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National Pension System(NPS): Crorepati NPS Calculator

Any Indian from 18-35 years Citizen gets this National Pension System benefit to become a crorepati after 25 years.

About National Pension System (Scheme) Informations how to become Crorepati NPS Calculator.

  1. What is National Pension System?
  2. What are different sectors in NPS?
  3. Why should I open NPS Account?
  4. Who can join NPS?
  5. Can an NRI join NPS?
  6. Can I open multiple NPS accounts?
  7. Can I open an NPS account jointly with my spouse, child, relative, etc.?
  8. How NPS works?

What is National Pension System?

National Pension System (NPS) is a pension cum investment scheme launched by Government of India to provide old age security to Citizens of India. It brings an attractive long term saving avenue to effectively plan your retirement through safe and regulated market-based return. The Scheme is regulated by Pension Fund Regulatory and Development Authority (PFRDA).National Pension System Trust (NPST) established by PFRDA is the registered owner of all assets under NPS.

What are different sectors in NPS?

NPS can be broadly classified into two categories and it is further customised for different sectors as mentioned below:

Government Sector: Central Government
The Central Government had introduced the National Pension System (NPS) Crorepati NPS Calculator with effect from January 1, 2004 (except for armed forces). All the employees of Central Autonomous Bodies who have joined on or after the above mentioned date are also mandatorily covered under Government sector of NPS.Central Government/CABs employee contributes towards pension from monthly salary along with matching contribution from the employer.
State Government:
Subsequent to Central Government, various State Governments adopted this architecture and implemented NPS with effect from different dates. A State Autonomous Body (SAB) can also adopt NPS if the concerned State Government/UT have adopted the NPS architecture and initiated implementation of the same. State Government/SABs employees also contribute towards pension from monthly salary along with matching contribution from the employer.

Private Sector (Non-Government Sector):

NPS Corporate Sector Model is the customized version of NPS to suit various organizations and their employees to adopt NPS as an organized entity within purview of their employer-employee relationship.
All Citizens of India:
Any individual not being covered by any of the above sectors has been allowed to join NPS architecture under the All Citizens of India sector from May 01, 2009.


Why should I open NPS Account?

Opening NPS account has its own advantages as compared to other pension product available. Below are few features which make NPS different from others. Check how to become Crorepati by NPS Calculator.

Low cost product
Tax breaks for Individuals, Employees and Employers
Attractive market linked returns
Easily portable
Professionally managed by experienced Pension Funds
Regulated by PFRDA, a regulator set up through an act of Parliament

  1. Who can join NPS? or Criteria for NPS Scheme
    Any individual citizen of India (both resident and Non-resident) in the age group of 18-65 years (as on the date of submission of NPS application) can join NPS.
  2. Can an NRI join NPS?
    Yes, an NRI can open an NPS account. Contributions made by NRI are subject to regulatory requirements as prescribed by RBI and FEMA from time to time.However, OCI (Overseas Citizens of India) and PIO (Person of Indian Origin) card holders and HUFs are not eligible for opening of NPS account.
  3. Can I open multiple NPS accounts?
    No, opening multiple NPS accounts for an individual is not allowed under NPS. However an Individual can have one account in NPS and another account in Atal Pension Yojna.
  4. Can I open an NPS account jointly with my spouse, child, relative, etc.?
    No, NPS account can be opened only in individual capacity and cannot be opened or operated jointly or for and on behalf of HUF
  5. How NPS works?
    Upon successful enrolment, a Permanent Retirement Account Number (PRAN) is allotted to the subscriber under NPS. Once the PRAN is generated, an email alert as well as a SMS alert is sent to the registered email ID and mobile number of the subscriber by NSDL-CRA (Central Record Keeping Agency).Subscriber contributes periodically and regularly towards NPS during the working life to create the corpus for retirement. On retirement or exit from the scheme, the Corpus is made available to the Subscriber with the mandate that some portion of the Corpus must be invested in to Annuity to provide a monthly pension post retirement or exit from the scheme.






Introduction to NPS Scheme
All Citizen of India
The Central Government has introduced the National Pension System (NPS) with effect from January 01, 2004 (except for armed forces). NPS was made available to All Citizens of India from May 01, 2009. 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.

national pension system nps calculator

National Pension System (NPS), Regulated By PFRDA, is an important milestone in the development of a sustainable and efficient voluntary defined contribution pension system in India. It has the following broad objectives:
a) Provide old age income
b) Reasonable market based returns over the long term
c) Extending old age security coverage to all citizens

Steps to join NPS
Procure your Permanent Retirement Account Number (PRAN) application form
“As a Subscriber between the age brackets of 18 to 65 years of age, you can procure your PRAN application form from any of the Point of Presence – Service Providers (POP-SP) you wish to register with. You can also procure the PRAN application form from our website by clicking here.”

“You have to ensure that your PRAN application form is filled up i.e. photograph, signature, mandatory details, scheme preference details etc and also submit KYC documentation with respect to proof of identity and proof of address. For detailed information on NPS, please refer to the offer document prescribed by the Pension Fund Regulatory and Development Authority (PFRDA).”

Submit PRAN application form to your nearest Point Of Presence – Service Provider (POP-SP)
You can go to your nearest POP-SP and submit the PRAN application along with the KYC documents. PRAN card will be sent to your correspondence address by CRA.

Track your PRAN application
At the time of submission of the PRAN application, POP-SP shall give you a receipt number. You can track the status of your PRAN application by entering the receipt number in the following link: https://cra-nsdl.com/CRA/pranCardStatusInput.do

Submit your first Contribution Slip
You are required to make your first contribution (minimum of Rs 500) at the time of applying for registration to any POP-SP. For this, you will have to submit NCIS (Instruction Slip) mentioning the details of the payment made towards your PRAN account.

Features & Benefits of NPS

  1. What are the benefits of NPS?
    The benefits of NPS are

It is voluntary – A Subscriber can contribute at any point of time in a Financial Year and also change the amount he wants to set aside and save every year.
It is simple – Subscriber is required to open an account with any one of the POPs (Point of Presence) or through eNPS (https://enps.nsdl.com/eNPS/).
It is flexible – Subscribers can choose their own investment options and pension fund and see their money grow.
It is portable – Subscribers can operate their account from anywhere, even if they change the city and/or employment.
It is regulated – NPS is regulated by PFRDA, with transparent investment norms and regular monitoring and performance review of fund managers by NPS Trust.

  1. Who will invest my money in NPS?
    Pension Funds are responsible for investing contributions, accumulating them and managing pension corpus through various schemes under National Pension System in accordance with the provisions of the PFRDA Act.
  2. What are the investment choices available in NPS?
    NPS offers you two approaches to invest in your account:

Active choice
Auto choice
In Active choice, Subscriber selects the allocation percentage in assets classes,however, in Auto choice, funds are automatically allocated amongst asset classes in a pre-defined matrix, based on the age of the subscriber. After selection of pension fund manager, Subscriber also has to exercise the choice of investment.

  1. What is Active / Auto choice in NPS?
    Active choice:
    Unlike traditional investment products, NPS offers you with the flexibility to design your own portfolio. Depending on your risk appetite, you can design your portfolio by allocating Funds amongst available four asset classes. This is called Active Choice. Following are the four asset classes are available under Active choice:

Equity or E
Corporate Debt or C
Government Securities or G
Alternative Investment Funds or AIF
Auto Choice:
At times designing your portfolio can be a little delicate and time consuming. NPS gives you the flexibility to opt for a dynamic and automatic allocation of your portfolio in case you do not want to exercise an Active choice. This option is called the Auto choice.

In Auto choice, your money will be invested in asset classes – E, C and G – in defined proportions based on your age. As individual’s age increases, exposure to Equity and Corporate Debt is gradually reduced and that in Government Securities is increased. Depending upon the risk appetite of subscriber, there are three different options available within Auto Choice-Aggressive, Moderate and Conservative.

Aggressive (LC-75) – Maximum Equity exposure is 75% up to the age of 35
Moderate (LC-50) – Maximum Equity exposure is 50% up to the age of 35
Conservative (LC – 25) – Maximum Equity exposure is 25% up to the age of 35

  1. Where (in which asset classes) my money will get invested in NPS?
    Following are the assets classes are available for investment under NPS:

Equity or E- A ‘high return-high risk’ fund that invests predominantly in equity market instruments
Corporate Debt or C – A ‘medium return-medium risk’ fund that invests predominantly in fixed income bearing instruments
Government Securities or G – A ‘low return-low risk’ fund that invests purely in Government Securities
Alternative Investment Funds or A –In this asset class, investments are being made in instruments like CMBS, MBS, REITS, AIFs, Invlts etc.
If you are a conservative investor, you can choose to invest your entire pension wealth in C or G asset class. However, if you want to have exposure to equity, you can allocate maximum 50% of your money to asset class ‘E’ or up to 5% in Alternative Investment Funds.

  1. What is meant by Scheme preference change?
    Scheme preference change is the option given to the Non-Government subscriber to design / redesign their own portfolio. It comprises change of Pension Fund Manager (PFMs), switching between Active choice and Auto choice and in case of Active choice to decide percentage of allocation in different asset classes.

A subscriber of Non-Government sector can change their Scheme Preference through their associated POP-SP. It can also be done online through their log-in credentials of CRA.

In NPS, there are multiple PFMs, Investment Options (Auto or Active) and four Asset Classes – Equity, Debt, Government Securities and Alternate Investment Funds. Subscriber has been given the flexibility to choose any one out of available Pension Fund Managers (PFMs) and investment options separately for Tier I and Tier II account.

  1. How do I select the PFM?
    Selection of Pension Fund Manager is mandatory while filling up the registration form. All the PFMs under NPS are registered and regulated by PFRDA. They are mandated to invest Subscriber’s contribution as per prescribed guidelines and regulations by PFRDA.

You can find the performance of respective PFMs on NPS Trust website at http://www.npstrust.org.in/return-of-nps-scheme. Returns of different schemes under NPS may help you while selecting the PFM. In NPS, you are allowed to change PFM once in a financial year.

  1. What is Tier II account?
    NPS provides you two types of accounts: Tier I and Tier II. Tier I is mandatory retirement account, whereas Tier II is a voluntary saving Account associated with your PRAN. Tier II offers greater flexibility in terms of withdrawal, unlike Tier I account, you can withdraw from your Tier II account at any point of time.
  2. What are the benefits of Tier II account?
    Below are few significant benefits of Tier II NPS Account:

No additional annual maintenance Charge
Saving for your day to day need (withdrawal at any point of time)
Transfer fund to pension account ( Tier I) any time
No minimum balance required
No levy of exit load
Separate Nomination facility available
Option to select different Investment pattern from Tier I

  1. Who can open a Tier II Account?
    Subscriber who has an active Tier I account can activate a Tier II account

It is open for any resident Indian, NRI can’t activate Tier II account.
It can also be opened along with Tier I account.
All Government Subscribers who are mandatorily covered under NPS and have active Tier I account, can activate Tier II account.

  1. How are the returns calculated in Tier I and Tier II account? Is there an assured return / div / bonus?
    The contribution remitted in Subscriber’s account is passed on to the PFMs as selected by the Subscriber at the time of registration (or changed subsequently). The PFMs invest the money and declare Net Asset Value (NAV) at the end of each business day. Accordingly, based on the NAV, units are credited in the Subscriber’s account. The present value of the investment is arrived at by multiplying the units held with the NAV.

The return under NPS is market driven. Hence, there is no guaranteed/defined amount of return. The returns generated through investments are accumulated for the pension corpus and is not distributed by way of dividend or bonus.

  1. What is Net Asset Value (NAV)?
    Net Asset Value is also known as NAV. This is the price of one unit of a fund. NAV is calculated at the end of every working day. It is calculated by adding up the value of all the securities and cash in the fund’s portfolio (its assets), subtracting the fund’s liabilities, and dividing that number by the number of units that the fund has issued.

The NAV increases (or decreases) when the value of the fund’s holdings increase (or decrease). NAV of schemes of different PFMs may differ. Even the different schemes under the same PFM will have different NAV.

  1. Do I need to re-open NPS account when I change my Job or location?
    No, there is no need to re-open NPS account when you change your Job or location. Portability is one of the key features of NPS, it can be operated from anywhere in the country irrespective of individual employment and location/geography.This implies that you can shift your PRAN from one sector to another, e.g. Central Government to Corporate sector, State Government to Central Government etc. and vice versa.Further, if you are relocated because of any reason, you can also change POP-SP within the same POP or you can change to POP of your choice available to the location.

You can find the list of POP/POP-SP of your location from the “Important Links” available on this website.

NPS Calculator: Understand Fund Calculation for Crorepati

If the average age of the investor is 35 years. In this, he makes a monthly contribution of Rs 15,000. In this, the investor will have to invest till the age of 60 years i.e. for 25 years.
Monthly investment in NPS: Rs 15,000
Total contribution in 25 years: Rs 45 lakh
Estimated return on investment: 10%
Total amount on maturity: Rs 2 crore
Annuity purchase: 50%
Estimated annuity rate: 6%
Pension at age 60: Rs 50,171 Month

NPS Registartion Form



Form CSRF : Subscriber Registration Form

Annexure I: Tier II Details


Annexure II: Additional Request Details

Annexure III: Additional Nomination Details

Form NSRF: Subscriber Registration Form-NRI

Subscriber Registration Form NSRF Annexure I

Subscriber Registration Form NSRF Annexure II

S10-Subscriber Registration Form Tier-II

Press Release by Pension Fund Regulatory & Development Authority (PFRDA)

POP / POP-SP Registration:

Form UOS-N1-Pop-Registration Form

Form UOS N1-A : POP’s DSC Details Submission

Form UOS N2 : POP-SP Registration

Excel File Format : POP-SP Registration Details:


Form UOS N2-A : POP-SP’s DSC Details Submission

Annexure NE-5: Bank Details Update Form

NPS Account Maintenance:

NCIS : NPS Contribution Instruction Slip

Form UOS S2 : Subscriber Details Change

Form UOS S7 : Subscriber’s Photo and signature change

Form S3 : Scheme Preference change

GoS-S3-Scheme Preference Change

S12-Withdrawal Form Tier II

UOS S13 – Form for One Way Switch

Form UOS S5 : Shifting of Subscriber

Form UOS-S06- Change of POP Subscriber

UOS-S10A Application for unfreezing of PRAN under National Pension System

Form ISS – Inter Sector Shifting

PAN & Aadhaar Updation Form

Form ICSS – Inter CRA subscriber shifting form

Withdrawal Forms:

Exit from National Pension System Due to Superannuation & Incapacitation

Exit from National Pension System Due to Premature Exit

Form for Withdrawal by Claimant due to Death of Subscriber

Complete Withdrawal Request Form AP

Complete Withdrawal Request Form AS

Form 601-Partial Withdrawal under NPS

Affidavit for non submisstion of PRAN Card_subscriber


Affidavit_For non Submission of PRAN Card_claimant

Certification of death certificate if received in Vernacular Language

Indemnity Bond

Relinquishment Deed

Request for Continuation or Deferment

Subscriber Grievances:
Form G1: Subscriber Grievance Registration



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