Retirement Planning

Eligibility
Applicants must be:

•     Citizens of India
•     Between 18 to 65 years
•     KYC compliant
•     Without pre-existing National Pension System Account.

Types of National Pension System accounts

Tier I:

Contributions done to this account are eligible for an additional tax deduction benefit of up to ₹ . ₹ 50,000/- u/s 80CCD (1B), over and above ₹ .1,50,000/- u/s 80C. 60% of the invested amount can be withdrawn on completing 60 years and the rest will be used to provide an nuity.

Tier II:

One can invest an additional amount in Tier II National Pension System Account. This amount can be entirely withdrawn at any point of time. No tax benefits are available in this account. Kindly note that in order to open a Tier II acount, it is mandatory to open a Tier I acount first.

A subscriber can invest in both types of accounts under One Permanent Retirement Account Number (PRAN).

•    National Pension System A/C Opening Form
•    NRI National Pension System A/C Opening Form
•    Modification Form
•    Pension Fund manager change request Form
•    Inter Sector Shifting Form
•    Nach Debit Registration
•    National Pension System A/C opening for company
•    POP change for Corporate