SBI PENSION FUND SCHEME - CENTRAL GOVT - 25.0147 as on 26-05-2017 || SBI PENSION FUND SCHEME - STATE GOVT - 21.5297 as on 26-05-2017 || SBI PENSION FUND SCHEME E - TIER I - 21.4011 as on 26-05-2017 || SBI PENSION FUND SCHEME C - TIER I - 23.5753 as on 26-05-2017 || SBI PENSION FUND SCHEME G - TIER I - 21.8935 as on 26-05-2017 || SBI PENSION FUND SCHEME E - TIER II - 19.7134 as on 26-05-2017 || SBI PENSION FUND SCHEME C - TIER II - 21.5716 as on 26-05-2017 || SBI PENSION FUND SCHEME G - TIER II - 20.9421 as on 26-05-2017 || NPS TRUST A/C-SBI PENSION FUNDS PRIVATE LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 20.2913 as on 26-05-2017 || SBI PENSION FUNDS PVT. LTD. SCHEME - CORPORATE-CG - 15.9612 as on 26-05-2017 || NPS TRUST - A/C SBI PENSION FUND SCHEME - ATAL PENSION YOJANA (APY) - 12.0864 as on 26-05-2017 || SBI PENSION FUND SCHEME A - TIER I - 10.3988 as on 26-05-2017 || SBI PENSION FUND SCHEME A - TIER II - 10.3772 as on 26-05-2017 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME- CENTRAL GOVT - 24.2281 as on 26-05-2017 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME- STATE GOVT - 21.6085 as on 26-05-2017 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME E - TIER I - 24.7415 as on 26-05-2017 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME C - TIER I - 21.3781 as on 26-05-2017 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME G - TIER I - 19.9167 as on 26-05-2017 || UTI RETIREMENT SOLUTIONS SCHEME E - TIER II - 20.0564 as on 26-05-2017 || UTI RETIREMENT SOLUTIONS SCHEME C - TIER II - 20.4041 as on 26-05-2017 || UTI RETIREMENT SOLUTIONS SCHEME G - TIER II - 20.3637 as on 26-05-2017 || NPS TRUST A/C-UTI RETIREMENT SOLUTIONS LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 20.0984 as on 26-05-2017 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME - CORPORATE-CG - 10 as on 26-05-2017 || NPS TRUST - A/C UTI RETIREMENT SOLUTIONS LTD. SCHEME - ATAL PENSION YOJANA (APY) - 12.409 as on 26-05-2017 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME A - TIER I - 10.3872 as on 26-05-2017 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME A - TIER II - 10.3951 as on 26-05-2017 || LIC PENSION FUND SCHEME - CENTRAL GOVT - 24.3618 as on 26-05-2017 || LIC PENSION FUND SCHEME - STATE GOVT - 21.7883 as on 26-05-2017 || NPS TRUST A/C-LIC PENSION FUND LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 20.039 as on 26-05-2017 || LIC PENSION FUND LIMITED SCHEME - CORPORATE-CG - 16.0858 as on 26-05-2017 || LIC PENSION FUND SCHEME E - TIER I - 16.5194 as on 26-05-2017 || LIC PENSION FUND SCHEME C - TIER I - 15.3295 as on 26-05-2017 || LIC PENSION FUND SCHEME G - TIER I - 15.8493 as on 26-05-2017 || LIC PENSION FUND SCHEME E - TIER II - 13.9004 as on 26-05-2017 || LIC PENSION FUND SCHEME C - TIER II - 14.4142 as on 26-05-2017 || LIC PENSION FUND SCHEME G - TIER II - 15.8488 as on 26-05-2017 || NPS TRUST - A/C LIC PENSION FUND SCHEME - ATAL PENSION YOJANA (APY) - 12.3944 as on 26-05-2017 || LIC PENSION FUND SCHEME A - TIER I - 10.3527 as on 26-05-2017 || LIC PENSION FUND SCHEME A - TIER II - 10.2082 as on 26-05-2017 || KOTAK PENSION FUND SCHEME E - TIER I - 22.9822 as on 26-05-2017 || KOTAK PENSION FUND SCHEME C - TIER I - 23.4524 as on 26-05-2017 || KOTAK PENSION FUND SCHEME G - TIER I - 20.2176 as on 26-05-2017 || KOTAK PENSION FUND SCHEME E - TIER II - 20.3503 as on 26-05-2017 || KOTAK PENSION FUND SCHEME C - TIER II - 20.1932 as on 26-05-2017 || KOTAK PENSION FUND SCHEME G - TIER II - 18.9843 as on 26-05-2017 || NPS TRUST A/C-KOTAK MAHINDRA PENSION FUND LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 17.6485 as on 26-05-2017 || KOTAK PENSION FUND SCHEME A - TIER I - 10.3199 as on 26-05-2017 || KOTAK PENSION FUND SCHEME A - TIER II - 10.3123 as on 26-05-2017 || RELIANCE PENSION FUND SCHEME E - TIER I - 23.3801 as on 26-05-2017 || RELIANCE PENSION FUND SCHEME C - TIER I - 21.1065 as on 26-05-2017 || RELIANCE PENSION FUND SCHEME G - TIER I - 19.7286 as on 26-05-2017 || RELIANCE PENSION FUND SCHEME E - TIER II - 19.9606 as on 26-05-2017 || RELIANCE PENSION FUND SCHEME C - TIER II - 19.6576 as on 26-05-2017 || RELIANCE PENSION FUND SCHEME G - TIER II - 19.1516 as on 26-05-2017 || NPS TRUST A/C-RELIANCE CAPITAL PENSION FUND LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 10 as on 26-05-2017 || RELIANCE PENSION FUND SCHEME A - TIER I - 10.2984 as on 26-05-2017 || RELIANCE PENSION FUND SCHEME A - TIER II - 10.219 as on 26-05-2017 || ICICI PRUDENTIAL PENSION FUND SCHEME E - TIER I - 25.0437 as on 26-05-2017 || ICICI PRUDENTIAL PENSION FUND SCHEME C - TIER I - 23.5009 as on 26-05-2017 || ICICI PRUDENTIAL PENSION FUND SCHEME G - TIER I - 20.3085 as on 26-05-2017 || ICICI PRUDENTIAL PENSION FUND SCHEME E - TIER II - 19.7241 as on 26-05-2017 || ICICI PRUDENTIAL PENSION FUND SCHEME C - TIER II - 21.9068 as on 26-05-2017 || ICICI PRUDENTIAL PENSION FUND SCHEME G - TIER II - 19.4564 as on 26-05-2017 || NPS TRUST A/C-ICICI PRUDENTIAL PENSION FUNDS MANAGEMENT COMPANY LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 10 as on 26-05-2017 || ICICI PRUDENTIAL PENSION FUND SCHEME A - TIER I - 10.3384 as on 26-05-2017 || ICICI PRUDENTIAL PENSION FUND SCHEME A - TIER II - 10.3371 as on 26-05-2017 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME E - TIER I - 18.435 as on 26-05-2017 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME C - TIER I - 15.2843 as on 26-05-2017 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME G - TIER I - 15.0738 as on 26-05-2017 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME E - TIER II - 15.9326 as on 26-05-2017 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME C - TIER II - 14.4004 as on 26-05-2017 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME G - TIER II - 15.3918 as on 26-05-2017 || NPS TRUST A/C-HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME - NPS LITE SCHEME - GOVT. PATTERN - 10 as on 26-05-2017 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME A - TIER I - 10.3905 as on 26-05-2017 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME A - TIER II - 10.3064 as on 26-05-2017 || BIRLA SUN LIFE PENSION SCHEME E - TIER I - 10.0074 as on 26-05-2017 || BIRLA SUN LIFE PENSION SCHEME C - TIER I - 10.0363 as on 26-05-2017 || BIRLA SUN LIFE PENSION SCHEME G - TIER I - 10.1612 as on 26-05-2017 || BIRLA SUN LIFE PENSION SCHEME A - TIER I - 10.0181 as on 26-05-2017 || BIRLA SUN LIFE PENSION SCHEME E - TIER II - 9.9746 as on 26-05-2017 || BIRLA SUN LIFE PENSION SCHEME C - TIER II - 10.0266 as on 26-05-2017 || BIRLA SUN LIFE PENSION SCHEME G - TIER II - 10.0264 as on 26-05-2017 || BIRLA SUN LIFE PENSION SCHEME A - TIER II - 10.0049 as on 26-05-2017

Login

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