Tag Archives: #NPSforFamily

Can HUF open NPS account?

NPS account

What is an NPS Account? NPS is a long-term, voluntary retirement savings scheme managed by the Pension Fund Regulatory and Development Authority (PFRDA). Under NPS, subscribers can make regular contributions to build a retirement corpus. Upon reaching the age of retirement (60 years), they can withdraw a portion of the accumulated savings as a lump… Read More »

Are HUF eligible for NPS?

HUF

Are HUFs Eligible for NPS The National Pension System (NPS) is a government-backed retirement savings scheme in India, designed to provide financial security post-retirement. While many individuals are aware of their eligibility to invest in NPS, a common query arises regarding Hindu Undivided Families (HUFs) and their participation in this scheme. Eligibility of HUF for… Read More »