National Pension System crossed 101 lakh subscriber & Assests of Rs. 1 lakh crore

Assets under Management (AUM) of National Pension System (NPS) crosses Rs. 1 lac crore

Further, from 1st June 2015, the Atal Pension Yojana, has been launched
which has given the much required impetus to the social security schemes
Currently, NPS and APY together have more than One Crore subscribers
with total Asset Under Management (AUM) of Rs.1,00,275 crores. The
segment wise status of the NPS and APY as on 03.10.2015 is as under:

•  The investment guidelines for NPS have been revised to expand the investment avenues for optimisation of the returns.
•  Partial withdrawal upto 25% of subscriber’s own contribution for
  specific purposes like higher education of children, marriage of
  children, construction of house and specified illness have been allowed
  to the NPS subscribers after
  completion of 10 years in NPS.
• NPS Private Sector subscribers can continue contributing beyond 60 years upto 70 years of age.
• NPS Subscriber can defer the withdrawal of lumpsum amount upto the
  age of 70 years and also have the option to defer purchase of annuity
  upto 3 years from the date of superannuation or 60 years. The funds
  during this period remain invested in the system.
• The Statement of Transactions (SOT) being sent by CRA to the
  existing subscribers has been modified to reflect the returns of the
  individual subscriber since the date of account opening and also the
  return generated during the last
  financial year.
•  To facilitate and operationalize the deposit of additional
  contribution of Rs.50,000/- to avail of the additional tax benefit under
  Section 80 CCD(1B), Government Subscribers already covered under NPS
  have been provided the
  facility to deposit voluntary contributions in their Tier I account
  through any POPSP. Government employee covered under old pension scheme
  can also avail this tax benefit by opening individual Tier I account
  through any POP-SP and contributing to the same.
•  Online reset of password and facility to change mobile no. and email Id have been provided to all the NPS subscribers.