Can I continue my NPS after resignation?

Subscriber can decide to remain invested in NPS (Up to 70 years) or can exit from NPS. Following options are available to NPS Subscribers: Continuation of NPS account: Subscriber can continue to contribute to NPS account beyond Retirement (Up to 70 years) and avail additional tax benefit on the contribution.

What happens to NPS amount after resignation?

If contribution is discontinued and the subscriber wishes to exit from NPS before attaining the age of 60, he/she can withdraw upto 20\% of the sum accumulated till that point of time. The subscriber has to buy annuity with the rest of the money from PFRDA empanelled Annuity Service Providers.

What happens to my NPS amount if I resign from the job and NPS is not available in New Organisation?

Once you withdraw this amount then you no longer be the member of NPS and you are not eligible for pension also. If you exit before reaching the retirement age then you have to buy a pension product for the minimum of 80\% of such accumulated corpus.

What happens to NPS in case of job change?

If the subscriber changes his / her job and joins an organisation registered under NPS, the subscriber can continue the PRAN under the new Corporate by submitting the CS-S3 form.

Can we join again after resignation?

Treat the re-hiring process as respectfully as you would treat a fresh job application. Firstly, consider whether you are willing to step back into the same role that you recently exited and are willing to re-join at the same salary or even a reduced one. Be open to an internship or trial role if offered.

Can we withdraw resignation?

Unfortunately your employer can refuse your retracted resignation, so prepare yourself for that scenario if you can. If your employer refuses to accept your retraction, then you will be legally obliged to work your notice and then leave.

Can NPS be continued after 60 years?

Anyone between the age of 18 and 70 can open an NPS account and start saving till retirement. This means individuals or senior citizens joining at the age of 60 get around only 15 years to stay invested in NPS, as the maximum age allowed at the time of maturity is 75.

How do I quit NPS?

Here’s how to exit from the NPS scheme by initiating a withdrawal request:

1. Step 1: Log in to the CRA system using your PRAN and password.
2. Step 2: Select the option “Exit from NPS.” Then, click on “Initiate Withdrawal Request.”

Can a person have 2 NPS accounts?

No, opening multiple NPS accounts for an individual is not allowed under NPS. However an Individual can have one account in NPS and another account in Atal Pension Yojna.