Pension assets under management at Rs 5.49 lakh cr as of Dec 2020: PFRDA
Total assets under management in government's flagship social security schemes -- National Pension System (NPS) and Atal Pension Yojana (APY) -- stood at Rs 5,48,913 crore at end-December 2020, posting an year-on-year growth of 36.83 per cent, as per the PFRDA data
Total assets under management in government's flagship social security schemes -- National Pension System (NPS) and Atal Pension Yojana (APY) -- stood at Rs 5,48,913 crore at end-December 2020, posting an year-on-year growth of 36.83 per cent, as per the PFRDA data.
The assets under management stood at Rs 4,01,152 crore at end-December 2019.
See Zee Business Live TV Streaming Below:
The Pension Fund and Regulatory Development Authority (PFRDA) further said that as on December 31, 2020, the number of subscribers under the NPS and APY rose to over 3.97 crore, an year-on-year increase of 21.67 per cent. The number was 3.26 crore at end of December 2019.
NPS was initially notified for central government employees and subsequently adopted by almost all state governments for its employees. It was extended to all Indian citizens voluntarily and to corporates for its employees.
APY is a guaranteed pension scheme of government which offers triple benefits to the subscribers, on attaining 60 years of age; minimum guaranteed pension to the subscribers, same guaranteed pension to the spouse after the demise of subscribers and return of the accumulated pension wealth as accumulated till age 60 of the subscribers, to their nominee.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
RCB vs CSK IPL 2024 Ticket Booking Online: Where and how to buy RCB vs CSK tickets online - Check IPL Match 68 ticket price, other details
SIP Returns: How Rs 3,000, 5,000, and Rs 10,000 SIPs can help you build retirement corpus of Rs 1.06 cr, Rs 1.77 cr, and Rs 3.53 cr
Go Digit IPO: Should you subscribe Virat Kohli, Anushka Sharma-backed issue? Here's what Anil Singhvi suggests
Women loco pilots speak about their struggle; many men have to be informed even for 'washroom break' in a moving train
Bandhan Bank Q4 FY24 Results Preview: PAT, interest income likely to grow in almost double digits; asset quality may improve
Gold and Silver rate today (May 16, 2024): Yellow metal futures subdued; white metal hits record high breaches Rs 87,000 mark
09:00 AM IST