National Pension System (NPS)

iAbout This Scheme

NPS is a voluntary, market-linked pension scheme regulated by the Pension Fund Regulatory and Development Authority (PFRDA). It is open to all Indian citizens aged 18–70. Contributions grow in a defined-contribution framework across equity, corporate bonds, and government securities, providing retirement income. It offers additional tax deduction of ₹50,000 under Section 80CCD(1B).

🎁Key Benefits

• Market-linked returns with choice of asset allocation
• Section 80CCD(1): deduction up to 10% of salary (15% for self-employed)
• Additional deduction of ₹50,000 under Section 80CCD(1B)
• 60% of corpus tax-free on maturity; 40% must be annuitised
• Tier I (pension account) and Tier II (voluntary savings) accounts
• Low cost structure — fund management charges among lowest globally

✅Eligibility Criteria

• 1
  All Indian citizens (resident and NRIs)
• 2
  Government employees covered under NPS mandatorily since 2004

📝How to Apply

❓Frequently Asked Questions