NPS Scheme Details PDF

NPS Scheme Details PDF Details
PDF Name	NPS Scheme Details PDF
No. of Pages	01
PDF Size	0.11 MB
Language	English
Category	English
Source	npscra.nsdl.co.in
Download Link	Available ✔
Downloads	17

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NPS Scheme Details

Dear readers, if you are searching for NPS Scheme Details PDF and you are unable to find them anywhere then don’t worry you are on the right page. National Pension Scheme is a social security initiative by the Central Government. This pension program is open to employees of public, private, and even unorganized sectors except for the armed force.

The scheme encourages people to invest in the pension account at regular intervals during the course of their employment. After retirement, customers can withdraw a certain percentage of the corpus. As an NPS account holder, you will receive the balance amount as a monthly pension after your retirement.

Earlier, the NPS scheme covered only central government employees. Now, however, PFRDA has opened it to all Indian citizens on a voluntary basis. The NPS scheme is very important for anyone working in the private sector and in need of a regular pension after retirement.

NPS Scheme Details PDF – Overview

Particulars	NPS Tier-I Account	NPS Tier-II Account
Status	Default	Voluntary
Withdrawals	Not Permitted	Permitted
Tax exemption	Up to Rs 2 lakh p.a.(Under 80C and 80CCD)	1.5 lakh for government employees Other employees-None
Minimum NPS contribution	Rs 500 or Rs 500 or Rs 1,000 p.a.	Rs 250
Maximum NPS contribution	No limit	No limit

NPS Scheme Details PDF

A New Pension Scheme (Contribution Based Pension Scheme) now called National Pension System (NPS) for Central Government Employees Ministry of Finance (Department of Economic Affairs) Notification No. 5/7/2003- ECB&PR dated 22 was launched in December. , 2003. With effect from January 1, 2004, NPS was made mandatory for all new recruits in Central Government service (except armed forces).

After the enactment of the PFRDA Act, 2013, as per Section 20 of the Act, the Pension Scheme notified on 22.12.2003 has become the National Pension System under the Act. NPS is now gaining momentum under the PFRDA Act, 2013, and the regulation made thereunder by the Department of Financial Services and PFRDA.

Here you can download the free NPS Scheme Details PDF by clicking on this link.

NPS Scheme Details PDF Download Link

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