Deductions Under Section 80CCD for NPS

In India, paying taxes is mandatory for individuals, businesses, and organizations that earn income, and the tax amount varies based on the taxpayer's income level and the government's tax slabs. To alleviate an individual's tax burden, the Indian government has introduced multiple tax exemptions and deductions under Section 80 of the Income Tax Act, 1961. One such section is Section 80CCD, which provides deductions for contributions made to the National Pension System (NPS) and Atal Pension Yojana (APY). These deductions can assist in reducing an individual's tax liability.

Before understanding section 80CCD in detail, lets understand what’s the difference between an exemption and deduction

Exemption vs Deductions

The term "exemption" refers to a particular sum that is excluded from a taxpayer's gross income. Exemptions are usually granted for certain types of income or expenses. In India, income from any kind of agricultural operation is exempt from income tax. The same is true for benefits like the House Rent Allowance (HRA), Leave Transport Allowance (LTA), and others. Exemptions are also available for benefits such as House Rent Allowance (HRA) and Leave Travel Allowance (LTA) among others.

Deduction as the name suggests is an amount deducted from a taxpayer's gross revenue in order to determine their taxable income. Certain expenditures or contributions made throughout the year are eligible for deductions. The quantity of income that is subject to tax is decreased by deductions. The most frequent tax deductions are those that are available for contributions made to tax-saving schemeslike Public Provident Fund (PPF), Equity Linked Saving Schemes (ELSS), National Pension System (NPS), and others. Exemptions as well as deductions can both lower a taxpayer's tax liability.One of these is Section 80CCD, which pertains to any contributions a person makes to specific pension plans that have been made public by the Indian government.

Let us understand Section 80CCD

In accordance with Section 80CCD of the Income Tax Act of 1961, taxpayers who make National Pension Scheme contributions introduced by the central government are eligible for tax advantages.In accordance with the requirements of the IT Act, the organization's contribution to the NPS on behalf of the employee is also covered in this section. Section 80CCD is divided into a number of subsections.Under Section 80CCD, a person may receive a maximum deduction of Rs. 2 lakhs from their taxes in a given fiscal year.

Section 80CCD deductions are classified into two categories: Section 80CCD(1) and Section 80CCD(2) and an additional deduction under section 80CCD (1B).

Different Subsections of Section 80CCD

This classification helps to differentiate between contributions made to a pension fund by the taxpayer themselves and those made by employers on behalf of employees.These sections were incorporated in 2004, following the introduction of the National Pension Scheme (NPS) for the first time in the country.

There are two subcategories of exemptions under Section 80CCD of the Income Tax Act: Section 80CCD (1) and Section 80CCD (2) and a further subdivision into section 80CCD (1B)

  • Section 80CCD (1)

    • Every tax-paying citizen of India is eligible to deduct taxes from the money they contribute to their NPS accounts under Section 80CCD1. It is applicable to every employed and self - employed individual. It doesn't matter if the contribution is made by a government employee, a private employee, or a self-employed person. In fact, it is even open to NRIs. Any individual over the age of 18 who makes contributions to an NPS account or an Atal Pension Yojana scheme is eligible to claim a deduction of up to 1,50,000 annually under this provision. However, the highest deduction allowed under this provision is 10% of the individual's gross income or 10% of their salary. In this case, salary is defined as Sasic Salary plus Dearness Allowance.

    This limit has been raised for self-employed individuals starting in FY 2017–18 to 20% of their gross annual income, with a cap of Rs 1,50,000 for any particular financial year.

  • Section 80CCD (1B)

    • The Union Budget for the year 2015 introduced an amendment to Section 80 CCD (1) with the addition of sub-section 80CCD (1B). This section is applicable to both salaried and self – employed individuals. This was carried out with the goal of increasing investment in the NPS and Atal Pension Yojana schemes. Under this section, contributions made to the National Pension Schemeas well as Atal Pension Yojana are eligible for an extra deduction of up to INR 50,000. This deduction is in addition to the maximum permissible limit of Rs. 1.5 lakhs allowed under section 80CCD for both salaried and self – employed individuals. However, it is important to make sure that there isn't a duplicate claim when making this claim, meaning avoid claiming the same contribution amounts under two different sections.

    The benefits of this measure will be greater for people in higher tax brackets.

  • Section 80CCD (2)

    • This section refers to a tax advantage for employers who make contributions to the Pension schemes.In addition to making payments to PPF and EPF, employers can also make contributions to National Pension Scheme. The amount of the employer's contribution to the employee's pension plan may be equal, higher, or lower than the employee's contribution. It is important to note that only the employer is eligible to make contributions on behalf ofan employee.

    The employer can obtain a tax break by classifying his share of the donation as a company expenditure in the profit and loss account. In this way, an employer can claim a tax deduction u/s 80CCD (2) as per the Income Tax Act, 1961. However, only salaried people are covered by this section; self-employed people are not.Employees in the private sector are eligible for a deduction of up to 10% of their salary (Basic Salary plus Dearness Allowance) under Section 80CCD(2) whereas Government employees are eligible to claim up to 14%.

Benefits of Section 80CCD

As per the Income Tax Act, of 1961, taxpayers are permitted to claim tax benefits on any contributions made toward the National Pension Scheme under Section 80CCD. This plan can enable people to save money and has many advantages.

  • Section 80C covers a variety of tax-saving instruments and investments, with a maximum deduction of ₹1,50,000 available.

  • Section 80CCD(1) of the tax system allows for tax deductions for contributions paid to the NPS.For salaried individuals, the maximum deduction allowed is 10% of their salary, and for self-employed individuals, the maximum deduction allowed is 20% of their gross income, up to a maximum of Rs 1.5 lakh in a given fiscal year.

  • On contributions made to the National Pension Scheme, a further tax deduction of up to Rs 50,000 may be claimed under Section 80CCD(1B).This goes above and beyond the Section 80C cap of Rs. 1.5 lakh.

  • A tax benefit is available under Section 80CCD (2) for contributions made by the company to the employee's National Pension Schemeaccount.The employer's contribution is not counted as taxable revenue for the employee and can amount to up to 10% of the employee's salary.

  • The National Pension Schemeis an investment that is geared towards retirement and offers advantages like annuity income after retirement, which can give a consistent source of income post- retirement.

In general, Section 80CCD offers financial advantages to people who invest in the National Pension Scheme, which can help them reduce their tax burden and amass assets for retirement.

National Pension Scheme under section 80CCD

National Pension Scheme is a retirement tool that was introduced to the market for the first time in 2004. It was created by the Central Government to give Indian residents access to the advantages of a structured pension plan.Initially, it was only designed for government employees however in 2009, it was subsequently opened up to include employees of the private sector and self-employed individuals as well.

Anyone over the age of 18 who works in the public or private industry or who is self-employed can invest in NPS today.Investments in NPS are typically restricted until retirement or the age of 60 for pension.Individuals can even choose to extend until 70 years of age.The primary goal of NPS is to assist individuals in establishing a retirement corpus and receiving a fixed monthly pay - out to enable them to live a comfortable life after retirement.

Key highlights to keep in mind about the National Pension Scheme (NPS) are listed below:

  • The National Pension Scheme (NPS) is a retirement benefit plan that is mandatory for central government employees but optional for others.

  • There are two different account categories available under the NPS: Tier – I and Tier-II. Tier – I account is a compulsory account and contributions made to this account are lockedin until retirement. On the other hand, Tier – II is a voluntary or optional account andhas no withdrawal rules and no lock-in period.Individuals who already have a Tier I account are eligible to create a Tier II account.

  • A minimum annual contribution of Rs. 6,000 or Rs. 500 per month is required to qualify for an income tax deduction under the NPS Tier - I Account.

  • A minimumannual contribution of Rs 2,000 or Rs 250 per month is required to qualify for an income tax deduction under the NPS Tier - II Account.

  • Tier – I account holders enjoy tax benefits whereas Tier – II account holders can not claim any tax benefits. Any withdrawals from this account are taxed as per the income tax rules.
  • Due to its low minimum contribution requirements, NPS is open to a wide range of investors.

  • Professional fund administrators supervise the management of NPS with the objective of maximising returns while lowering risks.

  • There are many different investment choices available, including equity funds, government bonds, and government securities, among others.Subscribers can select their investment choice based on their financial objectives and level of risk tolerance.

  • Equity allotment, however, is limited to a maximum of 50%.

  • At maturity, a tax-free withdrawal of up to 60% of the NPS sum is permitted and the leftover 40% needs to be converted into an annuity plan which will provide them with a regular pension income for the rest of their life.

  • Partial withdrawals of up to 25% are permitted only in certain limited circumstances depending on the intent of the withdrawal.

Altogether, the NPS is a useful retirement savings plan that gives its members a variety of investment choices, tax advantages, and flexibility.A few of the major Financial institutions that offer Pension Schemes are listed below:

  1. SBI Pension Funds Pvt. Ltd.
  2. LIC Pension Fund Ltd.
  3. UTI Retirement Solutions Ltd.
  4. HDFC Pension Management Co. Ltd.
  5. ICICI Prudential Pension Fund Management Co. Ltd.
  6. Kotak Mahindra Pension Fund Ltd.
  7. Aditya Birla Sunlife Pension Management Ltd.
  8. Max Life Pension Fund Management Ltd.
  9. Axis Pension Fund Management Ltd.
  10. Tata Pension Management Ltd.

Atal Pension Yojana (APY) under section 80CCD

Launched in 2015, the Atal Pension Yojana (APY) is another government-run pension program in India. It is commonly known as Pradhan Mantri Pension Yojana (PMP). To establish a universal social security system for all Indians, particularly the impoverished, the underprivileged, and those working in the unorganised sector, the Atal Pension Yojana (APY) was introduced on May 9, 2015.Pension Fund Regulatory and Development Authority (PFRDA) is responsible for managing the Atal Pension Yojana (APY).

Key highlights to keep in mind about the Atal Pension Yojana (APY) are listed below:

  • All bank account holders between the ages of 18 and 40 are eligible for APY, and the contributions vary depending on the pension sum selected.

  • Before payments begin at the age of 60, there must be a minimum waiting time of 20 years.

  • Premature withdrawals are allowed in certain circumstances.

  • APY contributions are eligible for tax deductions up to Rs. 1.5 lakhs under Section 80CCD (1).

  • Similar to NPS, an additionaldeduction of up to Rs 50,000 in APY is allowed under Section 80CCD (1B). This makes the total deduction permissible to be Rs. 2 lakhs.

  • Contributions to the Atal Pension Yojana (APY) can be made on a monthly, quarterly, or half-yearly basis by subscribers.

  • The monthly payment can be anywhere between Rs. 42 and Rs. 1,454 depending on the subscriber's age when they first sign up for the plan.

  • At the age of 60, subscribers will receive an assured minimum monthly pension; APY subscribers can choose between a variety of pension plans offering various pension amounts of Rs. 1,000 or Rs. 2,000 or Rs. 3,000 or Rs. 4,000, or Rs. 5,000 per month. This depends on the individual’s contribution amount and age at the time of joining.This pension money is still subject to taxation.

  • The subscriber’s contributions are invested in a pension fund which is then managed by a professional fund manager who is appointed by PFRDA.

  • To increase the returns on the contributions made, the fund manager invests these contributions in a variety of asset types, including government securities, business bonds, and equities.

  • The minimum pension is guaranteed by the Central government, meaning that, if the accumulated corpus based on payments is lower than the anticipated return on investmentand is incorrect to provide the minimum guaranteed pension, the Central Government would cover such a shortfall of funds.

  • In contrast, if investment returns are greater, subscribers would receive improved pensionary benefits.

  • In addition, APY provides the advantage of paying a lump sum to dependents in the event of death.

  • In case of death after the age of 60, the subscriber’s spouse is entitled to receive the pension on behalf of the subscriber.

  • If the subscriber dies before turning 60, their spouse can exit the scheme by withdrawing the entire corpus or they can continue to make payments and receive money after retirement.

  • Subject to certain restrictions and after deducting the Government co-contribution and any returns or interest thereon, subscribers may freely withdraw from the APY.

Also Read - Type of Investments to Utilise Tax Deduction Under Section 80C

Terms & Conditions for deductions under section 80CCD

Following are some things to keep in mind when seeking deductions under Section 80CCD:

  • In accordance with Section 80CCD, both salaried employees and independent contractors are eligible for deductions.While it is compulsory for government employees, it is optional for everyone else.

  • The highest deduction permittable by Section 80CCD is Rs. 2 lakhs, which also includes the extra deduction of Rs. 50,000 permitted by Subsection 80CCD (1B).

  • Tax deductions can only be claimed under one section, which means that tax deductions availed under section 80CCD can not be claimed under section 80C. Its combined deduction amount must not exceed Rs. 2 lakhs.

  • The money that is received from NPS in the form of regular payments or surrendered accounts will be subject to taxes in accordance with the relevant laws.

  • However, the amount used to purchase annuities and the corpus at expiration will both be completely tax-free.You can claim the deductions permitted by Section 80CCD when you file your income tax returns at the end of the fiscal year.To be qualified for this deduction, you must present evidence of payment.

  • Employer contributions are covered by Section 80CCD (2) and employee contributions are covered by Section 80CCD (1).

Eligibility to claim deduction under section 80CCD

  • In accordance with the terms of Section 80CCD of the Income Tax Act of 1961, tax deductions are permitted for contributions made by an individual (both salaried and self-employed) to the National Pension Scheme (NPS).

  • NRIs may also take advantage of this deduction.

  • Whereas, Hindu Undivided Families (HUF) cannot take advantage of this deduction.

  • Similarly, this section also permits tax deductions for employer contributions made to the National Pension Scheme (NPS) on behalf of workers.

  • Individuals may deduct up to 10% of their gross yearly income in case of self-employment or 10% of their base annual salary (Basic plus Dearness Allowance).

  • When submitting income tax returns, deductions allowed by Section 80CCD may be claimed. You might be asked to provide evidence for the same, though.

Tax implications to claim deduction under section 80CCD

The National Pension Scheme's withdrawals are taxable because they are subject to the Exempt-Exempt-Taxed (EET) regulation of the taxation system.However, an income tax exemption of 40% of the maturity profits is permitted.

It is also important to note that the excess reinvested in an annuity plan is not subject to income tax.On the other hand, monthly pensions received from the annuitywill be liable to income tax based on the individual's tax slab.

To summarise, tax considerations are essential parts of every investment.The National Pension Scheme (NPS) has proven to have a "high safety" rating and is a great retirement savings tool.For those who fall into a higher tax bracket, investing in the National Pension Plan can result in significant tax savings thanks to an extra deduction limit of Rs. 50,000 over and above the limit of Section 80C.

Example of contribution under section 80CCD

Let us assume that Mr Yash is a central government employee who makes a contribution of Rs. 80,000 to his NPS account. Below is his salary structure:

Basic Salary- Rs. 3,20,000
Dearness Allowance- Rs. 1,80,000
Other Allowances- Rs. 2,50,000
Investments under section 80 C–Rs. 1,00,000

  1. NPS contribution by employee- Rs. 80,000
    2. OR
  2. 10% of Basic Salary + Dearness Allowance –Rs. 50,000

Therefore, Mr Yash can claim a deduction of Rs. 50,000 under section 80CCD (1) which is lower among the two mentioned above.

How to file a deduction claim under section 80CCD?

Individuals who wish to claim a deduction under section 80CCD can be claimed at the end of the financial year when you file your income tax returns.You are eligible to claim the Section 80CCD deductions after the fiscal year has ended and file your income tax reports.After the financial year ends, you can file your income tax reports and claim the Section 80CCD deductions.You must provide the required documentation in order to receive the deductions.The additional documentation will include investment receipts or proof that you are making National Pension Scheme payments.

Frequently Asked Questions (FAQs)

Q.1 Does section 80C include section 80CCD?

Section 80C does not include section 80CCD. While Section 80C deals with a variety of investments for which deductions may be made, Section 80CCD is focused on National Pension Scheme (NPS)and the Atal Pension Yojana (APY) deductions. It is important to note that a total amount deduction of Rs. 1,50,000 can be claimed for both sections together.

Q.2 What is the maximum deduction allowed for employer contributions to NPS accounts under section 80CCD?

Employer’s contribution can be claimed under section 80CCD (2) of the income tax.However, for central government employees, the deduction amount cannot surpass 14% of the salary, and for all other employees, it cannot exceed 10% of their salary.

Q.3 How do I submit an application for a Section 80CCD deduction?

When you file your annual income tax returns, you can take a deduction under Section 80CCD.You might need to provide documentation of your APY or NPS contributions when you register your tax deductions.

Q.4 What makes Section 80CCD (1) and Section 80CCD (1B) different?

Contributions to Tier 1 are tax deductible and qualify for discounts under Sections 80CCD(1) and 80CCD(1B).This implies that you can make an investment in an NPS Tier 1 account of up to Rs. 2 lakhs and claim the entire amount as a deduction, i.e., Rs. 1.50 lakh under Section 80CCD(1) and Rs. 50,000 under Section 80CCD(1B).

Q.5 What is the interest rate for NPS?

The annual NPS interest rates typically vary from 9% to 12%. Tax deductions are available for NPS payments made to Tier - I accounts.

  • Are Tier – II account holders eligible for the deduction? Tier – II account holders do not enjoy any tax benefits.
  • Who can open a Tier – II account? It is mandatory for individuals to own a Tier – I account in order to open a Tier – II account.


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You shall not (a) copy (whether by printing off onto paper, storing on disk, downloading or in any other way), distribute (including distributing copies), download, display, perform, reproduce, distribute, modify, edit, alter, enhance, broadcast or tamper with in any way or otherwise use any Materials contained in the Website. These restrictions apply in relation to all or part of the Materials on the Website; (b) copy and distribute this information on any other server or modify or re-use text or graphics on this system or another system. No reproduction of any part of the Website may be sold or distributed for commercial gain nor shall it be modified or incorporated in any other work, publication or web site, whether in hard copy or electronic format, including postings to any other web site; (c) remove any copyright, trade mark or other intellectual property notices contained in the original material from any material copied or printed off from the web site; link to this Website; without our express written consent.

No Warranty

Although all efforts are made to ensure that information and content provided as part of this Website is correct at the time of inclusion on the Website, however there is no guarantee to the accuracy of the Information. This Website makes no representations or warranties as to the fairness, completeness or accuracy of Information. There is no commitment to update or correct any information that appears on the Internet or on this Website. Information is supplied upon the condition that the persons receiving the same will make their own determination as to its suitability for their purposes prior to use or in connection with the making of any decision. Any use of this Website or the information is at your own risk. Neither ABCL and ABC Companies, nor their officers, employees or agents shall be liable for any loss, damage or expense arising out of any access to, use of, or reliance upon, this Website or the information, or any website linked to this Website.

No Liability

This Website is provided to you on an "as is" and "where-is" basis, without any warranty. ABCL, for itself and any ABC Companies and third party providing information, Materials (defined later), facilities, or content to this Website, makes no representations or warranties, either express, implied, statutory or otherwise of merchantability, fitness for a particular purpose, or non-infringement of third party rights, with respect to the website, the information or any products or facilities to which the information refers. ABCL will not be liable to you or any third party for any damages of any kind, including but not limited to, direct, indirect, incidental, consequential or punitive damages, arising from or connected with the site, including but not limited to, your use of this site or your inability to use the site, even if ABCL has previously been advised of the possibility of such damages. Any access to information hosted on third party websites of billers/banks/merchants/ABC Companies etc. is not intended and shall not be treated as an offer to sell or the solicitation of an offer to buy any product/offering of these ABC Companies or third parties.

The Facilities Provider or ABCL or ABC Companies shall have absolutely no liability in connection with the information and Material posted on this Website including any liability for damage to your computer hardware, data, information, materials, or business resulting from the information and/or Material or the lack of information and/or Material available on the Website. In no event shall ABCL or ABC Companies shall be liable for any for any special, incidental, consequential, exemplary or punitive damages for any loss, arising out of or in connection with (a) the use, misuse or the inability to use this Website; (b) unauthorized access to or alteration of your transmissions or data; (c) statements or conduct of any third party on the site; or (d) any other matter whatever nature relating to this Website.

Further, the Facilities Provider cannot always foresee or anticipate technical or other difficulties. The facilities may contain errors, bugs, or other problems. These difficulties may result in loss of data, personalization settings or other facilities interruptions. The Website does not assume responsibility for the timeliness, deletion, mis-delivery, or failure to store any user data, communications, or personalization settings.

The Facilities Provider, ABCL, ABC Companies and the providers of information shall not be liable, at any time, for any failure of performance, error, omission, interruption, deletion, defect, delay in operation or transmission, computer virus, communications line failure, theft or destruction or unauthorized access to, alteration of, or use of information contained at this Website.

Manner of Use of Personal Information

All Personal Information including Sensitive Personal Information provided/related to you, shall be stored/used/processed/transmitted expressly for the Purpose or facilities indicated thereon at the time of collection and in accordance with the Privacy Policy. Other than those otherwise indicated and agreed by You, this Website do not collect or store or share your Personal Information. Aditya Birla Capital is the brand and accordingly all products and facilities are provided by respective ABC Companies as applicable. Therefore, for any of these Purposes, the Website will use ABC Companies their authorized third party vendors, agents, contractors, consultants or facilities providers (individually a ‘Third Party Service Provider’ and collectively, the “Third Party Service Providers”) and to that extent you understand and authorize the Facilities Provider to share/transmit such information to Third Party Service Providers. Such sharing of information will be solely for the purpose to fulfill / complete / authenticate your specific requests/transaction execution and for providing information about any ABC Companies product or facilities or services or for data analytics or to deliver to you any administrative notices, alerts or communications relevant to your Purpose (and which may include sending promotional emails or SMS or calls or any other mode permitted under law) or to analyze the usage and improve the facilities/solutions offered or for any research or troubleshooting problems, detecting and protecting against errors or to improve features, tailor the facilities on the Website to your interests, and to get in touch with you whenever necessary.

Except in the manner as stated in the Privacy Policy, the Website will not disclose your Personal Information with any affiliated or unaffiliated third parties,

You may receive e-mails /communications/notifications from the Third Party Services Providers regarding facilities updates, information/promotional e-mails/SMS and/or update on new product announcements/services in such mode as permitted under law.

Use of Website in India

This Website is controlled and operated from India and there is no representation that the Materials/information are appropriate or will be available for use in other locations. If you use this Website from outside the India, you are entirely responsible for compliance with all applicable local laws. There is no warranty or representation that a user in one region may obtain the facilities of this website in another region.

Information published on the Website may contain references or cross references to products, programs and facilities offered by ABC Companies/third parties that are not announced or available in your country. Such references do not imply that it is intended to announce such products, programs or facilities in your country. You may consult your local advisors for information regarding the products, programs and services that may be available to you.

In your use of the Website, you may enter correspondence with, purchase goods and/or facilities from, or participate in promotions of advertisers or members or sponsors of the web site, including those of ABC Companies. Unless otherwise stated, any such correspondence, advertisement, purchase or promotion, including the delivery of and the payment for goods and/or facilities, and any other term, condition, warranty or representation associated with such correspondence, purchase or promotion, is solely between you and the applicable ABC Companies and/or third parties.

You agree that Facilities Provider / ABC Companies has no liability, obligation or responsibility for any such correspondence, purchase or promotion between you and any other ABC Companies and/or third parties.

Third party websites

This Website may be linked to other websites (including those of ABC Companies) on the World Wide Web that are not under the control of or maintained by ABCL. Such links do not indicate any responsibility or endorsement on our part for the external website concerned, its contents or the links displayed on it. These links are provided only as a convenience, in order to help you find relevant websites, facilities and/or products that may be of interest to you, quickly and easily. It is your responsibility to decide whether any facilities and/or products available through any of these websites are suitable for your purposes. The Facilities Provider or ABCL is not responsible for the owners or operators of these websites or for any goods or facilities they supply or for the content of their websites and does not give or enter into any conditions, warranties or other terms or representations in relation to any of these or accept any liability in relation to any of these (including any liability arising out of any claim that the content of any external web site to which this web site includes a link infringes the intellectual property rights of any third party).

USE of APP

In case any facilities/services, access/dissemination of information or execution of transaction is done through use of any APP related to ABC Companies, the additional terms and conditions governing the Use of APP shall be applicable and to be read along these Terms of Use.

Postings and monitoring

The Facilities Provider or ABCL or ABC Companies does not routinely monitor your postings to the Website but reserves the right to do so if deemed necessary if it is related to the facilities offered on the web site and to comply with law. However, in our efforts to promote good citizenship within the internet community, if the Facilities Provider or ABCL or ABC Companies becomes aware of inappropriate use of the Website or any of its facilities, any information, opinions, advice or offers posted by any person or entity logged in to the Website or any of its associated sites is to be construed as public conversation only, and the Facilities Provider or ABC Companies shall not be liable or responsible for such public conversation. You agree that in such cases, we will respond in any way that, in our sole discretion, as deemed appropriate. You acknowledge that Facilities Provider or ABC Companies will have the right to report to law enforcement authorities any actions that may be considered illegal, as well as any information it receives of such illegal conduct. When requested, ABC Companies/Facilities Provider will co-operate fully with law enforcement agencies in any investigation of alleged illegal activity on the internet.

Submissions and unauthorized use of any Materials contained on this Website may violate copyright laws, trademark laws, the laws of privacy and publicity, certain communications statutes and regulations and other applicable laws and regulations. You alone are responsible for your actions or the actions of any person using your user name and/or password. As such, you shall indemnify and hold Facilities Provider, ABCL / ABC Companies and its officers, directors, employees, affiliates, agents, licensors, and business partners harmless from and against any and all loss, costs, damages, liabilities, and expenses (including attorneys' fees) incurred in relation to, arising from, or for the purpose of avoiding, any claim or demand from a third party that your use of the Website or the use of the Website by any person using your user name and/or password (including without limitation your participation in the posting areas or your submissions) violates any applicable law or regulation, or the rights of any third party.

We reserve the right to terminate access to this Website at any time and without notice. Further this limited license terminates automatically, without notice to you, if you breach any of these Terms of Use. Upon termination, you must immediately destroy any downloaded and printed Materials.

If you come across any breaches/violation or offensive material you must report to us at abc.secretarial@adityabirla.com

Use of Cookies

You agree and understand that the Website will automatically receive and collect certain anonymous information in standard usage logs through the Web server, including computer/computer resource-identification information obtained from "cookies" sent to your browser from a web server or other means as explained in the Privacy Policy.  

Facilities Changes and Discontinuation

The Website reserves the right to discontinue or suspend, temporarily or permanently, the facilities. You agree that the Facilities Provider/ ABC Companies will not be liable to you in any manner whatsoever for any modification or discontinuance of the facilities. The format and content of this Website may change at any time. We may suspend the operation of this Website for support or maintenance work, in order to update the content or for any other reason.

ABCL, ABC Companies, and its directors, employees, associates, or other representatives shall not be liable for any damages or injury, arising out of or in connection with the use, or non-use including non-availability of the Website and also for any consequential loss or any damages caused because of non-performance of the system due to a computer virus, system failure, corruption of data, delay in operation or transmission, communication line failure, or any other reason whatsoever. The Website will not be responsible for any liability arising out of delay in providing any information on the Website.

Compliance with the Law

You agree that you will not:

  • Use any robot, spider, scraper, deep link or other similar automated data gathering or extraction tools, programme, algorithm or methodology to access, acquire, copy or monitor the Website, or any portion of the Website.
  • Use or attempt to use any engine, software, tool, agent, or other device or mechanism (including without limitation, browsers, spiders, robots, avatars or intelligent agents) to navigate or search the Website, other than the search engines generally available by third party web browsers
  • Post or transmit any file which contains viruses, worms, Trojan horses or any other contaminating or destructive features, or that otherwise interferes with the proper working of the Website or the facilities.
  • Attempt to decipher, decompile, disassemble, or reverse engineer any of the software, comprising or in any way making up a part of the Website or the facilities.
  • You agree not to use the facilities for illegal purposes or for the transmission of material that is unlawful, harassing, libelous (untrue and damaging to others), invasive of another's privacy, abusive, threatening, or obscene, or that infringes the rights of others.

Restrictions on Commercial Use or Resale

Your right to use the facilities is personal to you; therefore, you agree not to resell or make any commercial use of the facilities. In addition, the Website welcomes your feedback as a user of the facilities. Any feedback you provide will become the confidential and proprietary information of the Website, and you agree that the Website may use in any manner and without limitation, all comments, suggestions, complaints, and other feedback you provide relating to the Website. The Website shall have a worldwide, royalty-free, non-exclusive, perpetual, and irrevocable right to use feedback for any purpose, including but not limited to incorporation of such feedback into the Website or other Website software or facilities.

No Endorsements

All product and facilities marks contained on or associated with the facilities that are not the Website marks are the trademarks of their respective owners. The Website would require you to respect the same. References to any such names, marks, products or facilities of third parties or hypertext links to third party sites or information does not imply the Website’s endorsement, sponsorship or recommendation of the third party, information, product or facilities.

Promotional Offers

You may receive from time to time, announcement about offers with intent to promote this Website and/or facilities/products of ABC Companies (“Promotional Offers”). The Promotional Offer(s) would always be governed by these Terms of Use plus certain additional terms and conditions, if any prescribed. The said additional terms and conditions, if prescribed, would be specific to the corresponding Promotional Offer only and shall prevail over these Terms of Use, to the extent they may be in conflict with these Terms of Use. The Website reserves the right to withdraw, discontinue, modify, extend and suspend the Promotional Offer(s) and the terms governing it, at its sole discretion.

Charges for use of Website

There are no charges or fees to be paid by you for use of this Website. However, you are responsible for all telephone access fees and/or internet service fees that may be assessed by your telephone and/or internet service provider. You further agree to pay additional charges, if any levied by Third Party Service Provider(s), for the facilities provided by them through the Website (Additional Charges).

No Endorsement

You are advised to be cautious when browsing on the internet and to use good judgment and discretion when obtaining information or transmitting information. From this Website, users may visit or be directed to third party web sites. The Website makes no effort to review the content of these web sites, nor is the Website or its licensors responsible for the validity, legality, copyright compliance, or decency of the content contained in these sites.

In addition, the Website does not endorse or control the content of any other user and is not responsible or liable for any content, even though it could be unlawful, harassing, libelous, privacy invading, abusive, threatening, harmful, vulgar, obscene or otherwise objectionable, or that it infringes or may infringe upon the intellectual property or other rights of another. You acknowledge that the Website does not pre-screen content, but that the Website will have the right (but not the obligation) in their sole discretion to refuse, edit, move or remove any content that is available via the facilities.

Electronic Communications

These Terms of Use and any notices or other communications regarding the Facilities may be provided to you electronically, and you agree to receive communications from the Website in electronic form. Electronic communications may be posted on the Website and/or delivered to your registered email address, mobile phones etc either by Facilities Provider or ABC Companies with whom the services are availed. All communications in electronic format will be considered to be in "writing". Your consent to receive communications electronically is valid until you revoke your consent by notifying of your decision to do so. If you revoke your consent to receive communications electronically, the Facilities Provider shall have the right to terminate the facilities.

Assignment

You shall not assign your rights and obligations under this Agreement to any other party. The Website may assign or delegate its rights and/or obligations under this Agreement to any other party in future, directly or indirectly, or to an affiliated or group company.

Legal Disclaimers

The information provided on or through the Website is for general guidance and information purposes only and they do not in any manner indicate any assurance or opinion of any manner whatsoever. Any information may be prone to shortcomings, defects or inaccuracies due to technical reasons. Certain information on Website may be on the basis of our own appraisal of the applicable facts, law and regulations in force at the date hereof.

The information (and opinions, if any) contained on the Website may have been obtained from public sources believed to be reliable and numerous factors may affect the information provided, which may or may not have been taken into account. The information provided may therefore vary (significantly) from information obtained from other sources or other market participants. Any reference to past performance in the information should not be taken as an indication of future performance. The information is dependent on various assumptions, individual preferences and other factors and thus, results or analyses cannot be construed to be entirely accurate and may not be suitable for all categories of users. Hence, they should not be solely relied on when making investment decisions. Your investment or financial decision shall always be at your own discretion and based on your independent research; and nothing contained on the Website or in any information would construe ABCL/ABC Companies or any of its employees/authorized representative as having been in any way involved in your decision making process. Any information and commentaries provided on the Website are not meant to be an endorsement or offering of any stock or investment advice.

Nothing contained herein is to be construed as a recommendation to use any product, process, equipment or formulation, in conflict with any patent, or otherwise and Facilities Provider / ABCL/ABC Companies makes no representation or warranty, express or implied that, the use thereof will not infringe any patent, or otherwise. Information on this Website sourced from experts or third party service providers, which may also include reference to any ABCL Affiliate. However, any such information shall not be construed to represent that they belong or represent or are endorsed by the views of the Facilities Provider or ABC Companies. Any information provided or sourced from ABCL Affiliate belongs to them. ABCL is an independent entity and such information from any ABCL Affiliate are not in any manner intended or to be construed as being endorsed by ABCL or Facilities Provider. The information does not constitute investment or financial advice or advice to buy or sell, or to endorse or solicitation to buy or sell any securities or other financial instrument for any reason whatsoever. Nothing on the Website or information is intended to constitute legal, tax or investment advice, or an opinion regarding the appropriateness of any investment or a solicitation of any type. Investment in the securities market and any financial instruments are inherently risky and you shall always assume complete and full responsibility for the outcomes of all the financial or investment decisions that you make, including but not limited to loss of capital. You are therefore advised to obtain your own applicable legal, accounting, tax or other professional advice or facilities before taking or considering an investment or financial decision.

No Solicitation

No Information at this Website shall constitute an invitation to invest in ABCL or any ABC Companies. These are meant for general information only or to meet statutory requirements or disclosures. ABCL or any of its employees are in no way liable for the use of the information by you, when making any decision or investing or trading through any investment vehicles or ABC Companies, or any other third party which may be engaged in offering of these services.

The information contained on this Website does not represent and should not be used to construe (i) the terms on which a new transaction would be entered into by ABCL or ABC Companies, (ii) the terms on which any existing transactions could be unwound by ABCL or ABC Companies, (iii) the calculation or estimate of an  amount that would be payable following an early termination of any past/existing transactions or (iv) the valuations given to any transactions by ABCL or ABC Companies in their books of account for financial reporting, credit or risk management purposes.

Statutory Disclosure

ABCL and ABC Companies are engaged in a broad spectrum of activities in the financial services sectors. You understand and acknowledge that Aditya Birla Money Limited (‘ABML’), Aditya Birla Finance Limited (‘ABFL’) and Aditya Birla Sun Life Asset Management Company Limited and trustees and sponsor of Aditya Birla Sun Life Mutual Fund (‘ABSLMF’) are group companies and ABML / ABFL also acts as a distributor of ABSLMF.  Any recommendation or reference of schemes of ABSLMF if any made or referred on the Website, the same is based on the standard evaluation and selection process, which would apply uniformly for all mutual fund schemes. You are free to choose the execution facilities in the manner deemed fit and proper and no commission will be paid by ABSLMF to ABML / ABFL if you choose to execute a transaction with ABSLMF on the Website, unless otherwise agreed by you and ABML/ABFL separately. Information about ABML/ABFL, its businesses and the details of commission structure receivable from asset management companies to ABML/ABFL, are also available on their respective Website.

Similarly Aditya Birla Money Insurance Advisory Services Limited and Aditya Birla Insurance Brokers Limited are insurance intermediaries and engaged in the distribution of Insurance Products and it may services may include products of Aditya Birla Sun Life Insurance Company Limited and Aditya Birla Health Insurance Company Limited. However there is no conflict on these services and commissions if any payable are in accordance of the extant regulations.

Force Majeure

The Facilities Provider, ABC Companies and any of its Third Party Service Providers shall not be liable for any delay or failure in performance resulting directly or indirectly from acts of nature, forces, or causes beyond their reasonable control, including, without limitation, Internet failures, computer equipment failures, telecommunication equipment failures, other equipment failures, electrical power failures, strikes, virus, other malicious computer code, hacking, labour disputes, riots, insurrections, civil disturbances, shortages of labour or materials, fires, flood, storms, explosions, acts of God, war, earthquake, governmental actions, orders of domestic or foreign courts or tribunals, non-performance of third parties, or loss of or fluctuations in heat, light, or air conditioning.

Indemnification

You agree to protect and fully compensate Facilities Provider, ABCL, ABC Companies, subsidiaries, licensors, suppliers and facilities providers, employees, officers and directors, from any and all third party claims, liability, damages, expenses and costs (including but not limited to reasonable attorneys fees) caused by or arising from your use of the facilities, your violation of the Terms of Use or your infringement, or infringement by any other user of your account, of any intellectual property or other right of anyone.

No Waiver

The Facilities Provider, ABC Companies or any of its third party service providers and processor bank/merchants etc. shall not be deemed to have waived any of its/their rights or remedies hereunder, unless such waiver is in writing. No delay or omission on the part of Facilities Providers and ABC Companies, in exercising any rights or remedies shall operate as a waiver of such rights or remedies or any other rights or remedies. A waiver on any one occasion shall not be construed as a bar or waiver of any rights or remedies on future occasions.

Exclusive Agreement

You agree that these Terms of Use are the complete and exclusive statement of agreement supersede any proposal or prior agreement, oral or written, and any other communications between you and the Facilities Provider and its Third Party Service Providers or processor bank/merchants relating to the subject matter of these Terms of Use. These Terms of Use, as the same may be amended from time to time, will prevail over any subsequent oral communications between you and the Website and/or the processor bank.

Termination

Either party can terminate this Agreement by notifying the other party in writing. Upon such termination You will not be able to use the facilities of this Website.

Governing Law and Jurisdiction

The Website specifically prohibits you from usage of any of its facilities in any countries or jurisdictions that do not corroborate to all stipulations of these Terms of Use. The Website is specifically for users in the territory of India. In case of any dispute, either judicial or quasi-judicial, the same will be subject to the laws of India, with the courts in Mumbai having exclusive jurisdiction.

These Terms and Conditions are governed by and to be interpreted in accordance with laws of India, without regard to the choice or conflicts of law provisions of any jurisdiction. You agree, in the event of any dispute arising in relation to these Terms and Conditions or any dispute arising in relation to the Website whether in contract or tort or otherwise, to submit to the jurisdiction of the courts located at Mumbai, India for the resolution of all such disputes.

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