The Department of Posts (DoP) announced today that it has started providing online services for its National Pension Scheme (NPS-All Citizen Model Scheme).

The voluntary pension scheme of the Indian government managed by Pension Fund Regulatory and Development Authority (PFRDA) through its designated Post Offices has been operational since 2010 through a physical process system.

Any Indian citizen of India in the age group of 18-70 years of age group can avail this online facility by visiting the official website of the Department of Posts (www.indiapost.gov.in) under the menu head 'National Pension System -Online Services'.

Facilities like new registration, initial/subsequent contribution and SIP options under NPS Online are available to the customers at minimum charges for all services. The NPS service charge of the department is amongst the lowest. The subscribers are also eligible for tax deduction in NPS as per declaration made by the Ministry of Finance from time to time under section 80CCD 1(B).

This online facility may be availed by all eligible persons for NPS without physically visiting any post office and to enjoy the hassle free experience at minimum fee structure. The government believes that the NPS online facility will go a long way in promoting the National Pension Scheme (All Citizen Model) and will ensure a secured and dignified life of people in the country in their old age.

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