National Pension System

• Portable
• Low cost of investment
• Prudently regulated by PFRDA
• Choice of funds, fund managers and investment options
• Exclusive Tax Benefit
• Increase / decrease the investment amount for the year
• Select different asset allocation, scheme preference and pension fund manager for Tier I and Tier II accounts
• Nominate different nominees for their Tier I and Tier II accounts

This model is applicable to all Citizens of India and NRIs falling between the age group of 18 years to 65 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.

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
• Additional deduction for investments up to Rs 50,000 can also be availed
• Under the Corporate plan, registered employees (subscriber) have individual PRAN, portability across employment, sector and geography

Tier 1 - No withdrawals allowed during investing 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