National Pension Scheme (NPS)
It is a pension scheme launched by the Government of India. It is regulated by Pension Fund Regulatory & Development Authority (PFRDA).
The National Pension Scheme (NPS) is a government-backed retirement plan. It’s regulated by the PFRDA. Invest in NPS to secure your financial future. The Features of the National Pension Scheme make it a popular choice among individuals seeking a reliable and flexible retirement savings plan.
The National Pension Scheme (NPS) is a government-backed retirement plan. It’s regulated by the PFRDA. Invest in NPS to secure your financial future. The Features of the National Pension Scheme make it a popular choice among individuals seeking a reliable and flexible retirement savings plan.
Eligibility :
- Should be an Indian Citizen (resident or non-resident) or an Overseas Citizen of India (OCI)
- Should be aged between 18 - 70 years
- Account Opening: ₹500
- Annual Contribution: ₹1,000
Features of NPS:
- Permanent Retirement Account Number (PRAN): unique 12 digit number allotted to each subscriber.
- NPS a/c can be operated from anywhere in the country irrespective of individual employment & location / geography.
- Two sub accounts are opened:
- Tier I a/c: Non-withdrawable retirement a/c which is mandatory.
- Tier II a/c: Voluntary savings facility available as an add-on.
