HSL Mobile App National Pension Scheme
It’s never too early to think about retirement planning
What is NPS?
The National Pension Scheme is a contribution based retirement scheme regulated by PFRDA, which is backed by Govt. of India. It helps you build a retirement corpus in a systematic manner during your working life.
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Extension of Investment Time lines
Government of India Press Note - Important features and extension of time limits in respect of GoI ordinance of 31 March 2020.Pdf
Why NPS?
Affordable & Cost Effective
You can start investing as low as Rs. 500 per transaction and Rs. 1000 per year. Compared to other asset classes of NPS if invested in equity, market linked returns in the long run can be quite attractive.
Investment Flexibility
You can switch between various asset classes like equity, corporate debt, government bonds and alternate funds (once a year) and there is no upside cap on investments in NPS.
Tax benefit
NPS comes with the dual advantage of additional tax benefit up to Rs. 50,000 u/s 80CCD(1B) over and above the limit u/s 80C of Rs. 1,50,000 and assuring a regular income in the future.
Flexibility in Withdrawal
On maturity, you receive a lump sum payment, while 40% of the accumulated corpus ensures a monthly income in the form of pension. Early withdrawals and partial withdrawals are available.
Portability & Transparency
You would be identified with a unique Permanent Retirement Account Number (PRAN), which can be operated from anytime, anywhere. Also you can check value of investment anytime.
Know More
How NPS works and pay-out happens?
Where all can I invest in NPS?
What are the charges I have to pay?
Secure Your Future With NPS Investment
"Failing to plan is planning to fail" - Alen Lakein
Register now for NPSNPS Calculator
My age now
Years
How much you invest
P/M
What returns you are expecting
%
Congratulations!
Your retirement corpus would be
21,40,004
Principal Invested
18,00,000
Interest Earned
3,40,004
Future Option
Lumpsum withdrawal at 60 years
%
Lumpsum Withdrawal
Pension Wealth Invested
Pension Wealth Invested
Pension Per Month
5,072
5,072
* Min 40% of Pension Wealth should be invested in life annuity
Why HDFC securities
FAQ
What is the National Pension System (NPS)?
The NPS is a new contributory pension scheme launched by Government of India with effect from 1 January 2004. NPS is regulated by Pension Fund Regulatory and Development Authority (PFRDA), was first introduced for government employees and was opened for all citizens of India in 2009. Under the NPS, you can regularly invest your money into your pension scheme account. On retirement, you have the option of taking a part of the corpus as lump sum amount and the balance in the form of a fixed monthly income.
How can a subscriber get registered for NPS?
Any Individual who wants to get registered as a subscriber and wants to open a Permanent Retirement Account (PRA)(Tier I) in NPS would submit the duly filled form (Composite application form for subscriber registration) with other supporting KYC documents to HDFC securities Ltd.
Where do I get the registration forms?
Application form for registration for NPS can be downloaded from the www.hdfcsec.com website. You need to forward the duly filled subscriber registration form, photograph, 1st contribution cheque & self-attested KYC documents to HDFC securities corporate office at Kanjurmarg, Mumbai.
What are the Tax Benefits of NPS?
| Types of Contribution | Tax Benefit | Capping on Tax benefit | Applicable Tax Regime |
| Subscriber's own Contribution | Eligible for tax deduction up to 10% of Salary (Basic + DA) under Section 80 CCD(1) within the overall ceiling of Rs. 1.50 lakhs under Sec 80 CCE. | No capping on investment, but the tax benefit is only up to 10% of basic. | Old Tax Regime |
| Subscriber's own Contribution | Subscriber is allowed deduction in addition to the deduction allowed under Sec. 80CCD(1) for additional contribution in his NPS account subject to maximum investment of Rs. 50,000/- under sec. 80CCD 1(B). | No capping on investment, but the tax benefit is only up to 50, 000/- | Old Tax Regime |
| Corporate/ Employer Contribution | The employee is eligible for tax deduction up to 10% of Salary (Basic + DA) to an extent of Rs. 7,50,000 contributed by employer under Sec 80 CCD(2) over and above the limit of Rs. 1.50 lakhs provided under Sec 80 CCE. | Aggregate amount of any contribution made by the employer in a recognized Provident Fund, NPS and an approved Super Annuation fund up to Seven Lakh and Fifty Thoudand Rupees. | Old and New |
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