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Old December 4th, 2017, 12:42 PM
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Join Date: May 2011
Default Re: National Pension Scheme State Bank of India

As you Asking for the Information About the National Pension Scheme of the State Bank of India the Information is given below

National Pension Scheme

National Pension Scheme for every Indian citizen was introduced from May 1, 2009 by the Pension Fund Regulatory and Development Authority as an initiative to provide the elder with old age pension security who are between the age group of 18 to 60 year

Benefits Of SBI National Pension Scheme
The main benefit based on the Swavalamban guidelines that had been approved by the Government of India, is that all NPS accounts opened between 2010 and 2011, 2011 and 2012 and 2012 and 2013 are eligible for Rs.1,000 benefit from the Government as long as the prescribed eligibility criterias have been fulfilled.

Charges :

Initial Subscriber Registration Charges per person: Rs. 100
Initial Contribution amount for every individual per subscriber where an ad valorem of 0.25% of the initial contribution amount needs to be paid.

The minimum contribution should be Rs. 20 and the maximum can be up to Rs. 25,000. Subsequent Contribution for Transaction Charges for every subscriber where an ad valorem of 0.25% of the initial contribution amount needs to be paid.

The minimum contribution should be Rs. 20 and the maximum can be up to Rs. 25,000.

Eligibility

To open this account, the individual should be between the age of 18 to 60 years.
Based on the KYC norms the following documentation are required:
Photo Id proof
Date of birth proof
Address proof
Application form

For more Information you may Visit the Nearest branch of the State bank of India
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