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NPS subscribers can withdraw full amount on retirement

New Pension Scheme holders can withdraw the entire fund on retirement if the total amount is Rs 2 lakh or less

October 21, 2013 3:06 IST | India Infoline News Service
With the Ministry of Finance approving some changes in rules, the New Pension Scheme (NPS) holders can withdraw the entire fund on retirement if the total amount is Rs 2 lakh or less.

“When, on superannuation, a request is received from a subscriber, other than the subscriber under NPS-Lite Swavalamban Scheme, having pension wealth of Rs 2 lakh or less, he/she may opt for withdrawal of total pension wealth,” a notification issued by the Ministry of Finance said.

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