Dear Friends,
As everyone knows, all those joining the govt. organization on and after 01.01.2004, will automatically be a member of New pension Scheme, without any choice.
I want to know what if a person leaves govt. job in 2 yrs and joins some other concern where NPS is not in vogue, then can the employee get his amount back, if yes when..
And can anyone give some more insight on NPS from an employee's point of view...

From India, Asansol
Tier I account deposits can not be withdrawn till you reach 60 yrs but Tier II deposits can be withdrwan at any moment. Tier I A/c will remain dormant if there are no contributions which can be revived on paying penal amount of Rs.100/- yr and you can continue subscribing.
Pon

From India, Lucknow
Dear Pon, Thanks, but as you know Tier II is yet not operational and why should an employee pay penal amount when he is no more in a concern whr he can deposit NPS subscription?
From India, Asansol

If you are knowledgeable about any fact, resource or experience related to this topic - please add your views using the reply box below. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone.

Please Login To Add Reply →






About Us Advertise Contact Us Testimonials
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2021 CiteHRô

All Material Copyright And Trademarks Posted Held By Respective Owners.
Panel Selection For Threads Are Automated - Members Notified Via CiteMailer Server