@pinkrain Yep. Imo they should give us the option of having an nps demat account where we can invest in equities and etfs like a regular demat account. Anything that's sold goes into that nps "wallet" which we can use to buy other funds or keep in the wallet if we want. That will be a useful option for some investors. It's only a nice to have feature though, not as important as early withdrawal with penalties and removal of annuities.
@giobob That's it for me really. I don't want the annuity and lock in. If I can withdraw early (charge taxes as a penalty no problem) and remove the forced annuity as a requirement then I'll invest. My company also offers this corporate tax free nps plan.
@wilddaisy I have fallen into that corporate nps plan. What's the procedure to withdraw? Can I withdraw in this year or I will have to wait for a year?
@giobob I started late in NPS (personal : 2018, employer : 2020) but since it saves 30% tax, maximising it with 50k personal and 10% employer. Although I was buoyant about NPS but now I am sceptical since the returns on normal MF may be better in long run. Personally I prefer something which has lockin period of a long time and I am positive that NPS will have more/better withdrawal options in future.
@gloria12 There is an option where you can ask your employer to contribute up to 10% of your basic pay directly into your NPS account. This is over and above usual 1.5+0.5 Lakh contribution
Hence I mentioned this 10,000 will be contributed as a part of Corporate NPS contribution
@cindyr Nope, that's the whole reason corporate NPS is appealing.
Ideally you get 10% from employer and you can add another 50k, of all which is tax free