Weekly Newsletter of CSC e-Governance Services India Limited, June 13, 2017  |   CSC network is one of the largest Government approved online service delivery channels in the world
 
HIGHLIGHT
हिन्दी में पढ़ने के लिए इधर क्लिक करें!!


 TELE-LAW SERVICES THROUGH COMMON SERVICES CENTRES

Department of Justice has partnered with NALSA National Legal Services Authority and CSC e-Governance Service India Limited for mainstreaming legal aid to the marginalised communities through Common Services Center (CSC).

Tele-Law means the use of communications and information technology for the delivery of legal information and advice. This e-interaction between lawyers and people would be through the video-conferencing infrastructure available at the CSCs.


The concept of Tele-Law is to facilitate delivery of legal advice through a panel of lawyers stationed at the state Legal Services Authorities (SALSA) and CSC.
The project initiates to connect citizens with lawyers through video conferencing facilities by the Para-Legal Volunteers stationed at identified 1800 panchayat. 


S.No States No. of CSCs

1

Assam

450

2

Arunachal Pradesh

29

3

Bihar

500

4

Jammu & Kashmir

150

5

Meghalaya

42

6

Manipur

19

7

Mizoram

12

8

Nagaland

48

9

Sikkim

10

10

Tripura

40

11

Uttar Pradesh

500

Total

1800




 


Important information about National Pension System


The National Pension System (NPS) was Launched on 1st January, 2004 with the objective of providing retirement income to all the citizens. NPS aims to institute pension reforms inculcate the habit of savings for retirement amongst the citizens.

With effect from 1st May 2009, NPS has been provided for all citizens of the country including the unorganised sector  workers on voluntary basis.

NPS offers following Important Features to help subscriber save for retirement :
The subscriber will be allotted a unique Permanent Retirement Account Number (PRAN). This unique account number will remain the same for the rest of subscriber’s life. This unique PRAN can be used from any location in INDIA. 

WHO CAN JOIN NPS?
Individual : All citizens of India between the Age of 18 to 60 years can Join NPS.

PRAN will Provide access to Personal Account:
Tier -I Account : This is a non-withdrawable account meant for savings for retirement.
Tier -I Account requires a minimum investment of Rs. 1000 annually and Rs. 500 per transaction. There should be atleast one transaction per annum and minimum deposit of Rs. 1000 per annum is mandatory.

NPS Offers three Different Funds i.e. Equity Funds(E) that invest in Nifty Stocks (Maximum up to 50 %), Debt Funds (C ) that invests in corporate bonds and G-Sec (G) that invest in Government Securities. Once in a year, you can rejig your Portfolio and can switch to another fund manager if not satisfied with the performance.

In case you have not designed your portfolio, the asset allocation is automatically done on the basis of your age under life cycle fund. Up to the age of 35 years of the account holder the equity exposure remains at the maximum level i.e. 50% and after that equity exposure is reduced by 2% every year till the account holder reaches the age of 55 years.

Returns
NPS Returns are totally depending upon your asset allocation and the Fund manager you choose. If you are a risk taker and choose the equity exposure to the fullest then the returns are likely to be in double digits or vice-versa.
Liquidity
Premature withdrawal from NPS i.e. 80% of the money withdrawn before the age of 60 years should be necessarily used for buying annuity from the life insurer for the monthly pension of the account holder.
Even if withdrawal is made after attaining the age of 60 years, 40% of the withdrawn amount should be used to buy annuity i.e. only 60% can be deployed as per your wish.
Tax Benefit
An additional deduction for the investment up to Rs. 50,000 in NPS (Tier I account) has been exclusively available for NPS under subsection 80CCD (1B). This is over and above the deduction of Rs. 1.5 lakh available under sec 80C of Income Tax Act. 1961.
Advantage
This is lowest cost Pension Plan in the country . Individuals can choose its investment profile based on its risk. NPS can invest maximum of 50% in selected stock.
On Death the entire amount is paid to the nominee.

Commission for vle :-
VLE’s earn instant Rs. 100 commission on each new NPS account which is opened by them and in case of contribution to existing pension account instant commission Rs. 16.
NPS Calculator   http://www.npstrust.org.in/PENSIONCALC/Pension_Calculator.html
National pension System Service is available in https://www.digitalseva.csc.gov.in/ portal under financial tab.
You can go through the site https://npscra.nsdl.co.in/all-citizens-faq.php and read all the FAQs regarding NPS.

For any query related to NPS you can write to us at pension@csc.gov.in or call at our toll free no. 180030003468











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