Can I exit NPS before I am 60?
Yes. If you exit NPS before 60 years, you must invest at least 80% of the pension wealth to buy a life annuity from an […]
Retirement Planning Questions
Does NPS have default annuity and ASP?
Yes. Life Insurance Corporation (LIC) is the default annuity service provider. The default annuity scheme offers annuity for life with option of 100% of the […]
How is my annuity income determined?
Your monthly pension or annuity income depends on the size of your retirement corpus. Naturally, the bigger the corpus, the higher the monthly pension.Annuity income […]
As an NPS subscriber what are my annuity options for monthly pension?
Annuity service providers offer a variety of generic annuities and their variants of combinations thereof. The annuity options for monthly pension are: 1. Pension for […]
Who are annuity service providers under NPS?
NPS Annuity service providers licensed by the IRDA(Insurance Regulatory and Development Authority) and empaneled by the PFRDA to offer annuity services to NPS subscribers are: […]
Suppose my PRAN is inactive, what happens to my withdrawal?
Your withdrawal claim will be processed normally, after deducting a penalty for unfreezing the account. You may seek to reactivate the account by paying the […]
What is PRAN?
Once you register with the NPS, you receive a PRAN – Permanent Retirement Account Numberalong with a PRAN Kit containing your PRAN Card, subscriber details […]
What is the documentation for withdrawal from NPS
To withdraw from NPS, you must submit the following documents with your withdrawal forms to seek claim settlement. • Original PRAN card • Attested copy […]
What is the frequency of withdrawals?
Subscribers can withdraw a maximum of three times during the tenure of their NPS subscription.At least 5 years must have elapsed after each withdrawal.
Does NPS allow partial withdrawals?
Yes,subscribers can make partial withdrawals of up to 25% under NPS provided they have held the account for at least 10 years from the date […]