NPS subscribers earn double-digit returns in FY13

India Infoline News Service | Mumbai |

The average annual return that NPS scheme generated for Central Government employees was 12.39% during 2012-13

New Pension System (NPS) has delivered double-digit return in most of the schemes for the financial year 2012-13, PFRDA (Pension Fund Regulatory and Development Authority) said on Wednesday.

The average annual return that NPS scheme generated for Central Government employees was 12.39% during 2012-13. In the case of NPS scheme for State Government, the average return stood at 13%, pension regulator said.

The government has announced 8.7% interest for deposits under Public Provident Fund (PPF) for FY13-14, while it has approved 8.5% rate of interest for FY12-13 for Employees Provident Fund (EPF) subscribers.

For private subscribers, the equity-oriented NPS scheme generated 8.38% return; corporate debt-oriented NPS generated 14.19%, and government debt-oriented scheme saw a return of 13.52%.

The returns from NPS swavlamban averaged 13.40 per cent in 2012-13, an official release said.
 

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