Third party contributions in Tier II account under NPS: PFRDA Clarification
Third party contributions in Tier II account under NPS: PFRDA Clarification Circular dated 16.08.2021
PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY
Circular
Circular No.: PFRDA/2021/35/PD/1
Date: 16th August 2021
To
All stakeholders
Subject: Clarification – Third party contributions in Tier II account under NPS
With reference to PFRDA circular PFRDA/2017/3/PD/1 dated 13th January, 2017 on ‘Discontinuance of acceptance of any third-party contributions in Tier II account under NPS’, it is clarified that alike in Government sector, the subscribers / employees under NPS Corporate Sector having an arrangement with respective employer, can contribute to their Tier II account by way of salary deductions.
(Mono Phukon)
Chief General Manager
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