[Beta] Introducing National Pension Scheme (NPS)

I’ve opened NPS account with Zerodha.KFinTech is the middlemen(unsure in regards to the precise phrase to explain them)

Is it attainable to transact on NPS portal with out logging in to Zerodha ?Will such TXNs get mirrored on Zerodha NPS ?

Why is a cost levied for each contribution w.r.t NPS ? I heard that it’s round ₹5 for direct NPS contributions and round ₹30 when accomplished by means of Zerodha ?

KFIinTech is CRA that maintain the information in your case, this one in every of 3 current CRA authorized from NPS belief.

Sure, it’s good to login into CRA web site, in your case KFinTech and apply for the D-Remit account.

nps.kfintech.com

Nationwide Pension Scheme – Direct Remittance-Digital Account Creation

NPS subscribers are supplied with varied choices to deposit their voluntary contributions by means of the related POPs, eNPS or by means of NPS cell Software. Now along with the above, Direct Remittance (D-Remit) mode has been made accessible by…

After this you in a position to transact with UPI and free with none cost, in the event you accomplished transcation earlier than 9 AM identical day NAV allocations additionally facilated.

Thanks

Why is NPS so advanced with so many expenses ?

Why hasn’t this been simplified ?

Why not a flat charge taking into consideration the variety of TXNs & some quarterly expenses ?

Thanks to your reply. I checked few web sites and Truly it’s 20% long run and slab charge brief time period. If we’re so inclined to present extra money to the government we should always go to tier2 NPS . There’s no profit other than this . (Expense ratios aren’t there however taxes eat away greater than expense ratios)

The Tax Advantages for Tier-1 are as follows:

An extra deduction for funding as much as Rs. 50,000 in NPS (Tier I account) is obtainable solely to NPS subscribers underneath subsection 80CCD (1B). That is over and above the deduction of Rs. 1.5 lakh accessible underneath part 80C of Earnings Tax Act. 1961.

Other than this, there are tax advantages (exemption) on partial & lumpsum withdrawal, in addition to annuity buy. You may learn extra about it right here: FAQ (NSDL)

All these advantages aren’t relevant on Tier-2.

@Bhuvan I get an error when attempting to open NPS account

“An error occurred (404) when calling the HeadObject operation: Not Discovered”

Please help.

That’s bizarre. Checking.

I’ve opened a ticket as nicely 20240514724530. Thanks for the immediate response.

I’ve one other query if you don’t thoughts.

I at the moment wouldn’t have any NPS account and I’m attempting to open a person nps account with Zerodha now.

I learn that zerodha don’t help company NPS. If I be a part of an employer that helps Company NPS sooner or later, how would this particular person NPS account play out with the company NPS contributions from employer?

I learn that zerodha don’t help company NPS. If I be a part of an employer that helps Company NPS sooner or later, how would this particular person NPS account play out with the company NPS contributions from employer?

Undecided. Let me examine this. @Neelesh

We’re checking on the inaccurate error comment exhibiting right here, and shall be fastened shortly.

@Neelesh are you able to present any timeline on beneath options?

a) enabling SIP route for NPS contributionsb) shifting NPS from say SBI to Zerodha

Can’t promise any timelines, however there are the precedence duties now we have for NPS, which shall be stay quickly.

Hello All ,I have already got an NPS account , I registered by way of official web site of protean. I’ve been saving in tier 1 for previous 4 years.How can I switch this account / hyperlink this account to Zerodha’s coin ?It will be useful if I may consolidate NPS view in zerodha.

Expenses are decrease with Protean. Any purpose to switch?

any replace on nps shifting ?

any replace on nps shifting ?

Not but. Please give us a while. There are some technical challenges with this.

if i open a NPS account in zerodha, am i able to tranfer it from zerodha to others?

Sure, you are able to do it utilizing the CRA system.

That is nonetheless work in progress. Would possibly take a while.