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How does the NPS work?

When you join  Government  service, you will be allotted a unique Personal Pension

Account Number (PPAN). This unique account number will remain the same for the rest of your life. You will be able to use this account and this unique PPAN from any location and also if you change your job. The PPAN will provide you with two personal accounts:

 

1. A mandatory Tier-I pension account, and

2. A voluntary Tier-II savings account.

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