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Indian National Pension Scheme

Indian National Pension Scheme

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Published by bette_ruffles
• NPS is a voluntary Pension System of Pension Fund Regulatory and Development Authority (PFRDA) open to all citizens in the age group of 18-60 years.
• NPS is a voluntary Pension System of Pension Fund Regulatory and Development Authority (PFRDA) open to all citizens in the age group of 18-60 years.

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Published by: bette_ruffles on Mar 21, 2012
Copyright:Attribution Non-commercial

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03/21/2012

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1
NatioNal PeNsioN system
tHe ReGUlatoR
 Pension Fund Regulatory & Development Authority
tHe NPs tRUsttHe CeNtRal ReCoRDKeePiNG aGeNCy (CRa)
National Securities Depository Limited (NSDL)
tHe CUstoDiaN
Stock Holding Corporation o India Limited
tHe tRUstee BaNK
Bank o India
tHe PeNsioN FUNDs (n phbc rdr)
ICICI Prudential Pension Funds Management Company Limited
y
IDFC Pension Fund Management Company Limited
y
Kotak Mahindra Pension Fund Limited
y
Reliance Capital Pension Fund Limited
y
SBI Pension Funds Private Limited
y
UTI Retirement Solutions Limited
y
PoiNts oF PReseNCe
(in alphabetical order)APPLICANT SHOULD NOTE THAT:This Oer Document sets orth concisely the inormation about NPS that an applicant ought
y
 to know. Applicant should careully read the Oer Document.This Oer Document remains eective until a material change occurs. Material changes will be
y
notied by Pension Fund Regulatory and Development Authority (PFRDA) to all subscribers.PFRDA has been established to promote old age income security by establishing, developing
y
and regulating pension unds, to protect the interests o subscribers to schemes o pensionunds and or matters connected therewith or incidental thereto.NPS, regulated by PFRDA, is a dened contribution pension system which is now being oered
y
on voluntary basis to all citizens o India other than Government employees covered by NPS.Abhipra Capital Limited
y
Alankit Assignments Ltd
y
Allahabad Bank
y
Axis Bank Ltd.
y
Bajaj Capital Ltd.
y
Central Bank o India
y
Citibank N.A
y
Computer Age Management Services Pvt. Ltd.
y
ICICI Bank Limited
y
ICICI Securities Ltd
y
IDBI Bank Limited
y
IL &FS Securities Services Ltd
y
India Post NPS Nodal Oce
y
Integrated Securities Ltd
y
Kotak Mahindra Bank Limited
y
Marwadi Shares and Finance Limited
y
Muthoot Finance Limited
y
Oriental Bank o Commerce
y
Reliance Capital Limited
y
State Bank o Bikaner and Jaipur
y
State Bank o Hyderabad
y
State Bank o India
y
State Bank o Mysore
y
State Bank o Patiala
y
State Bank o Travancore
y
Steel City Securities Ltd
y
Stock Holding Corporation O India Ltd
y
Syndicate Bank
y
The South Indian Bank Ltd.
y
Union Bank o India
y
UTI Asset Management Company Limited
y
UTI Technology Services Ltd.
y
Yes Bank Ltd
y
Zen Securities Limited
y
 
2
tb  Cnn
Abbreviations and Denitions 3Abbreviations 3Denitions 3NPS Features 4Who can join? 4Who cannot join? 4How to enroll in the NPS? 4How much does a subscriber need to contribute? 4What are the benets o joining the NPS? 5When can a subscriber withdraw the amount? 5Tax Benets 5What investment choice does the subscriber have? 5Charges 7Other Matters 8Power to make guidelines and give directions 8Investment Guidelines 8NPS Architecture 8PFRDA 8NPS Intermediaries 9NPS Trust 9Functions o NPS Trust 10Services provided by CRA to Subscribers 10Functions o Trustee Bank 10Functions o POPs 11Services to Subscribers 12Terms & Conditions 13Risks 13Explanatory note on specic risks in debt markets and capital markets 14Risks associated with Debt / Money Markets (i.e. Markets in whichInterest bearing Securities or Discounted Instruments are traded) 14Risks associated with Capital Markets or Equity Markets (i.e. Markets inwhich Equity Shares or Equity oriented instruments are issued and traded) 15NPS Tier -II Account 15Table summarizing the main eatures o Tier-II account 16Swavalamban Scheme: Operational Guidelines 17

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