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NPS Account Types

There are 2 types of NPS account : Tier 1 and Tier 2

TIER-I ACCOUNT (MANDATORY)

  • Income Tax benefits as per IT Act, 1961
  • Normal withdrawal on attening age of 60 years
  • Employed: 10% of Basic Salary
  • Option to Invest anytime during the year as per your convenience
Contribution DetailsAmount (Rs.)
Minimum Contribution at the time of account opening 500
Minimum amount per contribution 500
Minimum amount to be invested every financial year 1000

Note: applicable from second Financial year from the date of PRAN allotment date

TIER-II ACCOUNT (OPTIONAL)

  • No restriction on withdrawal
  • Option to Invest anytime during the year as per your convenience
Contribution DetailsAmount (Rs.)
Minimum Contribution at the time of account opening 1000
Minimum amount per contribution 250
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