National Pension System (NPS) is a defined contribution based pension system, regulated by PFRDA and promoted by Government of India.
It is for any one who wants to plan for their retirement with a low-risk appetite. A regular pension (income) in the retirement years will be a boon, especially for those individuals who retire from private sector jobs.
It offers following tax benefits:
- Income Tax benefit u/s 80(c), upto Rs.1.50 lakh
- Further tax benefit u/s 80CCD(1B) upto Rs.50,000/-
- All benefits at all level are tax free.
Corporation Bank in association with NSDL is offering ONLINE facility for opening and making subsequent contributions towards NPS. Customers, who are having a valid Bank account with Internet Banking facility in any bank can open the NPS account or make further contribution using our banking channel.
- Information on NPS Scheme Please click here
Opening of Individual Pension Account under NPS (only Tier I / Tier I & Tier II) by All Indian Citizens (including NRIs) between 18 - 65 years
For Registration , Please click here
Making initial and subsequent contribution to your Tier I as well as Tier II account
For Subscriber Services - Contribution , Please click here