SBI PENSION FUND SCHEME - CENTRAL GOVT - 26.2269 as on 21-09-2018 || SBI PENSION FUND SCHEME - STATE GOVT - 22.51 as on 21-09-2018 || SBI PENSION FUND SCHEME E - TIER I - 24.7788 as on 21-09-2018 || SBI PENSION FUND SCHEME C - TIER I - 24.7498 as on 21-09-2018 || SBI PENSION FUND SCHEME G - TIER I - 22.4502 as on 21-09-2018 || SBI PENSION FUND SCHEME E - TIER II - 22.8534 as on 21-09-2018 || SBI PENSION FUND SCHEME C - TIER II - 22.6408 as on 21-09-2018 || SBI PENSION FUND SCHEME G - TIER II - 21.4598 as on 21-09-2018 || NPS TRUST A/C-SBI PENSION FUNDS PRIVATE LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 21.31 as on 21-09-2018 || SBI PENSION FUNDS PVT. LTD. SCHEME - CORPORATE-CG - 16.7138 as on 21-09-2018 || NPS TRUST - A/C SBI PENSION FUND SCHEME - ATAL PENSION YOJANA (APY) - 12.6554 as on 21-09-2018 || SBI PENSION FUND SCHEME A - TIER I - 11.2497 as on 21-09-2018 || SBI PENSION FUND SCHEME A - TIER II - 20 as on 21-09-2018 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME- CENTRAL GOVT - 25.4504 as on 21-09-2018 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME- STATE GOVT - 22.6484 as on 21-09-2018 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME E - TIER I - 28.9401 as on 21-09-2018 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME C - TIER I - 22.2286 as on 21-09-2018 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME G - TIER I - 20.2152 as on 21-09-2018 || UTI RETIREMENT SOLUTIONS SCHEME E - TIER II - 23.5572 as on 21-09-2018 || UTI RETIREMENT SOLUTIONS SCHEME C - TIER II - 21.3199 as on 21-09-2018 || UTI RETIREMENT SOLUTIONS SCHEME G - TIER II - 20.7365 as on 21-09-2018 || NPS TRUST A/C-UTI RETIREMENT SOLUTIONS LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 21.1614 as on 21-09-2018 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME - CORPORATE-CG - 10 as on 21-09-2018 || NPS TRUST - A/C UTI RETIREMENT SOLUTIONS LTD. SCHEME - ATAL PENSION YOJANA (APY) - 12.9801 as on 21-09-2018 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME A - TIER I - 11.3656 as on 21-09-2018 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME A - TIER II - 10 as on 21-09-2018 || LIC PENSION FUND SCHEME - CENTRAL GOVT - 25.526 as on 21-09-2018 || LIC PENSION FUND SCHEME - STATE GOVT - 22.7664 as on 21-09-2018 || NPS TRUST A/C-LIC PENSION FUND LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 21.0646 as on 21-09-2018 || LIC PENSION FUND LIMITED SCHEME - CORPORATE-CG - 16.724 as on 21-09-2018 || LIC PENSION FUND SCHEME E - TIER I - 18.9153 as on 21-09-2018 || LIC PENSION FUND SCHEME C - TIER I - 15.8971 as on 21-09-2018 || LIC PENSION FUND SCHEME G - TIER I - 16.2914 as on 21-09-2018 || LIC PENSION FUND SCHEME E - TIER II - 15.7436 as on 21-09-2018 || LIC PENSION FUND SCHEME C - TIER II - 14.8418 as on 21-09-2018 || LIC PENSION FUND SCHEME G - TIER II - 16.3658 as on 21-09-2018 || NPS TRUST - A/C LIC PENSION FUND SCHEME - ATAL PENSION YOJANA (APY) - 12.8859 as on 21-09-2018 || LIC PENSION FUND SCHEME A - TIER I - 11.3101 as on 21-09-2018 || LIC PENSION FUND SCHEME A - TIER II - 10 as on 21-09-2018 || KOTAK PENSION FUND SCHEME E - TIER I - 26.362 as on 21-09-2018 || KOTAK PENSION FUND SCHEME C - TIER I - 24.4457 as on 21-09-2018 || KOTAK PENSION FUND SCHEME G - TIER I - 20.644 as on 21-09-2018 || KOTAK PENSION FUND SCHEME E - TIER II - 23.3437 as on 21-09-2018 || KOTAK PENSION FUND SCHEME C - TIER II - 21.0451 as on 21-09-2018 || KOTAK PENSION FUND SCHEME G - TIER II - 19.3979 as on 21-09-2018 || NPS TRUST A/C-KOTAK MAHINDRA PENSION FUND LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 18.5137 as on 21-09-2018 || KOTAK PENSION FUND SCHEME A - TIER I - 10.6737 as on 21-09-2018 || KOTAK PENSION FUND SCHEME A - TIER II - 10 as on 21-09-2018 || RELIANCE PENSION FUND SCHEME E - TIER I - 26.385 as on 21-09-2018 || RELIANCE PENSION FUND SCHEME C - TIER I - 22.204 as on 21-09-2018 || RELIANCE PENSION FUND SCHEME G - TIER I - 20.2163 as on 21-09-2018 || RELIANCE PENSION FUND SCHEME E - TIER II - 22.6453 as on 21-09-2018 || RELIANCE PENSION FUND SCHEME C - TIER II - 20.7253 as on 21-09-2018 || RELIANCE PENSION FUND SCHEME G - TIER II - 19.6733 as on 21-09-2018 || NPS TRUST A/C-RELIANCE CAPITAL PENSION FUND LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 10 as on 21-09-2018 || RELIANCE PENSION FUND SCHEME A - TIER I - 11.2704 as on 21-09-2018 || RELIANCE PENSION FUND SCHEME A - TIER II - 10 as on 21-09-2018 || ICICI PRUDENTIAL PENSION FUND SCHEME E - TIER I - 28.8727 as on 21-09-2018 || ICICI PRUDENTIAL PENSION FUND SCHEME C - TIER I - 24.7738 as on 21-09-2018 || ICICI PRUDENTIAL PENSION FUND SCHEME G - TIER I - 20.8521 as on 21-09-2018 || ICICI PRUDENTIAL PENSION FUND SCHEME E - TIER II - 22.7649 as on 21-09-2018 || ICICI PRUDENTIAL PENSION FUND SCHEME C - TIER II - 23.0539 as on 21-09-2018 || ICICI PRUDENTIAL PENSION FUND SCHEME G - TIER II - 20.0052 as on 21-09-2018 || NPS TRUST A/C-ICICI PRUDENTIAL PENSION FUNDS MANAGEMENT COMPANY LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 10 as on 21-09-2018 || ICICI PRUDENTIAL PENSION FUND SCHEME A - TIER I - 11.0047 as on 21-09-2018 || ICICI PRUDENTIAL PENSION FUND SCHEME A - TIER II - 10 as on 21-09-2018 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME E - TIER I - 21.4001 as on 21-09-2018 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME C - TIER I - 16.0267 as on 21-09-2018 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME G - TIER I - 15.4204 as on 21-09-2018 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME E - TIER II - 18.486 as on 21-09-2018 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME C - TIER II - 15.1491 as on 21-09-2018 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME G - TIER II - 15.7422 as on 21-09-2018 || NPS TRUST A/C-HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME - NPS LITE SCHEME - GOVT. PATTERN - 10 as on 21-09-2018 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME A - TIER I - 11.2318 as on 21-09-2018 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME A - TIER II - 10 as on 21-09-2018 || BIRLA SUN LIFE PENSION SCHEME E - TIER I - 12.0288 as on 21-09-2018 || BIRLA SUN LIFE PENSION SCHEME C - TIER I - 10.9105 as on 21-09-2018 || BIRLA SUN LIFE PENSION SCHEME G - TIER I - 10.36 as on 21-09-2018 || BIRLA SUN LIFE PENSION SCHEME A - TIER I - 10.9515 as on 21-09-2018 || BIRLA SUN LIFE PENSION SCHEME E - TIER II - 11.9997 as on 21-09-2018 || BIRLA SUN LIFE PENSION SCHEME C - TIER II - 10.6238 as on 21-09-2018 || BIRLA SUN LIFE PENSION SCHEME G - TIER II - 9.9998 as on 21-09-2018 || BIRLA SUN LIFE PENSION SCHEME A - TIER II - 10 as on 21-09-2018 ||

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Features & Benefits of NPS

The benefits of NPS are

  1. It is voluntary - A Subscriber can contribute at any point of time in a Financial Year and also change the amount he wants to set aside and save every year.
  2. It is simple - Subscriber is required to open an account with any one of the POPs (Point of Presence) or through eNPS (https://enps.nsdl.com/eNPS/).
  3. It is flexible - Subscribers can choose their own investment options and pension fund and see their money grow.
  4. It is portable - Subscribers can operate their account from anywhere, even if they change the city and/or employment.
  5. It is regulated - NPS is regulated by PFRDA, with transparent investment norms and regular monitoring and performance review of fund managers by NPS Trust.

Pension Funds are responsible for investing contributions, accumulating them and managing pension corpus through various schemes under National Pension System in accordance with the provisions of the PFRDA Act.

NPS offers you two approaches to invest in your account:

  1. Active choice
  2. Auto choice

In Active choice, Subscriber selects the allocation percentage in assets classes,however, in Auto choice, funds are automatically allocated amongst asset classes in a pre-defined matrix, based on the age of the subscriber. After selection of pension fund manager, Subscriber also has to exercise the choice of investment.

Active choice:
Unlike traditional investment products, NPS offers you with the flexibility to design your own portfolio. Depending on your risk appetite, you can design your portfolio by allocating Funds amongst available four asset classes. This is called Active Choice. Following are the four asset classes are available under Active choice:

  1. Equity or E
  2. Corporate Debt or C
  3. Government Securities or G
  4. Alternative Investment Funds or AIF

Auto Choice:
At times designing your portfolio can be a little delicate and time consuming. NPS gives you the flexibility to opt for a dynamic and automatic allocation of your portfolio in case you do not want to exercise an Active choice. This option is called the Auto choice.

In Auto choice, your money will be invested in asset classes - E, C and G - in defined proportions based on your age. As individual’s age increases, exposure to Equity and Corporate Debt is gradually reduced and that in Government Securities is increased. Depending upon the risk appetite of subscriber, there are three different options available within Auto Choice-Aggressive, Moderate and Conservative.

  1. Aggressive (LC-75) – Maximum Equity exposure is 75% up to the age of 35
  2. Moderate (LC-50) - Maximum Equity exposure is 50% up to the age of 35
  3. Conservative (LC - 25) – Maximum Equity exposure is 25% up to the age of 35

Following are the assets classes are available for investment for investment under NPS:

  1. Equity or E- A 'high return-high risk' fund that invests predominantly in equity market instruments
  2. Corporate Debt or C - A 'medium return-medium risk' fund that invests predominantly in fixed income bearing instruments
  3. Government Securities or G - A 'low return-low risk' fund that invests purely in Government Securities
  4. Alternative Investment Funds or A –In this asset class, investments are being made in instruments like CMBS, MBS, REITS, AIFs, Invlts etc.

If you are a conservative investor, you can choose to invest your entire pension wealth in C or G asset class. However, if you want to have exposure to equity, you can allocate maximum 50% of your money to asset class 'E' or up to 5% in Alternative Investment Funds.

Scheme preference change is the option given to the Non-Government subscriber to design / redesign their own portfolio. It comprises change of Pension Fund Manager (PFMs), switching between Active choice and Auto choice and in case of Active choice to decide percentage of allocation in different asset classes.

A subscriber of Non-Government sector can change their Scheme Preference through their associated POP-SP. It can also be done online through their log-in credentials of CRA.

In NPS, there are multiple PFMs, Investment Options (Auto or Active) and four Asset Classes – Equity, Debt, Government Securities and Alternate Investment Funds. Subscriber has been given the flexibility to choose any one out of available Pension Fund Managers (PFMs) and investment options separately for Tier I and Tier II account.

Selection of Pension Fund Manager is mandatory while filling up the registration form. All the PFMs under NPS are registered and regulated by PFRDA. They are mandated to invest Subscriber's contribution as per prescribed guidelines and regulations by PFRDA.

You can find the performance of respective PFMs on NPS Trust website at http://www.npstrust.org.in/return-of-nps-scheme. Returns of different schemes under NPS may help you while selecting the PFM. In NPS, you are allowed to change PFM once in a financial year.

NPS provides you two types of accounts: Tier I and Tier II. Tier I is mandatory retirement account, whereas Tier II is a voluntary saving Account associated with your PRAN. Tier II offers greater flexibility in terms of withdrawal, unlike Tier I account, you can withdraw from your Tier II account at any point of time.

Below are few significant benefits of Tier II NPS Account:

  1. No additional annual maintenance Charge
  2. Saving for your day to day need (withdrawal at any point of time)
  3. Transfer fund to pension account ( Tier I) any time
  4. No minimum balance required
  5. No levy of exit load
  6. Separate Nomination facility available
  7. Option to select different Investment pattern from Tier I

Any subscriber who has an active Tier I account can activate a Tier II account

  1. It can also be opened along with Tier I account
  2. It is open for any citizen of India, both resident and non-resident.
  3. All Government Subscribers who are mandatorily covered under NPS and have active Tier I account, can activate Tier II account

The contribution remitted in Subscriber's account is passed on to the PFMs as selected by the Subscriber at the time of registration (or changed subsequently). The PFMs invest the money and declare Net Asset Value (NAV) at the end of each business day. Accordingly, based on the NAV, units are credited in the Subscriber's account. The present value of the investment is arrived at by multiplying the units held with the NAV.

The return under NPS is market driven. Hence, there is no guaranteed/defined amount of return. The returns generated through investments are accumulated for the pension corpus and is not distributed by way of dividend or bonus.

Net Asset Value is also known as NAV. This is the price of one unit of a fund. NAV is calculated at the end of every working day. It is calculated by adding up the value of all the securities and cash in the fund's portfolio (its assets), subtracting the fund's liabilities, and dividing that number by the number of units that the fund has issued.

The NAV increases (or decreases) when the value of the fund's holdings increase (or decrease). NAV of schemes of different PFMs may differ. Even the different schemes under the same PFM will have different NAV.

No, there is no need to re-open NPS account when you change your Job or location. Portability is one of the key features of NPS, it can be operated from anywhere in the country irrespective of individual employment and location/geography.This implies that you can shift your PRAN from one sector to another, e.g. Central Government to Corporate sector, State Government to Central Government etc. and vice versa.Further, if you are relocated because of any reason, you can also change POP-SP within the same POP or you can change to POP of your choice available to the location.

You can find the list of POP/POP-SP of your location from the "Important Links" available on this website.