Government Pension Scheme: If you are also taking advantage of the Pension Scheme, then there is good news for you. A new information is coming out from the government regarding the National Pension System and Atal Pension Yojana.
Pension Scheme Update: Many pension schemes are being run by the Central and State Government. If you are also taking advantage of the Pension Scheme, then there is good news for you. A new information is coming out from the government regarding the National Pension System and Atal Pension Yojana.
PFRDA Chairman gave information
Giving information, Deepak Mohanty, Chairman, Pension Fund Regulatory and Development Authority (PFRDA) said that the assets under management (AUM) under the National Pension System (NPS) and Atal Pension Yojana (APY) have crossed Rs 10 lakh crore. Has gone. He told that this figure of AUM was achieved only on 23 August. It took two years and 10 months to double from five lakh crore rupees.
Number of beneficiaries reached 6.62 crore
In total assets under management, APY’s AUM stood at Rs 30,051 crore at the end of August 25, while NPS Lite’s figure stood at Rs 5,157 crore. The number of beneficiaries of NPS and APY together increased to more than 6.62 crore.
Central government employees are getting benefits
NPS is applicable to all government employees (except armed forces) who got Central Government employment on or after January 1, 2004. Most of the state and union territory governments have also notified NPS for their new employees. NPS is available voluntarily to every Indian citizen from May 1, 2009. Subsequently, APY was introduced on June 1, 2015.
Government is making another plan
Pension fund regulator PFRDA is planning to introduce a systematic withdrawal scheme, which will facilitate pension account holders to withdraw a lump sum amount as per their wish after attaining the age of 60 years. Mohanty has said that it is in the final stages. It is expected that this system will be implemented from October and November.
Withdraw money outright up to 60 percent
Let us tell you that NPS consumers can withdraw only 60 percent of the retirement fund in lump sum after the age of 60 years.
