“The new pension scheme guarantees minimum returns,” said Supratim Bandopadhyay, chairman of the Pension Fund Regulatory and Development Authority. Is negotiating with pension funds and actuarial companies. Will be introduced in the current financial year. Funding is mark-to-market. So obviously there are some ups and downs. Valuation is based on market movements. The guarantee will be linked to the market. Fund managers should determine a guaranteed share of the return on investment.
In NPS and APY, customers have to invest a fixed amount every month, quarterly or every half. Subsequently, the client is given a fixed amount every month after retirement. Any Indian citizen between the age of 18 and 60 can join NPS. It was introduced by the Central Government on 1 January 2004. The scheme is necessary for all government employees to join after this date. Since 2009, the scheme has also been opened to people working in the private sector. Employees can withdraw a portion of the NPS after retirement. At the same time, after retirement from the balance amount, you can take an annuity for regular income.