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1. The contributions for Tier I account, are deducted from the salary and paid into the subscriber’s account by the employer, along with the employer’s contribution.
2. Subscribers can make their contributions to Tier II account, by depositing the contribution amount with their associated POP-SP, along with a NCIS (NPS Contribution Instruction Slip), giving details of PRAN etc. They may contact their POP-SP regarding the mode of payment (Cheque/Net banking etc.)
3. They may also transfer the contribution for Tier II account or any additional contribution to Tier I account - online, using the eNPS link- https://enps.karvy.com/.
For Subscribers in the Government sector, minimum contribution criteria do not apply for Tier I. The contribution is fixed at 10% of Salary (Basic+DA), along with contribution from the employer. Minimum contribution of Rs. 250 per transaction for Tier II account is required for all subscribers.
Units will be allotted only after funds are reconciled by bank. Generally, it takes 2-3 working days by which Trustee Bank reconciles the funds and provides the confirmation.
A subscriber can start making contributions if he has received intimation of his PRAN. He need not wait for receiving the PRAN kit.
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