National Pension System (NPS) Now Live on Paytm Money
Paytm Money Launches the National Pension System (NPS) on its App Retirement planning with an additional tax deduction of up to Rs.50,000 under section 80 CCD (1B) over and above the benefits available under Section 80C Now invest in Tier 1 (Tax Saver scheme) and Tier 2 (Zero Lock-in Period scheme) Mumbai, May 12, 2020: Paytm Money today announced the launch of the much-awaited National Pension System on its app, post-approval from the Pension Fund Regulatory and Development Authority (PFRDA), making it one of the first online platforms in the country to do so. This new addition is expected to benefit investors by helping them save for their retirement while also enabling tax benefits . In 2009 the ‘All Citizen Model’ in NPS was launched which allows any individual to enroll in NPS. However, till date, only 13 lakh investors have enrolled under the ‘All Citizen Model’. Paytm Money intends to increase this number manifold by enabling investments...