Backed by PFRDA

National Pension Scheme
(NPS)

Secure your future with the world's lowest-cost pension scheme. Build a substantial retirement corpus with market-linked returns and unmatched tax benefits, facilitated by Meghalaya Rural Bank as your trusted Point of Presence.

Explore Tier I & II Register Now Contribute Now

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 choice or fund manager anytime. Contributions can be made anytime during the financial year without strict schedules.

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):

Equity (Class E) ~12% - 14% p.a.
Corporate Debt (Class C) ~8% - 9% p.a.
Govt. Securities (Class G) ~7% - 8% p.a.

*Past performance is not an indicator of future returns. NPS is subject to market risks.

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.

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.

Tier I Account

Mandatory Retirement Account

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 Upon turning 60, up to 60% can be withdrawn tax-free, 40% mandatory for annuity.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.

Tier II Account

Voluntary Savings Account

Pre-requisite You must have an active Tier I account to open a Tier II account.

Withdrawal Rules Complete flexibility. You can withdraw your funds anytime without restrictions.

Tax Benefits No tax benefits (unless you are a Govt. employee claiming under Sec 80C with a 3-year lock-in).

New Initiative

NPS Vatsalya (For Minors)

Start early to secure your child's future. NPS Vatsalya allows parents and guardians to open a pension account for their minor children. Small contributions today can leverage decades of compounding to build massive wealth for their retirement.

Minimum contribution of just ₹1,000 per year
Seamlessly converts to a regular NPS Tier I account upon turning 18

Open Vatsalya Account

Frequently Asked Questions

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

PRAN stands for Permanent Retirement Account Number. It is a unique 12-digit number provided to every NPS subscriber. It remains unchanged even if you change your job, location, or Pension Fund Manager.

From a Tier II account, you can withdraw anytime. For a Tier I account, partial withdrawals (up to 25% of your own contributions) are allowed after 3 years for specific purposes like child's education, marriage, or critical illness.

As a registered PoP, we facilitate end-to-end account opening. Visit your nearest Meghalaya Rural Bank branch with your KYC documents (Aadhaar, PAN, and Bank details) to generate your PRAN and start investing.

Take Charge of Your Retirement

The best time to start investing was yesterday. The second best time is today. Visit any branch to open your NPS account.

National Pension Scheme (NPS)