This article offers a brief summary of the key aspects of the State Bank of India’s NPS schemes. Since these details are subject to frequent updates, please refer to the bank’s official website for the most current information on features and interest rates.
SBI – NPS Features:
- Minimum contribution for Tier I account opening: Rs. 500
- Minimum contribution for Tier II account opening: Rs. 1,000
- Minimum total annual contribution for Tier I: Rs. 1,000 (Minimum per contribution: Rs. 500)
- Tier II has no specified minimum total annual contribution (Minimum per contribution: Rs. 250)
- A cost-effective product with Fund Management Charges ranging from 0.03% to 0.09%.
- Full withdrawal allowed for corpus below Rs. 5 lakhs: If the total accumulated corpus is below Rs. 5 lakhs upon reaching the age of 60, the subscriber can withdraw the entire corpus.
How to invest?
Click here to invest in the State Bank of India’s NPS schemes.
Note: The information presented here is sourced from publicly available data. We cannot be held responsible for any inaccuracies in the details. For the most current and accurate information, please visit the official website of the respective bank/institution.