NPS mobile app

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NPS mobile app

NPS mobile app is developed by NSDL e- Governance Infrastructure limited. By using this mobile app one can check his contribution to new pension scheme , returns, updating address , mobile, email details. It is availiable in google play store and consumes 41.60 MB memory.


The National Pension System (NPS) is a voluntary defined contributory pension scheme administered and regulated by Pension Fund Regulatory and Development Authority (PFRDA) created by an Act of Parliament of India. The NPS started with the decision of Government of India to stop defined benefit pensions for all its employees who joined after 1st Jan 2004. While the scheme was initially designed for government employees only, it was opened up for all citizens of India in 2009. NPS is an attempt by the government to create a pensioned society in India.

Who can join NPS ?

A citizen of India, whether resident or non-resident can join NPS, subject to the following conditions:

  1. The subscriber should have age between 18 – 60 years as on the date of submission of his/her application .
  1. The subscribers should comply with the Know Your Customer (KYC) norms as detailed in the Subscriber Registration Form.

Un-discharged insolvent and individuals of unsound mind cannot join NPS

NPS charge structure

NPS is arguably one of the cheapest pension plans in the world. The charge structure of NPS is given below

  • POP charges: Rs 125 as one-time enrollment fee and thereafter 0.25% (Min rs 20 and max Rs. 25000) on every financial transaction. Rs 20 for a non-financial transaction. These charges are collected upfront.
  • CRA charges: Rs 50 for account opening, Rs 4 for every transaction and Rs. 190 annual maintenance charge. These charges are collected through cancellation of units in subscribers fund.
  • Fund Management Charge: Currently 0.01% of the fund value. This charge is collected through deduction of units.
  • Custodian charges: 0.0075% for electronic segment and 0.05% for physical segment

NPS Tax Benefits

NPS qualifies for Income tax benefits under three different sections of Indian tax laws

Section 80C up to Rs. 150,000

Section 80CCD(1) up to Rs 50,000

Section 80CCD(2) up to 10% of basic salary contributed by the employer.

All these tax breaks are independent of each other and can be availed simultaneously

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