What is New pension Scheme Swavlamban scheme?

by admin on December 13, 2010

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Heard in budget speech about NPS, what is it?



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marketbulls December 12, 2010 at 11:52 pm

NPS Swavlamban is a scheme in which govt. will contribute Rs 1000 per year if you open a pension account and contribute Rs 6000 to rs 12000 annually.

This scheme is open to all citizens of india. For more details kindly follow the links below

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Pranav December 12, 2010 at 11:52 pm

Hi Anunay,

New Pension Scheme is a pension scheme offered by GOI to all indian citizens. To promote this scheme with low income citizen’s government has made Rs. 100 crore allocations during current budget for those who:

1. open account in current financial year and
2. will invest up to Rs. 12,000 per year in to it.

For them, GOI would invest Rs. 1,000 in their NPS account for next three years.

You can check link below, to know more about it.

However note that, in this scheme returns re not guaranteed and investment risk is borne by investor.

Thanks and Regards,

Pranav

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