NCDP SCHEME

The New Pension Scheme will have two tiers- Tier-I and II.  Contribution to Tier-I is mandatory for all, whereas Tier-II will be optional and at the discretion of employees.

In  Tier-I is mandatory to all. The monthly contribution shall be 10% of Salary (BP+DP+DA) and matching contribution by employer in equal proportion.

Tier-I contributions will be kept in a  non-withdrawable Pension Tier-I Account.

Tier-II contributions will be kept in a separate account that will be withdrawable at the option of the employees. Employer’s will not make any contribution to Tier-II account   

NCDP SCHEME