SBI PENSION FUND SCHEME - CENTRAL GOVT - 25.6443 as on 23-02-2018 || SBI PENSION FUND SCHEME - STATE GOVT - 22.0275 as on 23-02-2018 || SBI PENSION FUND SCHEME E - TIER I - 23.3585 as on 23-02-2018 || SBI PENSION FUND SCHEME C - TIER I - 24.3355 as on 23-02-2018 || SBI PENSION FUND SCHEME G - TIER I - 22.0028 as on 23-02-2018 || SBI PENSION FUND SCHEME E - TIER II - 21.5448 as on 23-02-2018 || SBI PENSION FUND SCHEME C - TIER II - 22.2761 as on 23-02-2018 || SBI PENSION FUND SCHEME G - TIER II - 21.0091 as on 23-02-2018 || NPS TRUST A/C-SBI PENSION FUNDS PRIVATE LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 20.8096 as on 23-02-2018 || SBI PENSION FUNDS PVT. LTD. SCHEME - CORPORATE-CG - 16.3392 as on 23-02-2018 || NPS TRUST - A/C SBI PENSION FUND SCHEME - ATAL PENSION YOJANA (APY) - 12.3569 as on 23-02-2018 || SBI PENSION FUND SCHEME A - TIER I - 10.9203 as on 23-02-2018 || SBI PENSION FUND SCHEME A - TIER II - 20 as on 23-02-2018 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME- CENTRAL GOVT - 24.9466 as on 23-02-2018 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME- STATE GOVT - 22.2076 as on 23-02-2018 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME E - TIER I - 27.456 as on 23-02-2018 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME C - TIER I - 22.0208 as on 23-02-2018 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME G - TIER I - 19.807 as on 23-02-2018 || UTI RETIREMENT SOLUTIONS SCHEME E - TIER II - 22.2533 as on 23-02-2018 || UTI RETIREMENT SOLUTIONS SCHEME C - TIER II - 21.0445 as on 23-02-2018 || UTI RETIREMENT SOLUTIONS SCHEME G - TIER II - 20.3233 as on 23-02-2018 || NPS TRUST A/C-UTI RETIREMENT SOLUTIONS LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 20.7035 as on 23-02-2018 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME - CORPORATE-CG - 10 as on 23-02-2018 || NPS TRUST - A/C UTI RETIREMENT SOLUTIONS LTD. SCHEME - ATAL PENSION YOJANA (APY) - 12.6886 as on 23-02-2018 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME A - TIER I - 10.8994 as on 23-02-2018 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME A - TIER II - 10 as on 23-02-2018 || LIC PENSION FUND SCHEME - CENTRAL GOVT - 24.9635 as on 23-02-2018 || LIC PENSION FUND SCHEME - STATE GOVT - 22.2938 as on 23-02-2018 || NPS TRUST A/C-LIC PENSION FUND LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 20.5758 as on 23-02-2018 || LIC PENSION FUND LIMITED SCHEME - CORPORATE-CG - 16.3836 as on 23-02-2018 || LIC PENSION FUND SCHEME E - TIER I - 18.0965 as on 23-02-2018 || LIC PENSION FUND SCHEME C - TIER I - 15.745 as on 23-02-2018 || LIC PENSION FUND SCHEME G - TIER I - 15.8014 as on 23-02-2018 || LIC PENSION FUND SCHEME E - TIER II - 15.1069 as on 23-02-2018 || LIC PENSION FUND SCHEME C - TIER II - 14.7578 as on 23-02-2018 || LIC PENSION FUND SCHEME G - TIER II - 15.7436 as on 23-02-2018 || NPS TRUST - A/C LIC PENSION FUND SCHEME - ATAL PENSION YOJANA (APY) - 12.6223 as on 23-02-2018 || LIC PENSION FUND SCHEME A - TIER I - 10.8577 as on 23-02-2018 || LIC PENSION FUND SCHEME A - TIER II - 10 as on 23-02-2018 || KOTAK PENSION FUND SCHEME E - TIER I - 25.2497 as on 23-02-2018 || KOTAK PENSION FUND SCHEME C - TIER I - 24.2346 as on 23-02-2018 || KOTAK PENSION FUND SCHEME G - TIER I - 20.1748 as on 23-02-2018 || KOTAK PENSION FUND SCHEME E - TIER II - 22.325 as on 23-02-2018 || KOTAK PENSION FUND SCHEME C - TIER II - 20.7805 as on 23-02-2018 || KOTAK PENSION FUND SCHEME G - TIER II - 18.9704 as on 23-02-2018 || NPS TRUST A/C-KOTAK MAHINDRA PENSION FUND LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 18.1667 as on 23-02-2018 || KOTAK PENSION FUND SCHEME A - TIER I - 10.7258 as on 23-02-2018 || KOTAK PENSION FUND SCHEME A - TIER II - 10 as on 23-02-2018 || RELIANCE PENSION FUND SCHEME E - TIER I - 25.5707 as on 23-02-2018 || RELIANCE PENSION FUND SCHEME C - TIER I - 21.9167 as on 23-02-2018 || RELIANCE PENSION FUND SCHEME G - TIER I - 19.7907 as on 23-02-2018 || RELIANCE PENSION FUND SCHEME E - TIER II - 21.9107 as on 23-02-2018 || RELIANCE PENSION FUND SCHEME C - TIER II - 20.4518 as on 23-02-2018 || RELIANCE PENSION FUND SCHEME G - TIER II - 19.2347 as on 23-02-2018 || NPS TRUST A/C-RELIANCE CAPITAL PENSION FUND LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 10 as on 23-02-2018 || RELIANCE PENSION FUND SCHEME A - TIER I - 10.8092 as on 23-02-2018 || RELIANCE PENSION FUND SCHEME A - TIER II - 10 as on 23-02-2018 || ICICI PRUDENTIAL PENSION FUND SCHEME E - TIER I - 27.3974 as on 23-02-2018 || ICICI PRUDENTIAL PENSION FUND SCHEME C - TIER I - 24.3208 as on 23-02-2018 || ICICI PRUDENTIAL PENSION FUND SCHEME G - TIER I - 20.3985 as on 23-02-2018 || ICICI PRUDENTIAL PENSION FUND SCHEME E - TIER II - 21.5797 as on 23-02-2018 || ICICI PRUDENTIAL PENSION FUND SCHEME C - TIER II - 22.6438 as on 23-02-2018 || ICICI PRUDENTIAL PENSION FUND SCHEME G - TIER II - 19.5556 as on 23-02-2018 || NPS TRUST A/C-ICICI PRUDENTIAL PENSION FUNDS MANAGEMENT COMPANY LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 10 as on 23-02-2018 || ICICI PRUDENTIAL PENSION FUND SCHEME A - TIER I - 10.7812 as on 23-02-2018 || ICICI PRUDENTIAL PENSION FUND SCHEME A - TIER II - 10 as on 23-02-2018 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME E - TIER I - 20.2197 as on 23-02-2018 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME C - TIER I - 15.8011 as on 23-02-2018 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME G - TIER I - 15.071 as on 23-02-2018 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME E - TIER II - 17.5137 as on 23-02-2018 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME C - TIER II - 14.9143 as on 23-02-2018 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME G - TIER II - 15.4012 as on 23-02-2018 || NPS TRUST A/C-HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME - NPS LITE SCHEME - GOVT. PATTERN - 10 as on 23-02-2018 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME A - TIER I - 10.9718 as on 23-02-2018 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME A - TIER II - 10 as on 23-02-2018 || BIRLA SUN LIFE PENSION SCHEME E - TIER I - 11.2822 as on 23-02-2018 || BIRLA SUN LIFE PENSION SCHEME C - TIER I - 10.721 as on 23-02-2018 || BIRLA SUN LIFE PENSION SCHEME G - TIER I - 10.1395 as on 23-02-2018 || BIRLA SUN LIFE PENSION SCHEME A - TIER I - 10.5043 as on 23-02-2018 || BIRLA SUN LIFE PENSION SCHEME E - TIER II - 11.2676 as on 23-02-2018 || BIRLA SUN LIFE PENSION SCHEME C - TIER II - 10.4231 as on 23-02-2018 || BIRLA SUN LIFE PENSION SCHEME G - TIER II - 9.7651 as on 23-02-2018 || BIRLA SUN LIFE PENSION SCHEME A - TIER II - 10 as on 23-02-2018

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General

A pension provides people with a monthly income when they are no longer earning.

Need for Pension:

  • One is not as productive in the old age as in youth.
  • The rise of nuclear family –Migration of younger earning members.
  • Rise in cost of living
  • Increased longevity

Assured monthly income ensures dignified life in old age.

"NPS -Swavalamban Model" is designed to ensure ultra-low administrative and transactional costs, so as to make small investments viable.

Swavalamban Yojana is a scheme announced by the Government of India under which Government will contribute Rs. 1000 per year to each NPS – Swavalamban account opened in year 2010-2011,2011-2012 ,2012-2013 for five years as under.

  • Account opened in 2010-2011 will get the benefit till 2014-2015
  • Account opened in 2011-2012 will get the benefit till 2015-2016
  • Account opened in 2012-2013 will get the benefit till 2016-2017

NPS – Swavalamban account opened in the period 2013-2014 to 2016-2017 will get the Swavalamban benefit up to 2016-17.

Distinguishing Features of NPS -Swavalamban:

  • Voluntary - Open to eligible citizens of India, in the age group of 18–60 years. Subscriber is free to choose the amount he/she wants to invest every year.
  • Simple - Eligible individuals in the unorganized sector can open an account through their Aggregator and get an Individual subscriber (NPS - Swavalamban) Account.
  • Safe - Regulated by PFRDA, with transparent investment norms, regular monitoring and performance review of fund managers by NPS Trust.
  • Economical - Ultra-low cost structure with no minimum amount required per annum or per contribution.

NPS - Swavalamban is a pension product to ensure a monthly income after the retirement age has been attained.

NPS - Swavalamban invests a portion of the contributions in the equity (stock) market and hence there are possibilities of returns much higher than what banks & similar financial institutions are able to offer. A portion of the corpus is invested in equity markets which enables the corpus to grow quickly. However, unlike other equity based investment schemes where risk of losing the money is high, in NPS - Swavalamban; the risk is reduced considerably as up to 55% of money is invested in Government securities and up to 40% in corporate bonds.

The Swavalamban Scheme is a Govt. of India incentive for unorganized sector. This is a pension scheme available to provide the retirement benefit to unorganized sector and under this scheme, the Govt. of India will contribute Rs.1000/- per year to every NPS-Swavalamban account provided the contribution is between Rs.1000/-to Rs.12000/- per year.

The contribution into NPS - Swavalamban is an investment for the future income for a Subscriber's family. A Subscriber receives pension based on accumulated contribution out of his/her current income. Since the pension is received when the Subscriber is not working, a longer period of investment would ensure a larger corpus being invested and hence higher pension returns during old age. Longer duration of investment in NPS –Swavalamban ensures that high benefits accrue for long periods.