1.

NPS Pension Calculator:

http://www.npstrust.org.in/content/pension-calculator

You may visit the above link to view the pension calculator.

Example 1: Subscriber age 30 years, contribution done for 30 years and 40% amout being annuitized.

Head
Subscriber Age 30
Monthly contribution (Annual contribution = 50000 personal +100000 corporate) 12500
Retirement age 60
Total years of contribution 30
Expected rate of return 10%
Annuity investment 40%
Expected annuity rate 6%
Montly Pension amount 46146
Example 2: Subscriber age 35 years, contribution done for 25 years and 40% amout being annuitized.

Head
Subscriber Age 35
Monthly contribution (Annual contribution = 50000 personal+50000 corporate) 12500
Retirement age 60
Total years of contribution 25
Expected rate of return 10%
Annuity investment 40%
Expected annuity rate 6%
Montly Pension amount 33447
Example 3: Subscriber age 35 years, contribution done for 25 years and 100% amout being annuitized.

Head
Subscriber Age 35
Monthly contribution (Annual contribution = 50000 personal+50000 corporate) 12500
Retirement age 60
Total years of contribution 25
Expected rate of return 10%
Annuity investment 100%
Expected annuity rate 6%
Montly Pension amount 83618
2. Salary Slip Illustration
Gross Salary – 50 lakh
Without
Head Particulars With NPS
NPS
Basic (40% of Gross) 2,000,000 2,000,000
HRA (50% of Basic) 1,000,000 1,000,000
Flexi / Professional
Allowance
1,750,000 1,550,000

Salary Corporate Contribution – EPF 250,000 250,000

Corporate Contribution –
Gratuity
0 0
Corporate Contribution -
NPS (10% of Basic)
200,000

Gross Salary 5,000,000 5,000,000

80CCE 1,50,000 1,50,000

Corporate Contribution – PF 240,000 240,000
Corporate Contribution –
Gratuity
0 0
Deductions
Corporate Contribution -
NPS (80CCD (2))
200,000

Individual Contribution to
NPS (80CCD (1B))
50,000

Gross Deductions 240,000 490,000

Taxable Salary 4,760,000 4,510,000

Change in Taxable Salary 250,000

Gross Salary – 70 lakh
Without
Head Particulars With NPS
NPS
Basic (40% of Gross) 2,800,000 2,800,000
HRA (50% of Basic) 1,400,000 1,400,000
Flexi / Professional
Allowance
2,450,000 2,170,000

Salary Corporate Contribution – EPF 350,000 350,000

Corporate Contribution –
Gratuity
0 0
Corporate Contribution -
NPS (10% of Basic)
280,000

Gross Salary 7,000,000 7,000,000

80CCE 1,50,000 1,50,000

Corporate Contribution – PF 336,000 336,000
Corporate Contribution –
Gratuity
0 0
Deductions
Corporate Contribution -
NPS (80CCD (2))
280,000

Individual Contribution to
NPS (80CCD (1B))
50,000

Gross Deductions 336,000 666,000

Taxable Salary 6,664,000 6,334,000

Change in Taxable Salary 330,000

3. Why ICICI Bank as POP

 One of the Top PoPs in Private Sector for Corporate NPS
 POP for over 930 Corporates with more than 1.65 lakh subscriber
base(Corporate+Individual)
 Minimal documents needed for Tie-up i.e CHO-1, MoUand PAN/COI for KYC. (No board
resolution needed)
 Online NPS InstaPRAN generation though ICICI Bank Net Banking/ iMobileand activation
within 48 hours for ICICI Bank account holders
 Online employee verification facility for Nodal Officers for Employee’s Corporate PRANs
 Bulk e-mail based process for Sector shifting, no individual form filling required
 Simple contribution process with email intimation to corporate on success & failure
 Dedicated NPS Service team for each state and extensive branch network pan India
4. Why ICICI Prudential as Pension Fund Manager (PFM)
 ICICI PruPension Fund Management Company Ltd (ICICI PruPFM) is a pension fund manager
for managing the funds collected under the NPS for Indian citizens and central government
employees
 A wholly owned subsidiary of ICICI Prudential Life Insurance Company Limited, company
began its operations in May 2009 after it was appointed by Pension Fund Regulatory and
Development Authority (PFRDA) as a Pension Fund Manager(PFM).
 One of the oldest and largest fund manager in private sector managing assets of over Rs.
6793 Cr* (as on 31st Jan 2021)
 Gold award for Pension Manager of the year by Outlook money awards for the year 2018
 Investment Philosophy is to deliver superior risk adjusted returns over long term
o Focus on Safety, Stability and Returns
 Only Large PFM with no defaults since inception*
o No exposure to IL&FS
o No exposure to debt securities of Zee Group
o No exposure to Dewan Housing
o Fund performance of other PFMs to be impacted by IL&FS provisioning –IL&FS
exposure not yet classified as NPS
o (Our scheme performance would not be affected since we have no exposure)
 ~80% of Scheme C portfolio invested high AAA securities and rest in AA+ and AA

Average Fund performance for last 10 years: Tier I

Tier I SBI UTIRSL ICICI KOTAK HDFC LIC BIRLA
Scheme E 8.65% 8.44% 9.91% 8.85% NA NA NA
Scheme C 10.36% 9.95% 10.68% 10.02% NA NA NA
Scheme G 9.94% 9.41% 9.82% 9.83% NA NA NA

Average Fund performance for last 6 months: Tier I

Tier I SBI UTIRSL ICICI KOTAK HDFC LIC BIRLA
Scheme E 17.54% 19.23% 18.86% 18.83% 18.26% 18.72% 18.51%
Scheme C 8.56% 8.46% 9.12% 7.06% 8.82% 9.32% 8.56%
Scheme G 5.63% 5.48% 5.63% 5.60% 6.01% 5.61% 5.63%
5. Cost impact of POP charges on employees for Corporate contribution :
Ex 1: Gross contribution – Rs. 5,000

At the time of account opening Subsequent contribution

April Amount May Amount
Gross Contribution 5000 Gross Contribution 5000
Account opening charges 200 POP charges (0.25%, min 20/-) 20
IGST on a/c Opening (@ 18%) 36 IGST on POP charges (@18%) 3.6
POP charges (0.25%, min 20/-) 20 Net contribution 4976.4
IGST on POP charges (@18%) 3.6
Net contribution 4740.4

Ex 2: Gross contribution – Rs. 10,000

At the time of account opening Subsequent contribution

April Amount May Amount
Gross Contribution 10000 Gross Contribution 10000
Account opening charges 200 POP charges (0.25%, min 20/-) 25
IGST on a/c Opening (@ 18%) 36 IGST on POP charges (@18%) 4.5
POP charges (0.25%, min 20/-) 25 Net contribution 9970.5
IGST on POP charges (@18%) 4.5
Net contribution 9734.5

6. Corporate Contribution mechanism: Contribution letter and format attached in the

mail.
• Corporate will provide the contribution for the employees and share it in the details in
the format enclosed. Kindly share the Hardcopy to RM/ICICI Bank designated branch.
• The funding can be done through RTGS / NEFT / Cheque. The details for NEFT / RTGS is
as below. Kindly contact RM for below bank detail.
Bank Name : ICICI Bank
Branch Name :
Branch Address :
IFSC code :
Account No. :
Name of the A/c : ICICI Bank Collection Account
Contact Person :
Contact No. :
In case of Cheque/DD. the payee name should be "ICICI Bank Ltd- NPS Trust A/c."
 • ICICI Bank will process the contribution received from the corporate and transfer the
funds to the Trustee Bank (Axis) in T+2 days.
• The Trustee Bank will transfer the funds to the PFM in the next 3 days.

The amount will reflect within 5 working days in the customer account.

7. Corporate Registration process

8. Registration documentation: Attached along with the mail

9. NPS Presentation: Attached along with the mail
10. FAQs: Attached along with the mail
11. Process Note for NPS account opening: Mentioned in the NPS presentation

12. Applicable charges

Intermediary Charge Head Service Charge* (GST Applicable)

ICICI Bank LTD charges as POP Initial subscriber registration Rs. 200
charges for each subscriber
Any subsequent contribution 0.25% of the contribution subject
to minimum of Rs. 30 and
maximum of Rs.25000

Any subsequent transactions Rs. 30

( Account Maintenance )