Tier 1 - The applicant shall contribute his/her savings for retirement into this restricted withdrawable account. This is the retirement account and applicant can claim tax benefits against the contributions made subject to the Income Tax rules in force.
Tier 2 – Opening of this account is optional for investment purpose. The subscriber has the flexibility to can withdraw from this account as per their requirements
**Failing minimum investment criteria leads to freezing of PRAN account as per the guidelines of PFRDA