New Delhi, Oct. 2 -- For someone saving through the National Pension System (NPS), retirement planning does not end with building a corpus. Once you retire, you also need a way to turn that accumulated money into a regular income.

On 15 May 2026, the Pension Fund Regulatory and Development Authority (PFRDA) introduced Retirement Income Schemes (RIS) for NPS subscribers. The scheme is designed to help retirees receive regular payouts from the portion of their NPS corpus that is available for phased withdrawals.

Think of your NPS retirement corpus as the money you have built over your working years. At retirement, this money has to be split according to NPS exit rules.

A specified portion, 20% or 40%, depending on the applicable exit rul...