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    Question

    What is the minimum contribution amount for a Tier II

    account in the National Pension System (NPS)?
    A Rs. 500 per month Correct Answer Incorrect Answer
    B Rs. 1000 per month Correct Answer Incorrect Answer
    C Rs. 2000 per year Correct Answer Incorrect Answer
    D Rs. 2500 per year Correct Answer Incorrect Answer
    E Rs. 5000 per year Correct Answer Incorrect Answer

    Solution

    The Tier II account in the National Pension System (NPS) is an optional investment account that allows subscribers to invest and withdraw funds as per their convenience. The minimum contribution amount for a Tier II account in NPS is Rs. 1000 per month. The Tier II account has no lock-in period, and subscribers can withdraw the funds anytime they want. The Tier II account does not offer any tax benefits, unlike the Tier I account. Therefore, option B is correct.

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