6. What is the minimum contribution in a year for Tier II?

The minimum contribution is Rs 250/- at one time and there is no criteria for minimum
annual contribution in Tier II.

7. What is the maximum amount of contribution in a year?

There is no upper limit of contriution into NPS.

8. What is the minimum number of contribution in a year?

Minimum 1 transaction in a year has to be made in Tier I. However there is no limit
on maximum number of transactions that can be made in a year.

9. Can funds be withdrawn before attaining 60 years?

In Tier I funds cannot be withdrawn before attaining 60 years except certain
exception situation like premature exit or partial withdrawal due to extigencies.
However in Tier II, funds can be withdrawn anytime.

10. Can the full amount be withdrawn after attaining 60 years?

In case of premature exit the total amount can be withdrawn where the total corpus
value is less than Rs.2,50,000/- and in case of normal exit the total amount can be
withdrawn where the total corpus value is less than Rs.5,00,000/-. Otherwise
maximum 60% of the total corpus can be withdrawn, minimum 40% of the total
corpus will have to be annuitized.

11. Is Nomination facility available?

Yes and nominations can be made in favor of maximum 3 persons.

12. How to distribute the value between nominees?

The total shares of all the nominee together should be 100%.

13. What is a CRA?

The CRA stands for Central Record Keeping Agency. NSDL CRA, K-Fintech CRA
and CAMS CRA are the three entities appointed as as CRA in NPS. You as a
subscriber can chose only one of the CRA for your NPS account.
14. Is NPS a Government Scheme ?
Yes, NPS is a pension scheme initiated by Government of India under regulation of
PFRDA.

15. Can I get my updated statement of account?

Yes, you get your statement on your registered email id on regular frequency. You
may also generate your NPS statement any time by logging in to CRA webpage.

16. How can funds be contributed?

You can pay your contribution through online services of StockHolding, by issueing of
chqeue or by submitting a NACH form for auto debit regularly from your bank.

17. What is PRAN?

Permanent Retirement Account Number (PRAN) which will be given to the subscriber
on opening NPS account and which must be quoted in every transaction.

18. Which are the PFM?

There are 7 Pension Fund Managers (PFMs): Birla Sunlife Pension Management
Limited, HDFC Pension Management Company Limited, ICICI Prudential Pension
Funds Management Company Limited, Kotak Mahindra Pension Fund Limited, LIC
Pension Fund Limited, SBI Pension Funds Private Limited, UTI Retirement Solutions
Limited.

19. What is the assured rate of return?

NPS does not offer assured rate of return as the investment will be performance
based. You have a choice to switch your PFM once in a year. The scheme choice
can also be modified twice in a year.

20. What is the transaction cost to be borne by the subscriber?

The transaction cost is 0.25% of contribution value subject to minimum Rs 20/- + tax
as applicable.
21. What is POP fee for NPS account opening?
The POP fees for NPS account opening is Rs.200.00/-.

22. If I have invested in any other Provident Fund, can I still invest in NPS?
Yes. Investment in NPS is independent of your contribution to any Provident Fund.

23. I have invested in pension funds of non-government / private entities. Can I still
invest in NPS?
Yes. Investment in NPS is independent of your subscription to any other pension
fund.

24. Who is Eligible?

Any Indian Citizen within the age bracket of 18 to 70 years are eligible to join NPS.
Resident Indian, NRI and OCI can open NPS.

25. Can an NRI open an NPS account?

Yes, NRI can open an NPS account. Contributions made by NRI are subject to
regulatory requirements as prescribed by RBI and FEMA from time to time. If the
subscriber's citizenship status changes, his/ her NPS account would be closed.

26. What is the minimum annual subscription?

Rs 1000 for Tier-1 account.

27. Can I change my personal details after subscription?

Yes, new details for modification needs to be submitted to StockHolding.

28. How will I get pension and for how many years?
Pension is given on the basis of annuity purchased and type of annuity determines
the years of pension. The choice of annuity type is taken at the time of exit from NPS.

29. Will my pension be taxable?

Yes, as per tax slab imposed by government at that period of time.
30. What are the income tax benefits of NPS?
Rs.1.5 lakhs under Section 80C and Rs 50,000 under Section 80CCD1B. Also upto
10% of salary contributed by the employer under 80CCD2 if the subscriber as
employee is enrolled under corporate module.

31. What is the minimum number of contribution per year?

At least once for Tier-1 account.

32. Can I have multiple NPS account?

One individual can have only one NPS account. Mutiple NPS account is not allowed
as per regulation of PFRDA.

33. How do I monitor the performance of my investments?

Check online with the help of login id and password.

34. Do I get life insurance coverage or loan facility against the corpus of NPS?
No provision for insurance or loan, NPS is a pension Scheme.

35. What are the different account types?

Tier-1 and Tier-2

36. What is Tier-I Account?

Tier-I is a mandatory account; tax benefit is available for investment in this account
and conditional withdrawal are also available.

37. What is Tier-2 account?

It is an optional account, no tax benefit linked to it. Withdrawal from this account is on
demand.

38. Can I have only Tier-2 account?

No, for opening Tier-2 account, you need to open Tier-1 account as well. Both can be
done at the same time.
39. What are the withdrawal options?
Tier-1 Account: Conditional, Tier-2 Account: On demand.

40. What is the process of pre-mature withdrawal?

After completing 10 years in the NPS, the subscriber needs to purchase annuity for
minimum 80% of Corpus in case of premature exit.

41. What happens in case of death before or after retirement?

The corpus is transferred to nominee in case of death before retirement. The pension
to the spouse and return of purchase price to the nominee depend upon the type of
annuity taken in case of death post retirement.

42. Does a nominee need any NPS account for death case?
Not mandatory.

43. What can be the maximum number of nominee and is it compulsory?

You can moniname maximum of three and it is always recommended to nominate in
NPS.

44. What are various instruments of investment?

Equities (E), Corporate Debts (C), Government Bonds (G), Alternate Investments (A)

45. What are the various choices of Investment?

Active and Auto choice .

46. What is active choice?

Subscribers choose instruments and investment proportion (E:C:G:A) of their own.

47. What is the maximum investment limit on an instrument? A: Equity: Up to 75% of

corpus Corporate Debt: Up to 100% of corpus Government Bond: Up to 100% of
corpus Alternate Investment: Up to 5% of corpus.

48. How is my pension decided?

Pension is as per the amount and type of Annuity purchased.
49. Which annuity is better?
The annuity rate varies from time to time depending up on the age of applicant and
the type of annuity for different annuity service provider.

50. What is the charge through a POP?

Registration Charges: Rs 200 (one time) Contribution Processing: 0.25% of
contribution (each transaction) Other Transaction Processing: Rs 20 (each
transaction).

51. How can I open NPS account?

You can open NPS account either through any Stock Holding branch office in offline
mode OR through online mode.

52. What documents do I need for account opening?

Proof of Identity, Proof of Address, Cheque copy and passport size color photograph.

53. How should I communicate to Stock Holding Corporation for grievances?

For Grievance please contact at [email protected]

54. Can I get tax beneit if my age is more than 60 yers?

Yes, You can get the tax benefit on contribution to NPS till you are 75 yers of age.

55. Can I continue my NPS account beond 75 years.

No, you can not continue your NPS account beyond 75 years.