सभी नागरिक मॉडल

Benefits

The National Pension System (NPS) offers the following key benefits to subscribers:

• Regulated – NPS is regulated by PFRDA, a statutory body established under the PFRDA Act, 2013.
• Pension for All – Can be voluntarily subscribed to by any Indian Citizen (resident, non-resident, or Overseas Citizen of India).
• Low Cost – One of the lowest-cost pension schemes globally, enabling cost-effective retirement planning.
• Flexible – Subscribers can choose their Point of Presence (PoP), Central Recordkeeping Agency (CRA), Pension Fund Manager, and Asset Allocation. These choices can be revised as needed.
• Portable – NPS account is portable across employment types and geographic locations, ensuring continuity.
• Tax Efficient – Attractive tax benefits under the Income Tax Act, 1961 are available to NPS subscribers.
• Optimum Returns – Provides market-linked returns based on investment decisions made by the subscriber.
• Transparent – Subscribers enjoy 24x7 online access to their NPS account, with mandatory public disclosures ensuring transparency.

Enrolment

An NPS account can be opened through the following modes:

• Points of Presence (PoPs) registered with PFRDA – Available in online or physical mode List of PoPs

PoPs serve as the primary distribution channel and first point of contact for NPS applicants. Services offered include:

• Subscriber registration and KYC verification
• Receiving/uploading contributions
• Processing account update requests
• Facilitating choice changes, withdrawals, and grievance redressal
• Online Platform (eNPS) by NPS Trust – Open an NPS account online

Documents Required for NPS Enrollment
To generate an Individual Pension Account under NPS, submit the completed Subscriber Registration Form (CSRF/NRSF/online format) along with the following documents via physical or online mode:
For Resident Individuals:

• One recent photograph
• PAN Card
• Proof of address

For Non-Resident Indians (NRIs) and Overseas Citizens of India (OCIs): 

Non-resident Individual (NRI)	Overseas Citizen of India (OCI)
One Recent Photograph	One Recent Photograph
PAN Card	PAN Card
Indian Passport	OCI Card
Proof of address - India	Proof of address - foreign country
Proof for the Bank Account (NRE/NRO)	Proof for the Bank Account (NRE/NRO)

 

 

 

 

 

Refer to the subscriber registration form for the full list of acceptable proofs.

CONTRIBUTION - How to Contribute to Your NPS Account?

A subscriber can make unlimited contributions to their Tier-I or Tier-II NPS account, with no upper limit on the amount, using any of the following modes:
1. Physical Mode

• Visit any registered Point of Presence (PoP)
• Deposit contribution via cheque or cash along with the NPS Contribution Slip

2. Online Mode
a) Web-Based Options:

• Login to your NPS Pension Account
• Use the online contribution facility provided by PoPs
• Access the eNPS platform of NPS Trust

b) NPS Mobile App – Login and contribute using the app
c) D-Remit Facility – Create a Virtual ID linked to PRAN, with the option to use UPI and QR code
The contributions will be invested as per the subscriber’s selected Pension Fund and asset allocation, as recorded with the Central Recordkeeping Agency (CRA).

INVESTMENT CHOICES 

The NPS contributions made by a subscriber are invested as per the choices (Pension Fund and Asset Allocation) selected and recorded with the Central Recordkeeping Agency (CRA).
(A) Selection of Pension Funds
Subscribers can select any one of the Pension Funds registered with PFRDA.
To view the complete list, please click here.
(B) Investment Choice for Asset Allocation
Subscriber contributions are invested by the chosen Pension Fund in compliance with PFRDA’s investment guidelines across the following Asset Classes:

• Equity (E)
• Corporate Bonds (C)
• Government Securities (G)
• Alternate Assets (A)

Subscribers can select their investment approach via:
1. Active Choice
Subscribers actively decide the percentage allocation to each asset class:

• Equity (E): Up to 75%
• Corporate Bonds (C): Up to 100%
• Government Securities (G): Up to 100%
• Alternate Assets (A): Up to 5%

2. Auto Choice
Funds are automatically invested in pre-defined proportions across Equity, Corporate Bonds, and Government Securities based on the subscriber’s age:

• Allocation remains constant until age 35
• Equity allocation reduces gradually with age

Auto Choice is available through three Life Cycle Funds:
1. LC25 – Conservative Life Cycle Fund
2. LC50 – Moderate Life Cycle Fund (Default Option)
3. LC75 – Aggressive Life Cycle Fund

Withdrawal / Exit

Withdrawal and exit from the NPS Tier-I Account is subject to the following conditions:
(i) Partial Withdrawal

• Allowed after 3 years of account opening
• Up to 25% of subscriber’s own contributions can be withdrawn
• Permitted for specific purposes such as:
• Critical illness
• Disability
• Education or marriage of children
• Purchase of property
• Starting a new venture
• Maximum of 3 partial withdrawals allowed during the NPS tenure

(ii) Premature Exit

• Applicable after 5 years of joining
• If subscriber joined after 60 years, allowed after 3 years
• Up to 20% of the corpus can be withdrawn as lump sum
• At least 80% must be used to purchase an annuity for regular pension
• If the total corpus is less than Rs. 2.5 lakh, the entire amount is paid as lump sum

(iii) Normal Exit

• Allowed at 60 years of age (or after 3 years, if joined after 60)
• Up to 60% of the corpus can be withdrawn as lump sum
• Minimum 40% must be used to buy an annuity
• If the corpus is less than Rs. 5 lakh, full amount can be withdrawn as lump sum

Additional Exit Options

• Subscriber can continue in NPS up to 75 years of age or exit any time before 75
• At the time of exit, subscriber can:
• Defer withdrawal of the 60% lump sum until 75 years or withdraw in installments using Systematic Lump sum Withdrawal (SLW)
• Defer annuity purchase (40% corpus) until 75 years

In Case of Subscriber’s Death

• Nominee/legal heir is entitled to withdraw the entire accumulated corpus
• Option available to purchase annuity by nominee/family, if desired

Tier-II Account Withdrawal

• No restrictions on withdrawal from Tier-II NPS account
• Tier-II account will be closed compulsorily upon closure of the Tier-I account
   

Charges

Each intermediary is entitled to recover the following prescribed charges from the subscriber towards the services rendered by them:

Intermediary	Charge head	Service Charges*			Method of Deduction
Point of Presence	Subscriber registration	Minimum ₹ 200 to Maximum ₹ 400 (negotiable within slab only)			To Be collected Upfront
	Initial Contribution	Upto 0.5% of contribution amount Minimum ₹ 30/- Maximum ₹ 25000/- (negotiable within slab only)
	Subsequent transactions
	Non-Financial transactions	₹ 30
	Contribution through eNPS platform of NPS Trust	0.20% of contribution, Min. ₹ 15 Max. ₹ 10000 (for NPS All Citizen and Tier-II accounts)
	Trail commission for D-Remit Contributions	0.20% of the contribution amount (Minimum ₹ 15 and Maximum ₹ 10,000) (Only for NPS All Citizen and Tier – II Accounts)			Unit deduction on periodic basis
	Processing of withdrawal / exit	0.125% of corpus Minimum ₹125 Maximum ₹500			To be collected upfront
	Persistency Charges	₹ 50 per annum for annual contribution ₹ 1000 to ₹ 2999 ₹ 75 per annum for annual contribution ₹3 000 to ₹6 000 ₹100 per annum for annual contribution above ₹6 000 (only for NPS All Citizen)			Through cancellation of units
Central Recordkeeping Agency	Account Opening charges (One Time)*	Protean	K Fintech	CAMS
		₹ 40	₹ 39.36	₹ 40
	Account Maintenance Charges (Per Annum)	₹ 69	₹ 57.63	₹ 65
	Charge per transaction (Financial /non-financial)	₹ 3.75	₹ 3.36	₹ 3.50
Pension Fund	Investment Management Fee	0.03% - 0.09%			Adjustment in NAV of Scheme
NPS Trust	Reimbursement of Expenses	0.003% p.a. of Assets Managed
Custodian	Asset Servicing charges	0.000000001770% p.a. of assets in custody

* In case a subscriber opts not to have a physical PRAN Card or Welcome Kit, reduced account opening charges of CRA are applicable as under: