NAV for NPS Tier II withdrawal

[Copycat]

Tier II withdrawal | NPS Trust

www.npstrust.org.in

According to the above link the funds are credited on T+3 to the bank account. Does anyone know which NAV is used? T or T+3?


Notes:
a) I am assuming that online withdrawal is possible. Have not tried it out yet
b) The reason I am asking is because I sometimes plan to use Tier II as a "wallet" for DC offers. There will be the initial 0.2% contribution charge, but in an upward market you should recover that + missed interest (opportunity cost) within a few days. The only drawback I see is the date of the NAV, hence the above question

Thank you for your inputs

 

[satviksehgal]

Tier II withdrawal | NPS Trust

www.npstrust.org.in

According to the above link the funds are credited on T+3 to the bank account. Does anyone know which NAV is used? T or T+3?


Notes:
a) I am assuming that online withdrawal is possible. Have not tried it out yet
b) The reason I am asking is because I sometimes plan to use Tier II as a "wallet" for DC offers. There will be the initial 0.2% contribution charge, but in an upward market you should recover that + missed interest (opportunity cost) within a few days. The only drawback I see is the date of the NAV, hence the above question

Thank you for your inputs

The day you withdraw, that days nav will count. I have done these withdrawals multiple times, do it on Mondays to avoid loosing interest of bank holidays and weekends.

 

[Copycat]

The day you withdraw, that days nav will count. I have done these withdrawals multiple times, do it on Mondays to avoid loosing interest of bank holidays and weekends.

Thank you for the tip

 

[Wealth is my birth right!]

Tier II withdrawal | NPS Trust

www.npstrust.org.in

According to the above link the funds are credited on T+3 to the bank account. Does anyone know which NAV is used? T or T+3?


Notes:
a) I am assuming that online withdrawal is possible. Have not tried it out yet
b) The reason I am asking is because I sometimes plan to use Tier II as a "wallet" for DC offers. There will be the initial 0.2% contribution charge, but in an upward market you should recover that + missed interest (opportunity cost) within a few days. The only drawback I see is the date of the NAV, hence the above question

Thank you for your inputs

If your contribution reaches them by 930am then same day nav on buy side and yes online withdrawals possible
Just install the app which’s very user friendly but ensure to deposit in proper tier many times I get confused with I and II lol
Think of our temp money if stuck in tier I 😇

 

[WhoU]

If your contribution reaches them by 930am then same day nav on buy side and yes online withdrawals possible
Just install the app which’s very user friendly but ensure to deposit in proper tier many times I get confused with I and II lol
Think of our temp money if stuck in tier I 😇

For tier1 to pay via credit card, is there any app? In ET-money I can only see debit card and upi options.

 

[Wealth is my birth right!]

For tier1 to pay via credit card, is there any app? In ET-money I can only see debit card and upi options.

Direct NPS site or NPS app both will show credit card for tier I

 

[WhoU]

Direct NPS site or NPS app both will show credit card for tier I

Yeah I saw there are charges for ET money, so probably will go with direct account open from NPS site and invest from there

 

[kkk]

Yeah I saw there are charges for ET money, so probably will go with direct account open from NPS site and invest from there

Even in NPS app, there are charges

 

[WhoU]

Even in NPS app, there are charges

Yes but ET Money charges are higher compared to NPS app

 

[Wealth is my birth right!]

Yes but ET Money charges are higher compared to NPS app

Yes third party need their commission as well right
Pay from NPS site directly mostly the charges will be less than 1% with gst