Introducing National Pension System (NPS) on the MyWay Wealth app!
Now invest in NPS on the MyWay Wealth app and save more taxes!
We are glad to introduce a brand new product on the MyWay Wealth app – National Pension System. Now you can invest in NPS on the MyWay Wealth app without any paperwork in a completely digital manner!
Here are the benefits of NPS:
- Save taxes on additional Rs.50000 (on top of 1.5 ) investments exclusively in NPS.
- It is a low-cost investment option with extremely low fund management charges
- Unlike all current plans, NPS provides seamless portability across jobs and locations.
- NPS is controlled and regulated by PFRDA (Pension fund regulatory & development authority), with strict investment norms and routine performance reviews of pension fund managers.
Here is how NPS investments work on the MyWay Wealth app:
Open MyWay Wealth app -> Click on ‘National Pension System’ -> Enter Amount -> Select Pension fund house & asset allocation -> Make -> Submit documents
After you make the payment, it takes us 3 working days to generate your PRAN (Permanent retirement account number) and confirm your investment.
Please update the app and invest in NPS right now.
Note: At the moment, we only are catering customers who are new to NPS and don’t already hold a PRAN.
To know more about the NPS, click.
If you want to save Rs. 17000 in taxes this year, signup now to start investing: