[Beta] Introducing National Pension Scheme (NPS)

[Karthik_Ragu]

When can we expect to transfer existing NPS accounts? Any tentative timeline?

[Meher_Smaran]

Hi @Roby @ranton137 @Chetan_Nahata @Karthik_Ragu

We are unable to do this is because of limitations with the CRAs.

We have figured out a solution but it will take some time.

[gumdal]

This is interesting, so does this mean I can pledge my NPS holdings for collateral the way I do for mutual funds @Bhuvan? Thanks for this!

[Meher_Smaran]

Hi @GuestTrader

@GuestTrader

is it possible to invest via credit card in nps via zerodha?

At Zerodha, client cannot invest via credit card.

@GuestTrader

If not possible can we login to nps website and invest in nps (created from zerodha account) as it has option to purchase via credit card.

if the CRA website allows it, Yes, you can purchase

Disclaimer: Please manage the risks associated with credit card purchases carefully

[Bhuvan]

@gumdal

This is interesting, so does this mean I can pledge my NPS holdings for collateral the way I do for mutual funds @Bhuvan? Thanks for this!

Nope, not possible. NPS is a separate architecture altogether regulated by PFRDA and not SEBI.

[Nandu_Reddy]

CAN I MOVE MY NPS SUBSCRIBER TO THE COIN

@Bhuvan

@gumdal

This is interesting, so does this mean I can pledge my NPS holdings for collateral the way I do for mutual funds @Bhuvan? Thanks for this!

Nope, not possible. NPS is a separate architecture altogether regulated by PFRDA and not SEBI.

[Meher_Smaran]

Hi @Nandu_Reddy

Not currently. But we’re working on making this possible.

[Beta] Introducing National Pension Scheme (NPS)

Hi @Roby @ranton137 @Chetan_Nahata @Karthik_Ragu We are unable to do this is because of limitations with the CRAs. We have figured out a solution but it will take some time.

[Vinoth_Kannan]

Any timeline.

[Paritosh_Agrawal]

How to see combined portfolio on the Coin app? Only on Coin Web, when I select NPS from the drop down, I can see NPS details. That option is not even available on the Coin app.

I recently created NPS with Zerodha with super high hopes to see the portfolio combined with my mutual funds, but I dont see that yet.

[Private]

@Bhuvan

Tier 2: This has no lock-in, you can invest and withdraw anytime you want to, similar to mutual funds. We aren’t offering this to start with.

when does Tier 2 option will be available ?

[Meher_Smaran]

Hi @Paritosh_Agrawal

This is currently work in progress and will be launched soon on the app. Hopefully by end of August or even earlier.

[Satyakam_Chaudhary]

Is tier 2 NPS considered in 80C ? I read somewhere it’s not.

[Meher_Smaran]

That’s right. Tier 2 NPS is not considered in tax benefits under section 80C

[Private]

can we invest lump sum in NPS tier 1 or it is like SIP ?

[Meher_Smaran]

@Private

can we invest lump sum in NPS tier 1

You can invest through SIP route or Lump sum in NPS

[Krishna27]

Where will we get investment proof(like certificate) if we invest through coin?

[Bhuvan]

@Krishna27

Where will we get investment proof(like certificate) if we invest through coin?

The CRAs will send you an email and statement for all your investments.

[Paritosh_Agrawal]

Just checking in. Its the last day of Aug and still no consolidated portfolio

[Krishna_R]

How do I create a sip for NPS (created in zerodha). I only see option to “pay now”. No options to create a SIP. Please clarify how to do it. Link to any article explaining it is fine too .

[Bhuvan]

@Krishna_R

How do I create a sip for NPS (created in zerodha). I only see option to “pay now”. No options to create a SIP. Please clarify how to do it. Link to any article explaining it is fine too .

We haven’t yet integrated mandates due to some technical limitations. We are working on this, for now you’ll have to make lumpsum investmens essentailly.