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National Pension System

Home Schemes National Pension System

Backed by PFRDA

National Pension
System

Build a substantial retirement corpus with market-linked returns and unmatched tax benefits, facilitated by Meghalaya Rural Bank as your trusted Point of Presence.

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National Pension System

Why Choose NPS?

A transparent, low-cost, and flexible retirement planning tool designed for every Indian citizen.

Exclusive Tax Benefits

Get up to ₹1.5 Lakh deduction under Sec 80C, plus an exclusive additional deduction of ₹50,000 under Section 80CCD(1B).

Market Linked Returns

Harness the power of compounding. Allocate your funds across Equity (E), Corporate Bonds (C), and Govt Securities (G) based on your risk appetite.

Total Flexibility

Change your investment choices or fund managers if unsatisfied. You can also vary your contributions and financial frequency based on your schedule.

Backed by PFRDA

Historical Market
Performance

Unlike traditional fixed-return schemes, NPS allows your wealth to grow with the markets. Since its inception, NPS funds have delivered highly competitive inflation-beating returns over the long term.

Typical Historical Average Returns (10+ Years):
Finance
Equity (Class E)
~12% - 14% p.a.
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Corporate Debt (Class C)
~8% - 9% p.a.
Gov
Govt. Securities (Class G)
~7% - 8% p.a.
Info Past performance is not an indicator of future returns. NPS is subject to market risks.
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Registered Point of Presence (PoP)

Meghalaya Rural Bank acts as a fully registered Point of Presence (PoP) authorized by the Pension Fund Regulatory and Development Authority (PFRDA).

This means you can easily open your NPS account, make subsequent contributions, process withdrawals, and manage your retirement portfolio through our extensive branch network across Meghalaya. We are here to guide you every step of the way.

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We are here to guide you

Your trusted partner for banking assistance

Understand the Accounts

NPS offers two types of accounts. Tier I is mandatory for retirement planning, while Tier II is a voluntary savings account with high liquidity.

  • Tax Benefits: Eligible for tax deductions under Sec 80C & 80CCD(1B).

  • Withdrawal Rules: Restricted. Upon turning 60, up to 60% can be withdrawn tax-free, 40% mandatory for annuity.

  • Minimum Contribution: ₹500 for initial account opening; minimum ₹1,000 per financial year.

  • Tax Benefits: No tax benefits available, but offers completely flexible withdrawals.

  • Withdrawal Rules: Unrestricted. Can be withdrawn at any time without penalty or exit load.

  • Minimum Contribution: ₹1,000 for initial account opening; minimum ₹250 per contribution.

New Initiative

NPS Vatsalya (For Minors)

NPS Vatsalya helps parents build long-term retirement savings for their children through early investments and the power of compounding.

  • Minimum contribution of just ₹250 per year
  • Seamlessly converts to a regular NPS Tier I account upon turning 18
Open Vatsalya Account
NPS Vatsalya

Frequently Asked Questions

Any Indian citizen (resident or non-resident) between 18 and 70 years of age can voluntarily open an NPS account. For minors, parents or guardians can open the NPS Vatsalya account.

PRAN stands for Permanent Retirement Account Number. It is a unique 12-digit number provided to each subscriber under NPS, which remains portable across jobs and locations throughout your lifetime.

Yes, partial withdrawals are allowed under specific conditions such as higher education of children, marriage, purchase of a house, or medical emergencies. You can withdraw up to 25% of your own contributions after completing 3 years in the scheme.