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National Pension System (NPS) — voluntary retirement pension (2026)

Voluntary retirement pension scheme. Equity + debt mix. Up to 60% lump-sum + 40% annuity at age 60. Tax benefit Rs 50K extra under 80CCD(1B).

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—yojana:nps-pension [2026/05/05 04:27] (current) – created - external edit 127.0.0.1
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 +{{htmlmetatags>
 +metatag-keywords=(nps, national pension system, nps tier 1, nps tier 2, nps tax benefit)
 +metatag-description=(Voluntary retirement pension scheme. Equity + debt mix. Up to 60% lump-sum + 40% annuity at age 60. Tax benefit Rs 50K extra under 80CCD(1B).)
 +}}
  
 +====== National Pension System (NPS) — voluntary retirement pension (2026) ======
 +
 +{{:social:auto:yojana-nps-pension.png?direct&1200 |National Pension System (NPS) — voluntary retirement pension (2026) — RTI Wiki}}
 +
 +<WRAP info>
 +**Tax-efficient retirement corpus + lifelong pension. 60% lump-sum + 40% mandatory annuity at age 60.**
 +
 +**Launched:** 2004  ·  **Issued by:** Pension Fund Regulatory & Development Authority (PFRDA)
 +</WRAP>
 +
 +===== Who is eligible =====
 +  * Indian citizen (resident or NRI), age 18-70 entry
 +  * NRIs eligible too
 +  * Voluntary; all sectors (govt + private + self-employed)
 +  * Aadhaar + bank account
 +
 +===== What you get =====
 +Equity + corporate bonds + govt bonds + alternate (Tier 1, lock-in till 60) and Tier 2 (no lock-in). Tax benefits: Sec 80CCD(1) up to 10% of salary + Sec 80CCD(1B) extra Rs 50K + Sec 80CCD(2) employer contribution. At 60: 60% lump-sum (tax-free) + 40% annuity (taxable).
 +
 +===== How to apply (step-by-step) =====
 +  - **Open NPS account online (eNPS)** — enps.nsdl.com or via bank/POP.
 +  - **Choose POP-Service Provider** — Banks, India Post, online platforms.
 +  - **Choose investment mode** — Active (you choose mix) or Auto (lifecycle-based).
 +  - **Choose pension fund manager** — 8 PFMs available; switching allowed once a year.
 +  - **Contribute (no minimum after first Rs 500)** — Online or auto-debit.
 +  - **At 60 — withdraw 60% lump-sum, 40% annuity** — Buy annuity from any of 7 ASPs.
 +
 +===== Documents needed =====
 +  * Aadhaar
 +  * PAN
 +  * Bank account
 +  * Photograph + signature
 +
 +===== Timeline =====
 +PRAN (account number): same-day for online; 7 days postal.
 +
 +===== Portal + helpline =====
 +  * **Official portal:** [[https://npscra.nsdl.co.in|npscra.nsdl.co.in]]
 +  * **Helpline:** NPS: 1800-2222-80
 +
 +===== Common issues =====
 +  * Annuity rates fall over time — choose right ASP (LIC, HDFC, etc.) at 60.
 +  * Premature withdrawal restricted — only for terminal illness, marriage of children, or buying first home.
 +  * Tier 2 less tax-advantaged but more flexible — separate account from Tier 1.
 +  * Fund manager change allowed once a year only.
 +
 +===== Benefit delayed or rejected? File an RTI =====
 +
 +Most "delays" or "rejections" clear within 7-15 days of an RTI being filed. Use this 5-question template:
 +
 +<code>
 +1. Status of my application no. _____ dated _____ as on date.
 +2. Name + designation of dealing officer assigned to my file.
 +3. Reasons for delay beyond the statutory timeline.
 +4. Copy of any noting / movement of my file in the past 30 days.
 +5. Likely date of disbursement / decision.
 +</code>
 +
 +**Auto-fill the PIO + your case:** [[:citizen-rti-playbook|Open the AI RTI Drafter →]]
 +
 +**More schemes for you:** [[:audience:senior-citizens|All senior citizens schemes]]
 +
 +===== Frequently asked questions =====
 +==== Is NPS guaranteed return? ====
 +No — market-linked. Equity gives long-term growth; debt + bonds smooth volatility.
 +
 +==== Tax benefits really Rs 2L? ====
 +80CCD(1) up to 10% of salary (within 80C limit Rs 1.5L) + 80CCD(1B) extra Rs 50K = Rs 2L total.
 +
 +==== Can I exit fully at 60? ====
 +No — at least 40% must buy annuity. Up to 60% lump-sum + 40% annuity. Pension lifelong.
 +
 +==== Fund management fees? ====
 +Among lowest globally — 0.01% to 0.09% per annum. Cheaper than mutual funds.
 +
 +===== Summary + next step =====
 +
 +<WRAP center round tip 90%>
 +**Bottom line:** Tax-efficient retirement corpus + lifelong pension. 60% lump-sum + 40% mandatory annuity at age 60. Apply at **npscra.nsdl.co.in**. If delayed beyond timeline, file an RTI — most cases clear within 15 days.
 +
 +  * **Apply now:** [[https://npscra.nsdl.co.in|npscra.nsdl.co.in]]
 +  * **If delayed — RTI Drafter:** [[:citizen-rti-playbook|File RTI in 5 minutes]]
 +  * **Browse all 150 yojanas:** [[:yojana:start|Sarkari Yojana index]]
 +</WRAP>
 +
 +===== Related =====
 +  * [[:yojana:start|All 150 Sarkari Yojanas]]
 +  * [[:check-status:start|25 status-check guides]]
 +  * [[:documents:start|30 documents-required checklists]]
 +  * [[:how-to-apply:start|25 how-to-apply guides]]
 +  * [[:rejection-recovery:start|16 rejection-recovery guides]]
 +  * [[:audience:start|10 audience-hub schemes]]
 +  * [[:helplines:start|32 helplines + grievance routes]]
 +  * [[:citizen-rti-playbook|Full RTI Playbook]]
 +
 +===== Sources =====
 +  * Official portal: npscra.nsdl.co.in
 +  * Issued by: Pension Fund Regulatory & Development Authority (PFRDA)
 +  * Launched: 2004
 +  * Citizen feedback via [[https://righttoinformation.wiki/tools/awaaz-rti.html|%%AwaazRTI%%]] (composite, identifying details removed)
 +
 +//Last reviewed: 26 April 2026.//
 +
 +{{tag>yojana sarkari-yojana nps-pension}}