National Pension System (NPS) is a defined contribution based pension system, regulated by PFRDA and promoted by Government of India.

It is for any one who wants to plan for their retirement with a low-risk appetite. A regular pension (income) in the retirement years will be a boon, especially for those individuals who retire from private sector jobs.

It offers following tax benefits:

• Income Tax benefit u/s 80(c), upto Rs.1.50 lakh
• Further tax benefit u/s 80CCD(1B) upto Rs.50,000/-
• All benefits at all level are tax free.

Union Bank of India in association with NSDL is offering ONLINE facility for opening and making subsequent contributions towards NPS. Customers, who are having a valid Bank account with Internet Banking facility in any bank can open the NPS account or make further contribution using our banking channel.

• Information on NPS Scheme Please click here
• Opening of Individual Pension Account under NPS (only Tier I / Tier I & Tier II) by All Indian Citizens (including NRIs) between 18 - 65 years

  For Registration , Please click here

• Making initial and subsequent contribution to your Tier I as well as Tier II account

  For Subscriber Services - Contribution , Please click here