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| Name | 10 Recent NPS Updates You Can't Ignore | Maximize Your Benefits from the National Pension System |
| Video Uploader | Video From Shankar Nath |
| Upload Date | This Video Uploaded At 24-02-2024 23:30:10 |
| Video Discription | ► Join 18,000+ investors and readers of my newsletter at http://shankarnath.com The National Pension System (NPS) has undergone significant changes and updates over the past few years. In this video, we shall look at 10 recent and important updates that no NPS subscribers or if you are considering subscribing to NPS should not ignore. Here's a list of NPS changes: 1. Subscribers can now choose different fund managers for various asset classes 2. The introduction of Systematic Lumpsum Withdrawal (SLW) allows subscribers to withdraw 60% of their accumulated funds on a periodic basis 3. Authentication measures like the penny drop verification ensure smoother fund transfers and reduce delays 4. NPS statements are now integrated into consolidated statements, providing subscribers with a unified view of their investments 5. Changes in equity allocation rules allow subscribers to maintain higher equity exposure until the age of 60 6. Subscribers can now opt for multiple annuities, offering diversification and flexibility in payout options 7. PFRDA has made document upload compulsory to streamline the annuity payment process after exiting NPS 8. Improved IT capabilities has enabled quicker settlement times for withdrawal requests 9. The introduction of UPI payments simplifies and speeds up contribution processes 10. Credit card contributions are restricted for Tier 2 accounts (but not Tier 1) aligning with similar practices in other investment platforms 👉 Useful resoures/reading: ‣ https://economictimes.indiatimes.com/wealth/invest/major-nps-rule-changes-2023-systematic-lumpsum-withdrawal-facility-nps-lite-exit-rules-consolidated-statement-more/articleshow/106351325.cms?from=mdr ‣ https://www.livemint.com/money/personal-finance/news-nps-withdrawal-rule-changes-ten-things-national-pension-system-subscribers-must-know-11698736837940.html ‣ https://www.thehindubusinessline.com/portfolio/personal-finance/five-recent-nps-changes-impacting-subscribers/article66061772.ece ‣ https://www.cnbctv18.com/personal-finance/nps-new-rules-latest-changes-to-know-before-investing-national-pension-system-14820451.htm ‣ https://www.timesnownews.com/business-economy/personal-finance/planning-investing/article/six-recent-rule-changes-that-make-national-pension-system-nps-attractive-for-investors/825475 ‣ https://www.etmoney.com/learn/nps/best-nps-fund-managers-which-nps-fund-should-you-invest-in/ ‣ https://npscra.nsdl.co.in/download/FAQs%20on%20Systematic%20Lumpsum%20Withdrawal.pdf ‣ https://www.livemint.com/money/personal-finance/timeline-for-withdrawal-in-nps-account-reduced-to-t-2-from-t-4-what-does-this-mean-11663669831862.html 👉 Video Chapters: 00:00 Recent Changes in National Pension System 01:16 1. Different Pension Fund Managers Per Asset Class 02:37 2. Systematic Lumpsum Withdrawal in NPS 04:16 3. Mandatory Penny Drop Authentication 05:19 4. Inclusion of NPS in Consolidated Account Statement 07:11 5. Relaxation in NPS Equity Allocation 08:10 6. Multiple Annuities from Same Life Insurance Company 09:09 7. Mandatory Upload of Documents upon NPS Exit 10:05 8. Reduction in NPS Settlement Time to T+2 Days 10:59 9. NPS Contributions via UPI (Unified Payment Interface) 12:11 10. No Contribution into NPS via Credit Cards 12:56 Shankar's Viewpoint #nationalpensionsystem #nps #nationalpensionscheme Disclaimer: I am not a SEBI registered investment advisor or research analyst. I am not registered with PFRDA or IRDA either. The content posted on this platform is purely for educational purposes and none of it constitutes investing or trading advice. Viewers should do their own research and diligence before investing or acting on the information presented. Some of the links I have posted in the video, the description, the comments and other related resources might be affiliate links |
| Category | Education |
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