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All you need to know before opening National Pension System Tier 2 Account
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financialexpress.comOn opening a National Pension System (NPS) account, the Tier I account gets opened mandatorily. The amount you put into NPS goes into this Tier 1 account as per the allocation decided by you among the various fund options. You can diversify across equity and debt fund options in NPS and the NPS returns will depend on the performance of these fund options.
In addition, there is an option for the NPS subscriber to open a Tier II account within the same account. The difference between NPS Tier 1 and Tier 2 account is about the lock-in period of your money in the NPS scheme. Your money in NPS Tier 1 remains locked-in till maturity which is till age 60 for most subscribers while the money in NPS Tier 2 remains liquid from day one.
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