Pension Funds (including APY & NPS)
Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Indian Economy and Indian Financial System — JAIIB.
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25%?
Central Government bonds
15%?
State Government bonds or bonds of public sector enterprises guaranteed by Central / State Govts
30%?
Bonds of public financial institutions or public sector enterprises
Employee?
10% of (Basic + DA)
State Govt as employer?
10% of (Basic + DA)
Central Govt as employer?
14% of (Basic + DA) — enhanced from 10% w.e.f. 1 April 2019
Tier-I — Nature / Withdrawal?
Nature: Mandatory, non-withdrawable retirement account; Withdrawal: Withdrawal only on meeting exit conditions
Tier-II — Nature / Withdrawal?
Nature: Voluntary savings facility; Withdrawal: Subscriber is free to withdraw anytime
MCQ practice tests
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PDF study notes
More chapters in Module D - Financial Products and Services
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