(Nps) – Subscriber Registration Form
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Pension Reforms in India
• Cognizant 20-20 Insights Pension Reforms in India Pension reforms are yet to benefit a large section of the Indian population. Significant changes on the policy and regulatory fronts, better marketing and better pricing of products can give this sector a much-needed boost. Executive Summary and cost-effective products are available to the population for creating a retirement corpus. Life expectancy has shot up in recent decades. When public pension systems were first estab- lished, people could typically look forward to only Background of Pension Reforms a few years of retirement if any. Today, globally, India does not have a universal social security sys- the probability of a newborn boy surviving until tem. A large number of India’s elderly are not cov- age 65 is over 80%; the figure is over 90% for ered by any pension scheme. Pension reforms and a girl child. Aging populations are “a high-class” a pension system with greater reach will not only problem, said U.S. President Bill Clinton in his ensure citizens’ welfare in their golden years but 1999 State of the Union address. He continued: will also help the central and state governments “It’s the result of something wonderful: the fact cut their future liabilities. With these broad objec- that we are living a lot longer.” Nevertheless, tives in mind, the government of India set up an there is no denying that aging populations pose expert committee in 1998 to devise a new pension significant challenges for economic, social and system for India. Project Oasis, which was chaired health policies in general and pension systems in by S.A. -
Frequently Asked Questions on National Pension System – All Citizens Model
FREQUENTLY ASKED QUESTIONS ON NATIONAL PENSION SYSTEM – ALL CITIZENS MODEL What is National Pension System? NPS is an easily accessible, low cost, tax-efficient, flexible and portable retirement savings account. Under the NPS, the individual contributes to his retirement account and also his employer can also co-contribute for the social security/welfare of the individual. NPS is designed on Defined contribution basis wherein the subscriber contributes to his account, there is no defined benefit that would be available at the time of exit from the system and the accumulated wealth depends on the contributions made and the income generated from investment of such wealth. The greater the value of the contributions made, the greater the investments achieved, the longer the term over which the fund accumulates and the lower the charges deducted, the larger would be the eventual benefit of the accumulated pension wealth likely to be. Contributions + Investment Growth – Charges = Accumulated Pension Wealth (Individual contribution as well as co-contribution from Employers) Who can Join NPS? Any citizen of India, whether resident or non-resident, subject to the following conditions: Individuals who are aged between 18 – 60 years as on the date of submission of his/her application to the POP/ POP-SP. The citizens can join NPS either as individuals or as an employee-employer group(s) (corporates) subject to submission of all required information and Know your customer (KYC) documentation. After attaining 60 years of age, you will not be permitted to make further contributions to the NPS accounts. Can an NRI open an NPS account? Yes, a NRI can open an NPS account. -
State Finances Audit Report of the Comptroller and Auditor General of India
State Finances Audit Report of the Comptroller and Auditor General of India for the year ended 31 March 2020 Government of Chhattisgarh Report No. 03 of the year 2021 Table of Contents Paragraph Page No. No. Preface -- vii Executive Summary -- ix Chapter I: Overview Profile of the State 1.1 1 Gross State Domestic Product of the State 1.1.1 1 Basis and Approach to State Finances Audit Report 1.2 3 Report Structure 1.3 4 Overview of Government Accounts Structure 1.4 4 Budgetary Processes 1.5 7 Snapshot of Finances 1.5.1 7 Snapshot of Assets and liabilities of the Government 1.5.2 8 Fiscal Balance: Achievement of deficit and total debt targets 1.6 9 Compliance with Provisions of State FRBM Act 1.6.1 9 Medium Term Fiscal Policy Statement 1.6.2 10 Deficit and Surplus 1.6.3 11 Trends of Deficit/Surplus 1.6.4 12 Deficits after examination in Audit 1.6.5 13 Chapter II: Finances of the State Introduction 2.1 15 Sources and Application of Funds 2.2 15 Resources of the State 2.3 17 Receipts of the State 2.3.1 17 Revenue Receipts 2.3.2 18 Trends and growth of Revenue Receipts 2.3.2.1 18 State’s Own Resources 2.3.3 19 Own Tax Revenue 2.3.3.1 20 State Goods and Services Tax (SGST) 2.3.3.2 21 Non-Tax Revenue 2.3.33 22 Central Tax Transfers 2.3.3.4 22 Grants-in-Aid from Government of India 2.3.3.5 23 Fourteenth Finance Commission Grants 2.3.3.6 24 Capital Receipts 2.3.3.7 24 State’s performance in mobilization of resources 2.3.4 25 Application of Resources 2.4 25 Growth and composition of expenditure 2.4.1 26 Revenue Expenditure 2.4.2 28 Major Changes in Revenue Expenditure 2.4.2.1 29 Committed Expenditure 2.4.2.2 29 Undercharged Liability under National Pension System 2.4.2.3 31 Page i State Finances Audit Report for the Year ended 31 March 2020 Table of Contents Paragraph Page No. -
Insights Pt 2019 Exclusive (Government Schemes)
INSIGHTS PT 2019 EXCLUSIVE (GOVERNMENT SCHEMES) May 2018 – January 2019 • www.insightsonindia.com www.insightsias.com INSIGHTS PT 2019 EXCLUSIVE (GOVERNMENT SCHEMES) Table of Contents MINISTRY OF HEALTH AND FAMILY WELFARE ................................................................... 6 1.Menstrual Hygiene for Adolescent Girls Schemes ................................................................................. 6 2.Mission Indradhanush ......................................................................................................................... 6 3.Ayushman Bharat–PM Jan Arogya Yojana ............................................................................................ 7 4.Pradhan Mantri Swasthya Suraksha Yojana (PMSSY) ............................................................................ 8 MINISTRY OF AGRICULTURE & FARMERS WELFARE ...................................................... 10 1.National Agricultural Higher Education Project (NAHEP) ..................................................................... 10 2.Pradhan Mantri Fasal Bima Yojana ..................................................................................................... 10 3.Online Portal “ENSURE” ..................................................................................................................... 11 4.Pradhan Mantri Annadata Aay SanraksHan Abhiyan (PM-AASHA) ...................................................... 12 MINISTRY OF SKILL DEVELOPMENT & ENTREPRENEURSHIP ...................................... 13 -
Pan Card Reprint Application Form Download Pdf
Pan card reprint application form download pdf Continue A duplicate of a PAN card is a document that the income tax department issues to the pan owner when he loses, misplaces or damages the rd. People tend to expose important documents to various dangers on a daily basis and then wonder how to get it back. The Department of Income Tax made it very easy to get a duplicate PAN card. Let's see how it's done. 2. How to get a duplicate PAN card? It's very easy and easy to get a duplicate of MAP PAN. The application can be submitted to the official website, i.e. TIN-NSDL, or, if in paper form, it must be addressed to the services department of PAN NSDL. Online application of card duplicates saves a lot of time as well as costs. Let's see how this can be done online: a. Visit TIN-NSDL and select the type of application as Changes or Correction of Existing PAN Data/ Reprinting MAP PAN (No changes to existing PAN data). (If your PAN card is lost, misplaced or stolen, you should go with reprinting your PAN card without changing any information.) B. Fill in information that is required and then send it. C. The token number will be generated and sent to your email address, which you provided on the previous page. Please note that the token number for future reference and continue filing. D. Now fill in the information you need on the Personal Data page along with the choice of how to submit your PAN application form. -
Employee Pensions in India
Employee pensions in India Current practices, challenges and prospects December 2015 KPMG.com/in © 2015 KPMG, an Indian Registered Partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. Table of contents Introduction An overview of employer pension plans in India Comparative analysis of EPF, NPS and SAF Factors impacting growth of employee pensions in India An international perspective on pension practices Survey results – KPMG in India’s Employer pension plans survey, 2015 Industry voices Conclusion © 2015 KPMG, an Indian Registered Partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. © 2015 KPMG, an Indian Registered Partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. Introduction The increasing life expectancy coupled with the gradual disappearance of the extended family system, makes it imperative for India to design a robust pension system to avoid impoverishment in old-age and accompanying social distress. The current scenario in India is marked by low and insufficient pension coverage. Timely and smart policy interventions, when a majority of the Indian population is still young, can help avert an impending pension crisis. It is important for all the key stakeholders such as the government, regulators, employees and employers to engage in a focused and constructive discussion to explore new ways to broaden and deepen pension coverage in India. -
Annual Report 2017 -18 of PFRDA
Annual Report 2017-18 This Report is in conformity with the format as per the Pension Fund Regulatory and Development Authority (Reports, Returns and Statements) Rules, 2015. 1 Annual Report 2017-18 3 4 Annual Report 2017-18 Table of Contents Statement of Goals and Objectives ......................................................................................................... 10 Objective ......................................................................................................................................................... 10 Vision ............................................................................................................................................................... 10 Chairman's Message .................................................................................................................................... 11 Members of the Board ................................................................................................................................. 13 Senior Management of the Authority ..................................................................................................... 14 Abbreviations................................................................................................................................................. 15 Part I Policies & Programmes.................................................................................................................................. 18 1.1 General Review of the Global Economic Scenario .................................................................... -
Instructions for Filling of Passport Application Form and Supplementary Form
INSTRUCTIONS FOR FILLING OF PASSPORT APPLICATION FORM AND SUPPLEMENTARY FORM CAUTION A passport is issued under the Passports Act, 1967. It is an offence punishable with imprisonment or fine or both, to furnish false information or suppress information, which attracts penal and other action under relevant provisions of Section 12 of the Passports Act, 1967. Passport is a very valuable document. Hence, all holders are required to take due care that it does not get damaged, mutilated or lost. Passports should not be sent out to any country by post/ courier. Loss of passport should be immediately reported to the nearest Police Station and to the Passport Office or Indian Mission, if abroad. Passport holder shall be responsible for misuse of passport, due to non-intimation of loss, to the concerned Passport Office/Indian Mission. Passport is a government property and should be surrendered when demanded in writing by any Passport Issuing Authority. This booklet is an abridged version of all the important instructions. In case of any doubt please visit our website www.passportindia.gov.in A. GENERAL INSTRUCTIONS – Please read these instructions carefully before filling the application form The Application Form consists of two forms, i.e., Passport Application Form and Supplementary Form. References for columns to be filled in the Supplementary Form have been given in the Passport Application Form, which has to be filled only if they are applicable to you, else leave them blank. This Passport Application Form and Supplementary Form, issued by the Government of India, is machine-readable. It will be scanned by Intelligent Character Recognition (ICR) enabled scanners. -
National Pension System
Ver 1.1 NRSF NATIONAL PENSION SYSTEM (NPS) SUBSCRIBER REGISTRATION FORM FOR NON RESIDENT INDIAN (NRI) Affix Select your Central Recordkeeping Karvy Computershare NSDL e-Governance recent colour ü Agency (CRA) [ Please tick( ) ] Pvt. Ltd. Infrastructure Ltd. photograph of 3.5 cm × 2.5 cm size / To, Passport size National Pension System Trust. Dear Sir/Madam, I hereby request that an NPS account be opened in my name as per the particulars given below: * indicates mandatory fields. Please fill the form in English and BLOCK letters with black ink pen. (Refer general guidelines at instructions page) KYC Number (if applicable) Generated from Central KYC Registry Retirement Adviser Code (If applicable) 1. PERSONAL DETAILS: (Please refer to Sr. No.1 of the instructions) Name of Applicant in full Shri Smt. Kumari First Name* Middle Name Last Name Subscriber’s Maiden Name (if any) Father's Name* F i r s t M i d d l e L a s t (Refer Sr. No. 1 of instructions) Mother’s Name* F i r s t M i d d l e L a s t (Refer Sr. No. 1 of instructions) Father’s name will be printed on PRAN card. In case, mother’s name to be printed instead of father’s name [ Please tick (√) ] Date of Birth* d d / m m / y y y y (Date of Birth should be supported by relevant documentary proof) City of Birth* Country of Birth* Gender* [ Please tick (√) ] Male Female Others Nationality* In-Indian Marital Status* Married Unmarried Others Spouse Name* F i r s t M i d d l e L a s t (Refer Sr. -
National Pension System (NPS) – Secure Your Future by Investing in NPS and Enjoy Attractive TAX Benefits Over and Above Section 80C Limit
National Pension System (NPS) – Secure your Future by investing in NPS and enjoy attractive TAX benefits over and above section 80C limit Information on NPS for Corporate Employees For more information on NPS, please visit: - https://www.npscra.nsdl.co.in/ - Click > Corporate Sector 1 Index S.No. Topic Page No 1 About NPS 3 2 NPS account 3-4 3 Tax benefits under NPS Corporate Sector Model 4 4 Contribution Towards NPS 4-6 5 Non-Fulfilment of required contribution criteria and implication 6-7 6 Investment of Funds under NPS 7-11 7 Distribution of Scheme 11 8 Back office Management 11 9 Fund Management 11 10 Annuity Service 11 11 Channelization of Funds 12 12 Process of Joining & Exiting NPS 12-15 13 Partial Withdrawal from NPS Account 15 14 Exit from NPS (Closure of NPS account) 15-16 15 Investment in Annuity 16 16 Death Proceedings 17 17 To view NPS account balance/ Statement of Transaction. 17 19 Query resolution process, TAT for various processes & escalation matrix 18 2 About NPS 1. What is NPS? National Pension System (NPS) is an investment cum pension scheme initiated by Government of India to provide old age security and pension of all citizen of India. The NPS was rolled out for all citizens of India on May 01, 2009. The Scheme is regulated by Pension Fund Regulatory and Development Authority (PFRDA). 2. What is NPS Corporate Model? NPS Corporate Model was launched by the regulator to facilitate Employees working with various organizations to on-board NPS through their Employer – Employee relationship. -
Government of India National Pension System
National Pension System (NPS) is a contributory pension system (iii) From F.Y. 2015-16, subscriber is being allowed tax deduction (quarterly alert), Withdrawal. b) Email alerts on: Subscriber whereby contributions from subscribers along with matching in addition to the deduction allowed under Sec. 80CCD(1) for registration, Credit/Debit of units in the subscriber account, contributions from respective governments as an employer, are contribution in his NPS account subject to maximum of Rs. Change in subscriber details, nomination details and any other collected and accumulated in an individual pension account of the 50,000/- under Sec. 80CCD 1(B). At present, At the time of exit, activity related to subscriber details, Grievance log & Resolution, employee. NPS uses a system of Government/ Autonomous the amount utilized for purchase of annuity is tax exempted. From Withdrawal. c) Centralized Grievance Management System st Bodies’ Nodal offices, a Central Recordkeeping Agency (CRA) and 1 April, 2016, 40% of the total accumulated corpus under NPS (CGMS) with a pre- determined turnaround time for resolution of designated Pension Funds (PFs), as specified by the respective has been made tax free. grievances related to different services. d) Periodic consolidated regulations to achieve synergy and maximum efficiency in Safety: Regulated by the Pension Fund Regulatory & SOT (Statement of Transactions). e) Subscriber operations. Development Authority (PFRDA) and introduced by the awareness programmes at various locations and centers. f) Government of India & respective states. Subscriber can update his/her mobile no & email id by login in NPS is mandatory to all employees joining services of Central Transparency: Through online access to your pension account CRA system through his I-Pin. -
National Pension System (NPS) : Govt. Sector Sr
National Pension System (NPS) : Govt. Sector Sr. No. Question Answer 1 What is the role of PFRDA? As per PFRDA Act 2013, PFRDA is a Regulatory Authority to promote old age income security by establishing, regulating and developing pension funds, to protect the interest of subscribers to schemes of pension funds and for matters connected therewith or incidental thereto. 2 What is National Pension System? “National Pension System” (NPS) means the contributory pension system referred to in section 20 of PFRDA Act whereby contributions from a employee/subscriber are collected and accumulated in an individual pension account called PRAN using a system of Govt. nodal offices, central recordkeeping agencies and pension funds as may be specified by regulations and on exit such collected amounts are paid along with returns thereon, partly in lump-sum to the employee-subscriber and partly (at least 40% of the accumulated amount) as annuities/ periodic pension through the Annuity Service Providers which are life insurance companies. The Central Government has introduced the Defined Contribution based Pension System known as the National Pension System (NPS) replacing the system of Defined Benefit Pension with effect from January 01, 2004 vide the Ministry of Finance (Department of Economic Affairs) notification No 5/7/2003 PR dated 22/12/2003. All State Governments (except Tamilnadu, Tripura & West Bengal) have also implemented NPS for their employees/ employees of the State Autonomous Bodies from the specified dates, mentioned in their respective notifications. 3 Who are covered by the NPS? NPS is applicable to all employees joining services of Central Government including Central Autonomous Bodies (except Armed Forces) on or after 1st January 2004.