National Pension System (NPS)

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NPS Calculator

Your Age

Retirement age

Expected Rate of Interest

% of Wealth to be invested in Annuity

Annuity Rate of Interest

Monthly NPS Contribution

No of years invested 25 Years

Annuity Amount

₹ 0

Amount Withdrawn

₹ 0

Pension per month ₹ 0

What’s NPS?

NPS(National Pension System) is a Government-sponsored low-cost retirement solution. Every Indian citizen in the age group of 18 - 70 can opt for the NPS scheme. It was started in the year 2004 and it was made available for all in the year 2009. NPS is governed by the Pension Fund Regulatory and Development Authority (PFRDA).

Eligibility: Every Indian citizen in the age group of 18 - 70 can opt for the NPS scheme.

FUNDSINDIA has been appointed by PFRDA to act as one of the Point of Presence (POP) for the NPS. Our online portal will help you with all NPS activities as point of presence- Service Provider for opening & making subsequent contributions towards NPS flawlessly

Why invest in NPS?

Reliable Retirement corpus

for all Indian citizens

Regular Pension

for all to meet their daily needs

Market based Long-Term Investment Scheme

for all to get benefitted

Features of NPS

Flexibility

The NPS scheme allows the investors to choose their fund manager from 7 different fund managers. They can also choose the mode(Active or Auto mode)

Liquidity

The 60% of the total can be withdrawn and the remaining can be invested in any annuity plans after 60 years. We can also withdraw up to 25% of the amount after paying for 3 complete years for any emergency purposes.

Diversification

NPS allows you to choose from few asset classes such as equity, corporate bonds, government securities, and alternate funds which minimizes the risk.

Tax Benefits

The NPS scheme enables a tax benefit of up to 2 Lakhs. The tax benefits in the NPS scheme are under three provisions. They are 80CCD(1), 80CCD(1B) and 80CCD(2). On retirement, every individual will receive a tax-free lump sum withdrawal of up to 60% of the total.

Low Cost

In the NPS scheme, one can contribute a Min of Rs. 1000/- every financial year. The Min contribution required at the time of account opening is Rs. 500/-.

Hassle-Free

Every transaction in the NPS can be carried out online which makes the scheme hassle-free.

It also allows us to check fund, NAV and contribution status through the platform.

CHOICE OF INVESTMENT

The money pooled is invested in Equity (High Risk with High Returns), Corporate Debt (Medium Risk with Medium Returns) and Government Securities (Low Returns with Low Returns). What’s more? You get to choose how you want to invest!

Active Choice

You can decide the proportion of money invested in Equities, Corporate Debts & Government securities,

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Auto Choice

The proportion of investment is based upon your age. Till 35 year of age, 50% would be allocated to Equities, 30% in corporate debts and

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Default

The default investment option allows up to 55% of the allocation in Government securities, up to 40% in corporate debt, 15% in equities and

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ACCOUNT TYPE

Tier-I Account: The NPS account holder contributes his/her savings for retirement into this non-withdrawable account. This is the retirement account and the applicant can claim tax benefits against the contributions made subject to the Income Tax rules in force.

Particulars

Tier I

Min Contribution required at the time of account opening

₹500/-

Min Subsequent Contribution amount required

₹500/-

Min contribution required per year

₹1000/-

Min number of contributions required in a year

WITHDRAWAL OPTION

Vesting Criteria

Benefit

Before the age of 60 years

You would be required to invest at least 80% of the pension corpus accumulated to purchase a life annuity from any IRDA-regulated life insurance company. The remaining 20% of the pension wealth may be withdrawn as lump sum.

60 to 70 years of age

You would be required to invest a Min of 40 percent of your accumulated savings (pension corpus) to purchase a life annuity from any IRDA-regulated life insurance company. You may choose to purchase an annuity for an amount > 40%. The remaining pension wealth can either be withdrawn in a lump sum on attaining the age of 60 or in a phased manner, between age 60 and 70, at the option of the subscriber.

In the unfortunate event of death

Withdrawal option will be available to the nominee to receive 100% of the NPS pension corpus in lump sum.

Fund Managers

An investor can choose from 7 well-performing Fund Managers with a proven track record.

Note: Selection of one of these fund managers is mandatory