Home Schemes Govt National New Pension Scheme, NPS Account, Application form, Eligibility, Benefit

Govt National New Pension Scheme, NPS Account, Application form, Eligibility, Benefit

What is the NPS scheme or National Pension System:- Government of India has  started retirement savings New Pension Scheme for Central Govt Employees.

The employees are joining after 2004. Resident Indians can open accounts of 18-60 years of age. NPS scheme is one of the tax saving schemes under section 80C and section 80CCD.

National Pension Scheme:-  New Pension Scheme NPS is regulated by PFRDA NPS Trust with the performance review of transparent investment norms, regular monitoring and fund managers.

 

Retirement Savings National Pension System Scheme

How To Open NPS National Pension Scheme Account Online  ?

Open paperless NPS account in “10 easy steps Step by step Guide to Join NPS Scheme we mentioned below:-

 

#1. In order to comply for NPS account, Go to the eNPS – NSDL  official website Click here Open a New NPS Account Online. Here Applicate can New Regestration Link on the right hand side.

NPS New Regestration Page.

 

#2. The online NPS customer registration page will open. Choose new registration, select the appropriate category, enter your Aadhaar number, and generate OTP.

Enter the OTP received at your registered mobile number and click on continue.

NPS New Regestration required Details page copy

#3. After clicking “Continue”, a receipt an acknowledgement number will be generated with your name and a time ticket. Then select “OK”.

NPS acknowledgement number

#4. Here, You will be asked to enter your personal details. After entering them verify the details, then click on “Save and Continue”

personal details page for NPS Submission

#5. In the next step you will be asked to enter your bank details in which you have online banking facility. For the next step, click on “Save and Continue” and enter your bank details.

#6. In the next NPS phase, you will be asked to decide the portfolio between four available funds, which is subject to maximum risk of 50% equity funds.

Once you have entered the all require details, then the nominated details are required to be updated.

NPS nominee details

 

#7. after your succesfull update your nomination details, you will need to upload a canceled check of your account, photograph and your sample signature.

ENPS application form copy page

#8. In the last step, you have to give your first contribution towards the NPS under minimum investment Rs 500. You can either make the first payment through your net banking or credit card (with some extra charge).

NPS subject to a minimum investment of Rs. 500.

 

#9. After successful completion of payment, your Permanent Retirement Account Number (PRAN) will be generated with the payment receipt.

Permanent Retirement Account Number (PRAN

#10. Click on “Download Registration Form/E Sign” to complete the registration process by submitting the OTP sent by UIDAI to the registered mobile number along with your Aadhaar card.

NPS-National-Pension-Scheme-account:- It will take two working days to credit the units against your PRAN number.

In addition, you will also receive an email on your registered email ID in connection with the IPIN generation for your PRAN, which will be used to access your account online and invest in  your NPS.

Note :- To comply with the new Uidai guidelines for virtual IDs, the E-sign peparales feature has been disabled for Pran generated before July 1, 2018.

Why should I invest the NPS scheme, I’m 52 years old and I’m getting 9000 salaries?

  1. Invest in NPS to save tax and secure your old age.

    2. Invest Rs 50000 in NPS and save extra tax 15,450 / – Under section 80CCD (1b).

    3. This deduction is more than 80C available reductions. For Year 2018-19 and for those coming under the highest tax bracket.

  4. Since you do not have a pensionable job, you will need a fixed amount per month.

What is the average return in eNPS scheme | NPS Trust?

It depends on your asset allocation – how do you split your corpus between corporate bonds and government bonds.

National Pension Scheme Calculate:- Calculate the amount of pension assets deposited on retirement

  1. enter your current age and Retirement age then click on start.
  2. enter Rs 2000 amount Contribution towards NPS per month.
  3. Expected rate of return on NPS investment.
  4.  Annuity period.
  5. perstage of pension wealth invested in annuity plan.
  6. Expected rate of interest on the annuity investment and click on calculate button.

Example of your Calculate Pension amount of National Pension Scheme

  • Principal amount invested by you:1,008,000
  • Interest earned on investment (calculated on monthly compounding basis):₹14,609,667.2
  • Pension wealth generated:₹15,617,667.2
  • Amount reinvested in annuity:₹6,247,066.88
  • Lumpsum amount withdrawn:₹9,370,600.32
  • Pension per month post retirement:₹41,227.55

 

7 Things To Know about  NPS Government Pension Scheme

 

#1.The NPS accounts manager of PFRDA said that any Indian citizen, resident or non resident between the age of 18-60 years can join NPS.

#2. The pension fund regulator said that the investment in NPS is independent of your contribution to any provident fund or any other pension fund.

#3. NPS is distributed through the authorized entities called POPs, and almost all banks (both private and public sector), under NPS, are also called POPs as well as other financial institutions, apart from acting.

#4. To invest in NPS, you will have to open an NPS account through POP, which will help the customer fill the required form, provide information about NPS and open accounts related to any other relevant information. According to pfrda.org.in, PFRDA official website.

#5. To POP, you need to submit a filled customer registration form, proof of identity, and age / date of birth certificate.

#6. Under the NPS account, two sub-accounts – Tier I and II are provided. Tier I account is mandatory while the customer has the option of selecting Tier II account.

#7. To open a Tier 1 account, someone has to contribute a minimum amount. 500. Minimum contribution while opening Tier II accounts is Rs. 1,000.

Difference between old pension scheme and new pension scheme

Old pension scheme:-  The Old Pension Scheme was a defined benefit plan, where the government promised that once you retire, you will get a lot of pension on the basis of last pay. And pension is also adjusted for inflation with periodic DA and revised pay commission is revised.

A Guide to Tax Saving Through NPS (National Pension Scheme)

 

NPS pension scheme:- In NPS, 10 percent of your salary is deducted every month for contribution from NPS and the same amount is matched by the government. So, your money doubles every month. For example, if your salary is Rs 20,000, then Rs.2000 (10%) will be deducted as contribution towards NPS, and the government will contribute Rs.2000.

Therefore, the total contribution for a month will be Rs 40,000. this is happening.

NPS is generating good returns and there is no alternative to investing government employees in future, they will have more flexibility to choose from in the future.

National Pension Scheme SBI Features & Benefits

SBI state bank of india is just an agent in NPS like any other bank. In this context, the official word for the bank is point-of-presence or POP. NBI, which you receive through SBI, is similar to NPS which you get through any other bank.

Is deductible by contributing up to 2 lakhs per year Corpus is invested in equities and debt as your choice. The upper limit for equity allocation is 50% (in active choice). The tax return on the corpus is tax free. However, they are added back to the corpus and you are not paid every year.

Maturity (at the age of 60 years), 40% corpus can be tax free. Another 40% remaining 20% can be withdrawn as taxable income.

Govt National Pension Scheme in hindi (राष्ट्रीय पेंशन योजना)

एनपीएस योजना या राष्ट्रीय पेंशन प्रणाली क्या है: – भारत सरकार ने केंद्रीय सरकारी कर्मचारियों के लिए सेवानिवृत्ति बचत नई पेंशन योजना शुरू कर दी है। कर्मचारी 2004 के बाद शामिल हो रहे हैं। निवासी भारतीय 18-60 साल की आयु खोल सकते हैं। एनपीएस योजना धारा 80 सी और धारा 80 सीसीसीडी के तहत कर बचत योजनाओं में से एक है। राष्ट्रीय पेंशन योजना: – नई पेंशन योजना एनपीएस को पारदर्शी निवेश मानदंडों, नियमित निगरानी और निधि प्रबंधकों की प्रदर्शन समीक्षा के साथ पीएफआरडीए एनपीएस ट्रस्ट द्वारा नियंत्रित किया जाता है।