[ad_1] 90,000 subscribers have been already enrolled under the NPS Vatsalya pension scheme since its launch in September 2024, M Nagaraju, the secretary of Department of Financial Services (DFS), said in a press briefing on Monday. Index Fund Corner Sponsored Scheme Name 1-Year Return Invest Now Fund Category Expense Ratio Axis Nifty 50 Index Fund […]
Protean eGov to reshape business mix with focus on new verticals – CNBC TV18
[ad_1] Mumbai-based e-governance solutions provider, Protean eGov Technologies, plans to redefine its business mix, with MD and CEO Suresh Sethi projecting new businesses to contribute 20-25% to revenue over the next two to three years. Sethi listed four new verticals: ONDC (e-commerce), finance or data stack, global cloud and InfoSec services. Sethi elaborated on Protean’s […]
NPS Diwas 2024: A look at recent changes and launches in the National Pension System – CNBC TV18
[ad_1] As we celebrate NPS Diwas on October 1, 2024, it’s a perfect opportunity to reflect on the changes and enhancements made to the National Pension System (NPS) this year. These adjustments aim to improve the retirement savings landscape and provide better financial security for Indian citizens. Introduction of NPS Vatsalya One of the most […]
Early saving for children key to leveraging India’s youth dividend, says PFRDA Chairman Mohanty – CNBC TV18
[ad_1] The Pension Fund Regulation and Development Authority (PFRDA), celebrates October 1 as NPS Diwas. Ahead of this, the pension regulator has launched an innovative pension scheme tailored for children—NPS Vatsalya. As India stands as the world’s most populous country with the largest cohort of young individuals under 18, NPS Vatsalya allows parents to start […]
Minors do not need a PAN for NPS Vatsalya — know more details about this new scheme – CNBC TV18
[ad_1] There is some confusion over the need for a Permanent Account Number (PAN) for minors under the newly-introduced NPS Vatsalya scheme. It’s essential to clarify that while a PAN is necessary for the guardian managing the account, children are not required to have one. What is NPS Vatsalya? NPS Vatsalya is a contributory pension […]
NPS Vatsalya Scheme: A look at documents needed and what happens to the account when a child turns 18 – CNBC TV18
[ad_1] The recently-launched NPS Vatsalya Scheme, announced by Nirmala Sitharaman, provides an opportunity for parents and guardians to invest in their children’s retirement. This initiative, which debuted on September 18, 2024, aims to secure the financial future of minors in India. Who can invest? Under the NPS Vatsalya Scheme, parents or legal guardians can open […]
NPS Vatsalya vs Sukanya Samriddhi Yojana vs PPF: Which investment is best for your child’s future? – CNBC TV18
[ad_1] With the recent launch of NPS Vatsalya, the landscape of minor investment schemes has become more diverse. This new option, alongside schemes like Sukanya Samriddhi Yojana (SSY) and Public Provident Fund (PPF), offers different benefits and features. Here’s a detailed comparison to help determine which is better for investing in a child’s future. NPS […]
Axis Bank, ICICI Bank launch NPS Vatsalya: How this new scheme can benefit your child – CNBC TV18
[ad_1] Axis Bank and ICICI Bank have launched the National Pension System (NPS) Vatsalya. This is an initiative designed to secure the financial future of children under 18. This new scheme, introduced in the 2024 Union Budget by Finance Minister Nirmala Sitharaman, provides a structured and flexible approach for parents and guardians to invest in […]
NPS Vatsalya scheme launch today: Who can invest, how to open an account and more – CNBC TV18
[ad_1] Finance Minister Nirmala Sitharaman will launch the much-anticipated NPS Vatsalya Scheme on Wednesday, September 18. This initiative, introduced in Budget 2024, aims to financially secure children’s future by encouraging guardians to invest in a pension account on their behalf. The scheme will be unveiled at an event in New Delhi at 3 pm, with […]
How Budget 2024 announcements make NPS more attractive for investors – CNBC TV18
[ad_1] In the Union Budget 2024, Finance Minister Nirmala Sitharaman announced significant enhancements to the National Pension System (NPS), aiming to make it more appealing under the new tax regime. The key proposals include increasing tax deductions for employer contributions and introducing a new scheme called ‘NPS-Vatsalya’ for minors. These initiatives are expected to boost […]