Start saving for your future by enrolling in the National Pension System

National Pension System (NPS) is a pension-cum-investment scheme launched by the Government of India to provide old-age security and pension benefits to all citizens of India. It brings an attractive long-term savings avenue to help you effectively plan your retirement through safe and regulated market-based returns. The scheme is regulated by the Pension Fund Regulatory and Development Authority (PFRDA).

Under the NPS corporate model, you get the following tax benefits on your contributions to your NPS account:

  • Investment of up to 10% of your basic salary routed through Adobe is deductible from your taxable income u/s 80CCD (2) of Income Tax Act, 1961, which is over and above Rs. 1.5 lakhs limit of section 80C.
  • Investment of up to Rs. 50,000 made as an individual is deductible from your taxable income u/s 80CCD (1B) of Income Tax Act, 1961.

How to enroll

To enroll, follow these steps:

  1. Visit the National Pension System Trust site and enroll in NPS.
    • New NPS account: Complete the subscriber registration form.
    • Existing NPS Account: Complete the Subscriber Shifting Form (ISS-1) and submit it to an HDFC Bank representative at your campus.
  2. Declare your contribution on Excelity.
    • Once the PRAN has been generated, you can declare your contribution percentage (up to 10% of your basic salary) on Excelity. The portal will be open for declaration during the first 10 days of the month in November 2019, December 2019 and January 2020.
  3. The contributions will be effective starting with the November 2019 payroll. Each month, the same percentage of your salary will be deducted as a contribution towards NPS. The deduction will be made from the conveyance allowance, which is otherwise a taxable component of your salary.
  4. HDFC will charge Rs. 75/- (+ 18% GST) as a one-time account-opening charge. There will be a charge of 0.10% of the contribution amount subject to a minimum of Rs. 20/- per transaction. If you already have an NPS account, there will be no account-opening charge.

For more detailed instructions, review the NPS Enrollment Steps [PDF].

Learn more

We have partnered with HDFC Bank to help you with the enrollment process and to manage your questions. Watch for an invitation to the HDFC training sessions containing more details.

Date Time
15 October, 2019 2–3 pm
15 October, 2019 6:30–7:30 pm
18 October, 2019 11:30 am–12:30 pm
18 October, 2019 4:30–5:30 pm

An HDFC helpdesk will be set up at the reception areas of all sites starting in November.


Noida 132
Bangalore PTP

Tuesday, Wednesday, Friday

12–3 pm

Noida 25A
Bangalore PTC

Tuesday, Wednesday, Friday

4–7 pm


For more in-depth information, please review the NPS Overview [PDF] and NPS FAQs [PDF]. There are also many videos you can watch [XLSX] to learn more about NPS.

For queries about NPS, email HDFC.