I have an NPS-tier-1 account, which was opened by my previous company.
I would like to continue with this account and invest some regular amount every month. Is there any facility to register SIP (systematic investment) for NPS. My NPS fund is managed by HDFC security.
Yes, you can do SIP in NPS. For that, download the ECS Mandate form from the Point of Presence (PoP) or collect the mandate form from the PoP. Using this form you register SIP through ECS mandate. Units will be allotted at NAV based purchase price declared on the fourth day of ECS debit made on the subscriber’s bank account. In case the date falls on a non-business day, the immediate next business day will be taken into account for the purpose of determining the NAV