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National Pension System i.e. NPS is a retirement saving scheme. This scheme is mandatory for government employees and optional for private sector employees. In this scheme, you also get tax benefits of up to Rs 2 lakh under sections 80CCD (1) and 80CCD (1B) of the Income Tax Act 1961. Indian citizens or NRIs from the age of 18 to 70 years can participate in this scheme. This scheme was started on May 1, 2009. The objective of this scheme is to provide pension and investment security for old age to the citizens of India. Through NPS, customers can plan their retirement through safe and regulated market-based returns. This scheme is controlled by the Pension Fund Regulatory and Development Authority (PFRDA).
Which fund gave the highest return
The NPS portfolio invests in various asset classes such as equity, government bonds, corporate bonds and alternative investment funds. Today we will tell you how much return equity assets have given in the last 1 year. DSP Pension Fund Managers has given the highest return of 26.51 percent in the last one year. While the lowest return has been given by LIC Pension Fund. It has given a return of 14.94 percent. Apart from this, Aditya Birla PFM has given 16.31 percent, Axis PFM 17.78 percent, ICICI PFM 19.73 percent and UTI PFM 22.75 percent return in the last one year.
How to open NPS account online
To open an NPS account online, first you have to visit the CRA website. Currently, there are three CRAs - CAMS, KFin Technologies and Protean eGov Technologies. You can start the process of opening an NPS account by visiting their website.
- Step 1. Visit the website of any of the three CRAs.
- Step 2. Now you have to enter mobile number, PAN and email ID.
- Step 3. After this, OTP will come on your mobile. Enter it.
- Step 4. After this you will get the PRAN number on mobile and email. Now your NPS account has been opened. Now you can start investing.
Open NPS account offline like this
To open an NPS account offline, you have to search for your nearest Point of Presence (PoP). These can be banks, post offices and government offices. You can get the list of POPs by visiting the PFRDA website. You will have to go to the POP and get your KYC done. After this, you can open an account by depositing Rs 500 in the NPS Tier 1 account.
