New Pension Scheme.

• Overview
• Who can join
• Who cannot join
• Contribution Amount
• Benefit
• Withdrawals
• Tax Benefits
• Charges
• Other matters
• NPS Intermediaries
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Home > New Pension Scheme > Withdrawals

• At 60 years and upto 70 years
  • 60 per cent can be withdrawn as a lump sum or in a phased manner between the age of 60 to 70 years.
  • compulsorily annuitize 40 per cent used to purchase annuity from any IRDA regulated life insurance company.

• Before 60 years
  • compulsorily annuitize 80 per cent used to purchase annuity from any IRDA regulated life insurance company.
  • remaining 20 per cent can be withdrawn as a lump sum.

• Nominee benefits
  • nominee will have an option to receive 100 per cent.
  • If the nominee wishes to continue, he or she will have to subscribe to NPS individually.

• Disability
  • one can still continue to make contributions to the scheme until the age of 70 years.