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The PFRDA has proposed a systematic lump sum withdrawal system that allows subscribers to get regular payments instead of a lump sum withdrawal from the NPS investment. ....
NPS subscribers can withdraw a maximum of 60% of the accumulated corpus in the Tier 1 account as a lump sum at the time of retirement. If the NPS subscriber faces specific financial emergencies, the NPS allows partial withdrawals, subject to specific terms and conditions. ....
The Pension Fund Regulatory and Development Authority (PFRDA) has made proposed changes to NPS withdrawal for subscribers in the month of October 2023. ....