PensionBox Blogs
Should you choose NPS Tier 1 or Tier 2?
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Vaishnavi Verma
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Blog Related Questions
What is the difference between NPS Tier I and NPS Tier II accounts?NPS Tier I is a mandatory account for anyone who wants to join the NPS scheme, offering tax benefits under Sections 80C and 80CCD(1B) of the Income Tax Act. It has a lock-in period until the age of 60, and withdrawals are restricted. NPS Tier II, on the other hand, is optional, provides no tax benefits, has no lock-in period, and offers more flexibility in withdrawals and investment choices.
Other Blogs You Must Read
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Difference between NPS and OPS
The Old Pension Scheme is basically a General Provident Fund (GPF) facility.NPS or New Pension Scheme is a two-tier contribution-based system through ....
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Pranat Modi
August 19, 2022
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5 investment products you must invest in now to plan your Retirement.
Old age is a bittersweet path and to make life easy, one must plan their retirement to lead a relaxed life.....
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Kuldeep Parashar
July 18, 2022
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Is NPS better than PF?
Gene Perret describes retirement as “Retirement is wonderful. It is doing nothing without worrying about getting caught at it.” Retirement surely can ....
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Vaishnavi Verma
April 16, 2024