Does Nominee get any amount if Pensioner died
This query is : Resolved
Quick Summary
Deepak Rawat
(Querist)
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.
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
(Expert)
02 January 2021
Nominee will not receive any amount after receipt of pension.
Deepak Rawat
(Querist)
02 January 2021
So, will nominee receive Pension amount through out his lifetime ?
CA R SEETHARAMAN
(Expert)
02 January 2021
Only wife will receive pension.
Deepak Rawat
(Querist)
02 January 2021
Ok... Thank U so much Sir for your valuable suggestions...
CA R SEETHARAMAN
(Expert)
02 January 2021
Any how contact NPS official provided in the link.
https://www.npscra.nsdl.co.in/contact-us.php
https://www.npscra.nsdl.co.in/contact-us.php
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