SBI PENSION FUND SCHEME - CENTRAL GOVT - 24.5537 as on 19-01-2017 || SBI PENSION FUND SCHEME - STATE GOVT - 21.1621 as on 19-01-2017 || SBI PENSION FUND SCHEME E - TIER I - 19.1104 as on 19-01-2017 || SBI PENSION FUND SCHEME C - TIER I - 23.2671 as on 19-01-2017 || SBI PENSION FUND SCHEME G - TIER I - 21.8937 as on 19-01-2017 || SBI PENSION FUND SCHEME E - TIER II - 17.5897 as on 19-01-2017 || SBI PENSION FUND SCHEME C - TIER II - 21.3024 as on 19-01-2017 || SBI PENSION FUND SCHEME G - TIER II - 20.951 as on 19-01-2017 || NPS TRUST A/C-SBI PENSION FUNDS PRIVATE LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 19.895 as on 19-01-2017 || SBI PENSION FUNDS PVT. LTD. SCHEME - CORPORATE-CG - 15.6832 as on 19-01-2017 || NPS TRUST - A/C SBI PENSION FUND SCHEME - ATAL PENSION YOJANA (APY) - 11.8544 as on 19-01-2017 || SBI PENSION FUND SCHEME A - TIER I - 10.1617 as on 19-01-2017 || SBI PENSION FUND SCHEME A - TIER II - 10.1388 as on 19-01-2017 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME- CENTRAL GOVT - 23.6917 as on 19-01-2017 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME- STATE GOVT - 21.1682 as on 19-01-2017 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME E - TIER I - 21.9729 as on 19-01-2017 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME C - TIER I - 21.0873 as on 19-01-2017 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME G - TIER I - 19.9387 as on 19-01-2017 || UTI RETIREMENT SOLUTIONS SCHEME E - TIER II - 17.7763 as on 19-01-2017 || UTI RETIREMENT SOLUTIONS SCHEME C - TIER II - 20.1298 as on 19-01-2017 || UTI RETIREMENT SOLUTIONS SCHEME G - TIER II - 20.3938 as on 19-01-2017 || NPS TRUST A/C-UTI RETIREMENT SOLUTIONS LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 19.6497 as on 19-01-2017 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME - CORPORATE-CG - 10 as on 19-01-2017 || NPS TRUST - A/C UTI RETIREMENT SOLUTIONS LTD. SCHEME - ATAL PENSION YOJANA (APY) - 12.1733 as on 19-01-2017 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME A - TIER I - 10.152 as on 19-01-2017 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME A - TIER II - 10.1538 as on 19-01-2017 || LIC PENSION FUND SCHEME - CENTRAL GOVT - 23.8945 as on 19-01-2017 || LIC PENSION FUND SCHEME - STATE GOVT - 21.3755 as on 19-01-2017 || NPS TRUST A/C-LIC PENSION FUND LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 19.6521 as on 19-01-2017 || LIC PENSION FUND LIMITED SCHEME - CORPORATE-CG - 15.8113 as on 19-01-2017 || LIC PENSION FUND SCHEME E - TIER I - 14.9307 as on 19-01-2017 || LIC PENSION FUND SCHEME C - TIER I - 15.1312 as on 19-01-2017 || LIC PENSION FUND SCHEME G - TIER I - 15.6232 as on 19-01-2017 || LIC PENSION FUND SCHEME E - TIER II - 12.6109 as on 19-01-2017 || LIC PENSION FUND SCHEME C - TIER II - 14.2326 as on 19-01-2017 || LIC PENSION FUND SCHEME G - TIER II - 15.676 as on 19-01-2017 || NPS TRUST - A/C LIC PENSION FUND SCHEME - ATAL PENSION YOJANA (APY) - 12.1628 as on 19-01-2017 || LIC PENSION FUND SCHEME A - TIER I - 10.1234 as on 19-01-2017 || LIC PENSION FUND SCHEME A - TIER II - 10.013 as on 19-01-2017 || KOTAK PENSION FUND SCHEME E - TIER I - 20.4942 as on 19-01-2017 || KOTAK PENSION FUND SCHEME C - TIER I - 23.1549 as on 19-01-2017 || KOTAK PENSION FUND SCHEME G - TIER I - 20.2903 as on 19-01-2017 || KOTAK PENSION FUND SCHEME E - TIER II - 18.1309 as on 19-01-2017 || KOTAK PENSION FUND SCHEME C - TIER II - 19.9362 as on 19-01-2017 || KOTAK PENSION FUND SCHEME G - TIER II - 19.001 as on 19-01-2017 || NPS TRUST A/C-KOTAK MAHINDRA PENSION FUND LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 17.2738 as on 19-01-2017 || KOTAK PENSION FUND SCHEME A - TIER I - 10.0899 as on 19-01-2017 || KOTAK PENSION FUND SCHEME A - TIER II - 10.0946 as on 19-01-2017 || RELIANCE PENSION FUND SCHEME E - TIER I - 20.8078 as on 19-01-2017 || RELIANCE PENSION FUND SCHEME C - TIER I - 20.8645 as on 19-01-2017 || RELIANCE PENSION FUND SCHEME G - TIER I - 19.776 as on 19-01-2017 || RELIANCE PENSION FUND SCHEME E - TIER II - 17.7495 as on 19-01-2017 || RELIANCE PENSION FUND SCHEME C - TIER II - 19.3261 as on 19-01-2017 || RELIANCE PENSION FUND SCHEME G - TIER II - 19.2062 as on 19-01-2017 || NPS TRUST A/C-RELIANCE CAPITAL PENSION FUND LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 10 as on 19-01-2017 || RELIANCE PENSION FUND SCHEME A - TIER I - 10.0673 as on 19-01-2017 || RELIANCE PENSION FUND SCHEME A - TIER II - 10.0113 as on 19-01-2017 || ICICI PRUDENTIAL PENSION FUND SCHEME E - TIER I - 22.2164 as on 19-01-2017 || ICICI PRUDENTIAL PENSION FUND SCHEME C - TIER I - 23.2018 as on 19-01-2017 || ICICI PRUDENTIAL PENSION FUND SCHEME G - TIER I - 20.3783 as on 19-01-2017 || ICICI PRUDENTIAL PENSION FUND SCHEME E - TIER II - 17.5022 as on 19-01-2017 || ICICI PRUDENTIAL PENSION FUND SCHEME C - TIER II - 21.622 as on 19-01-2017 || ICICI PRUDENTIAL PENSION FUND SCHEME G - TIER II - 19.5422 as on 19-01-2017 || NPS TRUST A/C-ICICI PRUDENTIAL PENSION FUNDS MANAGEMENT COMPANY LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 10 as on 19-01-2017 || ICICI PRUDENTIAL PENSION FUND SCHEME A - TIER I - 10.1063 as on 19-01-2017 || ICICI PRUDENTIAL PENSION FUND SCHEME A - TIER II - 10.1035 as on 19-01-2017 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME E - TIER I - 16.2339 as on 19-01-2017 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME C - TIER I - 15.065 as on 19-01-2017 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME G - TIER I - 15.0896 as on 19-01-2017 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME E - TIER II - 14.0274 as on 19-01-2017 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME C - TIER II - 14.2125 as on 19-01-2017 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME G - TIER II - 15.4335 as on 19-01-2017 || NPS TRUST A/C-HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME - NPS LITE SCHEME - GOVT. PATTERN - 10 as on 19-01-2017 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME A - TIER I - 10.1558 as on 19-01-2017 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME A - TIER II - 10.0778 as on 19-01-2017

Login

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