NPS Delhi Police

I have heard a lot about the New Pension Scheme (NPS) of Delhi Police and want to know more about this. Will you please provide me all details about New Pension Scheme (NPS) of Delhi police and who covered in this scheme also provide contact details for doing enquiry?

NPS or the New Pension Scheme was launched in India on May 1,2009. It is a scheme which enhances the social security in our country and its aim is to provide social security after retirement.

You are covered by the NPS if

a.You joined central government service on or after 01 January 2004, and

b.You are an employee of a Central (Civil) Ministry or Departments, or

c.You are an employee of a non-civil Ministry or Department including Railways, Posts, Telecommunication or Armed Forces (Civil), or

d.You are an employee of an Autonomous Body, Grant-in-Aid Institution, Union Territory or any other undertaking whose employees are eligible to a pension from the Consolidated Fund of India.

Applicability

All new entrants to Central Government services (other than Armed Forces) after Jan 1, 2004, would compulsorily join this scheme.

All India citizens, including NRI, aged 18 to 60 can voluntary join the scheme. The exit age will be 60 years.

Contribution Requirements

A minimum contribution of Rs 6000 Would be compulsory per year. Minimum amount per contribution is Rs 500 and a minimum of 4 contribution in a year for each subscriber account is required.

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Answered By StudyChaCha Member