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Sanjeev Govila |458 Answers |Ask -Follow

Financial Planner - Answered on Feb 05, 2024

Colonel Sanjeev Govila (retd) is the founder of Hum Fauji Initiatives, a financial planning company dedicated to the armed forces personnel and their families.
He has over 12 years of experience in financial planning and is a SEBI certified registered investment advisor; he is also accredited with AMFI and IRDA.... more

Question by Sushil on Jan 28, 2024Hindi

Money

In NPS Tier1 account, I have deposited 4.5L. With Interest included, the total amount is approx 5.5L. Can I withdraw full amount from Tier-1 account on superannuation?

Ans: • In NPS Tier 1 account you cannot withdraw the full amount on superannuation if the total corpus is more than Rs. 5 lakh. Here are the withdrawal rules for NPS Tier-1 account on superannuation.

• If the total corpus is less than or equal to Rs. 5 lakh: You can withdraw the entire amount as a lump sum.

• If the total corpus is more than Rs. 5 lakh: You can withdraw only 60% of the corpus as a lump sum. The remaining 40% has to be used to purchase an annuity plan that will provide you with monthly pension payments after retirement.

• In your case, since your corpus is Rs. 5.5 lakh, you will be able to withdraw only Rs. 3.3 lakh (60% of Rs. 5.5 lakh) as a lump sum. The remaining Rs. 2.2 lakh will have to be used to purchase an annuity plan.

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

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Question by Sushil - Nov 10, 2023Hindi

Money

Can amount in Tier-2 account of NPS be withdrawn anytime like a savings bank account?

Ans: Yes, the amount in a Tier-2 account of NPS can be withdrawn anytime like a savings bank account
Since Tier-2 accounts are voluntary accounts, there are no restrictions on NPS Tier-2 withdrawals. An investor or subscriber can withdraw any amount from Tier-2 accounts for any purpose they like.
However, it is important to note that a Tier-2 account does not enjoy any of the tax benefits of a NPS Tier-1 account

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Financial Planner - Answered on Dec 13, 2023

Question by Sushil - Dec 13, 2023Hindi

Money

I am in Defence. I will superannuate at the age of 57 yrs. Can I withdraw full amount from NPS Tier-1 account (invested 4.5 L till date) at the time of superannuation i.e., at 57 yrs or have to wait till 60 yrs?

Ans: A Subscriber can claim 100% Withdrawal if the total accumulated corpus is less than or equal to Rs. 5 lakh at the time of Superannuation/attaining age of 60 years. However, please note that it is 'total accumulated corpus' including the returns accumulated and not only your invested amount.

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I have joined KEA SECOND ROND at St Johns BGR. Weather I am eligible to participate in AIQ third round also how much penalty I should pay at KEA

Ans: Search thoroughly in net, you will certainly find your answer. Best of luck. Professor.........................:)

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Career Counsellor - Answered on Jan 30, 2025

Asked by Anonymous - Jan 18, 2025Hindi

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Hello, I'm about to finish my third year in b.a. in economics, I want to earn money with a settled job for my parents. I'm confused rn, I want to prepare for SSC CGL, and earn good, but I fear of taking a gap after my graduation, since my college is very strict towards attendance and load is too much thus I don't want to go there again for my pg, idk if I should do private MBA or ma in economics or any other diploma in computer related or finance related course while simultaneously doing my preparation since I don't want to do nothing while sitting at home.(Btw I'm from Agra and it's getting hard for me to find good college where I can do my Master's in economics non-regular mode in reasonable fee)

Ans: Search thoroughly in net with more time, you will certainly find your solution. Best of luck. Professor.........................:)

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Asked by Anonymous - Dec 22, 2024Hindi

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hello, I have done my MBBS from Bangladesh in 2023 and have completed my internship also in Bangladesh in 2024. Now I want to pursue for my job in UK for which I have to give plab exam so I want step-by-step guidance how I can apply for that and where are the step 1 and step 2 exam going to be conducted.What are the Requirements for the exam ?

Ans: Please communicate with the appropriate authority who conducts the examination for giving you the opportunity to do job in UK. Best of luck. Professor..................:)

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Asked by Anonymous - Jan 30, 2025Hindi

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I am a 45 year old man. My problem is that I can't look people in the eye and talk. My strict upbringing may have made me an unnecessarily polite and timid person. I cannot exercise my authority at work when necessary. How do I get out of this personality?

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Asked by Anonymous - Dec 05, 2024Hindi

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Hi Sir, My Son is studying in 11th std with PCMCs and preparing both for NATA and CET. He was an average student in tenth scoring 55%, we are hoping for better performance in his 12th board. Currently we are staying in Bangalore. We need your suggestion in choosing between BArch or BE (Civil/Mech/Electrical). Which one will be better for him in difficulty level, fee structure, future job prospects and if he wants to Masters, whether he can continue in India or abroad. If abroad which countries or university are good for him for masters. Thank you

Ans: In B.Arch difficulty level is less but he must be good in drawing. A candidate who is bad in drawing can't be an Architect, even if he becomes he will fail in professional life. BE (Civil/Mech/Electrical) needs good knowledge of Maths and Physics. From his 10th score it seems to be he is an below average student. Fee structure is mostly same in both. For Masters we can think afterwards, no question of long term planning. In abroad always USA is the best for Engineering. Best of luck. Regards. Professor....................................................:)

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Career Counsellor - Answered on Jan 30, 2025

Asked by Anonymous - Nov 06, 2024Hindi

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Hi , I am planning to pursue a master's degree from Australia in 2025 Feb intake and got my education loan sanctioned from a bank too, but the university requires some interview process for confirming my admission and the interview is done now and it's been more than 1 month I didn't got any reply from the University of whether my admission is confirmed or not , because of the new law of student capping in Australia they are putting it on hold and now I have a offer letter from other university too but the thing is my sanction letter is already used for my first uni and I want to ask is there any way that I can use the same sanction letter for other university too or any other alternative for this that what should I do in this situation

Ans: You contact the admission cell of the second university and explain everything very honestly. Tell them the same story what you narrated here. I think they will consider your case with sincerity. Best of luck. Professor.......................................:)

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Dating Coach - Answered on Jan 30, 2025

Asked by Anonymous - Jan 30, 2025Hindi

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What to say if my boyfriend asks who is more important to you , me or your friends? When I say everyone has some importance in life, he gets offended. What should I say

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It is ok to ask questions, doing this will help you give apt responses. It also shows your investment in a discussion as this.

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Asked by Anonymous - Nov 08, 2024Hindi

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I am having 10 years of experience and due to my health I had to left my job in between and without any offer in hand. Now, Despite applied indefinitely I am not getting much response. I have started my own website and working on the same providing some insights on it. As I am market research professional. So, What should I do to tackle this situation and let me tell you I have done Bcom(H) & MBA. How to approach in a new way for interview or how should I upskill despite taking change needs of job due to AI.

Ans: AI doesn't have relation with your profile. You try to connect more people in LINKEDIN and search new jobs with your experience and skill. Get your BIO DATA designed by some professional. It will help you. Best of luck. Professor.........................:)

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Question by Unnikrishnan - Jan 30, 2025Hindi

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Dear Sir My son is studying EEE , and taken electrical major. He would like pursue his career in LEED or QAQC can you please advise what extra courses he need to undertake

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Dating, Relationships Expert - Answered on Jan 30, 2025

Asked by Anonymous - Jan 29, 2025Hindi

Relationship

Im afarid to express my love to a women. She is very good looking and much more than that she had a good character. But the main problem arises is she is 171cm and I'm 165cm. I'm afraid may be I will get rejected. I love her so much. Should i I leave her and move on. And one thing also i don't even talk to her, I'm afraid to talk. Can you give some tips to talking also

Ans: Dear Anonymous,
I understand your concern but how will you know whether height is an issue for her until you go ahead and speak to her? If you are worried about confessing your feelings for her directly, it's best you take things slow. Anyways, people are more likely to take such confessions on a positive note if they know the person.

You can start with a Hi, followed by letting her know that you have seen her around quite a few times. You can ask her what she does, and other general questions. Don't do it all in a single day; try building rapport slowly. This way you won't be putting too much pressure on yourself or on her.

Best Wishes.

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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