National Pension System

National Pension System (NPS)

National Pension System

National Pension System (formerly known as National Pension Scheme) is an investment cum pension scheme initiated by Government of India to provide old age security and pension to all citizens of India. It is an investment tool that provides market –based returns. Since it offers exposure to both debt and equity instruments, NPS offers attractive returns over the long term. Other advantages of NPS include additional tax benefits and the option to invest, check scheme details and transfer funds online. Axis Bank has been appointed by PFRDA to acts as one of the Points of Presence (POP) for NPS.

There are two models available under NPS :

  • All Citizen Model- Available to all citizens of India
  • Corporate Sector Model- Provide NPS benefits to the employee of corporate entities