Frequently Asked Questions
Quick Answers to Your Queries About the National Pension System
Common Queries
Find answers to the most common questions about NPS Regular, Corporate, and Vatsalya.
Account Opening & PRAN
Who can join NPS?
Any Indian citizen (resident or non-resident) between the age of 18 and 85 years can join NPS. For minors, parents/guardians can open an NPS Vatsalya account.
What is PRAN?
PRAN stands for Permanent Retirement Account Number. It is a unique 12-digit number that remains the same for the subscriber throughout their life, regardless of job changes or location shifts.
Can I have multiple NPS accounts?
No, a subscriber can have only one PRAN. Having multiple PRANs is not permitted under PFRDA regulations.
Investment & Returns
Is there a guaranteed return in NPS?
NPS is a market-linked product. Returns depend on the performance of the fund managers and the asset classes (Equity, Corporate Debt, Govt Securities) you choose. Historically, NPS has provided competitive long-term returns.
Can I change my Fund Manager?
Yes, you can change your Pension Fund Manager (PFM) once in a financial year. You can also change your asset allocation patterns up to four times in a financial year.
Taxation & Withdrawals
How much tax can I save with NPS?
You can save tax up to ₹1.5 Lakh under Section 80C and an additional ₹50,000 under Section 80CCD(1B). Corporate employees get extra benefits for employer contributions under Section 80CCD(2).
Can I withdraw money before retirement?
Partial withdrawals of up to 25% of your own contributions are allowed after 3 years for specific reasons (education, marriage, house, illness). Tier II account withdrawals are fully flexible.
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