New Pension Scheme (NPS)

by Hemant Beniwal on June 21, 2010

NPS 150x150 New Pension Scheme (NPS)NPS or the New Pension Scheme was launched in India on May 1,2009. It is a scheme which enhances the social security in our country and its aim is to provide social security after retirement. Till the launch, in India we had a Defined Benefit Plan. As the name suggests one would get certain pension fixed for whole of his life. This means the post-retirement proceeds were fixed and if there is a shortfall in this corpus, Government would make good. The NPS is a Defined Contribution Plan, where the returns would not be fixed. But now NPS is a defined contribution plan so that you will only get what you have contributed & return that fund manager generated on it.

In his election speech in 1935, Franklin Delano Roosevelt said “it is the more obligation to honor the right of citizen to live with dignity even in the retired life”. When it comes to pension or social security, our eyes turn to the Government. In India also, the charm of being a government servant is the Pension that you get in your retirement years. So to reduce the burden on its expenses the NPS was introduced by the exchequer. Around 8 Crore investors are estimated to be eligible to join this scheme.

Regulator

Pension Fund Regulatory and Development Authority (PFRDA) is the regulator for the NPS. PFRDA was established by the Government of india on 23 August 2003 to promote old age income security by establishing, developing and regulating pension funds.

Applicability

All new entrants to Central Government services (other than Armed Forces) after Jan 1, 2004, would compulsorily join this scheme. All India citizens, including NRI, aged 18 to 60 can voluntary join the scheme. The exit age will be 60 years.

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Contribution Requirements

A minimum contribution of Rs 6000 Would be compulsory per year. Minimum amount per contribution is Rs 500 and a minimum of 4 contribution in a year for each subscriber account is required.

Structure

Under NPS, each subscriber would be allotted a unique 16 digit Permanent Retirement Account Number (PRAN). This number would be portable. The records of transactions and investor would be maintained by central record Keeping agency (CRA). At present NSDL is the CRA and in future the number of CRA would be increased. The subscriber has an option to invest with seven Pension Fund Manager (PFM). He also has the option to choose any one or multiple PFM to manage his contribution. these PFM will have 3 Kind of funds categorized as E for Equity fund, G for fund investing in Government Securities and C for Fixed income securities other than Government Securities.

Subscription types

To apply for the voluntary pension scheme, there are two types of accounts:

Non- Withdraw- able account: The Tire 1 account is the basic NPS account that is non -withdrawable till retirement on in the case of death of  the subscriber. In this type of account, the total corpus at the retirement age is split, whereby a minimum of 40 percent  of  the final corpus has to be compulsorily used to buy an annuity while the subscriber is free to withdraw the remaining 60 percent as a lum sum or in installments.

Withdraw-able Account: A tier 2 account is available to only who are existing subscriber of the tier 1 account. The unique selling point of the tier 2 account is that money contributed into this account can be freely withdrawn as and when the subscriber wishes except for minimum balance that needs to be maintained at the end of each financial year.

Investment Charges

The NPS levies an investment charges of .00009% of the asset under management. Initial charges of account opening would be around Rs 470. From second year onward the charges would be Rs 350 per annum. Also a charge of Rs 10 would be applicable for each transaction. These charges are bound to come once the investor base increases. Also recently it has been announced that Government would credit Rs 1000 to every new account which is opened. In other words it would compensate the joining fees charged by the CRA.

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Tax & Return

The contribution under Tier I account would under the sec 80c of the Income Tax, but withdrawals from this scheme be taxable under the EET(exempt – exempt – tax ) system. (As per recommendations of forthcoming new direct tax code  the withdrawals would be tax free). The returns are not guaranteed and as per your fund selection and performance of the Fund Manager.

The Pension Fund Managers

At present there are seven PFMs. These are UTI. SBI, LIC, Lotak, Reliance ADAG, IDFC and ICICI pruedential.

How can I apply for the NPS

The scheme is offered though 23 point-of – Acceptance or POS. The major are SEBI and its 7 associated bank, ICICI bank ,IDBI Bank, OBC, Allahbad Bank CAMC  etc. Not all the branches of these POS offer the information and services for NPS. You can check the website of the particular POS or call their toll free number to get information about of this availability of  this scheme. Also a word of caution: Few cases have been registered, where investor approached for NPS but was offered ULIP as the retirement solution product. Please read the offer document of NPS to get  the finest details.

Till date only 5000 individuals have voluntarily opted for this scheme & total amount collected under this scheme is around 10 Crore.

You can also read this article in Hindi

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{ 573 comments… read them below or add one }

1 caswatishevade

Is this a very good scheme for professionals and if i want to invest in this and i want to calculate how much i should invest to get 15000 as my pension is there any formula? can u share it with us.
Thanks and Regards,
swati shevade

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2 Hemant Beniwal

@ Swati

It’s very early to say that ‘it’s a very good Scheme’ – now & then there are lot’s of changes in the investment world & especially in NPS. Ya but it’s expense ratio is very low.

Regarding the calculation part your question is incomplete(for how many years you need this income, do you want to consider impact of inflation etc).

If you have any specific question mark a mail to ask@tflindia.in

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3 Shrawan Kumar Pathak

Dear Sir,
My PRAN No is 110051752086. I am retiring on 28.02.2013. Please let me know how can I get my pension and other benefits after retirement.

Shrwan Kumar Pathak

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4 Amareshsavadatti

Dear sir my contrubution is monthly Rs1372 im govt employee myretirement date is 31-6-2030 how pension i should get.

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5 Ajay kumar

Feel good and confident about nps.

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6 Amareshsavadatti

Sir my name is amareshsavadatti iam also govt employee since2007 backlog amount is nil & deduction for nps scheme is1373 how much pension& lumsum amount i will get at the end of retirement my retirement date is 31-6-2030

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7 sujani

i want to know how to change fund managers

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8 arvind

I want to join nps scheme. Plz tell me if govt would contribute 1000 rs. Every year in the account

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9 Pankaj B Pande

Sir i have resigned my post and i did one year completed and my question is how to withdraw my nps deducted amount……plz rply me sir..

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10 kishor gaikwad

sir,i am a NGO from maharashtra,latur.please provide all nps schme details for govt.employs NPS account.

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11 rushi

sir i am gov.employee i want to know that after retirement all the 100% accumulated amt that i can withdraw together or not or before retirement any rules that i can withdrawl money in running service pls sir inform me this information

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12 Sunil Date

Can you clarify whether the annuity ( not the accumulation phase) in a NPS is also proposed to be tax free ?

Currently the NPS has only the accumulation phase. An annnuity has to be purchased from one of the insurance companies, who are offering immediate annuity ( not defered annuity).

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13 Hemant Beniwal

@ Sunil
“… annuity schemes will also be subject to EEE method of tax treatment.” Point 3.1 of discussion paper says this. (but still it’s a discussion paper)

They have not mentioned deffered or immediate annuity. We feel same tax treatment will be applicable for both.

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14 Prasad

PFRDA site has given following information about death of PRAN holder.
the amount can be disbursed as pension to SPOUSE of PRAN holder.
but what about corpus left after death of spouse.
will that be given to family members especially children as lump sum or on a monthly pension format?

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15 Hemant Beniwal

@Prasad

Will be given back to legal hires as lumpsum. Only in case of some annuity schemes amount is ceased.

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16 pattu

One lesser known fact about NPS.

For Govt employees the equity component in Tier I is fixed at 15%. No change is possible at present!

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17 Hemant Beniwal

Pattu, Thanks for sharing this.

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18 babbar raja

hello.
i m a govt employee and under NPS scheme govt is deducting Rs 1823 from my basic salary. can u pls tell me how much Govt will contribute against this deduction.

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19 Hemant Beniwal

Yes. As your employer, the Government will match your contribution and transfer this amount also to your Tier-I account in your name.

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20 NIKKI

I’m a private sector employee. My date of birth is 12/5/1985.
I want to avail NPS. I want the scheme or plan for myself.
I want to contribute Rs 3000 per month, then how much I would get as pension when I’ll attain the age 60?
and is there any difference between tier i & tier ii plans in terms of rates.
can i increase the amount later.

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21 sweety

sir,i want change my contact no. from nps form bcoz my mobile lost and now i have new no. i want to send new mobile number to NPS-CRA office so that i can get all infomation which CRA SEND EVERY MONTH.

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22 ballu

sweety g
for any correction (like mobile no,email id etc,) aap S2 form fill kar sakte hai

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23 ajit kumar paul

I’m a private sector employee. My date of birth is 12/5/1985.
I want to avail NPS. I want the scheme or plan for myself.
I want to contribute Rs 3000 per month, then how much I would get as pension when I’ll attain the age 60?
and is there any difference between tier i & tier ii plans in terms of rates.
can i increase the amount later.

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24 Abhay Kumar Singh

I am a govt. employ. My NPS is deducted Rs. 1214/- per month from my salary. please let me know the what amount will I receive at the time of my retirement.

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25 Hemant Beniwal

@Abhay

Can you tell us your age?

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26 ambarish mitra

sir
i want to know my recent balance,means what is the total ammounts are added in my account

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27 ambarish mitra

my age is 26.and the deduction is rs-1214/pm

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28 SANGAPPA ELIGAR

Sir,
My PRAN No. is 110070010792 I forget my pasward & my a/c is locked. Pl. send me new pasward…
Thank..

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29 Daya Shankar Gupta

I HAVE the same problem plz guide me.

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30 krishna

Dear sir, good evening
I am going to resign from present organisation and i will join new organisation .i am already member of NPS but after joining in new organization . i want to start new NPS account without information of previous account.sir is it possible ?sir give suggestion about this as soon as possible .sir also give me personal contact number please..

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31 krishna

Dear sir, good evening
Dear Sir,
I worked for central goverment as senir technical assistant and now want to switch to central bank of india as agriculture officer. .I have not informed of my previous employment where i was subjected to NPS. Though i have all my release letters. I want to join CBI without mentioning about previous employee details is it possible to do that, as i am already subjected to NPS. I am joining at a bank due to personal reasons. Please Help if you feel appropriate.

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32 krishna

Do u get answer to this problem , if yes please do reply

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33 shashikala

sir my name is shashikala.m.s,I am also government employee since 2007,backlog amount is 1171 & deduction for nps scheme is 2080.I am tier 1 account holder.how much amount I will get at the end of retirement. which one is beneficial either tier-1or tier-2.how to change for tier-2 scheme,weather we can contribute certain amount to tier-1 as well as tier-2.please inform me.

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34 Amareshsavadatti

I forgot my password plz send newpassword to my email address

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35 Satya Narayan Mishra

I’m a private sector employee. My date of birth is 29/06/1977.
First of all can I avail the NPS?
If yes, suppose I will contribute Rs 2000 per month, then how much I would get as pension when I’ll attain the age 60?
Also will I get some lumpsum amount along with the pension?
Will I have an option to take a lumpsum amount or only pension or both?
What would be the lumpsum amount?
Can the account transferable from branch to branch? for example I opened the account at Hauzkhas, Can I transfer to Chandinichowk?
What are to documents required to open a NPS account?

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36 Hemant Beniwal

First of all can I avail the NPS?
> Yes you Can

If yes, suppose I will contribute Rs 2000 per month, then how much I would get as pension when I’ll attain the age 60?
>NPS is a defined contribution plan and the returns are linked to markets and also the asset allocation chosen by you. Last year category average returns of the pension fund managers was in the 19.5% & top performer UTI gave return of 24.6% in same period. But this is just one year performance when equity markets have given good returns. Assuming a CAGR of 10% your contribution of Rs 2000 pm would be able to accumulate Rs 33 Lakh in 27 years. After accumulation you need to purchase annuities, if we assume that you buy fixed annuity for 15 years which pays you approximate 6% Return – you will get Rs 28000 pm.

Also will I get some lumpsum amount along with the pension?
Will I have an option to take a lumpsum amount or only pension or both?
What would be the lumpsum amount?
>Please read the “subscription types” in above article.

Can the account transferable from branch to branch? for example I opened the account at Hauzkhas, Can I transfer to Chandinichowk?
>Yes

What are to documents required to open a NPS account?
For More details Visit http://www.pfrda.org.in/

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37 sukhwinder singh

my date of birth 15.05.1966.Having govt employee .Contribution p.m.is 3000/-.how much pension will i received at 60.plz reply

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38 Hemant Beniwal

Hi Sukhwinder

I am assuming that Govt is also contributing the same amount – means total contribution of Rs 6000 PM.

In 16 year @ 10% CAGR you can accumulate approximately Rs 26 Lakh. After that you have to purchase annuity. I am assuming you will purchase 15 years fixed annuity & annuity rate at that time will be 6% – You may get monthly pension of Rs 22000.

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39 D srinivasa kumar

i am central govt employee( railway) they are deducting 3700/- for NPS subscription, means 7400/- total, including govt matching fund, my date of birth is 11.06.1978 & date of entry into service is may 2008, at the entry level my NPS subscription was 2000/- (Total 4000/- including matching fund. how much pension may be expected after my retirement.

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40 Darshan

Dear Sir, I have following queries:

1. Till what age can the person get pension from the age of 60?
2. The corpur left after the death of the holder ,say at 80, will that be given to the nominee?
3. Till now what and where can we come to know about the performance of the NPS? Like, Equity option what is the NAV till date?
4. Why is this scheme not popular as others? Other than Government One…

Thanks in advance.

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41 Hemant Beniwal

Hi Darshan

Please find the inline reply:
1. Till what age can the person get pension from the age of 60?
> It depends on the type of annuity you choose – there are 6-7 type of annuities. If you choose ‘annuity for life’ you can get it upto your death.
2. The corpur left after the death of the holder ,say at 80, will that be given to the nominee?
>Again, it depends on the annuity choice, If you choose “Annuity for life with return of purchase price on death of the annuitant” your nominees will get that amount.
3. Till now what and where can we come to know about the performance of the NPS? Like, Equity option what is the NAV till date?
>NPS is a defined contribution plan and the returns are linked to markets and also the asset allocation chosen by you. Last year category average returns of the pension fund managers was in the 19.5% & top performer UTI gave return of 24.6% in same period. But this is just one year performance when equity markets have given good returns. (Right now there is no sngle source where you can compare the performance or check NAV)
4. Why is this scheme not popular as others? Other than Government One…
> Firstly there are still few loopholes in the product, Secondly it doesn’t pay anything to advisor :)

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42 sujani

let me know how far NPS is better than old Pension procedure. shall i get gratuity/Commutation etc in NPS

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43 Amit Kedia

Please inform me on tax status for tier II account.

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44 Hemant Beniwal

The amount you will withdraw before maturity will be taxable.

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45 Praveen Singh Chauhan

I’m a private sector employee. My date of birth is 08/08/1965.
Iam contributing Rs 15000 per quarter ,( Rs.10000 for tier1 and Rs. 5000 for tier2) then how much I would get as pension when I’ll attain the age 60?
Will I get some lumpsum amount along with the pension?
Do I have an option to take a lumpsum amount or only pension or both?
What would be the lumpsum amount for tier 2?

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46 Hemant Beniwal

Hi Praveen,

In Tier 2 money contributed into this account can be freely withdrawn as and when the subscriber wishes except for minimum balance that needs to be maintained at the end of each financial year.

If we assume a rate of 10% in next 15 years – your accumulated sum at retirement will be 20.4 Lakh. Out of this 6.8 will be in Tier 2.

If we take one more assumption that you will withdraw full amount from Tier 2 as lumpsum you can still expect a monthly pension of Rs 11500 for 15 years.

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47 Praveen Singh Chauhan

Dear Hemant

Thanks for your reply can you guide me where I can take a printout to submit my employer for TAX REBATE under this NPS INVESTMENT otherwise TDS will be duducated from my salary for the amount which invested by me on NPS.

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48 Hemant Beniwal

Hi Praveen,

You can take statement from POS.

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49 Praveen Singh Chauhan

Dear Hemant

Thanks for reply , but i can’t understand the meaning of POS kindly explain

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50 Hemant Beniwal

Praveen

POS is point of sales :)

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51 Praveen Singh Chauhan

Dear Hemant

Thanks for reply , In my case who is POS as I live in New Delhi and all transcation is done by South Indian Bank who is decalred in NPS list , Is South Indian bank is POS.

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52 Hemant Beniwal

Ya South India Bank is your POS – they will give you the statement.

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53 Amit Lohen

what amount is deducted in nps(new pension scheme)?

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54 Hemant Beniwal

Hi Amit

If you are govt employee & joined service after 2006 your pension fund is actually contributed in this scheme.

If you are a private employee or business man – you have to decide your contribution.

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55 Pramod Choudhary

Do we have to buy annuity from nps corpus?

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56 hemantbeniwal

Yes Pramod

NPS is a accumulation scheme – you have to separately buy annuity at the end of the period.

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57 Pramod Choudhary

Hemant one more question
How to calculation of nps amount from salary ?

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58 Hemant Beniwal

I am not able to understand this question but you should contact your accounts department.

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59 ram

its 10% your BASIC +D.A.

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60 Seema

Can nris join new pension scheme india?

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61 Hemant Beniwal

Yes they can.

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62 Seema

Can we contribute less than 10% in nps tier-i ?

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63 Hemant Beniwal

I am not sure what do you mean by this :(

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64 ram

answer is no!!!!

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65 Hemant Beniwal

Thanks Ram.

She haven’t mentioned govt employee :(

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66 ram

no

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67 H.R.Alariya

@ Seema
No, You con`t contribute less then 10% of salary

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68 Fareed Ahmed

What are the documents required for nps ?

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69 Hemant Beniwal

Just proof of id & address proof.

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70 Dr Manish

How much one can earn according to new pension scheme in india?

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71 Hemant Beniwal

Hi Manish

Returns are market liked & not fixed – 10% can be expected in the long term.

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72 Dr Manish

How to buy nps or easiest way to buy NPS? :)

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73 Hemant Beniwal

Reach your nearest POS & start contributing.

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74 Vinod

Where we can apply for nps tier ii ?

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75 Hemant Beniwal

For this first you need to have tier 1 account.

NPS can be opened at any POS – check the list in article.

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76 pratik

I am a govt employee contributing Rs. 2000 +2000(govt)per month to nps. My age is 30.How much pension i will get on retirement if i don’t withdraw anything on retirement. How much i will get if i withdraw 60% of my amount on retirement.

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77 ajit kumar paul

I am a central govt employee contributing Rs. 2500 +2500(govt)per month to nps. My age is 35.How much pension i will get on retirement if i don’t withdraw anything on retirement. How much i will get if i withdraw 60% of my amount on retirement.

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78 Hemant Beniwal

Hi Pratik

If we assume 10% return in NPS & 6% return in Annuity(15 years fixed annuity)

NPS corpus will be Rs 90000 after 30 years.

You may get a pension of Rs 76000 at that time.(which will be equal to today’s Rs 13000)

If you withdraw 60% of the corpus – pension will be 30000.

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79 Sapan Ajmera

Hemant

I want to open an NPS account and I reached few banks like sbi & uti but they are saying that they don’t know about this scheme. How can I find out who is selling NPS. These days I am following your guidlines for every investment :)

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80 hemantbeniwal

Hi Sapan,
Thanks for showing confidence in us & following our guidelines. NPS is offered though 23 point-of – Acceptance or POS. The major are SBI and its 7 associated bank, ICICI bank , IDBI Bank, OBC, Allahbad Bank, CAMC etc. Not all the branches of these POS offer the information and services for NPS. You can check the website of the particular POS or call their toll free number (State Bank of India 1800 112211 & Axis Bank 1800 233 5577) to get information about of this availability of this scheme. We already have written
Also a word of caution: Few cases have been registered, where investor approached for NPS but was offered ULIP as the retirement solution product.

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81 Garima Kotawala

hi sapan…Where are you located..you can also contact IDBI Bank one of the POS on toll free nos 1800 200 1947. I work as Assistant MAnager in IDBI bank located at Jaipur.

If you are in jaipur, you may contact me on 0141-5106400.

Thanks
Garima Kotawala

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82 Avinash

Hi,
Do I need to stick to the same POS for carrying out my NPS transactions? So can I open NPS account with say Axis bank and then, due to change in residence, carry out subsequent transactions with say SBI (that is closer to my new place) ?

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83 Hemant Beniwal

Hi Avinash

You can change POS, there is a small fees of Rs 20. You should call on tollfree no of AXIS 1800 233 5577 & get the details.

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84 ram

as u know govt employee have to contribute 10% of their BASIC +DA and same amount is being contributed by GOVT in nps.meanwhile thier DA is on an average increasd by 10% twice evey year.my own contribution is 3000/month.my basic at present is 20000 and DA is 45% of my basic.age is 30.what wud be corpus and pension amount keeping the fact in mind that the amount has to be increased every half yearly from both sides [employee and govt].

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85 Hemant Beniwal

Hi Ram,

Thanks for solving queries of other readers.

Normally for a govt employee salary increases by 5-6% every year(Including changes after recommendations of pay commissions)

Assumptions I have taken for your calculation:
1 9% return on NPS & 6% on annuity that you will purchase after retirement.
2 5% increase in income every year (similar increase in NPS Contribution)
3 Retirement Age 62 & Life Expectancy 75

Your corpus at your retirement will be Rs 2.39 Crore – this will give you monthly income of Rs 5.20 Lakh every month for 13 years. (Rs 5.20 Lakh will be equal to Rs 80 thousand of today if we consider inflation of 6%)

Keep visiting :)

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86 Amit Kedia

I would like to know taxable amount for my tier 2 account.

What % of tax is payable on gains if i withdraw
1. after 1 year
2. within 1 year
Do I have to pay any tax on gains as on 31st march on increase in Value even if I dont withdraw.

Thanks

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87 Hemant Beniwal

@Amit

There will be no tax.

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88 venkat

I am in private service and aged 49 yrs. Do you advise me joining NPS at this age? How is better option vis a vis pension ULIPs?

Regards

venkat

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89 Hemant Beniwal

Hi Venkat,

At your age I will not suggest you entering NPS as there are still many loopholes that should be filled. Don’t go for pension ULIP – they are pathetic products.

Considering 10 year time in retirement – You should make your portfolio through Mutual Funds & PPF(It’s a 15 year product but still it makes sense to open it).

“The total corpus of NPS is 7,000 crore, whereas collections from the unorganised sector under the scheme is only 40 crore.”

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90 Jitendra

Hi Hemant

I am a government employee in Western railway under medical department in Mumbai . My NPS is deducted Rs.1052 per month from my salary please let me know the what amount which i receive at the time of my retirement.my birth date is 23 November 1982.Thank you.

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91 Hemant Beniwal

Hi Jitendra,
That will be close to Rs 60000 per month if you consider taking a fixed 15 years annuity.

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92 Deepak Kadam

Hi Hemant,

I am a private company’s employee.
I want to open a NPS from State Bank of India is this scheme available in this bank, if not then from which bank?
My Age is 26 years DOB: 08/10/1984.
I want to open with minimum of RS 1000.
How much amount i will receive when I attend the age of 60?
Will i show it for tax deduction?

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93 Hemant Beniwal

Hi Deepak

SBI & it’s all associates are POS for NPS.

NPS comes under 80 C so your investments can be used to take the benifit.

If we assume a rate of 10% your accumulation will be Rs 34 Lakh.

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94 shekhar jadhav

How many years i should pay the premium. I want to know in terms of dd/mm/yyyy

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95 shekhar jadhav

Hi Hemant
My birth Date 27/04/1983

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96 CHANDAN

Hemant,
I am a state government employee and is into NPS. I has received PRAN(just a 12 digit number and nothing else). What I wish to know is will I get a PRAN Card, a I-PIN and a T-PIN. Where will I get the statement of transaction. (People in government NPS cell are not so co-operative and I cannot go to them asking for these things.) Guide me

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97 Hemant Beniwal

Hi Chandan,

The PRAN is the primary number for identifying and operating the NPS account. Once the account is opened, CRA (Central Record keeping Agency) mail a “Welcome Kit” which contains the PRAN card and the complete information provided by you in the registration form.

You receive a T-PIN for accessing the account through call Centre and a I-PIN for accessing your account on CRA website. If you havn’t received your I-PIN and T-PIN, contact CRA. For more information you can visit (www.cra-nsdl.com/www.npscra.nsdl.co.in)

You can access your transaction statement and other details either through call Center or by logging on the website.

I think this will be helpful.

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98 Ankit Bhatia

How to invest in New Pension Scheme 2011. Please provide details regarding the same.

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99 Hemant Beniwal

NPS 2010 or 2011 is one and same scheme.

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100 Sgt M kumar

I am working in Indian Air Force and going to retire after tw0 year.
Can I open a NPS account?
Thanks…

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101 Hemant Beniwal

Hi SGT M Kumar,

NPS is an accumulations scheme – you should avoid it at this stage of life.

My suggestion is go for Balanced Mutual Funds.

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102 Vivek Jain

Minimum contribution in NPS is Rs. 6000.00 per annum.
i want to know that it is within every year (from date of acount opening to next year) or in every financial year.

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103 Hemant Beniwal

Hi Vivek,

From opening of your account.

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104 PRAVAT

I am a State Govt. Employee.I received my PRAN kit one month ago. But i don’t know what percent i deduct from my salary. I am in account section, in which process the deducted amount send. please notify me & tell me can i deduct a percent of i wish to the new pension system.

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105 rekha

I am a State Govt. Employee.I received my PRAN kit one month ago. But i don’t know what percent i deduct from my salary. I am in account section, in which process the deducted amount send. please notify me & tell me can i deduct a percent of i wish to the new pension system.

Reply

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106 Hemant Beniwal

Hi Rekha & Parvat

In case of government employee 10% of the employee’s salary(basic+DA+DP) will be transferred into NPS account. Govt.(employer) will also contribute the similar amount.

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107 jagdish chandra joshi

i want to invest 12000 per year. my age is 33 years.
after sixty years age how much pension will i get and upto what period? or tell me about principal amount.

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108 Hemant Beniwal

Hi Jagdish,

At the end of this article there is a calculator that you can use to find accumulated amount.
http://www.tflindia.in/2011/02/systematic-investment-plan-mutual-fund-sip-best.html

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109 vijaikumarsingh

I have joined IIT Roorkee on 13.10.10 at the age of 56 plus. In IIT pension is available for old employees but new entrants are allowed to join NPS. Since I am more than 55 years, am I entitled for coverage under NPS.

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110 Hemant Beniwal

Hi Vijay,

NPS is defined contribution scheme & Max entry age is 60 – so I think you should be entitled to it.(contact your accounts department)

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111 Sunil

Hi,I am 39 year old my question is
A) what percentage is to be invested equity and debt?
B) which is best performing fund manager?

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112 Hemant Beniwal

Hi Sunil,

By rule of thumb you can still invest 60% in equities – but if this is your first investment in equity don’t invest more that 30-40%.

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113 Subramanya P.R

Hi Hemanth,

I was planning to open an NPS account and start contributing. And while I was reading about NPS, in one of the responses above, you say there are loopholes in NPS. That makes me a bit nervous. What are the loopholes? Are you talking about any serious loopholes?

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114 Hemant Beniwal

Hi Subramanya,

Few of them:
The debt instruments that the NPS buys are not indexed. So literally the fund manager can buy anything – the risk is on the unit holder.
Limit on govt emp equity participation.

They are not that big & may be solved with time. You can invest some money in NPS. (10%-15% of your savings for retirement)

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115 PARAG R JANI

please provide me the detail of pension plan

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116 Hemant Beniwal

Hi Parag,

Which pension plan you are talking about.

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117 ANRIT BANERJEE

i am working in SBI, My date of birth is 12/06/1984 and retirement is 30/06/2044.
I have contributed about 2200 monthly in NPS.Still I have not received any PRAN NO.
My Question is
1)How could i got my PRAN No;
2) approx what amount I can withdraw(in lump sum) at the time of retirement
3)If I died at the age of 58 what type of benefit I will received.
4)If opted for pension at the time of retirement what amount I will get per month.
Regard
Anrit Banerjee
Asst Manager
State Bank of india

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118 Ajit

Sir,
I am a govt. servant and contributing about 1800/- p.m. My date of brith is 17/12/1978. What will be the amount will I get at the time retirment i.e. after the age of 60? How much i will get if i withdraw 60% of amount on retirement?

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119 SANTANU MUKHERJEE

I am a Central Govt. employee. I joined to my service on 04/09/2010. From october, 2010 salary a sum of Rs. 1475/- is deducting by my employer. My date of birth is 31/08/1974. How much amount I can got after my retirement and also how much pension I can got per month after 60 years. Please clarify. My mobile no is 980000000. Kolkata.

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120 Hemant Beniwal

Hi Shantanu,

Never leave your number at public forums.

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121 SANTANU MUKHERJEE

My income per month is Rs. 25000/- approx. I want to invest Rs. 7000/- to Rs. 10000/- per month upto retirement age for my benefit. Please let me know the best secured investment idea for best return. Besides this I want to invest another Rs. 1000/- to Rs. 2000/- in every year due to getting DA / increment. Waiting for your comments.

Santanu Mukherjee
Howrah/Kolkata

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122 Hemant Beniwal

Hi Shantanu,

In short term preserving capital is safety & in long term preserving purchasing power. You should make a combo of PPF & Mutual Fund SIP.

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123 Joydeep

Hi!

My Basis is Rs.13350/- + Grade Pay of Rs.4800/- and DA of Rs.9256/- what will be my NPS contribution. I’ve applied for pran in Feb 2011 with my employer but no deduction as of yet upto MAR 2011 was done, no Ack is recieved yet, so now the questions are i) What will be my contribution amount? ii) when the account will get activated will the deduction be retrospective in nature (i.e from Feb 2011) or prospective in nature?

Thanx

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124 naveen

I am working as assistant professor & presently drawing ugc scale of pay’. we are not clear about the nps scheme applicable to us.Pls kindly advise on this.

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125 abu lais

Hi Hemant,
I joined CRPF on 28.08.06 and 10% of my salry was deducted for DCPS.I have resigned the job on 5.09.2009. Then what is the status of my amount, will not I be refunded the amont, please let me know

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126 Jayanti

I am a housewife( an indian citizen) who is not employed. Can I apply for this New Pension Scheme?

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127 Hemant Beniwal

You may but why you want to do it. When you don’t earn you should not invest.

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128 deepak

HI Sir
My Father is a Sales Man and at age of 55 year
now it will be benite for him to considered NPS and if yes than what amouny he will invest at each month .
and you tell that annuity will be done after complition of monthlly payment. what is it

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129 Tinks

Hi,
I think he should not opt for NPS rather then he should go for Monthly income scheme which will offer him 8%payable monthly.

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130 Rajendra Patel

Gud eve. sir,
i m employees of Kribhco and non-affilated-Union representative too. kribhco had a govt.pension scheme of yrs-1995, which allows very mini. amount as pension. Here we (with management) r in work out to adopt new pesion scheme for our employees(2200 employees), and we want at least half salary (of last month of service,) as pension. we also agreed to contribute and make a handsome-fund for new pension schme. so here we need ur advise for expected scheme. plz advise us regarding which option we can adopted?

in my case my birthdate: Aug-1972, and my basic: Rs. 24000/- as on today.

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131 Tinks

Hi,

In a Year you need to contribute Rs.6000 only and that you can do by investing 500 monthly.
In this there are three assets class which a person can opt for i.e. equity,fixed income securities other than government securities & government securities.
One can invest 50 % of total contribution into equity or up to 100 % into fixed income or government securities.

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132 Sumit

I am a central govt employee. I wanted to know whether the govt. contribution to my NPS account adds to my Gross Income and if yes whether I can show this govt. contribution to my saving limit of 1 lakh for tax benefit in addition to my own contribution to NPS.

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133 pattu

As of now the govt contribution forms part of y(our) taxable income. This financial year onwards this cannot be used for tax deduction.
See this:
Employer contribution towards NPS goes out of sec 80C

If your employer was contributing towards NPS , his contribution was eligible under 80C , but with this budget while it will still get tax deductions , it would come out of 80C , which means that some space will be left under 80C for people whose employer was contributing in NPS . The person can now invest more in sec 80C because of this .

If the DTC kicks next year the situation will change again. If I am not wrong the govt contribution will not be part of taxable income

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134 Kusum

Dear Sir,I was a public sector employee in India but now resigned and working abroad.My dob is 08.12.1968.Since I left govt job, I am not entitled for pension.Would you suggest me to join NPS?or any other schemes like LIC pension plans, is it good?suppose I want to have amonthly pension of 40-50,000 after I retire @60 yrs of age, how much should I pay monthly for the above schemes?As an NRI should I pay tax?

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135 parthsarthi

how i find out total amountinpran card.

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136 parthsarthi

how i get the total amount deposit information.

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137 anand

Hi Hemant,

My age is 28 years and i am a private sector employee and i am not married.Iwant to invest 20,000 per year for a period 20+ years (long term investment ). Which investment you suggest PPF or NPS ? and Why?This investment should also considered for TAX saving. (For your information i have done investment in ELSS funds too..so looking for less risk )

Thanks,
Anand

Thanks,
Anand

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138 Tinks

Hi,

As you have told that your age is 28 and you want to invest 20000 yearly for long term i.e. is 20 yrs i will suggest you to invest in mutual funds through SIP which will give you return around (10-15)%. which is more than NPS & PPF.
At your age you should take high risk which will earn you high return,
If you are investing then long term mutual funds in equity are exempt from tax.

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139 Manibhushanthakur

If one goes other post without proper chanel then another pran no. Will be issue or not. If his ppan no already exist before.

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140 Tinks

Hi,

No it wont be issued

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141 Manibhushanthakur

If one have pran no and he left his job for higher salery without taking noc,can issue a new pran no. For his. Give me clear information about is please.

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142 Manibhushanthakur

Dear sir, If one have pran no and he left his job for higher salery without taking noc,can issue a new pran no. For his. Give me clear information about is please.

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143 Tinks

Hi,Mani

No he cant issue a new PRAN No.
He can use the same even if u changes job or location.

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144 Puneeta

Hi Tinks,
I filled pran form in my earlier job which I left before completing 6 months. so no deduction. but I dont know that the number was generated or not? It’s been 2yrs,no info related to this I am having. I joined new job without Noc. I shud give undertaking dat I havenot filled the form ever earlier?

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145 rajendra patel

i m employees of Kribhco and non-affilated-Union representative too. kribhco had a govt.pension scheme of yrs-1995, which allows very mini. amount as pension. Here we (with management) r in work out to adopt new pesion scheme for our employees(2200 employees), and we want at least half salary (of last month of service,) as pension. we also agreed to contribute and make a handsome-fund for new pension schme. so here we need ur advise for expected scheme. plz advise us regarding which option we can adopted?

in my case my birthdate: Aug-1972, and my basic: Rs. 24000/- as on today.

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146 A K JHA

Dear Sir,

Greetings of the Day !!

I want to open a account in NPS. My DOB is 11/01/1976. We have some query regarding New Pension Scheme. I would be very obliged if you help me in this regard. My query is.

If I can’t afford to maintain my NPS account than what will happen ?
How can I close this account ?
If we exit before age at 60 in that situation when pension will be start ?
How many minimum years compulsory to maintain this account ?
I want to contribute through ECS facility. If I want to put additional contribution than how can we do it ?
How can I benefited from “Swablamban Scheme”. I want to contribute 1000/- monthly. If I increased this amount later than what will happen ? Government ceased my “Swablamban “ benefit and charge penalty on me ? To take benefit in “Swablamban Scheme” we shouldn’t increase our contribution ?
IF I contribute 1000/- monthly and age at 60 we withdrawal 60% of our corpus than how much pension I will get ?

I know you are very friendly about this. So I hope you will certainly help me. Your revert via mail would be awaited.

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147 Tinks

Hi,
If you cant’ afford maintaining your NPS Account then you have to bear a penalty of Rs.100 per year of default & will need to pay the minimum amount to reactive the account.
If subscriber exits before 60 years of age, he/she has to invest 80% of accumulated saving to purchase a life annuity from IRDA regulate life insurer. The remaining 20% may be withdrawn as lump sum. On exit after age 60 years from the pension system, the subscriber would be required to invest at least 40% of pension wealth to purchase an annuity.

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148 Manjay

Sir,
i have.a.pran.card,can.i.open.second.pran.card…please.tell.me.for.my.future….urgent

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149 tinks

No you cant opt.

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150 Manjay

I am group d stap.in.railway.can.i.do.tecnical.course.through.proper.chanel.

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151 Barun

My age is 28 years and i am a private sector employee

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152 Jai

Hi,

Looking at the NPS, I found that instead of investing in it one can go for a balanced fund from MF houses ( 60 – 80% equity 40-10% debt) and can get returns that are equivalent to NPS. The catch with NPS is that at maturity i.e. 60 yrs of age, we have to compulsory invest 40 % in annuity plans, which gives only around 6% returns. If one wants to withdraw before 60 yrs of age he is liable to invest 80% in annuity and gets only 20%. Then we get only 6% return on out 80% amount.

To avoid all this headache just invest in some balanced fund and get the freedom of withdrawing at anytime. Then put this in any post office scheme of bank FD and get returns 8% or higher.

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153 Vijay

Hi Hemant, can you please elobrate on the “annuitisation of pension wealth” in this para and also what exact it means.

“The exit from the Swavalamban Scheme would be on the same terms and conditions on which exit from Tier-I account of NPS is permitted, that is, exit at age 60 with 40% minimum annuitisation of pension wealth and exit before age 60 with 80% minimum annuitisation of pension wealth. However, the exit would be subject to the overriding condition that the amount of pension wealth to be annuitised should be sufficient to yield a minimum amount of Rs. 1,000 per month. If the annuitised pension wealth does not yield an amount of Rs. 1,000 per month, the percentage of pension wealth to be annuitised would be increased so that the pension amount becomes Rs. 1,000 per month, failing which the entire pension wealth would be subject to annuitisation. This minimum pension ceiling may be revised from time to time.”

I suggest to write something on this scheme so that, our forum memebers can help the ppl(Friends and relatives) who work in Unorganised sector. im doing the same

Thanks in Advance.

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154 Hemant Beniwal

Hi Vijay,
New Pension Scheme is a defined contribution scheme that provides investment solutions for retirement needs.You will be offered two accounts -Tier I and Tier II.Its mandatory to have Tier I account,it will require minimum contribution of 6000 every year,single contribution being 500.Tier II account is an optional account which is likely to start after 6months which will allow partial withdrawal.
It works as you turn 60, you need to invest at least 40% of the corpus in an annuity plan offered by an insurance company.In that case you can withdraw 60% of the corpus tax free or remain invested.You can withdraw earlier too,but in that case you would need to annutise 80% of the corpus.

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155 harish kumar jain

sir i have worked as government servent in Madhya pradesh from 19/011/2005 to 30/05/2010. but i have not get my contribution which had been deducted from my salary per month ( new pension scheme ) from my department. give me suggession how i receive my New Pension scheme contribution amount.

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156 Vishnu Bhat.

Hi Hemant;
I am a software engineer in a MNC.My date of birth is25_11-1983.Is it a good idea to open a NPS account?If so what is the suitable amount I can invest p.m to have descent amount as pension when I attain the age of 60?If Nps is not good enough what other avenues you suggest?Kindly oblige me.
With regards.

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157 I.Manickam

Which bank is having enquiry counter or web site to help me to open the account.Where we have to go or approach to open the account? Who will help us?

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158 Vikrant

I’m a private sector employee-JVC with Delhi Govt. My date of birth is 10/06/1965.
How much I should contribute per quarter ,( How much for tier1 and How much for tier2) then how much I would get as pension when I’ll attain the age 60?
Will I get some lumpsum amount along with the pension?
Do I have an option to take a lumpsum amount or only pension or both?
What would be the lumpsum amount for tier 2?

Reply

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159 Vikrant

I’m a private sector employee working as GM with JVC of Delhi Govt. My date of birth is 01/04/1965.
How much should I Contribute per quarter ,( How much for tier1 and How much for tier2) then how much I would get as pension when I’ll attain the age 60?
Will I get some lumpsum amount along with the pension?
Do I have an option to take a lumpsum amount or only pension or both?
What would be the lumpsum amount for tier 2?
What is mode of Payment to be made as premium & which Insurance co!
Also, I am professional as Engineer , If I continue my job after retirement, shall I get my pension!!
Is it home service!!
Since now 14 years are left for my retirement age i.e. 60

Reply

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160 tinks

Hi Vikrant,

A minimum contribution of Rs 6000 would be compulsory per year. Minimum amount per contribution is Rs 500 and a minimum of 4 contribution in a year for each subscriber account is required.

The Tire 1 account is the basic NPS account that is non -withdrawable till retirement on in the case of death of the subscriber. In this type of account, the total corpus at the retirement age is split, whereby a minimum of 40 percent of the final corpus has to be compulsorily used to buy an annuity while the subscriber is free to withdraw the remaining 60 percent as a lum sum or in installments.

Withdraw-able Account: A tier 2 account is available to only who are existing subscriber of the tier 1 account. The unique selling point of the tier 2 account is that money contributed into this account can be freely withdrawn as and when the subscriber wishes except for minimum balance that needs to be maintained at the end of each financial year.

The payment mode is monthly and its limit is upto 6000 only in a year.
The scheme is offered though 23 point-of – Acceptance or POS. The major are SEBI and its 7 associated bank, ICICI bank ,IDBI Bank, OBC, Allahbad Bank CAMC etc. Not all the branches of these POS offer the information and services for NPS. You can check the website of the particular POS or call their toll free number to get information about of this availability of this scheme.
If subscriber exits before 60 years of age, he/she has to invest 80% of accumulated saving to purchase a life annuity from IRDA regulate life insurer. The remaining 20% may be withdrawn as lump sum. On exit after age 60 years from the pension system, the subscriber would be required to invest at least 40% of pension wealth to purchase an annuity. In case of Government employees, the annuity should provide for pension for the lifetime of the employee and his dependent parents and his spouse at the time of retirement. If subscriber does not exit the system at or before 70 years, account would be closed with the benefits transferred to subscriber in lump sum. If a subscriber dies, the nominee has the option to receive the entire pension wealth as a lump sum.

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161 Ram Prasad

I am a central govt. employee. In present 2500/- per month deduct from my salary and 2500/- contribute from govt.(total 5000/-)per months deduct in my NPS.At present total 160000/- in my NPS account. I retired in April 2033. What is lump sum amount that i got in 2033, when i retired. What is minimum % return from NPS.

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162 Amit Goel

I want to know whether govt /employer contribution to NPS should be included in the gross salary for Income tax calculation .

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163 tinks

Hi Amit,

yes contribution from Govt/employer to NPS will be included in your gross salary.

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164 Amit

I want to know whether govt /employer contribution to NPS should be included in the gross salary for Income tax calculation .

reply from tinks
yes contribution from Govt/employer to NPS will be included in your gross salary.
According to me it will be injustice done on personnel working in government sector as in Public sctor undertaking or Private Sector it is EPF which is not considered in the gross salary for Income tax calculation.This NPS is forced on central government so this can be regared as double standards

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165 Amit

My contribution to NPS is 49000 and government contribution is 49000 so total is 98000 the limit to have detuction is 1 lac so where i will be able to save the money
As NPS is EET this means money withdrawn after 60 yrs will taxed
So in this way i will be paying tax two times on the same money is this seem to be illlogical
So pls clarify my doubts

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166 srinivas kumar

dear sir, i am a govt employee, contributing 2700/- +2700/-(from govt side)every month in nps tier-1 account. my age is now 34 years. how much pension shall i get after retirement? 6-7 type of annuities you have told explain me please.

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167 Goutam

Sir,
I joined in this Company (Oil PSU) in 1984. Goint to retire in March 2014. My Company offered me to join in NPS in Tire I . What will will be suitable for me ? What will be the return after retirement. My contribution say about 72000/- per annum. What will be the CAGR ? Which type of annuity I choose ? What will be tax implication ? In which class I should invest my corpus ? What lumpsum amount I will get ? Please reply me immediately.

Regards.

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168 Rajanikant

I want to know my account detail.whenever we check your website but there is no any proper link for account balance.please send me alink and instruction on my e mail id.

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169 Goutam

Where is my reply ?

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170 Vikrant

I REQUEST TO KNOW AT WHAT AMOUNT OF CONTRIBUTION BY ME BEING DELHI GOVT JVC EMPLOYEE (NO CONTRIBUTION FROM DELHI GOVET) I CAN GET RS 25000/-PER MONTH AS PENSION AFTER 60 YEARS I.E. AFTER 14 YEARS.

How much time this Rs 25000/-per month will continue!!
Shall I get Life Cover for some amount and what will be max

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171 Vikrant

I’m a private sector employee working as GM with JVC of Delhi Govt. My date of birth is 01/04/1965.
How much should I Contribute per quarter within 14 yaers ,( How much for tier1 and How much for tier2) so that I shall get min of Rs 25000/-per month as pension after attainment of 60 years of AGE. Will I get some lumpsum amount along with the pension?
Do I have an option to take a lumpsum amount or only pension or both?
What is mode of Payment to be made as premium & which Insurance co!
Also, I am professional as Engineer , If I continue my job after retirement, shall I get my pension!!
Is it home service!!

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172 jaisingh

Hi sir,
i m a govt servant having benefits of old Pension scheme.
I want to know-
i. can i register my self in new pension scheme while continuing with old pension scheme;
ii. what will be the contribution of Govt. if i make a contribution of Rs. 1000/-pm;
iii. can my spouse a house wife can also be registered under NPS, what would be the contribution of govt if she makes a contribution of Rs. 1000/-

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173 Amol

Hi,

I am having NPS, with pran number as well. I want to now that how will i get pin number so that i can see all details of my PF online.

Thanks,
Amol.

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174 Abhijit Bhattacharyya

PIN is sent to your residence by post. If you have not received it yet you may call NPS call center.

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175 Alok

I work in private college and am covered under EPF scheme. My DOB is 15/12/1967. The contribution to EPF is minimum by me as well as my employer (as per the maximum salary of 6500/- though salary is much more than this.). I calculated that with this I may get a pension of about 3808/- pm (max.) after my retirement at 60 yrs.
I want to open an NPS account also as individual citizen. Is it permitted as I am already covered by EPF scheme? If yes, then how much should I contribute towards Tier I & II to get a helthy pension assuming a realistic return.

Thanx in advance.

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176 Abhijit Bhattacharyya

Hi! I am a central govt. employee. In NPS, at present I have Rs. 6.0L and say Rs. 5400 PM is deducted and 5400 PM is contributed by Govt. Now if I retire on Dec 31, 2030, what will be my final accumulation if there is say 6% increase in salary per year, average 9-10% return from NPS and what would be my pension per month if I deposit 100% in annuity considering 9% inflation rate and say 6% return from annuity. Can you provide some formula with change in salary contribution? Thanks and regards, Abhijit

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177 HARJINDER SINGH KIRPIND, JAMMU

Dear Sir,
I am a J&K state govt. employee and my basic salary is Rs.13580/- and gross salary is Rs.24000/-. If the department deducts my 10% salary and the same amount deposited by state govt. under NPS, how much amount and pension i will got after subscription of 18 years, please advice me.

Thanking You,
HARJINDER SINGH

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178 sharad

my date of birth is 7-7-1971; i m emplyoed in Govt sector since jan 2005 contributing a varible sum i.e., 10% of my basic and DA, which was RS. 1127 in Feb, 2005 and now, in Nov,2011, it is Rs. 3,145, equal sum is contributed by the Govt.
what pension i will get at the age of 58 years.

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179 Hemant Beniwal

Hi Sharad,
I am really sorry but it is a time consuming process to calculate these figures. My suggestion is you should go through old comments to get some idea.

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180 Bikram singh

Dear sir,
I’m a govt. employee, my DOB is 20/03/1983, Rs 3100 is dedecting from my salarly pm, how much will I get at the time of retirement in cash & what will be my monthly pension?

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181 Alok

I work in private college and am covered under EPF scheme. My DOB is 15/12/1967. The contribution to EPF is minimum by me as well as my employer (as per the maximum salary of 6500/- though salary is much more than this.). I calculated that with this I may get a pension of about 3808/- pm (max.) after my retirement at 60 yrs.
I want to open an NPS account also as individual citizen. Is it permitted as I am already covered by EPF scheme? If yes, then how much should I contribute towards Tier I & II to get a helthy pension assuming a realistic return.

Thanx in advance.

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182 Hemant Beniwal

Hi Alok,
Yes you can open NPS account – as such there is no restriction. Contribution Amount should depend on your goals – use calculator available on this post
http://www.tflguide.com/2011/04/franklin-templeton-family-solutions.html

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183 nitin

Dear Sir,

I would liek to invest 10k everymonth in NPS. I am 33 years old.
Wat would be the amount that i would be getting after i am 60 years.
After i withdraw the 60% of the accumulated amount after , would the rest of 40% be paid as pension?

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184 Hemant Beniwal

Hi Nitin,
Remaining 40% will be used to purchase annuity – which can give you some amount.

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185 Sandeep Singh

Dear Mr Hemant
(1). I am working in Central govt and my TIER-I contribution is 2200 and 2200 by govt. Now i have to fill income tax return, so should i deduct the total amount i.e 4400 from my salary or i can deduct only 2200 from salary for income tax rebate.
(2). What will be my Gross salary for income tax return that include my contribution and Govt contribution also under TIER-I.
(2). How i can subscribe for TIER-II. What will be the procedure for that.

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186 Hemant Beniwal

Hi Sandeep,
According to earlier tax rules employee & employer contribution was part of 80 CCD – however, the aggregate deduction under Section 80C, 80CCC and 80CCD is fixed at Rs.1 lakh. Plus contribution made by the employer in New pension scheme should also be included in the Total income of NPS subscriber as far as calculation of income tax is concerned. But from this financial year employers contribution in NPS is totally exempted from tax so employee contribution can be used for sec 80 ccd & employer contribution is deducted from gross taxable income. This is something similar to home loan principal comes under section 80 C & home loan interest deducted from gross income.
You need an active Tier1 account to open a Tier 2 account. You can transfer money from Tier 2 to Tier 1 as well. Talk to your accounts department or check pfrda website.

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187 ABDUL NAEEM KHAN

mera pran ka a\c block ho gaya he.ab ise kholne ke liye mujhe kisase milna hoga.

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188 Hemant Beniwal

Talk to your Point of Sales.

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189 M K SIDDIQUI

benefits of life annuity with return of purchase price and without return of purchase price and its meaning

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190 Hemant Beniwal

Hi Siddiqui,
You purchase annuities with some lump-sum amount(purchase price) & there are almost 7-8 types of annuities (paying methods) – you have mentioned 2 of them
Return of purchase price – where annuities are given for certain period or till death & then lump-sum amount is returned back.
Without Return of Purchase Price – where annuities will be given till death & lump-sum(purchase price) will not be returned.
PS: I will try to write an article on this.

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191 Divakar

Hi sir i’m the govt employ. my cps deduction is rs 1456/- per month in my basic pay til two years & my D.O.B is 24-08-1987.howm纮

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192 Hemant Beniwal

Hi Divakar,
I am not sure what you want to ask.

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193 Tilak

Hi Hemant,
I am a private sector employee. My age is 33 years. This month I have opened NPS account with Auto choice and SBI as PFM. I have started depositing 3000 per month to my NPS account.

Q1. after attaining 60 years of age will I receive money as lump sum amount or I will get monthly pension.

Q2. As per guidelines, after after attaining 60 years of age, 40% of our withdrawn amount should be used to purchase annuity? what does this mean?

Q2. How much pension amount per month will I get for next 15 years after 60 years of my age?

Thanks in advance
Tilak

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194 velayat

refer to queiries of 64 and 65
that is nearly the same Q

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195 nitin

Dear Hemanth,

Please inform me on tax status for Tier I and tier II account.

If its taxable would still be a worth investment.

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196 nitin

Dear Hemant,

Is the follwoing statement true


Update: As per new notification by Finance ministry, under Direct Tax Code (DTC), NPS will also come under EEE and withdrawal will also be non-taxable from 2011. So New Pension Scheme could become the best long-term savings option.”

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197 Ajit kumar

Sir,
I am state govt. employee. my contribution is Rs. 2323 and govt. side contribution is Rs 2323 in tier I and how much i will get pention after 60% lumpsum amount withdrawan.
The amount contribution in tier II is income tax free or not under section 80 C.

Reply

198 tinks

Hi ajit,

I will like to answer 2nd part of the question the contribution under Tier II is tax free upto 1 Lakh.

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199 Kotaiah

Sir,iam govt employee my date of birth is 15/07/1977. my salary deduction is under nps Rs1800 per month. My retire ment is in2035.how much amount gain after retire ment.?i shall invest 15years how much amount gain per month?

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200 ABDUL NAEEM KHAN

Sir,iam Raj. govt employee(teacher) my date of birth is 14/07/1977. my salary deduction is under nps Rs2095 per month. My retire ment is in2035.how much amount gain after retire ment.?i shall invest 15years how much amount gain per month?my joining date is 15.03.2005

REPLY

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201 vikashsuman

i want to know my a/c view? how to see my a/c view on computer to which process?
my big problem.in my pran from available bank a/c no is wrong? than what will i do please reply me.my self vikram kumar from patna,bihar.right now i m employee in bihar police.

Reply

202 tinks

Hi Vikashsuman

You can view your account in computer only if you have opened the account with the bank in which you have online account as well .
You need to tell this to PFRDA about the bank account & do provide with the correct bank account details.

Reply

203 ABDUL NAEEM KHAN

Sir,iam Raj. govt employee(teacher) my date of birth is 14/07/1977. my salary deduction is under nps Rs2095 per month. My retire ment is in2037.how much amount gain after retire ment.?i shall invest 15years how much amount gain per month?my joining date is 15.03.2005

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204 dr Rajesh Kumar Gupta

dear sir,
I have worked as an associate professor since2007 to2011 in Govt. Autonomous Astang Ayurvedic College Indore M.P. I did not get the reapplied pran kit till today.But the employer was deducting contribution every month. I have resigned from the above said institution on29Jan.2011. I have joined Rajasthan Ayurveda university Jodhpur on 31 .1.2011 and I got new pran no. in Rajasthan. Hence I want to withdraw the amount from N.P.S.scheme of M.P. Kindly, advice me the procedure for withdrawal .

Reply

205 Deepak Kumar

sir
my pran kit has not received yet although registeration is made in month of july’11.
plz provide me the knowledge of its becoming so late.
Thanks

Reply

206 tinks

Hi Deepak,

You can contact in mumbai office or in mysore office.

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207 Arvind kumar

Sir i am central govt employee and i have a pran no. But if i left my present department without proper channel or noc and join other govt deptt so nsdl issue me new pran no. Or not please give me the best way.thanku

Reply

208 Prasad

I am also facing the Same problem..I am central Government employee form March 2010 and 10% is being contributed for NPS recently I received PRAN number but not received PRAN card…Now I am moving to other Central Government Department not in proper channel ie., without applying NOC .Now I resigned first job and Joined in another Department Now my query is 1) Can I withdraw the amount contributed to NPS in my first job??
2) Can I continue with the old PRAN number or I have to take new PRAN in the second department?? ( I havent applied through Properchannel)
3)Do i face any problem in future If I continue with the PRAN number received in first department??? Please reply me

Reply

209 Puneeta

I’ve same prblm & same queries.

Reply

210 amareesh verma

my problem is same give me suggetion

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211 Rinku Dutta

I am a service holder in deptt of posts since january 2010. presently my deduction towards NPS is Rs 1700 per month. My date of birth is 01/03/1989 then how much I would get as pension at age 60? Will it gives me in lumpsum or monthly? I also want to open a tier2 account. Pls tel me about its benifits.

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212 Rinku Dutta

I am a govt employee contributing Rs. 1700 +1700(govt)per month to nps. My age is 24.How much pension i will get on retirement if i don’t withdraw anything on retirement. How much i will get if i withdraw 60% of my amount on retirement

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213 M K Matolli

Sir,
Whether State Govt employees can claim Sec 80 deduction in respect of contribution to NPS ?

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214 T K Das

Dear Sir,
My date of Birth is January 1963, after 16 years of service in the Army retired with pensinary benefits on 2000. Now I have joined the Cabinet Secreatiet on November 2011. Please suggest me whether I will go for New Defined Contribution Pension Scheme, or should take option for retirement benefits based on combined military and civil services in terms of Govt. of India decision No (1) below Rule 19 and Rule 54(13-a) of CCS(Pension) Rules 1972. Sir, suggestion for the above may also be sent to my E Mail address is tapan0000000

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215 Manmadhan Nair MK

Sir,
I have joined in central govt service on 1st Nov 2007 with a pay scale of 5200-20200+2800. My retirement date is on 30 Nov 2014. As per NPS how much pension shall I get on retirement ?

Reply

216 Himansu Sekhar Sahu

I could not open my ID, on opening it wants 8 characters pass word but I have not the same what can I do?

Reply

217 vadlakonda swamy

sir I got my number by my e-mail & mobile with 110051806521 on 22/09/2011. but i have not received my PRAN KIT.I ask nodal office.but they reply not received PRAN KIT .what i do?

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218 Anil Gajjar

I am working in private trust hospital. My date of birth is 30th May 1967. I am investing more than 1 lacks per anum in LIC and PPF. I am paying tax more than 1 lacks per anum. Should i join NPS?

Reply

219 gururaj

I am working in private compan. last six month back i have opened NPS Tier-I
account. I want to check my balacne status. ( i have PRAN number) How can i check through Internet.

Reply

220 manoj kumar yadav

sir.
I am contributing rs.3000 pm. and my date of birth is 04/05/1979. what amount i will get as pension at 57.

Reply

221 Rohit

Hi Hemant

I have a question about the functioning and return from NPS

I have an NPS account since Dec 2010. I have invested over 2.5 lakhs in past 18 months in my account through SBI PFM. All I have seen so far in has been the fluctuations in NAV.

I am unable to understand how my money has grown in these months with SBI-PFM. If I were to invest the same amount in FD I would at least received some return, but through SBI-PFM I have not seen any returns so far.

NPS website say the following:

“The return under NPS is market driven. Hence, there is no guaranteed/defined amount of return. The returns generated through investments are accumulated and is not distributed as dividend or bonus.”

My concern here is that I have not seen any returns in any form since I opened this account. Market driven returns should still mean that there will be some returns (less or high) depending on how market performs.

Secondly as mentioned on the NPS website, “returns generated on investment are accumulated and not distributed”. I want to know how they are accumulated, how do I know how much is accumulated for me, and where can I check this.

I am not able to find any of these information and guidance so far on these issue on your or NPS website.

I was wondering if you or anyone could give me some information in this regard on how my money grows in NPS.

Thanks
Regards

Reply

222 Mujib

My age is 36 yeras now. I need a pension of minimum 25ooo after my retirement. Can I get that through NPS. How much I need to invest per month to get 25000 per month starting from age 61?

Please let me know

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223 vinay

I am working in MNC (It is a pvt ltd). Our employer is ready to contribute 10% of basic into NPS but some employees are not accepting to keep net monthly pay low(take home). Their version is they want to get more in-hand salary as their tax bracket is in 10%. Is it possible that company designs salary as flexible. Where some people can opt for NPS for one fiscal year and some people are not opting for it.
Example: Two employees X and Y have same CTC and get net monthly pay same. After NPS contribution employer is paying Mr X a salary (Previous salary – 10% of basic) and Mr Y is getting same salary (Previous salary).

Is it feasible in our organization?

Reply

224 ravi

my contribution in nps is 1795/- & i am 28 year old then what will be my accumulation at the age of retirement.

Reply

225 priya

Hi Hemant,
Iwant to know what POP-SP (Point of Presence Service Provider) is . Actually my I-PIN is blocked and i want to obtain a new one. The form says that the “form for re-issue of I-Pin” is to be submitted at the POP-SP. Now, i cannot find out what this one thing is.
Please help.
Priya

Reply

226 Hemant Beniwal

Hi Priya,
It is the intermediary like ICICI bank or CAMS.

Reply

227 priya

Thanks Hemant.
In my case, how do i get to know which is the one?i mean will my office be knowing it?

Reply

228 Hemant Beniwal

Hi Priya,
Ask your accounts or HR department.

Reply

229 priya

Hi Hemant,
One more query….If working in an office,then do we have to proceed through DDO or can we approach POP-SP directly?

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230 khushi

dear hemant
I am working at a private firm,salary 19,000pm.how much should i contribute to earn 50,000 pm as pension after 30 years?

Reply

231 anver

my pan 2008108500100135 and pran 110030613891. Total balance of my account is not knowm till date.I am 54 yeards old worked as LDC nodal office till 2008. After that I have merged to Govt Service and started to NPS.what our position

Reply

232 anver

my pan 2008108500100135 and pran 110030613891. Total balance of my account is not knowm till date. Have please?

Reply

233 Rodney

hi i am working as a teacher,i won’t be getting any pension from the gov,so i want to invest for my pension.i would be comfortable saving Rs4000 per month,my birth date is 15aug1985,how much pension do you think i can get? i want the pension for life.

Reply

234 Firdos

Hi I am state govt empolyee, and my DOB is 15/01/1979 and just receive PRAN application form to submit.
Please help me to decide the best scheme for me.

Reply

235 Ranjan Sarangi

Dear Sir

My MOM is doing business, for pension plan , she wants to invest, her age is 44 right now, she is willing to invest 700 p.m. . Can anybody calculate and tell me what amount of return she will get permonth as a pension in her old age.

Ranjan Sarangi
Son

Reply

236 Vikrant

I’m a private sector employee. My date of birth is 10/06/1965.
Do you advise me joining NPS at this age as I will retire in 2024?
If yes then Ican contribute @max Rs 8000 per quarter up to 2024( Rs.5000 for tier1 and Rs. 3000 for tier2) then how much I would get as pension when I’ll attain the age 60 i.e. in year 2026 assuming CAGR of 10%?
Will I get some lumpsum amount along with the pension?
What would be the lumpsum amount for tier 2?
What minimum balance that needs to be maintained at the end of each financial year in tier 2 ?

Reply

237 avinash

i am employee of state government.date of joining may 2011.
i would like to contribute more amount in new pension scheme (in addtion to 10% of regular deduction).
is it possible?
in what way it is possible?

Reply

238 RAHUL SEN

I am an employee of corporation bank now we are opting for NPS
i one query right know i m working wid govt bank what will happen to my contribution and banks contribution when i switch to some other private company which is having no pension plan only having pf then my pf will be transferred or not …..

Reply

239 Hemant Beniwal

Hi Rahul,
As you mentioned as your present arrangement is defined contribution (my contribution and banks contribution) – this can be shifted to new employer’s.

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240 N k sharma

I m looking for the actual formulae with required input clearly defined.This will enable us calculate the probable amount one will get at 60 yrs of age.Regarding making a contribution towards NPS we understand we need not contribute anything.We work in a Maharatna Energy PSU and contribution towards NPS will be made by employer only.It will be a great help if u provide the right formulae.thanks

Reply

241 Prasad

Sir, I am a State Government employee form august 2010 and 10% is being contributed for NPS recently I received PRAN number & PRAN card…Now I am moving to other Central Government Department not in proper channel ie., without applying NOC .At Present I resigned first job and Joined in another Department Now my query is 1) Can I withdraw the amount contributed to NPS in my first job??
2) Can I continue with the old PRAN number or I have to take new PRAN in the second department?? ( I havent applied through Properchannel)
3)Do i face any problem in future If I continue with the PRAN number received in first department??? Please reply me
PRASAD

REPLY

Reply

242 hema

Hi, I am self employed female at the age of 36 years. I have few queries regarding NPS tier II account if possible, please clarify

Can we invest any amount or we have to provide them the fixed value like for month i deposit 3000 and in another month i deposit 10,000 is it viable in this scheme or not ?

What is annuitisation of pension wealth please elaborate in simple language. say if the total amount on maturity is 20 lacs then how much amount I can withdraw ?

If I wish to withdraw money after 5 years from tier II account in which i have submitted @5,000 p.m. then what would be approximate value of this amount after five years and what percentage i can withdraw

Regards

Hema

Reply

243 Y S RAO

I AM WORKING IN VIZAG STEEL PLANT. AGE- 52 (Date of birth -11-02-1960) please suggest a good pension plan

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244 Suresh Chandra Yadav

I am teacher in KVS . My date of birth is 28 december 1958. After retirement at the age of 60 years how much amount will i get? And How much monthly pension will I get . My monthly subscription is Rs. 2663/ from my salary and is being paid from KVS. At present as on 31 jan 2012 amount is Rs 302298/- Thanks

Reply

245 Binod kumar

I have changed my job and suppose i want to continue my contribution is it possible ?
suppose i have put up 2 years of service in other organisation can i restart it with giving whole amount at a time?

if suppose my lemployer directly subscribe to nps and my contribution goes t0 my account without any correction is it necessary to change the new employer details?

if i want to withdraw the whole amount can I ?

as my age is 40 years is it good for me to join or it is compulsory ?

I was in central governmetn job and I had resigned after that I joined the state govt. job but o contribution hav been deducted since last two is it possible for us to deposit the whole arrears at a time?

for operating old pran no which is blocked what I shal have to do?

Reply

246 Binod kumar

the above commets may be replied please as it is very necessary for me

Reply

247 murugesan

i am govt employee..i am now paying Rs 4000 /monthly(excluding employer contribution) as a NPS. my date of birth is 30/07/1984.what would be my lump sum and pension at exit of my service.please answer to my mail too.
Thanks

Reply

248 Ramesh. Bedwal

In pran kit my ddo code is wrong
My pran kit go to wrong ddo
what I do now

Reply

249 Prodip Kumar Barat

D/Sir, If a subscriber contribute Rs.100/-per month from age 35years ,then how many amount of pension per month he/she will get from age of 60yr.
And annual report of the account(pran) can he/she get!

Reply

250 hema vishnu

i am primary school teacher. govt emloye. my basic is 7275. When i am appointed at that time my age is 22years.How much amount i will get at retairment and what are other facilities i will get

Reply

251 pramod

My mother has not received pension for the past 3 months. it gets credited in Bank of India on a monthly basis. Also Bank is not replying on the issue.

Reply

252 Vivek K

Please give a written complaint to the branch manager and retain a copy for your records. If you don’t get a reply within 15 working days, write to the senior manager [if the post exist] or write to the regional manager. You should get a reply within 15-20 working days.

In case you don’t get any response from regional manager, you can approach banking ombudsman with all the evidence of approaching bank manager and regional manager. Also, save and attach any responses from the bank on this matter.

It is slow process so be patient and persistent, you will find a solution.

Reply

253 Priyasish Dubey

D/Sir
i contribute Rs,889 p/m same as govt. contribute. My date of Birth is 15.11.1961.Contribute started from Nov’2009.How much i will get pension after withdrawal of 60%.

Reply

254 RamBabu

Dear Sir/Madam,

I want to know the Monthly pension policies available in India.
How much money to be spent for getting monthly pension around 20000per month. Is there any policies available.Please suggest me.

Rambabu.K

Reply

255 abdul aziz

dear hemant; I joined s ervice in august 2004 im a gIovt employee since then then I come under npese sche me.n can I take so money as advanc

Reply

256 LANUWAPANG

i am a govt. employee and have been deducting for NPS since june 2011 but yet to apply for PRAN. Will my past deductions added in my future deduction when i got a PRAN?

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257 Rakesh kumar chaudhary

Sir,
I recieved my pran no. and ppn no. now pls guide me how I can check my bal in my account

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258 rajendra gavhale

Sir, I joined CENTRAL GOVT. Service on 15 Dec, 2004. Due to personal problem, I resigned on 16 Aug , 2007 from Central Govt. duties. During this tenure of service I contributed from my salary as contributory fund under New pension Scheme. Now, since I resigned from service, How can I get that fund ? What to do ? Is there any order exists for this ?

Reply

259 ANITA KUMARI

dear sir,

pls tell me my penssion money in my a/c. no is-110081000000.pls give a details.

thanks

Reply

260 samata

hello sir,
i am central govt employee joined in sep 2006 under nps… my nps deduction was started from dec,2007.. i m in loss of management share..since from my joining.and through out year same deduction is made from our clearks… now what to do..
please guide me… regarding the period from sep2006-nov 2007,, what to do…
thanks and regards
samta

Reply

261 Ravi Mohan

Hi..i am working in Canara Bank. Around 2363 amount is deducted towards NPS each month.My DOB is 17/04/1989. Can you tell me how much will i get as pension after 60.Also can you provide us the method of calculation.

Reply

262 manish

hello sir,
i am a government employee and contribute Rs 2850 p/m to nps my d.o.b. Is 13/05/1990. What would be my lumpsum pension after my retirement

Reply

263 rajiv ranjan

sir
i want to know that if i change the job.after that my balance amt rtnd or not.

Reply

264 Waiz Muzamil

definitely

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265 raju kumar

1. sir,i am govt employee i want to know that if i leave my job after 10 years and that time my tier-1 amount (myself contribution+govt contribution) is approx 8 lacs,what will i get that time? please tell me in details (in precentage and amount also)

Reply

266 raju kumar

1. sir,i am govt employee i want to know that if i leave my job after 10 years and that time my tier-1 amount (myself contribution+govt contribution) is approx 8 lacs,what will i get that time? please tell me in details (in precentage and amount also) 2.in swamy handbook i read that after attaning of 60 yrs of age (retirement age) employee receives 60% of the wealth and 40%of the wealth will be given to IRDA regulated agency and it will provide pension. pls tell me the ratio of 60 and 40 is on both contribution or only govt contribution. i request you to tell me over my phone for my better understanding. my no is 09716585620. thank you

Reply

267 raju kumar

regarding to 2nd comment i will retire in 57 years of age (because i am member of paramilitary force).how it will applicable on me.

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268 rajendra gavhale

Sir,
I have PRAN No. 110031396076. I have declared my nominee my mother. Now I am married person and I have to modify my nominee as wife. Is it possible? What is to be done ?

Reply

269 Waiz Muzamil

Yes dear it is possible to change ur nominee by filling a change nominee form sent it to NSDL. Form is available on NSDL site.

Reply

270 Shrawan Kumar Pathak

Dear Sir,
My PRAN No is 110051752086. I am retiring on 28.02.2013. Please let me know how can I get my pension and other benefits after retirement.

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271 MOHAMMAD SHADAB

i am a central government employ since january 2008
my date of birth is 22.04.1970
i have applied for PRAN registration in 2010
but did not get the account no. till date
plz tell me what to do?
and what about my deductions already made?

Reply

272 Waiz Muzamil

log complaint against CRA from your friends PRAN No. then they will inform u accordingly and regarding your deductions no problem any pre-deduction will made don’t bother.

Reply

273 ram lal

late smt. shanti was central government employee
she died after completion 6 year service
her dependent get any pension/family pension

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274 Waiz Muzamil

Please tell me Srinagar where is NSDL office so that i will activate my Tier II

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275 Waiz Muzamil

Mr. Hemant after the activation of Tier II how will i withdraw my money and in last but not least tell me after my retirement i will receive 60 % of my amount and 40 will go to the IRDA which i may get monthly, but tell me what will happen if after retirement i may die what will happen of my money?

Reply

276 Hemant Beniwal

Hi Wazi,
Amount will not go to IRDA – PFRDA is lining few companies for Annuity so you have purchase annuity. Annuity are of 5-6 types so you have give a choice regarding type of annuity. Few of the annuities give return of premium to family members.

Reply

277 gururaj

Hi Henmant,

i am working in private company last year i have opened Tier-I yearly i am depositing Rs 6000/-, my DOB is 1977, after 60 how mucch pension i will get.

Reply

278 Mangal Prasad Manmode

I am an adhyapak in MP my NPS contribution is continue from april 2011 Please tell my current status . PRAN kit is not available .

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279 yeddulapallisumathi

I worked in an University under the Govt . service for a period of 2 1/2 years during the period of which gotb 10% of my Basic +DA got deducted from my salary towards contributory pension scheme.Now, after Two and Half years i resigned my job due to some reasons and now i would like to get it refunded. what is the procedure to be followed for that and how much of money can be expected from this.

Reply

280 B Chandrashekar Reddy

Sir,
My date of birth is 20 Nov 1966. I am retaired from Armed force in 2007 Dec and re employed in railway departent on 28 Apr 2011. My monthly contribution is rs 1155 and incrise after every six months.After retairment can i get commutation and gratuity benfits and how much retairment pension at the time of 60 years age.

Reply

281 Dharamveer Singh Panwar

Sir ,
I have served in CRPF. since 2006 and my Pran card no. is 110070101741 .
But I am not receiving the Pension Statement via Postal/Telegraph service at my home address – Singal Mandi III , Kargi Road , Dehradun , Uttarakhand , PO. GPO. .
This service I am not receiving since 2006 . Please send my pension statement at my home address .
Thank You
Dharamveer Singh Panwar

Reply

282 Gaurav Chauhan

i m gov. Employee in ordnance factory hazratpur .i m also in nps scheem. I want to ask , ?can i draw my nps envest money in middle ya any time if yes then how?

Reply

283 Hemant Beniwal

Hi Gaurav,
Government employees can exit after age of 60 years from Tier I scheme and it will be mandatory for them to invest 40 per cent of pension amount to purchase an annuity through a life insurance company. In case a member wants to leave NPS before age of 60, the mandatory annuity will be 80 per cent of the pension amount.
• Tier I: Mandatory no withdrawal pension account—Monthly contribution will be 10 per cent of basic salary and equal amount will be deposited by the Government. This amount will be kept in a non withdrawal Pension Tier I account.
• Tier II: Voluntary withdrawal savings account—It will be voluntary Tier II withdrawal account from which individuals can withdraw money anytime. There will be no contribution from the Government in this account.

Reply

284 manish

hi hemant
i am a central govt employee my monthly deduction for nps is 2000 approx
i am retiring in 2045
my date of birth is 1985
i joined services in 2009
what will be my pension at the time of retierment and what total amount i will get lump sum and for how many years govt will pay pension to me.

Reply

285 Suresh Yadav

Respected Heamant Beniwal

Sir . Greeting as applicable as per time . I am ex serviceman of Indian Air Force and presently I have been serving as KV teacher since 02 May 2005 after completion of pension benefit and I took discharge on 30 Nov 1999. My date date of birth is 28 Dec 1958. PRAN account no. 110081404214 and contributing Rs 2663 as on Jan 2012 an d balance in PRAN a/c is Rs 307398 as invested . How mch pension I will get after attaining 60 yrs?. Since I will be getting increment on every July in every year. My contribution would also increase accordingly. My present basic pay is Rs 16140/ as on date. kindly tell the amount expected to get after 31 Dec 2018 after retirement . Can I be eligible for old pension scheme. I was serving as JWO of X group in IAF?

Reply

286 parddep kumar

i was joined the delhi police in 2006 i want to know my pran balance how i can do this

Reply

287 RAJAN

Hello sir,

I want to know the total amount received at that time of my nps amount. my dob is 03-03-1982 my grade pay is 2800 now i am working in delhi high court please tell me how much money i will get in new pension schme after my retirement.

Reply

288 RAJIV

Sir,
I am working in a non-life general insurance PSU and now after 2 years of service intend to join anothe PSU. I have been contributig towards NPS deduction. I have not received any PRAN No. from my employer.
Now I want to transfer the same NPS A/c to my new employer, How to do the transfer.

Reply

289 raj kapoor singh

sir, i m a govt emp since Nov 2008 and presently contributing towards NPS Rs. 2050 and Govt also contributing equally.My retirement is in year 2043. Sir Can u tell me that what pension i would get at my retirement.

Reply

290 B. chandra shekar reddy

Sir,
I am ex-services men from Indian army retired on 31 DEC 2007 ,re-employed in south central railway wef 28 April 2011 . i have contributed Rs 1200 per month and same amount contributed by government . my date of birth is 20-11-1966,can i get retirement benefits like commutation gratuity . what monthly pension i will get after retirement . I have joined in new pension scheme tire-1 pran id no is 110001435369.

Reply

291 karam singh chauhan

sir,
plz help me iam railway employee hving section engineer post. since 7 may 2007. there was a bond of 5 years inwhich it was mentioned that if you resign before completion of 5 years service then u have to submit tranning period stifund. i completed 4and half year after that i encounterd some family problem now i want to resign .then what will happen of all ruppees which i have paid app.2500 per month in service period?

Reply

292 prince

Mr. Hemant please tell me after the activation of Tier II, will Government stop to contribute or will continue? please tel me

Reply

293 arvind kumar

sir, i want to know that why nsdl is not approve the second new pran no.

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294 madhu

sir, i was an employee of kendriya vidyalya sangathan since 2008 and i resigned from my post in 2011. during my service i continuously contributed towards nps. i was alloted my pran no. also. now if i wish to get my money that is invested to be returned, what is the procedure .
please guide.

Reply

295 yamini krishna chhattar

hello sir i am govt. employee.hmri 1st job 2007 se hmra cpf deduct ho rha tha jbki hme PRAN no. allot ni hua tha PRAN no. hme oct.2010 m allot ua tha. jo dedutction hua h wo hme milega ya ni.1 more question sir hm apna PRAN no. ka passward bhul gye h uske liye kya krna hoga plz help because uske karn hm apna a/c check ni kr paa re h

Reply

296 prince noor

yes u can contribute ur pending amount but u too have to contribute for the pending months and government too. koi baat anhi aap NSDL se form download karo and send to it to the NSDL office and they will allot u new password. and dont worry every thing will be fine. Take care

Reply

297 kirti

Hi’
I am a govt. employee I want to know that the govt. contribution should be added to total pay for calaulation of IT and the same along with the individual comtribution be deducted from 1 lac rebate?

Reply

298 sunilkathait

hello sir i am govt. employee.meri 1st job 2006 se mera cpf deduct ho rha hai. aur mera PRAN no. 110030986008 hai . jo dedutction hua h wo hme milega ya ni.1 more question sir mein apne PRAN no. ka passward bhul gye h uske liye kya krna hoga plz help because uske karn hm apna a/c check ni kr paa re h

Reply

299 s purnima

i have a PRAN no 110050928253 i have subscribed Rs 6000 last year but my account was frigged how my account will be opened please let me know

Reply

300 Jitendra Kumar Nirala

Sir , I am a Government servant. and my PRAN No is 110060021820.
I want to know that can I change my personal details like Bank account no., contact no. etc? If yes then How ?
and my second Question is – Can I withdraw some amount from my deposits ? If yes then How ?

Sir , Please reply me as soon as possible.
Thanks………..
From – Jitendra kumar Nirala ( B S F )

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301 prince noor

yes sure dear u can change ur all details by filling a form download it from NSDL site and u can with draw ur money by filling up a S 10 form and send to the NSDL office.

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302 rafiq

i am a govt employee,govt is deducting 3400 PM from my salary since jan. 2012 . my DOB is 26.11.1973 & i am going to retire on nov. 30.11.2031 . can u plz. tell me how much i will get on my retirement.

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303 mohammad rafiq dar

i am a govt. employee&govt is deducting 3400PM from my salary since jan. 2012. my DOBis 26.11.1973 & i am going to retire on 30.11.2031 . can u plz tell me how much i will get on my retirement

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304 virander sharma

sir , curently i am working in psu and now changing my job to private sector,i already have nps account,so can i now convert it into tier 2 or what to do?

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305 Pintu Sadhukhan

Dear Sir,
I am private employee, My DOB 11.02.1982.
I will invest to NPS, Monthly Rs !000/- after retire i e age of 60. ,
can u plz tell me how much i will get on my retirement
& also said State Bank Of India is the enlisted ihe nps scheme
and send a list of enlist banks name of Hooghly District under west Bengal

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306 Krishna Kumari

Hi Hemant Beniwal,

I am a Private employee and a member in NPS since 2009. My date of Birth is 30.05.1969. I have deposited around Rs. 90,500/- in Tier I. After 3 years NPS account showing Total Amount is Rs. 95412/- . I have selected SBI Pension Fund and the percentage is SM001003 is 45% , Sm001005 is 35% and SM001004 is 20%. Now you please inform me the percentage I selected is O.K or not. If need any change where I increase the percentage.

Thanks and regards
Krishna

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307 Visheesh

I am availing a tax deduction of Rs 100000 under ELSS and life insurance premium. Can I avail an additional tax deduction by investing in NPS?

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308 Parshotam Lal

Sir,
My friend who joined Pb.Govt. service on 1-4-2011 died on 31st May,2012. He was covered CPF(contributory Pension Scheme effective from 1-1-2004. Is Family Pension is admissible to the wife of deceased and what other benefits are available.

Thanks

Reply

309 r k singh

I have two PRAN of two department and there are several my friends who have got two PRAN due to cange of job and and in sufficient information available to ground level in govt deptt. Sir, i want to know that whether it is possible to transfer the amount of one PRAN to another PRAN. Is there any guidelines issued by PFRDA/NSDL/Fin. Min ?

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310 manpreet singh

respected sir,

i m a govt. employee in market committee , punjab mandi board . a state government department.
my date of birth is 20-06-1984 and my date of joing in service is 13-2-2008 and now i m contributing rs 2400. per month as cpf in nps . my grade is 10300-34800+3600 now. pls tell how much i get pension at my retirement time at 58 age.
and also tell from where can i get the format of cpf ledger for nps of employee contribution . our department has no format to maintain the cpf contribution of new employee so pleaese tell how can i get the cpf ledger format or form
with thanks .

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311 Krishna Kumari

Last month I deposited Rs. 12100/- in my Tier-1 account, but now my account reflecting the Amount received only Rs. 12062.75/- , where go the balance amount of Rs. 34.25. According to till date I thought Only Rs.10/- + service Tax is deducting every transaction. Now you please inform me any charge revised or not.
Krishna

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312 Manoj Kumar Nahak

Sir, I am a defence pension holder and again joined the govt. service. Then, is it necessary for me to opt NPS or I m not eligible. please notify me very soon.

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313 Roshan Kr. Thapa

Dear Hemant Sir,
I work in the State HRDD Dept. We ‘ve been asked to urgently fill up our PRAN forms and my knowledge for the NPS is nill. Could you pl. help me to invest my money wisely. my Pay Scale is 11010 – 4200 -15210. Which Schemes and what percentage should i invest in to secure myself and my family in future?
Anticipating for your riciprocal.

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314 VIVEK

Dear Hemantji,

I am working in a general insurance PSU under Ministry of finance.
My age is 28 and my initial basic was Rs.17,240/- which started in July 2011.We are also covered under NPS.Our DA keeps getting revised every 3 months.Could you please let me know what minimum pension will i get after retirement.

Regards
Vivek

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315 prasad

I have resigned from govt job in march from postal department after serving two years ..can i withdraw the nps contribution ??if so pls share procedure …now i dont want to continue that account ..I have only pran number with me i dont have any user id and password or pran card issued…

Reply

316 dinesh padole

i want to draw money from nps.

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317 Shree

One of the official appointed during Jan-2009 resigned for job on 16/12/2009. She is claiming refund of the contributed amount. How to process her claim? Kindly clarify.

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318 dayanidhi mahalik

sir,i joined indianrailway on09/june/2004 & resigned on04/jan/2009.i had regular deductions upto resination.i have my PRAN NUMBER-2004500700500123.MY DDO-SR.DPO CHAKRADHARPUR,PAO-SR.DPO SOUTH EASTERN RAILWAY,CHAKRADHARPUR-prAO-FA&CAO,SE RAILWAY,KOLKATA.i have txn statement upto 31/july/2010.kindly GUIDE THAT HOW CAN I GET MY PF COUNTRIBUTIONS.

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319 mahesh kumar patel

dear sir
please guide , our account in tier 1, i am private employee.
how to the process for transfer at our account in tier 2.

thanks.

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320 Ashish Kumar

sir, i am doing job in centre govt., i have pran no. and now i want to join a state govt. job. i want to know that my pran no. will be same or changed ? Please notify me
thanks

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321 chetan arora

sir i m a haryana govt. employee and my basic is 10230+4600 mean 14830.my date of retirement is 31/08/2042 and our D A increases after every 6 months.and i have a tier-1 account and according to rule our contribution in pran is 10% of basic+da. so i want to know that at the time of retirement how much i get lumpsum amount and how much as pension per month

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322 chetan arora

sir my friend was an ex employee in delhi police and he worked there for 3 years and contributed in nps now he resigned from there and joined haryana govt. so tell me the procedure for withdrawl that contribution for that 3 years.

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323 Navnath Gawade

I am a State Govt. employee. I joined to my service on 23/06/2008. From July, 2008 salary a sum of Rs. 1700/- is deducting by my employer. My date of birth is 16/06/1983. How much amount I can got after my retirement and also how much pension I can got per month after 60 years. Please clarify.

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324 kamal kishor

I am a central govt. employee. I joined in DAD on 21.06.2004 as a LDC. In december 2010 I technical resigned from that dept. and join the Income tax dept. as a tax asst. on lien. from june 2004 i regular contribute the nps amount till december. after leave the dept. my nps amount not trasfered to nsdl account. sir please suggest me . for the transfer of that amount.

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325 Krishna Kumari

Sir,

My DOB IS 30.05.1969. I have joined NPS in 2009. Every year I want to deposit Rs. 30000/-, When will start my pension? and how much pension I shall get that time?

Reply

326 sir pratap singh

Dear sir, me rajasthan state me year 2005 se goevt. service me appointed hu. per month cpf ka dedduction ho rha hai,latest dec.2011 se pran no. issue ho gaye hai,aur per month ki detail bhi mil rahi,please muje ye bataye ki sept.2005 to nov.2011 tak ki detail kaha aur kese milegi,jara bataye sir………..

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327 mohan singh

i am working in delhi govt. one employee has been expired on 05-07-2012 and she was joined Delhi Govt./NPS on 2008, how can i/whom file the paper of withdrawal

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328 Puneeta

Dear Hemant ji
pls rply a query which belongs to many others also. …
I filled pran form in my earlier job which I left before completing 6 months. so no deduction. but I dont know that the number was generated or not? It’s been 2yrs,no info related to this I am having. I joined new job without Noc. I shud give undertaking dat I havenot filled the form ever earlier?

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329 Puneeta

Plz tell if the pran no. is generated after first deduction only.? or it may has been generated if the form was filled by my in previous job,although no deduction yet made.

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330 RAJENDRA GAVHALE

Sir,
I did Govt. Job almost for 3 years, after that I resigned from service. During this 3 years, some amount was deducted towards NPS. Now since I resigned from service How can I get that money ? Please guide me.

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331 Manpreet

I m a state govt employee from 13-2-2008 my dob is 18-06-1984 now i m contributing 2300+2300(govt). Plz tell me how much i get on my retirement on 58 years of my 60% share and how much pension will i get? And what it equal to todays pension? With thanks. Manpreet singh

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332 Krishna Kumari

Dear Sir,

Please inform me the Bank charges of every transaction in NPS.

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333 hari

For each transaction 10Rs will be charged

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334 Krishna Kumari

but in my one transaction they will charged Rs. 34/- why they charged excess.

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335 Kuashal Gandhi

Dear Sir,

I have three questions regarding NPS as follows:

1. Can rate of return be same in both Tier 1 and Tier 2 Account?
2. Will 80C benefit avaialble if I contributing in Tier 2 Account?
3. I am already covered in Provident Fund Scheme, So whether I am eligible for Swavlamban Yogana under NPS i.g. Central Government will contribute in My account of Rs.1000/- subject to my Contributions together both in T – 1 & T – 2 Account.

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336 Kuashal Gandhi

Dear Sir,

I heard from one of the agent of Bajaj Capital that Central Government has stopped Rs.1000 contributions to NPS account Holder from this year, Whether this is correct or not?

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337 Shamim Ahmad

i have forgot my User ID and Password ,how i can take from

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338 shashikala.m.s

sir I appointed in 2007 may,now 2000rs is deducted from my salary for nps scheme.I am tier-I schemer weather tier-I or tier-II is beneficial.how much I will get(60% of lum sum amount) at the time of retirement,& how much is pension amount for me for month.

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339 Hem Raj Koundal

Dear Sir,
My PRAN No is 110081125040. I am retiring on 2032Please let me know how can I get my pension and other benefits after retirement.

HR Koundal

Reply

340 swapnali bhandare

Hello Sir,

Recently i have join Central Govt. job. they activate my PRAN account. from when they will start deducting money from my salary. & how much?
right now i am working as temporary employee so that plan will change in case after permanent.
that amount will deduct from salary or extra amount added to salary & then they will deduct kindly explain me

Swapnali Bhandare

Reply

341 Sujit Kumar Gorai

Dear Sir,
I am a Central Govt. employee & subscriber of NPS. My PRAN No. is 110080646961.My CPF contribution started from Oct’09 @ Rs. 889/-per month @ gradually increased DA twice in a year and annual increment every year. Govt. also contribute the same as mentioned above (DA & Increment). Now let me know how much I will get the pension after retirement if 100% annuity purchased by me.

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342 Sujit Kumar Gorai

Dear Sir,
I am a Central Govt. employee & subscriber of NPS. My PRAN No. is 110080646961 & My date of Birth is 05.01.1964. My CPF contribution started from Oct’09 @ 889/- per month and gradually increased twice in a year when DA is incresed and once in a year when annual increment is increased. Govt. also contributed the same (DA & Increment). Now let me know how much I will get the pension after retirement.

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343 ashish

hey hemant. I am a govt employee, paying 3579 rs in nps since april 2012, i am going to retire in feb 2046. Will u tell ,hw much pension i got,if i choos 15 yr annuity or if life annuity. No withdrawl of money shoud done. Thanking you

Reply

344 velayat

hey
1) i joined nps in apr 2011 and am retiring in 2033 my monthly contribution is 10000 , and might get 7th and 8th pay revisions , how much will i draw at superannuation . will i get whole amount or only 60% , and what about rest 40% and or how much pension
2) and for how long after my retirement
3) is there any calculaor
thanks

Reply

345 velayat

kindly reply my query

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346 velayat

what is the procedure for tier 2 and when can be this started , is some interest given upon that .
after retirement how will be money withdrawn

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347 krishnakesavan

hello sir,
I am a centl govt employee and I have recd investment statement through cra as well as my ddo. but i have not received my original pran card from cra. How can i get my pran card and to whom i conduct to get my pran card kindly reply me sir.

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348 suman

Hemant Sir,
I am Government employee I received PRAN number & PRAN card…Now I am moving to other Central Government Department not in proper channel . now I m resigning from my present state govt. job Now my query is 1) Can I withdraw the amount contributed to NPS in my first job??
2) Can I continue with the old PRAN number or I have to take new PRAN in the second department?? ( I havent applied through Proper channel)
3) and If i continue the old PRAN No. will my new employer will be able to know that I was working in Govt. sector before?
4) Do I face any problem in future If I continue with the PRAN number received in first department??

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349 mithilesh kr mishra

how can apply your pension yojna. you send me my web site

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350 suresh

Sir, i m govt. employee my present contribution NPS is Rs.1700+1700(govt) monthly and my age 30 . let me Know how much i will get at the age of 58 and what will be my monthl y pension if i did n’t withdraw ?

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351 Roshin

Sir,
I am working in a Private Firm. I would like to open an NPS Account for my mother who is now in her old ages. She is 52 Years Now. In this age, Is it better to open an NPS Account? Can I open an account an NPS Account with my Bank Account in her name since she dont have a Bank Account. No Information listed in any of the sites about this query. Is there any other investment plans other than NPS for her. I can put a maximum of 1500 per month for her retirement. Kindly awaiting your reply.

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352 H.K.Das

Dear sir,
How can I change my Present address & Contact No. as i am a PRAN holder of Tier I ?

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353 H.K.Das

Hemant Sir,
I am Government employee I received PRAN number & PRAN card…Now I am going to resign my job. Now my query is 1) Can I withdraw the amount contributed to NPS in my first job??
2) Can I continue with the old PRAN number.
3) Do I face any problem in future??

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354 arvind kumra

sir i want to know that i have a pran no. so i want to continue my another service with this pran no. so what is the process can i do… please tell me hemant sir…

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355 romesh pathak

i am deposited of 6000.00 Rs per year.than after 10 year how many amount will
received me

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356 subodh

sir i want to know that i have a pran no. so i want to continue my another service with this pran no. so what is the process can i do… please tell me hemant sir…

Reply

.

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357 Numal Pait

Sir,
plse let me know, how can i get the amount after the retirement ?

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358 Sumit

Hello Sir
I started investing in NPS in Aug. 2011 and opted for ECS to contribute Rs. 3000 /quarter. Since Aug. 2011 there have been no deduction from my account. Pls. advise how can i get it regularised?

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359 Sachin

Hello Sir,

I am central govt. employee contributing 1483 +1483 (govt and own) as per NPS Tier-I scheme since Jun 2007. my retirement date is Apr 2041. As it is a long term game of investment, I am interested to invest 15% of amount in equity of total contribution. Sir please let met know the exact procedure to invest the amount, because nobody knows the procedure and the form filled by my POS is by default in 100% debt scheme(SBI, UTI and LIC pension) . Should I directly write to NSDL or should go through proper channel (my POS). please sent me form to email (if any).

Thanx in advance

Reply

360 Amit Pareek

Sir, My Pran No. is 110090891363. I Can not Subscribe My OnLine Account. And I Can Not Received Yearly Statement After Service. SO I Request that u tell me how i can received my passward and statement.

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361 rahul yadav

sir i was working under goi recently i resighned from my job ..waiting my new appointment in central govt.. around 1500/- cutting have done in nps ..how i can transfer it. …around 4 month there will be no transaction in this account.
kindly tell me about how can i tranfer in other job.

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362 Sujata Handa

Dear Sir, I Mrs Sujata Handa PRT(Morning Shift) of KV No 2,APS,Gurgaon Road,Delhi Cantt 110010 applied my PRAN erroneously twice as first was delayed.My PRAN Numbers are 11005172484 & 110001906307 respectively.I would like to know which PRAN No is in force and what is the latest balance in my account.It is also requested that non effective account may please be cancelled and fresh user ID,I-PIN & T-PIN may be allotted and forwarded to me at my school add or to the residence. 1E/4,New Willingdon Camp,Race Course,New Delhi 110003 Mob 9971919789
With Warm Regards

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363 rajendra prasad yadav

sir i am a central govt employee,my date of berth is 07/01/1978. upto sept2012
rs241498 contributed in nps acount.now contribution in nps is 2586+2586. how
many amount i will found at retiremet if total amont withdrawl. if 60% withdrawl then how many pension per month i will got
thanking you sir
rajendra prasad yadav
pran no. 110090220002

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364 praveen k gupta

Dear sir,
I m a mp. Govt. Employee my pran no 110091759407 inthat accont only sep & octo.,dec.2011 contribution added by govt .besides my salary deducted per month by treasury nov.2011 contribution not showing what’s the reason …….behind .nobody telling clearly ……pop sp &dto .at should I do sir ……..also tell me I opened or invested per month for anher account in a private account invest for a fixed amount for a long term .how can I do plz plz plz. Suggest me sir

Reply

365 praveen k gupta

Dear can I open persional account & given contribution self .in a fix. Amount for a long term plz sugges me process .

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366 NANDANA

HI SIR I WANT TO KNOW ABOUT THE NPS STATEMNT AND HOW TO TAKE THE STATEMNT IN NPS

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367 kamlesh

My brother joined in Central Government Service as a post office clerk in the year 2010; Later he cleared SSC exam and got selection in Central Excise & Customs. In his previous department he was allotted PRAN number by NSDL. As he thought it would be difficult to get NOC he had not intimated about his appearance in SSC exam. Now he also not disclosed the fact that he was a central government employee to his newly joined department as he does not have a NOC. Whether his new department will trace the fact while allotment of PRAN number? If yes, what should be done in this regard? Please advice.

Reply

368 Naveen kumar

Hello Sir,
My question is , presently I am doing State govt job under old pesion scheme, now if i shift to central govt job can i get the benefits of old pension scheme. (in our state old pesion scheme is upto 2010)

Reply

369 vikas jaiswal

Dear Sir my D.O.B is 14-10-1978 i am intrested to take the policy i wanna know about cont. Person. My area is East Delhi.

Pls mail me the detail .

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370 Vikas Kumar

Sir,
I am central Govt. Employee, earlier i was working with Allahabad Bank where my NPS account was opened and my deductions started from April 2012, Now deductions also being continued here in Ministry of Ext. Affairs, But none of my contribution been reflecting in PRAN.
who should I contact?

Reply

371 dillip kumar dehuri

my tier-II account has not opened please provide instruction to open the same

Reply

372 Ramesh. Bedwal

SoHello Sur
My question is that
my joining date is 4-1-2011
My NPS deduction january2011. Ki pay me se. Ya
february 2011 me se hoga

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373 Birendra Kamjibhai Ninama

My account 110071173582 has frozen. I want to get unfreeze but computer in PO does not accept. Why so? Please provide solution immediately.

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374 Premchand Kumar Gupta

My account has been locked due to the use of wrong password(I-PIN). How new I-PIN can be created. My PRAN NO. is 110092942946.

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375 BANIKANTA MALLICK

i am a govt. employee contributing rs 1926/- + 1926 [govt] controbution per month to nps , my age is 27 yrs how much pension i will get on retirement if i don’t withdraw anything on retirment , how much i will get if i withdraw 60% if amount on retirement

Reply

376 TAMOGHNO GHOSH

I am a class I central govt. employee and my I contribute towards NPS as per existing norms. I want to know that if I quit the service and join a private company and want to discontinue the contribution (as anyone can contribute), then what would be the fate of my accumulated NPS contribution? Can I withdraw it immediately?

Reply

377 rv

If u quit from the central govt service and discontinue the contribution then ur 80% of the corpus will be annuitized and rest 20% wealth u can withdraw lumpsum.

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378 Nelluri. Baby Sunitha

My PRAN card number is 110082702806 been allotted on 31-10-12 but not received the kit, As per my approval authority it is because of some corrections required in my application form with respect of bank details hence request you to send me those details so that I can fill it up and update to you. It is very much required by me , the pay fixation date is very near so that I can submit the details to the concerned in time. Hope you will do the needful. Thanking you.

Reply

379 rv

For any corrections or changes in personal detail u have to fill the S2 form which u can download from http://www.npscra.nsdl.co.in/

The form is to be submitted at the Nodal office for carrying out the necessary changes.

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380 SYAMALA PUSHPARAJAN BIJU

Sir, I want to change my contact number, my old mobile was los. how to chnage

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381 rv

Fill the S2 form which u can download from nsdl website
The form is to be submitted at the Nodal office for carrying out the necessary changes.

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382 sankar srigiri

it’s very good for the all of.Two days back we receiced your NPS applications in you department. All of staff fill the applications.

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383 Aditi Puri

dear sir,
i was working in a govt job where i had pran number issued.then i got an opportunity in an higher scale psu job.but i didnt apply through proper channel as i knew that i will not get noc.now i am selected in the other job. all formalities are done. will this pran number generated again in my other job.as i dont want to tell about my previous job at my new work place.please help. i am in a big trouble as i have already resigned from my previous job

Reply

384 amit

Dear Aditi ,

Same problem here , did u get solution of this problem

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385 jayakanth

i lost my pran kit with out knowing my pran number. pls tell what to do

Reply

386 rv

jayakanth You will have to request for a duplicate pran card.for this
u needs to submit a duly filled S2 form to the respective POP-SP. After verifying the form, the POP-SP will enter and authorise the request in the CRA system. Subsequently, the request is processed by CRA and a fresh PRAN Card is printed and sent to subscriber’s registered address. This is a chargeable transaction.

Reply

387 sandeep kumar

sir
my pran no is 110011410575. i tried to check my a/c online and unfortunately my i-pin no is locked. pls tell what to do.

Reply

388 rv

you will have to request to re-issue of I-pin. For re-issue of I-PIN you needs to submit a duly filled S2 form to the respective POP-SP. A fresh I-PIN will be sent to ur registered address. This is a chargeable transaction.

Reply

389 anjana

Dear Sir,
I have joined central govt service on jan 2012. I will attain 60 on 2036. I am contributing Rs 3000/ month. Kindly tell me how much amount I will get when I will retire and also what will be my monthly pension.
Thanking you in anticipation.
Regards
Anjana

Reply

390 nagaraju

sir
my pran id is 110090911739. i trying to know my a/c details,unfortunately my i pin no is blocked. plz help me to solve the problem.

Reply

391 Tonmoy Sardar

Please sent me procedure of calculation in regarding of NPS in Tier-1.What will be the
approximate value of pension after retairment if person entered in the Govt service in the age of 30 yr and in a monthly contribution of Rs.2500/- ?

Reply

392 Kabir

Hi Hemant,

I appreciate the kind of knowledge on NPS you are sharing with us.

I am at the age of 35 and currently working with an IT company, I want to invest Rs 1500 p.m in NPS for next 15 years.

let me know the option for Tier-I and Tier-II and also the maturity amount.

Regards,
Kabir.

Reply

393 m venkataiah

Hi
can any one clarify my doubt please
i don”t know when i register for NPS in Tier-1,i don’t have any information like PRAN NUMBER and Password and secrete qn, but i am recieving mail every month to mail like this
Units with NAV of 02/07/2012 have been credited for Tier 1 in your PRAN XX7748 against Rs. 3136.0
for APR-2012 on 02/07/2012.
what it is this and how can i get details of my account presently i am working IBM as Research analyst in Hyderabad

Reply

394 kunal kalia

Sir my Tier I account is been activated. What should be done in order to activate Tier II account also so that I can withdraw money.

Also i have been into Govt Sector since May 2010 and so far only my PRAN No has been allotted and till now i have not received my PPAN no. Is it a serious issue or it is generally being allotted late to all .

Plz
Thanks and Regards

Reply

395 rv

To activate tier II account u have to do Registration through POP-SP. PRAN card to act as KYC, no separate documentation required.

Reply

396 Pradeep

Hello Hemant
I was just going through your blog and I have a query if you please..
My friend’s spouse expired and her NPS corpus is received by my friend recently.
I want to know whether this amount will be taxable?
Can he get a clarification for this in a document format so that it can be presented to his present employer for further action.
Regards

Reply

397 rv

Pradeep the amount that ur friend has received will not be taxable.it is exempt.and I have no idea about ur second question.please visit PFRDA site.

Reply

398 Bappaditya

i am a pvt ltd employee my EPF is 450 p.m & same given by employer . so what i will get after 60 years attening. and i want to deposit for a Rs. 1000 p.m. under NPS and what i will get after 60 years under NPS

Reply

399 Rajashree Ravindra Bhat

I am a house wife i took my pran card on 27/8/11 still i hav not got my pass word plz snd it soon as fst as u can n if we go to the post office they r nt replying so, plz send the password n my account no. is 111001716550.

Reply

400 rv

u have to submit ur grievance in a prescribed format to presence service provider.who would forward it to Central recordkeeping agency.you will have to mention your PRAN as the means of authentication.after submission ur form u will get the token number through email from the POP-SP upon presentation of the acknowledgement receipt.

Reply

401 Nimisha

My PRAN account is not accessible through my 4-digit pin code. I want to change my pin code. What is the procedure for this? Plz explain

Thanx wid regards.

Reply

402 rv

u can not change ur pin code. If ur I-pin no. is locked than u will have to request to re-issue of I-pin no. to the respective point of presense –service provider in a duly filled S2 form.then A fresh I-PIN will be sent to ur registered address. This is a chargeable transaction.

Reply

403 Nimisha

I am a state govt. employee and posted on deputation in centrally sponsored scheme agency DRDA. In this office the DDO does not deal in any transactions with treasury. So, the DDO is not registered in treasury and thus has no DDO Code. My contribution form salary for NPS and Govt’s share have been sent o treasury officer but they are asking for DDO Code. Some employee in treasury is of opinion of presenting DRDA as treasury in nsdl and registration of DDO of DRDA as DTO. Plz explain the proper procedure about the DDO code of DDOs of corporations and autonomous bodies for employees under NPS deputed there and also that how DRDAs of othe states are dealing in this regard.

Plz reply.

Reply

404 sachin

sir’ mera pran number ka transaction 5 times wrong pin dalne se locked ho gayee hai. kripya new pin paane ka kya tarika hai aap bataaye kyoki yahan jo karmchari wo kehte hai ki mera khud ka lock ho gaya hai . new pin paane ka koi tarika hai nahi. aisa to nahi ho sakta. koi to tarika hoga.

Reply

405 Rakesh Singh

Please fill the S2 form which u can download from http://www.npscra.nsdl.co.in/ site , fill this form submit it to the Treasury Officer of ur area & then he will send that form to District Treasury Officer from where you will be able to get the new I-PIN.

Reply

406 subhash kumar

Sir,My pran no. is 111000186828.I tried to check my a/c online but unfortunatly my I-pin no. is locked. plese tell me what to do.

Reply

407 rv

Subhash u will have to apply to re-issue of I-pin. For re-issue of I-PIN you needs to submit a duly filled S2 form to the respective POP-SP. A fresh I-PIN will be sent to ur registered address. This is a chargeable transaction.

Reply

408 SAYAN MUKHERJEE

sir i am a central govt employee,my date of berth is 20/10/1993. I AM A CENTRAL GOVT employee since jan 20 ,2012.
if 60% withdrawl then how many pension per month i will get
thanking you si
sayan mukherjee
pran no. 11022174463

Reply

409 S J Sharma

Sir, My pran no. is 110091350789 , but it is not update. My contribution is upto DEC 2012 but it reflects upto JULY 2011 in my account. IN griv. colom. , it does not reflect against CRA/PAO. Please tell me how it can be solved.
Thanking you.

Reply

410 satinder Singh

sir
Tell me how to get the final payment (in case of death) under NPS

Reply

411 rv

In case of death of the subscriber, the beneficiary submits a withdrawal request to the associated POP-SP who will enter the request in the CRA system. After the request is processed, a cheque is issued favouring the beneficiary and forwarded to the associated POP.

Reply

412 OM PRAKASH MEENA

Thank’s H. Beniwal for ur kind information about NPS.

Reply

413 Nirmal

hi

I am 45 years old can i take up NPS scheme. will it be beneficial.I have read all the comments where u suggested to take up investment in mutual fund SIP if u r nearing your retirement. pl suggest if i wish to pay 2000 per month what amt will i get as pension at the age of 60.

Reply

414 OM PRAKASH MEENA

after having a gov job as a medical officer now i am doing P.G. in medicine in rajasthan. during that on the behalf of study leave i am working on half salary.according to nps what will be the deduction whereas my basic pay as a medical officer was 24350 and DA 65 % & HRA 10%. according to NPS during study i want to know the amount of deduction

Reply

415 kamal kumar

Sir, I had joined Delhi Government as LDC in Oct. 2008. and voluntarily resigned from my services on 30/04/2012. Prescribed amount i.e. 10% of basic + D.A is deducting continue from my salary for that period. Please guide me how can i withdraw my amount from NPS.

kamal kumar

Reply

416 UMESH NAMBAM

sir i had not recd my pin no. of pran card.so pse kindly guide me how to get the details of pran account and how to get pran pin no.

Reply

417 rv

You can submit ur grievance in a prescribed format to presense service provider.who would forward it to Central recordkeeping agency.you will have to mention your PRAN as the means of authentication.after submission ur form u will get the token number through email from the POP-SP upon presentation of the acknowledgement receipt

Reply

418 Bhag Chand Meena

I am a govt.employ .date of birth 05/02/1977. retirment 1937. nps contribution is2040+2040.how much amount i willbe receive on retirement.

Reply

419 unni

I am a small business man ( 41 years ), my approximate yearly income is 5lac. I want to know

1. Whether I am eligible to join NPS.
2. Whether I will get 1000 per month from govt as well.
3. Whether I will get income tax benefits, if any other than 80C Rs.1lac cap.
4. Please also inform how much amount should be contributed to NPS per month considering my present age and income.

Reply

420 rv

1.yes u r eligible to joi nps.all indian citizens between the age of 18 to 60 can join nps.
2.no u will not get any contribution from govt.bcoz u r not a govt employee
3.no.u can not get exemption other than 80c.rs. 1lac cap.
4.minimum amount of per contribution is Rs.500

Reply

421 rajnish kumar

sir
I want my total deposit money who deduct @10%every month. pse info about it.

Reply

422 rv

Rajnish if u want to withdraw ur amount before the age of 60 from tier 1 account the u would have to be required to invest at least 80% of the pension wealth to purchase a life annuity from any IRDA – regulated life insurance company. Rest 20% of the pension wealth can be withdrawn as lump sum.

Reply

423 ushobarani

my pran no 111 000 66 1541 iam central govt employee employee/employer contribution is deposited i entered into scheme in the year 2004 if i take resignation how much amount i get as pension monthly if i go for 80%annuity or 100% annuity give me the clear detail separately please

Reply

424 rv

@umesh nambam

go to ur nearer pop-sp.

Reply

425 rv

@ umesh nambam

You can submit the grievance in a prescribed format to presense service provider.who would forward it to Central recordkeeping agency.you will have to mention your PRAN as the means of authentication.after submission ur form u will get the token number through email from the POP-SP upon presentation of the acknowledgement receipt.

Reply

426 rv

@ umesh nambam

You can submit the grievance in a prescribed format to presense service provider.who would forward it to Central recordkeeping agency.you will have to mention your PRAN as the means of authentication.after submission ur form u will get the token number through email from the POP-SP upon presentation of the acknowledgement receipt.

Reply

427 rv

@ unni
1.yes u r eligible to joi nps.all indian citizens between the age of 18 to 60 can join nps.
2.no u will not get any contribution from govt.bcoz u r not a govt employee
3.no.u can not get exemption other than 80c.rs. 1lac cap.
4.minimum amount of per contribution is Rs.500

Reply

428 rv

@rajnish kumar

you can exit the system before attaining the age of 60 years provided you annuitize at least 80% of your pension corpus.bt u can not get ur total depoit money.

Reply

429 rv

@ bhag chand meena

plz mention ur joining date

Reply

430 rv

@ satinder singh

in the event of death the balance standing to the subscriber’s account can be transferred into the nominee’s account after following regular KYC procedure.

Reply

431 rv

@ S J sharma

You can contact the CRA call centre at toll free telephone number 1-800-
222080 and register the grievance. You will have to authenticate yourself
through the use of T-pin allotted to you at the time of opening a Permanent
Retirement Account under the NPS. On successful registration of your
grievance, a token number will be allotted by the Customer Care representative
for any future reference.
or
You can register the grievance at the website http://www.cra-nsdl.co.in with the
use of the I-pin allotted to you at the time of opening a Permanent Retirement
Account. On successful registration, a token number will be displayed on the
screen.

Reply

432 rv

@ subhash kumar

You can contact the CRA call centre at toll free telephone number 1-800-
222080 and register the grievance. You will have to authenticate yourself
through the use of T-pin allotted to you at the time of opening a Permanent
Retirement Account under the NPS.

Reply

433 rv

@ sachin
aap central recordkeeping agency ke toll free telephone number 1-800-222080 par call karke apni shikayat submit karwa sakte hai.iske liye aapko apne T-pin jo aapko permanent retirement account open karwate time mila tha uska use karna hoga.

Reply

434 motilal

dear.sir
please tel me what are the process to continue the all rerady issue PRAN no.if i resigned from one job and joined to another job

Reply

435 rv

In case of change in any employment Subscriber need not submit any change request. Such changes can be updated by the Pay and Account Officer on receipt of intimation about the change from the DDO.

Reply

436 SATHISH

Sir,
I sathish kumar working in bhel before joining bhel I was wored as a cknstable in cisf from 02.09.2006 on that time my pran no is 110010019691 after getting technical resignation from cisf I joined as a sub inspector in crpf on the time of joining I gave an application for continuation of same pran no but they did not take any steps till now they cannot merge the issue a new ppan no 2010102390308255 sir now I change my sector from organised to unorganised (sbi)
Now I requested you tell how to merge the pran amount please reply me .
If there is any forum send it

Reply

437 sathish

Sir,
I sathish kumar working in bhel before joining bhel I was wored as a cknstable in cisf from 02.09.2006 on that time my pran no is 110010019691 after getting technical resignation from cisf I joined as a sub inspector in crpf on the time of joining I gave an application for continuation of same pran no but they did not take any steps till now they cannot merge the issue a new ppan no 2010102390308255 sir now I change my sector from organised to unorganised (sbi)
Now I requested you tell how to merge the pran amount please reply me .
If there is any forum send it

Reply

438 Rumki Bhattacharya

Dear Sir,

I am working in Ministry of Defence from 2005 onwards. I am covered under NPS scheme. Can I withdraw amount from my fund? If yes, than how much and at what percentage?

Reply

439 Vikas

Hi Rumki,

The early withdrawal of funds is allowed under tier 2 scheme without any limit.

Reply

440 KENEI

sir,
the date of birth in my PRAN card is incorrect which is going to be a problem in future. Therefore i kindly request you to suggest the right way to correct it.

Reply

441 kamal kumar

Download the s2 from the CRA’s website. Fill only those columns in which u wants to correction and then submit it to ure PAO through ure DDO.

Reply

442 Anand

sir
i want to know that any existing employee already enrolled in GPF can opt for NPS. kindly provide me which is better and switching over benefits. how much govt contribution will be added and from which year it will start.

thanks

anand

Reply

443 Vikas

Hi Anand,

Yes you can join.

Reply

444 A.SAVITRI GOWRI

Dear sir

My account is frozen for insufficient funds. But i paid in my tier 1 6000 for 2011-12
this year i paid till now 4000. I want to know the details of my account. Kindly
unlock my account and let me know the details. My pran no is 110031187291

Reply

445 Vikas

Dear Gowri,

You will have to contact NSDL, the central record keeping agency for NPS to resolve your grievance.

Reply

446 rum singh rana

my account is locked and I have forgeted my password . tell me how I can reopen my account

Reply

447 Vikas

Write to NSDL.

Reply

448 rajesh

I joined this scheme on 05/01/2004,and got retired from my service’s after attening age of 60 year on 30/11/2011.I have served 8 year in NPS,after joining as re-employed.My last office address is CWE,Jammu,under Northern Command.Till date I haven’t received any dues from my contribution in NPS .

Reply

449 Vikas

Rajesh,

You can raise the issue with the company whom you have selected for receiving annuity from your NPS contribution since it is their responsibility to give the monthly pension.

Reply

450 H.R.Alariya

It is a good site and very helpful for all who wants to know more about NPS

Reply

451 SUJATA FOTEDAR

MY USER-ID IS 110021412852. I have forgot my password & Secret Question & my account has been locked. Kindly provide guidance how to access my account and get new password.

Reply

452 kamal kumar

i hv also the same problem. The customer care center of CRA suggests me to download and fill the S2 form from their website and fill only those columns “reissue of I-Pin/T-Pin”, name, signature, etc and submitted it to ure PAO/DTO through ure DDO. PAO send ure request to CRA and then CRA allot u a new Password & secret question and sent direct to u at ure registered address.

Reply

453 Vikas

Sujata

You will have to submit form for reissue of I-Pin at any centre. You can download the form from CRA portal.

Reply

454 someshwer

Sir,
In the event of death of a state govt. employee of J&K state who is subscribing towards new pension scheme, what is the procedure for a DDO to be adopted and the authority to be approached for NPS benefits for next of kin of the deceased.

Thanks.

Reply

455 Vikas

Someshwar,

In case of deat of Subscriber the given below is the procedure-

“In the event of death of the subscriber, the beneficiary submits a withdrawal request to the associated POPSP who will enter the request in the CRA system. After the request is processed, a cheque is issued in favouring the beneficiary and forwarded to the associated POP”.

The necessary form will be available at any centre near you where NPS registration is done.

Reply

456 shruthi reddy

Iam a private sector(bank) employee. I have resigned from my job on nov-2012. my nps account type is tire-1. Can i withdraw any amount from my account before attaining the age of 60 years. If yes, what is the % of amount that i can withdraw now? and what is the procedure?

Reply

457 Vikas

Shruthi,

Yes you can withdraw at resignation but only up to 20%. Rest 80% will be in the form of annuity. You can submit the withdrawal request by submitting the required form at any centre where you can apply for the scheme. The form can be downloaded from CRA portal.

Reply

458 Rajnish Kumar Sharma

Sir, My DDO has deducted the amount from my salary and by mistake he has deposited it in others account.
How can i get my money transferred to my account.
Tell me whether 10% contribution of govt. is also comes under taxable income?

Reply

459 Manzoor Khan

Respected sir me from jandk.I am a govt.employee
and mi date of birth is 1987,
I am contributing Rs2000 Per month how much will I get as pension after retirement.
Sir will the NPS employees get pension after retirement or not?
As it is common saying in jandk that NPS employees can not get pension after retirement.
Please clarify all this
THANKS SIR

Reply

460 Manzoor Khan

Resppected sir can the NPS employees of JandK get pension after retirement or not ?

Reply

461 M KRISHNA

I AM GOVT EMPLOY, I HAVE A QUESTION , HOW MANY MONEY REFUND AFTER MY RETIREMENT IN PERCENTAGE

Reply

462 M KRISHNA

SIR,
WHEN I FILL UP THE FORM I WAS NOT ADDED THE EMAIL, HOW I ADD THE EMAIL ID FOR A BETTER SERVICE FOR ME?

Reply

463 Vikas

M Krishna,

After retirement 60% can be withdrawn from your retirement fund and rest 40% can be used only for buying annuity.

Reply

464 partha

hi sir, can i transfer amount from tier 2 to tier 1 account, if i activate tier 2 account, in future. if it could be, how the amount is adjusted in tier 2 account.

Reply

465 Vikas

Partha,

Yes you can transfer from tier 2 to tier 1 account.

Reply

466 Partha

thankyou vikas.

Reply

467 Rakesh meena

Sir,
I have join central government last year and according to rule i have also received my PRAN card and its other password and etc. things. But unfotunattly I lose my all password and other things related my PRAN beside My PRAN card.
How can see my contribution in tier 1 and can my password reissue me..
what’s process in this matter is applied..
sir plz help me….

Reply

468 Vikas

Hi Rakesh,

You need to conatct NSDL which is the record keeping agency issuing PRAN. They will guide you the correct procedure for receiving a second password.

Reply

469 arun rs

sir,
i am contributing some amount of appx.1500/- to dcps since december-2005 . i would like to know is there is any option of part withdrawal as in gpf subscription like govt. employees are doing who enlisted before january – 2004. after doing 20 years of service how much amount i get

Reply

470 Vikas

Hi Arun,

Partial withdrawal in NPS is not allowed if you have tier 1 account. If any premature withdrawal is done (only 20% is allowed) it will lead to closure of account. Since it is a market link product the end corpus is not certain but can be estimated on a specific rate of return you will achieve. However the actual corpus may vary as the rate of return may vary from your assumptions.

Reply

471 G UPENDAR REDDY

I am Govt employee i received pan kit with mistake in my name my full name is
GODALA UPENDAR REDDY BUT it was printed as GOPALA UPENDAR REDDY
The Mistake is ” P” IN MY SURNAME Correct letter is ” D ”
i want to know how to corrct my name

2 My I-PIn date expired it will asking new password
3 please explain password after entering 12 digit no
4 How to proceed to see the statement detail

Reply

472 Vikas

Gupendar Reddy,

You will have to write to NSDL for issuing a new password. Once you receive it you can login to your account where all the details would be available regarding your NPS investments.

Reply

473 G UPENDAR REDDY

nps system is good but collect statement is getting difficuty this big is nps is also has facility statement in printed paper because all employess do not has i.t

Reply

474 ashwanikumar

sir,
I ashwani kumar working in Railway protection force before joining RPF I was wored as a constable in RPSF from 2004 on that time my NPS no is2005500300200187 after getting technical resignation from RPSF I joined as a sub inspector in RPF on the time of joining I gave an application for continuation of same pran no but they did not take any steps,and they issued a new pran no 2010500100200189
Now I requested you tell how to merge the old pran amountin new pran account please reply me . I wish to merge my earliar account to current (new account) .
please help me what’s process in this matter is applied..

Reply

475 Vikas

Hi Ashwani,

You can speak to NSDL which is a Central Record keeping Agency for NPS. They will be able to guide you on whether the two accounts can be merged or not and will let you know the process, if you can.

Reply

476 nagmani

I am serving in BSF with new pension schem. If I join private sector can I please maintain the issued PRAN for mysef contribution

Reply

477 Vikas

Nagmani,

There is difference in government employee and private sector . The same PRAN can be maintained only if you shift from one state govt to another state govt but not from govt to private.

Reply

478 v.k.pareek

Have any changes been made in the New Pension Scheme.
Will the changes be effected after DTC is implemented

Reply

479 v.k.pareek

has the new pension scheme undergone any changes

How will the introduction of DTC effect this scheme

Reply

480 Vikas

V.K.

There has been many changes in NPS since it was launched with the latest being some increase in cost. There may be some positive changes in DTC with regard to NPS.

Reply

481 arun rs

sir,
my dob is 31/05/1986. i am a central govt employee and my basic pay is 8790+2400. my contribution to dcps-1925. how much amount i receive on my retirement .

Reply

482 Vikas

Hi Arun,

NPS is a market linked product and so accumulation is not certain.However, you can estimate it based on some specific rate of return you can achieve from this investment. The actual contribution may vary from any such estimation since the rate of return on your investment may vary.

Reply

483 DHARMENDRA BISHT

sir,
I am government employe. My contributiin is Rs 3000 per month. My dob is 29/05/1972. My service period is 2009 to 2032. How much amount i shall received on my retirement.

Reply

484 Vikas

Hi Dharmendra,

NPS is a market linked product and so the corpus you accumulate will be based on the return you generate from your investments.

Reply

485 raj

sir i am in it department my monthly nps rs. 3200 and i will retire in aug.2041. how much money i get my retirement

Reply

486 Vikas

Hi Raj,

NPS is a defined contribution product and the corpus you will get at retirement will be based on what return you generate. Since you can vary debt and equity exposure here, your returns will be accordingly vary each time your exposure is altered.Hence, its difficult to estimate any defined corpus.

Reply

487 Arvind sain

Sir,

I worked at CDA Secunderabad from 13.12.2010 to 14.05.2012. The department had allotted specific PRAN No 110051272890. I resigned from there due to personal reson. Now I have joined Customs and Central Excise department Jaipur, Rajasthan on 17.01.2013. In this regard my query is that whether my PRAN No. 110051272890 will remain the same or new PRAN No. should be allotted. If new PRAN no is allotted, whether the balance of old PRAN No. will be transfered to the New PRAN and what will be the procedure?

You are requested to the reply the query at the earliest.
Thanking you,

Yours faithfully,
Arvind Sain

Reply

488 Vikas

Hi Arvind,

The same PRAN can be transferred in case of a shift of job within governments i.e. central or state. You can get more details by writing to NSDL who is CRA for NPS or from your new employer.

Reply

489 sutanu chowdhury

Sir, I am now a central govt. employee. Recently I have seen an advertisement in newspaper for higher post in another central govt. office. I can not forward my application Through Proper Channel as my present office does not allow me. But I can apply for this job as an outsider because my qualification & other requirements fulfill for this post. In case, if I may get appointment/selected , then I have to resign the present office. While resigning , my NPS account will be deactivated. But at the same time, when I shall join my new office, then can be any problem to login a new account for myself in NPS in that office? Because I have hidden that I am a central govt. employee & informed them that I am unemployed.

Reply

490 Vikas

Dear Mr. Sutanu,

Not sure how your organization will take this matter as for central govt employees the NPS account is transferrable.

Reply

491 Joginder Gupta

How to apply for withdrawal of amount under NPS due to untimely death of the subscriber, also provide withdrawal form and formalities required for the same.

Thanks

Reply

492 Vikas

Hi Joginder,

You can visit NSDL website which is a CRA for NPS. There you will find the complete procedure.

Reply

493 Santha

I am 76 years old. My son was a state government servant. He died. Do I have any right to get his pension benefits?

Reply

494 Vikas

Dear Mr.Santha,

Are you talking about NPS or pension from the government.

NPS is withdrawable through an application form by providing relevant documents.

Reply

495 Namita Srivastava

sir i am gov.employee my date of birth is 23.04.1984 & my service joining date 01.07.2011, i want to know that what is the NPS and what process for joining and after retirement all the 100% accumulated amt that i can withdraw together or not or before retirement any rules that i can withdrawl money in running service pls sir inform me this information with full detail’s.

if i invest Rs 1000/- monthly after my retirement what amount withdrwa, pls inform me sir.

Reply

496 Vikas

Hi Namitha,

The process of joining NPS you can know from your organization as it is different from a private employee.You cannot withdraw the entire amount before your retirement age.Minimum 60% has to be received as annuity.

You can get full detail from NSDL website or from your organization.

Reply

497 aakanksha

Dear Sir,
I have been working with a nationalised bank for last 7 mnths,,,,,,and i left the job last week…My pran is not yet created.
Will i get my contribution back as it cant be shifted to a new place where i work as the pran not been created.
Kindly Suggest and if possible tell me the form no. through which i can get my contribution back.
Thanks in advance.

Reply

498 Vikas

Hi Akanksha,

NPS cannot be withdrawn before retirement. Only a certain % is allowed.

In your case you will have to get it confirmed from the bank.

Reply

499 Kashif

Dear sir
Appreciate your works above
I had applied for NPS but by mistake initially i deposited 500 for opening tier 1 account. Can you please suggest that in future can i increase the amount.

Regards

Reply

500 Vikas

Hi Khashif,

The minimum deposit in a year is Rs 6000 which you can do either as lumpsum or SIP mode.

Reply

501 Kashif

Thanks mr vikas
Can you suggest me that whether i can deposite 36000 INR IN MY NPSaccount annually

Reply

502 Vikas

Hi Khashif,

Yes you can deposit the required amount.

Reply

503 parth sarthi

DEAR-SIR, I AM A JHARKHAND GOVT.TEACHER AND I WAS JOINED 2000. I WANT MORE INVESTMENT. MY RETIREMENT LEFT 22 YERS.SUGGEST WHICH INVEST IS BEST FOR ME. THANKS.PARTHSARTHI,DEOGHAR,JHARKHAND.

Reply

504 Vikas

Hi Parth,

With 22 years in your retirement you have to select an option which can generate you returns beating inflation. SIP or Systematic Investment Plans in mutual funds is a good option for investing in equities through regular savings and create wealth in the long term. How much to invest? can be identified once you know your exact requirement.

Read the below article to know more about it

http://www.tflguide.com/2010/10/do-you-really-understand-sip.html

Reply

505 arun rs

sir,
what is the procedure to close the pran and how we can withdraw money which invested through nps . tell me in detail.

Reply

506 Vikas

Hi arun,

There is a restriction on the amount of withdrawal you can make from NPS and that too after a certain period.

You can get the entire information on NSDL (CRA for NPS) website.

Reply

507 Mudasir

Sir,
I am a govt employee date of appointment is 22/2/2013 ,date of retirement is 21/2/2036 contribution of nps is 1600 per month that time.How much pension i will get on retirement ( per month) or at a time

Reply

508 Vikas

Hi Mudasir,

NPS is not a fixed benefit plan which means the amount of pension will be based on the money you accumulate at the end of the term through your contributions and returns on them.

Reply

509 Rakesh

Dear Sir,
I worked for Bank of Baroda as Customer relationship associate and now want to switch to SBI as clerk .I have not informed SBI of my previous employment where i was subjected to NPS. Though i have all my release letters. I want to join SBI without mentioning about previous employee details is it possible to do that, as i am already subjected to NPS. I am joining at a lower profile due to some family and personal reasons. Please Help if you feel appropriate.

Reply

510 Vikas

Dear Rakesh,

For any financial transactions there are KYC norms now wherein your details are very much with the organization if you are an existing investor. Since NPS has a Central Record Keeping agency which manages the details of all investors, your details will get flashed when you try to open a new account. So it may be difficult to open a new NPS account without mentioning the old account which is already running in your name.

Reply

511 JITU

Sir, I want to know how to check my balance using my PRAN number. please inform in details.
Thanking You.

jitu

Reply

512 Vikas

Hi Jitu,

You can check it by logging in to the website of CRA. It will show all details regarding your NPS account.

Reply

513 Ajay Kumar

Hi Hemant & Team,

First of all i appreciate your dedication to solve user’s query. I was going through many articles about Pension plan schemes and found this to be better. I have tried to compare NPS/LIC Jeevan Nidhi/SIP plans offered by various companies/ULIP’s and found this to be very good investment option. But i have few doubts, can you try to clear them?
1. My age is 27 and i would like to open NPS account. I need suggestion – how much should i invest per month to earn pension of around Rs. 25000 per month after i attain age of 60?
2. We don’t know best annuity agency where we should invest as of now. How can we keep an eye on best agency (PFM) to invest for annuity in future?

Please Reply

Regards,
Ajay

Reply

514 Vikas

Hi Ajay,

Thanks for the appreciation.

1. For knowing the amount of savings required, you need to work on certain assumption such as what is the post retirement period you are looking to sustain with this income (with future rate), the return expected on your investment, etc, which will give you estimation of the corpus you have to accumulate for your retirement. Once you get the required corpus you can get the savings required. You can utilize retirement tools available online with various companies.
2. You will have to buy annuity from any insurance company and it will mostly be immediate annuity product. You can make yourself aware on companies coming out with such products, although you have good enough time to avail this option and may experience lot of development in this area.

Reply

515 SATYAM

Thanks for giving for Information.Can I increase my contribution in future ,like this year my contribution is 2000 monthly ,so can I contribute 3000 monthly from next year….

Reply

516 Vikas

Hi Satyam,

Yes, you can make additional investments in your NPS account and enhance your contribution also.

Reply

517 ARUN RAJAK

Dear Sir, My age is 28 years at this time. My contribution towards the nps is 3274/- p.m. + 3274/- (Govt. Contribution). At supperannuation in the year of 2045, what will be total accumulation of my pension fund and How much money would I receive as 60% at my total contribution.
And what will be my approximate pension amount if I invest rest 40% for 15 years.

Reply

518 Vikas

Hi Arun,

The returns from NPS are variable since the investments are market linked. The accumulation of corpus at 2045 will be based on the returns you have achieved. So giving a definite number on how much you will receive is not viable. The amount can only be estimated based on certain assumption. For eg. if i assume the same contribution till 2045 and an annual return of 10% then you should be able to accumulate approx Rs 1.5 cr.
You can use any online calculators to know your estimated corpus and pension amount.

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519 Dandapani Podhiary

Sir,
please detailed clarification & methods to be carried out for the employees other who are not drawing salaries the Treasury systems (Office of the Executive Engineer, RWSS.Division,At/Po/Dist.Nabarangpur, Odisha. Contact.Mob.No. 09438200000

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520 Vikas

Dear Mr. Dandapani,

You can visit the website of PFRDA and nsdl-cra which will guide you towards the entire procedure of investments and will also provide you the required applications forms.

Reply

521 rahul

Sir,
i m a central govt. employ since jan. 2000. after retirement i got pension. but i want open a nps account. can i open NPS account.

Reply

522 Vikas

Hi Rahul,

Which pension scheme you are covered currently?

Reply

523 Nipul Buragohain

One of our employee under NPS has retired on 31.08.2013. let me know the procedure of applying for getting NPS contribution for that employee. his total contribution till his retirement is Rs.1,87,457.00

Reply

524 Vikas

Hi Nipul,

60% of this amount will necessarily be converted into annuity as per NPS structure and the rest can be received as lumpsum. For both these request will have to be submitted at CRA i.e. nsdl which has been accredited for NPS. You can get the contact details and entire procedure at their website.

Reply

525 MANEESH

Dear sir,
I am a Primary Teacher in UP from 2009 but there is no pension scheme for us. Can I open a NPS account. In future if Govt starts pension scheme then could I be eligible to continue my NPS.

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526 Vikas

Hi Maneesh,

Yes you can open a NPS account.

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527 santoshi kushwaha

sir, main indian railway me hu, mera PRAN NO. 110091638988 hai, mere father ka original name BHUWANESHWAR PRASAD hai, but pran card me father ka name ATNMA PRASAD KUSHWAHA print hai, jo wrong hai. mujhe mere father ka name sudharwakar naya card issue karwana hai. so please mujhe batayiye ki mai kya karun.my cont.no. 9407958966 please contact me.

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528 Vikas

Santoshi,

aapko iske liye Record Keeping agency (CRA) nsdl ko request likhni hogi. unki website ar aapko isse sambhandit form mil jayega jo aap fill karke documents ke saath submit kar sakti hain.

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529 Gopal Mandal

My Contribution is started with Govt. contribution under CPP A/c since May 2007 my joining .My PRAN No alloteted on 27.3.2010.Since April 2010 my contribution(10% of Pay+Grade Pay+DA) was going under my PRAN No upto Dec(partially) 2010.By mistake my office again cotribute only my contribution without adding Govt. contribution under CPP A/c. since Dec(partially) to June 2013. Again started both contribution under PRAN No from July 2013.My question is that now how it will be regularised because CRA shows only deposit amount since April 2010 to December 2010.

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530 Vikas

Dear Mr. Gopal,

You will have to speak to your employer who will have to regularize your account by making their contribution. They will have to take the case with NSDL.

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531 santosh kumar pandey

sir i am posted as Welfare Administrator and i lose my PRAN card and Applying for duplicate card as per procedure. My PPRAN No. is 110050001124 and now i am found a grivence no which is 1190382587. i want know what is my application status and whean i get my duplicate card. S.K.Pandey WA (LWO) Jabalpur rigion
my A/c No. is 2007103046100011.

Reply

532 Vikas

Dear Mr. Santosh,

Write to NSDL-CRA for knowing the status of your application.

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533 Ashim Kumar Saha

Sir, I am an ex LDC from Ordnance factory, Dum Dum, Kolkata 700028. Joined 15 July 2005 and resigned ( on personal ground ) on 20 July 2010. My PRAN No. is 110030375668. Several times I requested refund of my contribution but could not find any solution yet. I applied to General Manager, Ordnance Factory, Dum Dum, Kolkata-700028 for refund the contributed amount with interest till date I have not received any response even after three years. Kindly inform how I can get refund of the contributed amount with interest. My contact No. 09635500000.

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534 Vikas

Ashim,

Confirm from NSDL-CRA your refund status. If your application has been sent they will be able to give you status.

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535 arun

dear sir,
tell me in detail how to get contributed money after retirement . and tell me what is the percentage will i get on retirement from current job. lot of my friends retired from their central govt job and waiting for more than three years and didnt received single paisa . tell me in details about procedure

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536 Vikas

Hi Arun,

In NPS min 60% of the accumulated amount has to be converted into pension and the rest you can take as lumpsum. For this you have to write to NSDL-CRA by filling an application form which you will find on their website.

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537 navin kumar

hi sir, my self dr.navin kumar , i am a state govt medical officer employee of govt. of jharkhand since march 2010. my nps contribution was made regularily with monthly payment & it was around rs 3000 of my contribution and rs 3000 of state govt contribution per month. i have my pran card with me but i have lost my i-pin no . now for last 18 months my contribution has not been made as i am in bhubaneshwar, orissa for my higher education and not getting any payment except of stipened of rs 20000/- per month. i have applied for my education leave to the state govt. now what should i do and how can i access my pran account. should i make any contribution to my pran account , if yes how can i make that and how much money i should deposite annually . kindly help me out with some solution for these problems. please male me on my mail id. thanks..

Reply

538 Vikas

Hi Navin,

You should contact to nsdl-cra from where you will get details of your account by receiving a new pin.You should also write to your employer for knowing information of your discontinued contributions.
As for contribution in NPS account the minimum contribution is Rs 6000 annually.

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539 navin kumar

dear vikas, thanks for your valuable suggestion . sir as at present i am in bhubaneshwar. where and how can i deposit the minimum annual contribution of Rs 6000. as at present its almost impossible for me to go back to Jharkhand and deposit the amount. and if i have missed an annual minimum deposit for one year then what should i do. i received an annual sms on my connected mobile no that a total of about Rs 120000 is the balance in my pran no. please give your suggestion as soon as possible… thanking you

Reply

540 mir sajad

I hav joined the as state govt employee on jun 2010 I want to evey thing about nps

Reply

541 Vikas

Hi sajad,

You can visit PFRDA website where you will find all the information about NPS.

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542 Dena

For most up-to-date information you have to go to see world-wide-web and on internet I found this website as a best website for hottest updates.

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543 akhilesh

plz send my premeam recepet my id thanks

Reply

544 Vikas

Hi akhilesh,

Contact nsdl-cra.

Reply

545 Dena

Hi there, I log on to your new stuff on a regular basis.

Your humoristic style is awesome, keep doing what you’re doing!

Reply

546 Samir

Hi Hemant,

I was working with a govt owned bank and had enrolled for NPS which is having some idle fund,since i have resigned from the bank;can i withdraw the fund and close the account.

pls help me out.

Rgds
Samir

Reply

547 Vikas

Hi Samir,

NPS account some restrictions in closing the account prematurily. Most of the corpus you have to annuatized. You can check within the documents you would have received or enquire at nsdl-cra for the required information.

Reply

548 hemant taneja

hi sir, kindly let me know what is the value at the age of 60 if investment had started at the age of 35 in nps tier 1
Regd. hemant taneja

Reply

549 Vikas

Hemant,

The value of the fund will depend on the return you generate and total contribution you make. This is a market linked product and so no return is guaranteed..

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550 marich

Hello sir,
Good information is given in this site.Sir i gave my resignation last year,now I want to close the Tier-1 account.I have worked in bank for a year.
Please tell me what are the procedures for closing a account.
please reply

Thanks

Reply

551 Vikas

Marich,

You cannot completely withdraw from tier-1 before age 60. Whatever corpus you ahve accumulated 80% of it has to be converted into a pension and rest 20% you can withdraw.
You can get the details on withdrawal from NSDL website which is CRA or NPS.

Reply

552 Dinesh Dhoundiyal

i am 53 yrs old and want to know a pension plan at the age of 60 yrs .i am
resigned from a pvt co. two yrs ago. i am getting epf pesion rs. 628/- pm from
last two yrs. i want to know a old age medical care plan from esic . pl suggest.

Reply

553 Vikas

Dinesh,

Pension plans have many concerns related to returns due to which they are less attractive. For ESIC you can view the organizations website to know the benefits.

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554 D.K. Das

Sir, I’m a central Gov. Employee since 2004 & have an compulsory/regular NPS Account, now can I take an other NPS Account with benefit of same govt. Contribution again? If yes how can I do it? Reply shortly plz.

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555 D.K. Das

reply @?

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556 Vikas

D.K.Das,

Not aware on this aspect. You can get clarification from nsdl-cra.

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557 amol Jaiswal

I was employed with maharashtra state government in 9300 basic scale and served for 2 years and resigned from job before 1 year so what is procedure to apply for the amount deducted from my salary towards DEFINE CONTRIBUTIONARY PENSION SCHEME(DCPS).
Currently I am doing job in private sector and not having DCPS scheme.

Reply

558 Vikas

Amol,

You will have to approach concerned department of your previous organization to know the procedure.

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559 Vikram Sharma

Dear Mr. Beniwal

Thanks for allowing people to ask you questions, getting answers to which is so difficult for people like me.

I am 57 and am self-employed. Opened an NPS account 4 years ago voluntarily. Somehow, I could not contribute as much as I had planned at the time of the opening of the account.

With an accumulated deposit in the range of Rs. one lac only, the pension amount I am likely to get will be negligible. In the circumstances, I am mulling many options. I wish to know the following so that I may take an informed decision before it is too late:

1. Can I close this account and get my money back? If yes, may I know the conditions and formalities for the purpose.

2. Can I continue to contribute in the account beyond 60 years of my age so as to make the annuity amount a little reasonable? If yes, the steps I need to take.

3. My POP-SP is IDBI Bank and Fund Manager (I think) is SBI. Which is the best fund manager? I have read it is LIC. Should I change the fund manager?

4. Am I bound to take annuity on maturity from the Fund Manager only or it can be different? Which is the best company to buy annuity from under NPS?

I hope, I am not bothering you with too many questions.

Regards

Reply

560 Vikas

Vikram,

1. You cannot close tier1 account in NPS. 80% of it mandatorily comes in the form of pension if you choose to exit before age 60.

2. You cannot contribute beyond the age specified in NPS.

3. The fund performance varies among different fund managers. You need to look into the category in which you have invested and then decide. The fund manager can be changed if you are not satisfied with your existing one.

4. As per CRA ” Annuity Service Providers (ASPs) are be appointed by PFRDA to maintain the annuity contribution of subscribers through their various schemes. Subscribers will have the option to invest their amount into one annuity scheme upon retirement/resignation. ASPs would be responsible for delivering a regular monthly pension (annuity) to the subscriber for the rest of his/her life.”. So you will get choice of choosing ASP during retirement.

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561 Vikram Sharma

Thanks for the reply which I find is unambiguous.

I have since come to know from a NSDL personnel that as per a recent circular, total fund lying in the account can be withdrawn at the age of 60 without paying any tax in case the total amount of fund is less than Rs. two lac. It is not necessary to buy an annuity in such cases.

I have not been able to get the concerned circular or its confirmation on the net.

Shall feel obliged if you can arrange to get the circular or link to the circular.

Regards.

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562 rohan

If i contribute 5500 rs per month & same cntribution frm govt total 11000 per month.my age is 27 …till 60 how much amount i ll get via nps??? And if till 62 thn hw much????

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563 Vikas

Rohan,

The actual will depend on the returns you generate from your investment. At this stage you can only do some estimation for the total corpus by assuming a certain rate of return.

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564 shreya

i resigned my govt job.can i close my pran a/c & get amount ?how to close it plz help me sir

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565 Vikas

Shreya,

You cannot close the account but can withdraw lumpsum maximum upto 20% before age 60.

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566 himra

Sir I’m a bank jober I have joined 20 months back I have a pran now I’m swifing to state government job with out noc can I use old pran are new one
Please reply me sir

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567 Vikas

Himra,

I think there is a provision of keeping the same PRAN when you shift from one govt job to another. You can get more information from CRA i.e. NSDL or from your govt. department who manages these affairs.

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568 amit

Vikas/Himra .

is any clear answer to this problem

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569 NEERAJ KANT

Sir
My dob is 10-08-1977 now i got govt.job in jan.2014 and my total submission is 6400 per month how much i wil get at retirement as lum sum and pension.my pran no.is 111003673185.

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570 Vikas

Neeraj,

The actual corpus you will accumulate will depend on the return you receive on your investments. At this stage you can do an estimation on the basis of some return expectation.

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571 sonia rai

Dear Sir,

My husband pass away on 15 april 2014, he was in haryana police , he is in NPS Scheme (PRAN) , but he make nomiee to his morther before marriage but that no change in nomiee , so will i get pension for the same, or his morther, or lumsum amount, if my self then wht i hv to do for the above.

Reply

572 Vikas

Sonia,

You are one of the legal heirs of your husband estate. If your husband has written any will then the distribution of his estate will be according to it. But if not then you will have to produce the succession certificate to claim your share. Do remember that a mother stands in class 1 legal heirs and so will have equal share in your husband assets. If there is no Will then assets of the deceased are distributed equally among the legal heirs.

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573 vishal

hi , i am vishal , sir nps fund do i m refund

Reply

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