You cannot invest directly in Corporate NPS through Zerodha. However, Zerodha has partnered with Pension Box, a PFRDA-registered pension agent, to provide Corporate NPS solutions for employers and employees.
What is Corporate NPS?
Corporate NPS is an employer-sponsored retirement savings scheme where organisations can enrol their employees in the National Pension System. Under this model:
- Employers can contribute to their employees' NPS accounts
- Employees also contribute through salary deductions
- Both contributions are eligible for tax benefits under Section 80C and 80CCD
How to get started with Corporate NPS through Pension Box
Step 1: Employer enrolment
Your employer must first get enrolled and empanelled with Pension Box. Your organisation needs to:
- Register on the Pension Box platform.
- Complete the corporate onboarding process.
- Set up contribution structures and policies.
Step 2: Employee enrolment
Once your employer registers with Pension Box:
- You can be enrolled in the Corporate NPS scheme.
- Pension Box will create individual NPS accounts for each participating employee.
- You can set up contribution deductions through payroll.
Step 3: Start investing
After successful enrolment:
- Regular contributions will be deducted from your salary as per the agreed structure.
- Employer contributions (if any) will be added to your NPS account.
- Your investments will be allocated based on your chosen asset allocation strategy.
Key benefits of Corporate NPS
- Tax savings: Your contributions are eligible for deductions under Section 80C (₹1.5 lakh) and 80CCD (additional ₹50,000)
- Employer contribution: You build an additional retirement corpus through employer contributions
- Flexibility: You can choose between auto choice and active choice asset allocation
- Portability: Your NPS account remains with you even when you change jobs
If your employer is interested in setting up Corporate NPS for employees, they should directly contact Pension Box through their corporate portal. Explore Corporate NPS offerings and initiate the enrolment process through Pension Box.
Did you know? Even if your employer doesn't offer Corporate NPS, you can still open an individual NPS account with Zerodha and enjoy the same tax benefits and investment options.