#NRImoneyclinic #NPS #NationalPensionScheme
NPS – NATIONAL PENSION SCHEME
Regulated By PFRDA
Voluntary Contribution Scheme
To Create Income Security During Retirement
NPS – NATIONAL PENSION SCHEME
Very Flexible Plan
Range Of Investment Options
Choice Of Pension Fund Managers
Free Switching Between Different Investment Option
Returns Are Market Related
NPS – NATIONAL PENSION SCHEME
Very Simple
Single Identification Number For Life – PRAN
PRAN = Permanent Retirement Account Number
NPS – NATIONAL PENSION SCHEME
Types Of Account
Tier 1 Accounts – Every Indian Citizen Can Open
Tier 2 Accounts – Only For Resident Indians
(Tier 2 Accounts Not Available For NRIs )
NPS – NATIONAL PENSION SCHEME
Portable Across Jobs
Regulated By PFRDA
NPS TRUST – Monitors Performance
NPS – NATIONAL PENSION SCHEME
FUNCTIONAL ARCHITECTURE
PRAN – Is The Core Of This Scheme
PFRDA – Regulates The Scheme
NPS TRUST – Safeguards Subscriber Interest
Central Record Keeping Agency – NSDL
POP = Point Of Presence – Collection Agents
Fund Management – Competing Institutions & Managers
TRUSTEE BANK – Axis Bank
CUSTODIANS OF ASSETS – Stock Holding Corporation
NPS – NATIONAL PENSION SCHEME
BENEFITS
Simple
Very Low Cost
Flexible
Portable
Tax Benefits
Regulated