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Post By : Alankit Category : New Pension System February 14, 2024
In a world full of uncertainties, planning for post-retirement life is essential as it allows individuals to ensure financial stability and make informed future-secured decisions. NRIs can leverage a variety of financial investments for post-retirement planning, with the National Pension System (NPS) emerging as a top choice due to its Governmentbacked framework.
At Alankit Management Consultancy, we adeptly handle the complexities of one’s postretirement life, ensuring efficient management and building a robust retirement corpus. Backed by the Government and PFRDA, NPS is a versatile investment avenue designed for building a retirement fund through cumulative contributions.
NPS allows pension benefits from age 60, wherein the NRIs can subscribe between the age of 18-65 with encashment benefits at 25% of the Pension Fund during the contribution period. The subscriber also receives a PRAN Card for online tracking and can invest through their NRE/NRO accounts, enjoying tax benefits under Section 80CCD of the Income Tax Act. NPS provides Non-Resident Indians (NRIs) with a range of investment choices to suit their risk appetite and financial goals.
Our Expertise
Alankit provides comprehensive assistance, ranging from NPS account initiation and investment management to aid in the selection of optimal investment options. Additionally, we ensure regular updates on NPS accounts for NRIs, offering a seamless and supportive financial experience.