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New Pension System (NPS)

NPS aims at ensuring financial security to every citizen by encouraging them to start contributing towards the old age saving. NPS has been designed to enable the subscribers to make optimum decisions regarding their future through systematic savings during their employment. NPS seeks to inculcate the habit of saving for retirement amongst the citizens.


  • Open to all citizens of India & NRIs from 18 to 60 years of age
  • NPS is designed as a voluntary saving scheme, with restricted withdrawal options
  • Two types of account options:
    • Tier-I which is regular pension account
      • Tier-II which is a saving account
      • Tier-II account can be opened either with Tier-I or at a later stage only if Tier-I is


  • No upper limit of investment
  • NPS is designed as a voluntary saving scheme, with restricted withdrawal options
  • Safe & reasonable market based returns over the long term
  • All charges levied under NPS are defined & regulated by PFRDA
  • Default penalty of Rs.100/- if min. contribution is not deposite
  • Dormant account shall be closed when account value falls to ZERO


  • It is voluntary- NPS is open to every Indian citizen
  • You can choose the amount you want to set aside & save every year
  • You can choose your own investment option & pension fund & see your money grow
  • It is portable. You can operate your account from anywhere in the country, even if you change your city, job or your pension fund manager
  • Tax benefits available under section 80 C of the Income Tax Act
  • It is regulated. NPS is regulated by PFRDA, with transparent investment norms & regular monitoring & performance review of fund managers by NPS trust
  • Professional record-keeping & fund management
  • No entry & exit loads

Alankit's network of over 3866 business locations is rendering services as Point of Presence Service Providers (POP-SP) for NPS across the country. As a service provider, the company takes care of functions relating to Subscriber Registration for NPS, undertaking Know Your Customer (KYC) verification, receiving contributions & instructions from subscribers & transmission of the same to designated NPS intermediaries. Apart from this, it also handles grievances of subscribers & guides them to the right way.