The
government recently changed income tax laws to make NPS or National
Pension Scheme more attractive. On retirement or reaching the age of 60,
an NPS subscriber can withdraw 60% of the corpus and it will be exempt
from
income tax, as compared to the 40% limit earlier. Contribution
towards your NPS account can be made both online or offline. If you are
making the contribution online, you have the option of making the
payment through credit cards. But do note the charges. NPS also allows
you to make contribution through other modes like debit cards and
internet banking.Contributions into NPS account are credited two days after making payments online
To make NPS contribution through credit card or other modes, log into your NPS account by entering user id and password.
Then select the ‘Transact Online’ tab and then select ‘Contribute Online’.
Subscribers can opt to contribute through eNPS. They will be redirected in a new tab to eNPS website for making online contribution. (Subscribers can also go directly to the eNPS website if you wish to.)
Then subscribers will be asked to verify/enter their PRAN (Permanent Retirement Account Number) and an OTP will be sent to the subscribers through email/SMS.
Also note that POP (or point-of-presence service provider) trail commission will be applicable on the contribution amount @ 0.10% (subject to minimum of ₹10 and maximum of ₹10,000 per transaction). This charge will not be applicable for subscribers registered in eNPS through Aadhaar, says eNPS website.
Contributions are credited into NPS accounts on T+2 basis or trade date plus two days.
NPS contribution through app
NPS subscribers also have the option of making contribution online through NPS apps. The NPS app gives subscribers an option to directly make contribution without logging in by entering their PRAN.
Every year, an NPS subscriber has to contribute a minimum of ₹1,000 towards Tier I account.
Source: livemint