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- FIXED DEPOSIT
  
  Domestic Fixed Deposits
  
  General (1 year < 13 months)
  
  Sr. Citizen (1 year < 13 months)
  
  Less than 1Cr
  
  6.75%
  
  7.25%
  
  1Cr to Less than 5Cr
  
  6.50%
  
  7.00%
  
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  NRI Fixed Deposits
  
  NRO (1 year < 13 months)
  
  NRE (1 year < 13 months)
  
  Less than 1Cr
  
  6.75%
  
  6.75%
  
  1Cr to Less than 5Cr
  
  6.50%
  
  6.50%
  
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- LOANS
  
  Home (Upto Rs 28 Lac) (Floating)
  
  Loan Against Property
  
  Personal
  
  New Car
  
  MCLR+0.20% - 8.35%* p.a
  
  11.0% - 12.10%* p.a
  
  15.5% - 24%
  
  11% - 12%
  
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- SAVINGS ACCOUNT
  
  3.5% - 4%
  
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- FOREIGN CURRENCY EXCHANGE RATE
  
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- MCLR
  
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Accounts

National Pension System (NPS)

Secure income for your old age with this investment tool that offers market-based returns

LOCATE NEAREST BRANCH

Secure Income for Old Age

Investment tool that provides market-based returns

Choice of Investment Models

All Citizens Model
Corporate Sector Model

Two Account Options

Savings for Retirement - Non withdrawable
Voluntary Savings - Withdrawable

Dual Benefit for Investors

Life Annuity
Lump Sum Amount

Features and Benefits

Ensure income security in your old age

New Pension System (NPS) is an initiative taken by Pension Fund Regulatory Development Authority (PFRDA). The scheme is aimed at promoting income security for its investors at their old age and is also an investment tool that provides market-based returns.
Axis Bank has been appointed by PFRDA to act as one of the Point of Presence (POP) for the NPS. Presently, bank has designated 2316 branches to carry out the NPS activities as Point of Presence- Service Providers (POP-SP). PFRDA has introduced two models under the New Pension System

All Citizens Model - Available to all citizens of India
NPS Corporate Sector Model - Provide NPS benefits to the employees of corporate entities

All Citizens Model

Applicable to all Citizens of India and NRI's falling between the age group of 18 years to 60 years. Under NPS, two types of accounts are available to the subscriber- Tier I and Tier II. The contributions in Tier I account are savings for retirement and are non-withdrawable. Tier II account is a voluntary saving account.

Contribution

Tier 1
Minimum Contribution of Rs. 500 per contribution
Minimum Contribution Rs. 1,000/- p.a.
Minimum number of contribution – one p.a.

Tier 2
Minimum Contribution of Rs. 1,000 at the time of Account opening
Minimum number of contribution – one p.a.

Scheme Preference

NPS offers two approaches to invest money:
Active Choice- A subscriber has a choice of 6 Pension Fund Managers (PFM) and 3 Asset Classes for investment i.e. E, C, and G. Auto Choice- Lifecycle Fund (Please refer to the Offer Document for Table for Lifecycle Fund)

Withdrawals

Withdrawal is taxable under EET model Tier 1
No withdrawals allowed during vesting period except as per the norms prescribed by PFRDA Tier 2
No limit on withdrawals

**Failing minimum investment criteria leads to freezing of PRAN account as per the guidelines of PFRDA

Corporate Sector Model

The scheme features are common as in All Citizen Model. The differentiating features are as listed below

Corporate may join NPS through MOUs with any one of our existing authorized branches
The employees will come under NPS within the purview of employer-employee relationship.
Corporates can co-contribute for employees’ pension, select PFM for its employees.
Employer can claim tax benefit for the amount contributed towards pension of employees’ upto 10% of salary (Basic+DA) under ‘Business Expense’.
Employees contribution is eligible for tax exemption as per the Income Tax Act, 1961
Under the Corporate plan, registered employees (subscriber) have individual PRAN, portability across employment, sector and geography.