The corona virus epidemic has caused a lot of trouble to the people. Because of this, there has been loss in all areas. Investors are also worried about profits. Saving for middle class families is not easy. It is not known when all their salary is spent. Despite trying their best to spend less money, middle class families are unable to save money. In such a situation, now the Pension Fund Regulator and Development Authority (PFRDA) has given a big relief to the subscribers of National Pension System (NPS). PFRDA has allowed NPS customers to withdraw their entire money.
Subscribers will be able to withdraw full money from NPS
According to PFRDA, an NPS subscriber whose total pension corpus is Rs 5 lakh or less can withdraw all his money without buying an annuity. At present, subscribers of the National Pension System have to buy a pension scheme offered by insurance companies at the time of retirement or on attaining the age of 60 years in case they have a pension corpus of Rs 2 lakh and they can pay the remaining 60 per cent of the amount. can withdraw.
Premature withdrawal limit increase
has been the same pension regulator RS said in a Gazette notification increased 2.5 million to a million bucks premature withdrawal limit under the NPS.
The maximum age of entry has also been increased.
Along with this, the regulator has also increased the maximum age to enter NPS from 65 years to 70 years. While the exit age limit has been reduced to 75 years.
Open NPS account sitting at home
PFRDA provides the facility of One Time Password (OTP) to connect with NPS. Online NPS account can be opened through e-signature without any paperwork.
- For this click on the link given below-
enps.nsdl.com/eNPS - Now click on New Registration and fill your details.
- Your mobile number will be verified with OTP. Along with this, you will also have to fill the details of the bank account.
- Now select your portfolio and fund. For this, you fill the name of the nominee.
- You will also have to upload the canceled cheque, photograph and signature.
- Now you have to invest in NPS.
- After making the payment, your Permanent Retirement Account Number will be generated. Along with this, you will also get the receipt of payment.
- Now go to ‘e-sign/print registration form’ page and register with PAN and net banking.
This will complete your KYC process.
You will find additional information related to this on the website of NSDL.
