Frequently Asked Questions (FAQs)

Under National Pension System (NPS)

1. I am already contributing in my individual capacity to NPS. Do I need to open new

account?
Subscribers are not required to open a new NPS account, they can use the
existing NPS account. The existing NPS account will be mapped under the Corporate
Model. Details of the same to be updated on the organization’s intranet. Pl refer to
the onboarding process for further details.

2. I already have a NPS account through some other POP. Do I have to open another
account or the same can be transferred to ICICI Bank?

Subscribers are not required to open a new NPS account, they can use the existing
NPS account. However, the Point of Presence (POP) will change from its previous
provider to ICICI Bank.

3. I am contributing to NPS in my individual capacity, will contribution through corporate

module be in the same account?
Yes, the NPS account and PRAN will remain same. In addition to the individual
contribution, corporate contributions will also be made to the same PRAN.

4. Please confirm whether contribution through corporate module will be eligible for tax
exemption in New tax Regime?
Yes, only employer contribution up to 10% of basic salary under section 80CCD (2)
will be exempted under new income tax regime. However, please note that Individual
contributions under sections 80CCD (1) and 80CCD (1B) amounting up to Rs.
1,50,000 and Rs. 50,000 respectively would not be exempted in new income tax
regime.

5. If I leave the organization and new employer does not have Corporate NPS, what will
happen to my NPS account?
In that case, PRAN will be converted to individual mode and employee will no longer
be eligible for corporate benefits. However, you can continue to avail tax benefit on
individual contributions under 80CCD (1) and 80CCD (1B) amounting up to Rs.
1,50,000 and Rs. 50,000 respectively under the old tax regime.

6. What component of salary will be considered for 10% corporate contribution?

Upto 10% of Basic + Dearness Allowance component of the salary would be
considered for employer contribution.
7. How will I be able to select how much amount to contribute towards Corporate NPS?
The same must be updated on intranet along with PRAN details. Pl refer to the
onboarding process for further details.

8. Does employee have any capping for contribution under the corporate NPS model?
The total sum of employer contributions made to Employer Provident Fund,
Superannuation and NPS are exempt from taxes, upto a maximum of Rs. 7.5 lakhs
per year. Any amount exceeding this limit will be subject to taxation.

9. I have Atal pension account along with an NPS account. Can Atal pension account
continue?

Atal Pension Yojana is a different scheme managed by PFRDA, and individuals with
an APY account will have a unique PRAN beginning with the digit 5. Yes, it is possible
to maintain both an NPS and APY account concurrently.

10. I do not have NPS account, how can I open it through ICICI Bank?
ICICI Bank account holders can generate Instant PRAN through internet banking or
i-Mobile application. Pl refer to the onboarding process for further details.

11. If the Corporate Retirement age is 58 years while in NPS it is shown as 60 years. When
Can I exit NPS and start pension?
NPS exit can be exercised at the time of retirement. The retirement age is determined
by the corporate, currently retirement age is 58 years. Individuals may also begin
receiving pension upon exiting NPS. Subscribers may also choose to stay invested
upto 70 years

12. Can I exit NPS before maturity if I decide not to contribute to NPS. What are the options
available for the same?
It is possible to close NPS account prematurely, provided that the subscriber has
completed 5 years from date of PRAN opening. Upon closure, the subscriber can
withdraw upto 20% of the total amount as lump sum, while the remaining 80% can
be received through an annuity. The subscriber may choose to defer the annuity or
begin receiving payments from the date of NPS exit.

13. Is Rs 1,000/- the minimum contribution for both corporate and individual contribution
clubbed together?
Yes, the subscriber must contribute a minimum of Rs. 1,000 per financial year through
either the individual or corporate route.

14. I have PRAN with another POP. What is the process to transfer it to ICICI POP?
The existing NPS account details have to be updated on the organization’s intranet.
Pl refer to the onboarding process for further details. The shifting process would be
executed from the backend and PRAN would be mapped to ICICI Bank PoP.
 15. I have PRAN with KCRA, CAMS or other agency, what process need to be followed to
transfer to ICICI POP. Whether any physical form required to be submitted and to
whom?
In case of Kfintech PRANs (series starting from 4) or CAMS PRANs (series starting
from 9), employee would have to submit the soft copy of ICSS form to
[email protected]
The PRAN would be mapped to NSDL in 14 working days. Once CRA is changed to
NSDL, employee can submit the same on organization’s intranet.

For further details contact ICICI Bank Representative or the below touch points:
Onboarding / Subscription Requests: [email protected]
Any Servicing Requests: Email - [email protected] | Helpline no. : 1800 1080

Disclaimer:

Tax benefits may be available as per prevailing tax laws. Tax benefits under the policy are subject to
prevailing conditions and provisions of the Income Tax Act, 1961. Goods and Services Tax and
Cesses, if any, will be charged extra as per applicable rates. The tax laws are subject to amendments
made thereto from time to time. Please consult your tax advisor for details
 Frequently Asked Questions (FAQs)
Under National Pension System (NPS)

About NPS

Q. What is NPS?
A. The National Pension System (NPS) is a voluntary, defined, disciplined contribution
retirement savings scheme initiated by the Government of India which allows citizens
of India to effectively plan for their retirement through safe and reasonable market
based returns. It enable the subscribers to make optimum decisions regarding their
future through systematic savings during their working life.

Q. How does NPS work?

A. The National Pension System (NPS) is a defined contribution pension scheme in
which a subscriber contributes regularly towards creating a retirement corpus. Here
is a step-by-step explanation of how the NPS works:

1. Registration: The first step is to register online through ICICI bank internet
banking or iMobile application or through My NPS Link (refer to detailed
onboarding process note). Once registered, a Permanent Retirement Account
Number (PRAN) is allotted to the subscriber. This PRAN is unique identification
number allotted to each subscriber and remains the same till the exit of the
subscriber from NPS.
2. Contribution: After registration, the subscriber needs to make regular
contributions towards the NPS to create a retirement corpus. The subscriber can
choose the contribution amount, which can be either a fixed amount or a
percentage of the salary. The contributions are invested in different asset classes
such as equity, corporate bonds, government securities and Alternate investment
fund based on the subscriber's preference.
3. Corpus accumulation: The contributions made by the subscriber towards the NPS
are invested in a combination of asset classes to create a retirement corpus. The
returns generated from these investments are credited to the subscriber's NPS
account, which helps in the accumulation of the corpus.
4. Exit Options : On retirement or exit from the scheme, the subscriber has three
options :
 Withdrawal: The subscriber can withdraw up to 60% of the accumulated
corpus as a lump sum. The remaining 40% must be used to purchase an
annuity plan, which provides a regular pension to the subscriber.
 Annuity purchase: The subscriber can use 100% or 40% of the entire
corpus to purchase an annuity plan, which provides a regular pension to
the subscriber.
 Combination: The subscriber can withdraw a portion of the corpus as a
lump sum and use the remaining amount to purchase an annuity.
Q. What are different types of NPS models?
A. There are 2 models, namely- Corporate NPS model and All Citizen model. Corporate
NPS model is applicable for all corporate employees wherein the corporate is
registered with the Point of Presence for NPS.

NPS
Description
model

This model is applicable for the employees working with corporate

Corporate organisations. Under this model, Employee as well as Employer (on
Model behalf of Employee) both can contribute towards NPS account of
Employee.

All India
Citizen
Citizens of India who are financially not dependent on any employer
Model/
like Self-employed category, Professionals like Doctors, CAs, CS,
Retail/
CMAs, Lawyers, Architects etc. and other citizens
Individual
Model

Q. What are the tax benefits of NPS?

A. Individuals who are employed and contributing to NPS would enjoy tax benefits on
their own contributions as well as their employer’s contribution as under:

 Employee contribution:
Deduction up to 10% of basic salary plus dearness allowance with overall ceiling
₹1.5 lakh u/s 80CCD(1) of the Income Tax Act, 1961.
The overall limit is capped ₹ 1.50 lakhs under Section 80CCE of the Income Tax
Act, 1961
 Voluntary contribution:
Deduction up to ₹50000 u/s 80CCD(1B) from taxable income for additional
contribution to NPS.
 Employer contribution:
Deduction up to 10% of basic salary plus dearness allowance from taxable
income u/s 80CCD(2) of the Income Tax Act, 1961. This is over and above the
limits u/s 80C.
The total tax benefit under employer’s contribution towards EPF, NPS and
Superannuation fund (SAF) is capped at ₹ 7.5 lacs for tax exemption. The employee
can opt for higher contribution amount, however, amount exceeding 7.5 lacs and
 interest/Dividend attributable to such excess contribution earned will be made
taxable in the hands of the employee as perquisite. This is in effect from 01.04.2020.

Q. What are the investment options available under NPS corporate?

A. There are different types of asset classes in which your money can be invested:
 Asset Class E- Investment in equity market instrument (High return, High risk).
 Asset Class C- Investment in fixed income instruments other than Government
Securities (moderate risk, moderate return). Examples of these are bonds
issued by firms.
 Asset Class G- Investment in Government securities (Low return, Low risk).
The best example of this is central government bonds.
 Asset class A- Investment in Alternate Funds

There are 2 investment options available to select the above asset classes:

 Active choice: Here the individual would decide on the asset classes in which the
contributed funds are to be invested among E, C, G and A. One can specify the
percentages in which money has to be invested in these asset classes. However,
allocation in Equity cannot be more than 75% and alternate funds 5%.

 Auto choice – Lifecycle Fund: This is the default option under NPS and where in
the management of investment of funds is done automatically based on the age
profile of the subscriber. One will have the flexibility to choose one among the
Pension Funds (PFMs) and the percentage in which the selected PFM will invest
the funds. Subscriber has choice of three Lifecycle Funds. They are Aggressive
Lifecycle Fund, Moderate Lifecycle Fund, Conservative Lifecycle Fund. Under
these lifecycle funds, the management of investment of funds (allocation between
asset class) is done automatically based on the age of the subscriber.

The matrix for allocation of funds under different life cycle funds can be accessed at
https://npscra.nsdl.co.in/download/Investment-options-under-NPS.pdf
The average returns under the different investment categories for different time
periods can be checked at www.npstrust.org.in. The same is updated monthly.
Q. Which are the Pension Fund Managers (PFMs) available for investment?
A. At present, subscriber has the option to select any one of the following PFRDA
Registered Pension Fund Manager (PFM):
 ICICI Prudential Pension Fund Management Co. Ltd.
 HDFC Pension Management Company Ltd
 LIC Pension Fund Ltd.
 SBI Pension Fund Pvt. Ltd.
 Kotak Mahindra Pension Fund Ltd.
 UTI Retirement Solutions Ltd.
 Aditya Birla Sun Life Pension Management Ltd.
 Tata Pension Management Ltd.
 Max Life Pension Fund Management Ltd.
 Axis Pension Fund Management Ltd.

Q. What are the different entities in NPS ecosystem?

A. PFRDA - On 23 August 2003, the Interim Pension Fund Regulatory & Development
Authority (PFRDA) was established through a resolution by the Government of India
to "promote old age income security by establishing, developing and regulating
pension funds, to protect the interests of subscribers to schemes of pension funds
and for matters connected therewith or incidental thereto." The Pension Fund
Regulatory & Development Authority Act was passed on 19 September 2013 and
notified on 1 February 2014, thus setting up PFRDA as the regulator.

Point of Presence: Acts as first point of interaction for subscriber and is responsible
for facilitating account opening and servicing of subscribers requests. All the major
commercial banks, brokers, Pension Fund Management Companies with POP license
and Stock Holding Corporation Ltd perform the role of PoP. The subscriber can
choose any one of them.

Pension Fund Manager: Responsible for managing the investments of subscribers

under NPS.

Central Recordkeeping Agency: Responsible for recordkeeping, administration and

customer service functions for all subscribers of NPS. They issue the PRAN and
IPIN/TPIN. The current CRAs are the NSDL e-Governance Infrastructure Limited
(NCRA), KFintech (KCRA) and CAMS

Trustee Bank: Facilitate fund transfers across various intermediaries of the NPS viz.
PFMs, ASPs, and Subscribers etc. Axis Bank is the designated trustee bank effective
from 1st July, 2013.
 Custodian: Responsible for the custody, settlement, record, and receipt and reporting
of rights or entitlements of National Pension System Trust (NPST) securities, assets
or documents.

Annuity Service Provider: Responsible for providing Annuity Service after Subscriber
exits from NPS.

NPS Trust: The National Pension System Trust (NPS Trust) was established by
PFRDA on27th February, 2008 with the execution of the NPS Trust Deed. The NPS
Trust has been set up and constituted for taking care of the assets and funds under
the National Pension System (NPS) in the interest of the beneficiaries (subscribers).
Individual NPS subscribers shall be the beneficiaries of the NPS Trust. The NPS fund
are managed by the Board of Trustees to realize and fulfill the objectives of the NPS
Trust in the exclusive interest of the Subscribers.

Joining NPS

Q. How do I enroll for NPS?

A. For enrolling to the scheme under the “Corporate Sector Model”, first your Corporate
registers with the POP & CRA to introduce this scheme in your organization. Post
corporate registration, you will have to sign up for the scheme by applying online. A
set of standard Know Your Customer (KYC) documents as mentioned below will be
required along with your photograph and signature. And the same needs to be
handed to your POP representative for further processing.
KYC documents required for account opening:
• Proof of identity
• Proof of address
• Photo and Signature
• Cancelled cheque with name printed over it
• For Tier II account Copy of PAN card

Q. How can I open an NPS account through ICICI Bank?

A. For enrolling to the scheme under the “Corporate Sector Model”, first your Corporate
registers with the PFRDA to introduce this scheme in your organization. Post
corporate registration, you will have to sign up for the scheme by applying online.
You can apply online through ICICI bank internet banking or iMobile application or
through My NPS Link (refer to detailed onboarding process note). Once you complete
the application formalities you will be instantly provided with a Permanent
Retirement Account Number (PRAN)

Q. What is the cost that I will incur towards NPS account opening/ maintenance?
A. There are certain charges applicable for NPS account opening/ maintenance. The
charges are as under
Intermediary Charge head Service Charges Deduction Method

Initial subscriber registration ₹ 200

and contribution upload To be collected
POP upfront
Any subsequent transactions ₹ 30
Non-Financial ₹ 30
CRA Name NSDL

PRAN Opening charges ₹ 40 Through

Annual PRA Maintenance ₹ 95 cancellation of
cost per account units
CRA
Charge per transaction ₹ 3.75
Asset Servicing charges 0.0032% of AUM for
Custodian Electronic segment &
Physical segment Through
PF charges Investment Management Fee 0.09% of AUM adjustment in NAV

NPS Trust Reimbursement of Expenses 0.005% of AUM

Q. If I open a NPS account in Corporate Model during the middle of the financial year, how
will my contributions get deducted?
A. Under corporate NPS model 10% of the annual basic will be deducted to avail tax
benefit. This may vary from Corporate to Corporate. Request you to kindly reach out
to your Payroll / Human Resource Team to seek more clarity regarding the same.

Q. Do I need to deposit any minimum amount at the time of subscription of NPS

application form?
A. Yes, there is mandatory minimum contribution of ₹ 500 that needs to be submitted
at the time of opening account via NSDL and with your ICICI Bank portal you can
contribute within 15 days post PRAN generation.

Q. I already have an existing NPS PRAN account with my previous employer. Can I
transfer my NPS account to corporate model of NPS?
A. Yes, you can transfer your account from previous employer to Corporate Sector Model
of NPS. Request you to connect with HR team on the same.

Q. I already have an existing NPS PRAN account under All Citizens model. Can I transfer
my NPS account from all citizen models to the corporate model of NPS?
A. Yes, you can transfer your account from NPS “All Citizen Model” to the “Corporate
Sector Model” of NPS and vice versa. Please connect with your Payroll / Human
Resource team to initiate the transfer.

Q. Can I have more than one NPS account?

A. No, multiple NPS accounts for a single individual are not allowed and there is no
necessity also as the NPS is fully portable across sectors and locations. You can link
your NPS account to corporate, to avail the benefits under the corporate model via
an email-based procedure and corporate NPS account can be converted to retail

Contribution towards NPS account

Q. What process I need to follow to contribute to NPS Account?

A. You need to update your PRAN number and compensation plan for the current year
to start your contribution towards NPS through Corporate.

Q. Will I get an alert once my contribution has been credited to my NPS account?
A. Yes, once the contribution is credited to your NPS account, an email alert as well as
a SMS alert is sent to your registered email ID and mobile number.

Q. What is the minimum annual contribution to keep my NPS account active?

A. You need to contribute minimum amount of INR 1000 per financial year to keep your
NPS account active.

Q. How will I know if my annual contribution towards NPS is less than INR 1000?
A. You will receive an e-mail alert from NSDL team.

Q. Where can I view my contribution towards NPS?

A. NPS App (NPS by NSDL e-Gov) gives you details of your account online. You can
access latest account details as is available on the CRA web site (https://cra-
nsdl.com/CRA/) using user ID (PRAN) and password. The APP access your account
details online and provides you with user friendly interface to browse through your
account information. It also enables you to maintain your latest contact details and
password.

Q. How do I get Statement of Transaction (SOT) on ad-hoc basis?

A. You can view / print the SOTs by logging into CRA website.

Account Maintenance

Q. What happens if the minimum annual contribution of Rs.1000 is not invested in NPS
Account?
A. Your account will be frozen and you will not be able to make any further online
transactions in NPS.

Q. What is the process of unfreezing the NPS Account?

A. You can unfreeze the NPS Account by paying Rs.1000 per financial year as minimum
contribution amount. POP charges to be added to it.

Q. Can I change / modify data in the NPS system after joining NPS?
A. Yes. You can do it online through your account access or you need to submit the
request along with the Service Charge of Rs. 30 plus GST Tax to the POP for initiating
the modification.

Q. Can I request for a duplicate PRAN Card?

A. Yes. In case of loss or damage of PRAN Card, you can download EPRAN (Equivalent
to physical PRAN) online through your account access or you need to submit a duly
filled S2 form to the POP for issuance of duplicate PRAN Card.

Q. If I leave the job, what would happen to my NPS account?

A. You can shift the same PRAN to your new employer, if the new employer is already
a registered entity under NPS. But if not, then you can continue the PRAN a/c under
All Citizen Model.

Nominations

Q. Is a nomination facility available under NPS-Corporate Model?

A. Yes, Nomination can be made by the employee.

Q. Who can be a Nominee, how many nominees can be there and how are the details to
be filled in the form?
A. Only an Individual can be a nominee. You will be allowed to register upto three
nominees only. Decimals/fractional values shall not be accepted in the nomination(s)
percentage share value. Sum of percentage share of all the nominees must be equal
to 100. If sum of percentage is not equal to 100, all nominations will be rejected. The
registration of nominee details will not be done unless all details are duly filled up in
the Nomination form.

Q. Can a minor be a nominee?

A. Yes, minor can be a nominee. In such case, you will be required to provide guardian's
details and date of birth of the minor.

Partial withdrawal from NPS Account/ Early Termination

Q. In case of PF, I can withdraw amount for the purpose of housing or Children’s Marriage
etc. Do I have such facility under NPS?
A. Withdrawal is permitted for the below reasons:
 Higher education of children
 Marriage of children
 Treatment of specified illnesses
 Purchase or construction of residential house or flat
 Establishment of own venture or any start-up
You can withdraw up to 25% of self-contributed amount towards NPS Account after
3 years of contribution as per rule applicable from time to time. Additionally, you can
withdraw from NPS account thrice. Rest of the amount

Q. Do I have to pay any taxes at the time of withdrawal?

A. The total corpus received from Tier 1 NPS is exempt however the corpus received on
Tier 2 NPS is taxable as per the prevailing income tax rates. Tax laws are subject to
change from time to time

Q. Can I exit before 60 years? / Can I deactivate my NPS Account at any point of time?
A. You can exit from NPS after 5 years, as per rules applicable from time to time.

Q. How will I receive the pay-out if I exit from NPS before 60 years? / What happens to
my investments under NPS if contribution is discontinued before retirement?
A. Primary objective of NPS is to create a Corpus which can be used at the time of
retirement to buy pension for you/ your nominee. Hence, there is a restriction imposed
on lump sum amount accessible on exit as mentioned below.

Exit before the age 60 years

o Up to 20% of contribution can be withdrawn in lump sum. Balance
amount needs to be invested in Annuity as per rules applicable from
time to time
o If the Corpus is less than or equal to Rs.2.50 lakh, there is no need to
invest into Annuity. Entire amount can be withdrawn in lump sum

Q. Is it mandatory to withdraw the amount immediately at the time of exit from NPS?
A. In case of exit from NPS on retirement age defined by the Corporate, you can defer
the withdrawal option or can continue the account till 75 years of your age
However, in case of pre – mature exit from NPS (before attaining the age of 60 years),
you do not have option to defer the withdrawal as per rules applicable from time to
time.
Q. What benefits would family of employee get when the employee (covered under NPS)
Dies during the service?
A. In such an unfortunate event, the nominee will receive 100% of the NPS pension
wealth in lump sum or alternatively has the choice to buy annuity. The total corpus
received from Tier 1 NPS will be exempt, however the corpus received on Tier 2 NPS
is taxable as per the prevailing income tax rates. Tax laws are subject to change from
time to time.

Post Superannuation/ Retirement

Q. When can I withdraw the amount?

A. Exit at the age of 60
 Up to 60% of Corpus can be withdrawn in lump sum. Balance amount needs
to be invested in Annuity
 If the Corpus is less than or equal to Rs.5 lakhs, there is no need to invest into
Annuity. Entire amount can be withdrawn in lump sum as per rules applicable
from to time.

Q. Is it mandatory to withdraw the amount immediately at the time of exit from NPS?
A. In case of exit from NPS on retirement age defined by the Corporate, you can defer
the withdrawal option or can continue the account till 75 years of your age.

Q. Do I have to pay any taxes at the time of withdrawal in National Pension Scheme?
A. The total corpus received from Tier 1 NPS is exempt however The corpus received on
Tier 2 NPS is taxable as per the prevailing income tax rates. Tax laws are subject to
change from time to time

Q. What is annuity?
A. An annuity is a financial instrument which offers monthly/ quarterly/ annual pension
at a guaranteed rate depending upon the option you choose. Currently, only the
registered life insurers offer annuities in Indian Market. This needs to be upfront.
Some options:
 Life Annuity - Pension (Annuity) payable for life at a uniform rate to the annuitant
only.
 Life Annuity with Return of Purchase Price to the nominee
 Life Annuity with Return of 50% Purchase Price
 Life Annuity with Return of 75% Purchase Price
 Life Annuity with Return of Balance Purchase Price
 Life Annuity with an annual increase of 5%
 Joint Life, Last Survivor without Return of Purchase Price
 Joint Life, Last Survivor with Return of Purchase Price
 Joint Life, Last Survivor with Return of Purchase Price in parts
 NPS – Family Income
 Annuity guaranteed for a period of 5 years, 10 years or 15 years and thereafter
for life
  Life Annuity with return of Purchase Price on Critical illness (CI) or Permanent
Disability due to accident (PD) or Death

Q. Which are the Annuity Service Providers (ASPs) empanelled by PFRDA?

A. The following Insurance companies providing annuity services have been empanelled
by PFRDA as Annuity Service Providers (ASPs):
• ICICI Prudential Life Insurance Co. Ltd.
• Bajaj Allianz Life Insurance Co. Ltd.
• HDFC Standard Life Insurance Co. Ltd.
• Life Insurance Corporation of India
• Reliance Life Insurance Co. Ltd.
• SBI Life Insurance Co. Ltd.
• Star Union Dai-ichi Life Insurance Co. Ltd.
• Edelweiss Tokio Life Insurance Co. Ltd.
• India First Life Insurance Co. Ltd.
• Canara HSBC Oriental Bank of Commerce Life Insurance Co. Ltd.
• Kotak Mahindra Life Insurance Co. Ltd.
• Max Life Insurance Co. Ltd.
• Tata AIA Life Insurance Co. Ltd.
• PNB MetLife India Life Insurance Co. Ltd.
• Shriram Life Insurance Co. Ltd.

Additional Features

Q. Do I have a facility of Loan/advances under NPS?

A. No, as per existing guidelines there is no such provision under NPS.

Q. Can I shift from Superannuation fund to NPS?

A. Yes, it is possible to shift from superannuation fund to NPS, if the corporate rules
permits.

Q. Any Minimum Service required to be eligible for withdrawal

A. As per the current rules of the National Pension System (NPS), there is no minimum
corporate service required for converting the NPS account from the corporate model to the
All Citizen Model). Once you leave the corporate sector, you can shift your NPS account to
the All Citizen Model and continue to contribute to the scheme as an individual.

For further details contact ICICI Bank Representative or the below touch points:
Onboarding / Subscription Requests: [email protected]
Any Servicing Requests: Email - [email protected] | Helpline no. : 1800 1080
Disclaimer:

Tax benefits may be available as per prevailing tax laws. Tax benefits under the policy are subject to
prevailing conditions and provisions of the Income Tax Act, 1961. Goods and Services Tax and
Cesses, if any, will be charged extra as per applicable rates. The tax laws are subject to amendments
made thereto from time to time. Please consult your tax advisor for details
National Pension System
Onboarding Process
NPS on-boarding process
Existing Subscribers
• Update following existing details on L&T’s intranet :
• PRAN Number
• Select Central Record Keeping Agency (CRA)Name : NSDL / Kfintech / CAMS
• NPS contribution percent

New Subscribers
• Step 1:
• Existing ICICI Bank account holders - Instant PRAN Generation through Internet Banking /
imobile -details in the subsequent slides
• Non ICICI Bank account holders – register through myNPS link – Annexure 2B
https://mynps.nsdl.com/myNPS/NationalPensionSystem.html?appType=main&authId=TjRVUmNwRkU4V3RlYUx
5aVJDSU5FQT09

• Step 2:
• Update details on L&T’s intranet - PRAN Number & NPS contribution percent

Intranet path to update NPS PRAN details :

Covenanted & Above ssc.larsentoubro.com>>Payroll>>Tax Services>>Flexi Compensation

Supervisory, Executive & Trainee ssc.larsentoubro.com>>Payroll>>Tax Services>>Flexi Declaration
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RIB (Internet Banking) Process walkthrough - 1

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L & T Ltd.

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iMobile Process walkthrough - 1

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iMobile Process walkthrough - 3

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iMobile Process walkthrough - 5

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Thank you
 NPS Account Opening Process

Step 1:

Visit
https://mynps.nsdl.com/myNPS/NationalPensionSystem.html?appType=main&authId=TjRV
UmNwRkU4V3RlYUx5aVJDSU5FQT09 and click on Registration
Step 2:

Please fill in your Aadhar Details for Online Subscriber Registration

Step 3:

For uploading Aadhaar Offline e-KYC XML File, click on the Click here link provided in the
red text as highlighted below.

Note: Please do not close the ICICI Bank mynps page.

Step 4:

Click on Login to access the login page.

Step 5:

1. Enter your 16-Digit Aadhar number along with the captcha. Click on send OTP.
2. Enter the OTP received.
Step 6:

After logging in, the Aadhaar dashboard will be visible. Click on Offline eKYC.

Step 7:

To Download Offline eKYC document you will have to create a code known as the share
code. This code will act as a password for your eKYC file
Step 8:

On successful creation of share code, you will be allowed to Download the zip folder. The
password to access the zip file is the share code.

Step 9:

Once your Aadhaar eKYC is generated, go back to the ICICI Bank myNPS registration
page. Upload your online generated Aadhaar eKYC and provide consent by ticking on the
pop-up
Step 10:

Please fill in the rest of the details and click on Continue.

Step 11:

On successful completion of the above steps, you will be able to register yourself as an
NPS subscriber.

Please fill in your subscriber registration details such as Personal details, Contact details ,
Bank and allied details, Scheme nomination details and necessary uploading of
Documents.
Step 12:

Once all the personal details are successfully provided, you can generate an
Acknowledgement number. Please save this number for future use.

Step 13:

Please click on OK
Step 14:

Fill in the rest of your details. In case of network issues, you will be able to complete your
pending registration with the help of the generated acknowledgement.

Step 15:

Please click on Save and Proceed

Step 13:

Please fill in your Bank and other details

Step 14:

Please select your Scheme & Nomination Details and click on Save and Proceed
Step 15:

Please upload the following documents:

1) Scanned copy of PAN Card

2) Scanned copy of Cancelled cheque

Once uploaded, click on Upload

Step 16:

Please upload your Signature

Step 17:

Confirm the Declaration and generate your PRAN number

Step 18:

Congratulations! You have successfully completed all the formalities.

Thank You!!!
Sr No Detailed Address Location L&T SPOC IPRU SPOC Name SPOC Contact No SPOC Email ID ICICI KAM ID KAM Name Contact Number Email ID KRH ID KRH Name/CH/ZH Name Email ID
L&T,
12/4, Delhi-Mathura Road, Near Sarai Metro Station,
1 Faridabad Mr. Sitanshu Rai 7905911013 [email protected] 226689 Ashwani Sharma +91 9643304717 [email protected] 100320 Amrita Bedi [email protected]
Faridabad (around 800+ employees including Tower I
& Tower II)
L&T PSD, Delhi-Rohtak Rd., NH-10, Jakhoda,
2 Delhi Mr. Dinesh Kumar 7830184684 [email protected] 412878 Dheeraj Kheterpal 7428230198 [email protected] 431922 Sanidhya Sindhwani [email protected]
Bahudurgarh, Jhajjar (around 60 employees)
L&T Mr. Rajeev Kumar NS
3 32, Shivaji Marg, Motinagar, Delhi Delhi Mr. Dinesh Kumar 7830184684 [email protected] 412878 Dheeraj Kheterpal 7428230198 [email protected] 431922 Sanidhya Sindhwani [email protected]
(around 155 employees including LTIM) 917838727257
L&T, Corporate Office, 9th floor, Ambadeep, KG
4 Delhi Mr. Dinesh Kumar 7830184684 [email protected] 326251 Avtar Singh 8527390491 [email protected] TBI TBI TBI
Marg, New Delhi (around 25 Nos. employees)
L&T Railway Busines, 8th floor, Vatika Minds, Near
Sarai Metro station, Faridabad. (around 325
5 Faridabad Mr. Sitanshu Rai 7905911013 [email protected] 226689 Ashwani Sharma +91 9643304717 [email protected] 100320 Amrita Bedi [email protected]
employees – planning to shift Faridabad Campus by
1st May’23.)
Larsen & Toubro Limited
L&T House, Ballard Estate
P. O. Box: 278,
Mumbai 400 001
6 Mumbai Mahesh Kocharekar Ms. Pooja Rai 8281250192 [email protected] 181290 Devidas Buchake 9930064270 [email protected] 195296 Devratan Sharma [email protected]
India

Ms Bibin : +91-9960480846

L&T AM Naik Tower, L&T Campus, Gate No 3, JVLR

Powai, Mumbai 400072
7 Mumbai Mahesh Kocharekar Ms. Pooja Rai 8281250192 [email protected] 181290 Devidas Buchake 9930064270 [email protected] 195296 Devratan Sharma [email protected]
Maheh Kocharekar - +91-8879395216
L&T Gate No1, Powai Saki Vihar Road, Mumbai
400072
8 Mumbai Keerti Uchil Ms. Pooja Rai 8281250192 [email protected] 181290 Devidas Buchake 9930064270 [email protected] 195296 Devratan Sharma [email protected]
Only Defence Kirti Uchil - +91 - 99201 46565
Transportation Infrastructure IC
Landmark Building, A & B Wing,
Suren Road, Off Andheri Kurla Road,
9 Andheri East Mumbai Bharat Agrawal Ms. Pooja Rai 8281250192 [email protected] 181290 Devidas Buchake 9930064270 [email protected] 195296 Devratan Sharma [email protected]

Mr. Bharat Agrawal,

Mob. No. 91111 01822
L&T Talegaon
A5, 7, 8, 10 & 11, MIDC Talegaon Village Navlakh
10 Umbre, Taluka Maval, Pune 410 507, INDIA Talegaon Vilas Pawar Mr. Adarsh Kumar 7420003726 [email protected] 195065 Dinesh Chavan +91 7875756619 +91 7875756619 184964 Meenakshi Jaini [email protected]

Mr. Vilas Pawar – 95613 55485

LARSEN & TOUBRO LTD, SHARED SERVICES
CENTRE (SSC), KRISLON HOUSE,OFF SAKI
11 VIHAR ROAD,, 400072 Mumbai Santosh Samant Ms. Pooja Rai 8281250192 [email protected] 181290 Devidas Buchake 9930064270 [email protected] 195296 Devratan Sharma [email protected]

Not Required
HR Dept., L&T Energy-Power, 2nd Floor, Corporate
Block, L&T Knowledge City, Ajwa-Waghodia Road,
12 VADODARA Ritesh Thakkar 9825204062 Mr. Vinay Panchal 8128488476 [email protected] 873075 Jaspal Singh Chauhan 9925023680 [email protected] 146259 Rahul Singhal [email protected]
[email protected]: Ritesh
Thakkar 9825204062
HR Dept., L&T Heavy Engineering, 101, GIDC
Ranoli, Dist.
13 [email protected]: RANOLI,VADODARA Neha Vihol 8126881106 Mr. Vinay Panchal 8128488476 [email protected] 873075 Jaspal Singh Chauhan 9925023680 [email protected] 146259 Rahul Singhal [email protected]

Neha Vihol 8126881106

HR Dept., L&T Energy-Hydrocarbon, 1st Floor, West
Block, L&T Knowledge City, Ajwa-Waghodia Road,
14 Vadodara VADODARA Yet to receive the contact Mr. Vinay Panchal 8128488476 [email protected] 873075 Jaspal Singh Chauhan 9925023680 [email protected] 146259 Rahul Singhal [email protected]

(Contacts yet to receive)

HR Dept., Green Energy Business, 3rd Floor,
Corporate Block, L&T Knowledge City, Ajwa-
15 Waghodia Road, Vadodara VADODARA Ujjwal : 9620960175 Mr. Vinay Panchal 8128488476 [email protected] 873075 Jaspal Singh Chauhan 9925023680 [email protected] 146259 Rahul Singhal [email protected]

Ujjwal : 9620960175
Larsen & Toubro Ltd
Transportation Infrastructure
C6 Package – MAHSR, TFL Office,
6th Floor, LILLERIA 1038
Gotri – Sevasi Road,
16 VADODARA Sanjoy Roy 9940029398 Mr. Vinay Panchal 8128488476 [email protected] 873075 Jaspal Singh Chauhan 9925023680 [email protected] 146259 Rahul Singhal [email protected]
New Alkapuri, Laxmipura
Vadodara – 390021
GUJARAT STATE [email protected]:

Sanjoy Roy 9940029398

L&T Construction
P.B, No.979, Mount Poonamallee Road
Manapakkam, Chennai
17 Tamil Nadu 600089 CHENNAI P Srinivas : 9444398266 Mr. Ravender N 8122043020 [email protected] 431013 Vishnu A +91 7823950847 [email protected] 171258 Uday P [email protected]
Ph: 044 2252 6000

P Srinivas : 9444398266
L&T Shipbuilding
Kattupalli Road, Kattupalli Village
Ponneri taluk, Thiruvallur District, Thiruvallur
18 Tamil Nadu 600120 Kattupalli Shrikant : 9787392777 Mr. Ravender N 8122043020 [email protected] 431013 Vishnu A +91 7823950847 [email protected] 171258 Uday P [email protected]
Ph: 044 3346 400

Shrikant : 9787392777
L&T EWL Kanchipuram
303/3 Nirvaloor village, NH-4, Bangalore highway
Opposite to reliance petrol pump, Kanchipuram
19 Kanchipuram Ph: 97445418445 Mr. Ravender N 8122043020 [email protected] 431013 Vishnu A +91 7823950847 [email protected] 171258 Uday P [email protected]
Tamil Nadu 631561

Ph: 97445418445
Sr No Detailed Address Location L&T SPOC IPRU SPOC Name SPOC Contact No SPOC Email ID ICICI KAM ID KAM Name Contact Number Email ID KRH ID KRH Name/CH/ZH Name Email ID
L&T Construction
P.B, No.979, Mount Poonamallee Road
Manapakkam, Chennai
20 Tamil Nadu 600089 CHENNAI P Srinivas : 9444398266 Mr. Ravender N 8122043020 [email protected] 431013 Vishnu A +91 7823950847 [email protected] 171258 Uday P [email protected]
Ph: 044 2252 6000

P Srinivas : 9444398266
L&T Shipbuilding
Kattupalli Road, Kattupalli Village
Ponneri taluk, Thiruvallur District, Thiruvallur
21 Tamil Nadu 600120 CHENNAI Shrikant : 9787392777 Mr. Ravender N 8122043020 [email protected] 431013 Vishnu A +91 7823950847 [email protected] 171258 Uday P [email protected]
Ph: 044 3346 400

Shrikant : 9787392777
L&T EWL Kanchipuram
303/3 Nirvaloor village, NH-4, Bangalore highway
Opposite to reliance petrol pump, Kanchipuram
22 Kanchipuram 97445418445 Ms. Sirisha Yadla 9380385271 [email protected] 431013 Vishnu A +91 7823950847 [email protected] 171258 Uday P [email protected]
Tamil Nadu 631561

Ph: 97445418445
Contact Person: JAGANMOHAN P MANAGER – HR
& IR L&T CONSTRUCTION EQUIPMENT
LIMITEDSURVEY NO.27 & 28, JAGANMOHAN P MANAGER –
23 Bangalore Ms. Ashwini O 9742210224 [email protected] 168372 Anup Chandran +91 8971977113 [email protected] 133387 Harish K [email protected]
THAMMASHETTIHALLIRAGHUNATHPURA,DODDA HR & IR +91 9886987111
BALLPURA TALUKBENGALURU RURAL – 561203:
+91 9886987111
Mukul JhaHuman ResourcesLarsen & Toubro
Ltd.2nd Floor,Lakshminarayan Complex10/1,palace
24 Bangalore Mukul Jha-9585661421 Ms. Ashwini O 9742210224 [email protected] 168372 Anup Chandran +91 8971977113 [email protected] 133387 Harish K [email protected]
RoadBangalore 560052Next to Hotel Shangri-
la/Mount Carmel College 9585661421
Mr SunderRajanHuman ResourcesL&T Rubber
Processing MachineryChennai – Bangalore
25 Kanchipuram 97445418445 Ms. Sirisha Yadla 9380385271 [email protected] 431013 Vishnu A +91 7823950847 [email protected] 171258 Uday P [email protected]
HighwayVedal,Kanchipuram – 631 561Tamil Nadu
95512 84531
Daisy Mary67, Appusamy Layout Rd, opp. Nirmala
26 College, Red Fields, Puliakulam, Coimbatore, Tamil Coimbatore Daisy Mary -90470 91510 Ms. Ashwini O 9742210224 [email protected] 316943 Vigneshkumar R 999441282 [email protected] 229784 Senthil Kumar [email protected]
Nadu 641045Mob : 90470 91510
Larsen & Toubro Limited, Godrej Waterside Building, Bandana Khanna
27 DP Block, Tower 2, 10th floor. Salt Lake, Sector – V, Kolkata Mobile :- +91 9831036434 Mr. Pritam Banerjee 7003752863 [email protected] 319543 Somnath Paul +91 9830018068 [email protected] 156749 Imran Ahmed [email protected]
Kolkata - 700091 Direct : - 033-66353407