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NPS Latest & Complete Details in Telugu | National Pension Scheme in India | Retirement Planning | Analytics Table

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About NPS Latest & Complete Details in Telugu | National Pension Scheme in India | Retirement Planning |

Explore NPS Latest & Complete Details in Telugu | National Pension Scheme in India | Retirement Planning | with 256,170 views, 11,193 likes, and 1,356 comments. Experience the impact of this video content that has captured audience attention.

To Support our channel , use below links šŸ‘‡ You can compare Term Insurance here https://bit.ly/46hsSJA You can compare Health Insurance here https://tinyurl.com/pgc9dcxc Get Best & Free Credit cards Apply Now IDFC free Credit Card (Free) - https://wee.bnking.in/ZTFkZTc1 AU Credit Card (Free) https://wee.bnking.in/NmZkNGQ4 Pop Centres near you : https://www.npscra.nsdl.co.in/pop-sp.php In this video we have discussed complete NPS Details... NPS or National Pension Scheme is a retirement product launched by Government of India. It is managed by PFRDA (Pension Fund Regulatory and Development Authority). This product helps you to create retirement corpus. This pension program is open to employees from the public, private and even the unorganized sectors with the exception of those from the armed forces. The scheme encourages people to invest in a pension account at regular intervals during the course of their employment. After retirement, the subscribers can take out a certain percentage of the corpus. As an NPS account holder, you will receive the remaining amount as monthly pensions post your retirement. The scheme is portable across jobs and locations, with tax benefits under Section 80 C & 80CCD Who Can open NPS Account? Any citizen of India can invest in this scheme. The age of the subscriber must be within 18-60 years of age. However, an individual of unsound mind or existing members of NPS are not allowed to open new account. Therefore, an individual can open only ONE NPS account. How to open NPS Account? You have to fill the application form and provide the relevant KYC documents at your nearest POP-PS (You will find the list in PFRDA portal). POP will send you PRAN https://www.npscra.nsdl.co.in/pop-sp.php However, if you want to open new Tier 2 account, then the process is different. You have to approach POP-PS with copy of PRAN (Permanent Retirement Account Number) and Tier 2 activation form. The subscriber has to make the first contribution while opening the account. Minimum contribution for Tier 1 is Rs.500 and Rs.1, 000 for Tier 2. There is no limit for maximum contribution in both the accounts. Note-Now you can open NPS account online and also contribution can be made it online through eNPS portal. What is the Post Maturity Tax efficiency & tax benefit while investing in NPS? There is a deduction of up to Rs. 1.5 lakhs can be claimed for NPS – for your contribution as well as for the contribution of the employer. This is in similar lines to present EPF (If you are a Employee) Employees of Self Employed Contribution-Employees (Up to 10% of Basic+DA) and for self-employed, up to 10% of gross income will be eligible for deduction under Sec.80CCD (1). This Sec.80CCD (1) is part of Sec.80C limit. Hence, the maximum tax benefit you can avail is Rs.1,50,000. Employers contribution-Employers deductions will be claimed by employees under Sec.80CCD (2). The limit for such deduction is lowest of the below three conditions. Amount contributed by an employer. 1. 10% of Salary (Basic+DA). 2. Gross Total Income. – You can claim any additional self-contribution (up to Rs. 50,000) under section 80CCD(1B) as NPS tax benefit. The scheme, therefore, allows a tax deduction of up to Rs. 2 lakh in total. What is the Investment Strategy in NPS? There are four category of asset classes available for you to invest. Asset Class E-Invests predominantly in the equity market. You may say high return and high risk. Asset Class C-Invests in fixed income instruments other than Government Securities. Risk is medium in this category. Asset Class G-Invests in Government Securities. So lower risk and lower return. Along with that, you have two different options to choose regarding allocation. Asset Class A - Alternative Investment Funds including instruments like CMBS, MBS, REITS, AIFs, Invlts etc. Active Choice-You have the option to choose your investment among E, C or G asset classes. However, if you opted for Asset class E & Asset Class A there are maximum limits, in Asset Class E the maximum equity exposure is 75% only & Asset Class A the Maximum Exposure is 5%. Auto Choice-If you don’t want to take active part in switching asset class, then PFRDA will do it according to your age. It is predefined. You can change both scheme preference and investment choices at any point of time. But it is allowed only once in a year. Equity Allocation Rules The NPS invests in different schemes, and the Scheme E of the NPS invests in equity. You can allocate a maximum of 75% of your investment to equities. Hence, when we compare with ELSS Mutual funds, returns from NPS will be on lower side. Please remember that there is no ASSURED RETURN from NPS. Financial Books: A Beginner's Guide to the Basics of Investing: https://amzn.to/2nm86sn How to Avoid Loss & Earn consistently in Stock Market: https://amzn.to/2o4Xs9H The Intelligent Investor: https://amzn.to/2oMKJZn

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