nps: Division of Posts begins offering NPS companies by means of on-line mode

April 28, 2022

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Individuals can now subscribe to the nationwide pension scheme from the Division of Posts on-line, an official assertion stated on Thursday. The Division of Posts (DoP) has been offering the Nationwide Pension Scheme (NPS-All Citizen Mannequin Scheme), a voluntary Pension Scheme of the Authorities of India managed by Pension Fund Regulatory and Growth Authority(PFRDA), by means of its designated put up places of work since 2010.”

Division of Posts is now happy to start out offering NPS (All Citizen Mannequin) by means of on-line mode with impact from April 26, 2022,” the assertion stated.

Any Citizen of India within the age group of 18-70 years of age group can avail of the net facility by visiting the official web site of the India Put up beneath the menu head “Nationwide Pension System -On-line Providers”.

“Services like new registration, preliminary/ subsequent contribution and SIP choices beneath NPS On-line can be found to the shoppers at minimal fees for all companies,” the assertion stated.DoP claims to have the bottom NPS service cost.

The subscribers are additionally eligible for a tax deduction in NPS as per the declaration made by the Ministry of Finance once in a while beneath sec. 80CCD 1(B).

“This on-line facility could also be availed by all eligible individuals for NPS with out bodily visiting any put up workplace and to benefit from the hassle-free expertise at a minimal price construction,” the assertion stated.