Eligibility
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All citizen aged between 18-70 can open the account.
However, till age of 75, we can stay invested in NPS.
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Features of the Scheme
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Individual can open Tier I and Tier II account under NPS.
Tier I account is mandatory and Tier II is optional.
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Withdrawal Facility
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Partial withdrawal permitted after 3 years in NPS.
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Subscriber is free to withdraw their savings from Tier II account alone, without any restriction.
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On superannuation, maximum 60% withdrawal permitted. 40% to be contributed for annuity.
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If the amount of investment is less than Rs.5 lacs, full amount can be withdrawn.
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Tax Benefits
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Tax benefit up to Rs.150000/- u/s 80C and additional Tax benefit up to Rs. 50,000/- u/s 80CCD(1B) for Tier 1 investments.
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Other Features
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Customer has the choice to Fund allocation and returns are based on Market performance.
Choice of multiple pension fund managers and Investment Choice is also available.
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NPS ONLINE REGISTRATION
Registration User Manual (Click here)
NPS FURTHER CONTRIBUTION
Contribution User Manual (Click here)
NPS SYSTEMATIC INVESTMENT PLAN (SIP)
SIP User Manual (Click here)