There is a new rule for the new pension scheme subscribers. Now one can withdraw the lump sum money from the account while leaving the security plan. This new rule has changed the old rule of phased withdraw from the account. This rule has been come into the effect immediately.
This new rule has given the option of the subscribers to defer on lump sum withdrawn on the account which is 60% maximum at the time of exiting from the scheme.
The authority looked into the matter and changes the rule of phased WI drawl in NPS new pension scheme and allowed the subscribers to lump sum withdrawal.
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