Last Updated on: 10/03/2025
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 If the amount of investment is less than Rs.5 lacs, full amount can be withdrawn.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. PoP (Point of Presence) Registration Number: 52092018 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 contributionRs. 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. 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. Processing of Exit/Withdrawal 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 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/- Through unit deduction by the CRA at the end of the Financial Year. Any other transaction not involving a contribution from subscriber @ Rs. 10/- per transaction The aggregators are not permitted to collect any charge upfront from the NPS Lite/Swavalamban subscriber. NPS ONLINE REGISTRATION - (Click here) Registration User Manual - (Click here) NPS FURTHER CONTRIBUTION - (Click here) Contribution User Manual - (Click here) NPS SYSTEMATIC INVESTMENT PLAN (SIP) - (Click here) SIP User Manual - (Click here) Compliance Officer for NPS - (Click here)
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.
PoP (Point of Presence) Registration Number: 52092018
Charge Structure under NPS:
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.
Trail commission for D-remit* contributions
0.20% of the contribution subject to maximum of Rs. 10,000/-
Through unit deduction on periodical basis.
Processing of Exit/Withdrawal
0.125% of corpus subject to Max Rs. 500/-
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:
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/-
Through unit deduction by the CRA at the end of the Financial Year.
Any other transaction not involving a contribution from subscriber @ Rs. 10/- per transaction
The aggregators are not permitted to collect any charge upfront from the NPS Lite/Swavalamban subscriber.