The Government of India decided to roll out the Voluntary National Pension System (NPS) for all citizens from 01 May 2009. PFRDA is identified as Nodal Authority to manage NPS operations. PFRDA appointed Department of Posts as one of the Point Of Presence (POP). Department of Posts is providing services through POP Service Providers (POP SPs). All Head Post Offices in India are identified as POP SPs.
Service Offered :
Opening of new NPS (All Citizens Model) Account.
All types of Service Requests.
Exit / Claim withdrawal requests.
Types of Accounts :
Tier I and Tier II.
Tier I is Pension Account and mandatory.
Tier II is Savings Account and optional. Government Servants appointed on or after 01.01.2004 can open only Tier II Account since Tier I is maintained by their DDOs.
All Citizens who does not comes under any NPS Sector and Age between 18 & before 65 years of age.
For more scheme details,
For details of POP SPs,
Income Tax benefits
There is an additional tax benefit upto Rs.50,000/- for investment in NPS (All Citizen Model).
Subscribers registered on or after 01.07.2014 are mandatorily required to submit FATCA Self–certification. For more details, Click Here