On 24th Jan’25, the central govt. notifies the Unified Pension scheme option for government staff covered by NPS. The union cabinet had first approved the Unified Pension Scheme (UPS) On 24th August 2024. Till now, there were 2 options of pension – Old Pension Scheme (OPS) and New Pension Scheme (NPS), but now we haveContinue reading “Unified Pension Scheme (UPS) pension benefits, DA, DR details”
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NPS (New pension scheme) vs NPS Vatsalya
New pension scheme (NPS) is a pension scheme launched by Govt. of India in 2004. In the NPS, any person can contribute some amount annually up to 70 years, then he or she will receive monthly pension after retirement. It is a very popular market-based scheme among working employees, businessmen and others. And NPS VatsalyaContinue reading “NPS (New pension scheme) vs NPS Vatsalya”