New Delhi, May 22 (IANS) State Bank of India (SBI) on Friday announced that the two-day nationwide strike proposed by the All India State Bank of India Staff Federation (AISBISF) for May 25 and 26 has been deferred following discussions between employee representatives and the bank’s management, ensuring uninterrupted banking operations across the country.In a customer advisory, the country’s largest public sector bank informed customers that all branches and banking services would function norm…
Latest National Pension System News & Updates
Shillong, May 21 (IANS) Meghalaya Chief Minister Conrad K. Sangma on Thursday stressed the need for outcome-oriented, technology-driven and citizen-centric policing, saying that the real measure of success for the police force lies not in recruitment numbers or infrastructure expansion, but in improved public safety and reduction in crime. Addressing the Senior Superintendents of Police and Commandants of Police (SSP–COs) Conference 2026 at the Tree House in West Garo Hills district, Chief Min…
New Delhi, May 18 (IANS) Pension Fund Regulatory and Development Authority (PFRDA) has unveiled a major overhaul of post‑retirement options under India’s National Pension System (NPS), allowing retirees to take periodic payouts from the withdrawable portion of their corpus.The new framework introduces a drawdown facility that lets subscribers opt for monthly, quarterly or annual payouts from the lump‑sum portion retained under NPS.These withdrawals will run alongside the mandatory annuity in…
New Delhi, May 7 (IANS) India’s retirement system has significantly expanded with Assets Under Management reaching Rs 15.95 lakh crore under the National Pension System and Rs 51,400 crore under the Atal Pension Yojana, the government said on Thursday. NPS enrolments have exceeded 2.17 crore subscribers and APY reached 8.96 crore enrolments, reflecting strong and sustained growth in India’s pension landscape, an official statement said.The Employees’ Pension Scheme has also demonstrated robu…
A practical guide for NRIs in the US comparing 401(k) and India’s NPS pension scheme — covering eligibility, US tax treatment, FBAR/FATCA rules, DTAA benefits, and who should invest in what.
Bhopal, Feb 10 (IANS) The Madhya Pradesh Cabinet meeting, chaired by Chief Minister Mohan Yadav, was held at the Secretariat on Tuesday. The Council of Ministers approved the Madhya Pradesh Civil Services (Pension) Rules, 2026, and the Madhya Pradesh Civil Services (Commutation of Pension) Rules, 2026. The Finance Department has been authorised to publish the rules as approved.The proposed rules simplify procedures and jurisdictions, which will facilitate pensioners. Related cases can be resolve…
New Delhi, Jan 13 (IANS) The Pension Fund Regulatory and Development Authority (PFRDA) has constituted a high-level committee to formulate guidelines and regulations to enable a framework for assured payouts under the National Pension System (NPS).This move aligns with the provisions of the PFRDA Act and aims to enhance the security of retirement income for subscribers, according to a Finance Ministry statement issued on Tuesday.The committee will be chaired by Dr M.S. Sahoo, Founder of Dr Sahoo…