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National Pension System
NPS
Ministry of FinanceUpdated: 8 January 2026
About the Scheme
Voluntary retirement savings scheme regulated by PFRDA with market-linked returns and tax benefits
Benefits
Tax deduction up to Rs 2 lakh under Section 80CCD(1B), 60% corpus tax-free at maturity, lowest cost pension product in India
Eligibility Criteria
Any Indian citizen aged 18-70 years can open NPS account
Documents Required
Aadhaar, PAN, bank account details, passport size photo
Step-by-Step Application Process
1
Register at enps.nsdl.com or visit POP-SP (Point of Presence)
2
submit application with KYC documents
3
make initial contribution (min Rs 500 for Tier I)
4
choose fund manager and investment option
Frequently Asked Questions
What are the tax benefits of NPS?
Additional deduction up to Rs 50,000 under Section 80CCD(1B) over and above Rs 1.5L of 80C
Can I withdraw before retirement?
Partial withdrawal up to 25% for specific purposes like children's education, marriage, home purchase after 3 years