National Pension Programme: Department of Posts starts providing NPS services through online mode

The Division of Posts stated on Thursday stated that individuals can now join the nationwide pension program on-line, as per PTI report.

Since 2010, the Division of Posts (DoP) has been providing the Nationwide Pension Scheme (NPS-All Citizen Mannequin Scheme) by means of its designated put up places of work. It’s a voluntary Authorities of India pension scheme administered by the Pension Fund Regulatory and Improvement Authority (PFRDA).

“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.

In accordance with PTI, any Indian citizen between the ages of 18-70 can use the net service by going to the India Publish’s official web site and clicking on the menu head “Nationwide Pension System -On-line Companies.”

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

Subscribers are additionally eligible for a tax deduction in NPS primarily based on the Ministry of Finance’s declarations submitted infrequently below sec. 80CCD 1(B), PTI stated.

“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.

(With PTI inputs)