What is NPS?
The National Pension Scheme (NPS) is a voluntary, long-term retirement savings scheme regulated by PFRDA. It was launched by the Government of India to provide old-age security to all citizens. NPS allows you to build a retirement corpus through regular contributions. On retirement (age 60), you can withdraw up to 60% as a lump sum and must use at least 40% to purchase an annuity (monthly pension).
Tier I vs Tier II Account
Tier I Account (Mandatory)
Primary pension account with tax benefits. Withdrawal restrictions until age 60. Minimum annual contribution: ₹1,000. Tax deduction: Up to ₹1.5L (80C) + extra ₹50K (80CCD).
Tier II Account (Optional)
Voluntary savings account linked to NPS. No withdrawal restrictions — fully liquid. No additional tax benefit (except for govt employees). Minimum contribution: ₹250 per transaction.
Tax Benefits
💡 Total potential tax saving: Up to ₹2 lakh per year, making NPS highly attractive for taxpayers in the 30% bracket.
- Section 80C: Up to ₹1.5 lakh deduction on Tier I contributions
- Section 80CCD(1B): Additional ₹50,000 deduction exclusive to NPS
- Section 80CCD(2): Employer contributions up to 10% of salary are fully deductible
- Tax-free withdrawal: 60% of corpus on maturity is completely tax-free
How to Enroll
Visit our office or contact us online
Submit KYC documents (Aadhaar, PAN, bank details)
Choose fund manager and investment option (Active or Auto choice)
Make initial contribution (minimum ₹500)
Receive PRAN (Permanent Retirement Account Number)
Frequently Asked Questions
Who can open an NPS account?
Any Indian citizen between 18 and 70 years of age can open an NPS account, including NRIs.
Can I exit NPS before retirement?
Partial withdrawal (up to 25% of own contributions) is allowed after 3 years for specific purposes like higher education, medical treatment, or home purchase.
Plan Your Retirement Today
Speak to our NPS specialists and calculate how much you need to contribute to meet your retirement goals.
