What are the provisions and requirements if I defer my lump sum after attaining the age of 60 years or retirement / superannuation?

The lump sum can be deferred till the age of 70 years and can be withdrawn at any time between superannuation and 70 years of age or every year till age of 70 years. The subscriber has to give in writing (Intimation to the employer) in the specified form at least fifteen days before the attainment of age of superannuation and the same should be authorized by the associated Nodal offical in the CRA system. If deferment is availed by the subscriber, he/she has to bear the maintenance charges like CRA, PFM etc.