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National Pension Scheme by Muthoot Finance
The National Pension Scheme (NPS) has been rolled out for both Resident and Non-Resident citizens of India. Muthoot Finance is a registered entity authorized by PFRDA to undertake all activities as Points of Presence (POPs) under Registration Number 5000262. With this registration, we can enroll and collect money for remittance to NPS corporate, resident and NRI individuals.
Salient Features of the Scheme:
It is a voluntary contribution scheme.
It has a facility available for savings and investment so that finances for one’s retirement are taken care of.
The contributions of all account holders are collated and invested by fund managers of the Pension Fund Regulatory and Development Authority (PFRDA).
The NRI investor has two options:-
a. Active Choice: The NRI decides the asset classes that the money should be invested in and the allocation percentage in each investment type.
b. Auto Choice:Investment is done on behalf of the NRI based on his age.
Under the Scheme, there are two sub-accounts available:-
a. Tier – I accounts: Withdrawals are allowed for up to 25% of the account holder’s contribution. There are some rules around withdrawal and exit options.
b. Tier-II accounts: These are like savings accounts. The NRI can withdraw whenever he/she wants from these accounts.
For more details contact the nearest branch
or call Customer Care: 9946901212