National Pension System (NPS) Payment

Contributing towards NPS can be difficult through traditional channels. Paisabazaar now helps you to contribute towards the mandatory and optional NPS Tier I and Tier II contributions online in as little as a couple of minutes in just a few steps. To top it all, you get assured benefits every time you make a contribution through Paisabazaar.

The National Payment System is a retirement-ready investment plan that allows investors to save while earning and invest for their retirement. It allows investors to gain market-linked higher returns and also claim tax benefits at the same time.

Investors get two options to invest in NPS - Tier I and Tier II. While Tier I is mandatory, Tier II is optional for investors. NPS investments can be withdrawn on attaining the age of 60 years or after the completion of at least 5 years.

In NPS Tier I, investors have to make a contribution of at least Rs. 1,000 every year whereas the investor is not restricted to make any minimum contribution towards NPS Tier II.

• Instantaneous Account Opening - The NPS account can be opened instantly and KYC can be performed online.
• Large Corpus Accumulation - A small contribution every year can help accumulate a huge corpus over time and get high returns on retirement.
• Additional Tax Savings - Apart from deductions under Section 80C up to Rs. 1.5 lakh, investors can claim deduction for an additional amount of Rs. 50,000.
• Investment Flexibility - investors can choose the type of investment product where their NPS contribution is invested as per their risk appetite

• No platform fee charged for any investment/recharge/bill payment through the Paisabazaar’s platform.
• Assured benefits on every contribution made on the platform.
• Payments are secured by bank-grade encryption making all transactions safe.
• Multiple options for payments including UPI, netbanking, debit card, etc.
• Payment reflects into the account instantly.