Saturday, December 11, 2010

ICICI DIRECT LAUNCH NEW PENSION SYSTEM ONLINE


1.As I consider my earlier posts that icici direct is the best online stock trading provider now icici direct launch online new pension system.
2.The NPS is administered by Pension Fund Regulatory and Development Authority (PFRDA) and NPS was introduced by the Government of India to provide sustainable solutions for adequate retirement income.
3.
CLICK HERE TO READ OFFER DOCUMENTS OF NPS BY GOVERNMENT OF INDIA
4.PFRDA has appointed seven Pension Fund Managers (PFM) to invest and manage your funds so it is the best manage mutual fund.
5.Minimum annual contribution in this scheme is 6000 per year.
6.ICICI DIRECT also give you SIP facility in NPS...i think this option made it delicious.
7.Please visit the PFRDA website (
http://www.pfrda.org.in) to know more about the product.
8.Be cautious this plan have no liquidity Withdrawal on maturity at the age of 60 years post which one can withdraw 60% of the corpus as lump sum or in trenches of minimum of 10% each and compulsorily buy annuities of the remaining 40% However, for special requirements a onetime withdrawal or liquidity of 20% is allowed .

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