National Pension System - Yono

NPS account opening

Features:

• NPS offer exclusive Tax benefit for investment upto Rs. 50,000 under Sec 80CCD(1B)
• It is regulatedby the Pension Fund Regulatory and Development Authority(PFRDA) and undergoes regular monitoring and performance review.
• NPS offers a flexible range of investment
• It offers 2 accounts: Tier I and Tier II with 2 investment options(Active choice and Auto choice). In active choice, the allocation is decided by the subscriber. In auto choice, subscribers are completely assisted in asset allocation decisions.

Eligibility:

• A resident citizen of India
• Between 18 years to 70 years of age as on date of submission of his/her application
• Subscriber should comply with the prescribed Know Your Customer (KYC) norms.
• PAN card is mandatory.

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