This 80:20 rule for premature exit will apply to both the Government and Non-Government sector subscribers of NPS joining between 18-60 years. However, in the case of the Non-Government sector, the person should be a subscriber for 10 years. Under PFRDA (Exit and Withdrawal) (Amendment) Regulations, 2021 dated 14th June 2021, the provisions related to the lump sum withdrawal were modified for the benefit of subscribers. According to a PFRDA circular dated 21st September 2021, if the corpus is equal to or below Rs 2.5 lakh, then the full amount will be paid as a lump sum to the subscriber. In normal exit, the full amount can be withdrawn as a lump sum if the corpus is less than or equal to Rs 5 lakh. If the corpus is above Rs 5 lakh, then at least 40% of the accumulated pension wealth of the Subscriber has to be utilized for the purchase of an Annuity.
Which renowned Indian revolutionary also wrote under the pen names 'Hasrat' and 'Warsi'?
Which among the following country holds the largest Foreign Exchange (Forex) reserve in the world?
In which year “Global gender gap index” was published for the first time?
नालंदा विश्वविद्यालय को नष्ट करने वाला मुस्लिम आक्रम...
What is India's rank in Global Talent Competitiveness Index?
What is NAFTA?
Who was recently appointed as the Director General of UNESCO?
In which state of the country, the 50th All India Police Science Conference inaugrated?
The Tropic of Cancer passes through which of the following Indian states?
Who has been recently appointed as the CEO & MD of NCDEX or National Commodity and Derivative Exchange?