The great news is coming for lakhs of pensioners across the country. Pension regulator PFRDA is about to come up with the Minimum Assured Return Scheme under the National Pension System. Pensioners of this scheme will get benefits. Under the program, there is a preparation to bring the Minimum Guaranteed Return Scheme, which can be launched in the National Pension System (NPS) only by 30 September.
Scheme from 30th September
PFRDA Chairperson Supratim Bandyopadhyay says that we are currently working on the Minimum Guarantee Return Scheme. He said that PFRDA understands the impact of inflation and depreciation of the rupee on its investors. At present, work is underway on a minimum return scheme in NPS, which will enable investors to get a huge amount. The minimum guarantee scheme can be started from 30 September.
The annual return of 10.27%
Supratim Bandopadhyay says that in the last 13 years, the National Pension Scheme has given investors a return of more than 10.27% annually. Efforts are being made to provide relief from rising inflation so that investors get strong returns under NPS. With the advent of the Guarantee Return Scheme, crores of people in the country will benefit and the number of people applying for the National Pension will also increase rapidly.
20 lakh subscribers
According to the chairperson of PFRDA, the size of pension assets is Rs 35 lakh crore, out of which 22 percent i.e. a total of Rs 7.72 lakh crore is with NPS and 40 percent is with EPFO (Employees Provident Fund Organisation). The maximum age of joining has now been increased to 70 years, due to which the number of subscribers has increased a lot. Now the total number of subscribers has increased from 3.41 lakhs to 9.76 lakhs.