SBI PENSION FUND SCHEME - CENTRAL GOVT - 25.8804 as on 22-09-2017 || SBI PENSION FUND SCHEME - STATE GOVT - 22.265 as on 22-09-2017 || SBI PENSION FUND SCHEME E - TIER I - 22.2168 as on 22-09-2017 || SBI PENSION FUND SCHEME C - TIER I - 24.3735 as on 22-09-2017 || SBI PENSION FUND SCHEME G - TIER I - 22.6624 as on 22-09-2017 || SBI PENSION FUND SCHEME E - TIER II - 20.4672 as on 22-09-2017 || SBI PENSION FUND SCHEME C - TIER II - 22.3242 as on 22-09-2017 || SBI PENSION FUND SCHEME G - TIER II - 21.6365 as on 22-09-2017 || NPS TRUST A/C-SBI PENSION FUNDS PRIVATE LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 21.0167 as on 22-09-2017 || SBI PENSION FUNDS PVT. LTD. SCHEME - CORPORATE-CG - 16.5119 as on 22-09-2017 || NPS TRUST - A/C SBI PENSION FUND SCHEME - ATAL PENSION YOJANA (APY) - 12.4827 as on 22-09-2017 || SBI PENSION FUND SCHEME A - TIER I - 10.6221 as on 22-09-2017 || SBI PENSION FUND SCHEME A - TIER II - 20 as on 22-09-2017 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME- CENTRAL GOVT - 25.1158 as on 22-09-2017 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME- STATE GOVT - 22.379 as on 22-09-2017 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME E - TIER I - 25.9513 as on 22-09-2017 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME C - TIER I - 22.074 as on 22-09-2017 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME G - TIER I - 20.5009 as on 22-09-2017 || UTI RETIREMENT SOLUTIONS SCHEME E - TIER II - 20.9362 as on 22-09-2017 || UTI RETIREMENT SOLUTIONS SCHEME C - TIER II - 21.0768 as on 22-09-2017 || UTI RETIREMENT SOLUTIONS SCHEME G - TIER II - 21.0367 as on 22-09-2017 || NPS TRUST A/C-UTI RETIREMENT SOLUTIONS LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 20.8459 as on 22-09-2017 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME - CORPORATE-CG - 10 as on 22-09-2017 || NPS TRUST - A/C UTI RETIREMENT SOLUTIONS LTD. SCHEME - ATAL PENSION YOJANA (APY) - 12.8433 as on 22-09-2017 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME A - TIER I - 10.6086 as on 22-09-2017 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME A - TIER II - 10 as on 22-09-2017 || LIC PENSION FUND SCHEME - CENTRAL GOVT - 25.2156 as on 22-09-2017 || LIC PENSION FUND SCHEME - STATE GOVT - 22.5553 as on 22-09-2017 || NPS TRUST A/C-LIC PENSION FUND LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 20.7287 as on 22-09-2017 || LIC PENSION FUND LIMITED SCHEME - CORPORATE-CG - 16.6218 as on 22-09-2017 || LIC PENSION FUND SCHEME E - TIER I - 17.306 as on 22-09-2017 || LIC PENSION FUND SCHEME C - TIER I - 15.8174 as on 22-09-2017 || LIC PENSION FUND SCHEME G - TIER I - 16.3722 as on 22-09-2017 || LIC PENSION FUND SCHEME E - TIER II - 14.5248 as on 22-09-2017 || LIC PENSION FUND SCHEME C - TIER II - 14.8665 as on 22-09-2017 || LIC PENSION FUND SCHEME G - TIER II - 16.3091 as on 22-09-2017 || NPS TRUST - A/C LIC PENSION FUND SCHEME - ATAL PENSION YOJANA (APY) - 12.7952 as on 22-09-2017 || LIC PENSION FUND SCHEME A - TIER I - 10.5703 as on 22-09-2017 || LIC PENSION FUND SCHEME A - TIER II - 10 as on 22-09-2017 || KOTAK PENSION FUND SCHEME E - TIER I - 24.9623 as on 22-09-2017 || KOTAK PENSION FUND SCHEME C - TIER I - 24.2441 as on 22-09-2017 || KOTAK PENSION FUND SCHEME G - TIER I - 20.926 as on 22-09-2017 || KOTAK PENSION FUND SCHEME E - TIER II - 22.0904 as on 22-09-2017 || KOTAK PENSION FUND SCHEME C - TIER II - 20.8793 as on 22-09-2017 || KOTAK PENSION FUND SCHEME G - TIER II - 19.6509 as on 22-09-2017 || NPS TRUST A/C-KOTAK MAHINDRA PENSION FUND LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 18.357 as on 22-09-2017 || KOTAK PENSION FUND SCHEME A - TIER I - 10.5381 as on 22-09-2017 || KOTAK PENSION FUND SCHEME A - TIER II - 10 as on 22-09-2017 || RELIANCE PENSION FUND SCHEME E - TIER I - 24.4311 as on 22-09-2017 || RELIANCE PENSION FUND SCHEME C - TIER I - 21.8689 as on 22-09-2017 || RELIANCE PENSION FUND SCHEME G - TIER I - 20.4679 as on 22-09-2017 || RELIANCE PENSION FUND SCHEME E - TIER II - 20.8948 as on 22-09-2017 || RELIANCE PENSION FUND SCHEME C - TIER II - 20.3678 as on 22-09-2017 || RELIANCE PENSION FUND SCHEME G - TIER II - 19.8828 as on 22-09-2017 || NPS TRUST A/C-RELIANCE CAPITAL PENSION FUND LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 10 as on 22-09-2017 || RELIANCE PENSION FUND SCHEME A - TIER I - 10.5176 as on 22-09-2017 || RELIANCE PENSION FUND SCHEME A - TIER II - 10 as on 22-09-2017 || ICICI PRUDENTIAL PENSION FUND SCHEME E - TIER I - 25.8587 as on 22-09-2017 || ICICI PRUDENTIAL PENSION FUND SCHEME C - TIER I - 24.2639 as on 22-09-2017 || ICICI PRUDENTIAL PENSION FUND SCHEME G - TIER I - 21.034 as on 22-09-2017 || ICICI PRUDENTIAL PENSION FUND SCHEME E - TIER II - 20.3703 as on 22-09-2017 || ICICI PRUDENTIAL PENSION FUND SCHEME C - TIER II - 22.6254 as on 22-09-2017 || ICICI PRUDENTIAL PENSION FUND SCHEME G - TIER II - 20.1579 as on 22-09-2017 || NPS TRUST A/C-ICICI PRUDENTIAL PENSION FUNDS MANAGEMENT COMPANY LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 10 as on 22-09-2017 || ICICI PRUDENTIAL PENSION FUND SCHEME A - TIER I - 10.733 as on 22-09-2017 || ICICI PRUDENTIAL PENSION FUND SCHEME A - TIER II - 10 as on 22-09-2017 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME E - TIER I - 19.3046 as on 22-09-2017 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME C - TIER I - 15.7969 as on 22-09-2017 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME G - TIER I - 15.5589 as on 22-09-2017 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME E - TIER II - 16.7091 as on 22-09-2017 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME C - TIER II - 14.8936 as on 22-09-2017 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME G - TIER II - 15.8861 as on 22-09-2017 || NPS TRUST A/C-HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME - NPS LITE SCHEME - GOVT. PATTERN - 10 as on 22-09-2017 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME A - TIER I - 10.5951 as on 22-09-2017 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME A - TIER II - 10 as on 22-09-2017 || BIRLA SUN LIFE PENSION SCHEME E - TIER I - 10.6334 as on 22-09-2017 || BIRLA SUN LIFE PENSION SCHEME C - TIER I - 10.7592 as on 22-09-2017 || BIRLA SUN LIFE PENSION SCHEME G - TIER I - 10.4836 as on 22-09-2017 || BIRLA SUN LIFE PENSION SCHEME A - TIER I - 10.2268 as on 22-09-2017 || BIRLA SUN LIFE PENSION SCHEME E - TIER II - 10.6166 as on 22-09-2017 || BIRLA SUN LIFE PENSION SCHEME C - TIER II - 10.5096 as on 22-09-2017 || BIRLA SUN LIFE PENSION SCHEME G - TIER II - 10.1656 as on 22-09-2017 || BIRLA SUN LIFE PENSION SCHEME A - TIER II - 10 as on 22-09-2017

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