Page 1

National Pension Scheme:


What is National Pension Scheme(NPS):  National Pension Scheme(NPS) is a government approved pension scheme for Indian citizens in the 18-60 age group.  NPS is a contribution for retirement savings scheme.  NPS has been designed to enable systematic savings during the subscriber's working life.  It is an attempt towards finding a sustainable solution to provide adequate retirement income to every citizen of India.


NPS Eligibility: NPS A native of India, regardless of whether inhabitant or nonoccupant can join NPS, subject to the accompanying conditions:  User ought to have age between 18 – 65 years as on the date of accommodation of his/her application to the Point of Presence (POP)/Point of Presence– Service Provider - Authorized branches of POP for NPS (POP-SP).  User ought to consent to the Know Your Customer (KYC) standards as itemized in the Subscriber Registration Form.


Types of account available in NPS:  There are two types of account available in NPS:  Tier I account  Tier II account  Tier I is Pension Account and mandatory. Withdrawal from this account is permitted after 10 years of account opening or attaining the age 60 years whichever comes early.  Tier II is Savings Account and optional. Withdrawal from this account can be done at any point of time as per Subscriber’s need.


National Pension Scheme Benefits:


Fractional Withdrawal from the Scheme: In the whole life expectancy, 3 Partial/fractional withdrawals are permitted from Tier I account before achievement of at 60 years as demonstrated as follows: ď ś First withdrawal will be following 10 years of record opening ď ś 2nd and third withdrawal would be following a hole of 5 years from the principal withdrawal 25% of the Contribution sum will be took into account particular purposes like Child marriage, higher education, Treatment of Critical sicknesses, purchasing home and so forth.


http://fintrackindia.com/

Edge Fintrack Capital – Provider of national pension scheme in India  

We are the provider of national pension scheme details and return related to government and retirement pension scheme. We also provide servi...

Edge Fintrack Capital – Provider of national pension scheme in India  

We are the provider of national pension scheme details and return related to government and retirement pension scheme. We also provide servi...

Advertisement