Chemslife Financial Services is one of the leading and well-diversified financial services companies in India offering services across brokerage (across the asset classes of equities (cash and derivatives), commodities and currency), investment banking, wealth management, distribution of third party financial products, research, financing, depository services, insurance broking and clearing services to corporate, institutional, high net worth individuals and other retail clients.
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- 1/137, 1/136 Second Floor, Mainroad East Street, <br>Velukkudi, Thiruvarur (Dt), Tamilnadu, 610 102.
- chemslifeoffice@gmail.com
- +91 95971 79325
- Monday to Friday: 9am to 6pm
- Velukkudi, Thiruvarur (Dt), Tamilnadu, 610 102.
- Support +91 95971 79325
National Pension System
Chemslife Financial Services
National Pension System
NPS is an initiative undertaken by the Government of India, which seeks to provide retirement benefits to all citizens of India, even from the unorganized sectors. Regulated and administered by the PFRDA or Pension Fund Regulatory and Development Authority under the PFRDA Act 2013, NPS is a defined, voluntary contribution scheme that is market-linked and managed by professional fund managers.
Types of NPS account:
Tier I Account: This account carries a tax deduction under Section 80C up to Rs 1.5 lakh per annum and an additional amount up to Rs 50,000 per annum under Section 80CCD (1B).
Tier II Account: This is a voluntary retirement-cum-savings account that can be opened only if you have a Tier I account. Subscribers are free to invest or withdraw their funds anytime according to their convenience. This account has no tax deductions, for private sector employees or self-employed persons.
Eligible:
All individual citizen of India (both resident and Non-resident) in the age group of 18-65 years (as on the date of submission of NPS application) can join NPS.
Benefits:
It is voluntary – A Subscriber can contribute at any point of time in a Financial Year and also change the amount he wants to set aside and save every year.
It is flexible – Subscribers can choose their own investment options and pension fund and see their money grow.
