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Axis Bank PPT Case Study

The document provides an overview of the National Pension System (NPS) at Axis Bank, highlighting its benefits, features, and the differences between European and Indian NPS. Key features include tax benefits, mandatory Tier I accounts, and investment options. It contrasts the structure and governance of European pension schemes with the Indian NPS, emphasizing the regulatory framework and portability options.

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Sonu Sanjay Pandit
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52 views3 pages

Axis Bank PPT Case Study

The document provides an overview of the National Pension System (NPS) at Axis Bank, highlighting its benefits, features, and the differences between European and Indian NPS. Key features include tax benefits, mandatory Tier I accounts, and investment options. It contrasts the structure and governance of European pension schemes with the Indian NPS, emphasizing the regulatory framework and portability options.

Uploaded by

Sonu Sanjay Pandit
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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SLIDE 1: ABOUT NPS AT AXIS BANK

SLIDE 2: DIFFERENCE BETWEEN EUROPEAN NPS AND NPS AT


AXIS
Researched Presentation by: Sonu Sanjay Pandit
TOPIC: ABOUT NPS AT AXIS BANK
BENEFITS OF NPS AT AXIS: FEATURES OF NPS AT AXIS
 REGISTERED UNDER [PFRDA]
 NPS account earns you tax benefits  There would be two account choices
 which you would have – Tier I and Tier
Investments up to Rs.1.5 lakhs are allowed
II accounts. A Tier I account would be
as a deduction from taxable income under
Section 80CCD (1). compulsory and you would have to
open it to subscribe to the NPS
 claim an additional deduction under Section scheme. Tier-II account is voluntary
80 CCD (1B). and you can open it if you want.
 on the maturity of the scheme, 60% of the
 You would have to regularly invest in
corpus, which you can withdraw in a lump
sum, would be tax-free in your hands. the scheme, every financial year, till
you reach 70 years of age

 There would be a minimum deposit


required to open an account of NPS in
Axis Bank. This amount would be
Rs.500 for Tier I and Rs.1000 for Tier II.

 You would be given a choice of two


investment modes – Active Choice and
Auto Choice.

 When opening an Axis Bank NPS


account, you would have to choose the
desired NPS fund manager.
TOPIC: DIFFERENCE BETWEEN EUROPEAN NPS AND NPS AT AXIS
EU PENSION SCHEMES AND ITS FEATURES
EU NPS INDIAN NPS
Structure and Coverage: Funding Mechanisms: Regulation and Governance: Portability and Flexibility:
European national pension schemes often European national pension schemes European national pension schemes European national pension
consist of a mix of publicly funded, social often operate on a pay-as-you-go are governed by EU governments. schemes may offer portability
security-based pension systems and (PAYG) basis, where current workers' These authorities oversee aspects options for individuals who
mandatory or voluntary occupational pension contributions fund the pensions of such as contribution rates, benefit move between European
schemes. current retirees. levels, and investment guidelines. countries.

Approval Transfer
Download
Authorization On Enjoy
Retirement cash

INDIAN NATIONAL PENSION SCHEMES

Indian pension schemes, such as the National Indian pension schemes like the NPS Indian pension schemes are regulated Indian pension schemes like
Pension System (NPS), are primarily voluntary, operate on a defined contribution by bodies like the PFRDA, which set the NPS offer portability in
contributory schemes managed by regulatory basis, where contributions from both rules and regulations for pension funds, country, subscribers to
bodies like the Pension Fund Regulatory and employers and employees are pension schemes, and intermediaries maintain their accounts
Development Authority (PFRDA). invested in market-linked instruments. involved in pension administration. even if they change jobs

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