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

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

[@AssetYogi]

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

[@rbb610029]

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]

Sir aapka jabab nahi. Bahut acche se explain krte ho

[@shivshankertiwari4566]

आपने बहुत अच्छे ढंग से समझाया 😊

[@vijayk4243]

Crystal clear and informative. Keep it up.

[@ravibhalerao2612]

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

[@gr5392]

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

[@jishnu18]

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]

Max life provides Annuity above 7%

[@brijeshshah574]

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

[@singhsahab5644]

Bahut hi achche se samjhaya aapne Thank you

[@mayurrathod1822]

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

[@ManjeetSinghSanghera-ek7ef]

Very well explained. Crisp and easy.

[@avyukthabhargav8154]

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

[@nitinraut6303]

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

[@vikasnath532]

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

[@neerajkumarpandey296]

Superb Dada pranam🙏🙏

[@LiveLifeWithLove]

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 ❤❤❤

[@aruno9]

I watch all videos and take decisions. Thanks

[@farhanahusain5399]

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

[@chiranjivshah9998]

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

[@wehrine]

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

[@V.stones]

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]

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]

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]

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]

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?

[@kumarkishan2748]

Fully satisfied video on NPS. Thanks sir

[@AssetYogi]

So nice of you

[@RJskyder]

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

[@jahangirmazumder3550]

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

[@SoumitraSahooPATHARPRATIMA]

Nice explanation of NPS. Thanks.

[@SouravKumar-fy8ff]

Got clarity, thanks

[@jayeshkhara1425]

Very interesting information Thanks

[@user-ti5rv6do3d]

your way of explaining is too amezing

[@amreshchoudhary1017]

Sir, your effort is really appreciable. Thanks a lot

[@ps20]

बहुत सुंदर विश्लेषण सर❤

[@anantsharma6537]

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]

3rd

[@harshsongara]

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

[@SM-ih3go]

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

[@HarishKumar-bi7zw]

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

[@amityfarms7042]

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]

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

[@rajeevkumarsaha9482]

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.

[@dhananjaytrivedi1050]

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

[@BioHubIndia]

excellent piece of information.

[@kekinchheda8097]

Nice video sir which one is the best fund manager?

[@ashishwalke9825]

Very nice information sir

[@nikeshvaria7980]

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...

[@yogitarajput2676]

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

[@sanjaychoubey8496]

Sir very nice explanation

[@bsbhavani18]

Very well explained .

[@hotpotato7325]

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.

[@rashmisaini4673]

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?

[@ameynaik7993]

Very well explained

[@kishorparmar78]

Thank you sir 😊

[@merasapnaufrq.2387]

Your Explanation So Nice Sir

[@srinivaskallakuru1349]

excellent video informative

[@arvindjaiswal4386]

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

[@MukeshGupta259]

Very good video sir.

[@avinashmayank4995]

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

[@cyberbully7718]

There are reasons for that.

[@anilkumar-ml2sl]

Nice, pls explain more about PoP charges

[@ManjeetSinghSanghera-ek7ef]

Request make a video on ULIP pros and cons.

[@agarwalkamal3613]

Please explain about dremit facility and new notification regarding charges

[@NG4U]

THANKS ❤

[@manojchaurasiya1133]

Very very informative 👏👏

[@mitendra90]

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

[@asifzariwala6932]

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.

[@Bhaktanana]

Good information.

[@eXciTiNG_sHorTS]

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

[@mguru1982]

hi Mukul ji, You explained the scheme very well in short. Just one query, actually my other investments already met the 1.5 lack cap. So, if I invest just 50,000 in NPS, whether shall I get any benefits under sec 80CCD(1B)

[@KamalKishore-et6or]

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

[@puneet92]

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

[@GlitchX06]

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

[@chiranjivshah9998]

You earned yourself a subscriber. :)

[@mukulsharma3782]

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?

[@mamathakr7462]

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

[@RajeshKumar-vl5je]

Sir aapke hisab se government employee age 35 yrs ke liye lc 50 ya lc 25 ya default scheme for long term kaun sa suitable hoga please reply

[@anilp3938]

Great video Sir ji

[@devapr7078]

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

[@ravikantsingh755]

Complete guide to Nps. Thank you for video

[@khushbooamitbhatnagar]

You did not mention about Virtual account in NPS, I assume there are no contribution charges via this route.

[@Pavan.Srivastav]

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.

[@tibrewalankur]

As per my information only 40% of lumpsum withdrwal after 60 years of age is tax free, balance 20% is taxable. Is there any change here? Thanks for sharing updates !

[@thekarthikmc]

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.

[@hiteshsomnathe6820]

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

[@sahilaneja]

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

[@mayurrathod1822]

wonderfull explan

[@vijaylalwani2261]

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?

[@neerajgangwar2806]

Sir Online invest kar sakte hain, ya fir post office, bank mein account open karna padega

[@sabitabhagabati5634]

Sir please make a VDO on "impact of Lok Sabha election on stock market".

[@kaustubh3084]

Sir ppf is better than nps for interest mutual funds are there ? For retirement Nps ka average return kya hai 9% fixed milega 9 to 11% for conservative plan

[@anmoljha5169]

Ppf never be better than NPS. You can chek history of both investment tools

[@maitresukrit]

You make lots of sense brother

[@AssetYogi]

Thanks a lot

[@RJskyder]

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

[@sarangjoshi641]

mutual funds ke retirement plans bhi iske sath compare karte to acha hota..unka lock in sirf 3 ya 5 saal ka hota he

[@rajendragoswamispn]

Can you please explain 80CCD(1), 80CCD(1B) and 80CCD(2) section in detail?

[@cajatinaswani609]

80CCD(1) is Employee Deduction from Salary, 1B is additional voluntary by employee itself , Seb section 2 is Contribution by employer

[@rajendragoswamispn]

@@cajatinaswani609 Thanks for the reply! further to it, 80CCD(2) will be part of the CTC? and is it addition to tax exempt under 80C (1.5L+50K[80CCD(1)])?

[@pihubole]

Sir, I have a question. At the time of maturity, 40% goes to Annuity buying. Now, let's say, we plan to opt for SWP for the rest of the lumpsum amount also, for example like 6% of the amount annually, so will that lumpsum keep growing as per market just like any mutual fund? I mean to say that the lump sum amount won't remain same right? It should keep increasing and decreasing as per the market?

[@drnareshjoshi8372]

Thanks for your nice explanation Please guide more on Tier 2

[@AssetYogi]

Sure thing!

[@RJskyder]

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

[@manojpathania]

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

[@eddscall]

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

[@Udaan0007]

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

[@manojpathania]

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

[@manojpathania]

@@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]

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

[@vilasvithalbate2297]

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

[@Sanjay.Ghanekar]

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

[@tosidhu]

My question is related to 40% conversion in to Annuity. Monthly receipt of Annuity is taxed @ tax slab of the assessee. Now if instead of investing in NPS if investment is done in Mutual fund and withdrawal is done through Systemic Withdrawl Plan on monthly basis then what would be the tax implication. I guess we will get the benefit of Indexation and income will be treated as Capital Gain with lower tax outflow. From that perspective also Mutual Fund is a better option. I understand 60% of corpus is tax free at the time of withdrawl and only 40% is taxable. But comparing capital gain vs regular tax slab which one is the better option from overall perspective - MF or NPS. Plz pick my question

[@satyabratomitra6967]

great video

[@prakashdeshpande7268]

Please guide regarding gain calculations of nps tier 2 withdrawls.Specially how to calculate corresponding purchase price when one sells NPS tier 2 withdrawl.Please make a video.

[@digimon1234able]

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

[@Amrendra_Sharma123]

Thank you sir 🙏🙏

[@jyotishsingh6833]

One question since EPF and NPS both are retirement plans however NPS provides better return than EPF so is there any government policy where one could transfer it's EPF amount to NPS to generate better retirement corpus?

[@rahulprabhune3469]

Do we need to compulsory pay every year in NPS scheme? Can we increase our annuity percentage? Or it is maximum 40%? Thank you so much for the useful video

[@dineshkumarjangir1996]

Nps contribution increase hota rehta h , so uske according maturity kya rhegi?

[@oommenmathew5093]

Can you please provide a video on XIRR calculation and accumulation of wealth in NPS?

[@abhijitbasu4665]

I would like to ask if suppose the subscriber expires during the tenure of the NPS term. What happens to the invested fund?

[@priyankdabhi8652]

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

[@yogeshpawar6578]

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