New Pension Scheme

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.

  1. 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.
  2. 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/her working life to create a pension corpus.
  3. Tax Benefit - Investment in NPS is eligible for tax exemption under section 80CCD read with Section 80CCE of the Income Tax Act, 1961.
  4. Market based Returns - NPS offers the investor an option to decide an asset allocation between Equity Instruments, Corporate Bonds and Government Securities, with up to 50% exposure to Equity instruments.
  5. Low Charges - All charges levied under NPS are defined and regulated by PFRDA.
  6. Promoted and regulated by the Government of India.
  7. NPS is a Government of India initiative to provide old age security to all citizens of India. The details of the product are defined and regulated by PFRDA.
  8. Professional record-keeping and fund management.
  9. No entry and exit loads.
  10. Portability across jobs and locations.
Sr.No.State / Union Territory District/Town/City Branch Address
1Andhra PradeshHyderabadPlot No 31, Rohini Enclave Opposite Cyber Tower Madhapur Hyderabad Andhra Pradesh 500038
2Andhra PradeshHyderabad3-6-140/a, City centre complex, Himayatnagar, Hyderabad, Andhra pradesh, India - 500029
3Andhra PradeshHyderabad6-3-1109/1/p-g2, Jewel pawani tower, Somajiguda, Hyderabad, Andhra pradesh, India - 500082
4Andhra PradeshMedakH No 6-94, Nh - 9, Muthangi, Patan Cheru, Medak, Andhra Pradesh - 502300
5Andhra PradeshSecunderabad9-1-129/2, Oxford plaza, Sarojini devi road, Secunderabad, Andhra pradesh, India - 500003
6Andhra PradeshVijayawadaD no 40-1-48/1, Labbipet, M g road, Vijayawada, Andhra pradesh, India - 520010
7Andhra PradeshWarangalPlot no 13-4-158 & 158/1, Sainath arcade, Nr gopalswami temple, m g rd, Warangal, Andhra pradesh, India - 506002
8AssamGuwahatiGanpati enclave, Opp bora service petrol pump, Ulubari, Guwahati, Assam, India - 781007
9AssamJorhatGround & 1st floor, Dr. K.c.deys building, Junction of garali & rupahiali, Jorhat, Assam, India - 785001
10BiharPatnaShop no 3, 4, 5, Ahmad husain complex, Exhibition road, gandhi maidan, Patna, Bihar, India - 800001
11ChandigarhChandigarhS.C.O. 153 -154 -155 Sector 9, C- Madhya Marg Chandigarh Chandigarh Chandigarh 160017
12ChhatisgarhBilaspur1St & Gr Floor, Sonchhatra Compound, Rnt Square, High Court Road, Bilaspur, Chhatisgarh - 495001
13ChhattisgarhRaipurSinghania house, Civil lines, Opp m g museum , Raipur, Chhattisgarh, India - 492001
14Dadra & Nagar haveliSilvassaShop no.1, 2, 3, 4, 5, 13 & 14, Roshan avenue - a, Vapi - silvassa main road, Dadra & nagar haveli , Gujarat, India - 396230
15DelhiDelhi739, 1st floor, Katra hardayal, Chandni chowk, New Delhi, India - 110006
16DelhiDelhiGr floor, Ambadeep, 14, kasturbha gandhi marg, Connaught place, New Delhi, India - 110001
17DelhiDelhiM-43 A, M Block Market Greater Kailash - Ii New Delhi Delhi Delhi 110048
18DelhiDelhiGround floor, Shop # 1, 2, 3, 6, 6A, Basement floor, Shop no. B -1, Deenar Bhavan, 44, Nehru Place, New Delhi - 110 019
19DelhiDelhiD-960, New Friends Colony, Near Mata ka Mandir, New Delhi - 110 065
20DelhiDelhi7, Ground Floor, Bharti Artists Colony, Preet Vihar ,Vikas Marg, New Delhi - 110 092
21DelhiDelhi4 Sector IV Market, North - West Avenue Rd., Club Road, Punjabi Bagh, New Delhi - 110 026
22DelhiDelhiA-1/24, Safdarjung Enclave, New Delhi - 110 029
23DelhiDelhi1st floor, shop no 101-102, Bhagwati plaza, Plot no 12, sector 5, Dwarka, New Delhi, India - 110075
24DelhiDelhiD-209, ground floor, Ring road, Mansarover garden, New Delhi, India - 110018
25DelhiDelhi16/10, Gr Floor, Arya Samaj Road, Karol Bagh, New Delhi, New Delhi - 110005
26DelhiDelhi21, Community Centre, Yusuf Sarai, Gulmohar Park, New Delhi - 110049
27DelhiDelhiA-270, Defence Colony, Bishma Pitamah Marg, New Delhi - 110024
28DelhiDelhiA-3/12, Ground Floor, Janakpuri, New Delhi, New Delhi - 110058
29DelhiDelhiB - I, Gujranwala Town -I , Model Town, New Delhi, New Delhi - 110009
30DelhiDelhiC-71, Malviya Nagar, Shivalik Road, New Delhi, New Delhi - 110017
31DelhiDelhiF - 19/12, Gr Floor, Sector - 8, Rohini, New Delhi - 110085
32DelhiDelhiG/5-9, Plot No 1 & 2, Local Shopping Complex, Pamposh Enclave, G K I, New Delhi, New Delhi - 110048
33DelhiDelhiHarphool Singh Market, Rzd-2, Main Dwarka Janakpuri Rd, Mahavir Enclave, Palam, New Delhi - 110045
34DelhiDelhiJ - 13/65, Rajouri Garden, New Delhi - 110027
35DelhiDelhiLsc, Okhla Industrial Area Phase - Ii, Okhla, New Delhi - 110020
36DelhiDelhiM - 57, Lajpat Nagar - 2, New Delhi - 110024
37DelhiDelhi79, Old rajinder nagar market, Old rajinder nagar, New Delhi, India - 110060
38DelhiDelhiE-25, Ground floor, Saket, New Delhi, India - 110017
39DelhiDelhiD-10, no 1&2, Local shopping centre, D block, Vasant vihar, New Delhi, India - 110057
40GoaMargaoShop no 4-8, Jyoti plaza, Isidiro baptista road, Margao, Goa, India - 403601
41GoaPanjimGr floor, Hotel park plaza, Opp azad maidan, Panjim, Goa, India - 403001
42GujaratAhmedabadGround Floor, Chandan House Opp Abhijit Ii, Navrangpura Mithakali Six Roads,Ahmedabad Ahmedabad Gujarat 380009
43GujaratAhmedabadPrime Plaza, Ground floor, Opp. Rajiv Bhai Tower, Maninagar, Ahmedabad - 380008
44GujaratAhmedabadShop No. 6 & 7, Shidhivinayak Complex, Shivranjini Char Rasta, Satellite, Ahmedabad, Gujarat - 380015 
45GujaratAhmedabadBlock no 565, tobhan smruti, Sarkhej bavla, nh 8a, Changodar, Ahmedabad, Gujarat, India - 382213
46GujaratAhmedabadGr floor, d block, Shree ghantakarna mahavir mkt, Sarangpur, Ahmedabad, Gujarat, India - 380002
47GujaratAhmedabadGr Floor, Ishwar Complex, Drive In Road, Gurukul, Ahmedabad, Gujarat - 380052
48GujaratAhmedabadShop No 21&22, Akshar Complex, Mandal Road, Post Viramgam, Ahmedabad, Gujarat - 382150
49GujaratAmreliGr & 1St Floor , Parekh Chamber, Dr Jivraj Mehta Chowk, Amreli, Gujarat - 365601
50GujaratAnkleshwarShop no 11-12, 12 a narmada arcade, Old nh 8, Ankleshwar, Gujarat, India - 393002
51GujaratBardoliPitru chaya, Station road, Bardoli, Gujarat, India - 394601
52GujaratBarodaPanorama Building R C Dutt Road Alkapuri, Vadodara Baroda Gujarat 390005
53GujaratBhavnagarPlot no 2108-a, Sterling centre, takhteshwar plot, Waghwadi road, Bhavnagar, Gujarat, India - 364001
54GujaratBodeliFirst floor, shop no 9-11, Gajanand plaza, opp s t depot, Halol road, alipura, Bodeli, Gujarat, India - 391135
55GujaratDahodGround floor, Central park, Durga mills compound, gadi rd, Dahod, Gujarat, India - 389151
56GujaratDeesaShop no 63-66, gr floor, Aditya complex, new bus stand, Nh-14, nr jalaram mandir, Deesa, Gujarat, India - 385535
57GujaratGandhi NagarPlot No.319, Sector - 16, Gh Road, Gandhi Nagar Gandhi Nagar Gujarat 382016
58GujaratHalol1St Floor , Shyam Sharad Complex, Baroda Road, Halol, Gujarat - 389350
59GujaratHimmatnagarGr floor , Jagubhai dodia complex, Near civil circle, Himmatnagar, Gujarat, India - 383001
60GujaratJamnagarGr Floor, Sunidhi, Opp St. Ann'S School, Park Colony, Jamnagar, Gujarat - 361008
61GujaratKadi, mehsanaKunal complex, Opp j k petrol pump, Highway cross roads, Kadi, mehsana, Gujarat, India - 382715
62GujaratKutchOffice no 1, sindhu - i, ground floor, Plot no.309, ward 12/b, Gandhidham, Kutch, Gujarat, India - 370201
63GujaratMehsanaRajendra estate, Opp gayatri temple, State highway, Mehsana, Gujarat, India - 384002
64GujaratMehsana1st floor , Rajkamal comp

You can simply walk into a Kotak Mahindra Bank branch and apply for a Permanent Retirement Account Number (PRAN) by filling up a simple application form.

Once your PRAN has been generated you can make your subsequent contribution by setting up standing instruction (SI) into your Kotak Mahindra bank account. You can also make ad hoc contributions by visiting designated branch of Kotak Mahindra Bank or any other Point of Presence Service Provider appointed by PFRDA.

The information specified herein is not exhaustive.

For more information, walk into your nearest designated Kotak Mahindra Bank Branch or contact our 24-hour Customer Contact Centre at 1800 102 6022 or log on to

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