NPS Exit Rules After 15 Years – Understanding lump sum withdrawal, annuity, tax rules and withdrawal options under the National Pension System.

NPS EXIT RULES AFTER 15 YEARS

Quick answer: Yes. A non-government NPS subscriber can take a normal exit after 15 years in NPS or at age 60. Whichever comes first applies. You can withdraw up to 80% as a lump sum. At least 20% must buy an annuity. Only 60% of the corpus is clearly tax-free. The extra 20% may be