nps account activate online know process and pension details
[ad_1]
NPS Account: The need for money in old age is more than in youth. In such a situation, pension plays an important role after retirement. To continue your pension even after old age, it is important that you start investing for it now. There are many such schemes which can support you in old age. One of these schemes run by the Central Government is the National Pension System (National Pension System-NPS) Is. In this, the investor has to invest under the scheme at regular intervals, then after retirement the person receives regular pension. The National Pension Account can be accessed by Pension Fund Management Companies approved by the Government of India (PFMs) is done through. Pension Fund Department (PFRDA) manages the scheme and follows the rules and regulations.
Read Also:
Home Loan: If you are dreaming of buying your own house, know in which bank you will get the cheapest loan.
What is the benefit of NPS?
In this, along with the benefit of better returns, the investor also gets the facility of pension of a fixed amount after maturity. As per the current rule, after 60 years of age, an investor can withdraw 60 percent of the amount from his NPS account. Whereas, 40 percent of the investment can be used as annuity. In such a situation, you can easily arrange pension along with a big fund in old age through NPS.
Account may get frozen due to this mistake
If you open your NPS account and do not invest at least Rs 500 in it in a financial year, your account may be frozen. However, if you have also done this then there is no need to panic. You can reactivate your account. You can activate your account both online and offline.
To activate your account offline, first you have to fill the UOS-S10-A form. Fill the form and submit it to the bank branch or post office where you have your NPS account. Along with this form, you will also have to attach a copy of PRAN card. Additionally, you will have to deposit the dues annually and also pay a penalty of Rs 100 per year.
How to activate account online
To activate your account online, first go to the website of your account holder bank or post office. Login there. Click on My Account. There, select the option of NPS and select the option of Unfreeze account. After this, you can activate your account by depositing your late fees and outstanding amount.
[ad_2]
Source link
