PFRDA permits withdrawal of NPS corpus of Rs 5 lakh without buying annuity

Currently, NPS subscribers having a corpus of over Rs 2 lakh at the time of retirement or attaining the age of 60 years need to buy an annuity, offered by insurance companies, on a mandatory basis. They can take out the remaining 60 per cent as a lump sum.

from Wealth-Economic Times https://economictimes.indiatimes.com/wealth/personal-finance-news/pfrda-permits-withdrawal-of-nps-corpus-of-rs-5-lakh-without-buying-annuity/articleshow/83569246.cms