As a person’s retirement age comes closer, he/she always has a fear in mind about the changes that will take place after their retirement. The most important thing that changes after retirement is that the earnings of a retired person cease. And what most of us forget while living our lives at a fast pace is planning for the retirement. Most of us forget planning for the retirement and regret for not doing so. These days retirement planning has become all the more important because of an increased cost of living and life expectancy.

The most important part of retirement planning is the pension plan. Pension plans provide financial security and stability during old age when people do not have a regular source of income. A Pension Plan is a plan or a product, which promises you a pension i.e. a fixed regular income after you retire, for a certain period of time. You invest in the pension plan by paying a regular premium or amount. Your amount is invested so that it grows. When you retire, your invested amount would have grown to a certain amount. From this amount or the corpus, you will receive a certain amount of money, called annuity on a regular basis. Retirement plan ensures that people live with pride and without compromising on their standard of living during their retirement years. Pension scheme gives an opportunity to invest and accumulate savings and get lump sum amount as regular income through annuity plan on retirement. To provide social security to more citizens the Government of India has started the National Pension System.

The Overall Impact of Testosterone on the Body

Testosterone, the primary male sex hormone, has a profound impact on various bodily functions beyond just muscle growth. It plays a crucial role in regulating bone density, cognitive function, mood, energy levels, and libido. Optimal testosterone levels contribute to overall well-being and vitality. Therefore, understanding the broader impact of testosterone on the body is essential for maintaining optimal health.

Testosterone production primarily occurs in the testes in men and in smaller amounts in women’s ovaries. The hormone acts as a key player in anabolic effects within the body. When testosterone levels are high, it promotes protein synthesis and enhances muscle growth. This is why many athletes and bodybuilders seek ways to increase their testosterone levels naturally.

Apart from its influence on muscle growth, testosterone also affects bone density. It helps maintain strong bones by stimulating bone mineralization and inhibiting bone resorption. Reduced testosterone levels can lead to decreased bone density and an increased risk of osteoporosis.

Cognitive function is another area where testosterone exerts its influence. Studies have shown that normal testosterone levels are associated with improved cognitive abilities such as memory, attention span, and spatial awareness. On the other hand, low testosterone levels may contribute to cognitive decline and an increased risk of conditions like Alzheimer’s disease.

In addition to physical factors, testosterone also impacts emotional well-being. It plays a role in regulating mood swings and overall mental health. Low testosterone levels can lead to fatigue, irritability, depression, and reduced motivation.

One aspect of general health affected by testosterone is libido or sex drive. Testosterone contributes to sexual desire in both men and women. High testosterone levels can enhance sexual performance and satisfaction while low levels may result in decreased interest in sexual activities.

It’s worth noting that while estrogen is commonly associated with females, it also plays a role in male physiology. Testosterone can convert into estrogen through aromatization, a process that occurs primarily in fat tissue. Imbalances in estrogen levels can have various effects on the body, including gynecomastia (enlarged breasts) and water retention.

Overall, testosterone is a hormone that influences multiple aspects of our bodies. It affects muscle growth, bone density, cognitive function, mood regulation, energy levels, and libido. Maintaining normal testosterone levels is crucial for optimal health and well-being. However, it’s important to note that excessively high testosterone levels can lead to side effects such as aggression and an increased risk of cardiovascular problems.

Understanding the broader impact of testosterone on the body helps individuals take proactive steps towards maintaining hormonal balance. Regular exercise, a healthy diet rich in essential nutrients like zinc and vitamin D, stress management techniques, and adequate sleep are all factors that can contribute to maintaining normal testosterone levels naturally Get More Info,

What is National Pension System?

National Pension System is an easily accessible, low cost, tax-efficient, flexible and portable retirement savings account. Under the NPS, the individual contributes to his retirement account and also his employer can also co-contribute for the social security/welfare of the individual. NPS is designed on Defined contribution basis wherein the subscriber contributes to his account, there is no defined benefit that would be available at the time of exit from the system and the accumulated wealth depends on the contributions made and the income generated from the investment of such wealth.

Factors to Consider When Buying Weight Loss Pills

Many individuals seek the assistance of weight loss pills or supplements to aid their efforts. However, with countless options available in the market, it can be overwhelming to choose the best weight loss pills for women that actually work. To help you make an informed decision, consider the following factors when buying weight loss pills:

Importance of Ingredients

One crucial aspect to consider when selecting weight loss pills is understanding the importance of ingredients. Different diet pill manufacturers use various key ingredients in their products, and knowing what these ingredients are and how they work can greatly influence your decision. Look for natural diet pills that contain scientifically proven substances known for their weight loss benefits see here timesofisrael.

Some common ingredients found in effective weight loss pills include green tea extract, caffeine, Garcinia Cambogia, and conjugated linoleic acid (CLA). These components have been shown to boost metabolism, suppress appetite, and promote fat burning. By choosing weight loss pills with quality ingredients, you increase your chances of achieving successful results.

Evaluating Safety and Potential Side Effects

Safety should always be a top priority when considering any dietary supplement or prescription weight loss drugs. Before purchasing weight loss pills, take the time to evaluate their safety profile and potential side effects. It is recommended to consult with a healthcare professional who can assess your individual needs and provide guidance on suitable options.

Thoroughly research any potential side effects associated with the specific product you are considering. While some mild side effects like increased heart rate or digestive issues may occur initially as your body adjusts to the supplement, be cautious of products that have reported severe adverse reactions.

Significance of Customer Reviews and Testimonials

Customer reviews and testimonials play a vital role in selecting the right weight loss pills for sale [2023]. Hearing about others’ experiences with a particular product can provide valuable insights into its effectiveness and overall customer satisfaction. Look for weight loss pills that have positive reviews and testimonials from real users who have achieved their desired results.

However, it is important to approach online reviews with a critical eye. Some may be biased or even fake. To ensure authenticity, consider reviews from reputable sources or platforms dedicated to providing genuine customer feedback.

Initially, NPS was introduced for the new government recruits (except armed forces). With effect from 1st May 2009, NPS has been provided for all citizens of the country including the unorganized sector workers on a voluntary basis. NPS is regulated by Pension Fund Regulatory and Development Authority (PFRDA).The main aim of the government to bring up this scheme is to inculcate the habits of saving for retirement amongst us.

Unique Permanent Retirement Account Numbers (PRAN) is allocated to each subscriber under the NPS at the time of their joining. Subscribers are also allocated two accounts, which they can access at any time.

•             Tier I Account –

Under this account, withdrawals are not allowed. It is only meant for savings after the subscriber’s retirement. It can only be withdrawn only at the time of exit.

•             Tier II Account-

Under this account, a subscriber is free to make as many withdrawals as he or she likes at any time. It is similar to a regular savings account. No tax benefit is available on this account.

Benefits of NPS

  1. Dual benefit of Low Cost and Power of compounding –

    The account maintenance costs under NPS are the lowest as compared to similar pension products available in India, like retirement plans offered by Insurance companies and mutual funds.  While saving for a long-term goal such as retirement, the cost matters a lot. Over 35-40 years, the charges can reduce a significant amount from the corpus.

Till the retirement pension wealth accumulation grows over a period of time with a compounding effect. The account maintenance charges being low, the benefit of accumulated pension wealth to the subscriber eventually become large.

  1. A flexible investment option:

    Subscribers have control over the choice of investment made and the fund manager who manages the investments.  Subscribers can switch from one investment option to another or from one fund manager to another subject to certain regulatory restrictions.

  2. Tax benefits:

Investing in NPS also helps you to avail income tax benefits. The detailed information about income tax benefits for NPS is given below.

  1. A safe retirement fund:

    Introduced by the Government of India and regulated by the Pension Fund Regulatory & Development Authority (PFRDA).

  2. It is transparent –

NPS is a transparent and cost-effective system wherein the pension contributions are invested in the pension fund schemes and the employee will be able to know the value of the investment on day to day basis.

  1. It is simple –

    All the subscriber has to do, is to open an account with his/her nodal office and get a Permanent Retirement Account Number (PRAN). This unique account number will remain the same for the rest of subscriber’s life and can be used from any location in India.

  2. It is portable –

    Each employee is identified by a unique number and has a separate PRAN which is portable i.e., will remain same even if an employee gets transferred to any other office.


A citizen of India, whether resident or non-resident, subject to the following conditions:

Applicant should be between 18 – 60 years of age as on the date of submission of his/her application to the POP/ POP-SP or opening account online on e-NPS platform.

Applicant should comply with the Know Your Customer (KYC) norms as detailed in the Subscriber Registration Form. All the documents required for KYC compliance need to be mandatorily submitted.

The NPS offers two approaches to invest subscriber’s money:

  1. Active choice –

    Here the individual would decide on the asset classes in which the contributed funds are to be invested and their percentages. The different asset classes available are as follows:

  • Asset class E (maximum of 50%) – investment is majorly in the equity market instruments
  • Asset Class C-investment will be in government securities
  • Asset Class G – investment will be in fixed income securities other than government securities such as liquid funds, fixed deposits etc.
  1. Auto choice –

    Lifecycle Fund- This is the default option under NPS and wherein the management of investment of funds is done automatically based on the age profile of the subscriber

Three Life Cycle funds are available under this Auto Choice:

  1. Aggressive Life Cycle Fund: In this Life Cycle Fund, the exposure in Equity Investments starts with 75% till age 35 and gradually reduces as per the age of the subscriber.
  2. Moderate Life Cycle Fund: In this Life Cycle Fund, the exposure in Equity Investments starts with 50% till age 35 and gradually reduces as per the age of the subscriber.

3. Conservative lifecycle fund: In this Life Cycle Fund, the exposure in Equity Investments starts with 25% till age 35 and gradually reduces as per the age of the subscriber.

An auto choice is suitable for candidates who do not have adequate knowledge to manage their NPS investments and an active choice is for those who have the required knowledge to manage their NPS investments.

The money invested in NPS is managed by the pension fund managers appointed by PFRDA. At present, there are 8 Pension Fund Managers (PFM’s) who manage the subscriber funds at the option of the subscriber.

At present, Subscriber has the option to select any one of the following 7 pension funds:

  1. ICICI Prudential Pension Fund
  2. LIC Pension Fund
  3. Kotak Mahindra Pension Fund
  4. Reliance Capital Pension Fund
  5. SBI Pension Fund
  6. UTI Retirement Solutions Pension Fund LIC Pension Fund
  7. HDFC Pension Management Company


a.  Minimum Contributions (For Tier-I)

Minimum contribution at the time of account opening and for all subsequent transactions- Rs.500

Minimum contribution per year – Rs.6000 excluding charges and taxes Minimum number of contributions in a year – 01

b.  Charges and Penalty for non-compliance of mandatory minimum contributions

If the subscriber contributes less than Rs.6000 in a year, his/her account would be frozen and further transactions are allowed till the account is reactivated.

In order to reactivate the account, the subscriber would have to pay the minimum contributions, along with a penalty of Rs.100 per year of default due for the period of dormancy.

A frozen account shall be closed when the account value falls to zero. c. Minimum Contributions (For Tier-II)

c.   Minimum Contributions (For Tier-II)

Minimum contribution at the time of account opening – Rs.1000/- and for all subsequent transactions a minimum amount per contribution of Rs.250/-

Minimum Account Balance at the end of Financial Year – Rs.2000/- excluding charges and taxes Minimum number of contributions in a year – 01

d.  Charges and Penalty for non-compliance of mandatory minimum contributions

A penalty of Rs.100/- to be levied on the subscriber for not maintaining the minimum account balance and/or not making the minimum number of contributions.


All the charges associated with Tier I account including Annual PRA Maintenance charge are paid by the employer. In case of Tier II account, activation charge and transaction charges are paid by the subscriber.

The POP charges and the CRA charges are given in the table below:

The POP Charges Table


  1. Pension Fund Regulatory and Development Authority (PFRDA) :

Pension Fund Regulatory and Development Authority (PFRDA) – External website that opens in a new window is an autonomous body set up by the Government of India to develop and regulate the pension market in India.

  1. Point of Presence (POP):

    Points of Presence (POPs) are the first points of interaction of the NPS subscriber with the NPS architecture this means that POPs are the different financial institutions who act as the first points of interaction. The authorized branches of a POP, called Point of Presence Service Providers (POP-SPs), will act as collection points and extend a number of customer services to NPS subscribers. The Pension Fund Regulatory and Development Authority (PFRDA) has authorized 58 institutions including public sector banks, private banks, private financial institutions and the Department of as Points of Presence (POPs) for opening the National Pension System (NPS) accounts of the citizens.

    List of POPs offering National Pension System(NPS)

    1. Abhipra Capital Limited
    2. Alankit Assignments Limited
    3. Allahabad Bank
    4. Andhra Bank
    5. Axis Bank Limited
    6. Bajaj Capital Limited
    7. Bank of Baroda
    8. Bank of India
    9. Bank of Maharashtra
    10. Canara Bank
    11. Central Bank of India
    12. Computer Age Management Services Private Limited
    13. Corporation Bank
    14. CSC e-Governance Services India Limited
    15. Dayco Securities Private Limited
    16. DBFS Securities Limited
    17. Dena Bank
    18. Elite Wealth Advisors Limited
    19. Eureka Stock And Share Broking Services Limited
    20. Gujarat Infotech Limited
    21. HDFC Bank Limited
    22. HDFC Securities Limited
    23. ICICI Bank Limited
    24. ICICI Securities Limited
    25. IDBI Bank Limited
    26. IL&FS Securities Services Limited
    27. India Infoline Finance Ltd
    28. India Post NPS Nodal Office
    29. Indian Bank
    30. Indian Overseas Bank
    31. IndusInd Bank Limited
    32. Integrated Enterprises (India) Limited
    33. Karnataka Bank Limited
    34. Karvy Financial Services Limited
    35. Karvy Stock Broking Limited
    36. Kotak Mahindra Bank Limited
    37. LICHFL Financial Services Limited
    38. Marwadi Shares and Finance Limited
    39. Muthoot Finance Limited
    40. Narnolia Securities Limited
    41. NJ India Invest Private Limited
    42. Oriental Bank of Commerce
    43. Prudent Corporate Advisory Services Limited
    44. Punjab and Sind Bank
    45. Punjab National Bank
    46. RBL Bank Limited
    47. Reliance Capital Limited
    48. Religare Securities Limited
    49. SBI Cap Securities Limited
    50. SMC Global Securities Limited
    51. State Bank of India
    52. Steel City Securities Limited
    53. Stock Holding Corporation Of India Limited
    54. Syndicate Bank
    55. Tamilnad Mercantile Bank Ltd
    56. The Federal Bank Ltd
    57. The Karur Vysya Bank
    58. The Lakshmi Vilas Bank Limited
    59. The South Indian Bank Limited
    60. UCO Bank
    61. Union Bank Of India
    62. United Bank of India
    63. UTI Asset Management Company Limited
    64. Ventura Securities Limited
    65. Vijaya Bank
    66. Way2Wealth Brokers Private Limited
    67. Yes Bank Limited
    68. Zen Securities Limited
  2. Central Recordkeeping Agency (CRA):

    The recordkeeping, administration and customer service functions for all subscribers of the NPS are being handled by the National Securities Depository Limited (NSDL), which is acting as the Central Record keeper for the NPS.

  3. Annuity Service Providers (ASPs):

    Annuity Service Providers (ASPs) would be responsible for delivering a regular monthly pension to the subscriber after exit from the NPS.

  4. NPS Trust –

    The NPS trust has been set up and constituted for taking care of the assets and funds under the NPS in the interest of the beneficiaries (subscribers).



a. Upon attainment of 60 years of age:

At least 40% of the accumulated pension wealth of the subscriber needs to be utilised for purchase of annuity providing for a monthly pension to the subscriber and balance is paid as lump sum payment to the subscriber. In case the total accumulated corpus is less than Rs.1 Lacs, the subscriber may opt for 100% lump sum withdrawal.

However, the subscriber has the option to defer the lump sum withdrawal till the age of 70 years. A subscriber has also got the option to continue contributing up to the age of 70 years. This option is required to be exercised up to 15 days prior to completion of 60 years.

   b.  At any time before attaining the age of 60 years:

The subscriber may exit from NPS before attaining the age of 60 years, only if he has completed 10years in NPS. At least 80% of the accumulated pension wealth of the subscriber needs to be utilized for the purchase of annuity providing for a monthly pension to the subscriber and the balance is paid as a lump sum payment to the subscriber.

In case the total accumulated corpus is less than Rs.1 Lac, the subscriber may opt for 100% lump sum withdrawal

    c.  Death of the subscriber:

In such an unfortunate event, an option will be available to the nominee to receive 100% of the NPS pension wealth in a lump sum. However, if the nominee wishes to continue with the NPS, he/she shall have to subscribe to NPS individually after following due KYC procedure

Under National Pension System, PFRDA has entrusted the responsibility of receiving, processing and settlement of all withdrawal claims made to Central Recordkeeping Agency (CRA) and CRA have created a special NPS claim processing cell (NPSCPC) for this purpose for handling all types of withdrawal claims. The CRA will monitor the performance of NPSCPC on the withdrawal processing as per the instructions provided by PFRDA in this regard. At present, the NPSCPC is fully functional.

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CMT Level 1 Study Material

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