Investment needs are unique to each and every Individual. No single financial plan would be suitable to everyone. It is necessary, that awareness is created. Such awareness ,created and understood , is the Individual’s responsibility, who undertake decisions and apply the same to their situations. This website or any Individual or entity related with this website , would not take or assume any liability towards the decisions undertaken by such individuals. Individuals are encouraged to make inquiries, validate such information, from available resources on both online and offline content , before undertaking any financial decisions.       This website does not charge any fees for such services rendered. Information sought and sharing of such information is permissions based . The website focuses only on the NPS All Citizen model and the Corporate model only as more awareness needs to be created on this models. Government model and the erstwhile NPS swavalamban model (Now Atal Pension Yojana ) are already being undertaken by the Government agencies through their own network and marketing channels.

What is the NPS ( National Pension System)?

The National pension system or earlier known as the New Pension system , originated in the year 2004 in India . It has become a game changer, in the way the pension systems are administered in India . The system moved from the defined ‘benefit’ system to the defined ‘ contribution ‘ system. The objective was to bring a control on the public finances and managing fiscal deficit .All government staff , joining the government service after 2004 (except the Armed forces) , are covered under the New Pension system ,which over a period of time has become termed as the National Pension system. This is compulsory for the staff working in government services.

The National pension system is one of the good model exhibition of Public – Private participation . It puts in place a delivery of a very valuable financial product for the Indian masses – Pension or old age income and financial security. Indian masses , except those employed in government services and a very few model corporations , do not have the benefit of a specific allocation towards old age income and security. In addition to this, India as a society, is veering fast towards a nuclear family model with double member earnings. Joint family system is one of the casualties. Lifestyle goals and Increasing longevity factor due to advancing medical facilities, in addition create unavoidable situations , for providing such coverage of pension requirements.

There are in all, Four different types of models or variants of the National Pension system.

  1. 1. All Citizen Model
  2. 2. Government Sector Model
  3. 3. Corporate Model
  4. 4. NPS Swalamban / NPS lite / Atal Pension.

This website information would focus only on the All Citizen model and the corporate model in detail.

A birds eye view of NPS.

Serial Service provider/ beneficiary Function Objectives Reporting to
1 Point of Service (POP) To service completely the subscriber To take care of all interactions of subscriber First level to CRA and NPS trust/ PFRDA
2 Central record keeping agency CRA To manage all the records of the systems.NSDL E governance and Karvy Computershare Pvt Limited are the central record keeping agencies appointed by the NPS trust for the efficient administration of the records. To ensure all processes are in place Reporting to the NPS trust/ PFRDA
3 NPS trust To also help in registration and contributions accounting for the subscribers and corporates To overall manage the scheme Reporting to the PFRDA
4 Custodian To manage the Investment records. To provide all information on holdings to the Pension Fund manager and track all actions pertaining to securities Reporting to the NPS trust/PFRDA
5 Trustee Bank To manage the banking and funds related activities of the system To perform the role of the banker to the entire process. Reporting to the NPS trust and RBI/PFRDA
6 Pension Fund Manager To manage and grow the funds for the subscribers To grow the corpus in lines with the trust guidelines Reporting to the NPS trust/PFRDA
7 Annuity service provider To provide Annuity services post of the retirement subscribers To provide Pension to the subscribers post their retirement age Reporting to IRDA