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"When it comes to investment schemes Roger Maris Youth Jersey , planning for your retirement should be on your top priority list. The Government of India launched the national pension system for the monetary benefit of its citizens. It is a retirement savings plan where both, employees and employers contribute towards building wealth which is then payable to the employee at the time of retirement. The programme is mainly designed to encourage systematic savings among citizens. The scheme was initiated on 1st January 2004 with a purpose of reforming the pension system in India and is said to be the cheapest market-linked retirement plan available in India.


Who is eligible for the national pension scheme (NPS)?


All citizens and state central government employees falling between the age brackets of 18 to 60 years are eligible for investing.


How does the NPS work?


There are three types of national pension accounts that you can opt from and even make a switch over the years if you desire:


1) Tier 1- A non-withdrawable retirement account unless the subscriber reaches the age of 60. A subscriber has to contribute at least a minimum of Rs 6000 in a financial year for a Tier 1 account to save the account being frozen.


2) Tier 2- A voluntary savings option that allows subscribers to withdraw money. It is said to be an add-on to the Tier 1 account. The minimum contribution needed in Tier II is Rs 2000 annually. One must have a Tier 1 account to have a Tier 2 account


3) Swavalamban Account- The Government of India Albert Pujols Youth Jersey , contributes a sum of Rs 1000 every year over the early four years.


The applicant is required to appoint a nominee before investing in the national pension scheme. One can submit 3 nominees for the account. The applicant is allowed to change the nominees for the NPS account after obtaining the PRAN (Permanent Retirement Account Number), which is a twelve digit unique number provided to the applicant for the NPS account.


Offline account opening:


Several banks act as intermediaries that help you open NPS account Red Schoendienst Youth Jersey , do the KYC and receive contributions on your account. You will be given a registration form to fill, and once the PRAN is allotted to you Harrison Bader Youth Jersey , you will obtain all relevant information and passwords regarding the account. The bank will charge you Rs.125 for account opening.


How can I access the national pension scheme online?


The e-NPS process began in 2015.
Visit


and select online registration.


Through Aadhaar card:

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