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What Are The Types Of Funds Available In NPS?

May 11, 2018, 10:27 AM
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NPS offers two accounts: Tier-I and Tier-II accounts. Tier-I is a mandatory account and Tier-II is voluntary. The big difference between the two is on withdrawal of money invested in them. You cannot withdraw the entire money from Tier-I account till your retirement. Even on retirement, there are restrictions on withdrawal on the Tier-I account. The subscriber is free to withdraw the entire money from the Tier-II account.

The NPS offers two investment choices:

Active Choice: This option allows the investor to decide how the money should be invested in different assets.

Auto choice or lifecycle fund: This is the default option which invests money automatically in line with the age of the subscriber.

Source – gconnect

   
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Railway Employee (App) Rail News Center ( App) Railway Question Bank ( App) Cover art  

Railway Mutual Transfer

(App)
Information Center  ( App)
 
Disclaimer: The Information /News /Video provided in this Platform has been collected from different sources. We Believe that “Knowledge Is Power” and our aim is to create general awareness among people and make them powerful through easily accessible Information. NOTE: We do not take any responsibility of authenticity of Information/News/Videos.