Department of Posts starts providing NPS services through online mode

Department of Posts, under the Ministry of Communications (DoP) has been providing the National Pension Scheme (NPS-All Citizen Model Scheme), a voluntary pension scheme of the government of India.

 

The scheme is managed by the Pension Fund Regulatory and Development Authority(PFRDA) through its designated Post Offices since 2010 through a physical process system.

Any person, who is a citizen of India in the age group of 18-70 years of age group, can avail of this online facility by visiting the official website of the Department of Posts (www.indiapost.gov.in) under the menu head "National Pension System -Online Services".

The specific link is https://www.indiapost.gov.in/Financial/Pages/Content/NPS.aspx

Facilities like new registration, initial/ subsequent contribution and SIP options under NPS Online are available to the customers at minimum charges for all services. 

 

NPS service charge of the Department is amongst the lowest. 

 

The subscribers are also eligible for a tax deduction in NPS as per the declaration made by the Ministry of Finance from time to under sec. 80CCD 1(B).

This online facility may be availed by all eligible persons for NPS without physically visiting any post office and to enjoy the hassle-free experience at a minimum fee structure. 

 

NPS Online facility will go a long way in promoting National Pension Scheme (All Citizen Model) and will ensure a secured and dignified life of people in the country in their old age.