National Pension System (NPS) scheme: New rules, and documents required for pension withdrawal that you must know

NPS scheme: The Pension Fund Regulatory and Development Authority (PFRDA) issued a circular, mandating NPS subscribers to upload a few documents effective from 1 April 2023. The pension body mentioned that uploading these documents would ensure timely annuity income payments. Documents to be Uploaded for Quick Distribution of Annuity IncomeAs per the PFRDA’s circular, certain…

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4 types of mutual fund SIPs

Systematic investment plan variants Systematic investment plans (SIPs) are an effective tool for investing in mutual funds for the creation of long-term wealth. SIPs allow investors to put in fixed amounts at predetermined intervals. Here are the different variants: Regular SIP A regular SIP is the plain vanilla variant and the most common type. Here,…

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Why you should invest in NPS for big tax savings

Thiruvananthapurambased software professional Sruthi Suresh pays a high tax because her pay structure is not very tax friendly and she does not claim all the deductions available to her. Taxspanner estimates that Suresh can save nearly Rs.63,000 in tax if her company rejigs her salary package, she opts for the NPS benefit from her company…

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