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Retirement Corpus Calculator

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Abbreviations
	ASP	Annuity Service Provider
	CGMC	Centralized Grievance Management Cell
	CRA	Central Recordkeeping Agency
	DC	Defined Contribution
	GRC	Grievance Redressal Cell
	GRM	Grievance Redressal Mechanism
	IMA	Investment management Agreement
	IPO	Initial Public Offering
	KYC	Know Your Customer
	NPS	New Pension Scheme
	NRA	Normal Retirement Age
	PFs/PFMs	Pension Funds / Pension Fund Managers
	PFRDA	Pension Fund Regulatory and Development Authority
	POP	Point of Presence
	POP-SP	Point of Presence – Service Provider (Authorised branches of POP for NPS)
	PRA	Permanent Retirement Account
	PRAN	Permanent Retirement Account Number
	TB	Trustee Bank
	FEMA	Foreign Exchange Management Act
Definitions
	Applicable NAV	Unless stated otherwise in the Offer Document, ‘Applicable NAV’ is the Net Asset Value at the close of a Working Day.
	Applicant	An individual who has expressed interest in joining NPS and has duly completed all formalities.
	Custodian	Agency responsible for holding assets of the NPS Trust. Refers to the Stockholding Corporation of India Limited (SCHIL)
	IMA	Investment Management Agreement, entered into between NPS Trust and Pension Funds
	Offer Document	This document, issued by PFRDA, making an offer to potential applicants to subscribe to NPS.
	RBI	Reserve Bank of India, established under the Reserve Bank of India Act, 1934
	Subscriber	An individual who has become a member of the NPS
	Unitholder	Subscriber is also referred to as unit holder with respect to the units he/she owns.
	Trust Deed	The Trust Deed entered into between the NPS Trust and PFRDA, as amended up to date, or as may be amended from time to time.
	Trust Fund	The corpus of the Trust and all property belonging to and/or vested in the Trustees.