Posted by Rajendra Kumar on 16 January, 2014 Views: 571 Points: 0
  PENSION SCHEME BY GOVT. OF INDIA-FEATURES- Any citizen of India of Age 18- 55 yrs can open NPS LITE account NPS LITE pension plan is beneficial for lower middle poor class to savemoney Income Tax Benefit Us 80C Invest yearly 1000 and get Govt. Contribution 1000 pa Account can be opened with nominal subscription of Rs.100 onwards · SWAVALAMBAN benefit will be avail to subscriber&rsquos who invest Rs.1000min & do not exceed Rs. 12000 p.a for FY. April 1st to March 31st Investment exceed Rs. 12000 pa will not get yearly govt. Swavalambanbenefit Up to 60 withdrawal is allowed at retirement age, remaining 40 corpuswill be given as Annuity PRAN no. will be allocated by NSDL- CRA Central Record Agency. Earn min. Interest 8.25 PFM or even higher depend upon the fundperformance. Fund allocation -15 Equity, Up to 45 Corporate bonds & Up to 55 Govt.Bonds PF holder cannot apply NPS lite Swavalamban Scheme. PF holder should only apply Non Swavalamban NPS Lite Scheme. 1 photo, 1 Xerox copies Id proof & Address proof required. Subscriber will get individual PRAN Card. Permanent Retirement AccountNumber. PFRDA, is a regulatory body for NPS Lite Application form should be filled with Black Link only. PRAN card available in Hindi also.   
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