Why invest in NPS?
What’s in store for you?
Types of NPS Account
You can open two sub-accounts under the same Permanent Retirement Account Number (PRAN) in the NPS, known as tiers
Tax Benefits
Key Benefits & Features of NPS
You can open two sub-accounts under the same Permanent Retirement Account Number (PRAN) in the NPS, known as tiers
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NPS Account Opening Contribution
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Models of NPS Accounts
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Entities Involved in NPS
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Benefits of NPS
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NPS Vatsalya
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Corporate Benefit
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Investment Option
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Withdrawal
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Most Important Terms & Conditions
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Disclaimers
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Regulatory Disclosure (NPS)
How to apply for NPS Scheme?
- You can enrol for NPS online in paperless process through our website from the convenience of your home / office. The prime objective of the scheme is to provide all citizens of India with an attractive long-term savings avenue to plan for retirement through safe and reasonable market-based returns. The account can be opened by all Indian Citizens between 18 to 70 Years. Apply Online
- Steps for online account opening:
- You can enrol for NPS by clicking on 'Apply Now' option under NPS (National Pension System)
- You can choose any one CRA to open the account (K-Fin Technologies Private Limited, CAMS CRA or Protean e-Gov technologies limited.)
- You will get online form, which needs to be filled with mandatory fields.
- Acknowledgement Id for your registration (account opening) will be generated. There will be provision to complete the registration (account opening form) later, but within 15 days, based on acknowledgement number search.
- CKYC option as the first mode of regisrtation. KYC details under CKYC based option will be taken from CERSAI database.
- Pan based – HDFC Bank will verify KYC on the basis of details maintained in your account with Bank. (Hence details being input in NPS should be exactly as per bank account).
- Offline Aadhaar KYC – KYC details will be taken from the database of UIDAI.
- You need to share detail like Bank details, scheme details, nominee details etc.
- You need to upload photograph, specimen signature, cancelled cheque / bank statement / passbook copy and PAN copy as per file size permissible.
- You need to make initial contribution of min ₹500.
- You will be directed to online payment platform wherein you will complete the payment through HDFC Bank NetBanking or UPI.
- On successful payment, 12-digit PRAN will be allotted to you and PDF form will be generated based on data given.
- PRAN will be communicated to you via registered email and SMS.
- E-Sign/OTP – You will have to complete online e-sign or OTP based confirmation once registration process is completed. This is to avoid physical submission of registration form.
- Click here to know more
More About NPS Scheme
- Benefits of the National Pension System
- The National Pension System (NPS) offers several benefits. It provides a regulated, transparent, and secure way to save for retirement, overseen by the Pension Fund Regulatory and Development Authority (PFRDA). NPS allows voluntary contributions, offering flexibility in investment amounts and timing. Subscribers can choose or change their investment patterns and fund managers to optimise returns across asset classes like Equity, Corporate Bonds, and Government Securities. NPS is cost-effective, with low fees compared to other investment options. Additionally, the NPS account is portable, maintaining the same PRAN regardless of changes in employment or location, and allows tax-beneficial superannuation fund transfers.
- Documents required for investing in the National Pension System
- To enrol in the National Pension System (NPS), you need the following documents: proof of identity (such as Aadhaar card, PAN card, driver’s license, Voter’s ID, or passport), proof of address (like utility bills, bank statements, or rental agreements), and a recent passport-sized photograph. Additionally, you must provide a cancelled cheque from your bank account to facilitate contributions and withdrawals. If you are enrolling through an employer, you might need a filled NPS registration form authorised by your employer. For NRIs, a valid passport and proof of overseas address are required. These documents ensure a smooth and compliant registration process.
- NPS Facilities
- NPS on mobile Application: A mobile app for NPS Subscribers. You can view your NPS account, scheme holdings, latest Net Asset Value (NAV) and the total value of the schemes through this app. You can view the transaction statement for a particular financial year, as well as details of last five contributions. You can switch among fund managers, asset classes and change the allocation ratio.
- You can login to your NPS Account using the following links.
- https://nps.kfintech.com/
- https://www.npscra.nsdl.co.in/
- Login|CAMS eNPS |NPS Subscribers| , National Pension Scheme
- Download Mobile App
- K-fintech Mobile App
- NSDL Mobile App
- CAMs Mobile App Link
- Facilities available in Subscriber’s login:
- View profile details
- Transaction Statement
- Statement of Holding
- Contribution Statement
- Transaction through OTP authentication
- Contribution
- Tier II withdrawal
- Scheme Preference change
- One Way Switch (from Tier II to Tier I)
- Reprint of PRAN Card
- Change of contact details
- Change of address using Aadhaar authentication
- Grievance facility
- Various Views
- E-PRAN view and download
- NAV details
- Tier II details
- POP (Point Of Presence) details
- Facilities outside login:
- Contribution
- Tier II activation
- IPIN reset
Frequently Asked Questions
You will receive an e-mail alert from CRA team.
CRA app gives you details of your account online. You can access latest account details as is available on the CRA website (https://cra-nsdl.com/CRA/ or cra.Kfintech.com) with your User ID (PRAN) and Password. The app accesses your account details online and provides you with user friendly interface to browse through your account information. It also enables you to maintain your latest contact details and password.
You can view/ print the SOTs by logging into CRA website.
Yes. An annual statement containing details of the unit holdings is issued by Central Recordkeeping Agency (CRA) to your registered address 3 months after the end of every financial year.
You can unfreeze the NPS Account by paying the minimum contribution.
Your account will be frozen.
Yes. In case of loss or damage of PRAN card, you need to submit a duly filled S2 form to the POP for issuance of duplicate PRAN card. Rs. 40 plus applicable GST will be deducted by CRA for issuing duplicate PRAN.
Yes. You need to submit the request form along with the service charge of Rs. 30 plus GST to the POP for initiating the modification.
You may also login to your NPS account and make changes to Contact details, Nomination, Investment option, Pension Fund Manager (PFM), etc
National Pension System (NPS) is a voluntary, defined contribution retirement savings scheme initiated by Government of India. The NPS has been designed to enable systematic savings during the employee's working life. It is an attempt towards finding a sustainable solution to provide adequate retirement income which is low cost, tax-efficient and flexible.
There are 2 models, namely - Corporate NPS model and All Citizen model. Corporate NPS model is applicable for all corporate employees wherein the corporate is registered with the Bank for NPS.
NPS model |
Description |
Corporate Model |
This model is applicable for the employees working with corporate organisations. Under this model, employee as well as employer (on behalf of employee) both can contribute towards NPS account of employee |
All Citizen Model |
Citizens of India who are financially not dependent on any employer like self-employed category, professionals like doctors, CAs, CS, CMAs, lawyers, architects etc. |
Individuals who are employed and contributing to NPS would enjoy tax benefits on their own contributions as well as their employer’s contribution as under:
- Investment up to 10% of Salary (Basic + Dearness Allowance) routed through the Employer, is deductible from taxable income u/s 80CCD (2) of Income Tax Act, 1961 which is over and above Rs. 1.5 lakhs limit of section 80C under Old Tax Regime.
- Additionally, investment up to Rs.50,000 is deductible from taxable income u/s 80CCD (1B) of Income Tax Act, 1961 under Old Tax Regime.
- Employees opting for New Tax regime, can choose up to 14% of Salary (Basic + Dearness Allowance) routed through the Employer, is deductible from taxable income u/s 80CCD (2)
- Maximum limit of amount that can be claimed tax exempt is Rs. 7.5 lakh of employer contribution towards, NPS, PF and Superannuation all together. (Only available for Corporate NPS accounts).
Please note:
- Tax deductions u/s 80CCD (1) and 80CCD (1B) shall be available only if the taxpayer opts for old tax regime. Please consult your CA to know more about this.
- Tax benefit under Section 80 CCD (2) can be availed in either of the tax regimes
There are 4 types of individual funds in which your money can be invested:
- Asset Class E- Investment in predominantly equity market instrument
- Asset Class C-Investment in fixed income instruments other than Government Securities
- Asset Class G- Investment in Government Securities
- Alternate Assets Class A – Investment in Real Estate and Infrastructure projects
Based on these, there are 2 investment options available under NPS corporate:
Active choice - In active choice, you have to select a Pension Fund Manager and mention the ratio of funds to be invested among E, C, G and A. You can specify the percentage in which your money is to be invested in these asset classes. However, allocation in equity cannot be more than 75% and Alternate Assets cannot be more than 5%.
Auto choice - There is a lifecycle fund and you need to select a pension fund. Your funds will be invested as per the life cycle fund matrix based on your age.
You will have flexibility to choose one out of ten Pension Fund Managers (PFMs) and the percentage in which the selected PFM will invest the funds.
Yes, you have an option to select Pension Fund (PF) and Investment Option while applying for NPS account.
- Visit www.hdfcbank.com
- Under 'Personal' click on 'Invest'
- Select the last option is ' National Pension System'
- Click on 'Apply Online'
- Select the CRA of your Choice (either NSDL or K-Fintech) and click on 'Apply now'
- Select individual or Corporate subscriber
- Select weather you wish to open Tier I or Tier I and Tier II both.
- Mention PAN number and generate acknowledgement number
- Complete the rest of the details in the NPS form.
- Upload the required documents.
- Make initial payment.
- PRAN will be generated with in 15 to 20 minutes
- Complete the e-sign/OTP authentication process online.
No, HDFC Bank has a complete digital process for its customers. You will have to upload you latest photograph and signature sample online.
There are certain charges applicable for NPS account opening/ maintenance. The charges are mentioned below:
| termediary | Charge head | Service charge (+Taxes) | Method of deduction | ||
| HDFC Bank (POP Charges) | New NPS Account opening | Upto maximum ₹400/- | To be collected upfront | ||
| Financial Transaction | Upto 0.50% of the contribution,subject to maximum ₹.25000/- | ||||
| Non-Financial Transaction | Upto maximum ₹30/- | ||||
| Persistency** Charge | Rs. 50 per annum for annual contribution Rs. 1,000 to Rs. 2,999 Rs. 75 per annum for annual contribution Rs. 3,000 to Rs. 6,000 Rs. 100 per annum for annual contribution above Rs. 6,000 |
Through Unit Deduction | |||
| CRA | Computer Age Management Services Ltd (CAMS) | KFIN Technologies Private Limited | Protean eGov Technologies Ltd (Formerly NSDL e-Governance Infrastructure Limited) | Through cancellation of Units | |
| New NPS Account opening | 40 | 39.36 | 40 | ||
| Annual Account Maintenance | 65 | 57.63 | 69 | ||
| Per transaction cost | 3.50 | 3.36 | 3.75 | ||
| Custodian | Asset Servicing charges | 0.000000001770% | per annum for Electronic segment & Physical segment | ||
| PFM charges | Slabs of AUM managed by the Pension Fund | Maximum Investment Management Fee (IMF) | Through adjustment in NAV | ||
| Upto 10,000 Cr. | 0.09%* | ||||
| 10,001 – 50,000 Cr. | 0.06% | ||||
| 50,001 – 1,50,000 Cr. | 0.05% | ||||
| Above 1,50,000 Cr. | 0.03% | ||||
| *UTI Retirement Solutions Ltd charges a fee of 0.07% under this slab | |||||
| The IMF to be charged by the Pension Fund on the slab structure would be on the aggregate AUM of the Pension Fund under all schemes managed by Pension Funds. | |||||
| These rates of IMF shall be reviewed by the Authority in a period of five (5) years from the date of implementation. | |||||
| NPS Trust | Reimbursement of expenses | 0.003% pa | |||
**Persistency charges is payable to such POPs to which the subscriber is associated for more than six months in a financial year.
*GST and other levies, as applicable, will be levied as per the existing tax law
*KYC verification charges of eNPS application Rs 125 + taxes
*Processing of Exit / Withdrawal Upto 0.125% of Corpus subject to maximum ₹500/-
*Other taxes / regulatory levies applicable from time to time
No, multiple NPS accounts for a single individual are not allowed and there is no necessity also as the NPS is fully portable across sectors and locations. If you want to link your NPS account to corporate, to avail the benefits under the Corporate NPS model, you should shift existing NPS account to corporate model.
You may contribute through HDFC Bank website or you may also login to your CRA portal to make contributions. SIP option is also available.
Yes, once the contribution is credited to your NPS Account, an e-mail alert as well as an SMS is sent to your registered e-mail ID and mobile number.
You need to contribute minimum amount of Rs. 1,000 per annum to keep your NPS account active.
To log in to the National Pension System (NPS) online, you must visit the official NPS Trust website. Click on the "Login" button and select the "NPS Subscriber" option. Enter your PRAN (Permanent Retirement Account Number) as the User ID, followed by your password. If you're logging in for the first time, you'll need to use the password received with your PRAN kit and then change it. In case you forget your password, you can reset it using the "Forgot Password" link. Once logged in, you can view your account details, check balances, and manage your investments.
The best investment option in the National Pension System (NPS) depends on your risk tolerance and investment horizon. NPS offers three main asset classes: Equity (E), Corporate Bonds (C), and Government Securities (G). For higher returns with higher risk, you can consider allocating more funds to Equity (E) securities. Corporate Bonds (C) provide moderate returns with moderate risk, while Government Securities (G) offer lower returns with minimal risk. Younger investors can typically benefit from a higher equity allocation, while older investors might prefer a conservative approach with more government securities. The Active Choice option allows you to choose the allocation, whereas the Auto Choice option adjusts it based on age.
Yes, making NPS payments online is safe. The National Pension System (NPS) employs robust security measures to protect transactions. Payments are processed through secure, encrypted channels to prevent unauthorised access. Additionally, NPS online platforms require two-factor authentication, adding an extra layer of security. It's essential to ensure you are using the official NPS website or authorised service providers to avoid phishing scams. Regularly updating your password and monitoring your account for any suspicious activity also helps maintain security. Overall, the combination of these security protocols makes online NPS payments a safe and convenient option.