Ajay Shah notes that the new changes suggested by the Parliamentary Standing Committee to the government, on the National Pension Scheme, are essentially a reversal of reforms. An essential feature of the NPS was that it was a defined contribution system. India has a long history with getting into trouble with guaranteed returns. UTI’s assured [...]

Posted in Credit Repair, NPS Comments Off

The Central Government pays 10% to the National Pension Scheme (NPS) for all its employees, with employees putting in another 10%. Even private employers may do so. Your own contribution had the exemption upto Rs. 1 lakh, an overall limit for all suc…

Posted in Budget2011, Credit Repair, NPS Comments Off

The New Pension Scheme (NPS)* , after letting everyone in on it’s Tier 1 account, offers a Tier 2 account now. Recall that the Tier 1 account was not withdrawable – you put money in, it stays in till retirement, and then you put 40% of the corpus…

Posted in Credit Repair, NPS Comments Off