About NPS Trust
The National Pension System is a voluntary defined contribution pension system in India. National Pension System, like PPF and EPF, is an EEE instrument in India where the entire corpus escapes tax at maturity and the entire pension withdrawal amount is tax-free.
PFRDA (Pension Fund Regulatory and Development Authority) has established the NPS Trust under Indian Trusts Act, 1882, and appointed the NPS Board of Trustees under whom the administration of NPS vests under Indian Law. The Trust is responsible for taking care of funds under NPS. The Trust holds an account with Axis Bank and this bank is designated as Trustee Bank.
Eligibility
- Officer Grade A – Assistant Manager:
- Qualifications (Any of the following): Master’s Degree in any discipline, Bachelor’s Degree in Law, Bachelor’s Degree in Engineering from a recognized university, CA, CFA, CS, CWA.
- Upper Age Limit: 30 years
- Officer Grade B – Manager:
- Qualifications (Any of the following): Master’s Degree in any discipline, Bachelor’s Degree in Law, Bachelor’s Degree in Engineering from a recognized university, CA, CFA, CS, CWA.
- Upper Age Limit: 30 years
- Other Requirement: Candidates are expected to be computer literate and conversant with MS–Office (Word and Excel) applications.
- Candidates who have appeared for the final examinations and waiting for the results are eligible to appear in
the selection process. However, the offer to join NPS Trust to the selected candidates shall be subject to the production
of necessary documents evidencing successfully obtaining the requisite qualification.
Note: Refer to Point 10 in the official advertisement to learn about the age relaxation criteria.
Selection Process
- Officer Grade A – Assistant Manager:
- Mode of selection shall be a two-stage process i.e. Phase I (on-line examination), Phase II (Group Discussion and Interview).
- On fulfilling the criteria of minimum cut-off marks, candidates will be shortlisted based on aggregate marks obtained in Phase-I.
- Officer Grade B – Manager:
- Mode of selection shall be a three-stage process i.e. Phase I (on-line screening examination), Phase II (on-line examination consisting of two papers of 100 marks each), and Phase III (Interview).
Remuneration
- Officer Grade A – Assistant Manager:
- The pay scale of Officers in Grade A is Rs.28150-1550(4)-34350-1750(7)-46600-EB-1750(4)-53600-
2000(1)-55600 (17 years). Presently, the gross emolument includes NPS Trust’s contribution towards
National Pension System (NPS), Grade Allowance, Special Allowance, Dearness Allowance, Local
Compensatory Allowance and Housing Allowance. - CTC: Total CTC consisting of Pay and Benefits for the post of Officer Grade A at the beginning of scale
of pay would be approx. Rs. 18 Lac per annum.
- The pay scale of Officers in Grade A is Rs.28150-1550(4)-34350-1750(7)-46600-EB-1750(4)-53600-
- Officer Grade B – Manager:
- The pay scale of Officers in Grade B is Rs.35150-1750(9)-50900-EB 1750(2)-54400-2000(4)-62400
(16 years). Presently, the gross emolument includes NPS Trust’s contribution towards National Pension
System (NPS), Grade Allowance, Special Allowance, Dearness Allowance, Local Compensatory
Allowance and Housing Allowance. - CTC: Total CTC consisting of Pay and Benefits for the post of Officer Grade B at the beginning of scale of
pay would be approx. Rs. 21 Lac per annum.
- The pay scale of Officers in Grade B is Rs.35150-1750(9)-50900-EB 1750(2)-54400-2000(4)-62400
Application Fee
- Unreserved, EWS & OBC: Rs. 1,000/-
- SC/ST/PwBD/Women: NIL
Note: Separate on-line application for each post/stream will have to be made with requisite fee for each application to be paid as well.
Pre-Exam Training for SC/ST/PWBD/OBC/EWS candidates
NPS Trust will arrange pre-examination training for SC/ST/PwBD/OBC/EWS candidates depending on the
a minimum number of applicants as decided by NPST, free of cost at New Delhi. Candidates who desire to avail of the training may apply separately by email at dept-hrd[at]npstrust.org.in in the format (See, the official notification) along with a scanned copy of the Caste/EWS/PwBD certificate and fee receipt, if applicable, on or before the last date of submission of online application form i.e., on or before January 29, 2021.
How to Apply
Application process includes:
- Online Application
- Payment of application fee
- Document scan and upload
Application Registration
- Applicants are required to go to NPS Trust’s website and click on the option “Apply
Online” under the Recruitment Notification titled “NPS Trust – Recruitment to the posts of Officer Grade B (Manager) and Officer Grade A (Assistant Manager)” which will open a new screen. - To register application, choose the tab “Click here for New Registration” and enter Name, Contact details and Email-id.
- A Provisional Registration Number and Password will be generated by the system and displayed on the screen.
- The candidate should note down the Provisional Registration Number and Password. An Email & SMS indicating the Provisional Registration number and Password will also be sent.
- In case the candidate is unable to complete the application form in one go, he/she can save the data already entered by choosing the “Save And Next” tab.
- Prior to the submission of the online application, candidates are advised to use the “Save And Next” facility to verify the details in the online application form and modify the same if required. Visually Impaired candidates should fill the application form carefully and verify/ get the details verified to ensure that the same are correct prior to final submission.
- Candidates are advised to carefully fill and verify the details filled in the online application themselves as no change will be possible/ entertained after clicking the Final Submit Button.
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