One of India's lowest-cost retirement products, regulated by PFRDA — with extra tax benefits and flexible equity allocation. Open and manage your NPS account with Money n Wealth, Pune.
The National Pension System is a voluntary, defined-contribution retirement scheme regulated by the Pension Fund Regulatory and Development Authority (PFRDA). Your contributions are invested by professional pension fund managers across equity, corporate bonds, government securities and alternative assets, and the corpus is available at retirement as a combination of lump sum and pension.
Fund-management charges are among the lowest of any market-linked product.
Government-backed regulator with strict investment guidelines.
Additional ₹50,000 deduction (old regime) and employer benefit (both regimes).
One PRAN follows you across jobs and cities for life.
The core pension account. Contributions qualify for tax benefits and stay locked in until retirement, with limited partial withdrawals (up to 25% of your own contributions) for specified needs such as children's education, marriage, home purchase or medical treatment.
An optional, flexible investment account linked to your Tier I. No lock-in and no minimum balance, but for most subscribers no tax deduction — useful as a low-cost, liquid savings bucket.
Under Active choice you decide the mix of equity (E), corporate bonds (C), government securities (G) and alternative assets (A), within PFRDA's limits. Under Auto choice a life-cycle fund reduces equity automatically as you age.
Parents can open an NPS Vatsalya account for a minor child and start compounding early. The account converts to a regular NPS account when the child turns 18.
| Deduction | Old regime | New regime |
|---|---|---|
| Own contribution – Sec 80CCD(1) | Within ₹1.5 lakh 80C limit | Not available |
| Additional own contribution – Sec 80CCD(1B) | Extra ₹50,000 | Not available |
| Employer contribution – Sec 80CCD(2) | Up to 10% of basic + DA | Up to 14% of basic + DA |
Limits shown are for private-sector salaried subscribers and may change with each Union Budget.
| Corpus at exit | What you can do |
|---|---|
| Corpus up to ₹8 lakh | Full amount can be withdrawn as lump sum |
| Corpus ₹8 lakh – ₹12 lakh | Up to ₹6 lakh lump sum; balance via systematic unit redemption or annuity |
| Corpus above ₹12 lakh | Up to 80% lump sum; at least 20% must buy an annuity |
Under PFRDA's revised exit rules, non-government subscribers can exit at 60, on superannuation, or after 15 years of subscription, and can defer withdrawal and annuity purchase up to age 85.
Tax treatment: under current income-tax law, 60% of the corpus withdrawn as lump sum is tax-free; any additional lump sum is taxable at your slab rate unless the law is amended. Annuity income is taxed as income in the year it is received.
Money n Wealth facilitates NPS account opening, contributions and servicing through our tie-up with a PFRDA-registered Point of Presence (PoP), and helps you fit NPS into a complete retirement plan alongside EPF, PPF and mutual funds.
Estimate your retirement corpus with our free retirement calculatorIs it right for you?
Our process
We check whether NPS suits your retirement plan alongside EPF, PPF and mutual funds.
Open your NPS account digitally through our tie-up with a PFRDA-registered Point of Presence (PoP).
Choose between Active and Auto (life-cycle) choice, pension fund managers and equity limits.
Plan the lump-sum, annuity and systematic withdrawal options well before you turn 60.
FAQs
Old vs new regime comparison, investment-linked tax planning, capital-gains planning and coordinated ITR filing support.
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Money n Wealth is a brand of Predics Fintech Services Pvt Ltd — AMFI-registered Mutual Fund Distributor (ARN-121995) and APMI-registered PMS Distributor (APRN-07444). We are not a SEBI-registered Investment Adviser or Research Analyst; content on this page is for information and education. Mutual fund, SIF, PMS and AIF investments are subject to market risks — read all scheme and offer documents carefully before investing.