The NPS Vatsalya scheme, introduced in the Union Budget 2024-25, is specifically tailored for minors and provides flexible contribution and investment choices for parents or legal guardians.

As a parent, your child's future is your top priority. You want to give them a secure and stable life. One way to do this is by planning for their retirement. Today, we will explore how the NPS ...

EPF+NPS Retirement Corpus: Private sector employees can contribute to Employees' Provident Fund (EPF) and National Pension System (NPS) to generate a retirement corpus and get a monthly pension. If ...

Subscriber joining NPS after the age of 60 years will have an option of normal exit from NPS after completion of three years. In this case, the subscriber will be required to utilize at least 40 ...

NPS Vatsalya: What will be your retirement corpus? The total investment will be Rs 2,33,36,525, the estimated capital gains will be Rs 98,40,14,537, and the maturity amount will be Rs 1,00,73,51,062.

If an NPS subscriber retires at the age of 60, she has to compulsorily buy an annuity plan for 40% of the total corpus. She can withdraw upto 60% in lumpsum.

Subscribers who joined NPS beyond 60 years of age should understand that the exit before three years will be treated as 'premature exit' and those withdrawals beyond three years is the 'normal exit'.

Taxation in SLWP As perSection 10 (12A) of the Income Tax Act, 1961 any withdrawal upto 60% from the NPS by the subscriber on closure or exit of their account is exempt from tax.