National Pension System (NPS), Plot no-243/3, Shanti Nagar, Jharpada, Bhubaneswar in Bhubaneswar, Orissa

The National Pension System is an attempt towards providing adequate retirement income to every citizen of India. NPS aims at ensuring financial security to every citizen by encouraging them to start contributing towards the old age saving. NPS has been designed to enable the subscribers to make optimum decisions regarding their future through systematic savings during their employment. NPS seeks to inculcate the habit of saving for retirement amongst the citizens. Initially launched for Central Government employees, later it was offered to employees of various State Governments, corporate, and individuals belonging to unorganized sector and economically disadvantaged sections (NPS). In order to promote NPS and extend NPS benefits to maximum possible target beneficiaries, Government of India has recently launched “Swavalamban” scheme
Government of India announced a scheme under the name of ‘Swavalamban Yojana’ in which government has made a provision to pay an incentive contribution to each subscriber of Unorganized sector and NPS sector who is willing to participate in this scheme and also fulfilling eligibility criterion.
Benefits of joining NPS Lite
ØIt is voluntary - NPS is open to eligible* Indian citizens. You can choose the amount you want to set
Øside and save every year. Investment can be as low as Rs.100 p.m.
Ø It is simple - all you have to do is open an account through your Aggregator and get a PRAN.
ØIt is uniform -. Single investment plan similar to Central Govt employees.
ØIt is portable - You can operate your account from anywhere in the country, even if you change your
Øcity, job or your Aggregator
ØIt is safe - NPS is regulated by PFRDA, with transparent investment norms and regular monitoring and performance review of fund managers by NPS Trust.
ØIt is affordable-NPS Lite has features optimized for low investment potential subscribers and is available at ultra low cos
NPS -LITE (PENSION SCHEME BY GOVT. OF INDIA)
ØAny citizen of India of Age 18- 60 yrs can open NPS LITE account
ØNPS LITE pension plan is beneficial for lower middle / poor class to save money
ØIncome Tax Benefit U/s 70C
ØInvest yearly 1000 and get Govt. Contribution 1000* pa
ØAccount can be opened with nominal subscription of Rs.100 onwards
ØSWAVALAMBAN benefit will be avail to subscriber’s who invest Rs.1000 min & do not exceed Rs. 12000 p.a for FY.
ØInvestment exceed Rs. 12000 pa will not get yearly govt Swavalamban benefit
ØUp to 60% withdrawal is allowed at retirement age, remaining 40% corpus will be given as Annuity
ØFund is being managed by Pension fund Manager (PFM)
ØPRAN no. will be allocated by NSDL- CRA (Central Record Agency).
ØEarn min. Interest 8.25% (PFM) or even higher depend upon the fund performance.
ØFund allocation -15% Equity, Upto 45% Corporate bonds & Upto 55% Govt. Bonds
Ø1 photo, 1 Xerox copies Id proof & Address proof required.
ØSubscriber will get individual PRAN Card. (permanent retirement account number) within 30 days.
ØAccount opening charge is just Rs.250/- (one time) 100 Rs Refundable
ØPayout Per Form 60 Rs.(TO CENTER)
ØApplication form should be filled with Black ink only.
ØFor any Query mail at sales@qubeinfosolutions.com
ØPlz collect Receipt for any cash payment done for NPS
ØRejected application, will get back amount refund.
ØPRAN card available in Hindi also.
ØMaximum payment limit under this plan should not exceed Rs.50000 p.a.