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Assets Under Management (AUM) of National Pension System (NPS) cross RS. 1 Lac Crore

Dated:- 9-10-2015 - NPS has been implemented for all Government Employees (except armed forces) joining Central Govt. on or after 01 January 2004. Most of the State/UT Governments have also notified the National Pension System (NPS) for their new emp .....

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ently, NPS and APY together have more than One Crore subscribers with total Assets Under Management (AUM) of ₹ 1,00,275 crores. The segment wise status of the NPS and APY as on 03.10.2015 is as under: Segment No. of Subscribers Asset under Mana .....

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nd Development Authority (PFRDA) has taken various steps at the policy as well as operational levels to make NPS more subscriber friendly. In addition to this additional tax benefits made available exclusively to NPS has given a fillip to the scheme. .....

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d to expand the investment avenues for optimisation of the returns. Partial withdrawal upto 25% of subscriber s own contribution for specific purposes like higher education of children, marriage of children, construction of house and specified illnes .....

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0 years and also have the option to defer purchase of annuity upto 3 years from the date of superannuation or 60 years. The funds during this period remain invested in the system. The Statement of Transactions (SOT) being sent by CRA to the existing .....

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of ₹ 50,000/- to avail of the additional tax benefit under Section 80 CCD(1B), Government Subscribers already covered under NPS have been provided the facility to deposit voluntary contributions in their Tier I account through any POP-SP. Gover .....

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