Systematic Withdrawals Under Pension Scheme Soon: Fund Regulator To NDTV
Pension fund regulator PFRDA is planning to introduce a systematic withdrawal plan to give flexibility to pension account holders to withdraw a lump sum fund as per their choice on completion of 60 years. "The new plan will allow NPS Subscribers to periodically withdraw - either monthly, quarterly, half-yearly or annually till the age of 75 years," PFRDA Chairperson Deepak Mohanty told NDTV.
