Want to register for New Pension System (NPS)?
New Pension System
Government of India has introduced New Pension System (NPS) with an aim to provide old-age security coverage and pension for all citizens of India. The scheme provides investors an option to avail reasonable market based returns over long term. Periodic contributions will get invested through Pension Fund Regulatory and Development Authority (PFRDA) appointed Pension Fund Managers (PFMs) in a combination of investment avenues as per the choice of investor.
Features & Benefits
Creation of Pension Corpus
NPS is designed as a voluntary saving scheme, with restricted withdrawal options. This ensures that the investor can set aside savings during his working life to create a pension corpus.
Investment in NPS is eligible for tax exemption under section 80CCD read with Section 80CCE of the Income Tax Act, 1961.
Market based Returns
NPS offers the investor an option to decide an asset allocation between Equity Instruments, Corporate Bonds and Government Securities, with upto 50% exposure to Equity instruments.
All charges levied under NPS are defined and regulated by PFRDA.
Promoted & Regulated by the Government of India
NPS is a Government of India initiative to provide old age security to all citizens of India.
Professional record-keeping and fund management
No entry and exit loads
Portability across jobs and locations