CBVPRATHAP-First of all why you feel NPS a good investment product? If you are Govt. employee and it is compulsory for you, then go ahead and continue. But don’t over invest. Otherwise, I don’t feel it is a great retirement product. Because of lock-in facility, taxation and return on such products.
- No minimum years but depends on your age and retirement age.
- Yes. Per year it is Rs.6,000 for Tier 1 and for Tier 2 it is Rs.1,000.
- Yes you are correct. Because Tier 1 is meant for pure retirement.