10 Nov

Apply For National Pension Scheme

The Pension Fund Regulatory and Development Authority (PFRDA) operates the National Pension Scheme. All the Indians are eligible under this scheme. Aadhar card is mandatory to open the account under National Pension Scheme. The KYC documents process for the scheme is done by using the Aadhar through OTP authentication. Applicants can register NPS account through an online and offline process. Interest candidates can apply this scheme by using their Aadhar and PAN card for online registration.

How to apply for the National Pension Scheme through Online:

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By using Aadhar card:

  • Visit NPS Official Website https://enps.nsdl.com/eNPS/NationalPensionSystem.html
  • Click on the “Registration” option
  • An “Online Subscriber Registration” Application form will appear on the screen
  • Enter all the details and click on “Generate OTP” button
  • OTP will be generated to your registered mobile number with Aadhar card
  • after entering OTP all your details along with your photo will be uploaded automatically
  • Moreover you can upload your Signature and photo if in case you don’t want the Aadhar photo
  • After successful uploading, you will divert to payment gateway for initial contribution to your NPS account
  • The minimum amount is Rs 500 which you can pay through debit or credit or internet banking
  • After successful payment, Permanent Retirement Account number will be allotted to you
  • Within few days you will receive the welcome kit from the PFRDA which will have PRAN card, TPIN, IPIN and scheme details
  • Take the print out of online form which you filled and affix your photograph on it. Sign in the given space for signature and sent the form to cental Recordkeeping Agency

How To..

Apply for Pension
Apply for ATAL Pension
Apply for ATAL Eligibility
ATAL Pension
Digital Life for Pensioners
Enroll for Jeevan Pramaan

By using PAN card:

  • Visit NPS Official Website https://enps.nsdl.com/eNPS/NationalPensionSystem.html
  • Click on the “Registration” button
  • An “Online subscriber Registration” form will pop up. Fill the form in choosing appropriate options table, click the Permanent account number checkbox
  • Enter your PAN number and select your bank
  • Click on continue
  • Fill up all the mandatory details online and upload your scanned photograph and signature
  • Next, you will be redirected to the payment gateway for making payment to your NPS account from internet banking
  • Download and take the printout of the Acknowledgment number
  • Your KYC verification will be done by using bank a one-time fee of up to the maximum of Rs 125 + applicable charges will be debited from your bank account by bank as KYC authentication charges

Note: After the Permanent retirement account number is allotted then you need not send any hard copies of documents if you have applied using Aadhar number but in case you will apply through PAN card then you have to send the Hardcopies of documents to the eNPS address within 90 days.

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Address:

  • Central Recordkeeping Agency (eNPS),

NSDL e-Governance Infrastructure Limited,

1st Floor, Times Tower, Kamala Mills Compound,

Senapati Bapat Marg, Lower Parel, Mumbai 400013

The Registration process for NPS account through Offline:

  • Visit the nearest Point of presence (PoP). There are nearly PoPs around the country and the entire big bank’s facilities this service
  • Fill the registration or application form with your personal information like bank account number, name, asset allocation and pension fund you like to choose
  • Submit all KYC documents and subscribe (In case you are opening NPS account with your bank then no need to submit the KYC documents)
  • Then you will get Permanent retirement account number which is unique number
  • Minimum investment to open account with Rs 500
  • You need to pay one-time subscription fee Rs 125 to open NPS account
  • You can call to call centers to access your account with unique ID and password allotted to you
  • You need to pay 0.25% of amount which is applicable to your transactions if minimum amount is Rs 20 and maximum is Rs 25000.
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10 Nov

National Pension Scheme

National Pension Scheme is simply called as NPS. It is the cheapest linked retirement plan among all the other retirement plans in the market like PPF, EPF and mutual funds. This National Pension System was launched in 2004, January. The main aim of the scheme is to institute pension reforms and to inculcate the habit of saving for retirement amongst citizens.

To encourage the people from the unorganized sector to save their retirement amount, the central government has launched the co-contributory pension scheme called as “Swavalamban Scheme”. Swavalamban Scheme is the Union budget of 2010-11 and under this Swavalamban government will contribute the sum of Rs 1000 for NPS an eligible subscriber who contributes the minimum of Rs 1000 and Maximum Rs 12000 per annum.

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Types of National Pension Scheme:

National Pension Scheme contains two types of accounts like Tier I Account and Tier II account

Tier I account:

  • It is the basic pension account with limited withdrawals. Before attaining 60 years of age only 20% contribution can be withdrawn while the remaining 80% has used for buying the annuity from the life insurer.
  • After attaining the age of retirement (60 years) close to 60% contribution can be withdrawn and remain 40% used to purchase annuity form approved life insurers.

Note: Annuity means the payment series made at fixed intervals of time. Annuity plans necessitate the insurer to pay insured income at certain regular intervals until his death or till plan maturity

Tier II account:

This is the voluntary saving option from the person can withdraw money limitless.

Tier II account can be opened along with Tier I account. Note that Tier I account is mandatory for opening Tier II account. Subscribers can open Tier II at any point in time after Tier I account is open

Eligibility criteria for National Pension Scheme:

  • A citizen of India (Including NRI)
  • Complied with KYC norms
  • Age between 18 years to 60 years at the time of Application submission
  • As per NPS rules, PIO and OCI cardholders are not eligible

Models under the National Pension Scheme:

There are various categories of people and several models of NPS as listed below:

  • All citizen model
  • Corporate model
  • Government sector model
  • Atal pension Yojana

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Benefits for National Pension System:

  • Flexible: National Pension Scheme offers options for the range of investment and PFM (Pension Fund Manager) for planning the growth of your investments in a reasonable manner.
  • Portable: NPS provides portability for jobs and locations like all current pensions plans, including EPFO. NPS provides a hassle-free arrangement for individual subscribers
  • Simple: NPS provides the unique permanent retirement account number (PRAN) and it remains with subscribers throughout their lifetime.
  • Regulated: NPS is regulated by Pension Fund Regulatory and Development Authority (PFRDA) with regular monitoring, transparent investment norms and performance review of fund managers by National Pension System trust
By NPS Comments Off on National Pension Scheme Read more...
10 Nov

Apply For Atal Pension Yojana

Finance Minister Mr. Arun Jaitley had mentioned plans of Atal Pension Yojana. 11% of the India population has subscribed under this scheme. The main aim of Atal Pension Yojana is to provide a pension for unorganized sector. The pension amount starts from Rs 1000, Rs 2000, Rs 3000, Rs 4000 up to Rs 5000 every month after their retirement. The maximum period of contribution would be 20 years or above. To encourage the people government has added bonus and they would contribute sum towards pension accounts for the period of 5 Years.

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Interesting points for Atal Pension Yojana:

  • You should maintain minimum balance in your bank account
  • To pay the premium pension scheme, automatically your bank account will debit every month.
  • You can close Atal Pension scheme before the age of 60 in case of death or terminal disease then you will receive full amount
  • If you do not pay your premium on time then Rs 1 will deduct for every Rs 100
  • You can also increase your monthly contribution any time by visiting your bank
  • If an applicant can close their account before 60 years then they can get contribution and interest earned will be returned.

To apply Atal Pension Yojana the below-mentioned requirements are necessary:

  • You must have valid bank account
  • You need to link your Aadhar card to your bank account
  • Your age should be minimum 18 years and maximum 40 years
  • The contribution minimum period is 20 years

How to apply for Atal Pension Yojana:

How To..

Apply for Pension
Apply for ATAL Pension
Apply for ATAL Eligibility
ATAL Pension
Digital Life for Pensioners
Enroll for Jeevan Pramaan

  • All nationalized banks provide Atal Pension Yojana scheme
  • Visit any of these banks or you can go to your own bank
  • Atal Pension Yojana Application forms are available online as well as at banks
  • Through online, you can download the application forms from the official website
  • The applications forms are available in different languages like English, Bangla, Hindi, Kannada, Gujarati, Odia, Marathi, Tamil and Telugu
  • Fill the form correctly and submit it to your bank
  • Along with Application form submit Xerox of Aadhar card
  • You will receive a confirmation message when the application is approved.

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Note: http://www.jansuraksha.gov.in/FORMS-APY.aspxojana is the official website of Atal Pension Yojana. By this link, you can easily download your Atal Pension Yojana Application form.

 

By Atal Pension Yojana Comments Off on Apply For Atal Pension Yojana Read more...
10 Nov

Atal Pension Yojana Eligibility

Atal Pension Yojana is new pension scheme launched by the Indian government. Under this scheme, every Indian can start their contribution to get a pension after retirement. Previously the government had pension plans for the people who work in the unorganized sectors where one can never save the money for retirement. The Atal Pension Yojana has guaranteed return money after 60 years, so this scheme is looking for a poor working class of the country.

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Atal Pension Yojana is not only guaranteed the money return also promises a contribution by the Indian government for every individual account to next 5 years. The main intention of this scheme is to ensure the men while working can save some money for their old age.

Atal Pension Yojana is replacing the Swavalamban scheme. The Indian government plans that transfer the existing Subscribers under Swavalamban scheme to Atal Pension Yojana automatically.

How To..

Apply for Pension
Apply for ATAL Pension
Apply for ATAL Eligibility
ATAL Pension
Digital Life for Pensioners
Enroll for Jeevan Pramaan

Atal Pension Yojana Eligibility:

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  • All Indians are eligible to enroll in the scheme
  • If the subscriber is covered APY by another social security scheme then that person cannot avail the contribution benefit of government
  • The applicant age should be 18 to 40 years because there will be at least 20 years of subscription for APY before regular monthly pension starts for subscriber
  • Aadhar card is used as the main document for your identification. It is the identification document for applicant nominees and spouse
  • An active mobile number of a subscriber is recommended for the operation of the account. Applicants will receive SMS alerts to their number
  • While closing this plan a person must be 60 years old. The person will be entitled to the monthly pension that they have contributed for.
  • Applicant should maintain the valid bank account with a minimum balance on account every month
By Atal Pension Yojana Comments Off on Atal Pension Yojana Eligibility Read more...
10 Nov

Atal Pension Yojana

Atal Pension Yojana was launched by the Indian government in June 2015. This scheme is administrated by the Pension Fund Regulatory and Development Authority under the National Pension System (NPS). Atal Pension Yojana will focus all Indian citizens in unorganized sector who join the NPS. Under this Atal Pension Yojana subscribers would receive a fixed minimum pension of Rs 1000 to Rs 5000 per month at the age of 60 years depending on their contributions.

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Features for Atal Pension Yojana:

  • Any candidate has age group of 18 years to 40 years can subscribe this pension scheme
  • Pension amount is Rs 1000 to Rs 5000 depending on the amount premium paid
  • This scheme provides the pension for unorganized sector workers after retirement
  • Premium ranges per month depending upon the age of entry and chosen pension amount
  • You can’t withdraw out of scheme before retirement
  • Only 7.8 to 8% returns are available
  • This scheme is not available for income taxpayers
  • Employees who are covered EPF scheme can’t subscribe to this scheme
  • People who registered National Pension Scheme will automatically migrate to the Atal Pension Yojana
  • Subscriber reached 60 years and he applies for the regular pension will payable
  • Indian government will contribute to extent of 50% of the premium

Atal Pension Yojana Eligibility:

  • Applicant must have at least 18 years and not more than 40 years
  • The minimum contribution period is 20 years
  • Have a valid bank account

How To..

Apply for Pension
Apply for ATAL Pension
Apply for ATAL Eligibility
ATAL Pension
Digital Life for Pensioners
Enroll for Jeevan Pramaan

Charges for Atal Pension Yojana:

If a subscriber doesn’t make the regular payments then the concerned bank can levy penalty charges as stipulated by the Indian government. The additional charges are levied range from Rs 1 to Rs 10 per month.

  • If contribution amount is up to Rs 100 then interest would be Rs 1 per month
  • If contribution amount is up to Rs 101 to Rs 500 then interest would be Rs 2 per month
  • If contribution amount is up to Rs 501 to Rs 1000 then interest would be Rs 5 per month
  • If contribution amount is up to Rs 1001 then interest would be Rs 10 per month

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In Atal Pension Yojana accounts payment are discontinued for following measures

  • After 6 months then the account would be frozen
  • After 12 months then account should be deactivated
  • After 24 months then account would be permanently closed
By Atal Pension Yojana Comments Off on Atal Pension Yojana Read more...