Pension Fund

Retail NPS

Any individual (non Government and non Corporate) who wish to invest in NPS can contribute towards their retirement fund through Retail NPS model. (All Citizen Indian Model). The scheme, which is regulated by the PFRDA (Pension Fund Regulatory And Development Authority) is a voluntary, defined contribution retirement savings scheme that helps individuals earn pension post retirement.

Who can join Retail NPS?

All Indian citizens, including NRIs and OCI

Subscribers must be between 18-70 years at the time of registration

Must comply with the KYC requirements

How does Retail NPS Works

Accumulation Phase

Upon opening the account, NPS subscribers start contributing through monthly SIPs

Upon exit, NPS subscriber can withdraw a certain portion of his/her corpus as lump sum and remaining is used to purchase annuity

Pension Phase

NPS subscriber continues to receive pension via annuity in their post-retirement phase

How to Enroll for Retail NPS

Online

Offline

The video registration process provides individual subscribers an easier and convenient option to register for NPS. Individual subscribers will be identified and tracked by a persistent glidecode for completing the registration process faster and securely.

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Retail NPS - Contribution

Online

Step 01Click on contribute tab

Step 02Enter your details

Step 03Verify your PRAN

Step 04Make payment.

Offline

Step 01Deposit cheque, with NC (NPS contribution instruction slip) to POP

Features and Benefits of Retail NPS

It is a tax-efficient pension scheme (Tax benefit under Section 80 CCCD(1) and Section 80CCCD(1B) of Income Tax Act 1961)

Enjoy power of compounding

Offers additional tax benefits

Provides market-linked returns

FAQs

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