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Tier-l account mandatory to join NPS
Investment is locked-in until the age of 60
Withdrawals are
conditional
Tax benefits can be
claimed
Only Tier-I account holders can open it
No lock-in period on
investment
Flexible withdrawal
& exit rules
No tax exemptions
on contributions
Open NPS Account
Nominee/Legal heir
gets corpus
Starts getting pension
By Pension Fund Regulatory & Development Authority (PFRDA)
Fund Management fees of less than 0.09% p.a.
Invest in asset classes and pension funds of your choice
With a mix of Equity, Debt & Alternates
Transfer NPS account across employers & location
On Investment, Capital gain & Withdrawals
| Fund Option | Risk Profiling | Exposure Limit |
|---|---|---|
| Government Securities | Low |
Upto 100%
|
| Corporate Bonds | Moderate |
Upto 100%
|
| Equities | High |
Upto 75%
|
| Alternate Investments | Very High |
Upto 5%
|
| Category | Under Section | Investment Limit in Old Tax Regime | Investment Limit in New Tax Regime |
|---|---|---|---|
Self-Contribution |
80 CCD (1) | ₹1,50,000 | Not Applicable |
Self-Contribution |
80 CCD (1B) | ₹50,000 | Not Applicable |
Employer Contribution |
80 CCD (2) | 10% of Basic Salary* | 14% of Basic Salary* |
*Employer Contribution to NPS account qualifies for deduction u/s 80 CCD (2). Permissible limit is 10% of basic salary for employees in old tax regime and 14% of basic salary for employees in new tax regime. Please note that employer’s contribution to NPS, EPF and/or Superannuation upto Rs. ₹7.5 lakhs p.a. cumulatively, is eligible for tax deduction; excess amount will be taxed as perquisite in the hands of the employee.
It automatically gets re-adjusted with the age of the subscriber as shown in the chart below:
| Your age | Equity | Corporate debts | Govt. bonds |
|---|---|---|---|
| Upto 35 years | 75% | 10% | 15% |
| 36 years | 71% | 11% | 18% |
| 37 years | 67% | 12% | 21% |
| 38 years | 63% | 13% | 24% |
| 39 years | 59% | 14% | 27% |
| 40 years | 55% | 15% | 30% |
| 41 years | 51% | 16% | 33% |
| 42 years | 47% | 17% | 36% |
| 43 years | 43% | 18% | 39% |
| 44 years | 39% | 19% | 42% |
| 45 years | 35% | 20% | 45% |
| 46 years | 32% | 20% | 48% |
| 47 years | 29% | 20% | 51% |
| 48 years | 26% | 20% | 54% |
| 49 years | 23% | 20% | 57% |
| 50 years | 20% | 20% | 60% |
| 51 years | 19% | 18% | 63% |
| 52 years | 18% | 16% | 66% |
| 53 years | 17% | 14% | 69% |
| 54 years | 16% | 12% | 72% |
| 55 years and above | 15% | 10% | 75% |
Start your SIP with top performing funds
Please note: Subscribers will be able to know how tentative pension and lumpsum amount may be expected on retirement at 60 years basis regular monthly contributions to NPS account. A percentage of the corpus on retirement is used for purchasing annuity. Subscribers are required to key in the assumed rate of return on their investment and that for annuity to compute monthly pension. The above calculation and illustration of figures are indicative only and not on actual basis.
| Pension Fund Managers | Inception Date | ||||
|---|---|---|---|---|---|
| Classification of Investments | |||||
| Alternate Asset (%) | Corporate bond (%) | Equity (%) | Government Bond (%) | ||
Aditya Birla Sun Life Pension Management Limited |
9-May-2017 | 9.12 | 9.66 | 2.28 | 11.06 |
Axis Pension Fund Management Limited |
21-Oct-2022 | 7.55 | 9.78 | 2.96 | 10.70 |
DSP Pension Fund Managers Private Limited |
27-Dec-2023 | 7.00 | 9.67 | 16.44 | 11.57 |
HDFC Pension Management Company Limited |
10-Oct-2016 | 8.69 | 10.19 | 3.03 | 11.41 |
ICICI Prudential Pension Funds Management Company Limited |
21-Nov-2016 | 10.63 | 9.92 | 2.93 | 11.35 |
Kotak Mahindra Pension Fund Limited |
14-Oct-2016 | 7.72 | 9.85 | 5.11 | 10.80 |
LIC Pension Fund Ltd |
13-Oct-2016 | 8.10 | 9.36 | 2.05 | 11.48 |
Max Life Pension Fund Management Limited |
12-Sep-2022 | 7.03 | 9.56 | 0.91 | 11.04 |
SBI Pension Funds Private Limited |
13-Oct-2016 | 10.90 | 10.01 | -1.47 | 11.53 |
Tata Pension Management Ltd |
19-Aug-2022 | 9.76 | 10.00 | 1.82 | 11.19 |
UTI Retirement Solutions Limited |
14-Oct-2016 | 11.47 | 9.67 | 4.68 | 11.48 |
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