National Pension Scheme
Secure Your Future. Build Your Pension Today.
A small contribution today can create a reliable source of income for your retirement years.
Whether you are a farmer, FPO member, rural entrepreneur, self-employed professional or salaried individual, NPS helps you build a retirement corpus and receive a pension after retirement.
Ready to Start Your Pension Journey?
Become an NPS Subscriber Today
About NPS
What is NPS?
The National Pension System (NPS) is a retirement savings scheme regulated by the Pension Fund Regulatory and Development Authority (PFRDA). It enables individuals to build a retirement corpus during their working years and receive pension benefits after retirement.
NPS is designed for every Indian citizen, including farmers, FPO members, rural workers, self-employed professionals, and salaried individuals.
Why join NPS?
Life after retirement requires financial planning. NPS helps you create a dedicated retirement fund that can support you and your family during your later years.
Benefits for Farmers:
- Government Regulated
- Tax Benefits
- Long-Term Wealth Creation
- Flexible Contributions
- Regular Pension Income
NABKISAN as Point of Presence (POP)
NABKISAN Finance Limited is registered as a Point of Presence (PoP) under PFRDA, enabling it to provide NPS services across rural and semi-urban India.
We Help You:
- Open a new NPS account
- Generate your PRAN
- Make contributions online
- Update subscriber details
- Process withdrawals and exits
- Resolve service requests and grievances
Do You Want to Become an NPS Subscriber?
Join the National Pension System through NABKISAN and start building your retirement security today.
Why Enrol Through NABKISAN?
- Easy onboarding
- Assistance through FPOs and local representatives
- Support throughout your NPS journey
- Dedicated customer assistance
Open NPS Account Now (opens in a new tab)
Documents Required
Identity Proof (any ONE of the following)
- Aadhaar Card
- Passport
- Driving Licence
- Voter’s Identity Card (Election Commission)
- NREGA Job Card (State Govt. signed)
Additional Documents
- PAN Card
- Bank passbook (for bank account proof)
- Recent photograph
- Mobile number linked to Aadhaar
How to join NPS
Start Your NPS Journey with a Minimum Contribution of Just ₹250
Charge Structure & Minimum Requirements Updated
| Service | Amount |
|---|---|
| Minimum Initial Contribution | ₹250 |
| One-Time Account Opening / Onboarding Charge | ₹200 |
| Minimum Subsequent Contribution | ₹10 |
Open NPS Account
Start Your Retirement Journey Today
Open your NPS account online in a few simple steps.
Pension Agents
Want to join as Pension Agent
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NABKISAN Pension Agents assist subscribers in:
- New account opening
- Subscriber registration
- Contribution support
- KYC documentation
- NPS awareness
Pension Agent Directory
Nodal Officer
Smt. Usha Mahesh
Chief Operating Officer
Phone: 022-26539620
Withdrawal, Exit Rules and Partial Withdrawal
Normal Exit (after 15 years in NPS, OR age 60)
| Corpus Size | Rule |
|---|---|
| Up to ₹8 lakh | 100% lump sum — no annuity required at all |
| ₹8 lakh – ₹12 lakh | Withdraw up to ₹6 lakh as lump sum; balance via annuity or Systematic Unit Redemption (SUR) over min. 6 years |
| Above ₹12 lakh | Minimum 20% must go to annuity; remaining up to 80% as lump sum, SLW, or SUR |
Premature Exit (before 15 years AND before age 60, AND not retired)
| Corpus Size | Rule |
|---|---|
| Up to ₹5 lakh | 100% lump sum allowed |
| Above ₹5 lakh | Minimum 80% must go to annuity; only 20% as lump sum |
Other Key Points
- Subscribers can stay invested and defer exit up to age 85 (extended from the earlier 75).
- Those who join NPS after age 60 (new entrants) also get relief: if corpus ≤ ₹12 lakh, full lump sum is allowed; otherwise min. 20% goes to annuity.
- If the subscriber dies at any point before the exit date, the entire corpus goes to the nominee/legal heir, regardless of their age at the time of death
Partial Withdrawal Rules
- Subscriber must have been in NPS for at least 3 years before the first partial withdrawal.
- Up to 4 partial withdrawals before retirement.
- Maximum 25% of self-contribution each time.
- Minimum gap of 4 years between withdrawals.
Permitted Reasons for Partial Withdrawal
- Higher education
- Medical treatment
- House purchase / construction
- Disability-related expenses
- Settling an existing loan that has a lien/charge marked on the NPS account
Frequently Asked Questions (FAQs)
1. Is NPS safe? What if I lose my money?
Yes, NPS is regulated by PFRDA, a Government of India authority. It is as safe as keeping money in a bank. Returns are market-linked, so they are not fixed, but historically NPS has performed better than fixed deposits over the long term.
2. What is the minimum amount I need to start?
Just ₹250 to open an account. After that, you can contribute any amount, anytime — even ₹10 per transaction.
3. Do I have to pay every month?
No. There is no fixed monthly requirement. Contribute whenever you can, based on your income and farming season.
4. Can I withdraw my money before I turn 60?
Yes, in specific situations — after 3 years, you can withdraw a portion for education, marriage, house purchase, or medical needs. Full exit before 60 is also possible after 15 years in NPS, though a larger share must go toward a monthly pension.
5. What happens to my money if I die?
The entire amount goes directly to your nominee or family. There is no cash restriction or complicated process if a nominee is registered.
6. Do I need to visit a bank or office to join?
No. Your NABKISAN representative or Pension Agent (FPO) will complete the entire process for you, including paperwork and verification.
7. What documents do I need?
One identity proof document, plus PAN card, bank passbook, photo, and an Aadhaar-linked mobile number.
8. Is this only for salaried or government employees?
No. NPS is open to every Indian citizen aged 18 to 85, including farmers, FPO members, and self-employed individuals.
9. Who do I contact if I have a problem with my account?
Any issue with the NPS account can be raised with the FPO or NABKISAN, and NABKISAN resolves it directly.
10. What if I miss a year without contributing?
Your account won’t be closed. From the second year onward, if the minimum yearly contribution isn’t made, the account is temporarily “frozen” — not lost. To reactivate it, you simply pay the minimum contributions to your account (presently ₹10 per year).
11. Can I have more than one NPS account?
No. You get one PRAN (Permanent Retirement Account Number) for life. It stays with you even if you move villages, change banks, or switch representatives — never open a second account.
12. Can I open a Tier II account without a Tier I account?
No. Tier I must be opened first. Tier II is an optional add-on that can only exist alongside an active Tier I account.
13. Can I choose more than one nominee?
Yes. You can name multiple nominees and decide what percentage of your money each should receive — the total must add up to 100%. You can change your nomination anytime.
14. What is an “annuity” exactly?
It’s simply the monthly pension itself — a fixed payment made to you at regular intervals (usually monthly) after you exit NPS, funded by the portion of your savings used to purchase it.
15. What if I become physically unable to continue farming or working?
If you’re certified with a disability of 75% or more by a government doctor, you’re allowed to exit NPS early under the same terms as a normal 60-year exit — with more favorable withdrawal terms than a regular early exit.
Grievance Redressal
Customer service and subscriber satisfaction remain our priority.
What Would You Like to Do?
New Subscriber?
Existing Subscriber?
Systematic Contributions
Pension Agent Login
Need Assistance?
Contact Details
| Field | Detail |
|---|---|
| Registered Office | Ground Floor, NABARD Tamil Nadu Regional Office, Building No. 48, Mahatma Gandhi Road, Nungambakkam, Chennai – 600034 |
| Correspondence Address | NABARD Head Office, Ground Floor, D-Wing, Bandra Kurla Complex, Bandra (East), Mumbai – 400 051 |
| corporate@nabkisan.org | |
| SPOC Name | Shri. Jitesh Gawade |
| Designation | Assistant Manager |
| Office Contact Number | 022-26539620 |
| Working Hours | 9:00 AM to 5:00 PM (Monday to Friday) |
Start Planning for Tomorrow, Today.
A pension is one of the most important financial investments you can make for your future.
Join NPS through NABKISAN and take the first step towards a secure retirement.
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