+91-95544-99877
care@moralesuvidha.com
Login
Franchise Login
Register
About
Contact
Toggle navigation
Home
(current)
Business Plan
Products
Mobile Recharge
Bill Payment
DTH Recharge
Money Transfer
Data Card Recharge
LIC Premium (All Insurance Premium)
Electricity
Gas
Telephone
G2C Services
Pan Card Services
Aadhar Services
ITR Services
Financial Inclusion
Banking
Prepaid Card
SBI Mini ATM
CSP Request Form
We Offer CSP Banks
Insurance
Pension
Our Partners
FIA Global
Novopay Solutions pvt ltd
UTI Infrastructure Technology and Services ltd
Reliance General Insurance Company ltd
Itz Cash
Ezetap
EzSwype
Legal
Pension
Home
Pension
Previous
Next
Scheme Of NPS
The new pension system would be based on defined contributions. It will use the existing network of bank branches and post offices etc. to collect contributions. There will be seamless transfer of accumulations in case of change of employment and/or location. It will also offer a basket of investment choices and Fund managers. The new pension system will be voluntary.
The system would, however, be mandatory for new recruits to the Central Government service (except the armed forces). The monthly contribution would be 10 percent of the salary and DA to be paid by the employee and matched by the Central Government. However, there will be no contribution from the Government in respect of individuals who are not Government employees. The contributions and returns thereon would be deposited in a non-withdrawable pension account. The existing provisions of defined benefit pension and GPF would not be available to the new recruits in the central Government service.
In addition to the above pension account, each individual can have a voluntary tier-II withdrawable account at his option. Government will make no contribution into this account. These assets would be managed in the same manner as the pension. The accumulations in this account can be withdrawn anytime without assigning any reason.
Individuals can normally exit at or after age 60 years from the pension system. At exit, the individual would be required to invest at least 40 percent of pension wealth to purchase an annuity. In case of Government employees, the annuity should provide for pension for the lifetime of the employee and his dependent parents and his spouse at the time of retirement. The individual would receive a lump-sum of the remaining pension wealth, which she would be free to utilize in any manner. Individuals would have the flexibility to leave the pension system prior to age 60. However, in this case, the mandatory annuitisation would be 80% of the pension wealth.
There will be one or more central record keeping agency (CRA), several pension fund managers (PFMs) to choose from which will offer different categories of schemes.
You care about others and create a positive difference by contributing success to people's lives?
The participating entities (PFMs, CRA etc.) would give out easily understood information about past performance & regular NAVs, so that the individual would able to make informed choices about which scheme to choose.
Fill in the form below to get in touch with us.
Name
required
Email
required
Mobile
required
Subject
Billing
Sales
Support
Mobile Recharge
Bill Payment
DTH Recharge
Money Transfer
Data Card Recharge
LIC Premium (All Insurance Premium)
Electricity
Gas
Telephone
Insurance
SBI miniATM
CSP Request
required
Message
required