There is no penalty, but the account requires at least one contribution per financial year to remain active. If it becomes dormant, there may be procedural steps to reactivate it.
Source: NPS Rule 14
Is there a penalty for not contributing to Tier-II in a year?
Related Questions
What if my appointment order was dated December 2003 but I joined in February 2004 — which scheme applies?
Is the NPS corpus guaranteed?
Why is 40% of the corpus locked into an annuity?
Is the option irrevocable once the employee dies?
What happens if there is no eligible family member at the time of a subscriber's death?
This answer is for informational purposes only and does not constitute legal advice. Always refer to the original rules and consult competent authorities for official interpretation.