Nps

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Querist : Anonymous

Querist : Anonymous (Querist)

07 September 2017 What is the procedure of withdraw amount from my NPS for purchase of house??

K Srinivas, CMA CS (Expert)
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10 September 2017 Amount invested in NPS Tier I account cannot be withdrawn before attaining 60 years.

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K Srinivas, CMA CS (Expert)
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10 September 2017 There are no restrictions in NPS Tier II account

Querist : Anonymous

Querist : Anonymous (Querist)

11 September 2017 What is tier 1 and tier two of NPS Sir??
i m employee of Ministry of External affairs...joined in 2012..can i withdraw???

K Srinivas, CMA CS (Expert)
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11 September 2017 Tier 1 is retirement corpus and you cannot withdraw before 60 years. You can claim this amount as deduction u/s 80C

K Srinivas, CMA CS (Expert)
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11 September 2017 Tier 2 is additional account, you can withdraw any time. No tax deduction benefit available

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