For MSMEs with turnover up to ₹30 Cr
/54_axis-bank_rewamp-banner_investment_national-pension-system-(nps)_desktop_1366-x-400-px-copy-2.webp?sfvrsn=976913b3_1 "National Pension Scheme nps")
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... Read More
This model is applicable to all Citizens of India and NRIs falling between the age group of 18 years to 70 years.
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You can start your retirement planning and save for your retirement corpus by opening an NPS account online using these simple steps:
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.
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.
Select the Pension Fund Manager:
There are 11 Pension Fund Managers (PFM) listed under the NPS; choose the preferred one.
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.
Complete the registration form:
Fill out the online registration form by entering your personal details, contact information, and nominee details.
Submit KYC documents:
Provide Know Your Customer (KYC) documents, which include identity proof, address proof, a photograph, etc.
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.
Receive PRAN:
After you submit your details successfully, you will receive a Permanent Retirement Account Number (PRAN), which is required for future reference.
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”.
Choose the option you want to apply for 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:
| Intermediary | Service | Charges* | Method of Deduction |
|---|---|---|---|
| Point of Presence (PoP) | (i) Initial Subscriber Registration | Upto maximum ₹400/- | To be collected upfront |
| (ii) Initial Contribution | Upto 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. |
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The NPS Vatsalya scheme, introduced in the Union Budget 2024, is a government-backed initiative under the National Pension System aimed at securing the financial future of minors. It allows parents or legal guardians to invest in a pension account on behal... Read More
**Failing minimum investment criteria leads to freezing of PRAN account as per the guidelines of PFRDA
This model is applicable to all Citizens of India and NRIs falling between the age group of 18 years to 70 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.
Axis Bank has designated branches for NPS. You can visit your nearest Axis Bank branch with all the required documents and fill out the national pension system application form. You can download NPS application form below:
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
At your request, you are being redirected to a third party site. Please read and agree with the disclaimer before proceeding further.
This is to inform you that by clicking on the "Accept" button, you will be accessing a website operated by a third party namely NSDL. Such links are provided only for the convenience of the client and Axis Bank does not control or endorse such websites, and is not responsible for their contents. The use of such websites would be subject to the terms and conditions of usage as stipulated in such websites and 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) accessing such web sites shall be directly between such person and the owner of such websites and Axis Bank shall not be responsible directly or indirectly for such action so taken. Thank you for visiting www.axisbank.com
At your request, you are being redirected to a third party site. Please read and agree with the disclaimer before proceeding further.
This is to inform you that by clicking on the "Accept" button, you will be accessing a website operated by a third party namely NSDL. Such links are provided only for the convenience of the client and Axis Bank does not control or endorse such websites, and is not responsible for their contents. The use of such websites would be subject to the terms and conditions of usage as stipulated in such websites and 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) accessing such web sites shall be directly between such person and the owner of such websites and Axis Bank shall not be responsible directly or indirectly for such action so taken. Thank you for visiting www.axisbank.com
At your request, you are being redirected to a third party site. Please read and agree with the disclaimer before proceeding further.
This is to inform you that by clicking on the "Accept" button, you will be accessing a website operated by a third party namely KFintech (Kfin Technologies Ltd). Such links are provided only for the convenience of the client and Axis Bank does not control or endorse such websites, and is not responsible for their contents. The use of such websites would be subject to the terms and conditions of usage as stipulated in such websites and would take precedence over the terms and conditions of usage of www.axis.bank.in in case of conflict between them. Any actions taken or obligations created voluntarily by the person(s) accessing such web sites shall be directly between such person and the owner of such websites and Axis Bank shall not be responsible directly or indirectly for such action so taken. Thank you for visiting www.axis.bank.in
At your request, you are being redirected to a third party site. Please read and agree with the disclaimer before proceeding further.
This is to inform you that by clicking on the "Accept" button, you will be accessing a website operated by a third party namely KFintech (Kfin Technologies Ltd). Such links are provided only for the convenience of the client and Axis Bank does not control or endorse such websites, and is not responsible for their contents. The use of such websites would be subject to the terms and conditions of usage as stipulated in such websites and would take precedence over the terms and conditions of usage of www.axis.bank.in in case of conflict between them. Any actions taken or obligations created voluntarily by the person(s) accessing such web sites shall be directly between such person and the owner of such websites and Axis Bank shall not be responsible directly or indirectly for such action so taken. Thank you for visiting www.axis.bank.in
At your request, you are being redirected to a third party site. Please read and agree with the disclaimer before proceeding further.
This is to inform you that by clicking on the "Accept" button, you will be accessing a website operated by a third party namely KFintech (Kfin Technologies Ltd). Such links are provided only for the convenience of the client and Axis Bank does not control or endorse such websites, and is not responsible for their contents. The use of such websites would be subject to the terms and conditions of usage as stipulated in such websites and would take precedence over the terms and conditions of usage of www.axis.bank.in in case of conflict between them. Any actions taken or obligations created voluntarily by the person(s) accessing such web sites shall be directly between such person and the owner of such websites and Axis Bank shall not be responsible directly or indirectly for such action so taken. Thank you for visiting www.axis.bank.in
At your request, you are being redirected to a third party site. Please read and agree with the disclaimer before proceeding further.
This is to inform you that by clicking on the "Accept" button, you will be accessing a website operated by a third party namely NSDL (Protean eGov Technologies Ltd). Such links are provided only for the convenience of the client and Axis Bank does not control or endorse such websites, and is not responsible for their contents. The use of such websites would be subject to the terms and conditions of usage as stipulated in such websites and would take precedence over the terms and conditions of usage of www.axis.bank.in in case of conflict between them. Any actions taken or obligations created voluntarily by the person(s) accessing such web sites shall be directly between such person and the owner of such websites and Axis Bank shall not be responsible directly or indirectly for such action so taken. Thank you for visiting www.axis.bank.in
At your request, you are being redirected to a third party site. Please read and agree with the disclaimer before proceeding further.
This is to inform you that by clicking on the "Accept" button, you will be accessing a website operated by a third party namely NSDL (Protean eGov Technologies Ltd). Such links are provided only for the convenience of the client and Axis Bank does not control or endorse such websites, and is not responsible for their contents. The use of such websites would be subject to the terms and conditions of usage as stipulated in such websites and would take precedence over the terms and conditions of usage of www.axis.bank.in in case of conflict between them. Any actions taken or obligations created voluntarily by the person(s) accessing such web sites shall be directly between such person and the owner of such websites and Axis Bank shall not be responsible directly or indirectly for such action so taken. Thank you for visiting www.axis.bank.in
At your request, you are being redirected to a third party site. Please read and agree with the disclaimer before proceeding further.
This is to inform you that by clicking on the "Accept" button, you will be accessing a website operated by a third party namely NSDL (Protean eGov Technologies Ltd). Such links are provided only for the convenience of the client and Axis Bank does not control or endorse such websites, and is not responsible for their contents. The use of such websites would be subject to the terms and conditions of usage as stipulated in such websites and would take precedence over the terms and conditions of usage of www.axis.bank.in in case of conflict between them. Any actions taken or obligations created voluntarily by the person(s) accessing such web sites shall be directly between such person and the owner of such websites and Axis Bank shall not be responsible directly or indirectly for such action so taken. Thank you for visiting www.axis.bank.in
At your request, you are being redirected to a third party site. Please read and agree with the disclaimer before proceeding further.
This is to inform you that by clicking on the "Accept" button, you will be accessing a website operated by a third party namely NSDL (Protean eGov Technologies Ltd). Such links are provided only for the convenience of the client and Axis Bank does not control or endorse such websites, and is not responsible for their contents. The use of such websites would be subject to the terms and conditions of usage as stipulated in such websites and would take precedence over the terms and conditions of usage of www.axis.bank.in in case of conflict between them. Any actions taken or obligations created voluntarily by the person(s) accessing such web sites shall be directly between such person and the owner of such websites and Axis Bank shall not be responsible directly or indirectly for such action so taken. Thank you for visiting www.axis.bank.in
At your request, you are being redirected to a third party site. Please read and agree with the disclaimer before proceeding further.
This is to inform you that by clicking on the "Accept" button, you will be accessing a website operated by a third party namely NSDL (Protean eGov Technologies Ltd). Such links are provided only for the convenience of the client and Axis Bank does not control or endorse such websites, and is not responsible for their contents. The use of such websites would be subject to the terms and conditions of usage as stipulated in such websites and would take precedence over the terms and conditions of usage of www.axis.bank.in in case of conflict between them. Any actions taken or obligations created voluntarily by the person(s) accessing such web sites shall be directly between such person and the owner of such websites and Axis Bank shall not be responsible directly or indirectly for such action so taken. Thank you for visiting www.axis.bank.in
At your request, you are being redirected to a third party site. Please read and agree with the disclaimer before proceeding further.
This is to inform you that by clicking on the "Accept" button, you will be accessing a website operated by a third party namely CAMS (Computer Age Management Services Ltd). Such links are provided only for the convenience of the client and Axis Bank does not control or endorse such websites, and is not responsible for their contents. The use of such websites would be subject to the terms and conditions of usage as stipulated in such websites and would take precedence over the terms and conditions of usage of www.axis.bank.in in case of conflict between them. Any actions taken or obligations created voluntarily by the person(s) accessing such web sites shall be directly between such person and the owner of such websites and Axis Bank shall not be responsible directly or indirectly for such action so taken. Thank you for visiting www.axis.bank.in
At your request, you are being redirected to a third party site. Please read and agree with the disclaimer before proceeding further.
This is to inform you that by clicking on the "Accept" button, you will be accessing a website operated by a third party namely CAMS (Computer Age Management Services Ltd). Such links are provided only for the convenience of the client and Axis Bank does not control or endorse such websites, and is not responsible for their contents. The use of such websites would be subject to the terms and conditions of usage as stipulated in such websites and would take precedence over the terms and conditions of usage of www.axis.bank.in in case of conflict between them. Any actions taken or obligations created voluntarily by the person(s) accessing such web sites shall be directly between such person and the owner of such websites and Axis Bank shall not be responsible directly or indirectly for such action so taken. Thank you for visiting www.axis.bank.in
At your request, you are being redirected to a third party site. Please read and agree with the disclaimer before proceeding further.
This is to inform you that by clicking on the "Accept" button, you will be accessing a website operated by a third party namely CAMS (Computer Age Management Services Ltd). Such links are provided only for the convenience of the client and Axis Bank does not control or endorse such websites, and is not responsible for their contents. The use of such websites would be subject to the terms and conditions of usage as stipulated in such websites and would take precedence over the terms and conditions of usage of www.axis.bank.in in case of conflict between them. Any actions taken or obligations created voluntarily by the person(s) accessing such web sites shall be directly between such person and the owner of such websites and Axis Bank shall not be responsible directly or indirectly for such action so taken. Thank you for visiting www.axis.bank.in
At your request, you are being redirected to a third party site. Please read and agree with the disclaimer before proceeding further.
This is to inform you that by clicking on the "Accept" button, you will be accessing a website operated by a third party namely KFintech (Kfin Technologies Ltd). Such links are provided only for the convenience of the client and Axis Bank does not control or endorse such websites, and is not responsible for their contents. The use of such websites would be subject to the terms and conditions of usage as stipulated in such websites and would take precedence over the terms and conditions of usage of www.axis.bank.in in case of conflict between them. Any actions taken or obligations created voluntarily by the person(s) accessing such web sites shall be directly between such person and the owner of such websites and Axis Bank shall not be responsible directly or indirectly for such action so taken. Thank you for visiting www.axis.bank.in
At your request, you are being redirected to a third party site. Please read and agree with the disclaimer before proceeding further.
This is to inform you that by clicking on the "Accept" button, you will be accessing a website operated by a third party namely KFintech (Kfin Technologies Ltd). Such links are provided only for the convenience of the client and Axis Bank does not control or endorse such websites, and is not responsible for their contents. The use of such websites would be subject to the terms and conditions of usage as stipulated in such websites and would take precedence over the terms and conditions of usage of www.axis.bank.in in case of conflict between them. Any actions taken or obligations created voluntarily by the person(s) accessing such web sites shall be directly between such person and the owner of such websites and Axis Bank shall not be responsible directly or indirectly for such action so taken. Thank you for visiting www.axis.bank.in
At your request, you are being redirected to a third party site. Please read and agree with the disclaimer before proceeding further.
This is to inform you that by clicking on the "Accept" button, you will be accessing a website operated by a third party namely KFintech (Kfin Technologies Ltd). Such links are provided only for the convenience of the client and Axis Bank does not control or endorse such websites, and is not responsible for their contents. The use of such websites would be subject to the terms and conditions of usage as stipulated in such websites and would take precedence over the terms and conditions of usage of www.axis.bank.in in case of conflict between them. Any actions taken or obligations created voluntarily by the person(s) accessing such web sites shall be directly between such person and the owner of such websites and Axis Bank shall not be responsible directly or indirectly for such action so taken. Thank you for visiting www.axis.bank.in
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.
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.
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.
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.
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.
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.
Any citizen in the age group of 18-70 years (as on the date of submission of his / her application to the POP-SP) can join NPS except for the government subscribers who are mandatorily covered under NPS
No, a subscriber cannot open more than one account.
There is no restriction in terms of frequency of contribution. Subscriber has the option to make the contribution in any mode – monthly, quarterly, half yearly or yearly. Also, Subscriber can make ad–hoc contribution as well.
Yes, NPS offers this flexibility. Subscribers are allowed to alter the contribution amount as per the suitability.
Under NPS account there are two types of accounts - Tier I & Tier II
Yes, subsciber can switch the asset allocation pattern under Active Choice twice in a financial year.
Yes, subsciber gets this flexibility. This can be done twice in a financial year
Yes, subscriber on completion of 3 years in NPS is permitted to partially withdraw from his/her account subject to maximum of 25% of the contributions made by the subscriber for the following purposes:
There is a provision of withdrawal in case of early withdrawal
No , a subsciber cannot change the annuity service provider.
No, there is no provision for loans, advances, or marking a lien under the National Pension System (NPS)
Employee can shift the corpus to new employer with same PRAN a/c if the new employer is already a registered entity under NPS. But if not, then employee can continue the PRAN a/c under All Citizen Model
In case of unfortunate event, the nominee will receive 100% of the NPS pension wealth in lump sum.
No, NPS account can be opened only in individual capacity and cannot be opened or operated jointly or for and on behalf of HUF
Subscriber is allowed to register up to three nominees in NPS. Yes, minor can be a nominee
NPS Charge Schedule
| Intermediary | Request Type | Charges* | Frequency of charges and mode of deduction | |
|---|---|---|---|---|
| Point of Presence (POP) | Subscriber Registration | ₹400/- | One time and collected upfront from the subscriber** | |
| Contribution Processing | 0.50% subject to minimum ₹30/- and maximum ₹25000/- | On each transaction and collected upfront from the subscribers | ||
| Non - financial service request | ₹30/- | |||
| Persistency Charges^ | ₹50/- for annual contribution ₹1000/- to ₹2999/- ₹75/- for annual contribution ₹3000/- to ₹6000/- ₹100/- for annual contribution above ₹6000/ | Through cancellation of units | ||
| Protean (NSDL) | Kfintech | |||
| Central Recordkeeping Agency (CRA) | New Account Opening (Physical PRAN card) | ₹40/- | ₹39.36/- | One time through cancellations of units |
| PRA Maintenance | ₹69/- | ₹57.63/- | Annually through cancellation of units | |
| Financial / Nonfinancial transactions | ₹3.75/- | ₹3.36/- | On each transaction through cancellation of units | |
| Pension Funds | Investment Management | Up to 0.09% of AUM | Adjusted from NAV | |
| Custodian | Asset Servicing | 0.000000001770% of AUM | ||
| NPS Trust | Trust Management | 0.005% of AUM | ||
| Trustee Bank | Trustee Bank charges | No charges levied by Trustee Bank | ||
*The above charges are exclusive of GST charges
**Subscriber Registration charges for the corporate subscribers are deducted from the first contribution deposited by the Employer
^Applicable for subscribersregistered under all citizens’ model
For NPS accounts opened onine from Axis Bank portal Contribution is credited in PRANs on Transaction day + 2 days (T+2) basis (subject to receipt of clear funds from Payment Gateway Service Provider).
The Office of Ombudsman
Pension Fund Regulatory and Development Authority,
Tower E, 5th Floor, E-500, World Trade Center
Nauroji Nagar, New Delhi - 110029
Phone No.: 011-4071 7900
Email id: ombudsman@pfrda.org.in
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