NPS manages funds via Pension Fund Managers registered with the PFRDA according to the investment guidelines laid down by the PFRDA. These are framed to ensure that subscriber contributions are safe even with market fluctuations…
Yes, Each subscriber must make a minimum annual contribution of Rs.6000/- to his Tier I account during the financial year. If this is not done, the account will be frozen. Unfreezing the account involves payment…
An individual is eligible for only one NPS account.
Yes.NPS account can be operated from anywhere in India by its subscriber. The same account holds good whether the subscriber moves location, jobs, to another POP or POP-SP. Even if an employee becomes self-employed he…
Each subscriber is issued with a Permanent Retirement Account Number or PRAN card that has a unique 12-digit number. Loss of card entails a reprint fee. Every NPS account has two sub-accounts, namely the Tier…
While opening an NPS account, the subscriber must submit the registration form duly filled along with proof of identity, proof of address and age/date of birth proof to the POP.
Yes. Subscribers can update their personal details in the records by submitting a change request form with a service fee RETIREMENT PLANNING ONLINE ADVISOR
To subscribe to the NPS, subscribers pay service charges to the POP. This includes an initial subscriber registration charge of Rs.100/-, an ad valorem transaction charge of 0.25% of the initial contribution amount, which can…
Points of Presence or POPs are the interaction points for NPS subscribers. Authorized POP branches or Point of Presence Service Providers (POPSPs) serve as collection points and offer customer service to NPS subscribers, including handling…
The registration form is available on the POP’s website. It can be downloaded and completed, after which it can be forwarded to the POP along with a photograph, the first contribution cheque, and self-attested KYC…
