The National Pension Scheme has two tiers: Tier 1 and Tier 2. Tier 1 is mainly suitable for those who are concerned with retirement planning and Tier 2 account is for those who are looking for a voluntary savings account. Tier 2 is an add-on account which provides the flexibility to invest and withdraw from various schemes available in NPS without an exit load. I really wanted to know the NPS Tier 2 benefits. After asking my father about it, I got to know about them so let me share those with you.
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Some benefits of NPS Tier 2 are:
No additional annual charge is required
There is no minimum balance stated for these accounts
Transfer of fund to pension account anytime is simple and easy
Money can be withdraw anytime you want
Subscribers can choose their own investment options and pension fund and a lot more
This should answer your query:
what are the benefits of NPS tier 2 account
.
The NPS Tier 2 is the lowest cost pension product since it has low maintenance.
This is what I can say about the NPS Tier 2 benefits
Read More:Is Tier 2 NPS Taxable?
How to pay NPS online?
Can NRI invest in NPS scheme?
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Authors Of The Question
What Are The Benefits Of NPS Tier 2 Account?
Mahesh
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2 Year
2022-09-06T09:54:10+00:00 2022-09-06T09:54:12+00:00Comment
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