“The government will contribute Rs 1000 per year to each NPS account opened in the year 2010-11.

---

New Pension Scheme (NPS)

PFRDA (Pension Fund Regulatory and Development Authority), India has opened New Pension Scheme (NPS) to all Indian citizens starting today, on 1st May, 2009.
Its a safe, flexible and portable scheme introduced by Indian Government’s cell PFRDA; to replace the existing System of Pension System in the country and to provide income security after retirement.
PFRDA was established by the Government of India to promote old age income security by establishing, developing and regulating pension funds, to protect the interests of subscribers to schemes of pension funds.

Highlights

Any Indian citizen will be able to start a New Pension Scheme account and can start investing any amount up for a pension.

• Open to all citizens aged between 18-60 years
• Exit age for new pension scheme will be 60 years.
• Attractive investment schemes to choose from
• Professional record-keeping and fund management
• Technology driven, Transparent fee based system
• Withdrawal facility as and when you wish, under Tier II
• No entry and exit loads
• Multiple fund managers
• Multiple investment options
• Minimum Contribution per installment: Rs 500
• Minimum Contribution per year: Rs 6000
• Minimum Contributions per year : 4 
• ACCOUNT OPENING PLEASE CALL +91-9868084927