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New Pension System   Benefits   How does it work?
New Pension System
NPS, regulated by PFRDA, is an important milestone in the development of a sustainable and efficient voluntary defined contribution pension system in India.

It has the following broad objectives:
  • To provide old age income
  • Reasonable market based returns over the long term
  • Extending old age security coverage to all citizens
Elite Wealth Advisors Ltd as a Point of Presence (POPs) for the National Pension System shall be the first point of interaction between the voluntary subscriber (Investor) and the NPS architecture.
About New Pension System (NPS):
Government of India has introduced New Pension System (NPS) with an aim to provide old-age security coverage and pension for all citizens of India. The scheme provides investors an option to avail reasonable market based returns over long term. Periodic contributions will get invested through Pension Fund Regulatory and Development Authority (PFRDA) appointed Pension Fund Managers (PFMs) in a combination of investment avenues as per the choice of investor.
Eligibility Criteria for Subscriber
A citizen of India, whether resident or non – resident can join NPS subject to the following conditions:
  • Subscriber should be between 18-55 years of age as on the date of submission of his / her application.
  • Subscriber should comply with the prescribed Know Your Customer (KYC) norms as detailed in the Subscriber Registration Form.
Pre – existing account holders under NPS cannot join again as existing account is portable across geographies and employers. Entity may regulate within these norms but shall not breach these norms.
For further details regarding New Pension System, please write us at marcom@elitewealth.in or call at +91-11-42445800.
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