PFRDA allows systematic lump-sum withdrawal up to age 75 for NPS subscribers
Subscribers of the National Pension System may now draw the lump-sum component of their corpus in instalments up to the age of 75, instead of taking it as a single payment at superannuation.
Under the systematic lump-sum withdrawal facility, the 60% portion that is not required to be annuitised can be drawn monthly, quarterly, half-yearly or annually, while the balance continues to remain invested.
The remaining 40% must still be used to purchase an annuity from a PFRDA-registered annuity service provider at the time of exit.
Subscribers who have already exited cannot revert to this facility. The option must be exercised at the time of submitting the exit request through the nodal office.
एनपीएस अंशदाता अब सेवानिवृत्ति पर एकमुश्त राशि एक साथ लेने के बजाय 75 वर्ष की आयु तक किश्तों में ले सकते हैं। शेष 40 प्रतिशत से एन्युटी खरीदना अनिवार्य रहेगा।