Save tax and get pension...

National Pension System (NPS) is a voluntary, defined contribution based scheme introduced by Pension Fund Regulatory and Development Authority (PFRDA), a government entity to administer the National Pension System. NPS is a social security program, and is considered a good option for retirement planning. A quick look at the program and how it works:

5 reasons to opt for NPS

With increasing life expectancy, a high cost of living, better health care, it has become necessary to enable people to be active in post retirement years, therefore calling for prudent savings, intelligent investments and enablement of a bigger corpus for post retirement years for a dignified life. NPS offers a wide array of benefits - investment options to create wealth for individuals, tax benefits and retirement planning. Unlike other pension schemes, NPS has a defined contribution and individuals can decide where to invest their money.    
 1. SMARTEST WAY TO INVEST FOR RETIREMENT SAVING. NPS is a powerful tool that enables you to secure your retirement.
 2. VOLUNTARY WITH MINIMAL INVESTMENT. Employees can start investing with as little as Rs.500/- per month, enabling employees across salary levels to enroll.
 3. ADDITIONAL TAX EXEMPTION. Get an additional tax exemption upto 10% of Basic u/s 80CCD (2) of Income Tax Act 1961, over and above the current exemption of 1 Lac u/s 80 CCE.
 4. WEB BASED INTERFACE & FULLY TRANSPARENT. Track all investments and corpus online, which makes the system fully transparent.
 5. PORTABLE. Unique individual Permanent Retirement Account Number (PRAN) for individual subscribers, which is portable across corporates and locations.
Invest today for a comfortable tomorrow!

An example below on potential Return on Investment, subject to a moderate return of 8% annually:
** Hypothetical scenario and can vary based on individual choices

 

How to get registered?

1.    Complete "Online Registration" through this URL
2.    Once you click on the URL, an initial registration page will appear.
3.    The system will capture the minimum required information (bare minimum information, such as name, contact details and email id).
4.    On submission, there will be a system generated email that will be triggered to your email ID along with a different URL (encrypted).
5.    You can access the URL and fill the registration form.
6.    After filling all the required details, you need to confirm the details, take a print of the form and attach the required KYC documents. Following are the documents required for registration:
          I.    Colored photograph
          II.    Self-attested PAN card copy
          III.    Self-attested address proof copy
          IV.    Original cancelled cheque (in case the bank details are mentioned in the form)
7.    HDFC Securities  if any. Click here to find out the HDFC Securities helpdesk.  
8.    HDFC Securities will be submitting your application to Central Record Keeping Agency of NPS (Currently NSDL) to issue Permanent Retirement Account Number (PRAN).
9.    Once the PRAN is generated, an email alert as well as an SMS alert will be sent to your registered email ID and mobile number, respectively. For security reasons, only the last four digits will be mentioned in the alerts. You will know the PRAN on the receipt of the PRAN welcome kit. You can also approach HDFC Securities for the PRAN.
10.    The PRAN welcome kit (comprising of the PRAN card and a pin-password) will be sent to your mailing addresses within 20-30 working days from the date of submission of the application by PFRDA. HDFC Securities will facilitate the same.
11.  Incase you already have PRAN and hold NPS account, you are required to fill a intersector shifting form so that your NPS a/c can be shifted from an individual a/c to a corporate a/c. You will have to attach the KYC documents listed below and submit it at the Registration desk.
          I.    Self attested copy of PRAN Card
          II.    Self-attested PAN Card copy
          III.    Self-attested address proof copy
          IV.    Cheque of Rs 22.47/- in favor of “HDFC Securities Ltd NPS A/C”

Once you complete the Subscriber Registration mentioned above (for NPS), you will be allocated  with a PRAN a/c number.
 

Click here to learn more on the NPS Policy T&C and the FAQ.

For any clarifications, write to services@hdfcsec.com or call HDFC Securities at the Helpdesk number: 022 - 39019400 or (0 + local area code + 39019400). You can also write to city wise HSL (HDFC Securities Ltd.) SPOCs or call them on their contact numbers - refer to the NPS Policy for the contact details and escalation matrix.