National Pension System (NPS)

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

KFintech (Kfin Technologies Ltd)

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NSDL (Protean eGov Technologies Ltd)

Contribute here For National Pension System

CAMS (Computer Age Management Services Ltd)

Contribute Lumpsum For National Pension System Contribute SIP For National Pension System

Are you a subscriber interested in undergoing online training on NPS/APY, if so please Click here

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Disclaimer
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Dear User,

At your request, you are being redirected to a third-party website. Kindly read and agree with the disclaimer before proceeding forward.

This is to inform you that by clicking on the “Accept” button, you will be redirected to access a website which is operated by a Third Party namely KFin Technologies Limited, which is a PFRDA registered Central Recordkeeping Agency (CRA). Such links are provided only for your convenience, and Axis Bank does not control or endorse third -party websites, also the Bank carry no responsibility of their contents. The use of third-party website would be subject to the terms and conditions of usage which are stipulated therein and the same would take precedence over the terms and conditions of usage of www.axisbank.com in case of conflict between them. Any actions taken or obligations created voluntarily by the person(s) (users) who access such websites shall be directly between the user and the owner of websites. Axis Bank shall not be responsible directly or indirectly for such action so taken.

Also, in case you do not have any existing active relationship with Axis Bank, you grant the consent for Axis Bank to create a NCIF (Customer ID) for our internal record maintenance purposes as required by PFRDA regulations. This ID will be generated basis the personal details including KYC details shared with CRA. Thank you for visiting www.axisbank.com

Moreover, you hereby declare that you are a bonafide subscriber of the National Pension System (NPS), and that all contributions made to your Tier I or Tier II account(s) is/are from your own bank account and are funded through legitimate sources.

Disclaimer
CancelAccept

Dear User,

At your request, you are being redirected to a third-party website. Kindly read and agree with the disclaimer before proceeding forward.

This is to inform you that by clicking on the “Accept” button, you will be redirected to access a website which is operated by a Third Party namely KFin Technologies Limited, which is a PFRDA registered Central Recordkeeping Agency (CRA). Such links are provided only for your convenience, and Axis Bank does not control or endorse third -party websites, also the Bank carry no responsibility of their contents. The use of third-party website would be subject to the terms and conditions of usage which are stipulated therein and the same would take precedence over the terms and conditions of usage of www.axisbank.com in case of conflict between them. Any actions taken or obligations created voluntarily by the person(s) (users) who access such websites shall be directly between the user and the owner of websites. Axis Bank shall not be responsible directly or indirectly for such action so taken.

Also, in case you do not have any existing active relationship with Axis Bank, you grant the consent for Axis Bank to create a NCIF (Customer ID) for our internal record maintenance purposes as required by PFRDA regulations. This ID will be generated basis the personal details including KYC details shared with CRA. Thank you for visiting www.axisbank.com

Moreover, you hereby declare that you are a bonafide subscriber of the National Pension System (NPS), and that all contributions made to your Tier I or Tier II account(s) is/are from your own bank account and are funded through legitimate sources.

Disclaimer
CancelAccept

Dear User,

At your request, you are being redirected to a third-party website. Kindly read and agree with the disclaimer before proceeding forward.

This is to inform you that by clicking on the “Accept” button, you will be redirected to access a website which is operated by a Third Party namely KFin Technologies Limited, which is a PFRDA registered Central Recordkeeping Agency (CRA). Such links are provided only for your convenience, and Axis Bank does not control or endorse third -party websites, also the Bank carry no responsibility of their contents. The use of third-party website would be subject to the terms and conditions of usage which are stipulated therein and the same would take precedence over the terms and conditions of usage of www.axisbank.com in case of conflict between them. Any actions taken or obligations created voluntarily by the person(s) (users) who access such websites shall be directly between the user and the owner of websites. Axis Bank shall not be responsible directly or indirectly for such action so taken.

Also, in case you do not have any existing active relationship with Axis Bank, you grant the consent for Axis Bank to create a NCIF (Customer ID) for our internal record maintenance purposes as required by PFRDA regulations. This ID will be generated basis the personal details including KYC details shared with CRA. Thank you for visiting www.axisbank.com

Moreover, you hereby declare that you are a bonafide subscriber of the National Pension System (NPS), and that all contributions made to your Tier I or Tier II account(s) is/are from your own bank account and are funded through legitimate sources.

Disclaimer
CancelAccept

Dear User,

At your request, you are being redirected to a third-party website. Kindly read and agree with the disclaimer before proceeding forward.

This is to inform you that by clicking on the “Accept” button, you will be redirected to access a website which is operated by a Third Party namely KFin Technologies Limited, which is a PFRDA registered Central Recordkeeping Agency (CRA). Such links are provided only for your convenience, and Axis Bank does not control or endorse third -party websites, also the Bank carry no responsibility of their contents. The use of third-party website would be subject to the terms and conditions of usage which are stipulated therein and the same would take precedence over the terms and conditions of usage of www.axisbank.com in case of conflict between them. Any actions taken or obligations created voluntarily by the person(s) (users) who access such websites shall be directly between the user and the owner of websites. Axis Bank shall not be responsible directly or indirectly for such action so taken.

Also, in case you do not have any existing active relationship with Axis Bank, you grant the consent for Axis Bank to create a NCIF (Customer ID) for our internal record maintenance purposes as required by PFRDA regulations. This ID will be generated basis the personal details including KYC details shared with CRA. Thank you for visiting www.axisbank.com

Moreover, you hereby declare that you are a bonafide subscriber of the National Pension System (NPS), and that all contributions made to your Tier I or Tier II account(s) is/are from your own bank account and are funded through legitimate sources.

Disclaimer
CancelAccept

Dear User,

At your request, you are being redirected to a third-party website. Kindly read and agree with the disclaimer before proceeding forward.

This is to inform you that by clicking on the “Accept” button, you will be redirected to access a website which is operated by a Third Party namely NSDL e-Governance Infrastructure Limited, which is a PFRDA registered Central Recordkeeping Agency (CRA). Such links are provided only for your convenience, and Axis Bank does not control or endorse third -party websites, also the Bank carry no responsibility of their contents. The use of third-party website would be subject to the terms and conditions of usage which are stipulated therein and the same would take precedence over the terms and conditions of usage of www.axisbank.com in case of conflict between them. Any actions taken or obligations created voluntarily by the person(s) (users) who access such websites shall be directly between the user and the owner of websites. Axis Bank shall not be responsible directly or indirectly for such action so taken.

Also, in case you do not have any existing active relationship with Axis Bank, you grant the consent for Axis Bank to create a NCIF (Customer ID) for our internal record maintenance purposes as required by PFRDA regulations. This ID will be generated basis the personal details including KYC details shared with CRA. Thank you for visiting www.axisbank.com

Moreover, you hereby declare that you are a bonafide subscriber of the National Pension System (NPS), and that all contributions made to your Tier I or Tier II account(s) is/are from your own bank account and are funded through legitimate sources.

Disclaimer
CancelAccept

Dear User,

At your request, you are being redirected to a third-party website. Kindly read and agree with the disclaimer before proceeding forward.

This is to inform you that by clicking on the “Accept” button, you will be redirected to access a website which is operated by a Third Party namely NSDL e-Governance Infrastructure Limited, which is a PFRDA registered Central Recordkeeping Agency (CRA). Such links are provided only for your convenience, and Axis Bank does not control or endorse third -party websites, also the Bank carry no responsibility of their contents. The use of third-party website would be subject to the terms and conditions of usage which are stipulated therein and the same would take precedence over the terms and conditions of usage of www.axisbank.com in case of conflict between them. Any actions taken or obligations created voluntarily by the person(s) (users) who access such websites shall be directly between the user and the owner of websites. Axis Bank shall not be responsible directly or indirectly for such action so taken.

Also, in case you do not have any existing active relationship with Axis Bank, you grant the consent for Axis Bank to create a NCIF (Customer ID) for our internal record maintenance purposes as required by PFRDA regulations. This ID will be generated basis the personal details including KYC details shared with CRA. Thank you for visiting www.axisbank.com

Moreover, you hereby declare that you are a bonafide subscriber of the National Pension System (NPS), and that all contributions made to your Tier I or Tier II account(s) is/are from your own bank account and are funded through legitimate sources.

Disclaimer
CancelAccept

Dear User,

At your request, you are being redirected to a third-party website. Kindly read and agree with the disclaimer before proceeding forward.

This is to inform you that by clicking on the “Accept” button, you will be redirected to access a website which is operated by a Third Party namely CAMS, which is a PFRDA registered Central Recordkeeping Agency (CRA). Such links are provided only for your convenience, and Axis Bank does not control or endorse third -party websites, also the Bank carry no responsibility of their contents. The use of third-party website would be subject to the terms and conditions of usage which are stipulated therein and the same would take precedence over the terms and conditions of usage of www.axisbank.com in case of conflict between them. Any actions taken or obligations created voluntarily by the person(s) (users) who access such websites shall be directly between the user and the owner of websites. Axis Bank shall not be responsible directly or indirectly for such action so taken.

Also, in case you do not have any existing active relationship with Axis Bank, you grant the consent for Axis Bank to create a NCIF (Customer ID) for our internal record maintenance purposes as required by PFRDA regulations. This ID will be generated basis the personal details including KYC details shared with CRA. Thank you for visiting www.axisbank.com

Moreover, you hereby declare that you are a bonafide subscriber of the National Pension System (NPS), and that all contributions made to your Tier I or Tier II account(s) is/are from your own bank account and are funded through legitimate sources.

Disclaimer
CancelAccept

Dear User,

At your request, you are being redirected to a third-party website. Kindly read and agree with the disclaimer before proceeding forward.

This is to inform you that by clicking on the “Accept” button, you will be redirected to access a website which is operated by a Third Party namely CAMS, which is a PFRDA registered Central Recordkeeping Agency (CRA). Such links are provided only for your convenience, and Axis Bank does not control or endorse third -party websites, also the Bank carry no responsibility of their contents. The use of third-party website would be subject to the terms and conditions of usage which are stipulated therein and the same would take precedence over the terms and conditions of usage of www.axisbank.com in case of conflict between them. Any actions taken or obligations created voluntarily by the person(s) (users) who access such websites shall be directly between the user and the owner of websites. Axis Bank shall not be responsible directly or indirectly for such action so taken.

Also, in case you do not have any existing active relationship with Axis Bank, you grant the consent for Axis Bank to create a NCIF (Customer ID) for our internal record maintenance purposes as required by PFRDA regulations. This ID will be generated basis the personal details including KYC details shared with CRA. Thank you for visiting www.axisbank.com

Moreover, you hereby declare that you are a bonafide subscriber of the National Pension System (NPS), and that all contributions made to your Tier I or Tier II account(s) is/are from your own bank account and are funded through legitimate sources.

Disclaimer
CancelAccept

Dear User,

At your request, you are being redirected to a third-party website. Kindly read and agree with the disclaimer before proceeding forward.

This is to inform you that by clicking on the “Accept” button, you will be redirected to access a website which is operated by a Third Party namely CAMS, which is a PFRDA registered Central Recordkeeping Agency (CRA). Such links are provided only for your convenience, and Axis Bank does not control or endorse third -party websites, also the Bank carry no responsibility of their contents. The use of third-party website would be subject to the terms and conditions of usage which are stipulated therein and the same would take precedence over the terms and conditions of usage of www.axisbank.com in case of conflict between them. Any actions taken or obligations created voluntarily by the person(s) (users) who access such websites shall be directly between the user and the owner of websites. Axis Bank shall not be responsible directly or indirectly for such action so taken.

Also, in case you do not have any existing active relationship with Axis Bank, you grant the consent for Axis Bank to create a NCIF (Customer ID) for our internal record maintenance purposes as required by PFRDA regulations. This ID will be generated basis the personal details including KYC details shared with CRA. Thank you for visiting www.axisbank.com

Moreover, you hereby declare that you are a bonafide subscriber of the National Pension System (NPS), and that all contributions made to your Tier I or Tier II account(s) is/are from your own bank account and are funded through legitimate sources.

NPS - National Pension System Scheme

National Pension System (NPS), is an investment tool designed to help you save money while you are employed and ensure a regular stream of income post-retirement. Backed by the Indian government, NPS is designed to suit the varied requirements of different classes of citizens. NPS offers the opportunity to invest in asset classes such as equity and debt and offers market-linked returns. Additionally, tax saving is another inherent feature of this investment avenue that is regulated by the Pension Fund Regulatory and Development Authority (PFRDA). Read more to learn about this retirement planning tool, its features and benefits, and other details.

Fees and charges of NPS
IntermediaryServiceCharges*Method of Deduction
Point of Presence (PoP) (i) Initial Subscriber Registration Upto maximum ₹400/- To be collected upfront
(ii) Initial ContributionUpto 0.50% of the contribution, subject to maximum ₹25000/-
(iii) All Subsequent Contribution
(iv) All Non-Financial Transaction Upto maximum ₹30/-
(v) Persistency* ₹50/- p.a. for annual contribution
₹1000/ to ₹2999/-
₹75/- p.a. for annual contribution
₹3000/ to ₹6000/- 		Through cancellation of units
 ₹100/- p.a. for annual contribution above ₹6000/- (Only for NPS All Citizen model)  
(vi) e-NPS (for subsequent contribution) Upto 0.20% of the contribution, subject to maximum ₹10,000/-
(Only for NPS All Citizen and Tier - II Accounts) 		To be collected upfront
(vii) Trail commission for DRemit Contributions Upto 0.20% of the contribution subject to maximum ₹ 10,000/-
(Only for NPS All Citizen and Tier - II Accounts) 		Through unit deduction on periodical basis
(viii) Processing of Exit/Withdrawal Upto 0.125% of Corpus subject to maximum ₹500/- To be collected upfront
*1. Persistency charges is payable to such POPs to which the subscriber is associated for more than six months in a financial year.
2. Minimum contribution per transaction is ₹500/- and minimum annual contribution is ₹1000/-
3. GST or other taxes as applicable, shall be additional.
Steps to open NPS Account Online

You can start your retirement planning and save for your retirement corpus by opening an NPS account online using these simple steps:

1. Visit the NPS Website: Go to the official NPS website or visit a Point of Presence (POP) like a bank for a new NPS Account opening.

2. Choose the type of account: Select the type of pension account between Tier I and Tier II and create an NPS account. Note that a Tier I account is mandatory for opening an NPS account.

3. Select the Pension Fund Manager: There are 11 Pension Fund Managers (PFM) listed under the NPS; choose the preferred one.

4. Select the mode of investment: You can choose between two modes - Auto and Active. If you opt for Auto Choice, your portfolio will be adjusted based on the current trends, and if you go for Active Choice, you can choose the assets yourself.

5. Complete the registration form: Fill out the online registration form by entering your personal details, contact information, and nominee details.

6. Submit KYC documents: Provide Know Your Customer (KYC) documents, which include identity proof, address proof, a photograph, etc.

7. Make the initial pension contribution: Deposit the first pension contribution amount as specified by the chosen type of account. For example, the minimum contribution for a Tier I account is ₹500.

8. Receive PRAN: After you submit your details successfully, you will receive a Permanent Retirement Account Number (PRAN), which is required for future reference.

Registering via Axis Bank NPS Portal

You can also create an NPS account through the Axis Bank website. Here are the steps to follow:

  • Go to Axis Bank’s official website.
  • Go to the National Pension System (NPS) page, listed under the dropdown menu of “Explore Products”.
  • Click on “Apply Now” and accept the terms. After that, it will take you to a third-party website to complete the registration process.
  • Read the instructions carefully and complete the registration using your preferred method. You can complete the registration using:
    • Aadhaar Paperless Offline e-KYC
    • Aadhar or Driving License through Digilocker

How to Open National Pension System (NPS)?

To access your account, you will have to log in to the NSDL or Kfintech, which are the two official Central Recordkeeping Agencies (CRA) for NPS. You can log in to NPS open online using the following steps:

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STEP 1

Go to the official eNPS online website and go to the login page.

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STEP 2

Enter your 12-digit Permanent Retirement Account Number (PRAN), which you receive after a successful registration.

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STEP 3

Enter your date of birth, click on Set Password, and confirm the entered password.

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STEP 4

An IPIN will be generated for logging into your account.

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STEP 5

Go to the NSDL NPS online page and select the option to log in with IPIN.

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STEP 6

Enter your PRAN or IPIN to proceed to access your NPS pension policy account.

Frequently asked questions (FAQs)

What is the NPS pension scheme?

The NPS pension plan is a pension reform tool designed to enable every citizen of this country to invest for their retirement and enjoy the benefits at pension maturity. It is a government scheme which offers different models and types of investments for anyone between 18 and 70 years of age.

How much pension wealth will I get under NPS?

Your pension payout depends on several factors, such as monthly contributions, annuity purchases, total years of contribution, etc. Additionally, to determine the payout before you finalise your NPS investment, you can do the pension calculation yourself by using the Pension Calculator tool.

Is the NPS pension policy a better investment option than PPF?

While both the investment options are government backed, PPF has a fixed rate of interest, whereas NPS is market-linked with a low risk. However, the returns in NPS are higher than PPF. So, select based on your investment needs.

Is NPS risk-free?

No, an NPS is not entirely risk-free as it is linked to the market. However, it is governed by the pension regulator, PFRDA, making it a safe investment option.

Additionally, you can opt for Atal Pension Yojana if you wish to earn a guaranteed amount of pension in retirement.

What is the interest rate of NPS?

Interest rates depend on factors such as choice of the NPS class, pension contributions, choice of Pension Fund Managers, and type of NPS account. Additionally, the returns are market-linked, so the interest rates vary and may range from 9% to 12% p.a.

Which type of National Pension System is best?

A Tier I account is best suited for retirement planning, and a Tier II account enhances your investments and acts as a retirement savings tool. So, depending on your investment goals and needs, you can choose the best type for you.

Blogs

How to plan finances in the post-retirement phase of life

How to build a robust retirement corpus with NPS?

You can withdraw from your NPS account before maturity