Question
The Pension Fund Regulatory and Development Authority
(PFRDA) launched Retirement Income Schemes (RIS) under NPS in May 2026. Up to what age can NPS subscribers now continue their NPS account?Solution
Earlier, NPS accounts had to be closed by the age of 75. Now both government and non-government subscribers can continue NPS till age 85. The RIS aims to provide subscribers with more flexible periodic payout options during their decumulation phase. Currently, NPS subscribers at retirement could withdraw up to 60% of their corpus tax-free.
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