For inauguration of

being POP for NPS

We are presently into

Home Loans

Life Insurance

General Insurance

Mutual Funds

Fixed Deposits

Credit Cards

Now we are entering into

7th Vertical

NPS ARCHITECTURE- CORPORATE SECTOR MODEL

PFMs

Corporate

POP

Issuance of a Unique and Portable Permanent

Retirement Account Number (PRAN)

Tier I (pension) & Tier II (investment)

Account can be opened with a minimum

amount of Rs.500

Minimum of Rs.6000 to be invested in a year

Multiple contributions with no upper limit

Choice of multiple pension funds

Selection of scheme at corporate level as well as

subscriber level

Flexibility in Employer and Employee Contribution

Voluntary contribution through associated POP

10% of the salary (basic and dearness allowance) of

employers Contribution can be deducted as

„Business Expense‟ from their Profit & Loss Account

Employer contribution eligible for tax benefit

“All Citizens of India” schemes

Choice of Eight Pension Funds

Choice of three Asset Class

Asset Class E: Investment in Equity Market Instruments Objective –to maximise returns while investing in chosen index

Asset Class C: Investment in Fixed Income Instruments Objective –to provide optimum mix of risk and rewards.

Asset Class G: Investment in Government Securities Objective –to optimise risk free returns.

1. ICICI Prudential Pension Funds Management Company Limited

2. Kotak Mahindra Pension Fund Limited 3. LIC Pension Fund Limited 4. Reliance Capital Pension Fund Limited 5. SBI Pension Funds Private Limited 6. UTI Retirement Solutions Limited 7. HDFC Pension Management Company

Limited 8. DSP Blackrock Pension Fund Managers

Private Limited

NPS offers two approaches to invest subscriber money

Active choice - Individual

Funds

(Asset class E, C, and G )

Auto choice –

Lifecycle Fund

Gives the subscriber right

to decide as to how his /

her contribution is to be

invested

Gives the subscriber

option to invest his / her

contribution in pre-defined

proportion as per his / her

age.

Open to Government as well as non–government

subscribers

Separate option with different scheme choice

under same PRAN

Account can be opened with a minimum amount

of Rs.1000 and subsequent contributions with a

minimum amount of Rs.250

Minimum balance of Rs.2000 as of 31st March

No restrictions on withdrawal

No additional account opening charge or account

maintenance charge for Tier II account

It is simple

It is flexible

It is portable

It is regulated

The cost structure is TRANSPARENT

Subscriber Individual / Subscriber

Point Of Presence (POP)

Central Recordkeeping

Agency

(CRA)

Submission of Form

Verification of details and generation of receipt

number

Trustee Bank

Pension Fund Manager (PFM)

Fund

Dispatch of Permanent

Retirement Account Number

(PRAN) Kit

Intimation of PRAN