How can one contribute to NPS?
To contribute in Tier I and Tier II account, the subscriber needs to deposit the
contribution amount along with duly filled NCIS (NPS Contribution Instruction Slip)
to any POP-SP.
How much does a subscriber need to contribute?
Subscriber is required to make contributions subject to the following conditions:
For Tier II, minimum contribution requirements:
How many contributions to be made?
n both Tier I and Tier II account has to be at least one contribution in a financial
What is Swavalamban Scheme?
It is applicable to all citizens in the unorganized sector who can join the NPS
administered by the PFRDA.
What are the benefits of Swavalamban Scheme?
Under the scheme, Govt. will contribute Rs.1000 per year to each NPS account opened
in the year 2010-11 and for the next three years. As a special case and in recognition
of their faith in the NPS, all NPS accounts opened in 2009-10 will be entitled to
the benefit of Government contribution if they fulfill the eligibility criteria
prescribed under these guidelines.
What is the contribution amount for Swavalamban Scheme?
Minimum contribution should be Rs. 1,000 per annum (Financial year) in Tier I account
and maximum contribution should be Rs. 12,000 per annum (Financial year) in both
Tier I as well as Tier II account together.
Who cannot join NPS?
The following applicants cannot join:
What is CRA?
CRA stands for “Central Record Keeping Agency”; it is the core infrastructure for
the National Pension System. It is managed by NSDL & main function is Record keeping,
Administration and customer service functions for all subscribers of the NPS. Issuing
of unique Permanent Retirement Account Number (PRAN) to each subscriber, maintaining
a database of all PRANs issued and recording transactions relating to each subscribers
How can one exit from NPS before the age of 60?
In the event of death of the subscriber, the beneficiary submits a withdrawal request
to the associated POPSP who will enter the request in the CRA system. After the
request is processed, a cheque is issued favoring the beneficiary and forwarded
to the associated POP.