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 The amount can be withdrawn: When the applicant becomes 60 years old. ...
1.Tax benefit on partial withdrawal:NPS Tier-I account allows you to make the partial withdrawal i.e. 25% from own contribution with zero percent levied tax on it. 2.Tax benefit on Annuity purchase:Whatever amount is invested in the annuity purchase, it is free from tax. Though the recei...
The New Pension Scheme or NPS is a social security scheme introduced by the government, aimed at providing a steady stream of income post retirement. While the scheme has been around since 2009 opening the account involved going to the bank. Since Sep 2015 it is possible to open this account...