{"id":3816,"date":"2022-07-16T06:34:58","date_gmt":"2022-07-16T06:34:58","guid":{"rendered":"https:\/\/lxme.in\/?p=3816"},"modified":"2024-11-05T03:41:12","modified_gmt":"2024-11-05T03:41:12","slug":"national-pension-scheme-details-newbieinvestor","status":"publish","type":"post","link":"https:\/\/lxme.in\/v1\/national-pension-scheme-details-newbieinvestor\/","title":{"rendered":"National Pension Scheme Details #NewbieInvestor"},"content":{"rendered":"\n<p>Are you a Newbie in the financial world and want answers to the basic Qs on National Pension Scheme? Here you go!<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_75 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/lxme.in\/v1\/national-pension-scheme-details-newbieinvestor\/#What_is_NPS\" >What is NPS?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/lxme.in\/v1\/national-pension-scheme-details-newbieinvestor\/#What_is_the_eligibility_to_invest_in_NPS\" >What is the eligibility to invest in NPS?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/lxme.in\/v1\/national-pension-scheme-details-newbieinvestor\/#What_are_the_types_of_accounts_available_under_NPS\" >What are the types of accounts available under NPS?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/lxme.in\/v1\/national-pension-scheme-details-newbieinvestor\/#Who_should_invest_in_NPS\" >Who should invest in NPS?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/lxme.in\/v1\/national-pension-scheme-details-newbieinvestor\/#How_and_where_can_I_open_an_NPS_account\" >How and where can I open an NPS account?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/lxme.in\/v1\/national-pension-scheme-details-newbieinvestor\/#Can_NRIs_open_an_NPS_Account\" >Can NRIs open an NPS Account?<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_NPS\"><\/span><strong>What is NPS?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>National Pension Scheme (NPS) is a pension cum investment scheme launched by the Government of India to provide security at the time of retirement to Citizens of India. It brings an attractive long-term saving avenue to effectively plan your retirement through investing in different asset classes available under NPS. The Scheme is regulated by Pension Fund Regulatory and Development Authority (PFRDA). &nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_eligibility_to_invest_in_NPS\"><\/span><strong>What is the eligibility to invest in NPS?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Any Indian Citizen in the age group 18-70 can open an NPS Account &nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_are_the_types_of_accounts_available_under_NPS\"><\/span><strong>What are the types of accounts available under NPS?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Under NPS, there are 2 types of accounts available: Tier 1 and Tier 2 Account<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"538\" src=\"https:\/\/lxme.in\/wp-content\/uploads\/2022\/07\/NPS-pension-scheme-table-of-investments-retirement-plan--1024x538.jpg\" alt=\"pension scheme table of investments retirment plan\" class=\"wp-image-8084\" srcset=\"https:\/\/lxme.in\/v1\/wp-content\/uploads\/2022\/07\/NPS-pension-scheme-table-of-investments-retirement-plan--1024x538.jpg 1024w, https:\/\/lxme.in\/v1\/wp-content\/uploads\/2022\/07\/NPS-pension-scheme-table-of-investments-retirement-plan--300x158.jpg 300w, https:\/\/lxme.in\/v1\/wp-content\/uploads\/2022\/07\/NPS-pension-scheme-table-of-investments-retirement-plan--150x79.jpg 150w, https:\/\/lxme.in\/v1\/wp-content\/uploads\/2022\/07\/NPS-pension-scheme-table-of-investments-retirement-plan-.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<div style=\"height:21px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Who_should_invest_in_NPS\"><\/span><strong>Who should invest in NPS?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>NPS can be ideal for someone who is looking for:<\/p>\n\n\n\n<p>&#8211; A low-cost product<\/p>\n\n\n\n<p>&#8211; Tax benefits for Individuals, Employees, and Employers<\/p>\n\n\n\n<p>&#8211; Attractive market-linked returns<\/p>\n\n\n\n<p>&#8211; Professional management by experienced Pension Funds<\/p>\n\n\n\n<p>&#8211; Investing for a long-term period considering NPS(Tier 1) has a lock-in and needs regular income during the post-retirement period<\/p>\n\n\n\n<p>&#8211; Flexibility in terms of selecting an asset allocation<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_and_where_can_I_open_an_NPS_account\"><\/span><strong>How and where can I open an NPS account?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>For all citizens and corporates wishing to provide this facility to their employees, NPS is distributed through various authorized Points of Presence (POP\u2019s) and currently, almost all the banks (both private and public sector) are enrolled to act as Point of Presence (POP) apart from several other financial institutions. To invest in NPS, you can open an account with a Point of Presence (POP) or online through the eNPS platform.<\/p>\n\n\n\n<p>You can open an NPS account online through eNPS if you have-<\/p>\n\n\n\n<p>(i) Aadhaar Card, or<\/p>\n\n\n\n<p>(ii) PAN card with Savings account<\/p>\n\n\n\n<p>Website<a href=\"http:\/\/www.npstrust.org.in\/\" target=\"_blank\" rel=\"noopener\"> www.npstrust.org.in<\/a>&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Can_NRIs_open_an_NPS_Account\"><\/span><strong>Can NRIs open an NPS Account?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Yes, NRIs can invest in NPS. Also, Overseas Citizens of India (OCI) can enroll in NPS and they will be considered at par with non-resident Indians (NRIs).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Are you a Newbie in the financial world and want answers to the basic Qs on National Pension Scheme? Here you go! What is NPS? National Pension Scheme (NPS) is a pension cum investment scheme launched by the Government of India to provide security at the time of retirement to Citizens of India. It brings <a href=\"https:\/\/lxme.in\/v1\/national-pension-scheme-details-newbieinvestor\/\" class=\"more-link\">&#8230;<span class=\"screen-reader-text\">  National Pension Scheme Details #NewbieInvestor<\/span><\/a><\/p>\n","protected":false},"author":10,"featured_media":8037,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[651],"tags":[30,9,231,150,236,203,201,166],"class_list":["post-3816","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-retirement","tag-investing","tag-investments","tag-national-pension-scheme","tag-nps","tag-nri","tag-pensionfunds","tag-retirement-planning","tag-women-and-investing"],"acf":[],"_links":{"self":[{"href":"https:\/\/lxme.in\/v1\/wp-json\/wp\/v2\/posts\/3816","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lxme.in\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lxme.in\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lxme.in\/v1\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/lxme.in\/v1\/wp-json\/wp\/v2\/comments?post=3816"}],"version-history":[{"count":5,"href":"https:\/\/lxme.in\/v1\/wp-json\/wp\/v2\/posts\/3816\/revisions"}],"predecessor-version":[{"id":9894,"href":"https:\/\/lxme.in\/v1\/wp-json\/wp\/v2\/posts\/3816\/revisions\/9894"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lxme.in\/v1\/wp-json\/wp\/v2\/media\/8037"}],"wp:attachment":[{"href":"https:\/\/lxme.in\/v1\/wp-json\/wp\/v2\/media?parent=3816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lxme.in\/v1\/wp-json\/wp\/v2\/categories?post=3816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lxme.in\/v1\/wp-json\/wp\/v2\/tags?post=3816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}