PensionBox BlogsBrighter future together - PensionBox x FatakPay

Brighter future together - PensionBox x FatakPay

03 Dec 2024 • 2 min read

Written By

Vaishnavi Verma

PensionBox

Discover the seamless simplicity and transparency as PensionBox & FatakPay successfully unite to empower your financial journey, ensuring not just your daily needs but also nurturing a secure tomorrow.

Introducing FatakPay

FatakPay is your go-to FinTech solution for seamless access to credit anytime, anywhere!

Their mission is driven by unwavering values: integrity, employment, innovation, transparency, and reliability. Join us together on a journey where simplicity meets efficiency in financial services

Empowering Tomorrow with PensionBox & FatakPay

Stepping into a transformative journey, PensionBox and FatakPay unite to redefine the landscape of financial planning. By combining forces, we aim to revolutionise retirement strategies and credit accessibility, offering our esteemed clients personalised solutions that seamlessly integrate day-to-day management with long-term perspectives.

Together, we empower individuals to craft their ideal lifestyle, blending present fulfillment with future security. Together, our collective endeavors are centered on cultivating an environment that motivates and safeguards all participants. Our objective is to attract fresh users, enhance overall satisfaction, and establish sustainable revenue streams, coupled with effective management practices, not only for daily needs but also for enduring future prosperity through our collaborative efforts.

A little about us

Welcome to PensionBox, where we're revolutionizing pension planning in India. As India’s first digital pension solution, we're proud to be recognized by the Pension Fund Regulatory Development Authority (PFRDA) for our innovative approach.

Say goodbye to tedious and lengthy paperwork and big hello to a super-fast and smarter way to prepare for your retirement. With PensionBox, not only do you enjoy simplicity and efficiency, but you also unlock additional tax benefits on your savings.

Join us as we lead the charge in shaping the future of pension planning.

The Path Forward: A Journey of Excellence

We're not just linking businesses together. We're working hard to make amazing things happen. By teaming up and improving our products, we're showing our dedication to making a difference and coming up with new ideas.

This partnership is all about making positive changes and encouraging innovation with a clear goal in mind. No matter what kind of business you have, there's a chance for us to work together. With PensionBox, you can help your customers feel secure about retirement. Starting a partnership is as simple as clicking a button - Partner Now

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Frequently asked questions

What is PensionBox and how does it work?

PensionBox is India’s first pension platform/app that helps you access, invest in, and track your NPS and other pension products with better user experience & minimum charges.

PensionBox simplifies the National Pension System(NPS), the government's pension scheme for private employees both for retail users and HRs/companies.

If you don’t have an NPS account, you can simply open your pension account within 2 minutes and if you have NPS PRAN already, you will be able track, invest and manage everything free of charge with best user experience.

Is PensionBox compliant and regulated?

Absolutely. PensionBox is fully ISO 27001 compliant with the Pension Fund Regulatory and Development Authority (PFRDA), the government body that regulates pensions in India.

We never touch or hold your money directly, your investments go safely to your chosen pension fund through approved channels.

We are built with Zerodha as POP , ensuring transparency, data security, and peace of mind. Your retirement savings are protected by regulation and secured by technology.

Why should I invest in NPS through PensionBox instead of directly or via another app?

Banks/POPs charges high fees on account opening & every investment Even CRA apps have hidden charges/low transparency & lack timely support Pension Funds restrict pension fund choice & selection to themselves.

That’s why, PensionBox brings transparency, zero charges, timely support and freedom to select any pension fund so that you get the best experience investing in NPS & be better future ready.

That’s not it, we help you & your company together to maximise contribution and tax savings with minimal charges & best user experience.

How do I start using PensionBox, and what do I need to get started?

It’s super easy to use PensionBox, just start by signing up using your browser on laptop/mobile or downloading the app on appstore or playstore.

If you are an existing zerodha user then you get a fast login or sign up using kite ID.

Once you are onboarded with kite ID, you get free access to

Open NPS in 2 minutes
Track existing NPS
POP shift or CRA shifting
Invest in one time or create SIP in NPS
Withdraw NPS requests & instant withdraw tier 2
Create your dream retirement plan
Open NPS Vatsalya for your kid
Share with HR (To unlock more tax benefits)

What are the tax benefits on PensionBox?

Tax Benefits in New Tax Regime

Employer Contribution:
- Contributions made by your employer to your NPS account are tax-free up to 14% of your basic salary under Section 80CCD(2). Do connect us with your HR to enable this for you.
Tax Benefits in Old Tax Regime
Self-Contribution:
- Deduction up to ₹1.5 lakh under Section 80C.
- Additional deduction of ₹50,000 under Section 80CCD(1B) — exclusive to NPS investments!
- This allows you to claim a total deduction of up to ₹2 lakh every year on your NPS contributions.
Employer Contribution:
- Contributions made by your employer to your NPS account are tax-free up to 10% of your basic salary (Basic + DA) under Section 80CCD(2). Do connect us with your HR to enable this for you.
- This is over and above your personal deduction limits, giving you extra tax efficiency.

Have more questions? Book a free call with us

We understand NPS can be confusing, complex and there is a lot of information out there to believe in. Don’t worry, our team is here to help you with the right information.

Feel free to book a free call to learn more about NPS, NPS Vatsalya, Corporate NPS & PensionBox or contact the support team.