Best Bank to Open nps account for tax saving

49°
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Archie

Please suggest. How is enps ?

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Hunk Hunk
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Thanks @LordGane , enps is safe? Also how to close account later?

Post Tycoon Post Tycoon
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All are managed by NSDL. So your account opening will not make any difference. Better use ENPS as you won’t incur charges. Also it is not possible to move to enps account once you open an account through brokers like HDFCSEC or banks or even through your employer. So safety is not a concern at all.

Account closure has some conditions like terminal diseases, death of account holder else you need to continue. You just need to keep the account by investing ₹500 or ₹1000 per year. I don’t recollect the exact amount. Refer to Basunivesh blog for up to date NPS info.

Crowdpuller Crowdpuller
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Archie wrote:

Thanks @LordGane , enps is safe? Also how to close account later?

Safe means? Even banks open your account with NSDL only…
Banks charge commission, go with eNPS directly thru NSDL site

Hunk Hunk
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dhinchakrohit wrote:

Safe means? Even banks open your account with NSDL only…
Banks charge commission, go with eNPS directly thru NSDL site

No I am asking about redeemtion. Is it easier?

Deal Subedar Deal Subedar
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Archie wrote:

No I am asking about redeemtion. Is it easier?

Pre-mature exit is allowed after completing 10 years in NPS.

I doubt anybody here has even completed 10 years in NPS!

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