If you or there is a pensioner in your family. Or if you are thinking of exiting the National Pension System (NPS) and withdrawing money, then here are two useful news for you. Come see..
Life certificate can be submitted anytime
Employees’ Provident Fund Organization (EPFO) has given a big relief to its pensioners. EPFO has tweeted that pensioners can now submit their life certificate at any time of the year as per their convenience. Its validity will be for one year from the date of submission of the certificate.
Jeevan Pramaan can be generated digitally through the Jeevan Pramaan portal of the Central Government. Apart from this, digital life certificate can also be booked through doorstep banking services of government banks and post offices. Pensioners can submit their Digital Jeevan Pramaan to the pension paying bank, Public Service Center (CSC), post office, UMANG App or at their nearest EPFO office. The digital life certificate should contain PPO number, Aadhaar number, bank account number and mobile number linked to Aadhaar.
NPS linked services fee hiked
The Pension Fund Regulatory and Development Authority (PFRDA) has increased the fees for exiting and withdrawing money from the National Pension System (NPS). Now, on exit or withdrawal from NPS, the processing fee will be based on the amount deposited. It has been kept maximum 0.125 percent.
Under this, a minimum of Rs 125 and a maximum of Rs 500 will be charged from the NPS holder. Similarly, the charge on deposits under e-NPS has been increased from 0.10 per cent to 0.20 per cent. Now deposits through e-NPS will have to pay a minimum fee of Rs 15 and a maximum of Rs 10,000. For registration in NPS, a fee of Rs 200 to 400 will have to be paid. 0.50 per cent or Rs 30 to Rs 25,000 will be charged on the initial deposit amount. All subsequent deposits will also attract the same fee. For non-financial transactions, there will be a charge of Rs 30 each time.
