Hi
I think its the case with Tier II NPS holders only since individuals like me who have their NPS in Tier I only don’t have the option to switch. I worked in PSU bank for nine years and it was mandatory for us to be part of SBI pension fund corporate debt plan only with no option to switch. My bank was Allahabad Bank. Now I left the job but decent amount still lying there, I can only withdraw 20% as per rules. I was wondering since I no longer belong to the institution why is it still compulsion to be part of corporate debt plan only. There must be option for individuals like us to switch to equity pension funds.
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