InvestorQ : How can a subscriber unfreeze his/her NPS account?
priya Shah made post

How can a subscriber unfreeze his/her NPS account?

Answer
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1 year ago


A subscriber’s NPS account gets frozen if the minimum contribution of Rs 60,000 is not made every financial year.

In order to reactivate the account, an individual must pay the total of minimum contributions for the period the account has remained frozen, the minimum contribution for the year in which the account is reactivated and a penalty of Rs 100.

Thus, to reactivate NPS account = Minimum contributions for duration the account has been frozen + minimum contribution for year in which account is reactivated + Rs 100 (penalty).