India Post, the postal gadget of you. S. A . offers the ability to commence accounts under the National Pension System (NPS). NPS is a government-backed retirement-making plans tool regulated by the Pension Fund Regulatory and Development Authority (PFRDA). PFRDA has appointed India Post as one of the Points of Presence (POP) – the first point of the interplay of the NPS subscriber with the NPS structure. India Post affords offerings through POP carrier companies (POP SPs). All head post offices throughout the United States of America are identifying as POP SPs, in step with India Post’s internet site- indiapost.Gov.In.Given beneath are salient capabilities of Post workplace NPS account:
Eligibility
All citizens who no longer come beneath any NPS quarter and are elderly between 18 and 64 can open an NPS account with the publishing workplace, it stated.
Services presented
India Post permits subscribers to open an NPS account and make subsequent contributions. All types of provider requests and go-out/claim withdrawal requests are also offered, stated India Post.
Types of NPS debts
Two types of debts might be opened under NPS: Tier I and Tier II. Tier I is a pension account and is obligatory. Tier II is a financial savings account and is non-obligatory. Customers get an additional tax advantage of Rs. 50,000 for investment in NPS (All Citizen Model), in step with India Post.
