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Context: Recently, Pension Fund Regulatory and Development Authority (PFRDA) has proposed a guaranteed return scheme, Minimum Assured Return Scheme (MARS), which will provide savers and people from the salaried class an option for their investments.
About Minimum Assured Return Scheme (MARS)
Returns offered by the scheme
The floating guarantee depends on the development of the 1-year interest rate until retirement.
Limit of Contribution
National Pension System
Structure: The scheme is structured into two tiers:
Pension Fund Regulatory and Development Authority (PFRDA)
By: Shubham Tiwari ProfileResourcesReport error
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