National Pension System – NSDL Booklet PDF download free from the direct link given below in the page.
National Pension System – NSDL Booklet
National Pension System (NPS) NSDL Booklet or guide will give you complete information about how national pension system work, open an account or apply online, how to choose an investment option, deposit of money, what are the tax benefits and many others.
The National Pension System (NPS) is a voluntary, long-term retirement savings scheme designed to enable systematic savings for individuals. NSDL (National Securities Depository Limited) is one of the central record-keeping agencies for the NPS.
Key features of NPS through NSDL include:
- Open to All: The NPS is open to all Indian citizens between 18 and 60 years of age. It is also available to NRIs (Non-Resident Indians) on a voluntary basis.
- Tiered Structure: NPS has two tiers – Tier-I and Tier-II. Tier-I is a mandatory long-term retirement savings account, while Tier-II is a voluntary, flexible savings account.
- Contributions: Individuals can contribute regularly to their NPS accounts during their working years. The contributions are invested in various financial instruments, providing the potential for returns.
- Choice of Investment: NPS offers a choice of investment options, including equity, corporate bonds, government securities, and alternative assets. Subscribers can choose their asset allocation based on their risk appetite and financial goals.
- Tax Benefits: Contributions made to NPS are eligible for tax benefits under Section 80CCD of the Income Tax Act. Additionally, there’s a tax-free withdrawal limit upon maturity.
- Exit and Annuity: On reaching the age of 60, subscribers can exit from the NPS. A certain percentage of the corpus must be used to purchase an annuity, which provides a regular pension.
- Online Access: NSDL provides an online platform for NPS subscribers to access their accounts, check balances, make contributions, and manage their investments.