National Pension Scheme is a scheme run by the government. On the completion of its two years, the Ministry of Labor and Employment has made a tweet about it from its official Twitter account. National Pension Scheme is being run for a better tomorrow for the traders and self-employed.
National Pension Scheme National Pension Scheme was started by the government to provide benefits of pension to the people after their retirement. On the occasion of the second anniversary of this scheme, the Ministry of Labor and Employment has made a tweet about it from its official Twitter account.
The Ministry has written in this tweet that, for a better tomorrow for the traders and self-employed, the Government of India is running the National Pension Scheme. On the occasion of the second anniversary of this scheme, let us know in detail about its features.
Features of the plan
Under this scheme, the benefit of guaranteed pension of Rs 3000 is received every month after the age of 60 years. Apart from this, voluntary and contributory pension is available in this scheme. Under this, the Government of India also contributes. Whereas the person taking advantage of this facility has to contribute Rs 55 to Rs 200 every month. The pension in this plan is paid by LIC.
You can apply online to take advantage of this scheme. For this you need to have net banking facility and mobile number, email id and bank account. Along with this, Aadhar and PAN card details are also necessary to apply online. Let us know about the step by step process of online application.
How to apply
To apply online, one has to first login to the NPS Trust website and select the option of registration. After this, you have to click on the option of ‘Personal’. After this you will have to enter the details of your Aadhaar and PAN and after that an OTP will come on your registered mobile number. After this, you can choose the account you want to open according to your choice. If you have opted for Aadhaar, then you need to enter OTP for authentication. If you have opted for PAN, there will be a charge of Rs 125 for verifying bank details.
After that for acknowledgment number, fill your personal details and click on submit. You can then choose from any of the eight pension funds. Also, you have to choose the mode of investment and assign your nominee. After this you have to make the payment by uploading your photo and sign and after that you will be allotted Permanent Retirement Account Number (PRAN).
