Got more questions?
Locate the nearest branch for best assessment.
Locate Branches
/axis-bank_rewamp-banner_investment_national-pension-system-nps_mobile_360-x-400-px-copy.webp)
NPS Scheme - National Pension System
National Pension System (NPS), is an investment tool designed to help you save money while you are employed and ensure a regular stream of income post-retirement. Backed by the Indian government, NPS is designed to suit the varied requirements of different classes of citizens. NPS offers the opportunity to invest in asset classes such as equity and debt and offers market-linked returns. Additionally, tax saving is another inherent feature of this investment avenue that is regulated by the Pension Fund Regulatory and Development Authority (PFRDA). Read more to learn about this retirement planning tool, its features and benefits, and other details.
What is the National Pension System (NPS)?
The National Pension System (NPS) is a government-initiated scheme designed to provide financial security during retirement. It offers systematic savings throughout your working life, with attractive tax benefits and investment flexibility tailored to your needs.
Secure income for old ageThe NPS helps create a retirement safety net by encouraging disciplined savings during your working years. With tax benefits and market-linked growth, NPS ensures you have a substantial corpus for your old age.
Choice of investment modelsSelect between Auto Choice (lifecycle-based) and Active Choice (self-directed) investment options to suit your risk tolerance and retirement objectives.
Two account options
- Tier I: A mandatory, tax-advantaged account for retirement savings.
- Tier II: A voluntary account with withdrawal facilities, ideal for short-term savings and investments
Dual benefit for investors
Under Old Tax Regime:
Investors can invest up to 10% of Basic Salary (salaried individuals) or 10% of Gross Annual Income (self-employed individuals) under Section 80CCD(1), subject to the overall limit under Section 80CCE.
Additional investment of ₹50,000 allowed under Section 80CCD(1B) as an exclusive deduction for NPS.
Under New Tax Regime:
Salaried individuals can claim tax benefit on employer’s contribution towards NPS under Section 80CCD(2) up to 14% of Basic Salary (as per applicable limits).
Features & Benefits
Ensure Income security in your old age
With systematic contributions, NPS helps build a substantial retirement corpus for financial independence in your later years.
All citizens model
Available to all Indian citizens, regardless of employment status, ensuring inclusive retirement planning.
Corporate sector model
Employers can contribute to employee NPS accounts, providing additional tax benefits.
Minimal Contribution
A minimum annual contribution of ₹250 is required for Tier I accounts, allowing you to start saving for retirement with ease.
Scheme preference
You can choose from multiple investment options, including equity (E), corporate bonds (C), government securities (G), and alternative investments (A), depending on your risk tolerance.
Withdrawals
Upon reaching the age of 60 years or 15 years of subscription ( whichever is earlier), subscribers can withdraw up to 80% of the accumulated corpus, while the remaining 20% must be utilized for the purchase of an annuity.
Read MoreEligibility for NPS
Types of NPS Accounts - Two account types are available to subscribers:
Steps to open NPS Account Online
You can start your retirement planning and save for your retirement corpus by opening an NPS account online using these simple steps:
Steps to access your National Pension System Account
- 01
Go to the official NPS website or visit a Point of Presence (POP) like a bank for a new NPS Account opening.
- 02
Select the type of pension account between Tier I and Tier II and create an NPS account. Note that a Tier I account is mandatory for opening an NPS account.
- 03
There are 10 Pension Fund Managers (PFM) listed under the NPS; choose the preferred one.
- 04
You can choose between two modes - Auto and Active. If you opt for Auto Choice, your portfolio will be adjusted based on the current trends, and if you go for Active Choice, you can choose the assets yourself.
- 05
Fill out the online registration form by entering your personal details, contact information, and nominee details.
- 06
Provide Know Your Customer (KYC) documents, which include identity proof, address proof, a photograph, etc.
- 07
Deposit the first pension contribution amount as specified by the chosen type of account. For example, the minimum contribution for a Tier I account is ₹250.
- 08
After you submit your details successfully, you will receive a Permanent Retirement Account Number (PRAN), which is required for future reference.
Registering via Axis Bank NPS portal
You can also create an NPS account through the Axis Bank website by following these simple steps:
- 01
Visit Axis Bank’s official website.
- 02
Navigate to the "National Pension System" page, available under the "Explore Products" dropdown menu.
- 03
Click on "Apply Now" and accept the terms and conditions. You will then be redirected to a third-party website to complete the registration process.
- 04
Carefully read the instructions and complete the registration using your preferred method:
- Aadhaar e-KYC
- CKYC
- DigiLocker
By following these steps, you can easily create your NPS account through Axis Bank’s platform.
Fees and charges of NPS
Axis Bank’s NPS platform provides precise details of applicable fees, including charges for account opening, management, and other administrative services. These fees are designed to be minimal, ensuring that your retirement savings grow efficiently over time.
Axis Bank’s NPS platform provides precise details of applicable fees, including charges for account opening, management, and other administrative services. These fees are designed to be minimal, ensuring that your retirement savings grow efficiently over time.
Smart investment option for a secured future
CAMS (Computer Age Management Services Ltd)
KFintech (Kfin Technologies Ltd)
NSDL (Protean eGov Technologies Ltd)
NPS Vatsalya Scheme
The NPS Vatsalya scheme, introduced in the Union Budget 2024, is a government-backed initiative under the National Pension System aimed at securing the financial future of minors. It allows parents or legal guardians to invest in a pension account on behalf of a child below the age of 18, promoting long-term savings and early financial planning.
Key Features
About MSF
The Axis NPS Golden Years Fund Growth offers an opportunity to deploy up to 100% in equity within Tier - I of NPS, complemented by fixed income and alternative asset allocations based on market conditions. It is suitable for investors with a high-risk appetite who seek long-term capital appreciation through equity-oriented investments, aiming to generate growth while managing risks for a confident retirement.
Swasthya Top-up Plus Fund
First time ever NPS + Health + Super Top-up combo
The Axis NPS Swasthya Top-up Plus Fund is a comprehensive solution designed to seamlessly integrate long-term retirement savings with essential healthcare protection. This innovative offering combines the disciplined wealth creation of NPS with medical benefits and a Super Top-up insurance cover, ensuring enhanced financial security against rising healthcare costs delivering a holistic approach to financial well-being and protection.
Why choose Axis NPS Swasthya Top-up Plus Fund
Who Should Invest
- Indian citizens looking to manage healthcare expenses alongside retirement savings.
- Individuals aged 18 to 84 years (mandatory exit at 85 years).
Fund Investment Strategy
| Equity | 25-50% |
| Debt (Corporate Bonds / Government Securities) | 50% - 75% |
| Money market instruments | Up to 10% |
| Risk level | Moderate to High |
| Investment universe | as prescribed by PFRDA |
| Risk level | Moderately High |
Flexibility with Structured Access
- Launched under the Multiple Scheme Framework with a minimum vesting period of 15 years
- Flexible exit options, available after 15 years (for retail subscribers), at age 60, or on retirement, whichever is earlier
- Exit and withdrawals governed by PFRDA regulations, ensuring transparency and compliance
- Account closure upon full withdrawal
- Access your Swasthya corpus when needed.
Exclusive Medi Assist Benefits
| Diagnostics | Up to 25% off at 10,000+ centres |
| Consultations | 1 lakh+ doctors, 50+ cities + Rs1,000 MediBuddy Gold benefit |
| Pharmacy | 5–18% off + free delivery above Rs 499 |
| Vision & Dental | Up to 50% off (vision), 10% off (dental) |
| Second Opinion | Rs 1,000 benefit + concierge support |
| Care Programs | Maternity & chronic care discounts |
| Hospital Network | 15,500+ hospitals, 1,264 cities |
| Hospital Bills | 5–25% discount + packaged pricing |
| Claims | Digital processing + zero wait discharge |
Downloads and Circulars
Axis Bank has designated branches for NPS. You can visit your nearest Axis Bank branch with all the required documents and fill out the national pension system application form. You can download NPS application form below:
Disclaimer
Disclaimer
Disclaimer
Disclaimer
Disclaimer
Disclaimer
Disclaimer
Disclaimer
Disclaimer
Disclaimer
Disclaimer
Disclaimer
Disclaimer
Frequently Asked Questions
The NPS pension plan is a pension reform tool designed to enable every citizen of this country to invest for their retirement and enjoy the benefits at pension maturity. It is a government scheme which offers different models and types of investments for anyone between 18 and 85 years of age.
The wealth you accumulate depends on your contribution, asset allocation, and market performance. Regular contributions and a long-term approach can help build substantial wealth
NPS offers higher returns than PPF, particularly with equity exposure, making it a more attractive option for those seeking higher growth. PPF offers fixed returns but with lower risk.
NPS is not entirely risk-free, as it involves market-related risks, especially if you opt for equity investments. However, it is considered less risky than other market-linked investment products due to its diversified options
NPS returns depend on your chosen investment options and the market conditions. Historically, NPS offers returns ranging from 9% to 12% annually.
The best type of NPS depends on your risk appetite. For those with a higher risk tolerance, Active Choice may be the ideal option, while those seeking a more conservative approach can choose Auto Choice.
Any citizen in the age group of 18-85 years (as on the date of submission of his / her application to the POP-SP) can join NPS except for the government subscribers who are mandatorily covered under NPS
Yes, a subscriber can open more than one NPS account with different CRAs. However, only one NPS account can be opened under one CRA.
There is no restriction in terms of frequency of contribution. Subscriber has the option to make the contribution in any mode – monthly, quarterly, half yearly or yearly. Also, Subscriber can make ad–hoc contribution as well.
Yes, NPS offers this flexibility. Subscribers are allowed to alter the contribution amount as per the suitability.
Under NPS account there are two types of accounts - Tier I & Tier II
- Tier I account - It is mandatory account. The applicant shall contribute his/her savings for retirement into this conditional & restricted withdrawable account. Tax benefits can be claimed against the contributions made in Tier I account
- Tier II account - This is voluntary savings facility. The applicant will be free to withdraw his/her savings from this account. This is not a retirement account and applicant can’t claim any tax benefits against contributions to this accounts
Yes, subsciber can switch the asset allocation pattern under Active Choice twice in a financial year.
Yes, subsciber gets this flexibility. This can be done twice in a financial year
Yes, subscriber on completion of 3 years in NPS is permitted to partially withdraw from his/her account subject to maximum of 25% of the contributions made by the subscriber for the following purposes:
- For higher education of his/her children
- For marriage of his/her children
- For purchase or construction of residential house or flat
- For treatment of specified illnesses
There is a provision of withdrawal in case of early withdrawal
No , a subsciber cannot change the annuity service provider.
No, there is no provision for loans, advances, or marking a lien under the National Pension System (NPS)
Employee can shift the corpus to new employer with same PRAN a/c if the new employer is already a registered entity under NPS. But if not, then employee can continue the PRAN a/c under All Citizen Model
In case of unfortunate event, the nominee will receive 100% of the NPS pension wealth in lump sum.
No, NPS account can be opened only in individual capacity and cannot be opened or operated jointly or for and on behalf of HUF
Subscriber is allowed to register up to three nominees in NPS. Yes, minor can be a nominee
| Particulars | Now (17th December 2025 onwards) |
|---|---|
| Entry age limit | Up to 85 years of age |
| Exit age limit | Up to 85 years of age |
| No of partial withdrawals allowed till 60 years of age | Up to 4 times |
| No of partial withdrawals allowed after 60 years of age | Up to 3 times |
| Partial withdrawal condition | Before attaining 60 years of age, withdrawal is allowed after an interval of 4 years. After attaining 60 years of age, partial withdrawal is allowed after an interval of 3 years |
| Pre – mature exit timeline | Any time after joining NPS |
| 100% withdrawal limit in case of pre – mature exit | Corpus is less than or equal to Rs. 5.0 lakh |
| Normal exit timeline for Retail Subscriber | After 15 years of joining NPS or on attainment of 60 years of age, whichever comes first |
| 100% withdrawal limit in case of normal exit | Corpus is less than or equal to Rs. 8.0 lakh |
| Maximum limit of lump sum withdrawal | 80% of Corpus |
| Option of SLW / SUR for withdrawal of excess amount | Available |
| Loan facility | Available |
| Deferment of Annuity option on normal exit | Up to 85 years of age |
| Option for nominee to receive periodic payout in terms of SLW / SUR in case of death of the Subscriber | Available |
| Exit guidelines for Physically incapacitated / bodily disability case (>75%) | Normal exit provisions would apply |
| Limit of 100% withdrawal if the Subscriber joins NPS after 60 years of age | Corpus is less than or equal to Rs. 12 lakh. |
| If the subscriber ceases to be a citizen of India | 100% of Corpus can be withdrawn by the Subscriber |
Customer can initiate the NPS Exit / Withdrawal request by logging into the respective CRA Portal (KFintech / Protean/CAMS) and selecting the Exit / Withdrawal / Account Closure option. Once the request is submitted, the NPS Cell (Bank Operation team) will verify and authorize the request. Post successful authorization, the withdrawal will be processed as per NPS exit guidelines.
CRA Portal Links:
- KFintech : https://nps.kfintech.in/login/login/
- Protean: https://cra.nps-proteantech.in/CRAOnline/findPran.html?ID=-742297434&getName=Know%20Your%20PRAN
- CAMS: https://app.camsnps.in/CRA/auth/subscriber-portal/login?source=SUBSCRIBERPORTAL
Customer can shift their POP by logging into their respective CRA Portal using PRAN and Password / OTP. After login, customer needs to go to Service Requests → Subscriber Shifting → POP Shifting section and select POP Shift as the request type. Customer can then view the existing POP details, choose the new POP (Axis Bank) from the list, authenticate the request through OTP, and submit it for processing.
For NPS accounts opened onine from Axis Bank portal Contribution is credited in PRANs on Transaction day + 2 days (T+2) basis (subject to receipt of clear funds from Payment Gateway Service Provider).
The Office of Ombudsman
Pension Fund Regulatory and Development Authority,
Tower E, 5th Floor, E-500, World Trade Center
Nauroji Nagar, New Delhi - 110029
Phone No.: 011-4071 7900
Email id: ombudsman@pfrda.org.in
The NPS is regulated by the Pension Fund Regulatory and Development Authority (PFRDA), ensuring that the system remains secure, transparent, and aligned with the interests of investors.
Yes, NRIs are eligible to invest in NPS. They are entitled to the same tax benefits as Indian residents, provided they comply with specific guidelines for foreign investments.
If the claim is admissible under policy terms, the customer can continue coverage by renewing the policy. Claims for subsequent hospitalizations, whether in the same or future years, will be handled as per policy conditions at the time of renewal.
In cases where a customer enrolls at age 65 and wants visibility on future premiums:
- Premiums for higher age slabs (66–85 years) are not fixed upfront
- They are determined at the time of policy renewal under the Master Policy Holder
- (MPH)
- Applicable rates will depend on prevailing terms at renewal
When a subscriber opens a Swasthya account, they pay:
- ₹250 towards the Common NPS account opening, and
- ₹25,000 towards the Swasthya account investment.
Once the Swasthya amount is credited into the NPS account, the insurance premium is debited from the Swasthya investment amount.
For example, if a subscriber opts for a ₹30 lakh sum assured and their age is between 18–60 years, the insurance premium would be approximately ₹2,649, which will be deducted from the ₹25,000 investment amount.
Premium debit can happen provided there is sufficient balance available in the Swasthya account. As per PFRDA guidelines, such withdrawal is allowed up to 25% of the subscriber’s own contribution.
For example:
25% of ₹25,000 equals ₹6,250.If the premium amount is ₹2,649, then the next year’s premium can be adjusted from the available balance.
However, if the premium amount is higher (for example, approximately ₹6,000 for subscribers above 60 years), then while one year may get covered, the subscriber may need to make an additional contribution subsequently.
PFRDA exit regulations apply for any exit/discontinuation. The process is similar to the standard NPS account exit process. The plan can be discontinued after 15 years.
Yes, an existing NPS account holder can also opt for the Swasthya Scheme. However, the existing NPS account must be held with CAMS, as the Swasthya account is opened only through CAMS.
NPS Swasthya is an individual-based product and not a family plan. Each family member can open their own individual NPS account.
Yes, Partial withdrawal is allowed:
- After completion of 3 years
- Up to 25% of contribution
- For specified reasons such as education, illness, disability etc.
- Maximum 2 withdrawals before age 18
On exit:
- If corpus is less than ₹8 lakh → full withdrawal allowed
- If corpus is ₹8 lakh or more → up to 80% can be withdrawn and remaining amount is used for annuity purchase
Yes. A unique Permanent Retirement Account Number (PRAN) is generated for the minor subscriber under NPS.
The account remains in the name of the child. A new guardian can be registered as per applicable process.
The corpus will be handled as per NPS exit and nominee/legal heir rules.
Got a query?
Learning Hub
Look through our knowledge section for helpful blogs and articles.
IPO oversubscription
Understand IPO oversubscription and its effect on your investments.
Cut-off Price in IPO
Know what is at the cut-off price in IPO to improve share allotment chances.
Copyright@ 2026 Axis Bank