Personal Finance National Pension System: Know about eligibility, premature withdrawal, tax benefits, other details Updated : May 13, 2020 08:08 PM IST An NPS account can be opened by a citizen of 18-65 years of age. NPS offers two kinds of accounts -- Tier 1 and Tier 2 -- for instruments including government bonds, equity market and corporate debt. A Tier 1 account allows the subscriber to make a premature withdrawal or even exit under certain conditions. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.