The Pension Fund Regulatory and Development Authority (PFRDA) recently proposed the ‘Systematic Lumpsum Withdrawal (SLW)’ option, allowing National Pension Scheme (NPS) subscribers to withdraw 60% of ...

When the subscriber reaches superannuation or the age of 60, 60 per cent of the total corpus accumulated in NPS can be withdrawn as a lump sum. IMAGE: Kindly note the image has been posted only for ...

PFRDA has a new option for NPS subscribers: a Systematic Lump sum Withdrawal facility The facility would enable NPS subscribers to withdraw their pension savings in a phased manner Pensioners can ...

Under National Pension System (NPS) rules, a subscriber is required to buy an annuity for at least 40% of the total corpus while the remaining amount can be withdrawn as a lump sum in a single tranche ...