Fincart Corporate NPS

Start Saving From Today And Secure Your Tomorrow

  • PFRDA Regulated
  • Voluntary Investment Plan
  • Eligible for 18-70 Years
  • Launched by Government of India

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Corporate National Pension System

In today’s fast-paced world, ensuring a secure and financially stable future for employees is a priority for any forward-thinking organization. Fincart wishes to become the partner for all those organizations. Consider us as your partners or confidants who will offer you the support of enrollment like no other by empowering your workforce with the knowledge and tools they needto achieve financial independence and peace of mind.

NPS Corporate Sector Model is the customized version of core NPS by PFRDA designed to suit various organizations within purview of their employer-employee relationship. The Corporate National Pension System (NPS) with Fincart is an ideal retirement savings solution for businesses aiming to enhance employee benefits.

This system offers flexible contribution options from both employers and employees, promoting a collaborative approach with significant tax advantages.  The option to tailor their investment choices and aligning their retirement plans with personal financial goals help all. Partnering with Fincart for Corporate NPS ensures a streamlined, beneficial, and secure financial future for your workforce.

Corporate empanelment & onboarding process

Features for Fincart Partnered Corporate NPS

FAQs

"NPS provides a platform for corporations to co-contribute for its subscribers or facilitate them to
contribute for their pension. There are three variations of contributions from employer and
employee:
-Equal contributions by employer and employee
-Unequal contribution by the employer and the employee
-Contribution from either the employer or the employee"

There is no requirement for a minimum number of employees for adopting NPS.

Total contribution (employer and/or employee) in Tier I for a financial year should be Rs. 1000

There are three scenarios for NPS exit

-Minimum 40% of NPS to be annuitized
-Maximum 60% to be paid as lump sum to subscriber
– If the corpus is less than 5 lakhs then full withdrawal is permitted.

-Allowed after 5 years of NPS account opening
-Minimum 80% of NPS should be annuitized
-Maximum 20% is paid as a lump sum to subscriber free
-If the corpus is less than 2.5 lakh then full withdrawal is permitted.

-100 percent of the NPS amount should be paid to the nominee or legal heir
– The nominee can choose annuity as well.

   
Active choice Auto choice
Fund allocation Subscriber decides fund allocation Investment choice based on life cycle (age of subscriber)
Equity exposure Up to 75% can be invested in Equity and 5% in alternative assets 3 investment options are available
  • Aggressive (LC 75) (Equity, Alternate funda)
  • Moderate (LC 50) (Company bonds)
  • Conservative (LC 25) (Government security)