SBI PENSION FUND SCHEME - CENTRAL GOVT - 28.7158 as on 22-05-2019 || SBI PENSION FUND SCHEME - STATE GOVT - 24.6654 as on 22-05-2019 || SBI PENSION FUND SCHEME E - TIER I - 25.7514 as on 22-05-2019 || SBI PENSION FUND SCHEME C - TIER I - 26.879 as on 22-05-2019 || SBI PENSION FUND SCHEME G - TIER I - 25.12 as on 22-05-2019 || SBI PENSION FUND SCHEME E - TIER II - 23.7417 as on 22-05-2019 || SBI PENSION FUND SCHEME C - TIER II - 24.5821 as on 22-05-2019 || SBI PENSION FUND SCHEME G - TIER II - 23.9302 as on 22-05-2019 || NPS TRUST A/C-SBI PENSION FUNDS PRIVATE LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 23.3087 as on 22-05-2019 || SBI PENSION FUNDS PVT. LTD. SCHEME - CORPORATE-CG - 18.321 as on 22-05-2019 || NPS TRUST - A/C SBI PENSION FUND SCHEME - ATAL PENSION YOJANA (APY) - 13.8859 as on 22-05-2019 || SBI PENSION FUND SCHEME A - TIER I - 12.1682 as on 22-05-2019 || SBI PENSION FUND SCHEME A - TIER II - 10 as on 22-05-2019 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME- CENTRAL GOVT - 27.7843 as on 22-05-2019 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME- STATE GOVT - 24.7301 as on 22-05-2019 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME E - TIER I - 29.7784 as on 22-05-2019 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME C - TIER I - 24.1194 as on 22-05-2019 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME G - TIER I - 22.5329 as on 22-05-2019 || UTI RETIREMENT SOLUTIONS SCHEME E - TIER II - 24.2608 as on 22-05-2019 || UTI RETIREMENT SOLUTIONS SCHEME C - TIER II - 23.1077 as on 22-05-2019 || UTI RETIREMENT SOLUTIONS SCHEME G - TIER II - 23.1748 as on 22-05-2019 || NPS TRUST A/C-UTI RETIREMENT SOLUTIONS LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 23.0748 as on 22-05-2019 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME - CORPORATE-CG - 10 as on 22-05-2019 || NPS TRUST - A/C UTI RETIREMENT SOLUTIONS LTD. SCHEME - ATAL PENSION YOJANA (APY) - 14.1826 as on 22-05-2019 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME A - TIER I - 11.9382 as on 22-05-2019 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME A - TIER II - 10 as on 22-05-2019 || LIC PENSION FUND SCHEME - CENTRAL GOVT - 27.8767 as on 22-05-2019 || LIC PENSION FUND SCHEME - STATE GOVT - 24.8736 as on 22-05-2019 || NPS TRUST A/C-LIC PENSION FUND LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 23.0674 as on 22-05-2019 || LIC PENSION FUND LIMITED SCHEME - CORPORATE-CG - 18.3569 as on 22-05-2019 || LIC PENSION FUND SCHEME E - TIER I - 19.3272 as on 22-05-2019 || LIC PENSION FUND SCHEME C - TIER I - 17.2574 as on 22-05-2019 || LIC PENSION FUND SCHEME G - TIER I - 18.5593 as on 22-05-2019 || LIC PENSION FUND SCHEME E - TIER II - 16.1394 as on 22-05-2019 || LIC PENSION FUND SCHEME C - TIER II - 16.1176 as on 22-05-2019 || LIC PENSION FUND SCHEME G - TIER II - 18.8485 as on 22-05-2019 || NPS TRUST - A/C LIC PENSION FUND SCHEME - ATAL PENSION YOJANA (APY) - 14.1043 as on 22-05-2019 || LIC PENSION FUND SCHEME A - TIER I - 12.1486 as on 22-05-2019 || LIC PENSION FUND SCHEME A - TIER II - 10 as on 22-05-2019 || KOTAK PENSION FUND SCHEME E - TIER I - 27.4031 as on 22-05-2019 || KOTAK PENSION FUND SCHEME C - TIER I - 26.494 as on 22-05-2019 || KOTAK PENSION FUND SCHEME G - TIER I - 23.1337 as on 22-05-2019 || KOTAK PENSION FUND SCHEME E - TIER II - 24.3158 as on 22-05-2019 || KOTAK PENSION FUND SCHEME C - TIER II - 22.8 as on 22-05-2019 || KOTAK PENSION FUND SCHEME G - TIER II - 21.5984 as on 22-05-2019 || NPS TRUST A/C-KOTAK MAHINDRA PENSION FUND LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 20.161 as on 22-05-2019 || KOTAK PENSION FUND SCHEME A - TIER I - 11.9334 as on 22-05-2019 || KOTAK PENSION FUND SCHEME A - TIER II - 10 as on 22-05-2019 || RELIANCE PENSION FUND SCHEME E - TIER I - 27.301 as on 22-05-2019 || RELIANCE PENSION FUND SCHEME C - TIER I - 24.0294 as on 22-05-2019 || RELIANCE PENSION FUND SCHEME G - TIER I - 22.5696 as on 22-05-2019 || RELIANCE PENSION FUND SCHEME E - TIER II - 23.3768 as on 22-05-2019 || RELIANCE PENSION FUND SCHEME C - TIER II - 22.21 as on 22-05-2019 || RELIANCE PENSION FUND SCHEME G - TIER II - 21.7637 as on 22-05-2019 || NPS TRUST A/C-RELIANCE CAPITAL PENSION FUND LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 10 as on 22-05-2019 || RELIANCE PENSION FUND SCHEME A - TIER I - 11.8388 as on 22-05-2019 || RELIANCE PENSION FUND SCHEME A - TIER II - 10 as on 22-05-2019 || ICICI PRUDENTIAL PENSION FUND SCHEME E - TIER I - 30.0255 as on 22-05-2019 || ICICI PRUDENTIAL PENSION FUND SCHEME C - TIER I - 26.8733 as on 22-05-2019 || ICICI PRUDENTIAL PENSION FUND SCHEME G - TIER I - 23.2712 as on 22-05-2019 || ICICI PRUDENTIAL PENSION FUND SCHEME E - TIER II - 23.691 as on 22-05-2019 || ICICI PRUDENTIAL PENSION FUND SCHEME C - TIER II - 24.9767 as on 22-05-2019 || ICICI PRUDENTIAL PENSION FUND SCHEME G - TIER II - 22.2988 as on 22-05-2019 || NPS TRUST A/C-ICICI PRUDENTIAL PENSION FUNDS MANAGEMENT COMPANY LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 10 as on 22-05-2019 || ICICI PRUDENTIAL PENSION FUND SCHEME A - TIER I - 11.9554 as on 22-05-2019 || ICICI PRUDENTIAL PENSION FUND SCHEME A - TIER II - 10 as on 22-05-2019 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME E - TIER I - 22.2587 as on 22-05-2019 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME C - TIER I - 17.4325 as on 22-05-2019 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME G - TIER I - 17.2698 as on 22-05-2019 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME E - TIER II - 19.2511 as on 22-05-2019 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME C - TIER II - 16.4332 as on 22-05-2019 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME G - TIER II - 17.6411 as on 22-05-2019 || NPS TRUST A/C-HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME - NPS LITE SCHEME - GOVT. PATTERN - 10 as on 22-05-2019 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME A - TIER I - 12.2952 as on 22-05-2019 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME A - TIER II - 10 as on 22-05-2019 || BIRLA SUN LIFE PENSION SCHEME E - TIER I - 12.1485 as on 22-05-2019 || BIRLA SUN LIFE PENSION SCHEME C - TIER I - 11.8527 as on 22-05-2019 || BIRLA SUN LIFE PENSION SCHEME G - TIER I - 11.5684 as on 22-05-2019 || BIRLA SUN LIFE PENSION SCHEME A - TIER I - 11.5028 as on 22-05-2019 || BIRLA SUN LIFE PENSION SCHEME E - TIER II - 12.0556 as on 22-05-2019 || BIRLA SUN LIFE PENSION SCHEME C - TIER II - 11.5079 as on 22-05-2019 || BIRLA SUN LIFE PENSION SCHEME G - TIER II - 11.1734 as on 22-05-2019 || BIRLA SUN LIFE PENSION SCHEME A - TIER II - 10 as on 22-05-2019 ||

Toll Free Number -1800-110-069 of Atal Pension Yojana                  Submission of FATCA Self Declaration                 Go Paperless Opt for an Email Annual Transaction Statement                 Proposal for streamlining the NPS by Ministry of Finance                 NPS Trust has stopped recovering its administrative charges / expenses with effect from 25/01/2019                  Voluntary Contribution in Tier I account by Govt. Sector Subscribers                 

Annuity Related

In the context of NPS, Annuity refers to the monthly sum received by the Subscriber from the Annuity Service Provider (ASP). A percentage of the pension wealth as decided by the Subscribers (minimum 40% & 80% is to be invested with ASP in case Withdrawal is due to Superannuation & Pre-mature Exit and Death respectively) is utilized for purchase of Annuity from the empaneled Annuity Service Providers.

Indian Life Insurance companies which are licensed by Insurance Regulatory and Development Authority (IRDA) can act as Annuity Service Providers. However, Annuity Service Providers needs to be empanelled by PFRDA to provide Annuity services to the NPS Subscribers. The list of Annuity service providers empaneled by PFRDA can be accessed at: https://npscra.nsdl.co.in/annuity-service-provider.php.

Annuity (Pension) starts immediately, if Subscriber fulfills the Age and Corpus criteria for purchasing Annuity (depending upon choice of ASP and Annuity scheme of the respective Annuity Service Provider).

Following schemes are available with ASPs:

  • Annuity for life - On death of the annuitant, payment of Annuity ceases.
  • Annuity for life with return of purchase price on death - On death of the annuitant, payment of Annuity ceases and the purchase price is returned to the nominee.
  • Annuity payable for life with 100% Annuity payable to spouse on death of annuitant - On death of the annuitant, Annuity is paid to the spouse during his/her life time. If the spouse predeceases the annuitant, payment of Annuity will cease after the death of the annuitant.
  • Annuity payable for life with 100% Annuity payable to spouse on death of annuitant with return on purchase of Annuity - On death of the annuitant, Annuity is paid to the spouse during his/her life time and purchase price is returned to the nominee after the death of the spouse.
  • Default Annuity Scheme (Applicable in case of Government Sector Subscribers only): kindly refer question no. 5 for detail description.

Default Annuity Scheme shall provide for Annuity for life of the Subscriber and his or her spouse (if any) with provision for return of purchase price of the Annuity and upon the demise of such Subscriber, the Annuity be re-issued to the family members in the order specified hereunder at a premium rate prevalent at the time of purchase of such Annuity by utilizing the purchase price required to be returned under the Annuity contract (until all the family members in the order specified below are covered):

(a) Living dependent mother of the deceased Subscriber;
(b) Living dependent father of the deceased Subscriber.

After the coverage of all the family members specified above, the purchase price shall be returned to the surviving children of the Subscriber and in the absence of children, the legal heirs of the Subscriber, as may be applicable.

In case of Superannuation & Pre-mature Exit, Subscriber can purchase any one scheme which are available with respective Annuity Service Provider. However, In case of death, Spouse has to purchase Default Annuity Scheme.

Once an Annuity is purchased, the option of cancellation or reinvestment with another Annuity Service Provider or in other Annuity scheme shall not be allowed unless the same is within the time limit specified (free look period as provided in terms of the Annuity contract or specifically provided by the IRDA) by the Annuity Service Provider.

The mode and manner of payment of amount (if any) will depend on the type of Annuity scheme selected by the Subscriber while buying the Annuity. Family members of the deceased Subscriber need to contact concerned Annuity Service Provider.

At present five ASPs are providing the Annuity services to the NPS Subscribers. The ASPs are as follows:

  • Life Insurance Corporation of India
  • SBI Life Insurance Co. Ltd.
  • ICICI Prudential Life Insurance Co. Ltd.
  • HDFC Standard Life Insurance Co Ltd
  • Star Union Dai-ichi Life Insurance Co. Ltd.

The contact details of the ASPs are available at https://npscra.nsdl.co.in/annuity-service-provider.php