The ICICI Bank National Pension Scheme (NPS) is a government-backed retirement savings scheme designed to provide financial security during post-retirement years. It allows individuals to invest systematically and accumulate a substantial corpus while also enjoying tax benefits. ICICI Bank facilitates the opening and management of NPS accounts for individuals looking for long-term investments in pension funds.
NPS is a voluntary, long-term investment scheme regulated by the Pension Fund Regulatory and Development Authority (PFRDA). It is open to all Indian citizens, including salaried and self-employed individuals, to create a retirement fund through systematic investments.
ICICI Bank is a registered Point of Presence (PoP) for NPS, allowing individuals to open, manage, and contribute to their NPS accounts through online and offline modes. The scheme provides two types of accounts:
You may also want to know VPF Rules
You may also want to know the SCSS Rules
The ICICI Bank National Pension Scheme is an excellent retirement savings scheme for individuals seeking long-term financial stability. With tax benefits, flexible investment options, and an easy account opening process, it serves as an effective tool for securing post-retirement financial independence. By investing in ICICI NPS, individuals can build a stable pension fund while enjoying various tax advantages.
If you are looking for a secure and structured retirement plan, opening a National Pension Scheme account with ICICI Bank is a reliable and beneficial option.
Calculate your pension here at NPS Calculator
Anyone between 18 to 70 years of age, including salaried and self-employed individuals.
You can track it online using your PRAN number on the NSDL-CRA website.
Partial withdrawal is allowed under specific conditions like higher education, marriage, or medical emergencies.</p>
Visit an ICICI Bank branch, submit the NPS registration form, KYC documents, and make the minimum deposit.
Yes, NPS subscribers can change their investment allocation once a year.
Your NPS account remains active and portable, and you can continue contributing regardless of employer changes.</span>
Only 60% of the corpus is tax-free; the remaining 40% must be used to purchase an annuity, which is taxable.
Get the link to download the App
