National Pension System (NPS)
Central Scheme (All India)
Finance
Application Mode: ONLINE
Active
Quick AI Summary
Voluntary, defined-contribution retirement savings scheme designed to enable systematic savings for old age.
Detailed Summary
NPS is regulated by PFRDA and open to all citizens, offering Tier-I (non-withdrawable pension) and Tier-II (voluntary savings) accounts.
Key Benefits & Financial Assistance
| Comparison Criteria | Benefits |
|---|---|
| Key Benefits | - Tax benefits up to Rs. 1.5 Lakhs under Sec 80C and additional Rs. 50,000 under Sec 80CCD(1B). - Market-linked returns with choice of active or auto asset allocation. |
Eligibility Criteria Profile
| Comparison Criteria | Eligibility |
|---|---|
| age min | >= 18 |
| age max | <= 70 |
| state id | = 3 |
Application Process Guide
- Register online through eNPS portal or physically at any authorized Point of Presence (POP) bank/financial center.