For those who are looking for rules of nps for government employees 1) First of all u can't select individual fund manager for each asset class. But now u can select from a bigger options of fund managers apart from the government ones 2) still there is a cap of 50% Max for equity class 3) if u want to select only one assest class for yourself than u can select only government security for 100% allocation.
Great video. Looks like scheme change is still not allowed for corporate NPS subscribers. I tried doing it after watching the video. I am with HDFC for all 4 schemes under Tier 1(E,C,G,A)
@@SubhasishSahoo78Sir, what company you work for ? I thought corporate NPS was applicable to only PSUs & PSBs as EPF is the default in private sector.
Certain corporates require to have single scheme as the corporate contribution goes to the designated POP. You may check with your Payroll/HR about the scheme change before updating yourself as it may failed subsequent contribution from your employer.
Very informative video 👍 18% GST on contribution charges should be removed or at least reduced to 5%. It might seem like a small amount, but in course of decades it adds up.
If one removes 100% of pension funds, then the purpose of receiving monthly Pension after retirement fails. The purpose of 40% lock-in is that you have lifetime recurring income.
@@krishnaavinash1284 I was referring to the possibility of investing in treasury bills instead of annuity. The annuity companies invest the pension funds in bonds and they deduct their commissions from the returns. This is why the annuity returns are so low. Hence why not give subscribers the choice of directly investing in bonds instead of annuity. This way the middlemen ( pension fund companies) can be avoided.
This is a great video, thank you Shankar!!! From your video I learned that NRIs can invest in NPS, which is awesome. I was wondering or would like to request for a video that talks about investing options for NRIs without a demat account. Thank you again!
Clear Video Shankar Bro, Thanks again! I am NOT in NPS, instead i added more in PPF and i am already in the equity market through SIP in LC and Index funds. Except for the taxation benefit and the tax free withdrawal, do you see its wise to invest in NPS. I am little confused now.
Sir I've subscribed to Atal pension yojna when I was in college, currently I'm doing the job so just confused If I can opt for NPS aswell and will I get benefit of both the scheme at the end or need to select any one
Very good video Shankar. Another very good feature is dremit. Not sure if you covered it in the first video. So basically you can automate a SIP in NPS and chill out. Slightly complex to get started, but once done very easy to manage, increase and decrease contribution. It will be great if you can cover succession and the options that investor's family can use.
sir i am jk govt employee under NPS but we are not given the option of choosing fund manger and equity exposure option... please tell how can we do that
I am in my age of 36 and last year I paid around 5K per month and this month I have increased it to 10%. I am going to continue increase the percentage. I hope I'll get the huge amount in the end.
Tier 2 taxation is unclear. This link here .. npstrust.org.in/activate-tier-ii .. says: No tax rebates/special treatment is available for the gains arising out of investment in NPS Tier-II. You will be liable for taxation as per the marginal tax rate applicable to you
THANKS for all explanation. only one query is - my age is 44 if i start investing 5000/-p.m. and retirement age is 60yrs, (investment for 16 yrs) HOW MANY YEARS I WILL GET PENSION (I mean till im alive or i can choose 5 yr (ie- till im 65 yrs old) 10 yr -i will be 70 yrs old-- or ? 40% corpus i will receive till i am alive (may be 67 yrs or 85 yrs---) KINDLY TELL ME HGOW MANY YEARS I WILL RECEIVE THE PENSION -
Hello, the pension will depend on a) the SLW options you choose (i.e. frequency & amount) for the 60% amount and b) the annuity option you choose for the 40% amount (again - type of annuity, deferred vs immediate, frequency, return of price etc.). You can structure the annuity part to receive pension your entire life. You'll have to talk to you life insurance agent for this when you are approaching 60 years.
Does it makes sense to invest in NPS tier-2 account, thinking of it a low cost mutual fund for short term goals.? I was thinking I'll park some extra money in it, apart from my current mutual funds investments of course. I get 80 CCD(2) deduction on my tier-1 contribution. At this point, I'm not sure about contributing more in tier -1. I was thinking I'll put the extra money in tier-2 account and if I decide to increase allocation to tier-1 I'll move that money to tier-1. If i decide otherwise, I can withdraw that money anyways or let it earn returns in tier-2 account.
Tier 1 up to 50k make some sense because already 30% recovered as tax benefit. Annuity rates are expected to increase going forward as it has increased in 5 to 6 years.
Thanks! Different life insurers have different rules around annuities in terms of entry age, exit age, type of annuity, minimum investment etc.. Pls try out a couple of insurers like HDFC Life, ICICI Prudential, LIC etc. to see what they have to offer.
Sir last year nps equity returns are good but my fund is showing low returns and also it is not showing returns separately for equity and other government and corporate bond returns how to find for my particular account
Thank you for this informative video. I have one query. Is it possible to exit from NPS and withdraw the amount before 60 years. What are the conditions?
Hi Shankar, Thanks for the quick glimpse of NPS changes. With all these changes, Is it worth to switch from existing EPFO contribution to NPS now thru my company?
Hi Mukesh - EPFO isn't bad. I mean, its 8.25% now .. even if we average it to 7.5% over the long run, this is 7.5% tax free. At your 30% tax slab, this comes to 10.7% pre-tax. You'll have to examine it in that basis. Prima facie, I feel NPS should be additional and not a replacement for EPF. What do you say?
True...but even for government NPS subscribers limit is capped at 50% allocation for equity.....which is 'curse in disguise' for those who are interested in having greater allocation to equities. Hope PFRDA look into this
For people like us who understands market it's a curse but for most of the government employees who have no idea about market will start doing 100 % equity allocation and this bill market is not going to last for ever. So, it's a check ,so that their future can be saved.
I am a government employee.. i tried to change the PFM for E and G but i couldn't. It changes pfm for all in one go .. i cant choose different pfm for different classes.
@@jishnu18 I also thought the same. Since it’s yield (XIRR) is much much much lower than what I am getting in my mutual portfolio so I thought of using it to buy property as it may not compound as fast. Thanks.
May I request you to go through the NPS rules and let me know which provision you are referring to. I haven't heard any term related to "early retirement" in NPS.
@@shankarnath I meant early exit. npscra.nsdl.co.in/nps-exit/#:~:text=Premature%20Exit%20%2F%20Voluntary%20Retirement,-(Exit%20before%2060&text=%E2%82%B9%202.5%20Lakh.-,If%20the%20corpus%20more%20than%20%E2%82%B9%202.5%20Lakh%2C%20at%20least,lump%20sum%20to%20the%20Subscriber.
Hey Shankar, nice video. Can you make a video on this "Will The Stock Market Actually Pay My Rent? " If its possible what kind of stocks and investment strategy is needed for a place in Bengaluru
The steps are given in this article .. pls have a look: economictimes.indiatimes.com/wealth/invest/nps-subscribers-can-view-nps-statement-in-consolidated-account-statement-how-to-use/articleshow/102719563.cms?from=mdr
Hi sir, i have been in nps for last 1 year. What is the procedure for pre-mature exit from nps tier 1 completely... Can i do it now or is there any lock-in period...
@@shankarnath Thanks for the reply Sir... Also wanted to suggest about overlapping between NPS and Mutual fund investing.. specially large cap category.
I hv eNPS with Karvy directly (both as PoP & PoPSP) since long back. But now I want my employer to also contribute to NPS for 80ccd(2) deduction. However for this my company is saying I need to have popsp as HDFC Bank (irrespective of Karvy/NSDL backend). How to make these change?
You missed the fact that now we have have different fund managers for equity, corporate and government funds. So we are not struck with same PFM in all three sectors.
Oh, the chapter on "Different Pension Fund Managers Per Asset Class" from 01:16 addresses this very point. Can you please share your suggestions on how I could have delivered this part better?
@@shankarnath Oof Not sure how I missed it. It's perfect!! I must have dozed off during the chapter. If you still want improvement you can still add a point for choosing a fund manager for Assets class- A which should be from one of the 3 PFM chosen from E,C,G. Thanks for the great content.
That's the exact reason why I am still out of NPS. Me being a private employee, I am still biased towards investing 50k at 30% tax in MF rather than opting for 50k in NPS. Any suggestions are welcome.
@@AkashSingh-yp8iphope you have done a profit and loss analysis. 50K in NPS means you are saving 15K upfront from income tax. So NPS is anyways 15K ahead. You should compare returns between 35K in MF to 50K in NPS if it’s just returns Comparison. Just a thought 😊
Pls read the steps in this article: economictimes.indiatimes.com/wealth/invest/nps-subscribers-can-view-nps-statement-in-consolidated-account-statement-how-to-use/articleshow/102719563.cms?from=mdr If this doesn't help, please connect with Protean's customer service
Pls take help of ET Money on the same. Additionally, you might want to read more on withdrawal rules before connecting with them. Some of it is available in my previous NPS video: ua-cam.com/video/PQt61PeiI10/v-deo.html
Yes you can. I have done it 2 years back. I am a central govt employee. But the issue is we are not allowed active choice with equity allocation. Only auto choice with 25 percent or 50 percent in equity. Please check and confirm
For those who are looking for rules of nps for government employees 1) First of all u can't select individual fund manager for each asset class. But now u can select from a bigger options of fund managers apart from the government ones 2) still there is a cap of 50% Max for equity class 3) u can select only government security for 100% allocation.@@shankarnath
One request sir :-- Is it possible to make a video on growing money for creating Neo-Banks like PayTM PaymentBank, Airtel Payment or German equivalent N26 and Revolut? Assuming that the requirements are fixed for 10 yrs down the line.
@@shankarnath For startup ecosystems or family businesses to flourish, instead of FinTech companies going for VC and other funding agencies, we can raise our own money for such purposes. Such companies can actually develop from their own money. Payment banks r the need of the indian households in contemporary times as financial literacy can be taught to children and investment ideology can be created.
This seems like a question that an investment banker can answer for you. Apologies, I've never worked in B2B/institutional frameworks so don't have anything to contribute here. If I find something, I'll circle back.
You might be able to, some conditions are there. For some details, watch this video (the section on "NPS Withdrawal Rules") : ua-cam.com/video/PQt61PeiI10/v-deo.html
I've just started reading it .. it's very well written .. very fact based. Main kya ispe content share karunga :) .. Dhruv Rathee, Soch, Sham Sharma, Abhi Niyu and others would have already made powerful videos on it -- from it's history 5000 years ago to the recent Pran Pratishtha ceremony
I don't know as I don't invest in Unlisted shares myself. You can talk to people who have purchased something from platforms like Sharescart and Precize for a better understanding of this
Hello sir I hv opened my nps account online And transferred some to it . Next time wn I wananted to pay through third party the amount is not credited to my account as it was time out .the money is no returned send bank or my nps account. We're to contact kindly help me.
You can file a grievance with the Pension Fund Regulatory and Development Authority (PFRDA) by emailing grc@pfrda.org.in or visiting the Grievance Redressal Cell at 1st Floor, ICADR Building, Vasant Kunj Institutional Area Phase II, New Delhi 110070. You can also contact the PFRDA at 011-26517501, 011-26517503, or 011-26517097 More specifics are available here: npscra.nsdl.co.in/faq-grievance.php
Thank you so much Shankar sir, wonderful video on all updates regarding the NPS. I would like to get your view on a larger NPS question please. Say a fresh graduate at age 24 starts investing in NPS and retires at 58. This person now needs to withdraw the 60% as a part of their retirement corpus. As per current Income tax limits, most of us have utilized the 80C limit of 1.5L in various other savings instruments like PF, PPF, ELSS funds etc and are left with just 50k per year on NPS. So from age 24 to 58, that is 34 years so just 17 lakh (as per current limits on 80 DD). Even if we assume a quadrupling of the returns by age 58, this amounts to just 68 lakhs. And per latest update, 27.2 lakh will have to be spent into an annuity so the person will be eligible for just 40.8 lakh as lumpsum. Isn't that too little after 34 years? One might say what stops us from using the additional 1.5 lakh in tier 2 account if we have the spare money, but is it not more advisable to then put this money in Mutual funds over NPS so that, in case of any emergency, we are able to access this fund. I feel the tax component of the monthly pension on the 40% annuity of NPS has made it a much less attractive product than in previous circumstances. Looking forward to your response and thank you for your patience while reading my response.
This is related to Systematic Withdrawal. In case of mutual funds, If I withdraw each month under SWP, rest of the amount will be linked to fund performance. By that, I mean that if the fund is giving an XIRR as 10%, the rest of the amount will grow @10% But I am not sure about the same in case of NPS. There is no mention about how this 60% amount will be treated in case on SWP. Hope it will not be a case where this amount will get a interest equal to bank fixed deposit or no interest at all.
SBI AMC is not same as SBI bank. There's nothing called security here. The only security if you invest 100% in govt bonds. Then you will get same return as PPF. Anything more than that is not secured by anyone.
The lock in period for tax free lumpsum withdrawal age needs to be revisited and brought on par with EPF ie to 55 years at least . ESP for corporate employees whose retirement age is much lesser than a govt employee. Also an optional annuity. 40pc annuity amount to be liquidated with tax if an individual doesnt want annuity.As most invest small amt in NPS for 80C, the annuity amount is meaningless
MY xirr in NPS is 16%. Also there is an additional tax benefit of 50000 for NPS. Problem with Government employees is that they can't choose the fund manager. It perfectly make sense for private employees to have NPS account.
![[UA] NAVI vs MOUZ | BO5 | IEM Rio 2024](http://i.ytimg.com/vi/CMBYk0cbGoA/mqdefault.jpg)
For those who are looking for rules of nps for government employees
1) First of all u can't select individual fund manager for each asset class. But now u can select from a bigger options of fund managers apart from the government ones
2) still there is a cap of 50% Max for equity class
3) if u want to select only one assest class for yourself than u can select only government security for 100% allocation.
Was looking for this. Thank you
So low risk and low return
Is this applicable to public sector bank employees as well?
No change for government employees
How much is your Xirr?
Great video. Looks like scheme change is still not allowed for corporate NPS subscribers. I tried doing it after watching the video. I am with HDFC for all 4 schemes under Tier 1(E,C,G,A)
I’m also a corporate subscriber, I changed the schemes just 2 days back.
@@suggalasravan Thanks, let me try again
@@SubhasishSahoo78Sir, what company you work for ? I thought corporate NPS was applicable to only PSUs & PSBs as EPF is the default in private sector.
Certain corporates require to have single scheme as the corporate contribution goes to the designated POP. You may check with your Payroll/HR about the scheme change before updating yourself as it may failed subsequent contribution from your employer.
its there for a long time, i have done first time two years back
Very informative video 👍
18% GST on contribution charges should be removed or at least reduced to 5%.
It might seem like a small amount, but in course of decades it adds up.
Thanks
Please transfer through D-Remit option to avoid transaction charges and GST
@@cmugunthanhow?
Once SLW is introduced, why still mandatory 40% annuity is needed? SLW limit should be increased to 100%.
If one removes 100% of pension funds, then the purpose of receiving monthly Pension after retirement fails. The purpose of 40% lock-in is that you have lifetime recurring income.
can we use 100% money for monthly pension only
@@Buddha420ii yep, that's the purpose. Why there is a confusion that you can't use 100% towards monthly pension.
@@Buddha420ii yes
1. The annuity scheme need to be made optional as all annuity providers have been offering low interest rates (
Absolutely right. We are bound by rules and it's exactly 6% annually on your annuity amount.
Government bonds option is there right which will indirectly invest in t bills ?
@@krishnaavinash1284 I was referring to the possibility of investing in treasury bills instead of annuity. The annuity companies invest the pension funds in bonds and they deduct their commissions from the returns. This is why the annuity returns are so low. Hence why not give subscribers the choice of directly investing in bonds instead of annuity. This way the middlemen ( pension fund companies) can be avoided.
@@krishnaavinash1284Government bond option in place of annuity.
Current yields are more than 7% in annuity schemes
Thanks for consolidating all the recent updates in NPS
Most welcome!
For govt employees, allowing one PFM for all asset classes. Don't know why
Very good effort shankar ji😊
Best UA-cam person ❤
Thank you so much 😀
Very Informative. Loved the details shared. Thank you :)
Glad it was helpful!
Very good information!! I am generally aware of NPS..BUT these finer points are not known to me
Glad you found it useful.
Surprised by the many new updates. Appreciate the highly useful video.
Happy to help!
Valuable information you have provided. every time its pleasure to watch your video.
Thank you so much Vishal. I am glad you liked it.
Where to select with rop option in enps
This is a great video, thank you Shankar!!! From your video I learned that NRIs can invest in NPS, which is awesome. I was wondering or would like to request for a video that talks about investing options for NRIs without a demat account. Thank you again!
I'm glad it helped Arindam. And thanks for the suggestion! NRIs can invest in mutual funds.
Thanks for sharing a very good video and for the efforts you put into this nice presentation.
Glad you enjoyed it!
Useful info presented well. Kudos
Thanks a lot
Extremely informative video. Thanks for sharing your wisdom, Shankar Sir.
My pleasure. I'm glad you liked it
Thanks a lot for the detailed info
My pleasure
thank you for the detailed informative video
Glad it was helpful!
Clear Video Shankar Bro, Thanks again! I am NOT in NPS, instead i added more in PPF and i am already in the equity market through SIP in LC and Index funds. Except for the taxation benefit and the tax free withdrawal, do you see its wise to invest in NPS. I am little confused now.
Very informative information on NPS thank you so much for bringing such high quality content.
You are most welcome!
Does the remaining 60% tax free corpus continue to grow while doing simultaneous systematic withdrawal? I saw one influencer saying otherwise
Pls read the PDF I referred to in the video for details. Link is in the description
@@shankarnath thank you
Very informative
Thank you!
Sir I've subscribed to Atal pension yojna when I was in college, currently I'm doing the job so just confused If I can opt for NPS aswell and will I get benefit of both the scheme at the end or need to select any one
Apologies, I have no idea on APY. You'll have to spend some time on the Internet to find this out.
Very good video Shankar.
Another very good feature is dremit. Not sure if you covered it in the first video. So basically you can automate a SIP in NPS and chill out. Slightly complex to get started, but once done very easy to manage, increase and decrease contribution.
It will be great if you can cover succession and the options that investor's family can use.
Thanks for the suggestion
you we right last time as OCI NPS invcestment is allowed after october 2023 and before that they were not
Thanks for letting me know
sir i am jk govt employee under NPS but we are not given the option of choosing fund manger and equity exposure option... please tell how can we do that
Sorry Mr. Sharma - I am not informed of govt. NPS rules. This video is from an all-citizen perspective.
NPS is good way to stay discipline on your financial goal. This can be considered one of the income source during your retirement
I am in my age of 36 and last year I paid around 5K per month and this month I have increased it to 10%. I am going to continue increase the percentage. I hope I'll get the huge amount in the end.
🙌
How is the taxation calculation done on tier 2 withdrawal
Tier 2 taxation is unclear. This link here .. npstrust.org.in/activate-tier-ii .. says: No tax rebates/special treatment is available for the gains arising out of investment in NPS Tier-II. You will be liable for taxation as per the marginal tax rate applicable to you
Hi Shankar. Can you please elaborate a little on premature withdrawal of Tier 1 NPS.
Sure. Pls watch the details in my previous video on NPS, I have separate section of withdrawals there. ua-cam.com/video/PQt61PeiI10/v-deo.html
How will the reallocation happen in case of Active choice from three different PFM for three asset classes?
Thank you Shankar...always a pleasure to hear u. Have u left ET money??
Most welcome
Hi , Can you please let me know if I have opted for NPS - can I opt for SWP at the age of 45?.. Is it possible. please answer
On gain their is a capital gain tax. If we got any lost in MF, is their any tax deduction in income tax ?
Pls learn more about tax loss harvesting. Here's a video: ua-cam.com/video/E_CKrnF4CtY/v-deo.html
Can we pause or hold nps investment for few months or years and again continue?
A minimum contribution is needed to be invested each year
THANKS for all explanation. only one query is - my age is 44 if i start investing 5000/-p.m. and retirement age is 60yrs, (investment for 16 yrs) HOW MANY YEARS I WILL GET PENSION (I mean till im alive or i can choose 5 yr (ie- till im 65 yrs old) 10 yr -i will be 70 yrs old-- or ? 40% corpus i will receive till i am alive (may be 67 yrs or 85 yrs---) KINDLY TELL ME HGOW MANY YEARS I WILL RECEIVE THE PENSION
-
Hello, the pension will depend on a) the SLW options you choose (i.e. frequency & amount) for the 60% amount and b) the annuity option you choose for the 40% amount (again - type of annuity, deferred vs immediate, frequency, return of price etc.). You can structure the annuity part to receive pension your entire life. You'll have to talk to you life insurance agent for this when you are approaching 60 years.
Thanks a lot for great video.
Can you please start your own ETF/Mutual fund/Smallcase?
Thanks for the suggestion
What's in it for government employees?
Does it makes sense to invest in NPS tier-2 account, thinking of it a low cost mutual fund for short term goals.? I was thinking I'll park some extra money in it, apart from my current mutual funds investments of course. I get 80 CCD(2) deduction on my tier-1 contribution. At this point, I'm not sure about contributing more in tier -1. I was thinking I'll put the extra money in tier-2 account and if I decide to increase allocation to tier-1 I'll move that money to tier-1. If i decide otherwise, I can withdraw that money anyways or let it earn returns in tier-2 account.
Tier 1 up to 50k make some sense because already 30% recovered as tax benefit. Annuity rates are expected to increase going forward as it has increased in 5 to 6 years.
Hi. Love your page. If someone retires at 40. Can he or she start annuity from that age. Or how to move forward in such cases. Pls help
Thanks! Different life insurers have different rules around annuities in terms of entry age, exit age, type of annuity, minimum investment etc.. Pls try out a couple of insurers like HDFC Life, ICICI Prudential, LIC etc. to see what they have to offer.
Sir last year nps equity returns are good but my fund is showing low returns and also it is not showing returns separately for equity and other government and corporate bond returns how to find for my particular account
I'm not sure, sorry!. Maybe you can connect with the customer service team of your intermediary to understand this part
At what age SLW can be done? Can I still withdraw systematically only after 60 years?
Kindly read the PDF document I referred to in the video for specifics like this. Link is in description
How to change nominee in nps?
Thank you for this informative video. I have one query. Is it possible to exit from NPS and withdraw the amount before 60 years. What are the conditions?
Most welcome. Yes, that can done. Pls watch the details in this video : ua-cam.com/video/PQt61PeiI10/v-deo.html
@@shankarnath Thank you.
Hi Shankar,
Thanks for the quick glimpse of NPS changes. With all these changes, Is it worth to switch from existing EPFO contribution to NPS now thru my company?
Hi Mukesh - EPFO isn't bad. I mean, its 8.25% now .. even if we average it to 7.5% over the long run, this is 7.5% tax free. At your 30% tax slab, this comes to 10.7% pre-tax. You'll have to examine it in that basis. Prima facie, I feel NPS should be additional and not a replacement for EPF. What do you say?
True...but even for government NPS subscribers limit is capped at 50% allocation for equity.....which is 'curse in disguise' for those who are interested in having greater allocation to equities.
Hope PFRDA look into this
Write to pfrda for allowing 75% in equity.....many people are writing hoping....changes in future
For people like us who understands market it's a curse but for most of the government employees who have no idea about market will start doing 100 % equity allocation and this bill market is not going to last for ever. So, it's a check ,so that their future can be saved.
I am a government employee.. i tried to change the PFM for E and G but i couldn't. It changes pfm for all in one go .. i cant choose different pfm for different classes.
No. Because it's fixed at LC 50 or LC 25 for us. I chose LC 50 with HDFC.
Do I have to pay capital gain tax if I use NPS tire 2 savings to buy a flat?
You'll have to check with a tax advisor on this
@@jishnu18 I also thought the same. Since it’s yield (XIRR) is much much much lower than what I am getting in my mutual portfolio so I thought of using it to buy property as it may not compound as fast. Thanks.
Thanks for information ❤
Most welcome
Could you do a video on effects of early retirement in NPS? can we retire at 45 years of age?
May I request you to go through the NPS rules and let me know which provision you are referring to. I haven't heard any term related to "early retirement" in NPS.
@@shankarnath I meant early exit. npscra.nsdl.co.in/nps-exit/#:~:text=Premature%20Exit%20%2F%20Voluntary%20Retirement,-(Exit%20before%2060&text=%E2%82%B9%202.5%20Lakh.-,If%20the%20corpus%20more%20than%20%E2%82%B9%202.5%20Lakh%2C%20at%20least,lump%20sum%20to%20the%20Subscriber.
Thanks for clarifying. This is already covered in a previous video. Link: ua-cam.com/video/PQt61PeiI10/v-deo.html
How to Switch from Auto Mode to Active Mode in NPS Application for Government Employees
Kindly present program on ETFs.
Thanks for the suggestion
Thanks Shankar. I want to know the tax liability while tire 2 withdrawal.
Most welcome. I have not come across anything concrete on tax with re: Tier 2, a tax advisor can help on that perhaps
Can we invest more than 50000 in NPS tier 1
What is the maximum amount per year we can invest in tier 1
Yes, you can invest more. Pls search for NPS FAQs on the internet for more details
Hey Shankar, nice video. Can you make a video on this "Will The Stock Market Actually Pay My Rent? " If its possible what kind of stocks and investment strategy is needed for a place in Bengaluru
Most welcome and thanks for the suggestion !
Last year March 2023 I subscribed for single annual lumsum premium. So will this year premium will be auto debited ?
Apologies, I can't answer that as it depends on what you signed up for last year. Pls check with the intermediary or nodal office for specifics.
@@shankarnath ok thanks
Unable to find the procedure or website where we can do this ::
05:19 4. Inclusion of NPS in Consolidated Account Statement
Kindly help
The steps are given in this article .. pls have a look: economictimes.indiatimes.com/wealth/invest/nps-subscribers-can-view-nps-statement-in-consolidated-account-statement-how-to-use/articleshow/102719563.cms?from=mdr
i am pera militry member. If the total value of pension after 20 years is Rs 30 lakh, then how much pension will be made?
Depending on your age. If it is nearing 50, it will be close to 25 K without repayment of 30L to you back
Sir, What is your view about arman financial services ? Please make a video on itm Thanks in advance
Thanks for the suggestion
Sir kya army person mein invest kar sakta hai
Sorry sir, no idea. Apko apne colleagues se poochna hoga
Hi sir, i have been in nps for last 1 year. What is the procedure for pre-mature exit from nps tier 1 completely... Can i do it now or is there any lock-in period...
Please watch the previous video on the process: ua-cam.com/video/PQt61PeiI10/v-deo.html
Hello Sir, really nice video. Can u pls prepare a video on MF portfolio. How to build a MF portfolio for long term wealth creation. Thank You.
Most welcome. I have a video on it, pls watch : ua-cam.com/video/bN5QdxY3RVs/v-deo.html
@@shankarnath Thank You sir for reply. Hope with this video I m able to learn and prepare my MF portfolio. Once again thank you 🙏
Thank you for such a informative video !!
Can you also make video on charges related with NPS ?
Or the best way to invest in NPS ?
Thanks for the suggestion
@@shankarnath Thanks for the reply Sir... Also wanted to suggest about overlapping between NPS and Mutual fund investing.. specially large cap category.
Any update on Tier 2 withdrawal taxation (as per slab or capital gains with indexation)????
Not yet
Can a government employees can change his equity exposure to 75% under tier 1 account.
No, I tried. But a government employee is only allowed till LC50. And I chose that one.
I hv eNPS with Karvy directly (both as PoP & PoPSP) since long back. But now I want my employer to also contribute to NPS for 80ccd(2) deduction. However for this my company is saying I need to have popsp as HDFC Bank (irrespective of Karvy/NSDL backend). How to make these change?
Submit Annexure UOS S5 at nearest HDFC Bank branch
You missed the fact that now we have have different fund managers for equity, corporate and government funds. So we are not struck with same PFM in all three sectors.
Oh, the chapter on "Different Pension Fund Managers Per Asset Class" from 01:16 addresses this very point. Can you please share your suggestions on how I could have delivered this part better?
@@shankarnath Oof Not sure how I missed it. It's perfect!! I must have dozed off during the chapter. If you still want improvement you can still add a point for choosing a fund manager for Assets class- A which should be from one of the 3 PFM chosen from E,C,G. Thanks for the great content.
@@sanketsinha2152 Thank you for your kind and valuable suggestion
Can a government employee allocate Equity to 75%?
No
I am a government employee nps returns are very low only 8% xrr while my mutual fund have 30-40% xrr
That's the exact reason why I am still out of NPS. Me being a private employee, I am still biased towards investing 50k at 30% tax in MF rather than opting for 50k in NPS. Any suggestions are welcome.
@@AkashSingh-yp8iphope you have done a profit and loss analysis. 50K in NPS means you are saving 15K upfront from income tax. So NPS is anyways 15K ahead. You should compare returns between 35K in MF to 50K in NPS if it’s just returns Comparison. Just a thought 😊
I already did that. Considering 12 &15% returns evry year they are PAR , hence its personal choice
Please also include 10% capital gain tax on profits of MF
I think may be for govt employee less percentage in equity
How to include my nps transactions in CAS? My CRA is protean and i couldnt find any option in the website to achieve the same...
Pls read the steps in this article: economictimes.indiatimes.com/wealth/invest/nps-subscribers-can-view-nps-statement-in-consolidated-account-statement-how-to-use/articleshow/102719563.cms?from=mdr
If this doesn't help, please connect with Protean's customer service
@@shankarnath It did help and just enabled the same. Thank u for ur proactive research!!
@@debangshubanerjee1311 Most welcome
Awesome, thanks a lot sir !!
Most welcome!
I have nps investment in ETmoney app, now i want to stop it, how can i get the invested amount in Bank account? Please help me to understand sir 🙏🙏🙏🙏🙏
Pls take help of ET Money on the same. Additionally, you might want to read more on withdrawal rules before connecting with them. Some of it is available in my previous NPS video: ua-cam.com/video/PQt61PeiI10/v-deo.html
@@shankarnath ok thanks 😟😟😟
@@shankarnath ok thanks 😟😟😟
Superb Video Sir ,Nice updates on NPS Changes good news.
Can you please explain aboutbTire2 in one video.
Thanks for the suggestion
As a government employee. Can I take charge of my own NPS allocation? Or I have to depend on the government stipulated rule?
I'm sorry, this video was focussed on all citizen category that is applicable to me too. I don't know the intricacies of government NPS rules.
Yes you can. I have done it 2 years back. I am a central govt employee. But the issue is we are not allowed active choice with equity allocation. Only auto choice with 25 percent or 50 percent in equity. Please check and confirm
I also want to know that, few days back when I am trying to do that it not allowing me n getting "Changes locked by your employer" response
@@TheSavageAdultare you able to change to 75 percent equity ?
For those who are looking for rules of nps for government employees
1) First of all u can't select individual fund manager for each asset class. But now u can select from a bigger options of fund managers apart from the government ones
2) still there is a cap of 50% Max for equity class
3) u can select only government security for 100% allocation.@@shankarnath
One request sir :-- Is it possible to make a video on growing money for creating Neo-Banks like PayTM PaymentBank, Airtel Payment or German equivalent N26 and Revolut? Assuming that the requirements are fixed for 10 yrs down the line.
Thanks for the suggestion. Can I know the context?
@@shankarnath For startup ecosystems or family businesses to flourish, instead of FinTech companies going for VC and other funding agencies, we can raise our own money for such purposes. Such companies can actually develop from their own money.
Payment banks r the need of the indian households in contemporary times as financial literacy can be taught to children and investment ideology can be created.
@@shankarnath what i meant to ask is that ..... how can we generate such amount of money for starting FinTech business by ourselves
This seems like a question that an investment banker can answer for you. Apologies, I've never worked in B2B/institutional frameworks so don't have anything to contribute here. If I find something, I'll circle back.
Any thoughts on the return expected over the long term. I am at 14.56 XIRR over the last 8 years. Do you expect similar numbers in the future?
Are you govt employee? What is your PFM and %in equity
Even with >80% equity allocation all fund based instruments tend to settle at a max of 12-13% over a period of >10yrs.
If you increase equity contribution to 75% then u will get better returns. More than 15% returns
Can we withdraw NPS before 60? I plan to retire at 46, can i withdraw NPS?
You might be able to, some conditions are there. For some details, watch this video (the section on "NPS Withdrawal Rules") : ua-cam.com/video/PQt61PeiI10/v-deo.html
For govt employees, only two options available in auto choice
Hi Sir
Not receiving your newsletter.
When did you subscribe to it pls (i.e. date) and what's the email id you use?
Shankar Sir..Pls share the content from Ayodha Book also which is beside you .❤
I've just started reading it .. it's very well written .. very fact based. Main kya ispe content share karunga :) .. Dhruv Rathee, Soch, Sham Sharma, Abhi Niyu and others would have already made powerful videos on it -- from it's history 5000 years ago to the recent Pran Pratishtha ceremony
Ayodhya a battleground by Hemant Sharma. Book by Meenakshi Jain on Ayodhya is also good if you looking for a book.
U accwr u r wrong. That's great. I like the video.
Sir how to buy unlisted shares safely and from where sir
I don't know as I don't invest in Unlisted shares myself. You can talk to people who have purchased something from platforms like Sharescart and Precize for a better understanding of this
@@shankarnath why don't u research sirji. U r so intelligent. U may know genuine platforms .
@@dheerajbhagwan6098 OK, I'll circle back to you once I have completed my research. Thanks for the inspiration
Can the NPS account be a joined account by me and my spouse?.
Hi, this was covered in my previous video on NPS. Kindly have a look.
Hello sir
I hv opened my nps account online
And transferred some to it .
Next time wn I wananted to pay through third party the amount is not credited to my account as it was time out .the money is no returned send bank or my nps account.
We're to contact kindly help me.
You can file a grievance with the Pension Fund Regulatory and Development Authority (PFRDA) by emailing grc@pfrda.org.in or visiting the Grievance Redressal Cell at 1st Floor, ICADR Building, Vasant Kunj Institutional Area Phase II, New Delhi 110070. You can also contact the PFRDA at 011-26517501, 011-26517503, or 011-26517097
More specifics are available here: npscra.nsdl.co.in/faq-grievance.php
Thank you so much Shankar sir, wonderful video on all updates regarding the NPS. I would like to get your view on a larger NPS question please.
Say a fresh graduate at age 24 starts investing in NPS and retires at 58. This person now needs to withdraw the 60% as a part of their retirement corpus. As per current Income tax limits, most of us have utilized the 80C limit of 1.5L in various other savings instruments like PF, PPF, ELSS funds etc and are left with just 50k per year on NPS. So from age 24 to 58, that is 34 years so just 17 lakh (as per current limits on 80 DD). Even if we assume a quadrupling of the returns by age 58, this amounts to just 68 lakhs. And per latest update, 27.2 lakh will have to be spent into an annuity so the person will be eligible for just 40.8 lakh as lumpsum. Isn't that too little after 34 years?
One might say what stops us from using the additional 1.5 lakh in tier 2 account if we have the spare money, but is it not more advisable to then put this money in Mutual funds over NPS so that, in case of any emergency, we are able to access this fund.
I feel the tax component of the monthly pension on the 40% annuity of NPS has made it a much less attractive product than in previous circumstances. Looking forward to your response and thank you for your patience while reading my response.
Can i withdraw from my tier 1account ?
Yes, subject to terms & conditions
@@shankarnath can you share T&C of withdraw process
@@shankarnath my nps account is 4years old
npscra.nsdl.co.in/all-faq-withdrawal.php
I invested 500 to my NPS account as my first contribution. Only Rs. 228 displays on NPS portal. What happened to the remaining amount?
Please check the statement for account opening charges. NPS POP platforms can charge between 200 & 400 rupees. For details, check with your POP.
@@shankarnath Thanks for the information.
What will happen to the 40% of money if the person dies?
Please watch my earlier video on NPS for the answer to that: ua-cam.com/video/PQt61PeiI10/v-deo.html
Mai government employee hu isme equity allocation 50% maximum hai 75% kaise kare 75% ka option nhi hai
This is related to Systematic Withdrawal.
In case of mutual funds, If I withdraw each month under SWP, rest of the amount will be linked to fund performance. By that, I mean that if the fund is giving an XIRR as 10%, the rest of the amount will grow @10%
But I am not sure about the same in case of NPS. There is no mention about how this 60% amount will be treated in case on SWP. Hope it will not be a case where this amount will get a interest equal to bank fixed deposit or no interest at all.
Kindly read the PDF I referred to in the video. The PDF link is in the video's description
Hdfc vs sbi??
HDFC will give better returns but SBI will perhaps give a better sense of security
@@themindfulmint I choosed SBI fund manager
SBI AMC is not same as SBI bank. There's nothing called security here. The only security if you invest 100% in govt bonds. Then you will get same return as PPF. Anything more than that is not secured by anyone.
10% is good return for nps. Long term 12% will be achieved. Relax keep investing.
The lock in period for tax free lumpsum withdrawal age needs to be revisited and brought on par with EPF ie to 55 years at least . ESP for corporate employees whose retirement age is much lesser than a govt employee.
Also an optional annuity. 40pc annuity amount to be liquidated with tax if an individual doesnt want annuity.As most invest small amt in NPS for 80C, the annuity amount is meaningless
Also explain about the quarterly charges by NPS which is deducted by units, is the deduction higher or lower than the charges of MF
Thanks for the suggestion
Is it National Pension System or National Pension Scheme?
en.m.wikipedia.org/wiki/National_Pension_System
@@shankarnath wonderful
MY xirr in NPS is 16%. Also there is an additional tax benefit of 50000 for NPS.
Problem with Government employees is that they can't choose the fund manager. It perfectly make sense for private employees to have NPS account.
I was an IT employee and no longer working. My NPS account is frozen, how close the NPS account and withdraw full amount?
Please contact your PFRDA nodal office. The process is available on the PFRDA website
what is Acknowledgement No in (OTP Authenticate / eSign / View Subscriber Registration Form) ???