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Eligibility |
All citizen aged between 18-70 can open the account. However, till age of 75, we can stay invested in NPS. |
Features of the Scheme |
Individual can open Tier I and Tier II account under NPS. Tier I account is mandatory and Tier II is optional. |
Withdrawal Facility |
Partial withdrawal permitted after 3 years in NPS. |
Subscriber is free to withdraw their savings from Tier II account alone, without any restriction. |
On superannuation, maximum 60% withdrawal permitted. 40% to be contributed for annuity. |
If the amount of investment is less than Rs.5 lacs, full amount can be withdrawn. |
Tax Benefits |
Tax benefit up to Rs.150000/- u/s 80C and additional Tax benefit up to Rs. 50,000/- u/s 80CCD(1B) for Tier 1 investments. |
Other Features |
Customer has the choice to Fund allocation and returns are based on Market performance.
Choice of multiple pension fund managers and Investment Choice is also available.
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PoP (Point of Presence) Registration Number: 52092018
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Charge Structure under NPS:
| Service |
Service Charges |
Method of Deduction |
Subscriber registration |
Rs. 350/- |
Will be collected upfront by system. |
Initial Contribution |
0.50% of the contribution subject to maximum of Rs. 25,000/- |
All Subsequent Contribution |
All Non-financial transactions |
Rs. 30/- |
Will be collected upfront |
Persistency# |
Rs. 50/- p.a. for annual contribution
Rs. 1000/ to Rs. 2999/-
Rs. 75/- p.a. for annual contribution Rs. 3000/ to Rs. 6000/-
Rs. 100/- p.a. for annual contribution above Rs. 6000/-
(Only for NPS All Citizen model) |
Through cancellation of units |
e-NPS(for subsequent contribution) |
0.20% of the contribution subject to maximum Rs. 10,000/-
(Only for NPS all citizen and Tier II accounts) |
Will be collected upfront. |
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Trail commission for D-remit* contributions |
0.20% of the contribution subject to maximum of Rs. 10,000/-
(Only for NPS all citizen and Tier II accounts) |
Through unit deduction on periodical basis.
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Processing of Exit/Withdrawal
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0.125% of corpus subject to Max Rs. 500/- |
Will be collected upfront. |
1. *D-remit is an electronic system through which money can be directly transferred from customer bank account to the NPS trustee bank to avail same day Net Asset Value (NAV).
2. #Persistency charges is payable to PoPs to which the subscriber is associated for more than six months in a financial year.
3. Minimum contribution per transaction is Rs. 500/- and minimum annual contribution is Rs. 1000/-
4. GST or other taxes as applicable, shall be additional.
Charge Structure under NPS-Lite/ Swavalamban:
| Charges under NPS-Lite/Swavalamban w.e.f 01.04.2017 |
Method of levying Charges |
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The charges for any subsequent transaction under NPSLite/Swavalamban @ 0.25% of the total contribution deposited by the subscriber in NPS-Lite/Swavalamban in a financial year subject to a minimum of Rs. 20/-
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Through unit deduction by the CRA at the end of the Financial Year.
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Any other transaction not involving a contribution from subscriber @ Rs. 10/- per transaction
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The aggregators are not permitted to collect any charge upfront from the NPS Lite/Swavalamban subscriber.