Any citizen of india of age 18- 60 yrs can open NPS lite account. NPS lite pension plan is beneficial for lower middle / poor class to save money. NRI & PPF subscriber can also invest in NPS. Income tax benefit u/s 80ccd. Invest 1000 and get govt. Contribution 1000* p.a Account can be opened with nominal subscription of Rs.100. Swavalamban benefit will be avail to subscriber who invest Rs.1000 min & max 12000 p.a Investment exceed 12000 p.a will not get yearly govt. benefit. Upto 60% withdrawal is allowed at retirement age, remaining corpus will be given annuity. Fund is being managed by Pension Fund Manager (PFM). Pran no. Will be allocated by NSDL, along with pran card. Expected rate of return 8.25% or above (depends upon fund performance). Fund allocation -15% equity, upto 45% corporate bonds & upto 55% govt. Bonds. PF holder if applies for NPS lite plan, will not be eligible for Swavalamban benefit. PF holder should fill up non-Swavalamban application form. NPS lite product is launched through PFRDA. Payment can be done at any where in India, even subscriber change city or location or job 1 photo, 1 xerox copies self attested ID proof & address proof required. Subscriber will get individual pran card. (permanent retirement account number) PFRDA, is a regulatory body for NPS lite SHCIL, is a custodian for NPS lite plan Account opening charge is just rs. 105/- Application form should be filled with black pen For any query mail [email protected] Form submission can be done at NEXT PHASE Branches. If application is rejected, will get back your money. PRAN card available in Hindi also. Max limit limit for total investment* shall be Rs.50000/- per year as currently prescribed by RBI for Small Deposit Accounts
Posted on: Mon, 05 Jan 2015 19:54:33 +0000
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