HOW TO OPEN ONLINE NPS TIER 2 ACCOUNT

HOW TO OPEN ONLINE NPS TIER 2 ACCOUNT

NPS KA TIER 2 ACCOUNT KAISE OPEN KARE-

1. Active tier 1 is prerequisite to open tier 2 Account
2. Tier 2 Account can also be activated through your Office/POP

nps app

Investment option of Tier 2

• can be same as tier 1

• can be changed

• can be different from tier 1

Bank &Nomination Details

• Can be same as tier 1

• Can be different from tier1

Benefits of tier 2 Account

• No need maintain separate account

• No additional Annual Maintenance Charges(AMC)

• Better Returns

STEPS TO OPEN ONLINE NPS TIER 2 ACCOUNT

Step 1: Visit the www.enps.nsdl.com Click on “Tier II activation” tab.

HOW TO OPEN ONLINE NPS TIER 2 ACCOUNT

Step 2: After clicking on Tier II activation, a window opens which asks for details like Permanent Retirement Account Number, Date of Birth and PAN.Here, one has to click on “Verify PRAN”. Once this PRAN is verified with the Tier I account details, his Tier II account will be activated.

 Fund Managers of  NPS Tier 2 Account

• HDFC Pension management company

• ICICI Prudential Pension Fund

• Kotak Mahindra Pension Fund

• SBI Pension Fund

• UTI Retirement Solutions

• LIC Pension Fund

• Reliance Pension Fund

Points to remember before opening a Tier II account-

i. Note that a Tier I and Tier II account can also be opened together by submitting a composite application form.
ii. One can withdraw any amount from the Tier II account at any time without paying any penalty.
iii. Any contribution made towards Tier II accounts are not eligible for 80C deduction.
iv. Minimum amount mandatory for opening an NPS Tier II is Rs. 1000.