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.
CAclubindia
