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    Why Choose NPS?

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    1) Flexibility in Investments

    Choose from equity, corporate bonds, and government securities. Allocate your funds as per your risk appetite with Active Choice or let experts manage your portfolio with Auto Choice.

    2) Attractive Returns

    NPS has consistently delivered competitive market-linked returns, often outperforming traditional investment options like PPF and FD.

    3) Unmatched Tax Benefits

    Deduction of up to ₹1.5 lakh under Section 80C of the Income Tax Act. An additional ₹50,000 under Section 80CCD(1B) exclusively for NPS investments. Tax-efficient withdrawal at retirement, with 60% of the corpus tax-free.

    4) Portable and Universal

    Manage your account from anywhere in India, regardless of job or location changes. A unique Permanent Retirement Account Number (PRAN) stays with you for life.

    5) Low Costs, High Efficiency

    Enjoy one of the lowest fund management costs compared to other investment options. Greater savings over the long term means higher corpus growth.

    Types of NPS Account

    NPS offers two types of accounts to cater to different financial goals and flexibility needs:

    1. Tier I Account

    Mandatory Retirement Account

    Mandatory Retirement Account

    Tier II Account

    Optional Investment Account

    Optional Investment Account

    Key Features of the National Pension System (NPS)

    1. Eligibility

    Open to Indian citizens and Non-Resident Indians (NRIs) aged 18 to 70 years. Aadhaar and PAN card required for registration.

    2. Flexible Investment Choices

    Active Choice: Decide your asset allocation among equity (E), corporate bonds (C), and government securities (G). Auto Choice: A lifecycle-based investment approach that adjusts allocation as per your age.

    3. Tax Benefits

    Under Section 80C: Deduction up to ₹1.5 lakh per annum. Additional ₹50,000 under Section 80CCD(1B), making it one of the most tax-efficient instruments. Partial tax exemption on withdrawals at maturity (60% of the corpus is tax-free).

    4. Dual Accounts

    Tier I Account: Mandatory for retirement savings; limited withdrawal options. Tier II Account: Voluntary savings account with flexible withdrawals (no tax benefits).

    5. Pension Fund Managers (PFMs)

    Choose from 7 trusted fund managers to manage your portfolio professionally.

    6. Low Fund Management Costs

    Among the lowest fund management charges in the market, maximizing long-term returns.

    Key Features of the National Pension System (NPS)

    Key Features:

    • Purpose: Long-term retirement savings.
    • Minimum Contribution:
      • ₹500 per contribution.
      • ₹1,000 annually to keep the account active.
    • Withdrawals:
      • Partial withdrawals allowed for specific purposes like higher education, marriage, medical treatment, or home purchase (up to 25% of own contributions after 3 years).
      • Full withdrawal allowed at retirement (60% tax-free; 40% must be used for purchasing an annuity).
    • Tax Benefits:
      • Contributions eligible for deduction up to ₹1.5 lakh under Section 80C.
      • Additional deduction of ₹50,000 under Section 80CCD(1B).
    • Lock-in Period: Till the age of 60 (retirement).

    Key Features:

    • Purpose: Voluntary savings with no restrictions on withdrawals.
    • Minimum Contribution:
      • ₹250 per contribution.
      • No minimum annual contribution requirement.
    • Withdrawals:
      • Unlimited withdrawals allowed at any time.
      • No lock-in period for general investments (except for government employees claiming tax benefits, where a 3-year lock-in applies).
    • Tax Benefits:
      • No tax benefits for general investors.
      • Tax benefits available for government employees under Section 80C (subject to conditions).
    • Flexibility: Acts as a liquid investment option alongside the Tier I account.
     
    Feature Tier I Account Tier II Account
    Purpose Mandatory retirement savings Voluntary savings
    Minimum Contribution ₹500 per contribution; ₹1,000 annually ₹250 per contribution; no annual limit
    Tax Benefits Yes, under Section 80C & 80CCD(1B) No (except for government employees)
    Lock-in Period Till age 60 (retirement) None (except for certain cases)
    Withdrawal Restricted with conditions Unlimited withdrawals anytime

    Take Control of Your Future Today!

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