What is New Pension Scheme?
It is a pension scheme launched by Government of India.
Save today and get monthly pension after the age of 60.
Save monthly or yearly as per your Income Structure. No fixed monthly installment.
Who Can Invest?
Every Citizen between the ages of 18 to 60 years at the time joining.
How much to Invest?
Minimum amount Rs.500/ per contribution
Minimum Contribution per year Rs. 6000/-
Minimum Contributions per year -1
What is Swavalamban?
Incentive offered by Government on self declaration of the subscriber being eligible under the scheme.
In case of false declaration provision of refund of benefits with penal Interest.
Minimum Subscription amount Rs. 500/-
Minimum Contribution per Annum Rs. 1000/-
Maximum Contribution per annum Rs. 12000/-
Government will contribute Rs. 1000/- per year up to 2013-2014
1) Active Choice : You have option to choose the category
2) Auto Choice: By default the option is selected.
Tax Benefits :
Amount invested up to 1.00 lacs is eligible for exemption under 80CC
How Pension will be available
On attaining age of 60 you will have to invest minimum 40% of Corpus in annuity scheme of the service provider appointed by PFRDA.
ASP appointed by PFRDA would be responsible for delivering a regular monthly pension.