Learn more about the national pension system backed by the Government of India.
The Central Government has made the National Pension System (NPS) to be available to all citizens of India from May 01, 2009. National Pension System (NPS), regulated by Pension Fund Regulatory and Development Authority (PFRDA), is an important milestone in the development of a sustainable and efficient voluntary defined contribution pension system in India. It has the following broad objectives:
NPS offers following important features to help you save for retirement:
Now get connected with NPS customer care support executives with a call to the information help desk number referred above.
Tax benefits would be available as per the Income Tax Act 1961 as amended from time to time.
|Particulars||Tier 1||Tier 2 #|
|Entry Age (years)||18 ~ 60||18 ~ 60|
|Minimum contribution to open A/c||Rs. 500/-||Rs. 1,000/-|
|Minimum contribution in financial year||Rs. 6,000/-||Rs. 250/-|
|Minimum A/c balance in a financial year||N.A.||Units worth Rs. 2,000/-|
|AMC NSDL (p.a.)||Rs. 225/-||Nil|
|Fund Management Fee (p.a.) ###||0.25% Maximum||0.25% Maximum|
|Charge per contribution||0.25% of contribution or Rs. 20/- minimum ##.||0.25% of contribution or Rs. 20/- minimum ##.|
You can enroll in the NPS at any time if you are a citizen of India and at least 18 years of age; no entry is, however, allowed after 60 years of age. You should take advantage of compounding of your wealth by starting right away. The earlier you start, the greater will be opportunity for the growth of your pension wealth.
To enroll in the NPS, submit the Registration Form in any of our branch.
Click Here to learn more about our NPS Subscribers Grievances Redressal Policy.