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.

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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.

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Hemant Beniwal is a CERTIFIED FINANCIAL PLANNER and his Company Ark Primary Advisors Pvt Ltd is registered as an Investment Adviser with SEBI. Hemant is also a member of the Financial Planning Association, U.S.A and registered as a life planner with Kinder Institute of Life Planning, U.S.A.
He started his Financial Planning Practice & TFL Guide Blog in 2009. “The Financial Literates” is a dream & mission to make Indians Financial Literate.

689 COMMENTS

  1. 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

    • @ 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 [email protected]

      • 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

        • 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

            • Sir,
              I have been appointed under State Govt. of Assam in the year 2008 at the age of 29. My retirement will be in the year 2039. My contribution towards NPS is Rs. 3200/-pm including empoyers share. Now, let me know wkat will be my pension pm after my retirement.
              With regards
              Raktimava Dey
              Dist. Hailakandi, Assam
              (m) 9435095519

      • 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..

    • 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

    • Good evening sir,I had join delhi police in 3/7/2006.After that I resigned my job on 25/3/2011. Now I want to withdrawal my money.please sir tell me how should I withdrawal my money from pran(nps)

  2. 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).

    • @ 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.

  3. 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?

    • @Prasad

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

  4. 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!

  5. 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.

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

      • 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.

        • 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.

        • 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.

  6. 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.

          • 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..

          • 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.

          • sir my orange no is 110031065935 I forgot my password and also my account has been lockedlocked.pleaseplease send me new password thanks.

      • 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.

  7. 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?

    • 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/

    • 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.

      • 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.

  8. 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.

    • 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 🙂

  9. 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?

    • 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.

  10. 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.

  11. 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.

    • 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.

  12. 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.

    • 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.

  13. 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.

  14. 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 🙂

    • 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.

    • 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

  15. 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) ?

  16. 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].

    • 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 🙂

  17. 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

  18. 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

    • 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.”

  19. 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.

  20. 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?

    • 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.

  21. 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

    • 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.

  22. 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.

  23. 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.

  24. 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

      • Dear Sir,
        I am a govt employee and am not sure for staying here for long. My grade pay is 5400 and Basic is 15600. DA is currently 107% making total income Rs.43430.
        What minimum deduction can I avail to my PRAN a/c under NPS so that when I leave, I bear minimum loss(as withdrawing more than 20% from PRAN a/c is not allowed before 60 years of age).

  25. 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.

  26. 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.

  27. 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?

  28. 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?

    • 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)

  29. 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

    • 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?

  30. 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.

  31. 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

  32. 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

    • 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.

  33. 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

  34. 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

  35. 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.

    • 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.

  36. 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.

    • 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

  37. 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?

  38. 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

    • 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.

      • 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?

  39. 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.

  40. 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.

    • 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.

  41. 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.

  42. 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.

    • 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.

  43. 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.

  44. 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.

  45. 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?

  46. 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

  47. 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

    • 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.

  48. 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.

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

  50. 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

  51. 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

  52. 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.

  53. 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.

  54. 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.

  55. 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

  56. 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!!

  57. 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/-

  58. 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.

  59. 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.

  60. 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

  61. 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

  62. 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.

  63. 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?

  64. 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.

  65. 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?

  66. 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.

    • 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.

    • 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.

  67. 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

  68. 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

  69. 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.”

  70. 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.

  71. 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?

  72. 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

  73. 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.

    • 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.

  74. 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

    • 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 .

  75. 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

  76. 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

    • 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

  77. 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.

  78. 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

  79. 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

    • 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 ?

  80. 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?

  81. 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?

  82. 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.

  83. 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

  84. 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

  85. 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?

  86. 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

  87. 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?

  88. 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

  89. 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.

  90. 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.

  91. 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

  92. 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 ?

  93. 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?

  94. 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 …..

  95. 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

  96. 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

  97. 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

  98. 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

  99. 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?

  100. 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

  101. 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!

  102. 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

  103. 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.

    • 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.

  104. 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%.

  105. 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

  106. 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

  107. 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?

  108. 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 ?

  109. 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

  110. 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.

  111. 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

  112. 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)

  113. 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

  114. 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.

  115. 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 ?

    • 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.

  116. 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.

  117. 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?

    • 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.

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

  119. 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?

    • 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.

  120. 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.

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

  122. 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.

  123. 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.

  124. 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

  125. 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?

    • 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.

  126. 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.

  127. 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?

  128. 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.

  129. 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.

  130. 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.

  131. 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.

  132. 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?

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

  134. 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.

  135. 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

    • 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

  136. 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?

  137. 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

  138. 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

  139. 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 )

    • 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.

  140. 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.

  141. 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?

  142. 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

  143. 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

  144. 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?

  145. 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

  146. 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 ?

  147. 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 .

  148. 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

  149. 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.

  150. 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.

  151. 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

    • 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…

  152. 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.

  153. 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.

  154. 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

  155. 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

  156. 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.

  157. 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.

  158. 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.

  159. 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?

  160. 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………..

  161. 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

  162. 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?

  163. 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.

  164. 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.

  165. 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

  166. 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.

  167. 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?

  168. 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.

  169. 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

  170. 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

  171. 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.

  172. 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.

  173. 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

  174. 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

  175. 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

  176. 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.

  177. 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??

    • 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 ?

  178. 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.

  179. 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??

  180. 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…

  181. 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

    .

  182. 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?

  183. 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

  184. 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.

  185. 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.

  186. 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

  187. 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

  188. 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

  189. 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.

  190. 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)

  191. 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 .

  192. 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?

  193. 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

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

    • 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.

  195. 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

  196. 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?

    • 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.

  197. 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.

    • 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.

  198. 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.

  199. 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

    • 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.

  200. 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.

    • 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.

  201. 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

  202. 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/- ?

  203. 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.

  204. 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

  205. 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

  206. 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

    • 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.

  207. 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

    • 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.

  208. 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.

    • 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.

  209. 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.

  210. 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.

  211. 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.

    • 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.

  212. 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

  213. 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.

    • 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.

  214. 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.

  215. 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

  216. 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

    • 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

  217. 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.

  218. 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.

    • 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

    • 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.

  219. 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

  220. @ 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.

  221. @ 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.

  222. @ 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

  223. @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.

  224. @ 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.

  225. @ 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.

  226. @ 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.

  227. @ 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.

  228. 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

    • 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.

  229. 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

    • 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

  230. 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?

  231. 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.

    • 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.

  232. 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

  233. 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

  234. 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 .

    • 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.

  235. 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.

    • 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.

  236. 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.

    • 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.

  237. 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?

    • 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.

  238. 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?

    • 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

  239. 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.

  240. 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….

    • 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.

  241. 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

    • 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.

  242. 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

    • 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.

  243. 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

  244. 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..

    • 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.

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

    • 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.

    • 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.

  246. 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 .

    • 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.

  247. 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.

    • 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.

  248. 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

    • 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.

  249. 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.

  250. 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

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

    • Dear Mr.Santha,

      Are you talking about NPS or pension from the government.

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

  252. 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.

    • 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.

  253. 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.

    • 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.

  254. 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

  255. 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.

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

    • 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.

  257. 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

    • 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.

  258. 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.

    • 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.

  259. 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

    • 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.

  260. 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….

  261. 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.

    • 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.

  262. 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

    • 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.

  263. 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

    • 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.

  264. 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.

  265. 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.

    • 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.

  266. 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.

    • 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.

  267. 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.

  268. 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.

  269. 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

    • 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.

  270. 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..

    • 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.

      • 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

  271. 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.

  272. 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

    • 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.

  273. 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

    • 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..

  274. 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

    • 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.

  275. 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.

    • 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.

  276. 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.

  277. 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.

  278. 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

    • 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.

      • 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.

  279. 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????

    • 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.

  280. 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

    • 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.

  281. 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.

    • 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.

  282. 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.

    • 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.

  283. Hello sir, im a maharashtra gov employee in dcps scheme…… I hv recently got a job in delhi gov….. can I originate a new nps acct….. I wl hv to transfr my dcps…..kindly guide

  284. sir,
    I am a govt. employee. I have lost my PRAN kit which was sent by NSDL and number also. now what will I have to do for get the PRAN kit and NUMBER which was already allotted me…

  285. Dear sir, it is mentioned that the NPS account will be closed if the subscriber changes citizenship. but in this case what shall happen to the amount deposited? on account of marriage i may have to accept the citizenship of another country. if the account is then closed can i withdraw and remit the entire amount to my new country?

  286. I want to calculate the maturity amount of NPS.
    if i invest 6000 pm till 30 years.
    and increase the investment by 10% each year
    like in first year invest 6000 pm
    in second year: invest 6600 pm and so on… till 35 years

  287. I have recently applied for PRAN, giving my permanent address as Bangalore, however I’ve been transferred to Jammu a few days back. Also my mobile no is changed. How would I be able to know my PRAN ??? would I be getting the number via email?

  288. Hello sir
    I worked as a sub inspector in cisf for 3½ years and i quit the job due to some domestic reason. Thereafter I was selected as a sub inspector in Delhi police and within few days i have to join there.
    Now my query is that
    1)whether i can open a new account in nps without withdrawing from the current one ?
    2) if i withdraw from the nps now, then can i open again a new account after joining in Delhi police?
    3) should i continue with the same nps account? (as i had not disclosed that i was a central government employees earlier)
    4) what will i have to do for the continuation of the same nps?
    Sir eagerly waiting for your reply
    Please reply atleast for query 3)
    Regards
    Narender

    • Narender,

      In case of state employment you should be able to open a new account with same PRAN . For more details you should enquire from your existing employer.

  289. Hello sir,
    I am a govt employee and my current nps contribution is 5625/- per month. I shall retire in 2048. I want to know
    1. What is the current rate of return in nps scheme for govt employees?
    2. Will nps be sufficient as a retirement tool or I need to invest more towards retirement?
    3. How much can I expect to get at the end of my service considering my contributions to nps increases 3% per year.

    • Sayan,

      1. there is no fixed rate of interest. You get returns as per fund performance.
      2. You will have to identify your retirement corpus to analyse whether your retirement corpus is sufficient.
      3. Your accumulation will largely depend on the the fund allocation you choose. There can be no clear identification of this corpus but only an estimation can be done based on certain assumptions.

  290. Dear Sir/ Madam
    I have resigned from my present center government organisation and i have joined PSU. i am already member of NPS. My PRAN no. is 110030339477 and DOB is 21.08.1980. My new company is a PSU, which has its own PF system. i want to continue NPS account as a member. Please give suggestion about this as soon as possible.

  291. I am a central govt. Employee for last 6 months. Recently I got my PRAN. No contribution has been made yet. I do not want to go with this scheme. Is it possible or it is mandatory to invest in it? Please reply soon.

  292. I work for a multinational company. I want to invest in NPS. But as you said only employer can contribute to NPS. So I checked with myy company. They said they dont have NPS option. How can I deal with this situation?

  293. what is an Average return on NPS for Government employees.. can you plz give the details year wise starting from introduction of the scheme?

  294. I am looking to invest in NPS. Can you advice on this? I will invest rs 500 per month my age is 30 what is the return output at age 60? which brand (lic::icici:: uti:::brila) i have to choose

    • Jagan,

      The minimum investment required in NPS is 6000 so you can invest with R 500 p..m. The return is not assured and based on performance of the fund you choose.

  295. Sir,
    At present I am 54+ (31-7-1961) years old, How I can open nps account and how much amount I need to deposit in this scheme to get at least 10000/- pm after retirement.
    Thanks
    Dinesh

  296. I was working in centre govt dept. and was contributing in NPS. I have resigned and joined a PSU which has its own PF system. Now I am not contributing in NPS account. I want to continue in NPS system. Can anybody guide me procedure for shifting this account as individual.
    Thanks

  297. Sir,
    I am a central govt employee in last 3 year. Can i withdrew some amount in my PRAN account . If it is possible for withdrew some percentage of money and continue my present job. If yes pls tel the conditions and procedure for withdrew

  298. (1) Is sec 80 CCD (1B) a part of 80 CCD (1) and hence investments under 80 CCD (1B) limited to the overall limit of 1,50,000 of 80 CCE ?
    or
    (2)Is sec 80 CCD (1B) outside the overall limit of 1,50,000 of 80 CCE (like 80 CCD (2) ?
    NOTE (1) : In SWAMYS income tax book in pg no. 129, example 14, it is illustrated that 80 CCD (1B) is limited to the overall limit of 1,50,000 of 80 CCE .
    NOTE (1) : BUT WHEN ASKED THE TOLL FREE NO. of NPS, they said that sec 80 CCD (1B) outside the overall limit of 1,50,000 of 80 CCE (like 80 CCD (2) ?
    ********************* WHICH IS CORRECT ??? !!!! ????
    JAYA KUMAR, PGT,
    KENDRIYA VIDYALAYA, TAMBARAM, CHENNAI.

    • Jaya Kumar,

      Tax benefit in NPS is within the limit of Sec 80C i..e Rs 1.5 Lakh. However, the new section introduced in Budget 2014 (U/s 80CCD(1B)) there is additional deduction of Rs 50000. This is addition to Sec 80C which simply means that in total the tax benefit in NPS is Rs 2.0 lakh.

      • Yes. It is additional benefit. i.e. total 2 lakh, You can refer to budget speech of finance minister where the calculations have been shown and this 50000 has been allowed there. if not it would have been otherwise. So the intention of govt is to allow it additionally. but swamy has interpreted in a wrong way due to the section numbers. however tds circular will clarify everything. Hope it is released in december 15

  299. Sir i am central govd employ i joined job year 2004 my at this time basic 9090 grade 2000 me val. Retarment after 20 year to whats is ammount after 20 year and pension per month 20 year plzz sir reply me..

  300. My very BIGGEST QUESTION is whether contribution of Rs. 50000 under section 80 CCD ( sub divi 1B ) is over and above the overall limit of 1,50, 000 of section 80 CCE ???????????????????? !!!!!!!!!!!!!!!!!!!!!
    PLEASE REPLY !!!!!!!!!!!!!!!!!!!!!!!1

  301. Sir, If I have enrolled in Atal Pension Yojna and allotted a PRAN number, can I still enroll for NPS. As NPS also allocates a unique PRAN number, we are confused.

  302. Dear sir
    I joined the central reserve police force in october 2004 and resign august 2009 . Please tell me the process to withdraw my epf money.

  303. Dear Sir,
    I made a premature exit from NPS (a debt-oriented hybrid scheme. Am I right?) Tier I account on 11-12-2014 and Tier II account on 27-02-2015. Upon exit I was faced with a problem as to how to calculate capital gain (Long Term as well as Short Term) on the 20% of my accumulated wealth of Tier I account (Rs. 5583.83, credited to my bank account on 16-12-2014) and on the entire wealth (a mere Rs. 1410.90 of Tier II account, credited to my bank account on 27-02-2015). (The NPS team has yet not provided me with a capital gain statement. My pension fund manager is ICICI Prudential Life Insurance Company.)
    I have now been able to calculate my total gain on Tier I and Tier II accounts with the help of the Transaction Statement I have been provided with).
    As for as my gain on Tier II account is concerned, it is clear enough- a mere Rs 410.90-, as my total contribution to this account was a mere Rs 1000, which I had made on 06-09-12. My capital gain on Tier I account comes to Rs 1670.98. (The last time I contributed to this account was on 16-09-13.)
    I suppose my gains on both the accounts are short-term.
    Now I want to know how I can calculate tax on the total gain (Rs2081.88) and where I should show this figure in ITR 2 (excel) from.
    Please help me. (Please tell me also how I can get a capital gain statement from the NPS team or ICICI Prudential Life Insurance Company, or any other source.)
    I look forward to hearing from you at your earliest convenience.

    Thanking you, in anticipation.

    Faithfully, yours

    Sanjay Kumar Srivastava
    Cell No.: 9794708019

  304. Most Urgent:
    Sir, I am Central govt employ now i selected another central institute but iam inform and take noc from home dept but at the time of application iam not mentioned for new dept but what is the procedure for NPS account i mentioned in application unemploy

  305. Respected sir, i havebeen wrking in sbi from two year now slected as auditor in cag without taking noc from sbi due to carelessness also not informed during recruiting process in new deprtment can my nps acct be allowed to my new department without noc from previous department and only on the basis of resigning lettre from previous employer……pl tell sir as soon as possible…..

  306. My previous employee gave me DA of 72% in spite of 107 % , i leave (resign) the job and my service is 6 year and 11 months. I have some doubt regarding graduity as under:

    [1] Whether i will get graduity of 5 year or 6.11 year?

    [2] If i will get graduity, then it is based on 72% or 107% DA?

    Regards,

  307. Hai

    I am an NRI like to open an NPS account. My date of birth is 10/4/1973. If I put 5000/- per month after 60 years how much I get as pension. (for getting a pension of 25,000/- how much should I pay every month)

    Your reply is appreciated.

  308. sir,
    i am a govt employee in education department, recruited in 2011. I want to know..Is the priority based system existing. means in case of unfortunate miss-happening. Would my wife who is nominee get government job.

  309. Dear sir I am a teacher. I joined jan.2011.my d.o.b.10-04-1978.I retire on 2036.my monthlydeduction is 3400 rs.that time .please tell me after retiere my monthly pention and lum sum

  310. Hi Sir.. My self is Suresh i’m working in Karnataka Sate police dept. i got job in LIC its a central govt undertaking corporation.. Can i Continue my NPS in LIC or Can i withdraw my NPS amount???

  311. I am in state govt employee at karnataka edaucation department

    Npa cutting in my sallery but i am not receave pran card what am i doing? Answer me

  312. Sir my name is Chandrashekar iam also govt employee since 2010 backlog amount is nil & deduction for nps scheme is3400 Plus 3400 Employer Contribution (govt). how much pension& lumsum amount i will get at the end of retirement my retirement date is 31-6-2040

  313. Sir mai abhi post office me as a central government employ kam kar raha hu. Mera DA(cag) me selection hua hai per department mujhe NOC nahi de raha hai kya .
    Mera yaha pe nps khul chuka hai
    Kya mera naya nps khulwa sakta hu ya nahi agar naya khulega to age koi samasya to nahi na ayegi?

  314. Hi
    I had quit my job after few months of working at central govt deptt. Now not working anymore. Last NPS contribution was made on Oct 2013.

    I really would appreciate if you can tell me what will happen to my NPS account. Will it be freezed?/ Or the amount will remain invested till I reach 60 although no contribution being made?/ Can i contribute personally?/ Can i make withdrawal request?

    Please please throw some light on this query.

    Thanks in advance.

  315. What if a haryana government employee joins Delhi government without proper channel and hiding previous employment details.. Will the new PRAN be issued without problem?

  316. Sir Mera naam Shivanand Asode hai aur mein karnataka ka rahane wala hu mein 15/04/2015 ko BSF join kiya tha aur 30/06/2015 ko resignation diya hu. Ab 6/7 mahime hogaye hai sir Ab tak mera CPF nahi refund huwa hai mujhe sirf mera pay se kata paisa wapis chahiye intrest nahi chahiye. Kab kaise milega batayiye please my no 9739649003

  317. sir,
    can i widrow few amount form my pran account. i m a state govt. emp. at persent time. if it is possible plz tell the process.

  318. Please clarify whether Section 80ccd(1) exemption of Rs 50000/- applicable for employees under contributory pension scheme raising the exemption limit under 80c +80ccd(1) to 200000/-.

  319. Hi,
    I have a question.

    I was a central govt employee from August, 2014 to May 2015 and I resigned from service on june 2015. Now I wish to continue to contribute to nps account and wish to change the plan from central govt. plan to customized plan . …. Is this possible ?…if yes then what is the procedure?

  320. sir my pran no. 10020075380 hia meri fund valu kitni hogi . i change my mobile please help me . what system to change mobile no. in cra .

  321. Hi,
    I just loved the Q-A session. I have almost the same question out of curiosity.
    Currently MY NPS contribution is 6000 per month. Current balance is approx 4.5 lakhs.
    DOB is Feb’87.
    What can i expect after retirement?
    Thanks in advance

  322. Sir,
    i am state employee of J&K govt and my date of birth is 1969 , have joined in 2014 in Govt sector. And my Deduction of NPS Rs.1698 i.e 3398. Let me know what will be my total amount payable at the time retirement.

  323. sir, I want to know how much time it will take to reflect in my CRA statement after online voluntary contribution which is routed through SBI,Mumbai

  324. I am central govt employee per month deduction 2000 2000(govt) total 4000. let me know after 34 year retirement total and pension pm

  325. SIR, I HAVE SUBMITTED MY APPLICATION FOR NPS THROUGH
    POPSP- SBI RAMBAGH COLONY GWALIOR
    POPSP REG. NO. : 6072124
    BUT SO FAR I HAVE NOT RECEIVED MY PRAN.
    I WAND TO DEPOSIT MONEY BEFORE 31.03.2016
    KINDLY HELP.
    REGARDS

  326. sir iam a medical officer in government service please provide me new user name and id as i have forgotten and i want to withdraw some amount from tier 1 please guide and advise for house construction………….

  327. Sir ,
    I am a central govt employee at New Delhi
    Previously I worked in Bangalore (central govt).I joined my new job after obtaining NOC from previous employer. I got my PRAN after joining my new employer (New Delhi). But my NPS contribution was being deducted from my previous employer at Bangalore. Could u please tell me how to update that deduction to my PRAN account ?

  328. Sir
    My PRAN no. is 110051544371 I am not getting my statement after 2014. My registered mobile number has also changed. My new mobile number is 08120862057. Please tell how I can get statement, my address is same as I registered and how I can change my mobile number in your record. So that I can get regular statements.

    Thanking you

  329. Dear Sir,

    I only wish to know the date (year / month) when this Scheme, which I think is the same as National Pension Scheme, became available for Private Sector employees – I am working in an IT Company Mumbai

  330. Sir, I worked in Institute under a Ministry and resigned after working for one year. NPS contribution was deducted but I never received any NPS account number or any other details for that matter. Is there any provision regarding deduction and non-deposition of contribution? What recourse do I have?

  331. Sir, please clarify, who is eligible for corpus amount in case of a death of person before attaing age of 60 yrs?
    marriage after death of nps subscriber, can wife is eligible for getting final amount as not being a nominee

  332. Hello hello sir
    I am gujarat goverment employees.the parcel of PRAN KIT -parcel number CMO3498 Delivered on 27-06-2016 at head post office, palanpur, banaskantha, gujarat. But due to mistake of Jila Panchayat , Banaskantha the parcel was not recieved there and returned to delisle road on 4-7-2016. Some one recieved that parcel from that post office.

    I lost PRAN number which was send through message to my mobile because of phone damage

    I have PPF number which was alloted from gujarat government.

    I want to fill S2 form for re-issue duplicate pran kit. But without PRAN number, not possible to fill that

    I have no idead and way to receive prankit again. Any office is not help me for this kind of situation. So I humble request to you, please help me for getting myPRAN number

    Please

  333. After attaining age of 60 does the annuity of NPS remains same for life or it would get inflation adjusted from time to time yearly eg. Now for old government employee and private employee when they retire they get basic pension + DA % increment on yearly as inflation adjusted, my question is there any provision like that in new NPS system?

  334. sir i need your help from you.
    i joined in railway on 06/09/2004
    from the appointment PF was deducted from my salary
    i come under NPS and my PF amount from august 2008 was reflected in the CRS-NSDL site
    What happened to my money before august 2008
    will it be reflected in NPS or not
    please let me know from you sir

  335. Respected Sir

    I am a government employee and i take tax benefit for NPS share, and i had registered in Atal Pension Yojna.
    So i ask you can i take take tax benefit for both scheme NPS AND APY Under section 80CCD

  336. I required some advice from you. I have retired from bank in nov. 2016. I have received some funds i.e. gratuity, pf,& leave encashment. Please tell me witch amount is taxable.
    Want to open some a/c in my son name who is working in private firm for his retired life
    (ppf or nps ).

  337. Dear Hemant,
    I was in State Govt Job and quit that. I close my PRAN account and purchased annuity. Now I got opportunity in Central Govt. Should I intimate about my previous PRAN or it is no longer required.
    Will it be a problem for me?

    Thanks

    RCK

  338. Hello !!! My daughter has paid subscription for four years, now she has shifted permanently herself to Europe and no more interested in NPS as NRI , what option she has ?

  339. RESPECTED SIR/MADAM,
    I AM A STATE GOVERNMENT EMPLOYEE COVERED WITH OLD PENSION SCHEME AND HAVING GPF ACCOUNT. CAN I OPEN NPS ACCOUNT.

  340. Sir, i regularly check my account statement on NPS application downloaded online. I have found that my account balance sometimes goes in negative, whereas it should always go in an inclined mannered manner. Please help me Sir.

  341. Hi Sir.. My self is Arunava Samajdar i’m working in South Bihar Power Distribution Company Limited. I am interested in Housing Loan Against NPS.
    Please tell me how to get a Housing Loan through NPS …???

  342. Sir i am state govt employee. as per rule 10% of basic+D.A. from my salary is deduted for NPS. is this possible to increase the contribution towards NPS ? may i additionaly contribute to increase the contribution amount ??

  343. Dear Hemant,
    My Age is 38 Year and i had started depositing in NPS from 2015 @ 50000/year.
    Pls confirm how much i will get pension after retirement of age 60years.
    And i will not withdraw any amount.
    And also confirm Pension will be fixed or it will be increase as per govt. pay commission..

  344. Hello Sir/Madam
    My Pran Number 110088128995
    I am state government employee. I am getting my Transaction Statements though me email address every month shown as below :

    The total contribution to your pension account till May 31, 2017 was Rs. 0.00.
    The total value of your contributions as on May 31, 2017 was Rs. 0.00
    Your contributions have earned a return of Rs. 0.00 till May 31, 2017.

    Kindly tell me I want to know my recent balance, means what is the total amounts are added in my account

  345. Sir,
    I have NPS (Pran) for my mother from 3 years rs 1000/Year
    But presently Bank not received money for deposit in NPS a/c
    first I deoposited from HDFC Bank
    but presently they are not received and refer to SBI
    SBI also not received
    please advise some solution What would i do?

  346. Sir,
    I worked in a ngo organization for 28 years. First my pension was Rs.1715/=pm, but from july’17 I started getting Rs.1901/=pm.I retired on 23rd Dec’10. Now much pension should I get?
    Promilla

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