There are several pension schemes initiated by the government to help people save some money that they can use after retirement and so is the NPS or National Pension Scheme. There are two types of tiers available under this scheme: Tier 1 and Tier 2. Tier 1 is meant for people who are doing retirement planning and hence saving money. Tier 2 is for people who want to have an account as a voluntary savings account. If you want to know how to withdraw NPS tier 1 amount, I can help you. There are only a few steps that need to be followed that I am going to share here.
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How to withdraw NPS amount tier 1?
Login to NPS website or click on
https://enps.nsdl.com/eNPS/NationalPensionSystem.html
You will be asked to provide PRAN and password so provide it correctly to login
You can request withdrawal there and it gets initiated instantly on any business day.
This NPS Tier 1 account matures after the person is of 60 years and can be delayed till you attain 70 years but not after that. Up to 60% of your corous tax free and be withdrawn. You will be then compulsorily required to use the remaining 40% of the corpus to buy an annuity.
I hope this answers: how
to withdraw NPS tier 1 amount.
Read More:What is NPS PRAN Number?
How to open NPS Account?
Can we take loan on NPS?
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Authors Of The Question
How To Withdraw NPS Tier 1 Amount?
Pooja
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2 Year
2022-08-16T09:47:59+00:00 2022-08-16T09:48:00+00:00Comment
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