NPS aims at ensuring monthly income based on your contributions to Your NPS A/c and goverment support under SWAVALAMBAN Scheme.
is for you and for all!!!
NPS is an initaiative of the Goverment of india and PRADA .NPS was initially for goverment employee, and was later extended to all citizens of india .NPS/Swavalamban scheme was launched in recogination of the need to provide old age income security to marginal income earners and to economically disadvantageed
section of society
As part of the Goverment initiative towards 'Financial Ministaer has announced "Swavalamban" to encourage subscribers to
encourage subscribers to start saving for their old age,Govt. of India will also contribute Rs. 1,000 per year for the NPS -Swavalamban accounts Opened in 2012-2013 for five(5) years.
Each subscriber will get an identity card with his photograph,
name and signature ,
known as "PRAN Card". this card establishes his/her membership of the NPS -Swavalamban.
Each subscriber can contibute as low as Rs. 100 per month.
there is no fixed monthly contribution.Contribution can be made,
whenever the subscriber is comfortable and has the necessary disposable income.
To avail the Swavalamban benefits of Rs. 1,000 - the subscriber has to deposite a minimum of Rs. 1,000 and a
maimu of Rs. 12,000 during each year.
Money will be collected by organizations, known as "Aggregators", approved by
the list of aggregators , approved for collection of contribution of NPS-Swavalamban
scheme , will be displayed on the PFRDA's .The Aggregator will collect the money and issue a reeciept
to the subscriber.The aggregator will deposite the collection every Friday(By UPLOADINGON THE SYSTEM)
in a designated NPS-Swavalamban Accounts.
At present ,NPS-Swavalamban scheme is the same as mandated
for the Goverment servants i'e upto 55% in goverment securites , upto 40%
in corporate Bonds up to 5% in money market
and upt0 15% in equity .
once a year statemnt of Account (SOT) of the entire contributions and market value
of the corpus will be sent to the aggragtor fo distributions to the subscribers .