National Pension System

GPTKB entity

Statements (51)
Predicate Object
gptkbp:instanceOf pension scheme
gptkbp:accountTypes Tier I
Tier II
gptkbp:administeredBy gptkb:Pension_Fund_Regulatory_and_Development_Authority
gptkbp:appliesTo gptkb:government
private sector employees
self-employed individuals
gptkbp:benefit Section 80C
Section 80CCD
gptkbp:country gptkb:India
gptkbp:eligibility gptkb:Non-Resident_Indians
Indian citizens
gptkbp:exitOptions annuity
lump sum
gptkbp:frequency flexible
https://www.w3.org/2000/01/rdf-schema#label National Pension System
gptkbp:investedIn gptkb:Corporate_Bonds
gptkb:Government_Securities
Equity
gptkbp:launched gptkb:Government_of_India
2004
gptkbp:lockInPeriod no lock-in (Tier II)
till age 60 (Tier I)
gptkbp:maximumEntryAge 70
gptkbp:minimumEntryAge 18
gptkbp:minimumInvestment Rs 1000 per year (Tier I)
Rs 250 per contribution (Tier II)
Rs 500 per contribution (Tier I)
gptkbp:optionalFor all Indian citizens (since 2009)
gptkbp:partialWithdrawal allowed
gptkbp:pensionFundManagers gptkb:Aditya_Birla_Sun_Life_Pension_Management
gptkb:HDFC_Pension_Management
gptkb:ICICI_Prudential_Pension_Fund
gptkb:Kotak_Mahindra_Pension_Fund
gptkb:LIC_Pension_Fund
gptkb:Max_Life_Pension_Fund_Management
gptkb:SBI_Pension_Funds
gptkb:Tata_Pension_Management
gptkb:UTI_Retirement_Solutions
gptkbp:portable yes
gptkbp:regulatedByAct gptkb:PFRDA_Act,_2013
gptkbp:regulatedSince 2004
gptkbp:regulates gptkb:PFRDA
gptkbp:requires Central Government employees (except armed forces) joining after 1 January 2004
gptkbp:taxationOnExit partial tax exemption
gptkbp:type defined contribution
gptkbp:uniqueIdentifier gptkb:Permanent_Retirement_Account_Number_(PRAN)
gptkbp:website https://www.npscra.nsdl.co.in/
gptkbp:withdrawalAge 60
gptkbp:bfsParent gptkb:NPS
gptkbp:bfsLayer 5