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Monday, 22 May 2017

NATIONAL PENSION SYSTEM (NPS)

NATIONAL PENSION SYSTEM (NPS)

As you all aware that NEW PENSION SCHEME also known as NATIONAL PENSION SYSTEMis available on https://www.digitalseva.csc.gov.in/ portal .

National Pension System – NPS is a government-backed retirement savings plan for any Indian citizen aged 18-60.

The initial contribution to open a PERMANENT RETIREMENT ACCOUNT NUMBER (PRAN) is Rs. 500 and minimum annual contribution is Rs. 1000. You make a lump sum payment or pay in installments as per your wish.

As a customer, the subscriber can claim extra deduction of R.s 50,000 under Sec 80CCD (1B).

Vle Can Also Open the NPS A/c For themselves and for their Families to Secure their Future.

VLE’s earn instant Rs. 100 commission on each new NPS account which is opened by them and in case of contribution to existing pension account instant commission Rs. 16

NPS is portable - Subscribers can operate their account from anywhere in the country, even if they change the city, job or their pension fund manager.

NPS is regulated by Pension Fund Regulatory and Development authority (PFRDA), with transparent investment norms and regular monitoring and performance review of fund managers by NPS Trust

You can go through the site https://npscra.nsdl.co.in/all-citizens-faq.php and read all the FAQs regarding NPS.

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