NPS
Plan Your Future with
National Pension Scheme
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Open your Personal Retirement Account Number (PRAN) quickly and securely
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Boost your contributions to secure a stress-free future.
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Stay in control of your retirement savings with detailed insights.
Steps to download NPS Statement.- To view your statement of contribution , please message “Hello” on +917045008008
- You will be prompted to enter your PRAN. You can find your PRAN on your registered email in a communication from kcra@kfintech.com
- Please follow the steps ahead , to get your statement of Account on whatsapp.
Frequently Asked Questions
The National Pension Scheme (NPS) is a government-backed investment plan in India that helps individuals save money during their working years and receive a pension after retirement. It is designed to provide financial security by allowing people to invest in a variety of assets, with the goal of ensuring a steady income post-retirement. NPS is a reliable option for those seeking to secure their future and maintain financial stability in their later years.
Subscribing to the National Pension Scheme (NPS) offers several key benefits for long-term retirement planning:
- Systematic Savings
- Flexibility in Contributions
- Diverse Investment Options
- Tax Benefits
- Market-Linked Returns
- Retirement Income Security:
- Portability
- Social Security
- No Default Risk
- Enhanced Retirement Planning
- Systematic Savings
- Flexibility in Contributions
- Diverse Investment Options
- Tax Benefits
- Market-Linked Returns
- Retirement Income Security:
- Portability
- Social Security
- No Default Risk
- Enhanced Retirement Planning
NPS subscribers can allocate their contributions across different asset classes to create a diversified portfolio based on their risk appetite and age, using the options available within the NPS framework. Here's how:
Asset Classes:
• Equity (E): Top 200 derivatives (Equity) based on market capitalization.
• Corporate Bonds (C): AA and above credit-rated corporate bonds.
• Government Bonds (G): State and Central Government bonds.
• Alternative Investment Funds (A): Real Estate bonds.
Investment Strategies:
• Active Choice: Allows subscribers to select investments in different asset classes or in a combination of asset classes.
• Auto Choice: Based on the risk appetite of the investor, they can opt for investment choices that range from aggressive to conservative. These choices are determined by the investor’s age and financial planning principles.
Options under auto choice:
Aggressive: Up to 75% equity until age 35 for higher growth potential.
Moderate: 50% equity until age 35 for balanced risk and return.
Balanced: 50% equity until age 35, then 45% for a balanced approach.
Conservative: 25% equity until age 35 for lower risk and steady growth.
This flexibility allows NPS subscribers to build a portfolio that suits their financial goals and risk tolerance, ensuring a personalized and strategic approach to retirement planning.
Asset Classes:
• Equity (E): Top 200 derivatives (Equity) based on market capitalization.
• Corporate Bonds (C): AA and above credit-rated corporate bonds.
• Government Bonds (G): State and Central Government bonds.
• Alternative Investment Funds (A): Real Estate bonds.
Investment Strategies:
• Active Choice: Allows subscribers to select investments in different asset classes or in a combination of asset classes.
• Auto Choice: Based on the risk appetite of the investor, they can opt for investment choices that range from aggressive to conservative. These choices are determined by the investor’s age and financial planning principles.
Options under auto choice:
Aggressive: Up to 75% equity until age 35 for higher growth potential.
Moderate: 50% equity until age 35 for balanced risk and return.
Balanced: 50% equity until age 35, then 45% for a balanced approach.
Conservative: 25% equity until age 35 for lower risk and steady growth.
This flexibility allows NPS subscribers to build a portfolio that suits their financial goals and risk tolerance, ensuring a personalized and strategic approach to retirement planning.
The National Pension System (NPS) provides attractive tax benefits to encourage individuals to contribute towards their retirement savings. Here's how:
Section 80C Benefits:
Under Section 80CCD (1b), Individuals can claim an extra tax rebate of up to ₹ 50,000 for their contributions in NPS, over and above Rs. 1.5 Lac tax-saving limit under section 80C, resulting in total savings of up to Rs. 2 Lakh, further boosting their retirement savings.
Employer Contributions (80CCD(2))
If an employer contributes to an employee's NPS account, the contribution is eligible for a deduction under Section 80CCD(2). The deduction for employer contributions is limited to 14% of the employee’s salary (basic + dearness allowance) and is not subject to the ₹1.5 lakh cap under Section 80C.
Section 80C Benefits:
Under Section 80CCD (1b), Individuals can claim an extra tax rebate of up to ₹ 50,000 for their contributions in NPS, over and above Rs. 1.5 Lac tax-saving limit under section 80C, resulting in total savings of up to Rs. 2 Lakh, further boosting their retirement savings.
Employer Contributions (80CCD(2))
If an employer contributes to an employee's NPS account, the contribution is eligible for a deduction under Section 80CCD(2). The deduction for employer contributions is limited to 14% of the employee’s salary (basic + dearness allowance) and is not subject to the ₹1.5 lakh cap under Section 80C.
Maturity corpus at the time of withdrawal under NPS is TAX FREE.
