SBI PENSION FUND SCHEME - CENTRAL GOVT - 25.8762 as on 25-05-2018 || SBI PENSION FUND SCHEME - STATE GOVT - 22.2193 as on 25-05-2018 || SBI PENSION FUND SCHEME E - TIER I - 23.6513 as on 25-05-2018 || SBI PENSION FUND SCHEME C - TIER I - 24.387 as on 25-05-2018 || SBI PENSION FUND SCHEME G - TIER I - 22.2991 as on 25-05-2018 || SBI PENSION FUND SCHEME E - TIER II - 21.8105 as on 25-05-2018 || SBI PENSION FUND SCHEME C - TIER II - 22.3235 as on 25-05-2018 || SBI PENSION FUND SCHEME G - TIER II - 21.3011 as on 25-05-2018 || NPS TRUST A/C-SBI PENSION FUNDS PRIVATE LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 21.0014 as on 25-05-2018 || SBI PENSION FUNDS PVT. LTD. SCHEME - CORPORATE-CG - 16.4877 as on 25-05-2018 || NPS TRUST - A/C SBI PENSION FUND SCHEME - ATAL PENSION YOJANA (APY) - 12.474 as on 25-05-2018 || SBI PENSION FUND SCHEME A - TIER I - 11.1848 as on 25-05-2018 || SBI PENSION FUND SCHEME A - TIER II - 20 as on 25-05-2018 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME- CENTRAL GOVT - 25.1323 as on 25-05-2018 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME- STATE GOVT - 22.3765 as on 25-05-2018 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME E - TIER I - 27.7485 as on 25-05-2018 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME C - TIER I - 22.0682 as on 25-05-2018 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME G - TIER I - 20.0747 as on 25-05-2018 || UTI RETIREMENT SOLUTIONS SCHEME E - TIER II - 22.5099 as on 25-05-2018 || UTI RETIREMENT SOLUTIONS SCHEME C - TIER II - 21.0911 as on 25-05-2018 || UTI RETIREMENT SOLUTIONS SCHEME G - TIER II - 20.6133 as on 25-05-2018 || NPS TRUST A/C-UTI RETIREMENT SOLUTIONS LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 20.8599 as on 25-05-2018 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME - CORPORATE-CG - 10 as on 25-05-2018 || NPS TRUST - A/C UTI RETIREMENT SOLUTIONS LTD. SCHEME - ATAL PENSION YOJANA (APY) - 12.8156 as on 25-05-2018 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME A - TIER I - 11.0981 as on 25-05-2018 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME A - TIER II - 10 as on 25-05-2018 || LIC PENSION FUND SCHEME - CENTRAL GOVT - 25.1759 as on 25-05-2018 || LIC PENSION FUND SCHEME - STATE GOVT - 22.4797 as on 25-05-2018 || NPS TRUST A/C-LIC PENSION FUND LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 20.7621 as on 25-05-2018 || LIC PENSION FUND LIMITED SCHEME - CORPORATE-CG - 16.5062 as on 25-05-2018 || LIC PENSION FUND SCHEME E - TIER I - 18.0352 as on 25-05-2018 || LIC PENSION FUND SCHEME C - TIER I - 15.7362 as on 25-05-2018 || LIC PENSION FUND SCHEME G - TIER I - 16.1851 as on 25-05-2018 || LIC PENSION FUND SCHEME E - TIER II - 15.0286 as on 25-05-2018 || LIC PENSION FUND SCHEME C - TIER II - 14.7428 as on 25-05-2018 || LIC PENSION FUND SCHEME G - TIER II - 16.2243 as on 25-05-2018 || NPS TRUST - A/C LIC PENSION FUND SCHEME - ATAL PENSION YOJANA (APY) - 12.7251 as on 25-05-2018 || LIC PENSION FUND SCHEME A - TIER I - 11.0509 as on 25-05-2018 || LIC PENSION FUND SCHEME A - TIER II - 10 as on 25-05-2018 || KOTAK PENSION FUND SCHEME E - TIER I - 25.268 as on 25-05-2018 || KOTAK PENSION FUND SCHEME C - TIER I - 24.2751 as on 25-05-2018 || KOTAK PENSION FUND SCHEME G - TIER I - 20.4671 as on 25-05-2018 || KOTAK PENSION FUND SCHEME E - TIER II - 22.3425 as on 25-05-2018 || KOTAK PENSION FUND SCHEME C - TIER II - 20.8339 as on 25-05-2018 || KOTAK PENSION FUND SCHEME G - TIER II - 19.2476 as on 25-05-2018 || NPS TRUST A/C-KOTAK MAHINDRA PENSION FUND LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 18.3059 as on 25-05-2018 || KOTAK PENSION FUND SCHEME A - TIER I - 11.0535 as on 25-05-2018 || KOTAK PENSION FUND SCHEME A - TIER II - 10 as on 25-05-2018 || RELIANCE PENSION FUND SCHEME E - TIER I - 25.2185 as on 25-05-2018 || RELIANCE PENSION FUND SCHEME C - TIER I - 21.9493 as on 25-05-2018 || RELIANCE PENSION FUND SCHEME G - TIER I - 20.0959 as on 25-05-2018 || RELIANCE PENSION FUND SCHEME E - TIER II - 21.5974 as on 25-05-2018 || RELIANCE PENSION FUND SCHEME C - TIER II - 20.4522 as on 25-05-2018 || RELIANCE PENSION FUND SCHEME G - TIER II - 19.5245 as on 25-05-2018 || NPS TRUST A/C-RELIANCE CAPITAL PENSION FUND LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 10 as on 25-05-2018 || RELIANCE PENSION FUND SCHEME A - TIER I - 11.0061 as on 25-05-2018 || RELIANCE PENSION FUND SCHEME A - TIER II - 10 as on 25-05-2018 || ICICI PRUDENTIAL PENSION FUND SCHEME E - TIER I - 27.5625 as on 25-05-2018 || ICICI PRUDENTIAL PENSION FUND SCHEME C - TIER I - 24.3869 as on 25-05-2018 || ICICI PRUDENTIAL PENSION FUND SCHEME G - TIER I - 20.6912 as on 25-05-2018 || ICICI PRUDENTIAL PENSION FUND SCHEME E - TIER II - 21.7401 as on 25-05-2018 || ICICI PRUDENTIAL PENSION FUND SCHEME C - TIER II - 22.7083 as on 25-05-2018 || ICICI PRUDENTIAL PENSION FUND SCHEME G - TIER II - 19.8451 as on 25-05-2018 || NPS TRUST A/C-ICICI PRUDENTIAL PENSION FUNDS MANAGEMENT COMPANY LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 10 as on 25-05-2018 || ICICI PRUDENTIAL PENSION FUND SCHEME A - TIER I - 10.9928 as on 25-05-2018 || ICICI PRUDENTIAL PENSION FUND SCHEME A - TIER II - 10 as on 25-05-2018 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME E - TIER I - 20.5504 as on 25-05-2018 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME C - TIER I - 15.8178 as on 25-05-2018 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME G - TIER I - 15.2729 as on 25-05-2018 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME E - TIER II - 17.7869 as on 25-05-2018 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME C - TIER II - 14.9501 as on 25-05-2018 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME G - TIER II - 15.6205 as on 25-05-2018 || NPS TRUST A/C-HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME - NPS LITE SCHEME - GOVT. PATTERN - 10 as on 25-05-2018 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME A - TIER I - 11.3236 as on 25-05-2018 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME A - TIER II - 10 as on 25-05-2018 || BIRLA SUN LIFE PENSION SCHEME E - TIER I - 11.4147 as on 25-05-2018 || BIRLA SUN LIFE PENSION SCHEME C - TIER I - 10.7599 as on 25-05-2018 || BIRLA SUN LIFE PENSION SCHEME G - TIER I - 10.2726 as on 25-05-2018 || BIRLA SUN LIFE PENSION SCHEME A - TIER I - 10.695 as on 25-05-2018 || BIRLA SUN LIFE PENSION SCHEME E - TIER II - 11.3829 as on 25-05-2018 || BIRLA SUN LIFE PENSION SCHEME C - TIER II - 10.4563 as on 25-05-2018 || BIRLA SUN LIFE PENSION SCHEME G - TIER II - 9.9185 as on 25-05-2018 || BIRLA SUN LIFE PENSION SCHEME A - TIER II - 10 as on 25-05-2018

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Corporate Sector

The Central Government has introduced the National Pension System (NPS) with effect from January 01, 2004 (except for armed forces). Pension Fund Regulatory and Development Authority (PFRDA), the regulatory body for NPS, has appointed NSDL as Central Recordkeeping Agency (CRA) for National Pension System. CRA is the first of its kind venture in India which will carry out the functions of Record Keeping, Administration and Customer Service for all subscribers under NPS. CRA shall issue a Permanent Retirement Account Number (PRAN) to each subscriber and maintain data base of each Permanent Retirement account along with recording transactions relating to each PRAN.

NPS Corporate Sector Model is the customized version of core NPS to suit various organizations and their employees to adopt NPS as an organized entity within purview of their employer-employee relationship. This would facilitate corporate entities and other registered bodies to move their existing and prospective employees to NPS architecture. This is in an additional avenue for retirement planning being made available to organized sector and does not dilute their responsibilities under other statutory provisions like Provident Fund etc. Corporate sector has been formally launched from December 2011. Corporate may join NPS through any one of the existing POPs.

Eligibility for corporate to Join NPS
  • Entities registered under Companies Act,
  • Entities registered under various Co-operative Acts,
  • Central Public Sector Enterprises
  • State Public Sector Enterprises
  • Registered Partnership firm
  • Registered Limited Liability Partnership (LLPs)
  • Anybody incorporated under any act of Parliament or State legislature or by order of Central / State Government
  • Proprietorship Concern
  • Trust/Society
Features under Corporate Sector
  • The features applicable under All Citizens of India are available under corporate sector. In addition to these features, a corporate / subscribers under corporate sector can opt for the following:

Co-contribution

NPS provides platform for corporate to co-contribute for its subscribers or facilitate them to contribute for their pension. There are three variations of contributions from employer and employee:

  • Equal contributions by employer and employee
  • Unequal contribution by the employer and the employee
  • Contribution from either the employer or the employee

A Corporate subscriber can also voluntarily contribute in their Tier I through their associated POP. However, contribution in Tier II account can be done through any POP.

Scheme setup option

In NPS, a Corporate would have flexibility to decide investment choice either at subscriber level or at the corporate level centrally for all its underlying subscribers. A corporate can also select a PFM at a corporate level and allow the underlying subscriber to decide the allocation of funds among the three asset classes viz: Equity, Corporate Debt and Government Security.

Tier II

A corporate subscriber can open both Tier I and Tier II account simultaneously at the time of initial registration or can activate Tier II account subsequently through the associated POP. The investment option for the Tier-II account needs to be exercised by the subscriber, which can be different from Tier-I account.

TAX Benefits

Tax Benefit to Corporate

10% of the salary (basic and dearness allowance) of employers Contribution can be deducted as “Business Expense” from their Profit & Loss Account.

Tax benefit to Subscriber

The employer’s Contribution to NPS upto 10% of basic plus DA is allowed deduction under section 80CCD(2) and excluded from the limit of Rs.1.5 lakh.(http://indiabudget.nic.in) .

Steps to operationalise NPS Corporate

  • Selection of a POP
  • Registration of the corporate through the selected POP
  • Registration of subscribers through the selected POP
  • Commence contribution in Tier I account