NPS Systematic Lump Sum Withdrawal (SLW) Facility Explained

In a circular dated 27 Oct 2023, the Pension Fund Regulatory and Development Authority (PFRDA) announced the introduction of a Systematic Lump Sum Withdrawal facility in NPS. Here are the details. What are the existing NPS withdrawal rules, and where does this proposal fit? Existing rules: After the age of 60, an NPS subscriber has...

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