The National Pension System (NPS) Lite is a pension scheme designed to provide financial security to economically weaker sections of society. It operates under the Pension Fund Regulatory and Development Authority (PFRDA) and aims to ensure social security through organized retirement savings. The NPS Lite Aggregators List includes institutions authorized to facilitate and manage NPS Lite accounts for subscribers.
NPS Lite is a simplified version of the National Pension System (NPS), tailored for individuals with low-income backgrounds. It allows them to accumulate savings for their retirement through small, systematic contributions.
| Feature | NPS | NPS Lite |
| Eligibility | Open to all Indian citizens | Targeted at low-income groups |
| Minimum Contribution | ₹500 per contribution | ₹100 per contribution |
| Flexibility | Higher investment options | Limited investment choices |
| Management | Managed by PFRDA | Managed by aggregators |
| Subscriber Type | Individuals and corporate employees | Unorganized sector workers |
Aggregators are the backbone of the NPS Lite scheme. Their primary responsibilities include:
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PFRDA has authorized multiple aggregators to manage the NPS Lite subscriber accounts. Some of the key aggregators include:
Individuals looking to subscribe to the NPS Lite scheme can follow these steps:
NPS Lite subscribers enjoy tax benefits under Section 80CCD of the Income Tax Act, 1961:
Subscribers can contact the NPS Lite helpline for assistance:
The NPS Lite Aggregators List comprises institutions that play a vital role in extending retirement benefits to financially weaker sections. The scheme offers an affordable and secure way to save for post-retirement life. With simplified investment processes, tax benefits, and government regulation under PFRDA, NPS Lite is a crucial financial tool for the unorganized sector. By choosing a trusted aggregator, individuals can ensure a safe, systematic, and rewarding pension investment plan.
NPS Lite is a government-backed pension scheme designed for low-income groups to provide financial security after retirement.
NPS Lite has lower contribution requirements, limited investment options, and is managed by aggregators rather than PFRDA directly.
You can open an NPS Lite account by visiting an authorized aggregator, submitting required documents, and making an initial deposit.
The minimum contribution for NPS Lite is ₹100 per installment.
Yes, eligible subscribers can migrate to the standard NPS scheme for better investment options and benefits.
Yes, tax benefits are available under Section 80CCD of the Income Tax Act for self and employer contributions.
The official PFRDA toll-free number is 1800-110-708, and you can also reach out to your aggregator’s customer service.
Basic KYC documents, including identity proof, address proof, and a passport-size photograph, are required.
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