Any individual who is a citizen of India (both resident and Non-resident), falling in the age group of 18-70 years is eligible to join NPS.

Yes, transfer of the NPS account is possible. You can shift your PRAN from one sector to another, be it from Central Government to the Corporate sector, or Central Government to the corporate sector, etc. In addition to that, if you are relocated, it is possible to change POP-SP within the same POP. You can also change to your chosen POP available to the location.

You can make contributions to NPS through the NPS website or mobile application. You can visit here to make contributions through the website. You can also download the NPS mobile app to invest in NPS online.

The maximum equity allocation i.e. Asset Class E allocation allowed in NPS is 75% of the total portfolio. This limit is available only if you are availing the Active Choice option and up to the age of 50 years.

Annuity on withdrawal or maturity is provided by the Annuity Service Provider. Annuity Service Provider is an insurance company registered under IRDA and empaneled by PFRDA. You can write to nps.annuity@maxlifeinsurance.com for further assistance on annuity understanding.

If you wish to quit NPS before the retirement age, it's essential that you utilize at least 80% of your accumulated pension wealth to purchase annuity. This will give you the regular payouts post retirement. Therefore, you can withdraw only up to 20% of the pension as a lump sum retirement corpus.