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एनपीएस · Pension

National Pension System

Market-linked retirement scheme regulated by PFRDA.

Managed by: PFRDA, Ministry of Finance

Official Website Check Eligibility

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Ask anything about National Pension System — eligibility, documents, fees, timelines, official process.

Eligibility

  • Indian citizen aged 18-70 (NPS Vatsalya for minors, 2024)
  • NRIs allowed

Required Documents

  • Aadhaar & PAN
  • Bank account
  • Cancelled cheque
  • Passport-size photo

Step-by-step Application Guide

  1. 1

    Open eNPS account

    Visit enps.nsdl.com or Karvy — Aadhaar/PAN based registration.

  2. 2

    Get PRAN

    Permanent Retirement Account Number generated instantly.

  3. 3

    Choose scheme & fund manager

    Auto or Active choice; select from 10 pension fund managers.

  4. 4

    Contribute

    Minimum ₹500 per contribution and ₹1,000/year (Tier I).

  5. 5

    Withdraw at 60

    60% lump sum tax-free, 40% mandatory annuity for monthly pension.

Important Notes

  • Extra ₹50,000 deduction under Sec 80CCD(1B) over and above 80C.
  • Partial withdrawal allowed for specific purposes after 3 years.

Frequently Asked Questions

Tier I vs Tier II?

Tier I is the retirement account (withdrawal restricted); Tier II is a flexible savings account with no tax benefit.

Is NPS safe?

Regulated by PFRDA with strict investment limits; returns are market-linked, historically 9-12% p.a.