PFRDA for pension plan only on tier-I accounts
Pension Fund Regulatory & Development of Authority (PFRDA) is established by Government of India in 23rd August, 2003. PFRDA has decided that contributions to the non-withdrawable portion of a New Pension System (NPS) account would only be taken into account for determining whether the subscriber would be eligible for the government’s co-contribution of Rs 1,000 per account as has been announced by the finance minister Pranab Mukherjee in the budget.via
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