- Open to all Indian citizens including NRI's aged between 18-60 yrs.
Pension contribution invested by professional PFM's.
Lowest Fund Management charges.
Offers/portability - account can be operated from anywhere in the country.
After subscribers retire at the age of 60, they may choose to purchase an annuity for an amount 40% or greater than it and withdraw the remaining pension wealth in lump sum.
Subscribers have an option of selecting an annuity which will pay pension to them/their nominee.
Withdrawable facility under Tier-II Account.
No Entry and Exit Loads with Transparent Fee Based System.
Wednesday, 10 April 2013
Wednesday, April 10, 2013 Government Pensions, National Pension Plan, National Pension Scheme, NPS AP, NPS India, Pension News, Public Pensions, Swavalamban 2 comments