How to Invest in National Pension Scheme?

Online

The online registration process is easy and quick. Once the NPS subscriber submits the registration form and relevant documents, they will be redirected to a payment gateway for completing the payment towards their NPS account.

Offline

The subscriber should visit our branch for offline registration. They need to fill in the registration form along with the relevant KYC form and initial contribution. Once the application is processed the CRA (Central Record Keeping Agency) will dispatch PRAN (Permanent Retirement Account Number) and the password.

Account Types for NPS

Under the National Pension System, the NPS subscriber can open two types of accounts Tier I and Tier II.

Only subscribers holding Tier 1 accounts can open a Tier 2 account.

Particulars	Tier I	Tier II
Status	Permanent(Mandatory)	Voluntary
Eligibility	Anyone aged between 18 to 70 years	NPS Tier I account holders
StatusLock-in period	60 years	NA
Min. contribution (at account opening)	INR 500	INR 250
Min. annual contribution	INR 1000	NA
Withdrawals	60% of the corpus can be withdrawn in a lump sum. The remaining 40% has to be used to purchase an annuity plan	The entire corpus can be withdrawn as a lump sum, or in multiple redemptions without any limit.
Tax on withdrawals	On maturity, the entire corpus is tax-exempt	The amount is added to the subscribers taxable income and is taxed as per the applicable tax rates

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HOW TO INVEST IN NPS

Online

Offline

Account Types for NPS