NATIONAL PENSION SCHEME (NPS)

NATIONAL PENSION SCHEME (NPS)

NPS is a tax saving investment and retirement scheme launched by the Government of India to provide old age security to citizens of India. NPS is an attractive long term saving avenue to effectively plan your retirement through safe and regulated market-based returns at a minimal cost while saving income tax through additional tax benefits over and above the 80C limit of Rs. 1.5 lakh.

Benefits for enrolling in the scheme:

  • Retirement Savings: A low cost investment scheme with fund management charges of only 0.01%
  • Tax Benefit: Allows additional tax benefit for upto Rs. 50,000 u/s 80CCD(1B) over and above 80C limit of Rs. 1.5 lakhs 
  • Flexibility for Market based returns: NPS being a market linked retirement product, allows you to choose your investment allocation in Equity & Debt based on your risk appetite.
  • Easy access to NPS statement for checking fund and contribution status through Kfintech Central Recordkeeping Agency website or Kfintech NPS mobile app
  • Tier 2 account makes NPS as one of the most economical investment product available with no restrictions on investment and withdrawal
  • Option of upto 60% lump-sum tax free withdrawal from the accumulated corpus at the time of retirement and the balance 40% in the form of a fixed income/pension for lifetime

We encourage all our investors to avail benefit of this cost effective investment option with unique tax benefits plus an effective way to plan your retirement.

Here is the link which you can use for a seamless way to open your NPS account: 

https://www.iciciprupensionfund.com/NPS/#/npsPartner/Moneymonk