NATIONAL PENSION SYSTEM (NPS)

Your Path to
Financial Freedom

  • sda

    PFRDA Regulated

  • ds

    Voluntary Investment Plan

  • sad

    Eligible for 18-70 Years

  • gj

    Launched by Government of India

NPS Banner NPS Banner 2

Calculate Your Wealth

Calculate returns on your National Pension System (NPS) Investment mode today, for a better tomorrow

Years
  • 18
  • 60
per month
  • ₹ 500
  • ₹ 500000
%
  • 40%
  • 100%
Years
  • 60
  • 75
%
  • 5%
  • 15%
%
  • 5%
  • 15%

₹3,25,006

₹84,25,006

₹84,25,006

45

₹42,125

₹1,68,50,012

Why Invest in National Pension System (NPS)?

Tax Benefits

Tax Benefits

  1. With NPS, You can avail additional deduction of upto Rs. 50,000 under 80CCD(1B) over and above deduction of upto Rs. 1.50 lakh under 80C.

240
Triple E Income Benefits

Triple E Income Benefits

Tax exemption on the Investment, Returns & Majority amount.

240
Retirement Benefits

Retirement Benefits

NPS secures your retirement by giving you lumpsum income at your retirement age and attractive monthly pension after retirement. 

240
Investment Benefit

Investment Benefit

NPS can give you maximum and better return on Investment by using power of compounding.

240
Cost Benefit

Cost Benefit

NPS is a low cost retirement product with only 0.01 % cost investment every year. 

240

How does National Pension System (NPS) work?

Start investing in National Pension System (NPS) as early as the age of 18 and get great,
steady returns by the time you turn 60!

 

 

How to invest in
National Pension System (NPS)?

  • iMobile Pay App
  • Net Banking
  • 01. Login to ICICI Bank iMobile Pay app> Invest and Insure> Instant NPS
  • 02. Fill all the required details (Investment, Personal, Nominee details & Upload your photo and signature)
  • 03. Confirm all your details and then submit.
Invest in NPS
  • 01. Login to ICICI Bank Net Banking> Investments and Insurance> National Pension System
  • 02. Fill all the required details (Investment, Personal, Nominee details & Upload your photo and signature)
  • 03. Confirm all your details and then submit.
Invest in NPS
nps

How to make contribution in National Pension System (NPS)?

  • Login to ICICI Bank Net Banking> Investments and Insurance> National Pension System
  • Click on Make Contribution & fill all the mandatory details.
  • Preview the details filled and click on ‘Submit’ to register the biller and fund the NPS Account.

Please Note: First contribution towards National Pension System (NPS) needs to be made online within 45 days of PRAN generation or the Account will be frozen.

National Pension System (NPS) FAQs

What is National Pension System (NPS)?

NPS is an easily accessible, low cost, tax-efficient, flexible and portable, voluntary defined-contribution, retirement savings scheme introduced by the Government of India and regulated by the Pension Fund Regulatory and Development Authority (PFRDA).

What are the key features of NPS?

1. Regulated - NPS is regulated by PFRDA, which is established through an Act of Parliament (PFRDA Act 2013)

2. Pension for all - can be voluntarily subscribed by any Indian citizen (resident/non-resident/overseas citizen)

3. Low cost – NPS is one of the low cost pension schemes in the world

4. Flexible - Subscribers have various options to choose from - Point of Presence (PoP), Central Recordkeeping Agency (CRA), Pension Fund and Asset Allocation, etc. The choices exercised can be changed subsequently

5. Portable – NPS Account can be transferred across employment, location(s)/geography(ies)

6. Tax efficient – Tax incentives are available to the subscribers under the Income Tax Act 1961.

7. Optimum returns – Market linked returns based on the investment choice made by the subscriber

8. Transparent – Subscribers can access their NPS Accounts online 24X7 and public disclosures are mandated.

What is the eligibility criteria for NPS?

  • Any Indian citizen (resident or non-resident) and overseas citizen of India (OCI)
  • Aged between 18-70 years
  • Compliant to Know Your Customer (KYC) norms.

Hindu Undivided Families (HUFs) and Persons of Indian Origin (PIO) are not eligible for subscribing to NPS.

NPS is an Individual Pension Account and cannot be opened on behalf of a third person. The applicant should be legally competent to execute a contract as per the Indian Contract Act.

What is the All Citizen model?

Citizens of India who are financially not dependent like self-employed, professionals, etc. can open and contribute to his/her Individual Pension Account for creating a pension corpus from which regular income will be generated after retirement/working age.

What is a Corporate model?

This model is applicable for the employees working with corporates. Under this model, employee as well as the employer (on behalf of the employee), both can contribute towards the NPS Account of the employee.