NPS rules explained: Key changes that make it more than just a tax-saving instrument
Zee News
The reforms aim to provide subscribers with greater withdrawal flexibility, extended investment tenure, and improved exit provisions.
New Delhi: The National Pension System (NPS) is no longer just a tax-saving instrument. Recent regulatory changes have reshaped it into a more flexible and retirement-focused investment option. The reforms aim to provide subscribers with greater withdrawal flexibility, extended investment tenure, and improved exit provisions.
Here are the 10 major changes explained simply:
1. Higher Lump-Sum Withdrawal at Retirement
Non-government subscribers can now withdraw up to 80 percent of their corpus as a lump sum, compared to the earlier 60 percent.
2. Lower Mandatory Annuity Requirement
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