Economics · Economy
Consider the following statements regarding Tier II accounts under the National Pension System (NPS): 1. A Tier II account is mandatory for all NPS subscribers and comes with a rigid 3-year lock-in period. 2. Contributions to Tier II accounts are generally not eligible for tax deduction under Section 80C for non-government subscribers. 3. Withdrawals from Tier II accounts can be made at any time without any exit restrictions or withdrawal penalties. Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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2 and 3 only
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