#nrimoneyclinic #NPS #FAQonNPS
WHAT ARE TIER 1 AND TIER 2 ACCOUNTS

Tier 1 Is Primary Account , Tier 2 is Optional Account
Tier 1 Account Is Non Withdrawable Account
Tier 2 Account – You Can Withdraw Any Time
No Tier 2 Account Without Tier 1 Account
No Tier 2 Account For NRIs

DOCUMENTS REQUIRED FOR OPENING NPS ACCOUNT

Photograph
Pan Card
Bank Account proof
Address Proof

ADDITIONAL DOCUMENTS FOR NRIs

Proof Of NRE/NRO account
Passport Copy

ADDITIONAL DOCUMENTS FOR OCIs

Proof Of NRE/NRO account
Passport Copy
OCI Card Copy
Overseas Address Proof

CHOICES TO EXERCISE IN NPS ACCOUNTS

Choose POP ( Point Of Presence)
Choose Fund Manager ( Many Choices )
Choose Fund Management Strategy ( Active or Life Cycle)

HOW TO ENSURE I GET LARGE ENOUGH PENSION ?

Start Saving Early & Save Regularly
Build Corpus By Investing In Stock Markets
Don’t Convert Corpus Into Pension Early
Postpone Taking Pension To A Future Date
Wait For Appropriate Interest Rate Before Buying Pension

HOW TO EVALUATE NPS INVESTMENT ?

You can compare the performance of Pension Account vis a vis the performance of each Asset Classes and each Pension Funds at web link http://npstrust.org.in/returncalc

The returns generated by the Pension Funds for each Asset Class available at the web link http://npstrust.org.in/return-of-nps-scheme

The portfolio of Asset Classes managed by each Pension Fund is published on the web link http://npstrust.org.in/content/scheme-portfolio

ANY PRECAUTIONS TO TAKE WHILE INVESTING IN NPS ?

Please Note : Tier 1 Account Is Illiquid Account
Don’t Invest Huge Amounts Of Money
Invest Small Amounts Regularly
Use Life Cycle Strategy To Grow Your Funds