National Pension System

National Pension System (NPS) is a government-backed, defined contribution retirement scheme that helps individuals build a pension corpus during their working years to generate regular income after retirement. Regulated by the Pension Fund Regulatory and Development Authority (PFRDA)

Followings are eligible
✔ Any Indian Citizen (resident or non-resident) and Overseas Citizen of India (OCI)
✔ Age between 18 to 70 years
✔ Must complete KYC requirements

Opening your NPS account with Farsight is super easy. Just follow these steps:
1. Click on: https://farsightshares.com/open-account
Choose one of the CRA options — KFintech CRA or NSDL (Protean) CRA — to proceeds with your NPS registration.
2. Upload the required documents:
o ID Proof: Aadhaar Card or PAN Card
o Address Proof: Aadhaar, Voter ID, Passport, or Driving License
o Bank Details: Cancelled Cheque or Bank Passbook copy
o Photograph: Passport-size photo
o Signature: Scanned signature for verification
3. Make your first contribution (minimum ₹500 for Tier I).
4. Receive your PRAN (Permanent Retirement Account Number). You can opt for an e-PRAN or a physical PRAN Card.

Yes, NPS can be voluntarily subscribed along with any other pension scheme(s). However, an individual cannot have multiple NPS accounts.

You can check your NPS account anytime through CRA portals or apps:
1. Using CRA Portals
• KFin CRA: https://nps.kfintech.in/login/login/
• NSDL CRA: https://cra.nps-proteantech.in/CRA/
• Login with: o Login ID: Your PRAN number o Password: Default password is also sent to your registered email ID, which you can reset after login.
2. Using Mobile App
• Download the NPS CRA app from your app store.
• Login with your PRAN and password.
• You can check balance, contributions, and account statement anytime.
Note: You can reset your password directly on the CRA login page. If you forget your password,

You have two easy ways to contribute to your NPS account:
1. Online via CRA / App o Login with your PRAN and password. o Make contributions directly to your NPS account through the platform.
2. Through Your POP (Farsight) o Visit your nearest Farsight branch or POP center. o Deposit your contribution with us. o We provide a receipt for confirmation of your contribution.
You can invest anytime, and all contributions are tracked in your NPS account.

Yes. You can contribute to the National Pension System (NPS) at any time during the year. Subscribers have the flexibility to invest monthly, quarterly, or at any interval they prefer—similar to a Systematic Investment Plan (SIP). This disciplined and systematic approach enables the gradual accumulation of a robust retirement corpus over time.

Contributions are typically reflected within 3 working days after being processed by the Point of Presence (PoP), Trustee Bank, Pension Fund, and Central Recordkeeping Agency (CRA). Once the funds are invested and units are allocated, the subscriber receives an SMS or email confirmation and can also view the transaction by logging into their NPS account.

You can track your NPS account anytime and see how your investments are doing:
1. Login via CRA Portals or App o KFin CRA: https://nps.kfintech.in/login/login/ o NSDL CRA: https://cra.nps-proteantech.in/CRA/ o Use your PRAN and password to login. o Check balance, contributions, fund performance, and returns.
2. Through Farsight POP o Visit your nearest Farsight branch. o Ask for your account statement or fund performance report.

After 15 years of subscription or at age 60, whichever is earlier.

If corpus is above ₹12 lakh, Withdrawals will be
a) Up to 80% as lump sum;
b) Minimum 20% must be used to buy annuity (pension).

If corpus is between ₹8 lakh to ₹12 lakh, Than Up to ₹6 lakh can be withdrawn as lump sum, and the remaining amount can be used for annuity or phased withdrawals.

Yes, If the corpus is ₹8 lakh or less, 100% withdrawal is allowed without buying an annuity.

Yes, 5 Years mandatory subscription for Subscribers registered under ‘All Citizens of India’
a) Complete (100%) Lump sum withdrawal allowed if the corpus is equal to or below ₹ 2.5 Lakh.
b) If the corpus higher than ₹ 2.5 Lakh, at least 80% of the accumulated pension wealth has to be utilized for purchase of an Annuity providing for monthly pension to the Subscriber and the balance 20% is paid as lump sum to the Subscriber.

Yes, Four-Time Limit: You can now make up to four partial withdrawals before age 60, post age 60 with 3-years gap. Partial withdrawals are allowed before 60 after 3 years of account opening, up to 25% of your own contributions

Yes, In the following conditions Partial withdrawals allowed.
• Children’s higher education
• Children’s marriage
• Purchase or construction of a house
• Treatment of specified illnesses
• Disability above 75%
• Skill development or re-skilling
• Starting a business or venture

Yes, If you do not exit NPS at 60, Subscribers can now remain invested in the NPS up to the age of 85Years. You may exit any time after 60Years.

MSF (Multiple Scheme Framework) is the new flexible structure in the National Pension System that lets you hold multiple investment schemes under one NPS account (PRAN) instead of being limited to just one investment choice per tier. With MSF, different schemes can have different strategies — like aggressive (high equity), moderate, or conservative — so you can tailor your retirement investment across risk profiles

Yes, You only need one PRAN, even with MSF.

Under the Multi Scheme Facility (MSF), up to 100% equity exposure is allowed.

Yes — MSF lets you pick schemes across different Pension Fund Managers (PFMs) using the same PRAN.

Corporate Sector NPS: NPS offered by employers as a retirement benefit for non-government employees. Contributions can come from the employer, employee, or both in varying proportions.
NPS Coverage: Available for Central Government, State Government, Corporate, and All Citizen sectors.

For Corporate Registration
• Select a registered Point of Presence (POP).
• Submit the Corporate Registration Form (CHO-1) to the selected POP.
• The POP forwards the application to the Central Recordkeeping Agency (CRA).
• Upon verification, the CRA registers the corporate entity and allots a Corporate Registration Number.
For Employee Registration
• Employees fill and submit the Composite Subscriber Registration Form (CSRF) to the employer.
• The employer verifies employee details and forwards the forms to the selected POP.
• The POP submits the documents to the CRA.
• The CRA registers the employees and generates a Permanent Retirement Account Number (PRAN) for each subscriber.
• PRAN kits are dispatched directly to employees.

Yes, (NPS) can be a win-win for both employees and employers—but only under the right conditions
For the Employee
✓ Contribution has Extra deduction under Section 80CCD(1B) (₹50,000 over 80C) Not treated as taxable income in the hands of the Employee
✓ Locked-in structure ensures you actually build a retirement corpus
For the Employer
✓ Employer contributions are deductible as business expenses.
✓ Offering NPS contributions can be more tax-efficient than increasing CTC
✓ Contributions – These are not treated as expenses; however, they can help reduce the company’s overall tax liability by qualifying for deductions or credits under applicable tax laws.

Your PRAN (Permanent Retirement Account Number) remains active and unchanged for your entire lifetime, regardless of changes in jobs, cities, or even if you move abroad. As a "portable" retirement account, the PRAN is tied to you,

No, An employer cannot forfeit your accumulated NPS pension corpus or take back the NPS corpus (both your and their contributions) if an employee resigns. The accumulated pension amount remains in the employee’s NPS account.

NPS Vatsalya is a contributory pension system under the National Pension System (NPS). Its objective is to create a pensioned society and encourage the empowerment of children by inculcating the habit of saving for retirement from an early age.

NPS Vatsalya is open to all citizens of India who are under the age of eighteen years. The account will be opened and operated by the guardian on behalf of the minor.

The operation of an NPS Vatsalya account is quite straightforward but has a few important rules because it is meant for minors (children below 18 years).
o The account is opened by the natural or legal guardian in the name of the minor.
o The minor is the sole beneficiary of the account.
o A unique Permanent Retirement Account Number (PRAN) is issued in the minor's name.
o The account is operated by the guardian for the exclusive benefit of the minor until they reach the age of majority (18 years).

The NPS Vatsalya account can be opened through:
✓ Points of Presence (POPs) registered with PFRDA either online or in physical mode, directly or through Retirement Advisors/Pension Agents.
✓ Parent/Legal Guardian initiates account opening (Online or through POP).The online platform (eNPS) of NPS Trust.
✓ The KYC norms applicable to the guardian must be in accordance with the standards stipulated by PFRDA. (PAN, Aadhaar, Address Proof, Cancelled cheque / Bank proof and recent Photograph.
✓ In the case of a court appointed legal guardian, a copy of the court order regarding the appointment of the Legal Guardian must be submitted along with the KYC documents.
✓ For the minor, the proof of date of birth is required. (Birth Certificate / Aadhaar)
✓ School leaving certificate / Matriculations issued by Higher Secondary Board of respective states, ICSE, CBSE, etc.
✓ Passport of the minor
✓ PAN of Minor.
✓ Make the prescribed initial contribution
✓ PRAN is generated in the minor’s name after successful verification.
✓ Guardian operates the account until the child turns 18.

As per below
• For Indian residents: A minor’s bank account or joint account is not mandatory at the time of opening. However, bank details will be required for partial withdrawal or exit before the age of 18.
• For Non-Residents (NRIs): NRE or NRO bank account details are mandatory.

As follows
• The account remains active and is automatically converted into an NPS Tier I Account (All Citizen Model).
• After conversion, all features, benefits, and exit rules of NPS Tier I will apply.
• Fresh KYC must be completed within three months of turning 18.
• Contributions can continue after submission of the updated KYC.

A Pension Agent is an authorized individual registered under a POP (Point of Presence) who promotes and facilitates the National Pension System (NPS) for individuals and corporates.

Farsight offers trusted institutional backing, regulatory credibility, digital-first systems, end-to-end support, and opportunities to earn recurring commissions.

Yes. NPS partners can earn commission on subscriber on boarding and contributions, while offering retirement solutions and building long-term client relationships.

Anyone 18+ with PAN, Aadhaar, and basic education. Certification (if required) and registration with Farsight are needed.

Procedure for Registration as Agent with Farsight are as below
1. Contact Farsight Mutual Fund & NPS team
2. Submit self-attested PAN, Aadhaar, and ARN (if applicable)
3. Receive your agent login and start offering NPS solutions
4. Access training and support to serve clients effectively