NPS withdrawal rules National Pension System NPS withdrawal rules differ for the government sector and private sector employees. However, if the NPS subscriber, unfortunately, passes away then the legal heir or nominee will get the entire corpus amount. Following are the NPS withdrawal rules: If a...
Entire withdrawal(60%) at the time of retirement will now be tax-free.At present, 40% of the accumulated corpus utilised for the purchase of the annuity is tax-exempt. Of the remaining 60% corpus withdrawn by the NPS subscriber at the time of retirement, 40% is tax-exempt and 20% is...
Status of Applicant: Citizen of India or Non-Resident of India (NRI) or Overseas Citizen of India (OCI) Register with: Aadhaar Offline e-KYC or Permanent Account Number (PAN) Account Type: Tier 1 and Tier 2 or Tier 1 only If registering with Aadhaar Offline e-KYC, one has to enter t...
You need to log in to internet banking to contribute to the NPS account. Once confirmed, you will receive an SMS and email alert. The withdrawal process from an NPS account can also be done online. The amount can be withdrawn: When the applicant becomes 60 years old. ...