Monday, 30 May 2011

Swavalamban Yojana Incentive for New Pension Sheme Subscribers

All NPS account opened between 2009-2010 and 2010-2011 would be eligible to get contribution of Rs1000/- per year from govt in NPS account for next three years 2011-12,2012-13,2013-14 . Subject to investor contributing minimum Rs 1000 pa  to Maximum Rs12000 pa in there NPS account .
So if you contribute less than Rs1000 pa or more than Rs12000 pa than you will not get any contribution in your account .
Finally there are some steps being taken by govt to make NPS popular . No doubt it is one of the most cost effective long term investment option but how popular it become among masses has to be seen .
Distributors do not make brokerage in this so you would not find distributors advocating the product . Though govt employess funds are being managed through NPS but more important is how popular it become among comman people .
I personally believe that it is one of the effective products for retirement corpus creation .

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