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the option of the subscribers to defer on lump sum withdrawn on the account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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