State Bank Of Travancore NPS

Hii sir, I Wants to get the Information About the national Pension Scheme of the State Bank of Travancore ?

As you Asking for the Information About the national Pension Scheme of the State Bank of Travancore let me tell you that State Bank of Travancore is merged into the State Bank of India So Here I am giving you the Information About the National Pension Scheme of the State Bank of India that is as follow

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 years. The main intention of this account is to allow elders to enjoy a reasonable market based returns over a long period of time.

Eligibility Criteria

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

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.
For other transactions that are not for subscribers is Rs. 20.

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Answered By StudyChaCha Member