I authorize instaemi.com

NPS offers a range of investment options to employees, the scheme allows individuals to make decisions about where their pension fund is invested, permits limited withdrawal prior to retirement and helps salaried class in saving Income Tax

Your Pre filled application form is sent to your Email, download the application print, sign on it & submit in the address given.

Save your Income Tax with National Pension System (NPS) Enrollment, Just Fill the Below Application.
An additional Rs.50,000/- under section 80CCD (1B) per Assessment Year (Applicable from FY 2015-16/AY 2016-17).

As Per Govt Policy You are NOT Eligible to Enroll for National Pension System TIER-1 Account.

National Pension System

  • Minimum Entry Age - 18Years
  • Maximum Entry Age - 60 Years
  • Minimum Investment - Rs. 6000 per Year
  • Income Tax Exemption - Section- 80C- Rs. 1.5 lakh and Additional contribution under Sec-80CCD(1b)- Rs. 50,000
  • Lock In - Till Retirement Age
  • Charges - Applicable
  • Capital Protection - No guarantee
  • Rate of Return - No guaranteed Return,Based on Market Conditions
  • Types of Accounts - Tier I and Tier II
  • Maximum Investment - No Limit
  • Eligibility - All Individuals
  • Pre Closure - Not applicable, Conditions apply
  • Nominee - Available
ReadCount :  

The National Pension System (NPS) was launched on 1st January, 2004 with the objective of providing retirement income to all the citizens. NPS aims to institute pension reforms and to inculcate the habit of saving for retirement amongst the citizens.
    A citizen of India, whether resident or non-resident, subject to the following conditions:
  • You should be between 18 – 60 years of age as on the date of submission of his/her application to the POP/ POP-SP.
  • You 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 following applicants cannot join:
  • Un-discharged insolvent: Individuals who are not granted an ‘order of discharge’ by a court.
  • Individuals of unsound mind: An individual is said to be of unsound mind for the purposes of making a contract if, at the time when he makes it, he is incapable of understanding it and of forming a rational judgment regarding its effect upon his/ her self-interest.
  • Pre-existing account holders under NPS.
    National Pension System (NPS) is a defined contribution based retirement investment product. NPS offers two types of accounts to its subscribers, namely Tier I and Tier II.

  • Tier-I account:You shall contribute your savings for retirement into this non-withdrawable account. This is your retirement account and you can claim tax benefits against the contributions made subject to the Income Tax rules in force.
  • Tier-II account: This is a voluntary savings facility. You will be free to withdraw your savings from this account whenever you wish. This is a not a retirement account and you can’t claim any tax benefits against contributions to this account.
  • It is voluntary - NPS is open to every Indian citizen. You can choose the amount you want to set
  • Low Cost - NPS is considered to be world’s lowest cost pension scheme. Other handling and administrative charges and fund management fee are lowest.
  • It is simple - all you have to do is to open an account with any one of the POPs and get a PRAN.
  • It is flexible - You can choose your own investment option and Pension Fund Manager or select Auto option to get better returns.
  • It is portable - You can operate your account from anywhere in the country and you can pay your contributions through any of the POP-SPs irrespective of the POP-SP branch with whom you are registered, even if you change your city, job etc.
  • Prudentially Regulated – Transparent investment norms, regular monitoring and performance review of Fund Managers by NPS Trust.

Under NPS, how your money is invested will depend upon your own choice. NPS offers you a number of fund managers and multiple investment options to choose from.

The NPS offers you two approaches to invest your money:

  • Active choice - Individual Funds (Asset Class E, Asset Class C, and Asset Class G )
  • Auto choice - Lifecycle Fund

Active choice - Individual Funds

You will have the option to actively decide as to how your NPS pension wealth is to be invested in the

following three options:

  • Asset Class E -Investments in predominantly equity market instruments.
  • Asset Class C-Investments in fixed income instruments other than Government securities.
  • Asset Class G - Investments in Government securities.
  • You can choose to invest your entire pension wealth in C or G asset classes and up to a maximum of 50% in equity (Asset class E).

Auto choice - Lifecycle Fund

  • NPS offers an easy option for those participants who do not have the required knowledge to manage Their NPS investments.
  • In this option, the investments will be made in a life-cycle fund. Here, the fraction of funds invested Across three asset classes will be determined by a pre-defined portfolio. At the lowest age of entry (18 Years), the auto choice will entail investment of 50% of pension wealth in “E” Class, 30% in “C” Class and 20% in “G” Class.
  • These ratios of investment will remain fixed for all contributions until the participant Reaches the age of 36. From age 36 onwards, the weight in “E” and “C” asset class will decrease annually And the weight in “G” class will increase annually till it reaches 10% in “E”, 10% in “C” and 80% in “G” Class at age. Like the active choice, you must choose one PFM under the auto choice.
  • In case you do not indicate any choice of PFMs, please note that it is deemed that you have consented to opting for the default option for the PFM as provided by PFRDA and whereby SBI Pension Funds Private Limited would become the default PFM.

Taxability

Read More

Documents

Read More

FAQ's

Read More


Tax benefit to employee:

Individuals who are employed and contributing to NPS would enjoy tax benefits on their own

contributions as well as their employer’s contribution as under: -

  • (a)Employee’s own contribution - Eligible for tax deduction up to 10% of Salary (Basic + DA) under Section 80 CCD(1) within the overall ceiling of Rs. 1.5 lacs under Sec 80 CCE.
  • (b)Employer’s contribution-The employee is eligible for tax deduction up to 10% of Salary (Basic + DA) contributed by employer under Sec 80 CCC(2) over and above the limit of Rs. 1.5 lacs provided under Sec 80 CCE.

Tax benefit for self-employed:

  • Eligible for tax deduction up to 10 % of gross income under Sec 80 C with in the overall ceiling of Rs. 1.5 lacs under Sec 80 C and Additional contribution under Sec-80CCD(1b)- Rs. 50,000.
  • Tax benefits would be applicable as per the Income Tax Act, 1961 as amended from time to time.

Loved by customers,Trusted by experts