Postalnps wish to discuss this most important Issue, Balance Difference in NPS account, due to delay deposit in CRA system.
Recently government of India published new National Pension Scheme amendment rule, that gives security to NPS Subscribers to protect themselves for their financial loss, which effect corpus amount of Subscribers. Indirectly effects on annuity amount as well as pension of the subscriber.
Government of India published Gazette notification, National Pension Scheme amendment rule in January 2019. By this notification government servants can invest his contribution by his choice or he is free to choose pension fund manager once in year.
In this circular Subscribers can apply for compensation to his nodal office for delay deposit of his contribution or not received government contributions and interest upon that contribution.
Government ordered to solve this issue within three months.
This provision shall come into force form 1st of April 2019.
Let us read this circular, read below:-
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