NPS Product Features: No. Particulars Information 1 Eligibility Criteria for Subscriber Subscriber should be between 18 to 60 years of age. 2 Eligible Customers Citizens of India. Note: NRI can open NPS accounts provided they should have Indian communication address and their Bank account branch to be in India. 3 Types of NPS Models NPS Model Offered by ICICI Securities Limited UOS NPS Model (All Citizens of India) Yes (Currently, not offering NPS accounts to NRI). Corporate NPS Model 3 Types of NPS Accounts 1) NPS Tier I Account 2) NPS Tier II Account Yes 4 Salient Features: Note: 1) ICICI Securities Limited is offering online NPS accounts to its existing customers. The customer who have open NPS Tier I or Integrated NPS Tier I & NPS Tier II account are required to submit physical Subscriber Registration Form along with the requisite KYC documents by next month (approx 30 days) to I-Sec Corporate Office else CRA shall mark such accounts as dormant / freezed. 2) For removing dormancy of NPS account, the subscriber will have to submit the Subscriber Registration Form along with requisite KYC documents. 3) On submission of the Subscriber Registration to CRA, CRA shall be issuing PRAN Card to the subscriber. I) Account Opening NPS Tier I Account NPS Tier II Account a) Opening of NPS account Mandatory 1) Mandatory Condition: Active NPS Tier I account. 2) NPS Tier II account can be open along with opening of NPS Tier I account or at any time later by submission of requisite form. b) Withdrawal Facility Non Withdrawal Account (Please refer to withdrawal guidelines). Withdrawal Account. (NPS account holders can withdraw any time) c) Minimum Contribution at the time of Opening NPS Account d) Minimum Annual Contribution Amount e) Minimum Number of Contributions in a financial year Rs. 500/- Rs. 1,000/- Rs. 1,000/- (applicable from second financial year). Not applicable 1 (One) Not applicable
f) Minimum amount per contribution Rs. 500/- Rs. 250/- g) Tax benefit Applicable Not applicable h) SIP facility Yes. I-Sec is offering SIP facility. i) Selection of Scheme Preference Change Subscriber can select same or different Pension Fund Manager, Investment Option, Asset Allocation%, Nominee for NPS Tier I & NPS Tier II accounts. i) Pension Fund Manager ii) Investment Option (Active / Auto) iii) Choice of scheme under Active & Auto option Note: Scheme preference change (i.e. Pension Fund Manager, Investment Option, Asset Allocation%) is permitted only once in a financial year. Choice to select any one Pension Fund Manager. Choice to select any one Investment Option. Note: If Active Investment option is selected them Asset Allocation% shall have to be filled-in. Active option : 1) Class "E" (Equity): Allocation maximum up to 50%. 2) Class "C" (Investment in fixed income instruments other than Government securities): Individual allocation cannot exceed more than 100%. 3) Class "G" (Investment in Government Securities): Individual allocation cannot exceed more than 100%. 4)Class A (Alternative investment funds) : Allocation maximum up to 5% Note: Total Aggregate allocation% amongst the aforesaid asset class shall be equal to 100%. Auto Option (You have choice to select any 1 of below mentioned life cycle): - Aggressive life cycle fund : (Maximum investment in equity is restricted to 75% ) - Moderate life cycle fund : (Maximum investment in equity is restricted to 50% ) - Conservative life cycle fund : Maximum investment in equity is restricted to 25% Note : Asset allocation between E, C, G depends on life cycle selected by subscriber Iv) Nominee(s) 1) Mandatory Registration. IMPORTANT NOTE: Please refer PFRDA guidelines on whom you can nominate to your NPS accounts and when the subscribers are required to register fresh nominee Please click the below mentioned link to know more. http://content.icicidirect.com/mailimages/note_on_nomination.pdf 2) Minimum 1 Nominee and Maximum up to 3 Nominees are allowed. 3) Same or Different Nominee(s) with same or different share% for NPS Tier I & NPS Tier II allowed. 4) NPS account Holders can change nominee(s) at any time by filling in the requisite form (UOS-S2) along with the required documents. j) KYC Documents required 1) Self certified photo copy of Proof of Identity (i.e. PAN (Mandatory), Aadhaar, Passport etc) 2) Proof of Address (i.e. Aadhaar, Passport etc) 3) Cancelled Cheque (Mandatory for NPS Tier II)
Standard Queries: 1. I have applied for PRAN card but still I have not received it. First check MY message (for 2-in-1 or 3-in-1 account holders) and if it states that the application is successfully sent to CRA in that case you shall receive the PRAN Card within 21 working days from the date the form is received by CRA. In case of any discrepancies mentioned, you are requested to submit the form again. 2. NPS account is under freezed/dormant status on account of non-submission of Subscriber registration form for issue of PRAN card Action by NPS subscriber : We request you to submit Subscriber registration form duly filled (in black ink) and sign after affixing your latest color photograph to I-Sec -Sales Operation team: Path : To avail form Login in I-Direct account---trade & Invest NPS Services Place Service request Request for PRAN card - Download form and duly filled form to be sent to below mentioned address by customer: ICICI Securities Ltd. Sales Operations Department Shree Sawan Knowledge Park Plot No. D-507,T.T.C.Ind.Area MIDC, Navi Mumbai -400705 3. I want to contribute lump sum towards NPS Path : Login in I-Direct account Trade & Invest---NPS---Transact---Place Contribution (Select account type. Also allocate funds for NPS- Allocation should consist of A+B+C A -Contribution amount Note : Tier 1 : Minimum amount per contribution is Rs.500/- Tier 2 : Minimum amount per contribution is Rs.250/- B- 0.25% *Contribution amount (minimum Rs. 20 & maximum Rs. 25,000) C- Service Tax & Swachh Bharat Cess & Krishi Kalyan Cess - i.e B* Service tax as applicable) 4. I want to place SIP order for NPS Path : Login in I-Direct account Trade & Invest---NPS---Transact---SIP (Note: In case of non ICICI bank account allocation of funds is required else SIP will be rejected) You will be able to place SIP order within 7 working days of PRAN generation 5. I want to view statement of transaction Path : Login in I-Direct account Trade & Invest---NPS---History---Statement of Transaction (Note : Date from has to be prior to the contribution made or prior to NPS Subscription date) 6. I want to submit tax statement to avail tax benefit Path : Login at ICICIdirect.com >> Trade & Invest >> NPS >> Holding & Services >> Tax Statement 7. I want to change my mobile number, telephone number, and /or email-id NPS account holder can do the same by visiting CRA website
Path : Login in https://cra-nsdl.com/cra/ ---Update details Update contact details Edit 8. I have forgot my password or not received I-Pin Action :Reset I-Pin Path : - Go to CRA website https://cra-nsdl.com/cra/forgotpassword.do?user=subscriber - Select Instant Reset I-PIN option - Enter all details on the page (PRAN, Subscriber Name, Subscriber's Father's Name, DOB, Email Address, Enter New Password, Confirm Password) - Click on generate OTP - Confirm OTP - Login to CRA site. 9. I want to stay invested and/or defer lump sum withdrawal/annuity Process for Deferment/stay invested: (At least 30 days before attainment of 60 yrs of age) 1. Login to CRA system https://cra-nsdl.com/cra/ 2. Click on the Initiate Deferment menu and Transaction Type for New Request. 3. You will have the option to opt for Deferred Lump-sum and/or Deferred Annuity. You are requested to tick the checkboxes provided for Deferred Lumpsum and/or Deferred Annuity. Further, you need to provide your mobile number. In this scenario you will not be able to contribute further in NPS. 4. You will also have the option to continue contribution in deferment period. For this, you need to tick the checkbox for I want to contribute in Deferment period. 5. If you opt for contribution in deferment period, then by default Deferred Lump-sum and Deferred Annuity will be ticked. 6. You will be provided acknowledgment number on successful submission of request. 7. Request letter along with screen shot/copy of the acknowledgement number to be sent at below mentioned address ICICI Securities Ltd, NPS Operations Dept, Shree Sawan Knowledge Park, Plot No. D-507, T.Ts Ind Area, M.I.D.C, Turbhe, Opp. Juinagar Railway Station, Navi Mumbai 400705 Note : For further contribution you are requested to adopt offline service Duly filled NCIS form, cheque in favour of ICICI Securities Ltd. NPS Pool, self-attested PRAN card copy to be sent at the address mentioned above. (Third party cheque will be rejected) NCIS form is available on ICICIdirect website Path : ICICIdirect website Customer Service---Important Information ---Download forms ---NPS---NPS Contribution Instruction Slip 10. I want to withdraw from NPS on attainment of 60 yrs of age
Process for withdrawal: (At least 30 days before attainment of 60 yrs of age) 1. Login in CRA site https://cra-nsdl.com/cra/ and fill up online withdrawal form. 2. Take the printout. 3. Affix latest color photograph and sign across the photograph 4. Pre-signed receipt (signature across on Re.1 Revenue stamp) acknowledging the receipt of proceed. 5. Signature needs to be done in front of I-Sec official. I-Sec official needs to declare it on the form by putting stamp & signing on the withdrawal form as stated in the form 6. Subscriber also have to obtain signature of the Authorised Signatory and affixation of Corporate Rubber stamp on the withdrawal form (if applicable) 7. Witness signature as mentioned in the form is also required. (Use of black ink only on the form) Documents to be submitted along with the form are mentioned below: 1. Original PRAN card 2. Cancelled cheque (as per the bank details filled up in withdrawal form) 3. Self attested age proof (as per details in withdrawal form)- Original & Signature Verification by ICICI Securities official is required 4. Self-attested address proof (as per details in withdrawal form)- Original & Signature Verification by ICICI Securities official is required 5. Self-attested identity proof (as per details in withdrawal form)- Original & Signature Verification by ICICI Securities official is required Duly filled form & documents to be sent at below mentioned address ICICI Securities Ltd, NPS Operations Dept, Shree Sawan Knowledge Park, Plot No. D-507, T.Ts Ind Area, M.I.D.C, Turbhe, Opp. Juinagar Railway Station, Navi Mumbai 400705 11. I want to know about withdrawal guidelines of NPS account: As per the PFRDA regulations the NPS account holder cannot withdraw from NPS Tier I account for 10 years from opening of the account. Post expiry of the initial lock in period of 10 years (also subject to eligibility criteria of obtaining Annuity by Annuity Service Providers), if the NPS account holder wants to withdraw from NPS Tier I account in that case the NPS account holder has to annuitise 80% of the accumulated pension wealth and the balance amount he / she can withdraw in lump sum only if he /she is fulfilling the age eligibility criteria of buying annuity scheme. Further, PFRDA has also allowed NPS account holder for permitted partially withdrawal from their NPS account holder post expiry of lock-in period. The same are stated in below: a) Higher Education of his or her children including a legally adopted child b) for marriage of his or her children, including a legally adopted child iii) for purchase or construction of a residential house or flat in his own name or in a joint name with his or her legally wedded spouse.
Note : Note: In case, the subscriber already owns either individually or in the joint name a residential house or flat, other than ancestral property, no withdrawal under these regulations shall be permitted iv) for treatment of specified illness - NPS account holder, his legally wedded spouse, children, including legally adopted child or dependent parents suffer from any specified illness, which shall comprise of hospitalization and treatment Note: PFRDA has stipulated 2 conditions for permitted partial withdrawals: i) Maximum 25% of the accumulated pension wealth at the time of making special withdrawal request ii) Maximum 3 times with a gap of 5 years between 2 special withdrawal requests. Note: The mandatory requirement of gap of 5 years between 2 special withdrawal request shall not apply in case of "treatment for specified illness or incase of withdrawal arising out of exit from National Pension System due to death of the NPS account holder For further details please go through PFRDA Exit & Withdrawal Regulations, 2015 All other NPS related forms are available on below mentioned path (i) (ii) www.icicidirect.com Customer service Overview---Important Information---Download forms NPS Or Login in I-Direct account Trade & Invest---NPS---Services---Forms For more queries: 1. Call up Customer care Path: To get access of customer care numbers www.icicidirect.com Customer service Contact us 2. Mail at npshelpdesk@icicisecurities.com 3. Go through the FAQs Path: Login in I-Direct account Trade & Invest---NPS---Services---FAQs Or Login in I-Direct account Trade & Invest---NPS---FAQs Or www.icicidirect.com Product & services---nps---faqs