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Switch from ups to nps: The government has introduced one-time, one-way switch facility for those employees of the central government, who want to return to the National Pension System (NPS) from Unified Pension Scheme (UPS). The Finance Ministry has said in a statement that people who have retired under eligible employees and NPS can join NPS from UPS by 30 September 2025. This facility will be available once and after that it will not be possible to return back to UPS again.

Ministry has laid some conditions

The ministry also said that employees who choose to remain in NPS cannot choose the option of UPS after September 30, 2025. The Ministry has laid down some conditions to switch to NPS from UPS. These are the conditions- eligible employees can switch to NPS only once and do not switch back to UPS. The employee will have to choose this option at least one year before retirement or at least three months before voluntary retirement (VRS). Apart from this, employees against whom disciplinary action is going on will not be able to avail this facility.

What is Unified Pension Scheme (UPS)?

The Unified Pension Scheme (UPS) is an option for central government employees under the National Pension System (NPS) so that they can get a sure payment after retirement. The UPS has come into force from 1 April 2025.

Who are eligible for UPS?

Central government employees under NPS are eligible to apply for UPS before the time limit. The deadline for choosing UPS is September 30, 2025 for eligible employees and former retired people under NPS.

When can you switch to NPS from UPS?

Employees who initially opted for UPS are now being given an opportunity to switch back to NPS, but only when they fulfill certain conditions.

What is the minimum sure payment under UPS?

The monthly minimum pension under this scheme is Rs 10,000. Under the scheme, the employee will be given pension based on the duration of his service. If an employee completes the service of 3 years or more, then he will get 50 percent of the average basic salary of the last 12 months as a pension. At the same time, the pension amount for those serving for 10 to 25 years will be fixed in the ratio of years of service.

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Nps vatsalya: All parents want them to do something like this for their children. So that they do not have to face problems in their lives. It is not only their responsibility to secure the future of your children but also the first priority. Planning is already very important for children studying, married and for big expenses coming in their lives.

In which inflation is increasing. So in such a situation, this planning becomes even more important. If you invest in a correct plan. So you can prepare a good fund for the children till they grow up. Which can be useful for them in future. The government has launched NPS Vatsalya Yojana for this. Which is a very beneficial scheme for the future of children.

https://www.youtube.com/watch?v=p9x55jea8gu

You can start investing from 1000 rupees

NPS Vatsalya Yojana is a format of the National Pension Scheme. Which was started in September last year. This is especially made for the children of the minor. In this scheme, parents or parents of children can open an NPS account for their minor children. And till the age of 18 years, you can deposit a fixed amount every month or throughout the year. Explain that investment can be started with one thousand rupees in this scheme and no limit for maximum investment has been fixed in it. Let us know that this account turns into an NPS account after the age of 18 years.

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Get good returns

You also get a lot of return on the amount deposited in NPS Vatsalya Yojana. Talking about long term in this scheme, it is expected to get a return ranging from 9.1 5% to 10%. Not only this, you can also withdraw some part of the amount invested in this scheme. For example, you can withdraw up to 25% for studies or for an emergency situation. Tax exemption is also given to you in the scheme.

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So much money will be deposited for 18 years

If you follow the annual average of 10% return in NPS Vatsalya Yojana. According to this, if you deposit 15 thousand rupees every month for a 3 -year -old child for 15 years. So till the age of 18 years, about 60,24,318 will be deposited in the account at the rate of 10% average return in this account. Which will be a fine-work amount.

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