Summary
The PFRDA has clarified that NPS Tier-II accounts will incur annual maintenance charges (AMCs) similar to Tier-I accounts. The AMC for dormant accounts will be 10% and PRAN opening charge shall apply only at the time of initial PRAN generation.
Source: Livemint
Exclusive AI-Powered News Insights (For Members only)
Disclaimer:This content is AI-generated from various trusted sources and is intended for informational purposes only. While we strive for accuracy, we encourage you to verify details independently. Use the contact button to share feedback on any inaccuracies—your input helps us improve!
