NPS Rules: In the information given by the pension fund regulator, it was told that if the subscriber pays his contribution before 9.30 am, then it will be considered as investment for the same day.
Atal Pension Yojana: If you invest in National Pension Scheme (NPS) or Atal Pension Yojana (APY) keeping in mind the future of you and your family, then you must be fully updated about it. Changes have been made in both NPS and Atal Pension Yojana by Pension Fund Regulator PFRDA. After the new change, now the subscribers associated with the scheme will be able to pay the contribution through UPI (UPI Payment System).
Scope of payment increased
In the information given by the pension fund regulator, it was told that if the subscriber pays his contribution before 9.30 am, then it will be considered as the same day’s investment. But the amount deposited in the account after 9.30 am will be counted in the next day’s investment. Till now the subscriber could send the contribution amount through IMPS / NEFT / RTGS (IMPS / NEFT / RTGS). But after increasing its scope, now UPI can also be done.
Changes in Atal Pension Yojana also
Atal Pension Yojana (APY) is for the employees working in the unorganized sector. The subscribers of this scheme get a guaranteed minimum pension of Rs 1,000 to Rs 5,000 monthly after attaining the age of 60 years depending on their contribution. Changes have been made in the Atal Pension Yojana from last October 1. According to the new rule, income tax payers will no longer be able to apply for the Atal Pension Yojana (APY).
What is NPS
NPS scheme is operated for the employees of organized sector. This scheme, implemented from the year 2004, is mandatory for the employees of the Central Government (except the armed forces). This is applicable only to those employees who have joined service on or after January 1, 2004. In May 2009, it was extended to the private and unorganized sector on a voluntary basis.
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