Table of Contents
Can I pay NPS for my wife?
Actually, you can make your wife self-sufficient by investing in National Pension Scheme (NPS). Through this scheme, regular income can be arranged. To make your wife an independent, you can open an NPS account in her name. NPS account will give a lump sum to your wife on completion of 60 years of age.
Can house wife join NPS?
If you want to secure the future of your wife then you can open a new pension system (NPS) account in your wife’s name. NPS is the social security scheme of the central government. By this you can arrange regular income for your wife even if she is a homemaker.
Can husband and wife both can open NPS account?
6. 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.
What is the maximum amount you can invest in NPS?
The NPS allows you to invest more than Rs 2 lakh in a financial year which can help you bring down your tax liability. Here’s a look at how you can invest more than Rs 2 lakh in NPS to save tax….STORY OUTLINE.
| Deduction under section | Maximum amount available |
|---|---|
| Total maximum amount available | Rs 3.20 lakh |
Who all can invest in NPS?
The Pension Fund Regulatory and Development Authority of India (PFRDA) is the body that governs the NPS. You can invest in NPS if you are in the age group of 18 to 65 years of age. In the past few years, NPS rules have been modified to make it investor-friendly.
Can I open NPS account for my mother?
A subscriber to NPS account has an option to extend this beyond 60 years up to 70 years of age. Though you are allowed to open a PPF account for your minor child as a guardian, this is not possible in the case of NPS as the it can only be opened by major persons.