NPS withdrawal rule set to change: Soon you can opt for periodic withdrawal instead of lump sum
At present, once an NPS subscriber turns 60, she can withdraw up to 60 per cent of the retirement corpus as a lump sum. Now, PFRDA is planning to offer NPS subscribers the flexibility to not withdraw 60 per cent corpus, instead letting it be with NPS and get it back in a staggered manner till the age of 75. PFRDA is likely to implement the Systematic Lumpsum Withdrawal (SLW) option by the end of this quarter, Deepak Mohanty, PFRDA chairman, told ET Wealth.
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