Can I open new NPS account for a death employee wife who is receiving pension from his husband account

 No, you cannot open a new NPS account for a deceased employee's wife who is already receiving a pension from her husband's account.

However, she may be eligible for certain benefits under her husband's NPS account. The specific benefits and procedures will depend on the terms of her husband's NPS scheme and the applicable regulations.

Here are some possibilities:

 * Annuity Option: She may have the option to convert a portion of the accumulated corpus into an annuity, which would provide her with a regular income.

 * Lump Sum Withdrawal: She may be able to withdraw a lump sum amount from the corpus, subject to certain conditions and tax implications.

 * Nominee Benefits: If her husband had nominated her as a nominee, she may be entitled to receive the entire corpus or a portion of it.

To understand the specific options available to her, she should contact the Pension Fund Regulatory and Development Authority (PFRDA) or the concerned pension fund manager. They can provide detailed information on the procedures and documentation required to claim the ben

efits.

Comments

Popular posts from this blog

Grade one soap tfm 76 % Non sensitive

Can we directly invest in bonds

Money market funds