NPS: Can you withdraw 100% of your corpus in National Pension System? Annuity rules, death benefits explained
New Delhi, Sept. 28 -- Can you withdraw 100% of your corpus in the National Pension System? Well, yes, but there are certain conditions. Read on to find out.
Your corpus means the total money accumulated in your pension account. According to government regulations, eligibility depends on your savings, exit timing and subscriber category.
For normal exits, full withdrawal is permitted when the corpus is Rs.5 lakh or less. This covers exits at 60 or beyond, or retirement under applicable service rules. The guidelines list this threshold for both government and non-government subscribers.
If your corpus exceeds Rs.5 lakh, at least 40% of it must be purchased under an annuity. An annuity provides regular pension payments. You can withdraw ...
Click here to read full article from source
इस लेख के रीप्रिंट को खरीदने या इस प्रकाशन का पूरा फ़ीड प्राप्त करने के लिए, कृपया
हमे संपर्क करें.