
What are rules for withdrawal under NPS?
When you are 60 years old, that is normal retirement age or NRA, you must annuitize (buy annuities for) 40% of your pension wealth. The […]
When you are 60 years old, that is normal retirement age or NRA, you must annuitize (buy annuities for) 40% of your pension wealth. The […]
On the subscriber’s unexpected death, 100% of the accumulated pension is paid to the nominee or legal heir of the subscriber. There is no annuity […]
In this case, at least 80% of your accumulated pension must be used to buy annuities, with the balance being paid to you as a […]
You must use at least 40% of your accumulated pension to buy annuities. The balance can be received as a lump sum benefit. RETIREMENT PLANNING […]
Yes. Employed individuals are eligible for a tax deduction of up to 10% of salary (basic + DA) under Sec 80CCD(1) of the Income Tax […]
Yes. Nominees in your NPS Tier I account can be changed whenever you want after you receive your PRAN. Nominations made at the time of […]
Only individuals are eligible to be nominees. An NPS subscriber can nominate up to three nominees. Nominee details cannot be repeated more than once. The […]
Yes, a nominee must be appointed at the time of account opening with the NPS via the prescribed form. You can appoint up to three […]
There are two subscriber investment schemes by the NPS: Active choice where the individual can decide on which asset classes to invest and the amount […]
The NPS has eight pension fund managers. These are: ICICI Prudential Pension Fund, LIC Pension Fund, Kotak Mahindra Pension Fund, Reliance Capital Pension Fund, SBI […]
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