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NPS query
Sir if Mr. A who is a state government employee who retires in this march 2019 ,can he invest in nps tier 1 to get 80ccd benefit i.e. extra 50000 irrespective of 150000 80C deduction and if so can he invest the same by approaching a bank
Replies (3)
Yes, You can avail the benefit under sec 80CCD (1B) if you invest in tier 1 NPS.
For invest in NPS
You have to fill the application form and provide the relevant KYC documents at your nearest POP-PS (You will find the list in PFRDA portal).
Recently eNPS website have been opened where you can open account and invest online.
The above answer is only my opinion. Before making any decision or taking any action, you should consult a qualified professional adviser
https://commonmoney.home.blog/2019/02/18/how-to-apply-for-nps-80ccd1b-online/
thank you and congratulations on
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