NPS(National Pension System) is a Government-sponsored low-cost retirement solution. Every Indian citizen in the age group of 18 - 65 can opt for the NPS scheme. It was started in the year 2004 and it was made available for all in the year 2009. NPS is governed by the Pension Fund Regulatory and Development Authority (PFRDA).
Eligibility: Every Indian citizen in the age group of 18 - 65 can opt for the NPS scheme.
FUNDSINDIA has been appointed by PFRDA to act as one of the Point of Presence (POP) for the NPS. Our online portal will help you with all NPS activities as point of presence- Service Provider for opening & making subsequent contributions towards NPS flawlessly
The NPS scheme allows the investors to choose their fund manager from 7 different fund managers. They can also choose the mode(Active or Auto mode)
The 60% of the total can be withdrawn and the remaining can be invested in any annuity plans after 60 years. We can also withdraw up to 25% of the amount after paying for 3 complete years for any emergency purposes.
NPS allows you to choose from few asset classes such as equity, corporate bonds, government securities, and alternate funds which minimizes the risk.
The NPS scheme enables a tax benefit of up to 2 Lakhs. The tax benefits in the NPS scheme are under three provisions. They are 80CCD(1), 80CCD(1B) and 80CCD(2). On retirement, every individual will receive a tax-free lump sum withdrawal of up to 60% of the total.
In the NPS scheme, one can contribute a Min of Rs. 1000/- every financial year. The Min contribution required at the time of account opening is Rs. 500/-.
Every transaction in the NPS can be carried out online which makes the scheme hassle-free.
It also allows us to check fund, NAV and contribution status through the platform.