Union Bank Of India NPS

Hii sir, I wants to get the Information About the National Pension System of the Union bank Of India ?

[Rajkumar Agarwal]

As you Asking for the Information About the National Pension System of the Union bank Of India the Information is given below


NPS has been introduced by Pension Fund Regulatory and Development Authority (PFRDA) to promote old age income security to all citizens of India including workers of the unorganized sector with effect from May 1, 2009


Features :

Every individual subscriber will be issued a Permanent Retirement Account Number (PRAN) card and having 12 digit unique number.

Under NPS account, two sub-accounts – Tier I & II are provided.

Tier I account is mandatory and the subscriber has option to opt for Tier II account opening and operation. The following are the salient features of these sub-accounts:

Tier-I account: A non-withdrawable retirement account which can be withdrawn only upon meeting the exit conditions prescribed under NPS

Tax Benefits:
Available as per Income Tax Act 1961 amended from time to time.

Other Facilities:
Account can be transferred from one POP to another.
Provision for Change in subscriber details, investment scheme, fund manager etc.
statement available.


For more Information you may contact on their Customer Care Number the Number Are
Customer Care : 1800-22-22-44