Secure your retirement with India's most popular pension scheme. Enjoy market-linked returns, tax benefits up to ₹2 lakh, and flexible investment options.
Regulated by PFRDA, ensuring safety and transparency
Potential for higher returns through equity exposure
Save up to ₹2 lakh in taxes annually
One account for lifetime, across jobs and locations
Min. Investment
₹500
Tax Benefit
Up to ₹2 Lakh
Withdrawal
At retirement (60 years)
Key Features:
Mandatory for government employees
Tax deduction under Section 80CCD(1) & 80CCD(1B)
60% lump sum withdrawal at maturity
40% annuity purchase mandatory
Partial withdrawal allowed after 3 years
Min. Investment
₹1,000
Tax Benefit
Limited (for govt employees)
Withdrawal
Anytime without restrictions
Key Features:
Requires active Tier I account
No lock-in period
Flexible withdrawals anytime
Tax benefits only for government employees
Ideal for short to medium-term goals
Choose from four asset classes based on your risk appetite and retirement goals
Max Allocation
Up to 75%
Invests in equity and equity-related instruments
Max Allocation
Up to 100%
Invests in fixed income instruments other than government securities
Max Allocation
Up to 100%
Invests in government bonds and securities
Max Allocation
Up to 5%
Invests in REITs, InvITs, and other alternative assets
Save up to ₹2 lakh in taxes every year with NPS contributions
Deduction for employee contribution (within overall ₹1.5L limit of Section 80C)
Extra deduction over and above Section 80C limit
Employer contribution (14% for government employees)
By contributing ₹2 lakh annually (₹1.5L under 80CCD(1) + ₹50K under 80CCD(1B)), you can save up to ₹62,400 in taxes (at 30% tax bracket + cess).
Select between Tier I (retirement) or Tier II (voluntary savings) account
Submit Aadhaar, PAN card, and bank account details for verification
Choose between Active Choice (select your own asset allocation) or Auto Choice (lifecycle-based)
Minimum ₹500 for Tier I and ₹1,000 for Tier II account
Get your Permanent Retirement Account Number (PRAN) to start investing
Any Indian citizen between 18-70 years can open an NPS account. NRIs are also eligible to open and contribute to NPS.
For Tier I account, minimum ₹500 per contribution with at least ₹1,000 annually. For Tier II, minimum ₹1,000 initially and ₹250 per subsequent contribution.
Partial withdrawals (up to 25% of contributions) are allowed from Tier I after 3 years for specific purposes like children's education, marriage, or medical treatment. Tier II allows anytime withdrawal.
At retirement, you can withdraw 60% as lump sum (tax-free) and must use 40% to purchase an annuity for regular pension income.
NPS offers higher potential returns through equity exposure and additional tax benefits (₹50K under 80CCD(1B)). However, it has mandatory annuity purchase and market-linked returns, unlike guaranteed returns in PPF/EPF.
Yes, but you must have an active Tier I account to open a Tier II account. Both can be managed under the same PRAN.
Start your NPS journey today and build a substantial retirement corpus with tax benefits