NPS – Swavalamban

Launched in 2009 by the Government of India, the National Pension Scheme from PFRDA made way for every working citizen of India to save part of their income for their pension. To extend the coverage of NPS to the weaker and economically disadvantaged sections of society with their limited investment potential, NPS- Swavalamban (Lite) was launched which promotes small savings during their productive life, in order to prevent economic deprivation in later stages of their lives.

CA Grameen is exclusively serving existing subscribers of NPS, with no new subscriptions being accepted. Subscribers can make contributions by visiting CA Grameen branches, with the flexibility to contribute a minimum of INR 1,000 and a maximum of INR 12,000 annually. For Swavalamban Subscribers whose accumulated pension wealth does not exceed INR 1 Lakh, there’s an option to preclose and withdraw the corpus by forgoing the government contribution. The services provided include complete withdrawal at the age of 60, withdrawal by the nominee upon the death of the subscriber, and premature exit after reaching 40 years of age.