Does Nominee get any amount if Pensioner died

This query is : Resolved

Deepak Rawat (Querist)
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02 January 2021 Dear Team,
Plz guide me on below mentioned example.
Suppose, I have 1 Crore in my NPS at the age of 60. I can withdraw only 60% on lumsum basis as per NPS rules and 40% will be converted into monthly pension.
Now my 40 Lakh is blocked with NPS which I will get on monthly pension basis. Suppose, I died at the age of 61, then will my nominee receive any money from NPS ? If yes, what amount that will be ?
Please guide, who have good knowledge on this.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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02 January 2021 Nominee will not receive any amount after receipt of pension.

Deepak Rawat

Deepak Rawat (Querist)
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02 January 2021 So, will nominee receive Pension amount through out his lifetime ?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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02 January 2021 Only wife will receive pension.

Deepak Rawat

Deepak Rawat (Querist)
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02 January 2021 Ok... Thank U so much Sir for your valuable suggestions...

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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02 January 2021 Any how contact NPS official provided in the link.
https://www.npscra.nsdl.co.in/contact-us.php

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