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New Delhi [India], April 27 (ANI/ATK): In February 2023, the Pension Fund Regulatory and Development Authority (PFRDA) issued a circular, mandating NPS subscribers to upload a few documents effective from April 1st, 2023. The pension body mentioned that uploading these documents would ensure timely annuity income payments. PFRDA currently administers and regulates the National Pension System (NPS), which provides a steady income stream to subscribers after their retirement. Furthermore, NPS withdrawal entails a systematic process. Under the existing rules, at the time of maturity, you must use a portion of the accumulated corpus - 40% to be exact - to purchase an annuity plan from an Annuity Service Provider (ASP). ASPs are approved by PFRDA, and offer numerous annuity options to provide a steady stream of income throughout your retirement years. The remaining 60% of the corpus can be withdrawn as a lump sum if it is less than or equal to Rs5 Lakhs. Exiting from Government and Corporat

New delhiRole of annuity service providersNodal officeAnnuity service providerPension fund regulatoryNational pension systemDevelopment authorityAnnuity service providersAnnuity serviceQuick distributionNew delhi indiaPril 27 ani atk in february 2023He pension fund regulatory and development authority pfrda issueda circularAndating nps subscribers to uploada few documents effective from april 1st023 the pension body mentioned that uploading these documents would ensure timely annuity income payments pfrda currently administers and regulates national system npsHich providesa steady income stream to subscribers after their retirement furthermore