Skip to main content

NPS ,BANKING, ATM CARD , PENTION RELATED NEWS REPORT

The Government of India decided to roll out the Voluntary National Pension System (NPS) for all citizens from 01 May 2009. PFRDA is identified as Nodal Authority to manage NPS operations. PFRDA appointed Department of Posts as one of the Point Of Presence (POP). Department of Posts is providing services through POP Service Providers (POP SPs). All Head Post Offices in India are identified as POP SPs.
With the inputs given by you, you will get the corpus that will be accumulated by you at the time of your retirement.
National Pension System (NPS) is a government sponsored pension scheme. It is a contribution based scheme where the amount of pension to be received by you in the future depends on the amount of corpus accumulated at the time of scheme’s maturity.

Join Our Whats app Group :- Click Here

Join Our Telegram Channel :- Click Here

The NPS calculator will show you the amount of corpus that will be accumulated by you at the time of maturity and approximate amount of monthly pension to be received by you.

The amount of corpus accumulated by the time you retire will depend on your investment amount and returns generated.

Who can use NPS calculator?
NPS calculator can be used by anyone who is eligible to invest in the scheme. As per the NPS rules, any Indian citizen between the ages of 18 years and 60 years can invest in the scheme. The person will require complying with know-your-customer (KYC) norms to start the investing in the scheme.

How to use this calculator
To know how much corpus will be accumulated by you, the calculator will require the following details:
a) Your current age and the age you wish to retire
b) Amount that will be invested by you every month
c) Returns that you expect to earn from your NPS investment
d) Annuity period, i.e., number of years over which you wish to receive the monthly pension in the post retirement years. You are required to mention this number in years.
e) The percentage of pension wealth invested in the annuity plan means the percent of accumulated corpus you will use to buy a pension plan. This cannot be below 40 percent if you withdraw at 60 years or more. If you withdraw before 60 years, it cannot be below 80 percent.
f) Expected rate of interest on the annuity investment is the returns that you expect to earn from your annuity (pension) during the post-retirement period.
A bank is a financial institution that accepts deposits from the public and creates credit.[1] Lending activities can be performed either directly or indirectly through capital markets. Due to their importance in the financial stability of a country, banks are highly regulated in most countries. Most nations have institutionalized a system known as fractional reserve banking under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, known as the Basel Accords.

Banking in its modern sense evolved in the 14th century in the prosperous cities of Renaissance Italy but in many ways was a continuation of ideas and concepts of credit  and lending that had their roots in the ancient world. In the history of banking, a number of banking dynasties – notably, the Medicis, the Fuggers, the Welsers, the Berenbergs, and the Rothschilds – have played a central role over many centuries. The oldest existing retail bank is Banca Monte dei Paschi di Siena, while the oldest existing merchant bank is Berenberg Bank.
source news 18
click here to read report


Comments

Popular posts from this blog

Std-10 NCERT New Maths-Science Textbook (Gujarati Medium) Download

Std-10 NCERT New Maths-Science Textbook (Gujarati Medium) Download
As per new course Std.-5-12’s textbooks formation, translation and distribution
In June 2004 Std. 8 & 11
In June 2005 Std. 9 & 12
In June 2006 Std. 10
In June 2007 Std. 5 & 6
In June 2008 Std. 7
In June 2008 Std. 8 for English Subject book for supplementary reading
In June 2009 Std. 9 for English Subject book for supplementary reading
In June 2009 Std. 10 for English Subject book for supplementary reading
In June 2008 Std. 8 (Prathama-I) textbooks for Sanskrit Pathshala
In June 2009 Std. 9 (Prathama-I) textbooks for Sanskrit Pathshala
In June 2010 Std. 10 (Prathama-I) textbooks for Sanskrit Pathshala
From June 2008, Std. 11 Computer Introducing textbook(with all streams )
Std. 8 Yog, Health and Physical Education
From June 2009,Std. 12 Computer Introducing textbook(with all streams )
Std. 9 & 10 Yog, Health and Physical Education
Std. 8-12 Science Subjects experiment books formation, translation and dis…

Maths NCERT TExt Book Gujarati medium Pdf download

Maths NCERT TExt Book Gujarati medium Pdf downloadOwing to the importance of studying NCERT books to achieve success in exams, we are presenting here the NCERT Book for CBSE Class 10 Mathematics subject. Students must download all the chapters of Maths NCERT Book to go through for the preparation of class 10 Board Exam 2019.If you find Mathematics as a complex and difficult subject, then NCERT books are the best to break this complexity as this book explains the core concepts through various examples. This book is developed in a way to cater the needs of all those students who are often stuck in the reasoning behind certain concepts. It helps to understand the applications of different concepts in different situations.Considering the importance of studying NCERT books to achieve success in exams, we are presenting here NCERT Class 10 Maths Book which students can download in PDF format.Solving the NCERT questions helps toclear all the concepts learned in a chapter.
familiarise with di…

Dainik Gujarati Rashi Bhavishaya

Dainik Gujarati Rashi Bhavishaya 
A newspaper is a serial publication containing news about current events, other informative articles about politics, sports, arts, and so on, and advertising. A newspaper is usually, but not exclusively, printed on relatively inexpensive, low-grade paper such as newsprint. The journalism organizations that publish newspapers are themselves often metonymically called newspapers.
Join Our Whats app Group :- Click Here
Join Our Telegram Channel :- Click Here
Newspapers developed in the 19th century, as information sheets for businessmen. By the early 19th century, many cities in Europe, as well as North and South America, published newspapers. As of 2018, most newspapers are now published online as well as in print. The online versions are called online newspapers or news websites.
A wide variety of material is published in newspapers, including opinion columns, weather forecasts, reviews of local services, obituaries, birth notices, crosswords, editorial car…