We can now include NPS investments in NSDL CAS

[aayusharyan]

Every month, we can receive a Consolidated Account Statement from NSDL which includes all the investments in Stocks + Mutual Funds + Bonds.
But now can also include NPS investments as well.

The benefit of this is that in 1 single CAS, we can get better overview of investments.

 

[Deleted member 9785]

Useful information budy

 

[D₹V]

N i c e 😺

 

[dadofjohnwick]

the link was not clickable for me tho. showed error.

 

[aayusharyan]

the link was not clickable for me tho. showed error.

Try this -> https://services.nps-proteantech.in/wpp/brand/nsdlconsentv2/

 

[Nilanchal]

Try this -> https://services.nps-proteantech.in/wpp/brand/nsdlconsentv2/

Just help me out with NPS.
Well, I was continuously pouring money in form of sip every month to nps.
But nps didn't generated much return and I am thinking to add nps funds to existing MFs.
How can we completely close nps ? What r the rules for it?
I do know 60:40 is the ratio but is there any possible ways to get most of the money out ?
Also, if I stop investing in nps henceforth then is it fine? Or any min investment is needed per annum?

 

[shashank08]

Just help me out with NPS.
Well, I was continuously pouring money in form of sip every month to nps.
But nps didn't generated much return and I am thinking to add nps funds to existing MFs.
How can we completely close nps ? What r the rules for it?
I do know 60:40 is the ratio but is there any possible ways to get most of the money out ?
Also, if I stop investing in nps henceforth then is it fine? Or any min investment is needed per annum?

What are your expectations of return from NPS and how much are you getting in terms of XIRR?
Also what is your percentage of equity in NPS?

 

[Avatar Aang]

Just help me out with NPS.
Well, I was continuously pouring money in form of sip every month to nps.
But nps didn't generated much return and I am thinking to add nps funds to existing MFs.
How can we completely close nps ? What r the rules for it?
I do know 60:40 is the ratio but is there any possible ways to get most of the money out ?
Also, if I stop investing in nps henceforth then is it fine? Or any min investment is needed per annum?

You can do partial withdrawal of 25% corpus if you have completed 5 years with NPS. If you have completed 10 years then you can close the account but 20% lumpsum withdrawal and for rest 80% you have to get a annuity plan.

 

[V360]

You can do partial withdrawal of 25% corpus if you have completed 5 years with NPS. If you have completed 10 years then you can close the account but 20% lumpsum withdrawal and for rest 80% you have to get a annuity plan.

I think you can withdraw entire corpus after 5 years:

Can I exit from NPS after 5 years?


Pre-mature Exit applicable in case of voluntary closure of PRAN by the subscriber, subject to subscriber having been registered under NPS for 5 years. If the corpus on the date of initiation of the pre-mature exit request is equal to or less than ₹ 2.50 lakh, entire corpus can be withdrawn as lump sum.

 

[sxchzy]

I think you can withdraw entire corpus after 5 years:

Can I exit from NPS after 5 years?

no
i think tier 1 nps isnt exitable
a part of tier 2 nps cvan be redeemeded

Pre-mature Exit applicable in case of voluntary closure of PRAN by the subscriber, subject to subscriber having been registered under NPS for 5 years. If the corpus on the date of initiation of the pre-mature exit request is equal to or less than ₹ 2.50 lakh, entire corpus can be withdrawn as lump sum.

 

[V360]

no
i think tier 1 nps isnt exitable
a part of tier 2 nps cvan be redeemeded

Maybe this will help:

Pre-Mature Exit | NATIONAL PENSION SYSTEM TRUST

Pre-mature exit from the National Pension System: Rules and limits for subscribers for exiting before the age of 60.

npstrust.org.in

 

[bsc0008]

Last month I closed NPS account prematurely. We've to satisfy below condition to receive full money
1. Should be in NPS for more than 5 years
2. Overall Tier-1 corpus should be less than 2.5L.
If our corpus is more than 2.5L we'll get 20% lumpsum and remaining 80% should be invested in a annuity plan.

 

[aayusharyan]

The annuity plan kicks in after retirement, right?

 

[bsc0008]

The annuity plan kicks in after retirement, right?

Since my corpus is less than 2.5L I took full withdrawal. But based on my understanding of the Exit FAQ, I think it should start immediately.

 

[WhoU]

Last month I closed NPS account prematurely. We've to satisfy below condition to receive full money
1. Should be in NPS for more than 5 years
2. Overall Tier-1 corpus should be less than 2.5L.
If our corpus is more than 2.5L we'll get 20% lumpsum and remaining 80% should be invested in a annuity plan.

Was it easy to get withdrawal? Can you share approx timelines and the effort?

 

[purush]

Good to know this

 

[bsc0008]

Was it easy to get withdrawal? Can you share approx timelines and the effort?

If all KYC & Bank details are updated, then the whole withdrawal will complete in 10-12 days.

 

[hellobois]

1

Try this -> https://services.nps-proteantech.in/wpp/brand/nsdlconsentv2/

10 Paisa per month. This is too much bro.
I can't afford it - Arindam Baba (Latest Trickzz Wale)

 

[Dreams Of Desire 💓]

1

10 Paisa per month. This is too much bro.
I can't afford it - Arindam Baba (Latest Trickzz Wale)

Same problem. Itna dher sara pesa kon dega wo bhi bas dekhne ke liye. Yeto me app me bhi dekh lunga 🤣🤣

 

[V360]

Last month I closed NPS account prematurely. We've to satisfy below condition to receive full money
1. Should be in NPS for more than 5 years
2. Overall Tier-1 corpus should be less than 2.5L.
If our corpus is more than 2.5L we'll get 20% lumpsum and remaining 80% should be invested in a annuity plan.

So basically, you should 50K per year till 4th year and then stop. on completion of 5 years, we can withdraw the whole amount