Hi all!
I was freelancer, now i am not working anywhere (no Income).
I opened NPS Tire-I account in my last working year i.e., 2016-17. and deposite 70,000.
Now my age is 52 years.
Shall i need to deposite the minimum 6000/- in this financial year (2017-18)?
What is the procedure to withdraw this total NPS amount?
It has been reduced to Rs. 1,000 per year. You have to deposit atleast Rs. 1,000 per year in NPS - Tear 1account.
Please refer following circular of PFRDA, dated 9th August,2016.
https://www.npscra.nsdl.co.in/download/circular%20on%20reduction%20of%20minimum%20balance%20requirement%2009082016.pdf
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
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