Discover and read the best of Twitter Threads about #PFRDA

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#NPS - #NationalPensionSystem

Voluntary #retirement scheme.
Managed by #PFRDA (Pension Fund Regulatory and Development Authority).
Anyone from 18 to 65 yrs of age can invest.

For New NPS Registration:
For NPS Contribution:
Type of Accounts:
Tier I : Retirement A/c. Mandatory. Cannot withdraw until retirement. Initial Contr - ₹500
Tier II : No restrictions. Anytime withdrawal. Tier II can be opened only if you have a Tier I account. Initial Contr - ₹1000

Annual Min Contr : I - ₹1000, II - ₹250
Market linked returns. Invests in 3 diff funds with a mix of the following asset classes.
Equity (E): Stocks
Corporate Debt (C): PSU Bonds, PFIs, Infra comp and Money Market
Government Securities (G)
Alternative Investment Funds (A): CMBS, REITS, AIFs, etc
Read 9 tweets
12 New Bills are listed for introduction in #MonsoonSession of #Parliament
These are:
1. Multi-State Co-operative Societies Amendment Bill- to rationalize Govt role & members participation in working of multi-state co-op societies
2. Bilateral Netting of #Financial Contracts Bill
3. Factoring Regulation (Amendment) Bill - to allow #NBFCs, other than NBFC-Factors to undertake Factoring business as well

4. #Pension Fund Regulatory & Devl Authority (Amendment) Bill - Separation of #NPS Trust from #PFRDA, and to provide for #UniversalPension coverage
5. Nat'l Commission for Allied & Healthcare Professionals Bill - set up Central and State Council

6. Assisted #Reproductive Technology (Regulation) Bill - regulation, supervision of ART Clinic, Banks

7. J&K Official language Bill- for language to be used for official purpose
Read 5 tweets

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