NPS rules Pension Fund Regulatory and Development Authority (PFRDA) has recently issued a circular informing that the facility of Systematic Lump Sum (SLW) has been started for the members of the National Pension System (NPS). In such a situation, if you are an NPS customer then this news is very important for you. Read what facilities will be available now and what is the complete news.
If you invest in National Pension Scheme (NPS) then this is important news for you.
Pension Fund Regulatory and Development Authority (PFRDA) recently issued a circular stating that the facility of Systematic Lump Sum Withdrawal (SLW) has been released for National Pension System (NPS) subscribers.
What facility will be available now?
NPS subscribers can now withdraw up to 60 per cent of their pension corpus through SLW periodically (monthly, quarterly, half-yearly or annually) as per their choice up to the age of 75 years at the time of their normal withdrawal. .
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What facility will be available now?
NPS subscribers can now withdraw up to 60 per cent of their pension corpus through SLW periodically (monthly, quarterly, half-yearly or annually) as per their choice up to the age of 75 years at the time of their normal withdrawal. .
However, now with the SLW facility, NPS subscribers will be allowed to defer annuity purchases till the age of 75 and still make withdrawals from their pension fund from time to time.
