How to open an NPS account online2 min read . Updated: 15 Jul 2019, 01:54 PM IST
- If you are considering opening an NPS account, remember that you will need an active mobile number, email ID and bank account
- On maturity, an NPS subscriber can withdraw up to 60% of her accumulated corpus as lump sum
The Union Cabinet had last year approved an increase in the income tax exemption limit on lump sum withdrawal from the National Pension System (NPS) on maturity, effectively making the withdrawal from the pension scheme tax-free. The decision is soon expected to be enforced as Budget 2019 has notified it.
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