Financial Education
Question #155
What are the benefits, if the subscriber withdraws after attaining the age of 60 years or retire / superannuate from NPS?
Minimum Annuitisation - 40% of accumulated wealth and maximum lump sum withdrawal - 60% of accumulated wealth. The Subscriber may choose to purchase an annuity for an amount greater than 40% also. If the accumulated wealth is equal to or less than 2 lakh rupees, or a limit to be specified by the Authority, the entire accumulated pension wealth can be withdrawn without purchasing any annuity.
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