Key facts
What the official sources publish
Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.
Account typesTier I and Tier IIView source
The official page lists the two account types.
- Source
- National Pension Scheme
- Page / section
- Introduction
- Accessed
- 21 Aug 2026
- Confidence
- high
One-time onboarding charge₹200; ₹100 may apply for fully digital onboardingView source
The official page states the standard and digital onboarding charges.
- Source
- National Pension Scheme
- Page / section
- Charge structure from 01.01.2026
- Accessed
- 21 Aug 2026
- Confidence
- high
Annual account charge0.20% p.a. of AUMView source
The official page states the annual charge.
- Source
- National Pension Scheme
- Page / section
- Charge structure from 01.01.2026
- Accessed
- 21 Aug 2026
- Confidence
- high
Section 80CCD(1) deductionUp to 10% of gross income within ₹1.5 lakh overall ceilingView source
The official page states the deduction and ceiling.
- Source
- National Pension Scheme
- Page / section
- Tax Benefits
- Accessed
- 21 Aug 2026
- Confidence
- high
NPS account structureNPS has Tier I (retirement savings, non-withdrawable) and Tier II (voluntary withdrawable savings; active Tier I required). Bank of Baroda is a PFRDA Point of Presence for All Citizen NPS and accepts Tier-I/Tier-II account opening and contributions.View source
The official Introduction and Account Opening sections publish the two account types, Bank role and online routes.
- Source
- National Pension Scheme
- Page / section
- Introduction / Account Opening
- Accessed
- 23 Aug 2026
- Confidence
- high
NPS eligibility and contributionsIndian citizens, NRIs and OCIs aged 18–70 can join; continuation is permitted up to age 75. Minimum annual Tier-I contribution is ₹1,000, subsequent Tier-I contribution ₹500 and Tier-II contribution ₹250; at least one contribution in a financial year is required to keep an account active. Partial withdrawal requires three years in NPS and is limited to 25% of the subscriber’s own contribution for permitted purposes.View source
The official eligibility and sections publish age, continuation, contribution and withdrawal rules.
- Source
- National Pension Scheme
- Page / section
- Who Can Subscribe /
- Accessed
- 23 Aug 2026
- Confidence
- high
NPS charges and tax deductionsFrom 1 January 2026, onboarding is ₹200 per new account (₹100 may apply for fully digital non-face-to-face onboarding) and annual charge is 0.20% p.a. of AUM, adjusted through NAV quarterly; GST/
The official charge table and tax sections publish effective date, onboarding, annual and deduction rules.
- Source
- National Pension Scheme
- Page / section
- Charge structure / Tax Benefits
- Accessed
- 23 Aug 2026
- Confidence
- high
Senior-citizen rateNot applicable — NPS does not publish a separate senior-citizen interest rate; returns depend on the selected pension-fund investments.View source
The official page describes market-linked returns and does not provide a senior-rate column.
- Source
- National Pension Scheme
- Page / section
- Features — investment returns
- Accessed
- 29 Aug 2026
- Confidence
- high
NPS accumulation termNPS has no fixed bank-deposit tenure; contributions continue until exit at the applicable retirement/exit stage under PFRDA rules, with annuity purchase and permitted lump-sum withdrawal at exit.View source
The official page describes contributions and exit rules rather than a fixed deposit maturity date.
- Source
- National Pension Scheme
- Page / section
- Features / withdrawal and exit
- Accessed
- 29 Aug 2026
- Confidence
- high
ReturnNPS returns are market-linked and not a fixed interest rate; the reviewed Bank of Baroda page does not publish a guaranteed percentage.View source
The official description does not promise a fixed deposit interest rate.
- Source
- National Pension Scheme
- Page / section
- Features — returns / investment choice
- Accessed
- 29 Aug 2026
- Confidence
- high
ContributionThe Bank of Baroda page does not publish a single universal minimum contribution for every NPS channel; contribution and account-opening minimums follow the applicable NPS/PoP process.View source
The reviewed official page explains account access but does not state one universal minimum amount.
- Source
- National Pension Scheme
- Page / section
- Features / account opening
- Accessed
- 29 Aug 2026
- Confidence
- high
Partial withdrawal / exitPartial withdrawal and premature exit are permitted only under NPS/PFRDA conditions; the Bank of Baroda page does not publish a separate penalty percentage.View source
The page points to scheme exit and withdrawal conditions rather than a bank premature-closure charge.
- Source
- National Pension Scheme
- Page / section
- Features / withdrawal and exit
- Accessed
- 29 Aug 2026
- Confidence
- high
Exit payoutAt exit, NPS provides a permitted lump-sum withdrawal and requires the balance specified by NPS rules to purchase an annuity; the annuity then pays pension income.View source
The official page describes exit as a combination of lump sum and annuity purchase under scheme rules.
- Source
- National Pension Scheme
- Page / section
- Features / exit options
- Accessed
- 29 Aug 2026
- Confidence
- high
Eligibility
- Indian citizens, and aged 18–70 can join
- continuation is permitted up to age 75. Minimum annual Tier-I contribution is ₹1,000, subsequent Tier-I contribution ₹500 and Tier-II contribution ₹250
- at least one contribution in a financial year is required to keep an account active. Partial withdrawal requires three years in and is limited to 25% of the subscriber’s own contribution for permitted purposes.
Passing a listed condition does not mean the bank will approve an application.
Related official documents
Bank of Baroda government schemes and deposit product pagesofficial-product-pages · current · accessed 29 Aug 2026
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