Nps Withdrawal

Compulsory annuitisation under NPS is an essential requirement for novice senior citizens. Before buying the annuity, a NPS subscriber has to assess his future financial needs, available annuity and payout options and also review the terms and conditions of the annuity contract, experts say.

PFRDA plans to introduce systematic withdrawal plan under NPS by Sept: chairman Deepak Mohanty

Currently, National Pension Scheme (NPS) subscribers after turning 60 years withdraw up to 60 percent of the retirement corpus as a lump sum while the remaining 40 percent of the corpus mandatorily goes into buying an annuity.

CAMS partners with NPS as one of its Central Record-Keeping Agencies

CRA serves as a bridge or an operational interface between PFRDA and other NPS intermediaries such as Pension Fund Managers, Annuity Service Providers, Trustee Bank, etc. Notably, CDSL and K-Fin continue to serve as the existing CRAs of NPS.

Coronavirus impact | NPS subscribers can now make partial withdrawals for COVID-19 treatment

PFRDA has allowed subscribers under the NPS to make partial withdrawals for the treatment of COVID-19.