| 17th October 2016 08:49 AM | |
| shikha | Re: Nps sbi New Pension System is a voluntary contribution of funds for a sustained period of time (till the age of 60years) to enable him to draw pension after he attains 60 years of age Features : NPS is a voluntary Pension System of Pension Fund Regulatory and Development Authority (PFRDA) open to all citizens in the age group of 18-60 years. The Scheme is operative from 01.05.2009. The objective is to provide old age pension; reasonable market based returns over long term Bank designated branches i.e. Point of Presence-Service Provider (POP-SP) accept the application form and get the subscribers registered with Central Record keeping Agency (CRA) for generation of the Permanent Retirement Account Number (PRAN). The PRAN will be quoted in all future transactions. There are two models i.e. Tier I and Tier II. Tier-I account is where you contribute your savings for retirement into a non-with drawable account till you reach 60 years and draw pension for the rest of your life. Age Limit The scheme is open to people between age 18 to 60 years Minimum contribution at the time of account opening -Rs.1000/- Minimum amount per contribution - Rs. 250/- Minimum Account Balance at the end of FY-Rs. 2000/- Minimum number of contributions in a year - One For more details you may Visit the Nearest branch of the State bank of India |
| 15th October 2016 06:06 PM | |
| Unregistered | Nps sbi Hii sir, I wants to give the Information About the new Pension Scheme of the State bank of India ? |
