The AUM of NPS crossed Rs 1.61 trillion-mark with a subscriber base of 1.41 crore as on December 31, he said.
Earlier in November last year, the EPFO had decided to extend the last date for submission of life certificate till January 15, 2017.
Under the scheme, the employee's share of contribution, if declared by the employer as not deducted, shall stand waived, the Employees' Provident Fund Organisation (EPFO) said in statement.
Earlier this week, retirement fund body Employees Provident Fund Organisation (EPFO) decided to lower the interest on provident fund deposits to 8.65%.
Retirement fund body EPFOs move will impact over four crore employees who contribute part of their salary towards the provident fund kitty.
The government had to roll back the decision and provided 8.8 per cent rate of interest on EPF deposit for last fiscal following protests by trade unions.
Sources said that the interest rate could be at least 8.8 per cent which was fixed for the last fiscal.
The charges, which came into effect from yesterday, will only be levied on Asset Management Companies.
The Pension Fund Regulatory and Development Authority (PFRDA), which regulates National Pension System (NPS), has asked the government to include this tax parity in the forthcoming Budget.
As per the practice, the EPFO pensioners are required to submit their life certificate by November. In case the pensioners don't submit their life certificate their pension is stopped.
Maharashtra and Goa circle has a network of 61 head post offices, 2,154 sub-post offices and 10,644 Gramin Dak Sewa.
Dearness allowance and dearness relief is provided to employees and pensioners to neutralise the impact of price rise.
Banks deposits are one of the most popular investments among Indians. Yet many people are not aware of some of the rules, particularly pertaining to the taxability of interest income.
Government is expected to take a decision soon on a proposal to allow its employees to raise their contribution in stocks as well as choose fund managers under the New Pension System, regulator PFRDA said on Thursday.
The Sovereign Gold Bond Scheme was announced by the government on October 30 in 2015.
On the recommendation of Seventh Pay Commission, the government has increased the gratuity limit to Rs 20 lakh from Rs 10 lakh. This is good news for government employees as they will get more money on retirement.
Banks fixed deposits are among the most popular instruments among Indians as they provide fixed-guaranteed return. Though safety of capital and guaranteed returns are the two virtues of bank fixed deposits, tax inefficiency takes the charm away from them. The interest earned on fixed deposits is fully taxable.
Government on Wednesday sought to allay fears over investments by EPFO into ETFs, saying that their performance should be viewed over a long period of time and the retirement fund body has already got over 12 per cent return within a year, higher than G-Secs.
India has been ranked at the bottom of a list of 43 countries in terms of the best places to spend the sunset years, according to an index compiled by a French asset management company.