Retail NPS.
Your own retirement account, entirely on your terms.
Two accounts, one purpose: a corpus that outlasts your last paycheck.
Every Retail NPS subscriber opens a primary Tier 1 retirement account, and can add an options Tier 2 account alongside it. You pick a pension fund manager and decide how your contributions - or let it adjust automatically with your age.
Carries the tax benefits and stays invested until 60, with limited partial withdrawals for big life needs.
An optional savings account with no lock-in - put money in and take it out anytime. No extra tax benefit for most subscribers.
Six reasons Retail NPS does the heavy lifting.
Section 80CCD(1B) gives you a deduction over and above the ₹1.5 lakh 80C limit - a tax break that exists in no other investment product.
Choose Active mode to set your own split across equity, corporate bonds and government securities, or Auto mode to let it de-risk automatically as you age.
If you can tick these four, you're in.
No employer, broker or minimum income required — Retail NPS is open to almost every adult Indian.
Open to residents and NRIs alike.
You can join any time within this band — the earlier the better for compounding.
A valid PAN and Aadhaar (or accepted documents) are all you need to verify identity.
₹500 makes a contribution; keeping a minimum of ₹1,000 a year keeps your Tier I account active.
How to open a Retail NPS account on niji.money
Seven steps, entirely online. Most people finish in under ten minutes.
Provide your KYC details and verify instantly using CKYC or DigiLocker. No paperwork, no branch visit.
Pick Tier I for the tax-benefited retirement account, or add Tier II for savings you can withdraw any time.
Compare PFRDA-approved managers - ICICI Pension Fund, HDFC, SBI and more - and pick one. You can switch later.
Choose Auto Choice, Active Choice or the Multiple Scheme Framework. Under Auto Choice, pick the lifecycle fund that matches your risk appetite.
Choose monthly or yearly contributions and enter the amount. Start from ₹500 and step it up whenever you like.
Check every detail on one summary screen, then complete the payment through UPI, netbanking or card.
Your PRAN is issued right away. From here, track contributions and watch your corpus grow.