About NPS Account:

National Pension System (NPS) is an important milestone in the development of a sustainable and efficient defined contribution pension system in India.

Elite Wealth Ltd (EWL) is an PFRDA registered NPS Point of Presence (POPs) for accepting All citizen of India / Corporate Sector NPS applications and their contributions.

National Pension System is now available to all citizens of India with effect from May 1, 2009 and additional investment of Rs.50,000 will be eligible for tax deduction under section 80CCD (1B) of Income Tax Act, 1961.

The section 80CCD provides tax deductions for contribution to the pension schemes notified by Central Government, i.e., National Pension Scheme (NPS) & Atal Pension Yojana (APY). There are two parts or sub-sections of this section namely – section 80CCD(1) & section 80CCD(2).

Note: The maximum deduction as an aggregate of section 80C,80CCC & 80CCD(1) should not exceed Rs. 1,50,000 but after including section 80 CCD(1B), total deduction limit becomes Rs. 2,00,000.

NPS Eligibility:

1) Any citizen of India-resident or Non-resident, in the group of 18 to 65 years can open NPS account.

2) PRAN: Permanent Retirement Account Number (PRAN) will be issued to individuals registered under NPS.

3) Type of Accounts

Tier I – This is permanent retirement account in which subscriber contributes for accumulation of pension wealth.

Tier II – This is optional saving facility as an add-on to Tier I account. There are no restrictions on withdrawals.  

4) Contribution Requirement:

Particulars Tier I Tier II
Minimum Contribution at the time of account opening Rs 500/- Rs 1000/-
Minimum amount per contribution Rs 500/- Rs 250/-
Minimum Total contribution in Financial year Rs 1000/-
Minimum frequency of contribution in Financial year 1 1

5) Additional Tax Benefits:

Subscriber is allowed extra tax deduction in addition to the deduction allowed under Sec. 80CCD(1) for additional contribution in his NPS account subject to maximum of Rs. 50,000/- under Sec. 80CCD(1B) of IT Act, 1961.

6) Maturity: (On attending the Age of 65 years)

Minimum 40% of accumulated Fund should be used to purchase an annuity.

Maximum up to 60% of accumulated Fund can be withdrawn.

7) Partial Withdrawals:

One should be in NPS for at least 3 years and withdrawal can happen only against specific reasons.

Amount to be withdrawn should not exceed 25% of contribution made by subscriber.

Withdrawal will be allowed max 3 times during entire tenure with the gap of 5 years between 2 withdrawals.



     Just Investing in NPS

     Nearing Retirement

     Secure and Enjoyble Life

How NPS Works?

  1. Under the NPS, an individual’s savings is pooled in a pension fund.
  2. These funds are invested by Pension Fund Regulatory and Development Authority (PFRDA) regulated professional fund managers as per the approved investment guidelines in the diversified portfolios comprising of government bonds, bills, corporate debentures and shares.
  3. These contributions would grow and accumulate over the years, depending on the returns earned on the investment made.

Documents Required:

Particulars Instructions
Photograph Affix recent colour photograph
DOB proof Please ensure DOB matches as indicated in the documents provided
ID proof Self attested copy of PAN Card,
Address proof Self attested Copy of Aadhar Card
Contribution cheque In favour of “ Elite Wealth Ltd – Collection account NPS Trust
Cheque Amount Contribution amount + Charges

How do you Open National Pension System (NPS) Account with Elite Wealth?


NPS Subscriber Registration Form

NPS Corporate Registration Form

Key Benefits of NPS:

Tax Benefit

Get additional tax benefit upto Rs 50,000 (Employee contribution) u/s 80CCD(1B) & 10% of Basic + DA (Employer contribution) u/s 80CCD(2) or over & above rupees 1.5lakh (u/s 80C).



Gets protection as it is regulated by PFRDA, which is backed by the Indian Government



You can switch between investment options once a year.


Beats Inflation

You can beat inflation by earning market linked returns if you opt for equity investment.


Systematic Saving

You can start saving as low as Rs 500 per transaction and Rs 1,000 per year.


No Upper Limit

You can plan your real retirement returns based on your requirements as there is no upper cap on investments in NPS.


Cost Effective

The cost-adjusted returns of the NPS can be quite attractive in the long run


Investment Options

You get two options to choose from, either active choice or auto choice investment options in NPS.


Is NPS beneficial for HNI’s as well?

Yes, its best plan for those individuals (HNI’s) who are into @30% tax bracket. The additional deduction is a big incentive to investors. Someone in the 30% tax bracket (earning over Rs 20 lacs per annum) will be able to save up to Rs 15,450 in tax.

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