How to find eligible schemes?

Use our live Eligibility Checker on the homepage to find central and state welfare benefits.

Stand-Up India Scheme

National Pension System (NPS)

Central Scheme (All India) Finance Application Mode: MIXED Active

verified

Verified Scheme Data Profile

This profile has been independently compiled from official gazette notifications and verified web domains. Source Authority Link: myscheme.gov.in Authority: Ministry of Finance • State/Region: Central Scheme (All India) • Last Audited: 20 Oct 2026

psychology Quick AI Summary

A voluntary, defined‑contribution retirement savings scheme administered by the Pension Fund Regulatory and Development Authority (PFRDA) to facilitate systematic long‑term savings for old age.

Detailed Summary

Regulatory Framework

The NPS is governed by the Pension Fund Regulatory and Development Authority (PFRDA) under the NPS Act, 2004. It operates as a Central Government scheme and is open to all Indian citizens, including non‑resident Indians.

Account Structure

Two tiers of accounts are available:

Tier‑I: Mandatory retirement account; withdrawals are permitted only on attaining the prescribed retirement age, subject to pension annuity rules.
Tier‑II: Voluntary savings account; funds can be withdrawn at any time, offering flexibility for liquidity needs.

Investment Options

Subscribers may choose between active choice (individual asset‑class allocation) and auto‑choice (life‑cycle fund) models. Returns are market‑linked and depend on the performance of the underlying asset classes.

Key Benefits & Financial Assistance

Comparison Criteria	Benefits
Key Benefits	Tax deduction up to ₹1,50,000 under Section 80C (including employer contribution) Additional deduction of ₹50,000 under Section 80CCD(1B) exclusive of 80C limit Market‑linked returns with option of active or auto asset allocation Portability across employment and geographic locations Ability to withdraw partial corpus from Tier‑II for specific purposes such as education, housing, or medical emergencies

Comparison Criteria

Benefits

Key Benefits

Tax deduction up to ₹1,50,000 under Section 80C (including employer contribution)
Additional deduction of ₹50,000 under Section 80CCD(1B) exclusive of 80C limit
Market‑linked returns with option of active or auto asset allocation
Portability across employment and geographic locations
Ability to withdraw partial corpus from Tier‑II for specific purposes such as education, housing, or medical emergencies

Eligibility Criteria Profile

Comparison Criteria	Eligibility
Minimum Age Limit	18 Years or above
Physical Disability	Not Restricted (Anyone can apply)
Domicile State	All India (Central Scheme)

Application Process Guide

Complete KYC verification (Aadhaar, PAN, and address proof).
Choose Tier‑I, Tier‑II, or both and select the preferred investment option.
Submit the application online via the eNPS portal or physically at any authorized Point of Presence (POP) bank/financial institution.
Make the initial contribution (minimum ₹1,000 for Tier‑I, ₹250 for Tier‑II).
Receive the Permanent Retirement Account Number (PRAN) and account statements.

Common FAQs regarding this Yojana

Eligible permanent residents meeting the specified domicile, income, and category criteria can submit an application along with verified credentials.

Key mandatory documents include Aadhaar Card, Residence/Domicile Certificate, Income Certificate, and active Bank Account Passbook.

Benefits are directly credited to the beneficiary's Aadhaar-seeded bank account through the Public Financial Management System (PFMS) / DBT.

Applicants can track status in real-time by logging into the official portal using their Application Reference Number.