Vision : Be the most preferred NPS service provider in the country || Mission : To consistently create value for all stakeholders by committing ourselves to performance of highest order|| Values : Trust, Reliability, Untiring Service, Transparency (TRUST) |

National Pension System (NPS), administered and regulated by Pension Fund Regulatory and Development Authority (PFRDA), is a voluntary, defined contribution retirement savings scheme. Its ultra-low cost (0.01% p.a; lowest management fee in world), flexible, simple, & portable retirement solution.

Transfer of Superannuation Fund to NPS is tax free u/s 10 (13)-(V) of IT Act 1961.

Unique Salient Features

    • A citizen of India, including NRIs between the age of 18-65 years can join NPS –
      • Minimum contribution of Rs.1000 in the FY.
    • Unique Permanent Retirement Account Number (PRAN) with seamless portability across different Jobs / Locations.
    • Tax Benefits:
      • Individuals’ contribution upto Rs. 50,000 is deductible from taxable income u/s 80 CCD (1B) over and above Rs. 1.50 Lacs u/s 80 C of IT Act 1961
      • Over and above this, Employer’s contribution upto 10% of Basic + (DA) is deducted from taxable income of the employee u/s 80 CCD (2) and employer u/s 36 (i) (iv-a) of IT Act 1961 with no ceiling on amount
    • NAV based product with market determined returns.
    • Withdrawal of 40% of the Corpus is tax exempt
    • Unmatched lowest cost of Investment (ranges upto 0.75% compare to MF / ULIP / Superannuation plans which ranges more than 2%).
    • Customised Investment options with flexibility of switching over the schemes (Equity/Corporate Bonds/Govt. Securities) twice in FY as well as the Fund Manager once in FY.
    • Online Access to your NPS account – 24 X 7 X 365 (Web & Tele) to CRA
    • NPS account can be opened by using Online or Offline platform like
      • Online – i) SBI – e-Services through the link available at
      • ii) eNPS through the link available at /
      • Offline – Visit any branch of State Bank of India
Vesting Criteria Benefit
At the age of 60 years
  • Lumpsum Withdrawal – 60% of the corpus
  • Annuitisation – Min. 40% of corpus
  • Complete withdrawal, if corpus is below Rs. 2.00 Lacs
  • Selection as per choice – IRDA approved Annuity Service Providers (ASPs) empanelled with PFRDA
  • Pension amount based on selection of annuity scheme, corpus and Returns
  • In case of demise of Subscriber – Tax free accumulated corpus in the hands of nominee / legal heirs
Partial Withdrawal
Tax Free Withdrawal – 25% of own contribution, after lock-in period of 3 years, 3 times during entire tenure
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