Contribution towards Tier I account.
A subscriber contributes 10% of their Salary + DA into their Tier-I (pension) account on a mandatory basis every month, which is invested along with the matching contribution from the employer.
On voluntary basis, subscriber may contribute through various modes i.e., PoPs, Nodal Office and e-NPS.
Opening Tier-Il account and investment options and choice of PFMs available under Tier-Il
An active Tier I account/ PRAN is a prerequisite for opening of a Tier II. Any government employee who has an active Tier I account can approach to their associated DDO/PAO or any PoP-SP or through e-NPS (online channel) for activation of Tier Il account. Subscriber can choose one Pension Fund and decide the investment pattern (Active or Auto choice).
For detailed information on investments, subscriber may visit PFRDA website > All Citizen Model > Investment Choices.
NPS investment options for Government employees
| Particulars | Exposure Limits |
|---|---|
| Government Securities & related investments | Upto 65% |
| Debt Instruments & related investments | Upto 45% |
| Short-term debt instruments & related investments | Upto 10% |
| Equity & related investments | Upto 15% |
| Asset backed trust structured & Miscellaneous investments | Upto 5% |
| 3 Fund Managers: SBI Pension Fund | UTI Retirement Solution | LIC Pension Fund | - |
For accessing the latest guideline, the pension fund section may be visited on the PFRDA website in Intermediaries > Pension Funds > Circulars.
Timelines on upload of SC and remittance of funds
The timelines are specified in OM No 1 (7) 2003 / TA / Partfile / 279 Dt 2/9/2008 issued by Department of Expenditure, Office of CGA, Ministry of Finance; applicable to Civil Ministries only i.e., DDOs must submit salary bills to PAOs by 20th, PAO/CDDOs should upload the subscriber contribution files (SCFs) on NPSCAN and obtain the Transaction ID by the 25th of each month. Further, the remittance of NPS contributions (Government's and employees) through RTGS/NEFT should be credited to the account of the Trustee Bank by the PAO on the last working day/salary day of each month for that month.
Statement of Transactions (SoT) & NPS account balances
Subscribers can access their SoTs at NPS mobile app / online login using I-PIN without intervention from the concerned office. CRA-NSDL sends SoTs to all subscribers once a year at their registered postal addresses. Further, subscriber may also approach DDOs/Uploading offices for downloading SoTs using their official login IDs at the CRA system.
