B Com Exam > B Com Videos > Interdisciplinary Issues in Indian Commerce > PFRDA (Pension Fund Regulatory and Development Authority) - Regulatory Framework of Indian Financial
PFRDA (Pension Fund Regulatory and Development Authority) - Regulatory Framework of Indian Financial Video Lecture | Interdisciplinary Issues in Indian Commerce - B Com
|
49 videos|45 docs|14 tests
|
FAQs on PFRDA (Pension Fund Regulatory and Development Authority) - Regulatory Framework of Indian Financial Video Lecture - Interdisciplinary Issues in Indian Commerce - B Com
| 1. What is the role of PFRDA in regulating the Indian financial sector? |  |
Ans. The Pension Fund Regulatory and Development Authority (PFRDA) is responsible for regulating and developing the pension sector in India. Its main role is to oversee and regulate the functioning of pension funds, such as National Pension System (NPS), and ensure the protection of the interests of subscribers. PFRDA also formulates policies and guidelines for the pension sector, promotes pension awareness, and provides a regulatory framework for the registration and operation of pension funds.
| 2. How does PFRDA ensure the safety of pension funds in India? | |
Ans. PFRDA maintains a strong regulatory framework to ensure the safety of pension funds in India. It sets prudential norms for the investment of pension funds, which include diversification requirements and restrictions on risky assets. PFRDA also conducts regular inspections and audits of pension funds to ensure compliance with these norms and to detect any irregularities or fraudulent activities. In case of any violations or non-compliance, PFRDA has the power to impose penalties and take necessary actions to protect the interests of subscribers.
| 3. What are the benefits of the National Pension System (NPS) regulated by PFRDA? | |
Ans. The National Pension System (NPS) regulated by PFRDA offers several benefits to individuals. Firstly, it provides a retirement savings avenue, allowing individuals to accumulate a pension corpus during their working years. Secondly, NPS offers flexibility in terms of investment choices, allowing subscribers to choose between different pension fund managers and asset classes. Thirdly, NPS provides tax benefits, with contributions eligible for deduction under the Income Tax Act. Lastly, NPS offers a portable pension account, which can be accessed and managed online, providing ease of access and convenience to subscribers.
| 4. How can individuals enroll in the National Pension System (NPS)? | |
Ans. Individuals can enroll in the National Pension System (NPS) by following a simple process. They can visit the official website of PFRDA or a registered Point of Presence (POP) to open an NPS account. The individual needs to fill the necessary forms, submit the required documents, and make the initial contribution as per the prescribed guidelines. The NPS account can be opened by both salaried and self-employed individuals, and they can choose the mode of contribution, such as monthly or lump sum, based on their preferences.
| 5. What are the withdrawal options available under the National Pension System (NPS)? | |
Ans. The National Pension System (NPS) offers different withdrawal options to subscribers. At the age of 60, subscribers can withdraw up to 60% of the accumulated pension corpus as a lump sum, which is tax-exempt. The remaining 40% of the corpus needs to be utilized for the purchase of an annuity plan, which provides a regular pension income. Alternatively, subscribers can choose to postpone the withdrawal and continue contributing to the NPS until the age of 70. In case of premature exit from NPS, certain conditions and restrictions apply, and the withdrawal amount is subject to taxation.
Related Exams
About this Video
|
4.69/5 Rating |
|
Dec 23, 2024 Last updated |
Video Description: PFRDA (Pension Fund Regulatory and Development Authority) - Regulatory Framework of Indian Financial for B Com 2024 is part of Interdisciplinary Issues in Indian Commerce preparation.
The notes and questions for PFRDA (Pension Fund Regulatory and Development Authority) - Regulatory Framework of Indian Financial have been prepared according to the B Com exam syllabus.
Information about PFRDA (Pension Fund Regulatory and Development Authority) - Regulatory Framework of Indian Financial covers all important topics for B Com 2024 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for PFRDA (Pension Fund Regulatory and Development Authority) - Regulatory Framework of Indian Financial.
Introduction of PFRDA (Pension Fund Regulatory and Development Authority) - Regulatory Framework of Indian Financial in English is available as part of our Interdisciplinary Issues in Indian Commerce for B Com & PFRDA (Pension Fund Regulatory and Development Authority) - Regulatory Framework of Indian Financial in
Hindi for Interdisciplinary Issues in Indian Commerce course. Download more important topics related with notes, lectures and mock test series for
B Com Exam by signing up for free.
Description
Video Lecture & Questions for PFRDA (Pension Fund Regulatory and Development Authority) - Regulatory Framework of Indian Financial Video Lecture | Interdisciplinary Issues in Indian Commerce - B Com - B Com full syllabus preparation | Free video for B Com exam to prepare for Interdisciplinary Issues in Indian Commerce.
Information about PFRDA (Pension Fund Regulatory and Development Authority) - Regulatory Framework of Indian Financial
Here you can find the meaning of PFRDA (Pension Fund Regulatory and Development Authority) - Regulatory Framework of Indian Financial defined & explained in the simplest way possible.
Besides explaining types of PFRDA (Pension Fund Regulatory and Development Authority) - Regulatory Framework of Indian Financial theory, EduRev gives you an ample number of questions to practice PFRDA (Pension Fund Regulatory and Development Authority) - Regulatory Framework of Indian Financial tests,
examples and also practice B Com tests.
|
49 videos|45 docs|14 tests
|
|
Explore Courses for B Com exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
past year papers
,Extra Questions
,Sample Paper
,study material
,Viva Questions
,Important questions
,ppt
,mock tests for examination
,practice quizzes
,Free
,PFRDA (Pension Fund Regulatory and Development Authority) - Regulatory Framework of Indian Financial Video Lecture | Interdisciplinary Issues in Indian Commerce - B Com
,Objective type Questions
,Exam
,Previous Year Questions with Solutions
,Semester Notes
,PFRDA (Pension Fund Regulatory and Development Authority) - Regulatory Framework of Indian Financial Video Lecture | Interdisciplinary Issues in Indian Commerce - B Com
,shortcuts and tricks
,video lectures
,MCQs
,Summary
,PFRDA (Pension Fund Regulatory and Development Authority) - Regulatory Framework of Indian Financial Video Lecture | Interdisciplinary Issues in Indian Commerce - B Com
;
Study PFRDA (Pension Fund Regulatory and Development Authority) - Regulatory Framework of Indian Financial on the App
Students of B Com can study PFRDA (Pension Fund Regulatory and Development Authority) - Regulatory Framework of Indian Financial alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the PFRDA (Pension Fund Regulatory and Development Authority) - Regulatory Framework of Indian Financial,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of PFRDA (Pension Fund Regulatory and Development Authority) - Regulatory Framework of Indian Financial is prepared as per the latest B Com syllabus.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup