#NRImoneyclinic #NPS #NationalPensionScheme

NPS – NATIONAL PENSION SCHEME

Eligibility : 18 to 65 Years For All Indian citizens
Individuals Should Comply With KYC
Address Proof
Proof Of identity
Additional Tax Benefits : Rs. 50,000/- Under Section 80CCD 1(B)

NPS – HOW TO APPLY ?

Submit Application Form At Point Of Presence
NRIs Must Have A Indian bank Account
NRIs Must Comply With RBI & FEMA Rules
PRAN Number Gets Generated On Submission Of Application
PRAN CARD Will Be Mailed To Your Address
Telephone & Internet Pin Will Be Mailed To Address

NPS – HOW TO APPLY ?

You Can Open E – NPS Account Through NPS TRUST Website

https://enps.nsdl.com/eNPS/NationalPensionSystem.html

PanCard/ Bank verification / Aadhar Verification Required

NPS – TYPES OF ACCOUNT

Tier 1 Account – Non Withdrawable Account –

Open For Everyone
Primary NPS Account

Tier 2 Account – Voluntary Saving Account

NRIs Not Allowed for Tier 2 Accounts
Can Withdraw Any Time
Tier 2 Account Allowed Only If You Have Tier 1 Account

NPS – CONTRIBUTIONS

You Can Pay At POP- Point Of Presence

Tier 1 Accounts
Minimum Rs. 500 At The Time Of Opening
Minimum Per Year Rs 1000
Account Will Be Frozen If Minimum Amount Not paid
Rs. 500 To Reactivate The Account.

NPS – CONTRIBUTIONS

You Can Pay At POP – Point Of Presence

Tier 2 Accounts
Minimum Rs. 1000 At The Time Of Opening
No Minimum & Maximum Thereafter

NPS – INVESTMENT CHOICES

A. Auto Choice – Life Cycle Based Strategy

LC75 – Aggressive Life Cycle Fund
LC50- Moderate Life Cycle Fund
LC 25- Conservative life cycle fund

NPS – INVESTMENT CHOICES

B Active Choice Of Funds

Asset Class E –

Investments in equity market instruments.
Maximum Allowed 50% Of Account Value
Asset Class C-

Fixed income other than Government securities.
Maximum Allowed 100% Of Account Value
Asset Class G –
Investments in Government securities.
Maximum Allowed 100% Of Account Value

Asset class A:

Investment in Alternative Investment Schemes
Maximum Allowed 5% Of Account Value