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If you want to withdraw money from NPS account then know all the rules

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Everyone worries about their post-retirement time. A large number of people are investing in NPS these days. Let us know when you can withdraw money from NPS account.

Can be withdrawn after the age of 60

NPS investors can withdraw money after the age of 60. But keep in mind that a person can withdraw only 60 percent of the money. This money will be tax free. The remaining 40% will have to be put in the annuity plan, so that you get pension every month. There will be tax on this annuity plan. If the amount is less than Rs 2 lakh, then 100% of the money can be withdrawn from the NPS account.

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If You Exit Before Time

If NPS investors want to exit before 60 years. So they have to put 80% of the money in the annuity plan. While 20 percent of the money can be withdrawn. If the accumulated money is less than 1 lakh then in such a situation 100% money can be withdrawn.

in case of death

If the investor dies, then the entire money is given to the nominee.

how to exit

In the case of offline, the entire process will have to be completed by visiting the NPS office. At the same time, in the case of online, one has to login at enps.nsdl.com.

From July 1 in 6740 villages of Uttar Pradesh, banking, debit card, Aadhar and biometric withdrawals will be started from PACS.

Who can open NPS account?

Anyone from the age of 18 to 65 years can invest in NPS. Its maturity is at the age of 60 years. That is, whether you start investing at the age of 18 or at the age of 50, you will get the money only after you turn 60. That is, the sooner you start investing, the more profit you will get.

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If you want to withdraw money from NPS account then know all the rules
Kiran Morehttp://mytechspark.com
Hello friends, I am Kiran More, Technical Author and Co-Founder of mytechspark . Speaking of education, I am an BCS (Bachelor of Computer Science ) Graduate. I am also a youtuber our site provide fresh tech news ,unboxing ,new smartphones and Gadgets News and much more . So Stay connected with us. 😀
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