Nps shifting form 2025

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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.
Yes, a subscriber can claim withdrawal in following cases: In case of Superannuation- A Subscriber can claim 100% Withdrawal if the total accumulated corpus is less than or equal to Rs. 5 lakh at the time of Superannuation/attaining age of 60 years.
The Subscriber has to submit the request as per the prescribed format at any POP-SP of his/her POP. The form (UOS-S) for request for switch (from Tier II to Tier I) can be freely downloaded from CRA website .npscra.nsdl.co.in.
The form ISS1 is available on the CRA website - .npscra.nsdl.co.in] to the target Nodal Office i.e. to the Nodal Office with whom he/she will be associated after shifting. The target Nodal Office will facilitate the shifting of PRAN along with accumulated NPS contributions of source sector in the CRA system.
Log into your NPS account on your respective CRA website. Select Demographic Changes and choose Update Personal Details. Click Add/Update Nominee Details. Select the NPS account type from Tier I and Tier II.

People also ask

Transferring your NPS account from one PFM to another is a simple and efficient process, whether done online or offline. With the flexibility to choose from a wide range of PFMs, NPS subscribers can make well-informed decisions based on the performance, investment strategy, and risk profile of various fund managers.
Can I open multiple 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.

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