Retirement Benefits under NPS for its Subscribers

Retirement Benefits under NPS for its Subscribers

What shall be my benefits, if I retire/ superannuate from NPS?

Retirement/ Superannuation —

Minimum Annuitisation- 40% of accumulated wealth.

Maximum Lump Sum Withdrawal- 60% of accumulated wealth.

The Subscriber may choose to purchase an annuity for an amount greater than 40 percent also.

If the accumulated pension wealth of the subscriber is equal to or less than two lakh rupees, or a limit to be specified by the Authority, such subscriber shall have the option to withdraw the entire accumulated pension wealth without purchasing any annuity.

Read Also :  Settlement under NPS on unfortunate death of a Subscriber during the service

Source : PFRDA

Get Free Email Updates

Follow us on Telegram ChannelTwitter Facebook and Whatsapp Channel for all Latest News and Updates

Leave a Reply

Scroll to Top