NPS

Dear All,
Please explain about NPS, How to open NPS Account and what is its benifit ?.

Prasanta Biswal more  

There are two ways of investing in NPS. One through Pan card and other through aadhar. Many banks have tied up with Nps but not icici, hdfc and uti because they have their own NPS set up. One needs to have 1. One copy of the photograph 2. Address proof which is aadhar 3. Copy of signture in the prescribed format. You can choose to invest in active ( choosen by the subscriber ) to invest the money into equity, corporate debt and government securities. It takes 2 days for the amount which is paid to be allocated in these schmes. Auto mode the allocation of units is designed by the system based on the subscribers age. For a person in 30% tax bracket. The effective investment is 35k. Because taxes worth 15k is saved. more  
Mr.Shekhar K, Thank you for the offer. i have a few questions; will mail you. more  
google NPS and you will get all details . ! more  
Please drop a note to me on taxpirin@gmail.com. would be glad to assist you on your questions. more  
Mr.Prasanta Biswal, Please find more details in postings titled "National Pension Scheme' started a 2 days back. There is one pdf document there with details. more  
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