Ultimate NPS Guide for 2024- National Pension System (Scheme) Decoded

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NPS or National Pension System is a retirement product in India. Are tax benefits the only reason to invest in NPS? vidfin.com/ - You can now subscribe to our new app.
In this video, we'll thoroughly decode NPS, exploring its pros and cons and find the best retirement product.
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We'll also navigate through Tier 1 and Tier 2 accounts in NPS, discussing their eligibility criteria, lock-in periods, contribution limits. We'll explore the diverse investment options within NPS, including Active Choice and Auto Choice.
Additionally, we'll examine the tax benefits of NPS under both old and new tax regimes, encompassing deductions under sections 80CCD(1), 80CCD(1B), and 80CCD(2). Furthermore, we'll understand the rules regarding withdrawal of NPS corpus.
00:00- Intro
00:49- What is NPS?
01:40- Types of Account
03:25- Investments options under NPS
03:58- Investments in 4 Categories
04:26- Active Choice
05:06- Auto choice
06:53- Amount received on Maturity
08:20- NPS Pension Calculation
13:55- Withdrawal rules in NPS
15:21 Tax on NPS
18:41- New Regulations
19:18- charges in NPS

About the Video
NPS or National pension system, a pension scheme regulated by PFRDA (Pension Fund Regulatory & Development Authority), launched by the Government of India in 2004. NPS can help save tax and also to get a regular pension after retirement. Learn about Tier 1 and Tier 2 accounts, their eligibility criteria, lock-in periods, minimum contributions, maximum limits and tax benefits. Explore the investment options under NPS, including Active Choice and Auto Choice, offered by top Pension Fund Managers like Birla Sunlife, HDFC, ICICI Prudential, and more. Understand the tax benefits of NPS under both old and new tax regimes, including tax deductions under sections 80CCD (1), 80CCD(1B), and 80CCD(2). Join us as we explore NPS, India's top pension scheme, to boost your retirement planning and financial security. Don't miss this chance to stay informed and ahead in your financial journey.
In this video, we’ll cover the following concepts:
1.What is NPS or national pension scheme?
2. How to invest in the national pension scheme?
3. What is PRAN number and what is the full form of PRAN?
4. What are the eligibility rules for opening a national pension scheme?
5. What are the tax benefits of the national pension scheme under Section 80C?
6. What are the charges involved in opening an NPS account?
7. What are the rules of withdrawal from NPS?
8. What is an Active choice and Auto choice under NPS?
9. Which is better Tier 1 vs Tier 2?
10. What is the total corpus we get on maturity from NPS?
11. What are the benefits of NPS for retirement planning?
12. What are the investment options available under NPS?
13. Which is the best retirement product?
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#NationalPensionSystem2024 #NPS #AssetYogiShow

Опубликовано:

31 май 2024

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Комментарии : 742

@AssetYogi 18 часов назад

Join All-In-One Video Finance App here: vidfin.com/ Enjoy Free Access to select Financial Insights & 1st Chapter of all the courses.

@rbb610029 2 месяца назад

What a wonderful Video. Got COMPLETE Clarity on all aspects of NPS. Hi Mukul - the more I watch your videos the more knowledgeable I become. Blessings to you.

@lokeshkumar-pe8wj 2 месяца назад

Sir aapka jabab nahi. Bahut acche se explain krte ho

@ravibhalerao2612 2 месяца назад

You are a very good Mentor and I really learnt a lot of new things by you... Thank you very much sir

@chiranjivshah9998 4 дня назад

One of the best videos about this topic. Thank you so much. Really appreciate your efforts. More love & support to you. ♥

@shivshankertiwari4566 2 месяца назад

आपने बहुत अच्छे ढंग से समझाया 😊

@gr5392 2 месяца назад

One of the best video on NPS till date. Simple language, top class presentation, detail information. God bless you.

@jishnu18 2 месяца назад

But NPS is not at all good if you are a pvt employee. Annuity scheme is insurance scheme with 4-6% returns(which will be reduced after some years)

@ashutoshbajad5084 2 месяца назад

Max life provides Annuity above 7%

@vijayk4243 2 месяца назад

Crystal clear and informative. Keep it up.

@anantsharma6537 2 месяца назад

What is better. 1 . Invest in Nps tier 1. 2. Invest in mutual funds, do a swp after 60 for regular income. 3. Do NPS , after 60 invest lumsum in a mutual fund for SWP plan, also get annuity from NPS. 4. INVEST only in mutual funds, do a hybrid funds after 60.

@agourav220 Месяц назад

3rd

@harshsongara Месяц назад

Do proper analysis, calculation based on inflation rate also have an important role then take decisions, everyone forgets that part.

@SM-ih3go 4 дня назад

Increase your baskets. Don't rely only on MF and nps.

@brijeshshah574 2 месяца назад

Thanks a lot for providing us In depth info regarding NPS. 🙏🙌

@nitinraut6303 Месяц назад

Wonderfully structured video.. so clear & crisp about the full NPS cycle. Thanks a lot sir,

@LiveLifeWithLove Месяц назад

What a video. And this will be game changer for Indian because interest earned is not taxable. Thank you for these information, far more useful that crappy entertainment channels ❤❤❤

@mayurrathod1822 Месяц назад

sir me aapka koi bhi video miss nahi karta aur muje value milti hai thank you so much sir

@ManjeetSinghSanghera-ek7ef 2 месяца назад

Very well explained. Crisp and easy.

@merasapnaufrq.2387 4 минуты назад

Your Explanation So Nice Sir

@farhanahusain5399 2 месяца назад

Your efforts made me financially litterate... always grateful to you.

@avyukthabhargav8154 2 месяца назад

Thank you sir for giving the details of NPS 🙏🙏🙏

@singhsahab5644 2 месяца назад

Bahut hi achche se samjhaya aapne Thank you

@aruno9 2 месяца назад

I watch all videos and take decisions. Thanks

@amreshchoudhary1017 24 дня назад

Sir, your effort is really appreciable. Thanks a lot

@user-ti5rv6do3d Месяц назад

your way of explaining is too amezing

@jahangirmazumder3550 2 месяца назад

Sirji do a detailed comparison video between opting for NPS and EPF for retirement purpose. Thank you

@wehrine 2 месяца назад

Investing within the NPS framework is crucial for maximizing returns and securing a comfortable retirement.

@V.stones 2 месяца назад

Absolutely. NPS provides various investment choices ranging from equity to fixed income instruments. Diversifying your NPS portfolio based on risk tolerance and investment goals is key.

@reginaldhufenstien 2 месяца назад

I've been considering NPS as part of my retirement planning. How does investing in NPS compare to other retirement savings vehicles like the 401(k) or IRA?

@har0ld551-hn6fm 2 месяца назад

You should contribute to your retirement diligently, or better still look into financial planning don't come to youtube for advise, consult a Local or trusted online broker/ planner

@har0ld551-hn6fm 2 месяца назад

Investing in NPS offers unique advantages like tax benefits and the option to choose between different fund managers and investment options. It's essential to weigh these factors against other retirement savings avenues.

@mariadrukker2557 2 месяца назад

This is huge! would love to grow my reserve regardless of the economy situation, my 407k has lost everything accrued since early 2019, at this point, i'm in need of guidance, can you point me?

@vikasnath532 2 месяца назад

Thank you sir it is really good that we save money for old age .

@ps20 26 дней назад

बहुत सुंदर विश्लेषण सर❤

@yogitarajput2676 11 дней назад

Very informative and well explained thank you so much for the information

@jayeshkhara1425 2 месяца назад

Very interesting information Thanks

@kumarkishan2748 2 месяца назад

Fully satisfied video on NPS. Thanks sir

@AssetYogi 2 месяца назад

So nice of you

@RJskyder 2 месяца назад

फिनटेक nps खाते से पैसा निकालने और खाता बंद करने की प्रक्रिया पर विडियो बनाये

@SouravKumar-fy8ff 2 месяца назад

Got clarity, thanks

@khalidbirajdar437 2 часа назад

70% in SIP Mutual fund 30% PPF At the age of 60 take annuity of PPF corpus And SWP in Mutual fund corpus (5% Annual) This plan looks better than NPS to me.

@kekinchheda8097 2 месяца назад

Nice video sir which one is the best fund manager?

@neerajkumarpandey296 2 месяца назад

Superb Dada pranam🙏🙏

@chiranjivshah9998 4 дня назад

You earned yourself a subscriber. :)

@amityfarms7042 2 месяца назад

Dear Mukul, Nice video on NPS Teir 1, covered all aspects in detail. I would like to suggest you do a video on NPS Teir 2, it's features, pros and cons, taxation etc compared to Mutual funds. Thanks

@anantsharma6537 2 месяца назад

There is no point investing in tier 2 . Better products available in mutual funds. No tax exemption also

@rashmisaini4673 2 месяца назад

I hope you will help and guide me since I could not find the answer anywhere! I resigned from my central govt. Job, after 7 years of service. My questions are: 1. When and How can I withdraw my deposit from my NPS account? Is it somehow related to approval (required) from the organization I resigned from, or do I have the autonomy? 2. If I do not wish to close this account, can I continue depositing? What would the process of withdrawal be, say, after 10 years?

@SoumitraSahooPATHARPRATIMA Месяц назад

Nice explanation of NPS. Thanks.

@rajeevkumarsaha9482 2 месяца назад

Sir, as per a new circular, equity portion can remain 75% upto the age of 60 years and need not to be reduced after 50 years.

@BioHubIndia 2 месяца назад

excellent piece of information.

@dhananjaytrivedi1050 2 месяца назад

Sir pls make detailed video on tax implications on shares and mf and how to file ITR for shares and MF.

@ashishwalke9825 2 месяца назад

Very nice information sir

@ravikantsingh755 2 месяца назад

Complete guide to Nps. Thank you for video

@HarishKumar-bi7zw 2 месяца назад

Systematic lumsum withdrawal guaranteed ya fix amount hota h ya Market risk par depend karta h.

@kishorparmar78 2 месяца назад

Thank you sir 😊

@nikeshvaria7980 2 месяца назад

nps tier 2 may accha return milega or utena paisa Mutual fund may invest Kare to aacha benefit milega....aur aap kya suggest karoge sir.. For retirement planning...

@NG4U 2 месяца назад

THANKS ❤

@mitendra90 2 месяца назад

Best video!! Does NPS calculator considers taxation (7.5 lacs limit) ?

@arvindjaiswal4386 2 месяца назад

Sir, please suggest some good corporate or government bonds which can give us 9-10% return yearly

@sanjaychoubey8496 2 месяца назад

Sir very nice explanation

@sandeepsarasia9424 4 дня назад

Perfect video

@agarwalkamal3613 2 месяца назад

Please explain about dremit facility and new notification regarding charges

@GlitchX06 2 месяца назад

sir can you tell me which is best mode auto or active ??

@hotpotato7325 2 месяца назад

Thank you for the great video. Very confused about the taxation on Tier II though. Does that also follow EEE or is that going to be taxed at withdrawal? I have not seen the returns get taxed till now.

@KamalKishore-et6or 2 месяца назад

Thank you for the informative video. Can you please explain how one should proceed if he had a NPS tier 1 account for 10 yrs but now settled overseas and no plans to return back. Can he withdraw the money? If yes then how much and what’s the process? Thank you kindly

@asifzariwala6932 2 месяца назад

For the 40% on which we get annuity, what kind of insurance do we get with it? What is the sum assure? I am asking this because you have explained in this video that we do get an insurance with annuity.

@bsbhavani18 Месяц назад

Very well explained .

@puneet92 2 месяца назад

two points are missed: it is not mandatory to make a contribution even in tier-1 premature withdawl is after 5yr. We can take out full amount if portfolio is less than 2.5l

@Ansumanofficial365 25 дней назад

do we need to fill and send form 'Request for Scheme Preference Change and/or Switch' to change fund choice and manager? please reply sir.....

@thekarthikmc 2 месяца назад

Bro, You forgot to mention about the recent changes like *SWP* (from 60years to 75years). SWP makes NPS very attractive. Kindly do include this on your next video on NPS.

@abcdef2627 10 дней назад

Thanks for the video very informative. So how much percentage of our saving should we invest in NPS? I am starting at age of 40

@anilkumar-ml2sl 2 месяца назад

Nice, pls explain more about PoP charges

@ameynaik7993 Месяц назад

Very well explained

@MukeshGupta259 2 месяца назад

Very good video sir.

@sushmitajain6149 20 дней назад

Sir, NPS me yadi suppose hum kuch hi saal invest kre to.....vo pese hame milege bad me yaa loss ho jayege...I mean isme kuch rules to nhi ki itni saal invest Krna must h. . Hum kitne v saal invest krke , band kr sakte h? . Baki sab, Video me to sab kuch ache se samjh aa gya Thank you so much!

@digimon1234able 29 дней назад

Can you please explain EPS. How pension is calculated in EPS? And how it is different from NPS?

@srinivaskallakuru1349 2 месяца назад

excellent video informative

@pdr2643 2 месяца назад

With mutual funds also mostly we are supposed to park the accumulated funds in a fixed income product and after say one year or so we can set a SWP & it also will be taxed as income from other source with same tax slab rate. Fixed income also will give 6-8% returns, so annuity to most extent acts similar, practically mota-moti it's the same. Also NPS is improving with leaps & bound, may be some better options will come by the time we retire! Que.: Can we set a STP from NPS Tier 2 account to Tier 1 account? How? Say at the age of 21/22 years of my daughter, I will open NPS account with her name & park her Sukanya Samruddhi Yojana (SSY) money in Tier 2 account & set a STP to her Tier 1 account!

@niravkhanpara5039 4 дня назад

How can I select the fund managers when NPS contribution is made by my employer (part of PF)?

@eXciTiNG_sHorTS Месяц назад

in systematic withdrawal of lump sum amount will it be taxable as it may be acknowledged as income

@sinailondhe3686 День назад

Nice video sir as always . Can you please a make a video on SWP😀

@Pavan.Srivastav 2 месяца назад

Mukul ji, kya Govt. Employees Active choice nhi opt kr sakte ? Govt employee kya private pension funds ko select kr sakte agar Active choice opt krte hain to. Please reply.

@hiteshsomnathe6820 2 месяца назад

What is difference in NPS and EPF as both schemes has plans for retirement fund and pension ?

@mamathakr7462 2 месяца назад

Is nps beneficial for 58year old . Is lumpsum amount investing in nps a good choice?

@ManjeetSinghSanghera-ek7ef 2 месяца назад

Request make a video on ULIP pros and cons.

@devapr7078 2 месяца назад

Sir return on investment wala option later change kr sakte hai...?

@deepblue6216 23 дня назад

very clear n concise vdo... keep up bro

@priyankdabhi8652 Месяц назад

Can we change the mode from auto to active way of investing. Currently my funds are managed under auto mode but I want to change it to active way

@manojpathania 2 месяца назад

I'm nps subscriber since 2005 and i have got only 9.6% xirr returns till now.

@eddscall 2 месяца назад

I am guessing you didn't change equity allocation to 75%

@Udaan0007 2 месяца назад

What is equivalent CAGR of 9.6 XIRR? Any approximate idea?

@manojpathania 2 месяца назад

@@eddscall Not allowed for government employees to choose the active mode of investment. Only Auto choice is available.

@manojpathania 2 месяца назад

@@Udaan0007 XIRR takes into account the exact timing and amount of each cash flow, making it a more accurate representation of the true returns of a SIP. CAGR, on the other hand, assumes a constant rate of return over the entire investment period, which may not accurately reflect the returns of a SIP. Both are almost same if not exactly same.

@eddscall 2 месяца назад

@@manojpathania oh, that's bad, they should give the option

@manojchaurasiya1133 Месяц назад

Very very informative 👏👏

@vilasvithalbate2297 2 месяца назад

if we want to invest after retirement then what is best plan of the same

@pratikvora1334 2 месяца назад

If some one change pfm or scheme preference than what about old amonut ..whether it whole shift to new subscription or after change new amonut shift???

@trilokbohra6329 Месяц назад

Sir, NPS main monthly contribute karna sahi hai ya phir One time lumpsum amount every year?? Pls answer

@Sanjay.Ghanekar 2 месяца назад

Small The pension amount will be clubbed? self investment & deposited by employer which we can seed on EPFO or pension will be separate, would you please guide

@sahilaneja 2 месяца назад

OTP not coming for mobile authentication while opening NPS account through protean. What to do?

@Amrendra_Sharma123 2 месяца назад

Thank you sir 🙏🙏

@jay.singh1587 2 месяца назад

Gorment employee apne aap nps account khole pe grovment contribution milega ??

@Bhaktanana 2 месяца назад

Good information.

@user-qr8ty3cw6e 2 месяца назад

Sir ji kya UPI App se bhi PPF Account me Fund transfer kar sakte hai ya nahi please pataye.

@satyajitsahoo6295 12 дней назад

Thanks sir

@yogeshpawar6578 Месяц назад

for NPS monthly SIP is mandatory or we can make lumpsum payment persay quarterly or semianually or annually

@mukulsharma3782 2 месяца назад

since annuity is taxed under tax slabs and lump sum won't be be taxed, so keeping 40% in annuity and taking SWP of lump sum every month gives us optimised return after tax?

@vijaylalwani2261 2 месяца назад

Can you please explain the return of the Mutual fund withdrawal with long term capital gain tax and tax saved on the nps during the tenure?

@avinashmayank4995 2 месяца назад

Best scheme of govt for private sector. Very less promoted.Thank you sir for this explanation 🙏

@cyberbully7718 2 месяца назад

There are reasons for that.

@subhasishchatterjee997 Месяц назад

I have 2 important questions to ask : 1. Can I increase the invested amount monthly as and when i like ? 2. If during a financial crisis can I pause my monthly investment in NPS?

@johyson 2 месяца назад

Hi Mukul and Team, thank you for making such a great video, it really helps to understand NPS better. However I have several questions regarding the extension of NPS from age 60 to 75. 1. Do I need to provide the extension age upfront. For e.g. when I reach age 60, I know that I want to extend the NPS for another 5 years, so i extend it to age 65. Then when I reach age 65 can I again extend it one more time. How many such times can I extend. 2. Once I extend the NPS at age 60 to say till age 70, will all the amount from the beginning continue to earn interest and accrue till age 70 or I will have to withdraw the portion till age 60 (with annuity pension) and the additional money I contribute from age 60 gets continued till age 70. Or is it that the lump sum can continue from the beginning but the annuity portion has to be taken at age 60? This is a very important question for me. 3. When should I let NPS know that I want to extend beyond age 60. Is it when I am 59 years old or earlier ? Kindly answer these questions. Thank you again for your time and effort.

@knighteenchess6387 2 месяца назад

I thoght 80ccd2 is only applicable in new tax regime? Correct me if i m wrong...

@rahul13286 18 дней назад

Very well explained Mukul ji. I am 38 years old and did not opt for it for more liquidity of funds to invest in MFs than NPS. Now I would like to know is there any calculator to check investment if I only opt for Employers contributions as per new tax regime. ? Thanks in advance 👍🏼

@Ajit-kd9oi 2 месяца назад

Hello Mukul Sir, Thank you so much for your consistent effort to make this clear video on NPS. 🙂 However, I've a doubt on Tax part: 80 CCD (1B), 80 CCD (2) - Do you mean both can be declared at same time ? If so, could you plz enlighten a little bit more...