How can I open an NPS account with RBL Bank?

You can open an NPS account with RBL Bank either by visiting a branch or through the online process. To open an NPS account online, you need to provide your PAN, Aadhaar, or mobile-linked Aadhaar details. For new users, the NPS account opening process involves registering with a Permanent Retirement Account Number (PRAN) and completing KYC.

What is the current interest rate for the NPS scheme?

The NPS current interest rate varies based on the fund manager and the type of fund (equity, government bonds, or corporate bonds). While there is no fixed interest rate in NPS, returns are market-linked and generally range between 8%â10%, making it a viable long-term investment option.

How can I log in to my NPS account?

To access your NPS account, visit the official NPS portal and use the NPS login with PRAN option. Enter your PRAN and password to complete the NPS online login. If you have forgotten your credentials, you can reset them through the website or the RBL Bank NPS portal.

Is there an NPS pension calculator to estimate retirement benefits?

Yes, the NPS calculator and NPS pension calculator are available online to help estimate your retirement corpus and monthly pension. By entering details like age, contributions, and expected returns, you can calculate potential benefits and plan your retirement better.

RBL Bank National Pension Scheme

Retirement planning is an essential aspect of financial security, ensuring a comfortable and worry-free post-retirement life. Among various retirement plans available in India, the National Pension System (NPS) stands out as one of the most preferred options. Designed to help individuals systematically build wealth for their golden years, RBL Bank offers a reliable platform to subscribe to the NPS.

Peaceful Post-Retirement Life
Tax Free Regular Income
Wealth Generation to beat Inflation

We are rated^~

7.7 Crore

Registered Consumer

Insurance Partners

4.2 Crore

Policies Sold

Invest ₹6,000/month & Get Tax Free Monthly Pension of ₹60,000

Get the best returns & make the most of your golden years

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+91

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We are rated^~

7.7 Crore

Registered Consumer

Insurance Partners

4.2 Crore

Policies Sold

Disclaimer: ##Rs 60,000 are the monthly pension amounts at the assumed rate of return of 8% p.a. and 4% p.a. for unit linked insurance plans. This is an illustrative example and the returns are not guaranteed & dependent on the policy term and premium term availed along with the other variable factors. The market linked return of 60K per month is for an 18 year old investing 6k per month for 20 years in a whole life policy having policy term 82 years in which Systematic partial withdrawals start at the age of 65 years at 5% rate of withdrawal per year. The investment risk in the policy is borne by the policyholder. All Plans listed here are of insurance companies’ funds. *Tax benefits and savings are subject to changes in tax laws. All Plans listed here are of insurance companies’ funds. Disclaimer: #The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CAGR 8%; ₹50,45,591 @ CAGR 4%. *Tax benefits and savings are subject to changes in tax laws. All plans listed here are of insurance companies’ funds.

Fund Name

AUM

NAV

Returns (in %)

3 Year

5 Year

10 Year

Max Life High Growth Fund

AUM:8,243 Cr

8,243 Cr

NAV

120.7

-0.87%

Returns

27.73%

Returns

31.47%

Highest Return

Returns

19.3%

Get Details

Bajaj Allianz Accelerator Mid-Cap Fund II

AUM:6,109 Cr

6,109 Cr

NAV

86.97

-0.35%

Returns

20.48%

Returns

22.28%

Highest Return

Returns

15.61%

Get Details

HDFC Standard Opportunities Fund

AUM:38,633 Cr

38,633 Cr

NAV

78.45

-0.37%

Returns

18.47%

Returns

22.64%

Highest Return

Returns

15.48%

Get Details

Disclaimer:
†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in

RBL Bank National Pension Scheme (NPS) Details

The RBL National Pension System (NPS) is a retirement plan which includes a voluntary, government-sponsored retirement savings scheme introduced in 2004 for government employees and later extended to all eligible citizens in 2009.

Objective: To provide a steady income after retirement by encouraging disciplined, long-term investment.
Portfolio: Investments span treasury bills, government bonds, corporate bonds, and equities, professionally managed by fund managers.
Regulation: Administered by the Pension Fund Regulatory and Development Authority (PFRDA) under the PFRDA Act 2013.

RBL Bank is a PFRDA-appointed Point of Presence – Service Provider (PoP-SP), enabling individuals to subscribe to the NPS with ease.

RBL Bank NPS Calculator

Your Age

Years

18 Years 59 Years

Enter Your Age

Monthly Investment

₹

₹500 ₹10L

Enter Investment Per Month

Expected Return on Investment

5% 15%

Expected Return on Investment

Percentage of Corpus Allocated for Pension

40% 100%

Enter Corpus Percentage

Expected Return from Pension

5% 15%

Enter Annuity Return

₹0

Your Monthly Pension

₹0

Your Monthly Pension

Your Pension Calculation

Total Investment

Returns Earned

Maturity Amount

Maturity Amount split (Lumpsum & Pension)

60%

Lumpsum Amount

At the age of 60 Yrs

40%

Pension Wealth

At the age of 60 Yrs

Eligibility for RBL NPS Subscription

To subscribe to the NPS scheme through RBL Bank, you must meet the following criteria:

Age: Between 18 and 65 years.
KYC Compliance: Fulfillment of Know Your Customer (KYC) requirements.

Subscription to NPS Scheme in RBL

The NPS offers two types of accounts for subscription:

Tier I Account

Mandatory account for availing NPS benefits.
Requires a minimum initial contribution of ₹500.
Contributions help build a retirement corpus, with partial withdrawal permitted at retirement (age 60) and the remaining amount used for annuity payouts.
Features eight fund options and flexibility between Active Choice (self-managed) and Auto Choice (age-based allocation).

Tier II Account

Voluntary account, available only if you hold a NPS Tier I account.
Minimum investment: ₹1,000 initially and ₹250 for subsequent contributions.
Provides greater flexibility in investments and withdrawals.

How to Subscribe to NPS in RBL?

Follow these steps to subscribe to the NPS scheme through RBL Bank:

Obtain the Subscriber Registration Form: Visit the nearest RBL branch or download the form from RBL Bank’s website.
Fill the Form: Include personal, identity, address, bank, and nomination details.
Choose Investment Options: Select between Tier I and NPS Tier II accounts, fund allocation, and investment mode (Active or Auto Choice).
Submit KYC Documents:
- Identity Proof: PAN, Aadhaar, Passport, Voter ID, etc.
- Address Proof: Aadhaar, Passport, Utility Bills, Registered Lease Agreement, etc.
Make Initial Contribution: Minimum ₹500 for Tier I or ₹1,500 for both Tier I and Tier II. A cancelled cheque is required for Tier II accounts.

Invest More Get More

Invest ₹10K/Month YOU GET ₹1.5 LAKHS^* MONTHLY PENSION View Plans

Invest ₹7K/Month YOU GET ₹1 LAKHS^* MONTHLY PENSION View Plans

Invest ₹5K/Month YOU GET ₹75 THOUSAND* MONTHLY PENSION View Plans

standard T&C Apply *

Pension Fund Selection and Investment Options

RBL NPS Retirement Plan subscribers can choose from eight pension fund managers:

SBI Pension Funds Pvt. Ltd.
LIC Pension Fund Ltd.
UTI Retirement Solutions Ltd.
Kotak Mahindra Pension Fund Ltd.
Reliance Capital Pension Fund Ltd.
HDFC Pension Management Co. Ltd.
Birla Sun Life Insurance Co. Ltd.
ICICI Prudential Pension Fund Management Co. Ltd.

Investment Options:

Active Choice: Distribute contributions across equity, corporate bonds, and gilt funds as per preference.
Auto Choice: Investments are age-adjusted across funds in a predefined ratio.

Why Choose RBL NPS?

RBL Bank simplifies the process of subscribing to the National Pension Scheme while offering cost-effective solutions. With flexibility, professional fund management, and government backing, the RBL NPS is a strategic step toward a financially secure retirement.

FAQs

How can I open an NPS account with RBL Bank?

You can open an NPS account with RBL Bank either by visiting a branch or through the online process. To open an NPS account online, you need to provide your PAN, Aadhaar, or mobile-linked Aadhaar details. For new users, the NPS account opening process involves registering with a Permanent Retirement Account Number (PRAN) and completing KYC.
What is the current interest rate for the NPS scheme?

The NPS current interest rate varies based on the fund manager and the type of fund (equity, government bonds, or corporate bonds). While there is no fixed interest rate in NPS, returns are market-linked and generally range between 8%–10%, making it a viable long-term investment option.
How can I log in to my NPS account?

To access your NPS account, visit the official NPS portal and use the NPS login with PRAN option. Enter your PRAN and password to complete the NPS online login. If you have forgotten your credentials, you can reset them through the website or the RBL Bank NPS portal.
Is there an NPS pension calculator to estimate retirement benefits?

Yes, the NPS calculator and NPS pension calculator are available online to help estimate your retirement corpus and monthly pension. By entering details like age, contributions, and expected returns, you can calculate potential benefits and plan your retirement better.

†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance plan.
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
+Returns Since Inception of LIC Growth Fund
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.