scorecardresearchPFRDA stops credit card payment facility in Tier-II NPS Account

PFRDA stops credit card payment facility in Tier-II NPS Account

Updated: 05 Aug 2022, 10:35 AM IST
TL;DR.
The move is seen to curb the misuse of credit cards by NPS subscribers in operation of their retirement accounts
A Tier-II account acts as a voluntary savings account and only a Tier-I NPS account holder is eligible for opening a Tier-II NPS account.

A Tier-II account acts as a voluntary savings account and only a Tier-I NPS account holder is eligible for opening a Tier-II NPS account.