|
|
Eligibility |
All citizen aged between 18-70 can open the account. However, till age of 75, we can stay invested in NPS. |
Features of the Scheme |
Individual can open Tier I and Tier II account under NPS. Tier I account is mandatory and Tier II is optional. |
Withdrawal Facility |
Partial withdrawal permitted after 3 years in NPS. |
Subscriber is free to withdraw their savings from Tier II account alone, without any restriction. |
On superannuation, maximum 60% withdrawal permitted. 40% to be contributed for annuity. |
If the amount of investment is less than Rs.5 lacs, full amount can be withdrawn. |
Tax Benefits |
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. |
Other Features |
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.
|
|
PoP (Point of Presence) Registration Number: 52092018
|