Pension Account for retirement savings
Mandatory to open in order to join NPS
Withdrawal from this account is conditional
Tax deduction can be claimed on investment
Investment Account for emergency needs
No tax deduction available on Investment
Optional for Customer. It can be opened later as well
Withdrawal from this account is permitted any time
Tier I
Pension Account for retirement savings
Mandatory to open in order to join NPS
Withdrawal from this account is conditional
Tax deduction can be claimed on investment
Tier II
Investment Account for emergency needs
No tax deduction available on Investment
Optional for Customer. It can be opened later as well
Withdrawal from this account is permitted any time
Subscribers choose from Equity and Fixed Income funds to grow savings
Its administered and regulated by Pension Fund Regulatory and Development Authority (PFRDA)
Allows regular contribution to a pension fund during working life
On retirement, a part of the corpus can be withdrawn in lump sum
Balance corpus is invested in an annuity plan to secure regular income
National Pension System is a pension system introduced and driven by Government of India from 2004.
Low cost on investment
Fully portable across jobs and locations
Low cost on investment
Fully portable across jobs and locations
Low cost on investment
Fully portable across jobs and locations
Online accessibility of account details
Flexible Contribution and withdrawal option
Total Payment
₹ 0
Total Amount Invested
Total Corpus Accumulated
Lumpsum Withdrawal
Amount used for Annuity Purchase
Monthly Pension generated annually before taxes
Tax Benefits
| For Salaried Individuals | ||
|---|---|---|
| Category | Section | Investment Limit |
| Additional Contribution | 80 CCD (1B) | 50,000 |
| Own Contribution | 80 CCD (1) | 10% of Salary (upto 1.5 lakh)* |
| Employer Contribution | 80 CCD(2) | 10% of Salary (upto 7.5 lakh)# |
| For Self Employed Individuals | ||
|---|---|---|
| Category | Section | Investment Limit |
| Own Contribution | 80 CCD (1) | 20% of Gross Annual Income (upto 1.5 lakh)* |
| Additional Contribution | 80 CCD (1B) | 50,000 |
| Asset Class | Cap on Investment |
|---|---|
| Equity (E) | 75%* |
| Corporate Bonds (C) | 100% |
| Government Securities (G) | 100% |
| Alternate Investment Funds (A) | 5% |
| Asset Class | Cap on Investment |
|---|---|
| Equity (E) | 75%* |
| Corporate Bonds (C) | 100% |
| Government Securities (G) | 100% |
| Alternate Investment Funds (A) | 5% |
*Equity is capped at max 75%
*A is capped at max 5%
Funds are managed as per pre-defined pattern depending on the age of the subscriber. Also known as Lifecycle fund
Funds are managed as per pre-defined pattern depending on the age of the subscriber. Also known as Lifecycle fund
Below are Three Lifecycle funds under Auto Choice
Subscriber can switch between Investment Pattern and asset classes twice times in a year
The charge structure for PoPs under NPS (All Citizen and Corporate) are as below:
| Intermediary | Service | Charges | Method of Deduction |
|---|---|---|---|
| POP | (i) Initial Subscriber Registration | Upto maximum ₹400/- | To be collected upfront |
| (i) Initial Contribution | Upto 0.50% of the contribution, subject to maximum ₹25000/- | ||
| (ii) All Subsequent Contribution | |||
| (iv) All Non-Financial Transaction | Upto maximum ₹30/- | ||
| (v) Persistency* | ₹50/- p.a. for annual contribution ₹1000/ to ₹2999/- ₹75/- p.a. for annual contribution ₹3000/ to ₹6000/- ₹100/- p.a. for annual contribution above ₹6000/- (Only for NPS All Citizen model) | Through cancellation of units | |
| (vi) e-NPS (for subsequent contribution) | Upto 0.20% of the contribution, subject to maximum ₹10,000/- (Only for NPS All Citizen and Tier - II Accounts) | To be collected upfront | |
| (vii) Trail commission for D-Remit Contributions | Upto 0.20% of the contribution subject to maximum ₹ 10,000/- (Only for NPS All Citizen and Tier - II Accounts) | Through unit deduction on periodical basis | |
| (viii) Processing of Exit/Withdrawal | Upto 0.125% of Corpus subject to maximum ₹500/- | To be collected upfront | |
| *1. Persistency charges is payable to such POPs to which the subscriber is associated for more than six months in a financial year. 2. Minimum contribution per transaction is ₹500/- and minimum annual contribution is ₹1000/- 3. GST or other taxes as applicable, shall be additional. | |||
Central Record Keeping Agency (CRA) Charges
| Charge Head | NSDL | KFintech | Frequency of deduction | Mode of deduction |
|---|---|---|---|---|
| PRAN Generation | ₹40.00 | ₹39.36 | One time | |
| Annual Maintenance | ₹69.00 | ₹57.63 | Each year | |
| Financial Transaction Processing | ₹3.75 | ₹3.36 | On each transaction |
Other Intermediaries Charges
| Intermediary | Charge Head | Charge | Frequency of deduction | Mode of deduction |
|---|---|---|---|---|
| Custodian | Asset Servicing | 0.0032% | Per annum | Recovered through NAV |
| NPS Trust | Trust Management | 0.005% | ||
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
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