look news india
New Delhi. Pension is a good source of income after retirement. At present there are many schemes available to get pension benefits. There is also a National Pension Scheme among these schemes. In this, the investor gets the benefit of pension when the investment amount matures.
If you also invest in NPS i.e. you have an NPS account, then let us tell you that from today there has been a change in the POP charge structure on the NPS account.
The Pension Fund Regulatory and Development Authority (PFRDA), which regulates NPS, has changed the charge structure of Point of Presence (POP). PFRDA has issued a circular regarding changes in the rules related to point of presence charges.
What is POP?
It is the responsibility of POP to keep the NPS account running smoothly. POP is appointed by PFRDA only. PoP is a type of network. Through this network the customer and NPS remain connected to each other. POP charges a fee for providing its service. There is no limit on POP charges. However, now the minimum and maximum limits of its fee have been fixed.
What are the POP rates?
When an investor registers in NPS for the first time, he will have to pay a POP of Rs 200 to Rs 400. After this the investor will have to contribute 0.50 percent. This charge remains between Rs 30 to 25 thousand. Apart from this, a charge of Rs 30 is levied on all non-financial transactions.
About NPS Scheme
NPS scheme is a tax saving scheme. In this, after the age of 60 years, the investor gets a part of the invested amount and the other part as pension. The benefits of NPS scheme are available in all the banks of the country. Only those between 18 to 60 years of age can apply for this scheme.