process in easy steps
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Bank acctNational pension systemAnnuity service providerAadhaar share codeInstant bank acctவங்கி அசிட்தேசிய ஓய்வூதியம் அமைப்புவருடாந்திரம் சேவை வழங்குநர்ஆதார் பகிர் குறியீடுஉடனடி வங்கி அசிட்

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