Friday, 12 August 2016

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CIRCULAR REGARDING LATEST DEVELOPMENTS UNDER NPS


  • Regarding the Minimum contribution Requirement of Rs.6000/- per annum under NPS Private Sector - Tier I (All Citizen Model & Corporate Model) to Rs.1000/- per Financial year.
  • Waiver of minimum requirement of balance of Rs.2000/- at the end of Financial Year under NPC Tier II account.
  • Unfreezing all the existing frozen accounts due to non-contribution of minimum contribution of Rs.6000/- per annum n Tier I account and minimum contribution of Rs.250/- per annum in Tier Ii account and the minimum balance requirement of Rs.2000/- at the end of the financial year in the Tier II account in the CRA system as a one time measure.


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