Will you please provide me the details of New Pension Scheme (NPS) of Punjab National Bank? If possible provide me the details in a pdf file? Also provide me the process to apply for New Pension Scheme (NPS) of this bank?

PNB has launched National Pension System (NPS), through all our branches.

National Pension system (NPS) launched by Govt. of India and regulated by PFRDA, is a voluntary, defined contribution retirement savings scheme.

NSDL e-governance infrast. Ltd. is CRA (central record keeping agency) for recording details of subscriber.


PNB NPS registration details






About NPS:

NPS is available for corporates and individuals through corporate model and all citizen model respectively

Two types of account available for both models

Tier i : pension account
Tier ii : investment account

Investment option

Active choice(manual intervention required)
Auto choice(predefined investment)

Contribution
Tier i: min rs 500 at the time of opening account, min rs 6000 contribution per financial year
Tier ii: initial contribution is rs.1000, minimum a/c balance 2000 per financial year

Tax benefit
Tax is exempted of 1.5lakh under 80cce
Additional saving of 50000 under tier i is exempted under 80ccd(1b)

Contact:

PNB
Plot No 4, Sector -10 Dwarka New Delhi -110075