About Us
What is NPS?+
  • NPS 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 co-contribute for the social security/welfare of the individual.
  • NPS is designed on Defined contribution basis, wherein the subscriber contributes to his account.
  • The greater the value of the contributions made, the greater the investments achieved.
  • Contributions

    (Individual contribution as well as Co-contribtion From Employers)

    +

    Investment Growth

    -

    Charges

    =

    Accumulated Pension Wealth

    Contributions

    (Individual contribution as well as Co-contribtion From Employers)

    +

    Investment Growth

    -

    Charges

    =

    Accumulated Pension Wealth

  • The longer the term over which the fund accumulates and the lower the charges deducted, the larger would be the eventual benefit of the accumulated pension wealth likely to be.
  • Under NPS, two types of accounts are available to the subscriber- Tier I and Tier II. The contributions in Tier I account are savings for retirement and are non-withdrawable. Tier II account is a voluntary saving account.
Benefits of NPS account+
  • NPS provides additional deduction of Rs. 50,000/- u/s 80CCD (1B), which would be over and above the ceiling limit of Rs. 1,50,000 as prescribed under section 80 CCE.
  • NPS is regulated by PFRDA (Pension Fund Regulatory and Development Authority). NPS account can be accessed online to make contribution and to track investments.
Eligibility for NPS+

Any Citizen of India resident or Non- resident, subject to the following conditions.

  1. Applicant should be between 18 – 65 years of age
  2. Applicant should comply with the “KNOW YOUR CLIENT” (KYC) norms.
  3. Applicant should not have pre-existing NPS account.
Contributions for NPS Account+
For All citizens model Tier I Tier II
Minimum Contribution at the time of account opening Rs. 500 Rs. 1000
Minimum amount per contribution Rs. 500 Rs. 250
Minimum total contribution in the year Rs. 2000 -
Minimum frequency of contributions 1 per year 1 per year

Initial contribution amount

  • Minimum Rs. 500 if opted for tier I account.
  • Minimum Rs. 1500 if opted for both tier I and Tier II account.

Register For NPS

New NPS Register

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NPS Subsequent Contribution

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