Mandatory Service for All VLEs – One Person One Pension (NPS)
National Pension Scheme (NPS) is a government-sponsored pension scheme.A subscriber can contribute regularly in a pension account during his/her working life to secure a regular income after retirement.
NPS Is a Mandatory Service for VLES, Open an NPS Account beforo 28th February 2019 and secure your future from old age
Commission For VLE
VLE’s earn instant Rs. 169 commission on each new NPS account which is opened by them and in case of contribution to existing pension account instant commission Rs. 16
Registration on in NPS Is a 3 Step Process
1. To register fill online Form an d upload KYC Documents
2. VLE to pay using CSC VLE wallet
3. All customers to e-Sign the application on the Portal which Is the last step
NPS can be opened with a Minimum Balance of Rs. 500. (Permanent Retirement Account Number) , PRAN kit w ill be dispatched within 7 working days to subscriber address..
NPS also qualifies for an exclusive tax deduction of Rs 50,000 under Section 8oCCD (1B) of Income Tax Act
NPS system Provides login Access to Subscribers details using a User friendly mobile Application. Subscriber can Check their statement get E-PRAN, change Investment option$.(Pension fund Managar) PFM etc on their own
