The document discusses the National Pension Scheme (NPS) in India. NPS is a social security program open to both public and private sector employees between 18-60 years old, except armed forces personnel. It is regulated by the Pension Fund Regulatory and Development Authority (PFRDA). To open an NPS account, one can visit a point of presence like a bank or post office either offline or online. A Permanent Retirement Account Number (PRAN) is issued upon registration. There are two tiers of accounts - Tier 1 offers tax benefits and matures at age 60, while Tier 2 is voluntary and does not provide tax benefits. The document outlines the fund managers in the government and non

1. 1
ADD A FOOTER
SUBMITTED BY:
SINCHANA M S
1ST M.COM
G.F.G.C.W.HOLENARSIPURA
SUBMITTED TO :
MR.SUNDAR B N
ASST.PROFESSOR AND COURSE CO-ORDINATOR
G.F.G.C.W.HOLENARSIPURA
G.F.G.C.W FOR WOMEN
HOLENARSIPURA

2. NATIONAL PENSION SCHEME

3. What is NPS
• The National Pension Scheme is a
social security initiative by the
Central Government. This pension
program is open to employees from
the public, private and even the
unorganized sectors except those
from the armed forces.
• Age limit 18 to 60 years
3

4. NPS Regulated by ?
• NPS is Regulated by (PFRDA – Pension Fund
Regulatory and Development Authority)
• Example
• Bank – RBI
• Stock Market – SEBI
4

5. 5

6. HOW TO OPEN NPS ACCOUNT
6
OFLINE – POP (point of presence)
Nationalized Bank ,private sector Bank,
Post Office
 ONLINE- WWW.ENPS.NSDL.COM
AADHAAR CARD link to mobile number ,
Signature,

7. 7
ADD A FOOTER

8. 8
ADD A FOOTER

9. 9
ADD A FOOTER

10. 10
ADD A FOOTER

11. PRAN CARD
11
• The PRAN or Permanent
Retirement Account Number is a
unique 12 digit number that
identifies those individuals who
have registered themselves
under the National Pension
Scheme (NPS). PRAN card
registration is mandatory for
Central and State Government
employee

12. TYPES OF ACCOUNT
12
TIER-1 & TIER-2
• TIER-1 You need to deposit at least
Rs 1,000 per annum to keep the account
active. The NPS Tier 1 account matures at
the age of 60 and you can extend it till the
age of 70. NPS Tier 1 is eligible for tax
deduction on contributions up to Rs 1.5
lakh under Section 80 C and an additional
Rs 50,000 under Section 80 CCD (1B) of
the Income Tax Act, 1961

13. TIER-2
13
The NPS Tier II is a voluntary account that can be
opened only if you have a Tier I account. When
opening an NPS Tier II account, you are required to
make a minimum contributionof Rs 1,000
• If the NPS corpus is less than Rs. 2,00,000, then
the individual can withdraw the entire amount as
lumpsum
• National Pension Scheme Tier 2 doesn't have or
offer any tax benefits
• In case of premature death of the subscriber, the
entire NPS corpus amount will be given to the
nominee
• A government employee choosing voluntary
retirement must use at least 80% of the NPS
corpus to purchase annuities under the current
NPS withdrawal rules.

14. Fund manager
14
GOVERNAMENT SECTOR PENSION FUND
MANAGER
1. SBI
2. LIC
3. UTI
NON-GOVERNAMENT SECTOR PENSION FUND
MANAGER
1. KOTAK BANK
2. HDFC BANK
3. RELIANCE
4. BIRLA SUN LIFE

15. advantages OF NPS
15
 Higer long term retunes
 Safe
 Tax benefits in Tier-1
Disadvantages of NPS
No withdrawals till maturity
 Partial tax exemption

16. 16

17. THANK YOU
17