Is NPS Tier 2 a good investment?
Low Management Cost – The NPS Tier 2 is the lowest cost pension product as it has a low management cost. As the account maintenance is low, the benefit of accumulated pension wealth to the subscriber becomes larger. Only Indian citizens are eligible to open a Tier 2 account who are aged between 18-60 years.
Can you go from Tier 1 to 2 in NPS?
Under the functionality of one way switch, the subscriber has an option to transfer funds from Tier II to Tier I account, however the vice-versa is not allowed i.e., transfer of funds from Tier I to Tier II account is not allowed.
Which mode of NPS is best?
For new investors, it is always better to invest in a Tier 1 NPS account because of its tax benefits, lower risk of volatility with equity, etc.
Which NPS gives best returns?
UTI retirement solutions\n\n UTI is a central government scheme that gives returns of 6.81% after the first year, 10.47% after 3 years and 9.05% after 5 years. UTI has produced the best returns in the year 2021.