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Department of Posts starts providing NPS services through online mode: National Pension Programme

The Department of Posts said on Thursday said that individuals can now pursue the public benefits program online, according to PTI report.

The Department of Posts said on Thursday said that individuals can now pursue the public benefits program online, according to PTI report.

Starting around 2010, the Department of Posts (DoP) has been offering the National Pension Scheme (NPS-All Citizen Model Scheme) through its assigned post offices. It is a willful Government of India annuity plot controlled by the Pension Fund Regulatory and Development Authority (PFRDA).


“Branch of Posts is presently satisfied to begin giving NPS (All Citizen Model) through online mode with impact from April 26, 2022,” the assertion said.

As indicated by PTI, any Indian resident between the ages of 18-70 can utilize the internet based help by going to the India Post’s true site and tapping on the menu head “Public Pension System – Online Services.”

“Facilities like new enlistment, beginning/resulting commitment and SIP choices under NPS Online are accessible to the clients at least charges for all administrations,” the assertion said. DoP professes to have the most minimal NPS administration charge.

Subscribers are likewise qualified for a tax allowance in NPS in light of the Ministry of Finance’s announcements submitted occasionally under sec. 80CCD 1(B), PTI said.

“This online facility might be profited by all qualified people for NPS without actually visiting any post office and to partake in the problem free involvement with a minimum fee structure,” the assertion said.

Source

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