The National Pension System (NPS) is a government-backed retirement savings scheme designed to provide financial security after retirement. Over the years, its flexibility and tax-saving benefits have attracted both individual and corporate subscribers. If you're an existing NPS account holder and wish to link your account to the corporate model, this guide will walk you through the steps, requirements, and benefits.

## Understanding the Corporate NPS Model

The corporate NPS model allows employers to contribute to their employees' NPS accounts, offering a systematic way to save for retirement. This model has specific advantages for both employees and employers, including higher tax-saving potential and streamlined contributions. Linking your existing NPS account to the corporate model ensures you enjoy these additional benefits.

## Benefits of Linking NPS to the Corporate Model

1. Contributions: Under Corporate NPS, contributions can be made either by you or your employer. If you fall under old tax regime, contribution can be made upto 10% of (basic salary + d.a.) & under new tax regime you can contribute upto 14% of (basic salary + d.a.)


2. Tax Benefits: Contributions by employers are exempt under [Section 80CCD(2)](https://www.goodreturns.in/section-80ccd-2-of-income-tax-act-s5.html), while employees can claim additional deductions under [Section 80C](https://cleartax.in/s/80C-Deductions) and [80CCD(1B)](https://cleartax.in/s/section-80-ccd-1b).


3. Convenience: Automated contributions from your employer ensure disciplined savings.


4.  Enhanced Retirement Corpus: Employer contributions significantly boost your retirement savings.


5. Cost Efficiency: The NPS is a low-cost investment vehicle, and the corporate model often includes additional administrative support.



## Steps to Link an Existing NPS Account to the Corporate Model

### Inform Your Employer

The first step is to notify your employer about your intention to link your NPS account to the corporate model. Employers with an active Corporate NPS registration can facilitate this process.

Key Information Required:

1. PRAN (Permanent Retirement Account Number)

2. NPS account details

3. Personal details like PAN, Aadhaar, and bank account


### Verify Corporate Registration with NPS

Your employer must be registered under the corporate model. If not, they need to register with the Central Recordkeeping Agency (CRA) like NSDL or KFintech.

### Submit a Request Form

Fill out the necessary forms to initiate the linkage of your existing NPS account to the corporate model.

Forms Required:

1. Form ISS-1: For shifting your individual account to the corporate model.

2. Employer-specific forms, if applicable.


### Provide Documentation

Submit the following documents to your employer or NPS nodal office:

1. PRAN Card or PRAN details

2. ID proof (e.g., Aadhaar, PAN)

3. Employment details (appointment letter, employee ID)


### Employer Verification

Once your request is submitted, your employer will verify the details and approve the linkage. This step includes updating your corporate subscriber details in the NPS system.

### CRA Update

After employer approval, the CRA updates your NPS account to reflect the corporate model. You will receive a notification once the process is completed.

### Confirm the Linkage

Log in to your NPS account online through the CRA portal (NSDL or KFintech) to verify the linkage. Check if your employer's name is listed and if the contributions are correctly mapped.

## Managing Your NPS Account Online

Linking your NPS account to the corporate model doesn’t mean you lose control over it. You can still access your account online, monitor contributions, and make additional voluntary contributions.

**Steps to Access NPS Online:**

1. Visit the CRA portal.


2. Log in with your PRAN and password.


3.  Navigate to the contribution section to view employer and employee contributions.


4.  Use the PensionBox app for seamless account management and better tracking of your NPS savings.



## Why Use PensionBox for NPS Management?

[PensionBox](https://pensionbox.in/) simplifies your NPS journey with user-friendly tools to manage your retirement savings. Features include:

1. Real-time tracking of contributions.

2. Personalized insights to optimize your NPS portfolio.

3. Reminders for voluntary contributions.

4. Hassle-free account management.
<img src="https://pensionbox-public-bucket.s3.ap-south-1.amazonaws.com/BlogInnerImages/Frame%201171275643%20%281%29.jpg" width="100%"></img>

The National Pension System (NPS) is a government-backed retirement savings scheme designed to provide financial security after retirement. Over the years, its flexibility and tax-saving benefits have attracted both individual and corporate subscribers. If you're an existing NPS account holder and wish to link your account to the corporate model, this guide will walk you through the steps, requirements, and benefits.

How to link existing NPS account to corporate model

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