What are the tax benefits in pension account of NPS at SBI?2 min read . Updated: 18 Mar 2023, 07:35 PM IST
- SBI is offering two NPS schemes namely -- Tier 1 which is a pension account and mandatory, and Tier 11 which is an investment account and optional. The minimum contribution for the Tier 1 account is ₹500 and ₹1,000 for Tier II.
Largest lender in India, the State Bank of India (SBI) encourages customers to take advantage of tax-saving opportunities by contributing National Pension System (NPS). Founded by the government, NPS is a voluntary retirement savings scheme for investors to help them make a defined contribution towards planned savings thereby securing the future in the form of a pension.
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