New Delhi, July 11 -- Over the years, the PFRDA has made changes to the National Pension Scheme (NPS) to make it flexible and subscriber-friendly. The PFRDA's latest change is related to the subscriber's exit and withdrawal options under the NPS. In this article, we will discuss the Retirement Income Scheme (RIS) and the drawdown options that it offers.

At the end of the accumulation phase, an NPS subscriber is allowed to withdraw up to 80% of the accumulated corpus as lumpsum. The Retirement Income Scheme (RIS) provides the NPS subscriber the flexibility to select a phased withdrawal of the accumulated corpus through one of the two drawdown options.

The objective is to optimise periodic payouts to subscribers during the decumulation (p...