NPS as an investment option and tax savings

You can set up monthly payment by setting up NPS amount in BoB. Works like SIP. You can set this up and cancel it accordingly, 4 times in a year, just like you can redefine your BoB 4 times in a year, at max

I also started corporate NPS with TCS, but now I don't know how to track it 😭

You can track it on NPS portal, need to have account + up to 10% of basic can be contributed every month towards it from your salary. Need to declare in BOB. You can pick the fund per your choice and it is a good tool for generating retirement corpus.

Here with steps wise guide

1. Register for NPS account https://v1.life99.in/register/7955102870b8c86fb0877a8062f461148791b57b

2. Get in connect with Finance Hr team to tag the account with your NPS account. They will provide you share the details in one template.

3. Declare the NPS amount in BOB

That’s all, once you done with above steps. Monty NPS amount will be shows in you payslip with deduction section

PS: only the registration and getting tranfer/tag the NPS account will be time taking and sometime need follow up

Once it done then no need to check on.

What is NPS? How does it work? Who can do that? What are the benefits? Please explain

NPS is a very good investment option. It's linked to ULIP and gives a good return, which you can always check on the nsdl portal.

For every investment, it deducts POP charges. So I prefer to pay quality instead of monthly.

For beginners, if you pay 12 equal installments, then Govt gives you 1 extra installment to your account for 3 consecutive years. (Not sure if it's still giving, but I had enjoyed the scheme)

For Central govt. employees, Pension schemes were stopped from 2005 and introduced NPS. Which can be done by any body (govt or pvt employee or business man). No Govt employee joined after 2005 are getting Pension now a days. All are registered in NPS.

I have opened my NPS with ICICi. How to convert or transfer from ICICI to HDFC.

Can anyone explain what actually is the difference between corporate NPS and personal NPS? Plus what is the actual benefit of having a corporate one? What is TCS contribution to our corporate NPS?

There are 2 things one for ur one time contribution in a year when market is down via logging in hdfc enps.so u will get best return. Another way nps deduction monthly from ur salary as Bob cut off.so when that month market is at high u will get less return.but investing in nps is very beneficial

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