What Is NPS?
The National Pension System (NPS) is a voluntary, market-linked retirement savings scheme regulated by the Pension Fund Regulatory and Development Authority (PFRDA). Contributions are invested by professional pension fund managers in a mix of equity, corporate bonds, government securities and alternative assets.
NPS offers two account types: Tier I, the core retirement account with tax benefits and withdrawal restrictions, and Tier II, a voluntary, flexible savings account. You can choose your own asset allocation (Active Choice) or let it adjust automatically with age (Auto Choice).
At retirement, a portion of the corpus can be withdrawn as a lump sum, and the balance is used to purchase an annuity that provides a regular pension, as per prevailing PFRDA rules.
NPS at a Glance
Tier I Account
Core retirement account with tax benefits and a long-term lock-in.
Tier II Account
Optional, flexible savings account with easier withdrawals.
Active Choice
You decide the allocation across equity, corporate bonds and government securities.
Auto Choice
Allocation adjusts automatically as you grow older.
Corporate NPS
Employer contributions with additional tax benefits under Section 80CCD(2).
Why Do You Need NPS?
Low-Cost Retirement Saving
NPS is among the lowest-cost retirement products available in India.
Additional Tax Benefit
An extra deduction of up to ₹50,000 under Section 80CCD(1B), over and above Section 80C, subject to the tax regime.
Disciplined Long-Term Saving
The long-term structure encourages consistent saving for retirement.
Professional Management
Funds are managed by regulated pension fund managers with a choice of allocation strategies.
Why Choose Our NPS Services?
We make NPS simple to open, efficient to use and well integrated with your overall retirement plan.
Seamless Account Opening
Assistance with registration, KYC and nominations.
Allocation Guidance
Help choosing the right pension fund manager and asset allocation.
Tax Optimisation
Contributions planned to make the most of available deductions.
Exit Planning
Guidance on withdrawal and annuity options as retirement approaches.
Our Process
- Understand Your Objectives Your goals, time horizon and liquidity needs.
- Assess Your Risk Profile A documented assessment of your risk capacity and tolerance.
- Research & Shortlist Products evaluated on consistency, process, quality and costs.
- Invest & Implement Your allocation executed with paperless onboarding.
- Monitor & Optimise Ongoing tracking, reporting and rebalancing.
Start Your Journey Today
Speak with our team for a personalised, no-obligation discussion.
Frequently Asked Questions
Can I withdraw from NPS before retirement?
Partial withdrawals are permitted for specified purposes, such as children's education, marriage or medical treatment, after a minimum period and within limits set by PFRDA.
What happens at retirement?
A portion of the corpus can be withdrawn as a lump sum, and the balance is used to purchase an annuity that pays a regular pension.
Is NPS suitable for self-employed individuals?
Yes. Any eligible Indian citizen, including self-employed professionals and NRIs, can open an NPS account.
What is the difference between Tier I and Tier II?
Tier I is the retirement account with tax benefits and restricted withdrawals; Tier II is an optional, more flexible savings account.
Can I change my fund manager or allocation?
Yes. You can change your pension fund manager and asset allocation within the limits allowed by PFRDA.