14:09 Feb 11, 2016  

National Pension System (NPS)

Individual NPS Corporate NPS Tax Benefits of NPS

 

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Retirement Planning is all about, knowing your real retirement costs, building a kitty by investing prudently and having a systematic withdrawal plan from your kitty post retirement.

A systematic withdrawal plan from your retirement kitty is as integral as your savings strategy.Giving the increase in longevity, retirement kitty has to be frugally utilised over a period of time.Here is where National Pension System (NPS) perfectly fits in as a financial solution for retirement planning.

 

What is National Pension Scheme (NPS)?


National Pension Scheme, also known as New Pension Scheme, is a contribution retirement scheme, regulated by the PFRDA helps you build a retirement corpus in a systematic manner during your working life. On retirement, you can withdraw up to 60% of the corpus as lump sum amount. The balance will be saved in form of annuities, which comes back to you as a monthly pension. You even have the option of taking the entire corpus as a monthly pension.

 

National Pension System LIVE

 

Subscribe to NPS

 201403250102416928733315.gifHDFC securities Registered Users
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Login using Trading User id Password
201404291154066738426277.jpg Click on Online NPS
201404291154066738426634.jpg Enter your details & Print the form
201404291154066738426888.jpg Attach KYC docs & forward it to nearest   HDFC sec branch
   

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201403250102416928733315.gifNew User
 201404291154066738426158.jpg   
Register your details
201404291154066738426277.jpg Login using email & password
201404291154066738426634.jpg Click on Online NPS
201404291154066738426888.jpg Enter your details Online & Print the form

   
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W.E.F 10th August 2015, NPS one time registration charge is revised to Rs. 125/- as per schedule prescribed by PFRDA. Minimum initial contribution is now of Rs. 665.30/- for Tier -1 account.

Key Features of NPS


           



         
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Tax benefit: Tax benefit under Section 80C limit of Rs 1,50,000 and an additional tax benefit of up to Rs 50,000 under section 80CCD(1B).
 
Regulated: By PFRDA, which is backed by the Government of India
 
Flexible: To switch between investment options (once a year) depending upon  market conditions
 
Beats inflation: Earn market-linked returns if you opt for equity investment
 
Systematic saving: You can start saving as low as Rs 500 per month or Rs 6000 per year
 
Cost effective: The cost-adjusted returns of the NPS can be quite attractive in the long run
   
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