SBI PENSION FUND SCHEME - CENTRAL GOVT - 25.8098 as on 21-07-2017 || SBI PENSION FUND SCHEME - STATE GOVT - 22.217 as on 21-07-2017 || SBI PENSION FUND SCHEME E - TIER I - 22.2862 as on 21-07-2017 || SBI PENSION FUND SCHEME C - TIER I - 24.2081 as on 21-07-2017 || SBI PENSION FUND SCHEME G - TIER I - 22.6386 as on 21-07-2017 || SBI PENSION FUND SCHEME E - TIER II - 20.5286 as on 21-07-2017 || SBI PENSION FUND SCHEME C - TIER II - 22.1512 as on 21-07-2017 || SBI PENSION FUND SCHEME G - TIER II - 21.6214 as on 21-07-2017 || NPS TRUST A/C-SBI PENSION FUNDS PRIVATE LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 20.9655 as on 21-07-2017 || SBI PENSION FUNDS PVT. LTD. SCHEME - CORPORATE-CG - 16.4726 as on 21-07-2017 || NPS TRUST - A/C SBI PENSION FUND SCHEME - ATAL PENSION YOJANA (APY) - 12.4539 as on 21-07-2017 || SBI PENSION FUND SCHEME A - TIER I - 10.5048 as on 21-07-2017 || SBI PENSION FUND SCHEME A - TIER II - 20 as on 21-07-2017 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME- CENTRAL GOVT - 25.0205 as on 21-07-2017 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME- STATE GOVT - 22.3101 as on 21-07-2017 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME E - TIER I - 25.7823 as on 21-07-2017 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME C - TIER I - 21.9288 as on 21-07-2017 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME G - TIER I - 20.5496 as on 21-07-2017 || UTI RETIREMENT SOLUTIONS SCHEME E - TIER II - 20.8654 as on 21-07-2017 || UTI RETIREMENT SOLUTIONS SCHEME C - TIER II - 20.9448 as on 21-07-2017 || UTI RETIREMENT SOLUTIONS SCHEME G - TIER II - 21.0762 as on 21-07-2017 || NPS TRUST A/C-UTI RETIREMENT SOLUTIONS LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 20.7584 as on 21-07-2017 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME - CORPORATE-CG - 10 as on 21-07-2017 || NPS TRUST - A/C UTI RETIREMENT SOLUTIONS LTD. SCHEME - ATAL PENSION YOJANA (APY) - 12.8073 as on 21-07-2017 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME A - TIER I - 10.4923 as on 21-07-2017 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME A - TIER II - 10 as on 21-07-2017 || LIC PENSION FUND SCHEME - CENTRAL GOVT - 25.1405 as on 21-07-2017 || LIC PENSION FUND SCHEME - STATE GOVT - 22.482 as on 21-07-2017 || NPS TRUST A/C-LIC PENSION FUND LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 20.6715 as on 21-07-2017 || LIC PENSION FUND LIMITED SCHEME - CORPORATE-CG - 16.6093 as on 21-07-2017 || LIC PENSION FUND SCHEME E - TIER I - 17.1889 as on 21-07-2017 || LIC PENSION FUND SCHEME C - TIER I - 15.732 as on 21-07-2017 || LIC PENSION FUND SCHEME G - TIER I - 16.4421 as on 21-07-2017 || LIC PENSION FUND SCHEME E - TIER II - 14.4153 as on 21-07-2017 || LIC PENSION FUND SCHEME C - TIER II - 14.799 as on 21-07-2017 || LIC PENSION FUND SCHEME G - TIER II - 16.3797 as on 21-07-2017 || NPS TRUST - A/C LIC PENSION FUND SCHEME - ATAL PENSION YOJANA (APY) - 12.7887 as on 21-07-2017 || LIC PENSION FUND SCHEME A - TIER I - 10.456 as on 21-07-2017 || LIC PENSION FUND SCHEME A - TIER II - 10 as on 21-07-2017 || KOTAK PENSION FUND SCHEME E - TIER I - 24.1673 as on 21-07-2017 || KOTAK PENSION FUND SCHEME C - TIER I - 24.0937 as on 21-07-2017 || KOTAK PENSION FUND SCHEME G - TIER I - 20.9934 as on 21-07-2017 || KOTAK PENSION FUND SCHEME E - TIER II - 21.3939 as on 21-07-2017 || KOTAK PENSION FUND SCHEME C - TIER II - 20.7434 as on 21-07-2017 || KOTAK PENSION FUND SCHEME G - TIER II - 19.7014 as on 21-07-2017 || NPS TRUST A/C-KOTAK MAHINDRA PENSION FUND LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 18.2027 as on 21-07-2017 || KOTAK PENSION FUND SCHEME A - TIER I - 10.423 as on 21-07-2017 || KOTAK PENSION FUND SCHEME A - TIER II - 10 as on 21-07-2017 || RELIANCE PENSION FUND SCHEME E - TIER I - 24.4648 as on 21-07-2017 || RELIANCE PENSION FUND SCHEME C - TIER I - 21.7355 as on 21-07-2017 || RELIANCE PENSION FUND SCHEME G - TIER I - 20.4537 as on 21-07-2017 || RELIANCE PENSION FUND SCHEME E - TIER II - 20.913 as on 21-07-2017 || RELIANCE PENSION FUND SCHEME C - TIER II - 20.1862 as on 21-07-2017 || RELIANCE PENSION FUND SCHEME G - TIER II - 19.8893 as on 21-07-2017 || NPS TRUST A/C-RELIANCE CAPITAL PENSION FUND LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 10 as on 21-07-2017 || RELIANCE PENSION FUND SCHEME A - TIER I - 10.403 as on 21-07-2017 || RELIANCE PENSION FUND SCHEME A - TIER II - 10 as on 21-07-2017 || ICICI PRUDENTIAL PENSION FUND SCHEME E - TIER I - 25.9967 as on 21-07-2017 || ICICI PRUDENTIAL PENSION FUND SCHEME C - TIER I - 24.1271 as on 21-07-2017 || ICICI PRUDENTIAL PENSION FUND SCHEME G - TIER I - 21.0117 as on 21-07-2017 || ICICI PRUDENTIAL PENSION FUND SCHEME E - TIER II - 20.4749 as on 21-07-2017 || ICICI PRUDENTIAL PENSION FUND SCHEME C - TIER II - 22.4994 as on 21-07-2017 || ICICI PRUDENTIAL PENSION FUND SCHEME G - TIER II - 20.1344 as on 21-07-2017 || NPS TRUST A/C-ICICI PRUDENTIAL PENSION FUNDS MANAGEMENT COMPANY LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 10 as on 21-07-2017 || ICICI PRUDENTIAL PENSION FUND SCHEME A - TIER I - 10.443 as on 21-07-2017 || ICICI PRUDENTIAL PENSION FUND SCHEME A - TIER II - 10 as on 21-07-2017 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME E - TIER I - 19.1853 as on 21-07-2017 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME C - TIER I - 15.6759 as on 21-07-2017 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME G - TIER I - 15.5844 as on 21-07-2017 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME E - TIER II - 16.5868 as on 21-07-2017 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME C - TIER II - 14.7799 as on 21-07-2017 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME G - TIER II - 15.9196 as on 21-07-2017 || NPS TRUST A/C-HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME - NPS LITE SCHEME - GOVT. PATTERN - 10 as on 21-07-2017 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME A - TIER I - 10.496 as on 21-07-2017 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME A - TIER II - 10 as on 21-07-2017 || BIRLA SUN LIFE PENSION SCHEME E - TIER I - 10.5132 as on 21-07-2017 || BIRLA SUN LIFE PENSION SCHEME C - TIER I - 10.3575 as on 21-07-2017 || BIRLA SUN LIFE PENSION SCHEME G - TIER I - 10.5818 as on 21-07-2017 || BIRLA SUN LIFE PENSION SCHEME A - TIER I - 10.1154 as on 21-07-2017 || BIRLA SUN LIFE PENSION SCHEME E - TIER II - 10.4333 as on 21-07-2017 || BIRLA SUN LIFE PENSION SCHEME C - TIER II - 10.2236 as on 21-07-2017 || BIRLA SUN LIFE PENSION SCHEME G - TIER II - 10.2888 as on 21-07-2017 || BIRLA SUN LIFE PENSION SCHEME A - TIER II - 10 as on 21-07-2017

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Corporate Sector

The Central Government has introduced the National Pension System (NPS) with effect from January 01, 2004 (except for armed forces). Pension Fund Regulatory and Development Authority (PFRDA), the regulatory body for NPS, has appointed NSDL as Central Recordkeeping Agency (CRA) for National Pension System. CRA is the first of its kind venture in India which will carry out the functions of Record Keeping, Administration and Customer Service for all subscribers under NPS. CRA shall issue a Permanent Retirement Account Number (PRAN) to each subscriber and maintain data base of each Permanent Retirement account along with recording transactions relating to each PRAN.

NPS Corporate Sector Model is the customized version of core NPS to suit various organizations and their employees to adopt NPS as an organized entity within purview of their employer-employee relationship. This would facilitate corporate entities and other registered bodies to move their existing and prospective employees to NPS architecture. This is in an additional avenue for retirement planning being made available to organized sector and does not dilute their responsibilities under other statutory provisions like Provident Fund etc. Corporate sector has been formally launched from December 2011. Corporate may join NPS through any one of the existing POPs.

Eligibility for corporate to Join NPS
  • Entities registered under Companies Act,
  • Entities registered under various Co-operative Acts,
  • Central Public Sector Enterprises
  • State Public Sector Enterprises
  • Registered Partnership firm
  • Registered Limited Liability Partnership (LLPs)
  • Anybody incorporated under any act of Parliament or State legislature or by order of Central / State Government
  • Proprietorship Concern
  • Trust/Society
Features under Corporate Sector
  • The features applicable under All Citizens of India are available under corporate sector. In addition to these features, a corporate / subscribers under corporate sector can opt for the following:

Co-contribution

NPS provides platform for corporate to co-contribute for its subscribers or facilitate them to contribute for their pension. There are three variations of contributions from employer and employee:

  • Equal contributions by employer and employee
  • Unequal contribution by the employer and the employee
  • Contribution from either the employer or the employee

A Corporate subscriber can also voluntarily contribute in their Tier I through their associated POP. However, contribution in Tier II account can be done through any POP.

Scheme setup option

In NPS, a Corporate would have flexibility to decide investment choice either at subscriber level or at the corporate level centrally for all its underlying subscribers. A corporate can also select a PFM at a corporate level and allow the underlying subscriber to decide the allocation of funds among the three asset classes viz: Equity, Corporate Debt and Government Security.

Tier II

A corporate subscriber can open both Tier I and Tier II account simultaneously at the time of initial registration or can activate Tier II account subsequently through the associated POP. The investment option for the Tier-II account needs to be exercised by the subscriber, which can be different from Tier-I account.

TAX Benefits

Tax Benefit to Corporate

10% of the salary (basic and dearness allowance) of employers Contribution can be deducted as “Business Expense” from their Profit & Loss Account.

Tax benefit to Subscriber

The employer’s Contribution to NPS upto 10% of basic plus DA is allowed deduction under section 80CCD(2) and excluded from the limit of Rs.1.5 lakh.(http://indiabudget.nic.in) .

Steps to operationalise NPS Corporate

  • Selection of a POP
  • Registration of the corporate through the selected POP
  • Registration of subscribers through the selected POP
  • Commence contribution in Tier I account