NPS has proved to be a safe investment instrument. Due to which the number of account holders in NPS is increasing continuously.
If an investor wants to invest in NPS, then this medium is also a good option for him. For your information, let us tell you that the National Pension System was started by the Central Government in January 2004 for the first Government Employees. However, the government made it open to every citizen of the country to invest in NPS in 2009. Which is now a sponsored pension scheme of the government.
Interestingly, NPS has proved to be a safe investment instrument. Due to which the number of account holders in NPS is increasing continuously. Not only this, many PSUs are also putting their pension funds in it. At present around 7,900 corporates have accepted the NPS system, which has a corpus of Rs 50,000 crore with 10 lakh contributors. According to the National Pension System, pension is made after 60 years in this. At the same time, this pension depends on the amount you deposit every month.
For your information, let us tell you that the total asset in the new pension system i.e. NPS and Atal Pension Yojana has reached 4.17 lakh crore as of 31 March 2020. At the same time, till this date, the number of beneficiary of the pension scheme has increased to about 3.45 crores.
The other is Auto Mode – in which the investor has to choose the option. In this mode, the investor’s corpus is handled by 8 fund managers and keeps on changing equity and debt as per the market. Apart from this, investment in NPS also gets exemption under section 80CCD of Income Tax.
This is how you can open an account in NPS
To open an account in the National Pension System, the applicant does not have to provide any documents for KYC. Not only this, account can also be opened in online mode with Aadhaar. Also, PFRDA has allowed e-NPS and Point of Presence centers to open NPS account through offline basis.
