PFRDA permits withdrawal of NPS corpus of Rs 5 lakh without buying annuity

Currently, NPS subscribers having a corpus of over Rs 2 lakh at the time of retirement or attaining the age of 60 years need to buy an annuity, offered by insurance companies, on a mandatory basis. They can take out the remaining 60 per cent as a lump sum.

from Personal Finance News-Wealth-Economic Times https://ift.tt/2S1tsuH