Idbi nps

I recently opened an account in the IDBI Bank and heard about the National Pension System (NPS) want to know more related to this. Will you provide all details about IDBI Bank National Pension System (NPS) also provide address and contact details of this bank?

[pawan]

IDBI Bank was established in 1964 by an Act of Parliament to provide credit and other financial facilities for the development of the fledgling Indian industry

NPS:

National Pension System (NPS) is a voluntary, defined contribution retirement savings scheme designed to enable the subscribers to make optimum decisions regarding their future through systematic savings during their working life.

NPS seeks to inculcate the habit of saving for retirement amongst the citizens

Contribution Requirement for NPS Accounts:

Particulars Tier I Tier II
Minimum Contribution required at the time of Account opening Rs. 500 Rs. 1000
Minimum Subsequent Contribution Amount required Rs. 500 Rs. 250
Minimum Contribution required per year Rs. 6000 Rs. 250
Minimum number of contribution required in a year 1 1

Freedom to

Switch amongst Funds, Fund Managers and Investment Options
Increase / decrease the investment amount for the year
Change the frequency of contribution
Select different asset allocation, scheme preference and pension fund manager for Tier I and Tier II accounts
Nominate different nominees for their Tier I and Tier II accounts
Make contribution in NPS account from any of the NPS enabled IDBI Bank branches

Contact:

Registered Office:
IDBI Bank Ltd.
IDBI Tower, WTC Complex,
Cuffe Parade, Colaba, Mumbai 400005.

Swift: IBKLINBB
1800-200-1947
1800-22-1070