SBI PENSION FUND SCHEME - CENTRAL GOVT - 25.9241 as on 26-04-2018 || SBI PENSION FUND SCHEME - STATE GOVT - 22.2587 as on 26-04-2018 || SBI PENSION FUND SCHEME E - TIER I - 23.7655 as on 26-04-2018 || SBI PENSION FUND SCHEME C - TIER I - 24.4471 as on 26-04-2018 || SBI PENSION FUND SCHEME G - TIER I - 22.3049 as on 26-04-2018 || SBI PENSION FUND SCHEME E - TIER II - 21.9191 as on 26-04-2018 || SBI PENSION FUND SCHEME C - TIER II - 22.3751 as on 26-04-2018 || SBI PENSION FUND SCHEME G - TIER II - 21.3004 as on 26-04-2018 || NPS TRUST A/C-SBI PENSION FUNDS PRIVATE LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 21.0516 as on 26-04-2018 || SBI PENSION FUNDS PVT. LTD. SCHEME - CORPORATE-CG - 16.5164 as on 26-04-2018 || NPS TRUST - A/C SBI PENSION FUND SCHEME - ATAL PENSION YOJANA (APY) - 12.486 as on 26-04-2018 || SBI PENSION FUND SCHEME A - TIER I - 11.1611 as on 26-04-2018 || SBI PENSION FUND SCHEME A - TIER II - 20 as on 26-04-2018 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME- CENTRAL GOVT - 25.1849 as on 26-04-2018 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME- STATE GOVT - 22.4191 as on 26-04-2018 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME E - TIER I - 27.8832 as on 26-04-2018 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME C - TIER I - 22.1073 as on 26-04-2018 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME G - TIER I - 20.0741 as on 26-04-2018 || UTI RETIREMENT SOLUTIONS SCHEME E - TIER II - 22.6303 as on 26-04-2018 || UTI RETIREMENT SOLUTIONS SCHEME C - TIER II - 21.1405 as on 26-04-2018 || UTI RETIREMENT SOLUTIONS SCHEME G - TIER II - 20.6306 as on 26-04-2018 || NPS TRUST A/C-UTI RETIREMENT SOLUTIONS LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 20.8939 as on 26-04-2018 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME - CORPORATE-CG - 10 as on 26-04-2018 || NPS TRUST - A/C UTI RETIREMENT SOLUTIONS LTD. SCHEME - ATAL PENSION YOJANA (APY) - 12.8327 as on 26-04-2018 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME A - TIER I - 11.0398 as on 26-04-2018 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME A - TIER II - 10 as on 26-04-2018 || LIC PENSION FUND SCHEME - CENTRAL GOVT - 25.2359 as on 26-04-2018 || LIC PENSION FUND SCHEME - STATE GOVT - 22.5425 as on 26-04-2018 || NPS TRUST A/C-LIC PENSION FUND LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 20.7982 as on 26-04-2018 || LIC PENSION FUND LIMITED SCHEME - CORPORATE-CG - 16.5537 as on 26-04-2018 || LIC PENSION FUND SCHEME E - TIER I - 18.2931 as on 26-04-2018 || LIC PENSION FUND SCHEME C - TIER I - 15.7711 as on 26-04-2018 || LIC PENSION FUND SCHEME G - TIER I - 16.167 as on 26-04-2018 || LIC PENSION FUND SCHEME E - TIER II - 15.2841 as on 26-04-2018 || LIC PENSION FUND SCHEME C - TIER II - 14.7808 as on 26-04-2018 || LIC PENSION FUND SCHEME G - TIER II - 16.1727 as on 26-04-2018 || NPS TRUST - A/C LIC PENSION FUND SCHEME - ATAL PENSION YOJANA (APY) - 12.7578 as on 26-04-2018 || LIC PENSION FUND SCHEME A - TIER I - 10.9923 as on 26-04-2018 || LIC PENSION FUND SCHEME A - TIER II - 10 as on 26-04-2018 || KOTAK PENSION FUND SCHEME E - TIER I - 25.8027 as on 26-04-2018 || KOTAK PENSION FUND SCHEME C - TIER I - 24.3337 as on 26-04-2018 || KOTAK PENSION FUND SCHEME G - TIER I - 20.4682 as on 26-04-2018 || KOTAK PENSION FUND SCHEME E - TIER II - 22.8173 as on 26-04-2018 || KOTAK PENSION FUND SCHEME C - TIER II - 20.8803 as on 26-04-2018 || KOTAK PENSION FUND SCHEME G - TIER II - 19.2572 as on 26-04-2018 || NPS TRUST A/C-KOTAK MAHINDRA PENSION FUND LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 18.3857 as on 26-04-2018 || KOTAK PENSION FUND SCHEME A - TIER I - 11.0027 as on 26-04-2018 || KOTAK PENSION FUND SCHEME A - TIER II - 10 as on 26-04-2018 || RELIANCE PENSION FUND SCHEME E - TIER I - 25.5774 as on 26-04-2018 || RELIANCE PENSION FUND SCHEME C - TIER I - 21.982 as on 26-04-2018 || RELIANCE PENSION FUND SCHEME G - TIER I - 20.106 as on 26-04-2018 || RELIANCE PENSION FUND SCHEME E - TIER II - 21.9287 as on 26-04-2018 || RELIANCE PENSION FUND SCHEME C - TIER II - 20.4975 as on 26-04-2018 || RELIANCE PENSION FUND SCHEME G - TIER II - 19.5403 as on 26-04-2018 || NPS TRUST A/C-RELIANCE CAPITAL PENSION FUND LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 10 as on 26-04-2018 || RELIANCE PENSION FUND SCHEME A - TIER I - 10.9488 as on 26-04-2018 || RELIANCE PENSION FUND SCHEME A - TIER II - 10 as on 26-04-2018 || ICICI PRUDENTIAL PENSION FUND SCHEME E - TIER I - 27.7882 as on 26-04-2018 || ICICI PRUDENTIAL PENSION FUND SCHEME C - TIER I - 24.4331 as on 26-04-2018 || ICICI PRUDENTIAL PENSION FUND SCHEME G - TIER I - 20.6707 as on 26-04-2018 || ICICI PRUDENTIAL PENSION FUND SCHEME E - TIER II - 21.9118 as on 26-04-2018 || ICICI PRUDENTIAL PENSION FUND SCHEME C - TIER II - 22.7402 as on 26-04-2018 || ICICI PRUDENTIAL PENSION FUND SCHEME G - TIER II - 19.8347 as on 26-04-2018 || NPS TRUST A/C-ICICI PRUDENTIAL PENSION FUNDS MANAGEMENT COMPANY LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 10 as on 26-04-2018 || ICICI PRUDENTIAL PENSION FUND SCHEME A - TIER I - 10.9602 as on 26-04-2018 || ICICI PRUDENTIAL PENSION FUND SCHEME A - TIER II - 10 as on 26-04-2018 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME E - TIER I - 20.6376 as on 26-04-2018 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME C - TIER I - 15.8514 as on 26-04-2018 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME G - TIER I - 15.2668 as on 26-04-2018 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME E - TIER II - 17.8614 as on 26-04-2018 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME C - TIER II - 14.9714 as on 26-04-2018 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME G - TIER II - 15.6327 as on 26-04-2018 || NPS TRUST A/C-HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME - NPS LITE SCHEME - GOVT. PATTERN - 10 as on 26-04-2018 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME A - TIER I - 11.1553 as on 26-04-2018 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME A - TIER II - 10 as on 26-04-2018 || BIRLA SUN LIFE PENSION SCHEME E - TIER I - 11.4994 as on 26-04-2018 || BIRLA SUN LIFE PENSION SCHEME C - TIER I - 10.7887 as on 26-04-2018 || BIRLA SUN LIFE PENSION SCHEME G - TIER I - 10.2687 as on 26-04-2018 || BIRLA SUN LIFE PENSION SCHEME A - TIER I - 10.639 as on 26-04-2018 || BIRLA SUN LIFE PENSION SCHEME E - TIER II - 11.4594 as on 26-04-2018 || BIRLA SUN LIFE PENSION SCHEME C - TIER II - 10.5057 as on 26-04-2018 || BIRLA SUN LIFE PENSION SCHEME G - TIER II - 9.9132 as on 26-04-2018 || BIRLA SUN LIFE PENSION SCHEME A - TIER II - 10 as on 26-04-2018

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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