Question
What is the minimum contribution amount for a Tier II
account in the National Pension System (NPS)?Solution
The Tier II account in the National Pension System (NPS) is an optional investment account that allows subscribers to invest and withdraw funds as per their convenience. The minimum contribution amount for a Tier II account in NPS is Rs. 1000 per month. The Tier II account has no lock-in period, and subscribers can withdraw the funds anytime they want. The Tier II account does not offer any tax benefits, unlike the Tier I account. Therefore, option B is correct.
The PMSBY aims to cover accidental deaths and injuries. Which of the following is NOT a common cause of accidents covered by the scheme?
Who recently retired as a two-time Olympic medallist in Indian hockey?
Which bank has launched its branch in GIFT-IFSC to offer corporate clients long- and short-term financing solutions through the IFSC branch, while pr...
- What is a major reason for UNESCO’s launch of the campaign "Imagine a world with more women in science"?
In which country was India's first overseas Jan Aushadi Kendra inaugurated?
Which of the following is/are the beneficiaries under the Pradhan Mantri Awas Yojana (Gramin):
I. People belonging to SCs/STs
II. Freed ...
Which is the first country that establishes a legal framework for a Bitcoin-backed bond dubbed “Volcano Bond"?
According to the data provided by the Ministry of Commerce & Industry, India’s seafood exports rose by 4.31 per cent to ______ in 2022-23 on account o...
Who was appointed as the new governor of the Reserve Bank of India in 2025?
Which Indian state has launched the "School on Wheels" program to provide education to students sheltered in relief camps?
