A Subscriber, at the time of joining NPS is required to make a nomination mandatorily in the prescribed form, conferring on one or more persons the right to receive the amount in the unfortunate event of death of a Nominee.
In case of a male Subscriber, his legally wedded wife, his children, whether married or unmarried, his dependent parents and his deceased son’s widow and children.
In the case of a female Subscriber, her legally wedded husband, her children, whether married or unmarried, her dependent parents, her husband’s dependent parents and her deceased son’s widow and children.
If Subscriber has a family at the time of making a nomination, the nomination shall be in favour of one or more persons belonging to his family. Any nomination made by such Subscriber in favour of a person not belonging to his family shall be invalid.
For other terms and conditions, please refer PFRDA regulations.
