National pension scheme

What you need to know

Plan for your retirement now, so you can enjoy your life later. Build a secure financial future with the national pension scheme, which ensures your money is invested safely and with reasonable market returns.

What is the national pension scheme?

NPS is a Defined Contribution-based Investment Scheme launched by the Government of India for all Indian citizens (including NRI) in the age group of 18–60 years. Upon joining, an NPS Account is opened for the subscriber, and a unique Permanent Retirement Account Number (PRAN) is issued by the Government of India to each subscriber. Subscriber contributes to the NPS Account periodically until the age of 60 years and uses the accumulations (Pension Wealth) at retirement for getting a Pension. The scheme is regulated by Pension Fund Regulatory & Development Authority (PFRDA).

Benefits of the plan

Tax exemptions on your contribution will apply as per NPS rules.

You can check the value of your investment on a daily basis.

It’s simple to join — all you need to do is open an account.

Your account is always yours and goes with you if you change jobs.

How the plan works

You can contribute up to 10% of your basic salary to your national pension scheme account. You can also contribute an additional INR 50,000 into your account to help your pension grow faster. 

Vesting age and payable benefits

Age 59 or younger, with at least 10 years of investing in plan20% withdrawn as a lump sum
80% as an annuity
Age 6060% withdrawn as a lump sum or as equal payments between ages 60 and 70
40% as an annuity
Upon death100% lump sum payable to your loved ones


Provider contact information

National pension scheme

Employee Central

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