Pension scheme: NPS means National Pension System is preparing minimum guarantee product. On the suggestion of PFRDA Pension Advisory Committee, the option of minimum guarantee return will be given to the customers, but for this they will have to pay more money.
Pension scheme: NPS means National Pension System is preparing minimum guarantee product. On the suggestion of PFRDA Pension Advisory Committee, the option of minimum guarantee return will be given to the customers, but for this they will have to pay more money.
If you invest in NPS or have an investment plan in it, then this news is for you. Minimum guarantee product is being prepared in NPS. So that customers can get guaranteed minimum returns. Right now the returns depends on the market conditions. In fact, the option of minimum return guarantee will be given to the customers on the suggestion of the Pension Advisory Committee of PFRDA.
Minimum floating guarantee product
According to Supratim Bandopadhyay, Chairman of PFRDA, Pension Fund Regulatory and Development Authority, the minimum floating guarantee products in NPS will be offered to customers. But they will have to pay more for this for minimum guarantee than normal NPS. But the special thing is that after investing in it, there will be no option to withdraw money withdrawal for 5 to 10 years.
Minimum returns will be guaranteed
PFRDA has said that such products will get minimum returns. Investors will not be able to withdraw money immediately in a minimum floating guarantee product. Regarding this, RFP i.e. request for proposal can be issued by NPS soon. It is being said that a guaranteed return of 4 per cent will be guaranteed in such a pension. At the same time, some new products can also be launched to attract customers.
