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June 2nd, 2016, 04:01 PM
Super Moderator
 
Join Date: Mar 2013
Re: NPS In State Bank Of Hyderabad

Hello , The entry age for New Pension Scheme for the State Bank Of Hyderabad is 18 to 60 years.

There are 2 Tier

Tier-I account:

You cannot withdraw from these accounts till the age of 60.

Tier-II account:

A subscriber can withdraw from this account.

It should be noted that a Tier I account should be opened to open a tier II account.

Contribution:

Tier I accounts

The minimum contribution required at the time of opening the account is Rs.500.

Minimum contributions for subsequent deposits is Rs.500.

Minimum contribution, annually, is Rs.6,000.

Tier II accounts:

The minimum contribution required at the time of opening the account is Rs.1,000.

Minimum contributions for subsequent deposits is Rs.250.

Minimum contribution, annually, is Rs.2,000.

There must be a minimum of 1 contribution every year.

Documentation Required SBH New Pension Scheme

Proof of identity:
The following documents can be submitted as proof of identity

Ration card
Passport
PAN card
Driving License
Aadhar card

Proof of address:
The following documents can be submitted as proof of address
Electricity bill
Telephone bill
Bank passbook
Property or house tax receipt
House lease agreement


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