SBI PENSION FUND SCHEME - CENTRAL GOVT - 24.9514 as on 25-05-2017 || SBI PENSION FUND SCHEME - STATE GOVT - 21.4783 as on 25-05-2017 || SBI PENSION FUND SCHEME E - TIER I - 21.2287 as on 25-05-2017 || SBI PENSION FUND SCHEME C - TIER I - 23.5369 as on 25-05-2017 || SBI PENSION FUND SCHEME G - TIER I - 21.8575 as on 25-05-2017 || SBI PENSION FUND SCHEME E - TIER II - 19.5539 as on 25-05-2017 || SBI PENSION FUND SCHEME C - TIER II - 21.54 as on 25-05-2017 || SBI PENSION FUND SCHEME G - TIER II - 20.9114 as on 25-05-2017 || NPS TRUST A/C-SBI PENSION FUNDS PRIVATE LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 20.2387 as on 25-05-2017 || SBI PENSION FUNDS PVT. LTD. SCHEME - CORPORATE-CG - 15.9247 as on 25-05-2017 || NPS TRUST - A/C SBI PENSION FUND SCHEME - ATAL PENSION YOJANA (APY) - 12.0606 as on 25-05-2017 || SBI PENSION FUND SCHEME A - TIER I - 10.397 as on 25-05-2017 || SBI PENSION FUND SCHEME A - TIER II - 10.3754 as on 25-05-2017 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME- CENTRAL GOVT - 24.1681 as on 25-05-2017 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME- STATE GOVT - 21.5575 as on 25-05-2017 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME E - TIER I - 24.552 as on 25-05-2017 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME C - TIER I - 21.3467 as on 25-05-2017 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME G - TIER I - 19.8895 as on 25-05-2017 || UTI RETIREMENT SOLUTIONS SCHEME E - TIER II - 19.9042 as on 25-05-2017 || UTI RETIREMENT SOLUTIONS SCHEME C - TIER II - 20.3692 as on 25-05-2017 || UTI RETIREMENT SOLUTIONS SCHEME G - TIER II - 20.3334 as on 25-05-2017 || NPS TRUST A/C-UTI RETIREMENT SOLUTIONS LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 20.0434 as on 25-05-2017 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME - CORPORATE-CG - 10 as on 25-05-2017 || NPS TRUST - A/C UTI RETIREMENT SOLUTIONS LTD. SCHEME - ATAL PENSION YOJANA (APY) - 12.385 as on 25-05-2017 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME A - TIER I - 10.3854 as on 25-05-2017 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME A - TIER II - 10.3932 as on 25-05-2017 || LIC PENSION FUND SCHEME - CENTRAL GOVT - 24.2943 as on 25-05-2017 || LIC PENSION FUND SCHEME - STATE GOVT - 21.7273 as on 25-05-2017 || NPS TRUST A/C-LIC PENSION FUND LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 19.9841 as on 25-05-2017 || LIC PENSION FUND LIMITED SCHEME - CORPORATE-CG - 16.0407 as on 25-05-2017 || LIC PENSION FUND SCHEME E - TIER I - 16.3273 as on 25-05-2017 || LIC PENSION FUND SCHEME C - TIER I - 15.3079 as on 25-05-2017 || LIC PENSION FUND SCHEME G - TIER I - 15.8292 as on 25-05-2017 || LIC PENSION FUND SCHEME E - TIER II - 13.717 as on 25-05-2017 || LIC PENSION FUND SCHEME C - TIER II - 14.3847 as on 25-05-2017 || LIC PENSION FUND SCHEME G - TIER II - 15.8313 as on 25-05-2017 || NPS TRUST - A/C LIC PENSION FUND SCHEME - ATAL PENSION YOJANA (APY) - 12.3586 as on 25-05-2017 || LIC PENSION FUND SCHEME A - TIER I - 10.351 as on 25-05-2017 || LIC PENSION FUND SCHEME A - TIER II - 10.2066 as on 25-05-2017 || KOTAK PENSION FUND SCHEME E - TIER I - 22.6305 as on 25-05-2017 || KOTAK PENSION FUND SCHEME C - TIER I - 23.4226 as on 25-05-2017 || KOTAK PENSION FUND SCHEME G - TIER I - 20.1787 as on 25-05-2017 || KOTAK PENSION FUND SCHEME E - TIER II - 20.0426 as on 25-05-2017 || KOTAK PENSION FUND SCHEME C - TIER II - 20.166 as on 25-05-2017 || KOTAK PENSION FUND SCHEME G - TIER II - 18.948 as on 25-05-2017 || NPS TRUST A/C-KOTAK MAHINDRA PENSION FUND LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 17.5857 as on 25-05-2017 || KOTAK PENSION FUND SCHEME A - TIER I - 10.3181 as on 25-05-2017 || KOTAK PENSION FUND SCHEME A - TIER II - 10.3106 as on 25-05-2017 || RELIANCE PENSION FUND SCHEME E - TIER I - 23.1765 as on 25-05-2017 || RELIANCE PENSION FUND SCHEME C - TIER I - 21.0698 as on 25-05-2017 || RELIANCE PENSION FUND SCHEME G - TIER I - 19.6849 as on 25-05-2017 || RELIANCE PENSION FUND SCHEME E - TIER II - 19.7795 as on 25-05-2017 || RELIANCE PENSION FUND SCHEME C - TIER II - 19.5918 as on 25-05-2017 || RELIANCE PENSION FUND SCHEME G - TIER II - 19.1074 as on 25-05-2017 || NPS TRUST A/C-RELIANCE CAPITAL PENSION FUND LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 10 as on 25-05-2017 || RELIANCE PENSION FUND SCHEME A - TIER I - 10.2966 as on 25-05-2017 || RELIANCE PENSION FUND SCHEME A - TIER II - 10.2172 as on 25-05-2017 || ICICI PRUDENTIAL PENSION FUND SCHEME E - TIER I - 24.7724 as on 25-05-2017 || ICICI PRUDENTIAL PENSION FUND SCHEME C - TIER I - 23.4736 as on 25-05-2017 || ICICI PRUDENTIAL PENSION FUND SCHEME G - TIER I - 20.2652 as on 25-05-2017 || ICICI PRUDENTIAL PENSION FUND SCHEME E - TIER II - 19.5107 as on 25-05-2017 || ICICI PRUDENTIAL PENSION FUND SCHEME C - TIER II - 21.8782 as on 25-05-2017 || ICICI PRUDENTIAL PENSION FUND SCHEME G - TIER II - 19.4154 as on 25-05-2017 || NPS TRUST A/C-ICICI PRUDENTIAL PENSION FUNDS MANAGEMENT COMPANY LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 10 as on 25-05-2017 || ICICI PRUDENTIAL PENSION FUND SCHEME A - TIER I - 10.3366 as on 25-05-2017 || ICICI PRUDENTIAL PENSION FUND SCHEME A - TIER II - 10.3353 as on 25-05-2017 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME E - TIER I - 18.2211 as on 25-05-2017 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME C - TIER I - 15.2574 as on 25-05-2017 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME G - TIER I - 15.0487 as on 25-05-2017 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME E - TIER II - 15.7457 as on 25-05-2017 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME C - TIER II - 14.3755 as on 25-05-2017 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME G - TIER II - 15.3646 as on 25-05-2017 || NPS TRUST A/C-HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME - NPS LITE SCHEME - GOVT. PATTERN - 10 as on 25-05-2017 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME A - TIER I - 10.3886 as on 25-05-2017 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME A - TIER II - 10.3046 as on 25-05-2017 || BIRLA SUN LIFE PENSION SCHEME E - TIER I - 9.8939 as on 25-05-2017 || BIRLA SUN LIFE PENSION SCHEME C - TIER I - 10.0346 as on 25-05-2017 || BIRLA SUN LIFE PENSION SCHEME G - TIER I - 10.1526 as on 25-05-2017 || BIRLA SUN LIFE PENSION SCHEME A - TIER I - 10.0167 as on 25-05-2017 || BIRLA SUN LIFE PENSION SCHEME E - TIER II - 9.8879 as on 25-05-2017 || BIRLA SUN LIFE PENSION SCHEME C - TIER II - 10.0248 as on 25-05-2017 || BIRLA SUN LIFE PENSION SCHEME G - TIER II - 10.0247 as on 25-05-2017 || BIRLA SUN LIFE PENSION SCHEME A - TIER II - 10.0033 as on 25-05-2017

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