Author name: PolicyAdvisor

An individual is eligible for only one NPS account.

Yes.NPS account can be operated from anywhere in India by its subscriber. The same account holds good whether the subscriber

Each subscriber is issued with a Permanent Retirement Account Number or PRAN card that has a unique 12-digit number. Loss

While opening an NPS account, the subscriber must submit the registration form duly filled along with proof of identity, proof

Yes. Subscribers can update their personal details in the records by submitting a change request form with a service fee

To subscribe to the NPS, subscribers pay service charges to the POP.  This includes an initial subscriber registration charge of

Points of Presence or POPs are the interaction points for NPS subscribers. Authorized POP branches or Point of Presence Service

The registration form is available on the POP’s website. It can be downloaded and completed, after which it can be

The individual must submit the completed application form for registration along with KYC documents to a POP to open a

NPS can be opened via authorized centers called POP or Points of Presence. Most banks, private and public sector are

Yes. You can invest in NPS even if you have other pension funds and enhance your retirement income.

Yes. Whether or not you have a PF account, you can invest in NPS.

NPS does not have an upper investment limit.

Contributions to the NPS account can be made between 18 and 60 years of age with an option of continuing

The minimum contribution under Tier I is Rs.6000/- and for Tier II it is Rs.2000/- for each financial year. The

The NPS has two sub-accounts called the Tier I and Tier II. Tier I is compulsory while Tier II is

The NPS is open to all Indian citizens. It offers the flexibility to choose how much you want to save

The following individuals are not eligible for NPS: • Undercharged insolvent who have not been granted an order of discharge

Pension is always paid in the local currency, that is Indian Rupees, at vesting age. However, repartriation of pension is

Yes, NRIs can open an NPS account. Their contributions are governed by the RBI and FEMA and in the event